Mangazeya Mining Ltd. Announces That Its Subsidiary, 7918534 Canada Inc., Has Completed the Redemption of Its Exchangeable Shares
Retrieved on:
Wednesday, May 26, 2021
Toronto, Ontario--(Newsfile Corp. - May 25, 2021) - Mangazeya Mining Ltd. (TSXV: MGZ.H) ("Mangazeya" or the "Company") announces that its subsidiary, 7918534 Canada Inc. (the "Subsidiary"), has completed its previously announced redemption of its eligible issued and outstanding Exchangeable Shares.
Key Points:
- Toronto, Ontario--(Newsfile Corp. - May 25, 2021) - Mangazeya Mining Ltd. (TSXV: MGZ.H) ("Mangazeya" or the "Company") announces that its subsidiary, 7918534 Canada Inc. (the "Subsidiary"), has completed its previously announced redemption of its eligible issued and outstanding Exchangeable Shares.
- The eligible Exchangeable Shares were redeemed at a price of $0.04 per Exchangeable Share for an aggregate redemption price of CAD $5,968.16.
- The completed redemption of Exchangeable Shares fulfills the Subsidiary's obligation to complete the automatic redemption of such shares in accordance with their terms.
- Mangazeya Mining Ltd. is a NEX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation.