Multilateral

Bunker Hill Announces Election to Issue Shares in Satisfaction of Debenture Interest Payment Obligations

Retrieved on:

Friday, December 22, 2023

TSX Venture Exchange, Multilateral, News, USD, Indian stock exchange, Security (finance)

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR; OTCQB: BHILL) announces that it has elected to issue an aggregate of 7,392,859 shares of common stock of the Company (the “Interest Shares”) to certain holders of 7.5% convertible debentures (the “Series 1 Convertible Debentures”) and 10.5% convertible debentures (the “Series 2 Convertible Debentures” and, together with the Series 1 Convertible Debentures, the “Convertible Debentures”) in full satisfaction of the interest payable thereunder as of December 31, 2023 in the aggregate amount of USD$517,500 (the “Interest Payment”).

Key Points:

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR; OTCQB: BHILL) announces that it has elected to issue an aggregate of 7,392,859 shares of common stock of the Company (the “Interest Shares”) to certain holders of 7.5% convertible debentures (the “Series 1 Convertible Debentures”) and 10.5% convertible debentures (the “Series 2 Convertible Debentures” and, together with the Series 1 Convertible Debentures, the “Convertible Debentures”) in full satisfaction of the interest payable thereunder as of December 31, 2023 in the aggregate amount of USD$517,500 (the “Interest Payment”).
The Convertible Debentures mature on March 31, 2026.
The Company will rely on exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the Interest Shares to be issued to Sprott Streaming, nor the consideration received for such Interest Shares, will exceed 25% of the Company’s market capitalization.
The Company did not file a material change report more than 21 days prior to the election to issue the Interest Shares as the Pricing Period only ended yesterday on December 21, 2023.

HEALWELL AI Closes Upsized $11.5 Million Bought Deal Offering, Including Full Exercise of Over-Allotment Option

Retrieved on:

Friday, December 22, 2023

Regulation, PI, Sale, NOT, Person, Disease, WIRE, Multilateral, News, AIDX, Prospectus, NEWS, TSX, Minority, Exercise, Offering, Data science, Security (finance)

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- HEALWELL AI Inc. (“HEALWELL” or the “Company”) (TSX: AIDX) is pleased to announce that it has closed its previously announced “bought deal” public offering, including the exercise in full of the Underwriters’ (as defined below) over-allotment option, and issued 14,375,000 units of the Company (the “Units”) at a price of $0.80 per Unit, for aggregate gross proceeds of $11,500,000 (the “Offering”).

Key Points:

Dr. Alex Dobranowski, CEO of HEALWELL commented on the financing, "We are grateful for the continued support of our dedicated shareholders and welcome new investors to HEALWELL.
With cutting-edge AI and data science technology, we are committed to pioneering solutions that play a pivotal role in patient outcomes.
Further information regarding the Offering will be provided in a material change report to be filed by the Company.
persons” shall have the meaning given to them in Regulation S under the U.S. Securities Act.

Dundee Precious Metals Announces Acquisition of Osino

Retrieved on:

Monday, December 18, 2023

Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company.

Key Points:

Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company.
David Rae, President and Chief Executive Officer of Dundee Precious Metals, made the following comments in relation to the Osino acquisition:
“Twin Hills represents a unique opportunity to add a high-quality development asset in an excellent mining jurisdiction to our portfolio.
The Board of Directors of Osino (the “Osino Board”) appointed a special committee of independent directors (the “Special Committee”) to consider and make a recommendation to the Osino Board with respect to the Transaction.
Accordingly, the Osino Board and the Special Committee recommend that Osino shareholders vote in favour of the Transaction.

BetterLife Announces Closing of a Private Placement

Retrieved on:

Monday, December 18, 2023

Multilateral, Unit, DSM-IV codes, Offering, Security (finance)

Each warrant entitles the holder thereof to acquire one common share at an exercise price of $0.10 at any time up to 24 months from the closing of the Offering.

Key Points:

Each warrant entitles the holder thereof to acquire one common share at an exercise price of $0.10 at any time up to 24 months from the closing of the Offering.
The Units sold pursuant to the Offering will be subject to a four month hold period pursuant to applicable Canadian securities laws.
Dr. Ahmad Doroudian, Chief Executive Officer of the Company, subscribed for a total of 1,000,000 Units under the Offering.
The participation of Dr. Doroudian in the private placement constituted a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101“).

Alpha Lithium Shareholders Approve the Privatization of Alpha Lithium by Tecpetrol

Retrieved on:

Friday, December 15, 2023

Lithium, Odyssey, NEO, Consideration, Circular, Acquisition, German, Multilateral, News, Amalgamation, Letter, Proxy, Meeting, Privatization, Minority, OTC, NEO Exchange, Security (finance)

VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha”) is pleased to announce that, at the special meeting (the “Meeting”) of holders of common shares of Alpha (“Alpha Shareholders”) held earlier today, Alpha Shareholders approved the privatization of Alpha pursuant to the amalgamation (the “Amalgamation”) of Alpha and 1446978 B.C.

Key Points:

VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha”) is pleased to announce that, at the special meeting (the “Meeting”) of holders of common shares of Alpha (“Alpha Shareholders”) held earlier today, Alpha Shareholders approved the privatization of Alpha pursuant to the amalgamation (the “Amalgamation”) of Alpha and 1446978 B.C.
The amalgamated company resulting from the Amalgamation will be known as “Alpha Lithium Corporation” (“Amalco”).
The Consideration is the same form and same amount of consideration offered to Alpha Shareholders under the Offer.
Alpha Shareholders who hold their Alpha Shares through an investment advisor, broker, bank, trust company, custodian, nominee or other intermediary must contact such intermediary for instructions and assistance in exchanging their Alpha Shares for the Consideration.

Madison Metals Closes Fully Subscribed Private Placement For $500,000 Comprised of $460,000 Cash and $40,000 Debt and Announces Option Grant

Retrieved on:

Monday, December 11, 2023

Private, CDN, Indian stock exchange, Multilateral, Related, Common, Unit, Minority, Security (finance)

Proceeds from the Private Placement will be used for exploration on the Company’s properties and for general working capital.

Key Points:

Proceeds from the Private Placement will be used for exploration on the Company’s properties and for general working capital.
All securities issued pursuant to the Private Placement and the shares for debt transactions described above will be subject to a four-month and one-day hold period.
The Company also wishes to announce that it intends, subject to board approval, to grant stock options exercisable for 100,000 Common Shares to a consultant of the Company.
The options will vest immediately and will be exercisable for a period of five years following the grant date at an exercise price of $0.49.

StorageVault Completes the Purchase of Two Storage Assets

Retrieved on:

Friday, December 8, 2023

Mergers and acquisitions, Hand, Acquisition, Access, Multilateral, Minority

TORONTO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has completed the acquisition of two of the stores announced on November 6, 2023 for an aggregate purchase price of $49,135,000 (the “Acquisitions”).

Key Points:

TORONTO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has completed the acquisition of two of the stores announced on November 6, 2023 for an aggregate purchase price of $49,135,000 (the “Acquisitions”).
One of the of the Acquisitions is arm’s length and one is a related party acquisition (the “Related Party ‎Acquisition”) with Access Self Storage Inc. (“Access”) as the Vendor.‎
The aggregate purchase price of the Acquisitions of $49,135,000, subject to customary adjustments, was paid with mortgage financing and funds on hand.
As Access is a non-arm’s length party to StorageVault, the Related Party Acquisition is considered a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
StorageVault is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101, in respect of the Related Party Acquisition, pursuant to Section 5.5(a) and Section 5.7(1)(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101.

Pulse Oil Corp. Announces Rights Offering to raise $4,156,000 and Provides Operations Update

Retrieved on:

Friday, December 8, 2023

If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.

Key Points:

If the Rights are fully exercised, the Rights Offering will raise gross proceeds of $4,156,000.
The Rights Offering is not subject to the related party rules under MI 61-101 based on a prescribed exception related to rights offerings.
Pulse understands that certain directors and officers of Pulse who own Common Shares may intend to exercise their rights to purchase Common Shares under the Rights Offering.
Complete details of the Rights Offering are set out in the Circular and the rights offering notice (the ‎‎“Notice”), which are filed under Pulse’s profile at www.sedarplus.ca .

Cielo Announces up to $6 Million Proposed Non-Brokered Private Placement of Flow-Through Shares

Retrieved on:

Thursday, December 7, 2023

Private, TSX Venture Exchange, Sale, CRCE, Income Tax Act, CMC, Private placement, Multilateral, Legislation, NEWS, Minority, Exchange, Security (finance)

CALGARY, Alberta, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it is proposing to complete a flow-through private placement on a non-brokered basis (the "Private Placement"). The Company intends to raise up to $6 million in gross proceeds by issuing up to 150,000,000 flow-through shares (the "FT Shares") at a price of $0.04 per FT Share.

Key Points:

CALGARY, Alberta, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it is proposing to complete a flow-through private placement on a non-brokered basis (the "Private Placement").
The Company intends to raise up to $6 million in gross proceeds by issuing up to 150,000,000 flow-through shares (the "FT Shares") at a price of $0.04 per FT Share.
The purpose of the Private Placement is to advance Cielo’s first commercial waste-to-fuels facility in Carseland, Alberta (the “Carseland Project”), which will utilize the recently acquired EGTLTM technology under exclusive license to Cielo.
It is anticipated that the closing of the Private Placement will occur in one or more tranches on or before December 31, 2023.

ATHA Energy Announces Proposed Acquisition of 92 Energy and Latitude Uranium and Concurrent $14 Million Financing to Create Leading Uranium Exploration Company

Retrieved on:

Thursday, December 7, 2023

VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) -- ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA”) is pleased to announce that it has: (i) entered into a definitive arrangement agreement (the “Latitude Arrangement Agreement”) with Latitude Uranium Inc. (CSE: LUR) (“Latitude”) pursuant to which ATHA proposes to acquire all of the issued and outstanding common shares of Latitude (the “Latitude Shares”) by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “Latitude Arrangement”); and (ii) entered into a binding scheme implementation deed (the “92E SID”) with 92 Energy Limited (ASX: 92E) (“92E”) pursuant to which ATHA proposes to acquire all of the issued and outstanding fully paid ordinary shares of 92E (the “92E Shares”) by way of a scheme of arrangement pursuant to Part 5.1 of the Australian Corporations Act 2001 (Cth) (the “92E Scheme”, and together with the Latitude Arrangement, the “Transactions”). ATHA further proposes to complete one or more financings on terms further described below to raise up to approximately C$14 million in connection with the Transactions (the “Concurrent Financing”).

Key Points:

The combined company will be fully funded with $55 million4 in cash and boasts a suite of highly complementary uranium assets across the exploration spectrum.
The combined company will have increased scale and prospectivity and we believe it will be a go-to name in the uranium exploration industry."
The Latitude Exchange Ratio was determined giving consideration to recent average trading prices for each of Latitude and ATHA.
The Latitude Arrangement Agreement also provides for customary deal-protection measures, including a $1,887,357 termination fee payable by Latitude or ATHA in certain circumstances.