Multilateral

TRILLION ENERGY ANNOUNCES DEBT SETTLEMENT

Retrieved on: 
Friday, February 2, 2024
Multilateral, Debt settlement, Share (finance), Minority, Bank

Vancouver, B.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), an oil and natural gas producer in Turkey, announces that it has issued 3,180,000 common shares (each, a "Share") of the Company at a deemed price of $0.20 per Share in settlement of a bona fide debt of $636,000 owed by the Company to its Chief Executive Officer, Arthur Halleran for $546,000, and two directors of the Company for the balance, namely David Thompson and Sean Stofer (the "Debt Settlement").

Key Points: 
  • Vancouver, B.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), an oil and natural gas producer in Turkey, announces that it has issued 3,180,000 common shares (each, a "Share") of the Company at a deemed price of $0.20 per Share in settlement of a bona fide debt of $636,000 owed by the Company to its Chief Executive Officer, Arthur Halleran for $546,000, and two directors of the Company for the balance, namely David Thompson and Sean Stofer (the "Debt Settlement").
  • The Shares are subject to a statutory hold period expiring four months and one day after closing of the Debt Settlement.
  • The Debt Settlement with 2476393 Alberta Ltd., a company wholly owned by Arthur Halleran, Chief Executive Officer and a director of the Company, David Thompson and Sean Stofer, directors of the Company (the "Insider Settlement"), is considered a “related-party transaction” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
  • I’m all in on Trillion Energy for the long term.”

FORZA LITHIUM AND PLANET GREEN METALS ANNOUNCE MERGER ON A 1:1 SHARE EXCHANGE BASIS

Retrieved on: 
Wednesday, January 31, 2024
Lithium, Mining, News, Society, Transaction, Corporation, BHP, BBA, Rio Tinto, Knowledge, PDAC, Destination America, CPA, NSR, MPH, University, Property, Vendor, Cell, Voting, Agreement, FZ, Metal, CGA, Minority, National instrument, National Instrument 43-101, CFO, Multilateral, OGS, Disclosure, Lidar, Bank statement

Forza Lithium will acquire the Property as a result of the Transaction, as a second lithium property, in addition to its Jeanette Property.

Key Points: 
  • Forza Lithium will acquire the Property as a result of the Transaction, as a second lithium property, in addition to its Jeanette Property.
  • For greater certainty, the Vendors will receive one (1) Payment Share for each one (1) Planet Green Share held.
  • The Company will also be changing its name to “Planet Green Metals Inc.” in conjunction with the completion of the Transaction.
  • Forward Looking Plans – Planet Green Metals Ltd.:
    Subsequent to exchange approval of the proposed merger transaction, Planet Green Metals will initiate its strategic exploration business plan to become the preeminent Project Incubator/Project Generator and Royalty (NSR) Holder, for Battery Metals (Lithium-Graphite-Nickel-Cobalt), Critical Minerals (Copper-Zinc-PGM Metals-Uranium) and Precious Metals (Gold-Silver).

MineHub Upsizes Financing to $4 Million

Retrieved on: 
Monday, January 29, 2024
Private, Consolidation, Risk, Private placement, Person, Policy, Sale, Indian stock exchange, Offering, Minority, TSX Venture Exchange, Multilateral, Unit, CAD, News, Security (finance)

The closing of the Offering is subject to the Company's receipt of TSXV approval for the Offering.

Key Points: 
  • The closing of the Offering is subject to the Company's receipt of TSXV approval for the Offering.
  • The Company may pay finder's fees and grant finder's warrants under the Offering as permitted by TSXV policy and applicable securities laws.
  • All securities issued under the Offering will have a hold period of four months and a day from the date of issuance.
  • For further information regarding MineHub, please email [email protected] or visit our website at www.minehub.com .

Rio2 Limited Announces Certain Directors and Employees to Receive Shares in Lieu of Salaries

Retrieved on: 
Monday, January 29, 2024
Share (finance), Security, Minority, TSX Venture Exchange, Multilateral, BVL

VANCOUVER, British Columbia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces that the Company has entered into shares for services agreements (collectively, the “Shares for Services Agreements”) with certain directors and employees.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces that the Company has entered into shares for services agreements (collectively, the “Shares for Services Agreements”) with certain directors and employees.
  • The total value of the Security Based Compensation that the ‎Company intends to issue is up to $750,000.
  • Alex Black, Kathryn Johnson, Klaus Zeitler, Andrew Cox, Ram Ramachandran, Sidney Robinson, Drago Kisic, and Albrecht Schneider ‎are ‎currently directors and/or officers of the Company.
  • Each issuance of common shares to such directors or officers constitutes a “related party transaction” within the meaning of Multilateral Instrument 61¬101 - ‎Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

Latin Metals Announces Private Placement for Gross Proceeds up to $0.7 Million

Retrieved on: 
Friday, January 26, 2024
Person, LMS, Metal, Sale, Funding, Minority, TSX Venture Exchange, Multilateral, News, Security (finance)

VANCOUVER, British Columbia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) announces a non-brokered private placement for gross proceeds of up to $0.7 million.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) announces a non-brokered private placement for gross proceeds of up to $0.7 million.
  • The Company announces a non-brokered private placement (the “Financing”) of up to 10,000,000 units (each, a “Unit”) for a subscription price of $0.07 per Unit, to raise total gross proceeds of up to $0.7 million.
  • Certain directors and officers of the Company are expected to subscribe for approximately 4,300,000 Units under the Financing (for gross proceeds of $301,000).
  • The proceeds of the Financing are intended to fund ongoing exploration, generative work, and for general working capital.

POET Technologies Announces Closing of C$6.2 Million Non-Brokered Private Placement of Units and Reports Preliminary Unaudited Fiscal Fourth Quarter and Fiscal Year 2024 Results

Retrieved on: 
Thursday, January 25, 2024
Unit, AI, Warrant, PTK, Indian stock exchange, Offering, Minority, POET, TSX Venture Exchange, Multilateral, Security (finance)

The Offering remains subject to final acceptance of the TSX Venture Exchange ("TSXV").

Key Points: 
  • The Offering remains subject to final acceptance of the TSX Venture Exchange ("TSXV").
  • Certain officers and directors of the Corporation have subscribed for an aggregate of 358,583 Units under the Offering for gross proceeds of approximately C$437,471 (US$322,725).
  • The Corporation is providing preliminary financial data in advance of its expected annual reporting on or before March 30, 2024.
  • Preliminary financial data on an unaudited basis as of December 31, 2023 are as follows (all amounts are approximate and stated in U.S. dollars):

MINILUXE ANNOUNCES CLOSING OF SECOND TRANCHE OF CONVERTIBLE NOTE FINANCING

Retrieved on: 
Tuesday, January 23, 2024
Person, Offering, CDN, Minority, USD, Regulation, Multilateral, TSX Venture Exchange, News, Security (finance)

Boston, MA, Jan. 22, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) ("MiniLuxe" or the "Company") is pleased to announce the final second closing of a non-brokered convertible debenture unit offering (the "Offering"), for gross proceeds of approximately USD$1,250,000, and aggregate gross proceeds of over USD$3,800,000 cumulatively across both tranches. For more details regarding the Offering please see the Company’s press releases dated November 30, 2023, and December 22, 2023.

Key Points: 
  • For more details regarding the Offering please see the Company’s press releases dated November 30, 2023, and December 22, 2023.
  • The second tranche of the Offering resulted in the issuance of 1250 units of the Company (each, a "Unit" and collectively the "Units") at a price of $1,000 USD per Unit, and on the same terms as the first tranche.
  • Further details will be included in a material change report that will be filed by the Company in connection with the completion of the closing of the second tranche of the Offering.
  • Completion of the Offering is subject to the satisfaction of customary closing conditions, including the approval of the TSX Venture Exchange.

ARCPOINT ANNOUNCES CLOSING OF US$1.1 MILLION NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Tuesday, January 23, 2024
ARC, Person, Sale, Offering, Minority, TSX Venture Exchange, Multilateral, Interest, Security (finance)

Greenville, South Carolina, Jan. 22, 2024 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”) for gross proceeds of US$1,100,000, through the sale of 11,000,000 Class A subordinate voting shares of the Company (each, a “Share”) at a price of US$0.10 per Share.

Key Points: 
  • The net proceeds from the Offering will be used for operational expenses and other general corporate purposes.
  • Certain insiders of the Company (the “Interested Parties”) purchased or acquired direction or control over a total of 4,000,000 Shares as part of the Offering.
  • The placement to those persons constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
  • The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of Interested Parties had not been confirmed at that time.

Prime Drink Group Corp. Enters Into Binding Letter of Intent To Acquire Triani Canada Inc.

Retrieved on: 
Monday, January 22, 2024
Legislation, Issuer, Sale, LOI, Multilateral, Letter, Consideration, Growth, IP, Transaction, Prospectus, Marketing, Name, Canadian Securities Exchange, Innovation, Exercise, Concurrency, Octane, Consolidation, Alcoholism, Adjustment, Branding, Minority, Intellectual property, News, Security (finance)

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).

Key Points: 
  • MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).
  • Founded in 2015, Triani experienced solid growth following the company’s successful foray into Québec grocery stores with its Cantini, Ettaro, and Enjoy wine brands.
  • Triani produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products under the Hickson brand.
  • There can be no assurance that the trading of Prime Shares will resume prior to the completion of the Proposed Transaction.

ProStar Announces Convertible Debenture Financing and Warrant Repricing

Retrieved on: 
Wednesday, January 17, 2024
Private, Finance Secretary (India), Conversion, Indian stock exchange, Debt, Offering, Minority, TSX Venture Exchange, Multilateral, Exercise, Security (finance)

GRAND JUNCTION, Colo., Jan. 17, 2024 (GLOBE NEWSWIRE) -- ProStar Holdings Inc. (“ProStar®” or the “the Company”) (TSXV: MAPS) ( OTCQB: MAPPF ) a world leader in Precision Mapping Solutions®, is pleased to announce that the Company intends to complete a non-brokered private placement of convertible debentures of the Company (each, a “Convertible Debenture”) in the principal amount of up to US$3,000,000 (the “Offering”).

Key Points: 
  • Each Convertible Debenture will bear interest at a rate of 10% per annum, calculated and compounding annually, and mature four (4) years following the date of issuance (the “Maturity Date”).
  • The principal amount of each Convertible Debenture (the “Principal Amount”) will be convertible into units of the Company (each a “Unit”) at a conversion price of C$0.30 per Unit (the “Conversion Price”) at the option of the holder of a Convertible Debenture (“Debenture Holder”) at any time prior to the Maturity Date.
  • Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”).
  • Each full Warrant will entitle the holder thereof to purchase one common share of the Company (a “Warrant Share”) at a price of C$0.30 per Common Share for a period of twelve (12) months from the date of issuance thereof (the “Warrant Expiry Date”).