VANCOUVER, BC, June 26,
2024 /CNW/ -
TSX VENTURE COMPANIES
BULLETIN V2024-1948
CHABLIS CAPITAL CORP. ("CCZ.P")
BULLETIN
TYPE: New Listing-CPC-Shares
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 2 Company
The Capital Pool Company's (the 'Company') Prospectus dated
April 24, 2024, has been filed with
and accepted by TSX Venture Exchange, the Ontario, Alberta and British Columbia Securities
Commissions, effective April 24,
2024, pursuant to the provisions of the Ontario, Alberta and British Columbia Securities Acts.
The common shares of the Company will be listed and admitted to
trading on TSX Venture Exchange, on the effective dates stated
below.
The gross proceeds to be received by the Company for the
Offering are $308,500 (3,085,000
common shares at $0.10 per
share).
Listing Date:
|
At the close of
business (5:01 p.m. EDT) on June 27, 2024.
|
Commence Date:
|
The common shares will
commence trading on TSX Venture
Exchange on Friday, June 28, 2024, upon confirmation of
closing.
|
The closing of the public offering is scheduled to occur
before the market opening on Friday
June 28, 2024. A further notice will be issued upon receipt
of closing confirmation.
Corporate
Jurisdiction:
|
Ontario
|
|
|
Capitalization:
|
Unlimited number of
common shares with no par value, of which
5,085,000 common shares will be issued and outstanding upon
closing
of the offering.
|
|
|
Escrowed
Securities:
|
2,000,000 common shares
and 500,000 stock options
|
|
|
Transfer Agent:
|
TSX Trust Company –
Toronto
|
Trading Symbol:
|
CCZ.P
|
CUSIP Number:
|
15723C107
|
Agent:
|
Stephen Avenue
Securities Inc.
|
|
|
Agent's Options:
|
246,800
non-transferable stock options. One option to purchase
one share at $0.10 for a period of 2 years from the closing
date.
|
For further information, please refer to the Company's
Prospectus dated April 24, 2024.
Company Contact:
|
Victor Cantore, Chief
Executive Officer and Director
|
Company Address:
|
66 Wellington Street
West, Suite 4100, Toronto,
Ontario M5K 1B7
|
Company Phone
Number:
|
(514)
831-8626
|
Company E-mail:
|
victor.cantore@baycapitalmarkets.com
|
Seeking QT primarily in these sectors:
Mining
_______________________________________
BULLETIN V2024-1949
EDDY SMART HOME SOLUTIONS LTD. ("EDY")
BULLETIN
TYPE: Consolidation
BULLETIN DATE: June 26, 2024
TSX Venture Tier 1
Company
Pursuant to a resolution passed by shareholders on June 17, 2024, the Company has consolidated its
capital on a (100) hundred old for (1) one new basis. The name of
the Company has not been changed.
Effective at the opening on Friday,
June 28, 2024, the common shares of Eddy Smart Home
Solutions Ltd. will be quoted on TSX Venture Exchange on a
consolidated basis. The Company is classified as a 'Technology'
company.
Post - Consolidation
Capitalization:
Unlimited shares with no par value
of which
795,286 shares are
issued and outstanding
Escrow:
Nil
common shares
Transfer
Agent:
TSX Trust Company
Trading
Symbol:
EDY
(UNCHANGED)
CUSIP
Number:
279369201 (NEW)
_______________________________________
BULLETIN V2024-1950
HERCULES METALS CORP. ("BIG")
[formerly Hercules
Silver Corp. ("BIG")]
BULLETIN TYPE: Name
Change
BULLETIN DATE: June 26,
2024
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders on June 17, 2024, the Company has changed its name
to Hercules Metals Corp. There is no consolidation of
capital.
Effective at the opening, Friday, June
28, 2024, the common shares of Hercules Metals Corp.
will commence trading on TSX Venture Exchange and the common shares
of Hercules Silver Corp. will be delisted. The Company is
classified as a 'Gold and Silver Mining' company.
Capitalization:
Unlimited
shares with no par value of which
250,491,215
shares are issued and
outstanding
Escrow:
N/A
common shares
Transfer Agent:
Odyssey Trust Company
Trading
Symbol:
BIG
(NO CHANGE)
CUSIP
Number:
427086103
(NEW)
_______________________________________
BULLETIN V2024-1951
SCANDIUM CANADA LTD.
("SCD.RT")
BULLETIN TYPE: Rights
Expiry-Delist
BULLETIN DATE: June 26, 2024
TSX Venture Tier 2
Company
Effective at the opening, July 5,
2024, the Share Purchase Rights of the Company will trade
for cash same day settlement. The Rights expire July 5, 2024 and will therefore be halted at
Noon E.T. and delisted at the close
of business July 5, 2024.
TRADE DATES
July 5, 2024 - TO SETTLE –
July 5, 2024
The above is in compliance with Trading Rule C.2.18 – Expiry
Date:
Trading in the Rights shall be for cash same day settlement on
the expiry date. On the expiry date, trading shall cease at 12
o'clock noon E.T. and no transactions
shall take place thereafter except with permission of the
Exchange.
_______________________________________
BULLETIN V2024-1952
XYBION DIGITAL INC. ("XYBN")
BULLETIN
TYPE: Plan of Arrangement, Delist
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for
filing documentation from Xybion Digital Inc. (the "Company" or
"Xybion") in connection with a court-approved plan of arrangement
under section 288 of the Business Corporations Act
(British Columbia) (the
"Arrangement"). Pursuant to the Arrangement, the Company acquired
all of the issued and outstanding Class A subordinate voting shares
(each, an "SVS") for CAD 0.90 for
each SVS.
The Exchange has been advised that approval of the Arrangement
was received at a special meeting of shareholders held on
June 14, 2024 and that the Supreme
Court of British Columbia provided
its final order approving the Arrangement on June 21, 2024. The Exchange has been advised that
the Arrangement closed on June 26,
2024. For details regarding the Arrangement, refer to the
Company's Information Circular dated May 10,
2024 (the "Circular"), a supplement to the Circular dated
June 3, 2024, and news releases dated
May 16, 2024, June 3, 2024, June 17,
2024 and June 26, 2024, which
are available under the Company's profile on SEDAR+.
Delist:
Further to the completion of the Arrangement effective at the
close of business Thursday, June 27,
2024, the SVS of Xybion will be delisted from TSX
Venture Exchange at the request of Xybion.
_______________________________________
24/06/26 - TSX Venture Exchange
Bulletins
TSX VENTURE COMPANIES
BULLETIN V2024-1953
ANFIELD ENERGY INC.
("AEC")
BULLETIN TYPE: Shares for
Bonuses
BULLETIN DATE: June
26, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's
proposal to issue 4,000,000 warrants, with each warrant entitling
the holder to acquire one common share of the Company at an
exercise price of $0.095 until
September 26, 2028, to an arm's
length party (the "Lender") in consideration of the amendment
agreement of the secured credit facility of $4,300,000 (the "Facility").
For additional details, please refer to the Company's news
releases dated April 17, 2024.
_______________________________________
BULLETIN V2024-1954
BULLION GOLD RESOURCES CORP. ("BGD")
BULLETIN
TYPE: Property-Asset or Share Purchase
Agreement
BULLETIN DATE: June 26, 2024
TSX Venture Tier 2
Company
TSX Venture Exchange has accepted for filing documentation
relating to an option agreement (the "Agreement") dated
April 9, 2024, between Bullion Gold
Resources Corp. (the "Company") and an arm's length party. Pursuant
to the Agreement, the Company shall acquire 22 mining claims, added
to the Bodo project located north of Chibougamau.
|
CASH
($)
|
SECURITIES
|
WORK
EXPENDITURES ($)
|
CONSIDERATION
|
$10,000
|
1,000,000 Common
Shares
|
$125,000 by the
end
of 2024
|
For further details, please refer to the Company's news releases
dated April 17, 2024 and June 3, 2024.
BULLION GOLD RESOURCES CORP. (« BGD »)
TYPE DE
BULLETIN : Convention d'achat de propriété d'actif ou
d'actions
DATE DU BULLETIN : Le 26 juin
2024
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents
relative à une convention d'option (la « convention ») datée du 9
avril 2024, entre Bullion Gold Resources Corp. (la « société »)
et une personne sans lien de dépendance. Conformément à la
convention, la société acquerra 22 claims miniers, ajouté au projet
Bodo situé au nord de Chibougamau.
|
ESPÈCES
($)
|
TITRES
|
ENGAGEMENTS AU
TITRE DE TRAVAUX ($)
|
CONTREPARTIE
|
10 000 $
|
1 000 000 actions
ordinaires
|
125 000 $ avant la fin
de
2024
|
Pour plus d'information, veuillez-vous référer aux communiqués
de presse émis par la société le 17 avril 2024 et le 3 juin 2024.
_______________________________________
BULLETIN V2024-1955
DELTA RESOURCES LIMITED ("DLTA")
BULLETIN TYPE:
Property-Asset or Share Purchase Agreement
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 2 Company
TSX Venture Exchange has accepted for filing documentation
pertaining to a Property Option Purchase Agreement April 30, 2024 (the "Agreement") between the
Company and Sky Gold Corp., whereby the Company purchased 33
contiguous unpatented mining claims located in the Laurie Township
of northwestern Ontario (Laurie
Property) and 80 contiguous unpatented mining claims located in the
Duckworth Laurie, Sackville and
Horne Townships and Batwing Lake and Dawson Road Lot Areas of
northwestern Ontario (Horne
Property) (the "Targets").
Under the terms of the Agreement, the Company agreed to purchase
the Targets in exchange for 1,400,000 common shares, cash payment
of $425,000 and incurring exploration
expenses in amount of $1,000,000 over
the period of three years. Additionally, the Company granted 1% Net
Smelter Return Royalty ("NSR") with the option to buy back a 0.5%
NSR at any time for $1,000,000 and
will have a right of first refusal on the second 0.5% NSR. The
Company also assumed the net smelter return royalty of the
underlying net smelter return agreement on the each of the
Targets.
For further details, please refer to the Company's news release
dated May 1, 2024.
_______________________________________
BULLETIN V2024-1956
DISTRICT COPPER CORP. ("DCOP")
BULLETIN TYPE:
Property-Asset or Share Purchase Agreement
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an agreement, dated
June 11, 2024 (the "Agreement"),
between the Company and arm's length party (the "Vendor"), whereby
the Company will acquire a 100% of the right, title, and interest
in and to three claims adjacent to the Company's existing Copper
Keg Project located approximately 55 kms west of Kamloops, BC (the "Claims").
By way of consideration, the Company will make cash payments
totaling up to $20,000 and will issue
up to 1,500,000 shares.
The Vendor will retain a 2.0% net smelter returns royalty (the
"Royalty") on the Claims. The Company may purchase 0.5% of the
Royalty purchasable for $1,000,000.
For further details, please refer to Company's news release
dated June 12, 2024.
_______________________________________
BULLETIN V2024-1957
E3 LITHIUM LTD. ("ETL")
BULLETIN TYPE:
Halt
BULLETIN DATE: June 26,
2024
TSX Venture Tier 1 Company
Effective at 6:31 a.m. PST,
June 26, 2024, trading in the shares
of the Company was halted pending news; this regulatory halt is
imposed by Investment Industry Regulatory Organization of
Canada, the Market Regulator of
the Exchange pursuant to the provisions of Section 10.9(1) of the
Universal Market Integrity Rules.
_______________________________________
BULLETIN V2024-1958
E3 LITHIUM LTD. ("ETL")
BULLETIN TYPE: Resume
Trading
BULLETIN DATE: June
26, 2024
TSX Venture Tier 1 Company
Effective at 8:45 a.m. PST,
June 26, 2024, shares of the Company
resumed trading, an announcement having been made.
_______________________________________
BULLETIN V2024-1959
FIRST ATLANTIC NICKEL CORP. ("FAN")
BULLETIN
TYPE: Private Placement-Non-Brokered
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
Financing
Type:
Non-Brokered Private Placement
Gross Proceeds:
$2,084,999.91
Offering:
|
9,928,571 Charity Flow-Through
Shares
|
Offering
Price:
|
$0.21 per Common
Share
|
Non-Cash
Commissions:
|
|
Shares
|
Warrants
|
|
|
|
|
|
Finders
|
0
|
0
|
Public Disclosure:
Refer to the company's news releases dated June 20, 2024.
_______________________________________
BULLETIN V2024-1960
FIRST NORDIC METALS CORP. ("FNM")
BULLETIN
TYPE: Warrant Price Amendment
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 2 Company
TSX Venture Exchange has consented to the reduction in the
exercise price of the following warrants:
Private Placement:
# of
Warrants:
3,075,833 on post-conversion of the exchange ratio
Expiry Date of
Warrants:
April 28, 2025
Original Exercise Price of Warrants:
$0.338 on post-conversion
of the exchange ratio
New Exercise Price of Warrants:
$0.29
These warrants were issued pursuant to Gold Line's private
placement of 8,333,334 shares with 4,166,667 share purchase
warrants (the "Gold Line Warrants") attached, which was accepted
for filing by the Exchange effective May 3,
2023. Pursuant to a Plan of Arrangement, as accepted for
filing by the Exchange effective February
26, 2024, the Company acquired Gold Line Resources Ltd.
("Gold Line"). An exchange ratio of 0.7382 was applied to the
outstanding Gold Line Warrants.
_______________________________________
BULLETIN V2024-1961
FIRST NORDIC METALS CORP. ("FNM")
BULLETIN
TYPE: Warrant Price Amendment
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 2 Company
TSX Venture Exchange has consented to the reduction in the
exercise price of the following warrants:
Private Placement:
# of
Warrants:
4,613,750 on post-conversion of the exchange ratio
Expiry Date of Warrants:
September 14,
2024
Original Exercise Price of Warrants:
$0.338 on
post-conversion of the exchange ratio
New Exercise Price of
Warrants:
$0.29
These warrants were issued pursuant to Gold Line's private
placement of 12,500,000 shares with 6,250,000 share purchase
warrants (the "Gold Line Warrants") attached, which was accepted
for filing by the Exchange effective September 21, 2022. Pursuant to a Plan of
Arrangement, as accepted for filing by the Exchange effective
February 26, 2024, the Company
acquired Gold Line Resources Ltd. ("Gold Line"). An exchange ratio
of 0.7382 was applied to the outstanding Gold Line Warrants.
_______________________________________
BULLETIN V2024-1962
GREEN SHIFT COMMODITIES LTD. ("GCOM")
BULLETIN
TYPE: Private Placement-Non-Brokered
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
Financing Type:
Brokered Private Placement
Gross
Proceeds:
$2,096,870
Offering:
|
41,937,400 Common
Shares with 41,937,400 warrants attached
|
Offering
Price:
Warrant Exercise
Terms:
|
$0.05 per Common
Share
$0.075 for a three year
period
|
Non-Cash
Commissions:
|
|
Shares
|
Warrants
|
|
|
|
|
|
Finders
|
0
|
567,000
|
Commission Terms:
|
Each non-transferable
warrant is exercisable to purchase one share at an
exercise price of $0.075 for a three-year period.
|
Public
Disclosure:
|
Refer to the company's
news releases dated April 24, 2024, June 10, 2024 and
June 24, 2024.
|
_______________________________________
BULLETIN V2024-1963
LIFEIST WELLNESS INC. ("LFST")
BULLETIN
TYPE: Resume Trading
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 1 Company
Effective at 5:00 a.m. PST,
June 26, 2024, shares of the Company
resumed trading, an announcement having been made.
_______________________________________
BULLETIN V2024-1964
MIDNIGHT SUN MINING CORP. ("MMA")
BULLETIN
TYPE: Warrant Term Extension
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 2 Company
TSX Venture Exchange has consented to the extension in the
expiry date of the following warrants:
Private Placement:
# of Warrants:
5,619,714
Original Expiry Date of
Warrants:
July 2, 2024
New Expiry Date of
Warrants:
July 2, 2025
Exercise Price of
Warrants:
$0.50
These warrants were issued pursuant to a private placement of
5,619,714 shares with 5,619,714 share purchase warrants attached,
which was accepted for filing by the Exchange effective
July 8, 2021.
_______________________________________
BULLETIN V2024-1965
NOBLE MINERAL EXPLORATION INC. ("NOB")
BULLETIN
TYPE: Property-Asset or Share Purchase Agreement
BULLETIN
DATE: June 26, 2024
TSX
Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in
relation to the Company's participation in a private placement
conducted by Homeland Nickel Inc. (formerly Spruce Ridge Resources
Ltd.) on December 21, 2023,
whereby the Company acquired a total of 1,500,000 units of Homeland
Nickel Inc. at a price of $0.05 per
unit for an aggregate amount of $75,000. Each unit consists of one common share
and one-half of a common share purchase warrant. Each whole common
share purchase warrant entitles the Company to acquire one common
share for $0.10 for a period of two
years after the closing of the private placement. For more
information, refer to the Company's news release dated June 11, 2024.
_______________________________________
BULLETIN V2024-1966
OMAI GOLD MINES CORP. ("OMG")
BULLETIN TYPE:
Private Placement – Brokered
BULLETIN DATE: June 26, 2024
TSX Venture Tier 2
Company
TSX Venture Exchange has accepted for filing documentation with
respect to a Brokered Private Placement announced May 30, 2024:
Number of
Shares:
108,333,333 shares
Purchase
Price:
$0.12 per share
Number of
Placees:
34 placees
Insider / Pro Group
Participation:
|
|
|
|
|
|
Placees
|
# of Placee
(s)
|
Aggregate # of
Shares
|
|
|
|
Aggregate Existing
Insider
Involvement:
|
N/A
|
N/A
|
Aggregate Pro Group
Involvement:
|
1
|
16,667
|
Agent's
Fee:
|
Paradigm Capital Inc. –
Cash $728,000, 6,066,666 Broker Warrants
Maison Placements Canada Inc. – Cash $81,900, 682,500 Broker
Warrants
Pollitt & Co. Inc. – Cash $54,600, 455,000 Broker Warrants
Velocity Trade Capital Ltd. – Cash $45,500, 379,167 Broker
Warrants
|
Warrants
Terms:
|
Each Broker Warrant
entitles the holder to purchase one common share at the price of
$0.12
for a 2-year period
|
The Company issued a news release on June
20, 2024 confirming closing of the private placement.
_______________________________________
BULLETIN V2024-1967
PHENOM RESOURCES CORP. ("PHNM")
BULLETIN
TYPE: Private Placement-Non-Brokered
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
Financing Type:
Non-Brokered Private
Placement
Gross Proceeds:
$1,237,500
Offering:
2,750,000 Listed Shares with 2,750,000 warrants attached
Offering
Price:
$0.45 per Listed Share
Warrant Exercise Terms:
$0.65 per Listed Share for a
three-year period
Non-Cash Commissions: N/A
Public Disclosure:
Refer to the company's news release(s) dated June 10, 2024 and June 21,
2024.
______________________________________
BULLETIN V2024-1968
RANCHERO GOLD CORP. ("RNCH")
BULLETIN TYPE:
Property-Asset or Share Disposition Agreement
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation
pertaining to an arm's length definitive assignments of rights
agreement dated January 17, 2024 (the
"Agreement"), between Minera y Metalurgia Paika, S.A. de C.V (the
"Subco"), a wholly owned subsidiary of Ranchero Gold Corp. (the
"Company") and Minas de Oro
Nacional, S.A. de C.V. (the "Purchaser"). Pursuant to the
Agreement, the Purchaser acquired a 100% interest in four mineral
licenses of the Subco, forming part of the Company's Santa Daniela mineral property located in
Sonora, Mexico (the
"Property").
Under the terms of the Agreement and as consideration, the
Purchaser paid the Company an aggregate cash consideration of
USD$2,550,000 to the Company. In
addition, the Purchaser may pay an additional USD$2,500,000 to the Subco, based on certain
mineral reserve targets on the Property (the "Additional
Payment").
Further, in connection with the disposition an arms-length
finder (the "Finder") received US$63,750 in cash and up to 2,589,231 common
shares of the Company. Additionally, if the Company receives the
Additional Payment, the Finder will receive an additional cash
finder's fee of US$62,500 and up to
2,777,500 common shares of the Company.
For further details, please refer to the Company's news releases
dated June 19, 2024, February 26, 2024, January
18, 2024 and December 27,
2023.
_______________________________________
BULLETIN V2024-1969
ROKMASTER RESOURCES CORP. ("RKR")
BULLETIN
TYPE: Property-Asset or Share Purchase
Agreement
BULLETIN DATE: June 26, 2024
TSX Venture Tier 2
Company
TSX Venture Exchange has accepted for filing documentation with
respect to the acquisition of a 60% interest in the Fox, Coconut
and Mystery Claims, located in West Central British Columbia from
an arm's length vendor (the Vendor). Consideration is
2,000,000 common shares, $142,500 in
exploration expenditures prior to September
18, 2024, and completion of 10,000 metres of diamond
drilling prior to June 28, 2028.
The remaining 40% interest may be acquired once the initial 60%
interest has been acquired for an additional 5,000,000 common
shares. Upon acquisition of the remaining 40% interest the
Company will grant the vendor a 1.5% NSR in respect of the Mystery
and Coconut claims.
The Fox claims have an existing underlying 2% NSR and the Vendor
has the right to buy back the entire NSR at any time at a price of
$500,000 per 0.5%. Should the Vendor
buy back the entirety of the NSR on or before the date of the
commencement of commercial production on the Fox claims, then the
Company would also grant the Vendor a 1% NSR. If the Vendor
does not exercise the buyback right, then the Vendor would transfer
it to the Issuer.
For further details, please refer to the Company's news releases
dated May 15, 2024 and June 13, 2024.
_______________________________________
BULLETIN V2024-1970
SILVER ONE RESOURCES INC. ("SVE")
BULLETIN
TYPE: Private Placement-Non-Brokered
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
Financing Type:
Non-Brokered Private
Placement
Gross Proceeds:
$5,907,758.64
Offering:
21,099,138 Listed Shares with 10,549,569 warrants attached.
Offering
Price:
$0.28 per Listed Share
Warrant Exercise Terms:
$0.40 per warrant for a three-year
period.
Non-Cash
Commissions:
Shares
Warrants
Finders
(Aggregate)
N/A
237,006
Commission Terms: Each non-transferable warrant is exercisable at
$0.40 for a three-year
period.
Public Disclosure:
Refer to the company's news release
dated June 13, 2024, and June 20, 2024.
_______________________________________
BULLETIN V2024-1971
SIMPLY SOLVENTLESS CONCENTRATES LTD.
("HASH")
BULLETIN TYPE: Resume
Trading
BULLETIN DATE: June
26, 2024
TSX Venture Tier 2 Company
Effective at 5:00 a.m. PST,
June 26, 2024, shares of the Company
resumed trading, an announcement having been made.
_______________________________________
BULLETIN V2024-1972
SKY GOLD CORP. ("SKYG")
BULLETIN TYPE:
Property-Asset or Share Disposition Agreement
BULLETIN
DATE: June 26,
2024
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing
documentation pertaining to a property option purchase agreement
(the "Agreement") dated April 30,
2024, between Sky Gold Corp. (the "Company"), and Delta
Resources Limited (the "Buyer") whereby the Company sold to the
Buyer 100% of the Company's right, title and interest under the
Company's Laurie and Horne option agreements, both dated
April 11, 2023 and amended on
April 4, 2024 (collectively, the
"Option Agreements"). This sale allowed the Buyer to acquire 100%
right, title, and interest in the mineral interests and mining
rights pertaining to the Laurie and Horne properties (the
"Properties"), subject to the terms and conditions outlined in the
Option Agreements.
Under the terms of the Agreement, the Buyer will take on all
remaining obligations except for the share issuance under the
Option Agreements. Additionally, the Buyer will assume the net
smelter return (NSR) royalty of the underlying NSR agreement on the
each of the Properties, whereby the original optionors retain a 2%
NSR, of which 1.0% can be repurchased for $0.5 million for a period of 5 years and the
remaining 1.0% can be repurchased for $2.5
million from years 6 to 10.
In consideration for this sale, the Buyer has issued the Company
1,400,000 shares of the Buyer and paid $75,000 at the closing.
The Company retains a 1% NSR royalty, with the Buyer having the
option to buy back half of the NSR royalty for $1,000,000.
The transaction is arm's length in nature, and no finder's fees
are payable.
For further details, please refer to the Company's news releases
dated May 1, 2024 and June 12, 2024.
_______________________________________
BULLETIN V2024-1973
THERMA BRIGHT INC. ("THRM")
BULLETIN TYPE:
Private Placement-Non-Brokered
BULLETIN DATE:
June 26, 2024
TSX Venture
Tier 2 Company
Financing Type:
Non-Brokered Private
Placement
Gross Proceeds:
$1,000,000
Offering:
100,000,000 Listed Shares with 50,000,000 warrants attached
Offering
Price:
$0.01 per Listed Share
Warrant Exercise Terms:
$0.05 per warrant for a 3-year
period
Public Disclosure:
Refer to the company's news release(s) dated June 21, 2024, June 10,
2024 and May 22, 2024.
_______________________________________
SOURCE TSX Venture Exchange