Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("Coloured Ties" or the "Company") provides the following corporate update on its TSX-50 top 50 selection and on its investment holdings:
As of February 17, 2023, material investment holdings for the Company in the lithium mineral exploration field include the following investments:
| AZIMUT EXPL INC | 1,743,300.00 | |
| https://azimut-exploration.com/wp-content/uploads/2023/01/azimut-pr-20230123.pdf | ||
| MANNING VENTURES INC | 7,767,000.00 | |
| https://manning-ventures.com/bounty-lithium/ | ||
| PATRIOT BATTERY METALS INC | 1,857,200.00 | |
| https://patriotbatterymetals.com | ||
| POWER METALS CORP | 3,006,500.00 | |
| https://powermetalscorp.com | ||
| ROCKLAND RES LTD | 3,100,000.00 | |
| https://www.rocklandresources.com | ||
| SUPERIOR MNG INTL CORP | 60,000.00 | |
| https://superiormininginternational.com/news-releases/superior-mining-international-corp-options-vieux-comptoir-lithium-property-in-prolific-james-bay-region-quebec/ Superior Mining has an Option on the Company's subsidiary's Quebec Pegmatite's Vieux Comptoir Property to earn 100% interest by issuing up to 14,000,000 Superior Mining Shares | ||
| WINSOME RES LTD | 83,000.00 | |
| https://winsomeresources.com.au |
subject to meeting all customary closing conditions, including final approval from the TSXV.
The values of the Company's holdings listed above are subject to audit. The Company holds other value holdings in public and private companies and cash that will be published in its audited financial statements.
The Company reports that it is advancing exploration programs on it's lithium projects within Quebec Pegmatite Corporation, a subsidiary of the Company and will provide updates as they progress.
Coloured Ties also reports that it is in discussions to complete proposed acquisitions of assets that may require additional capital. The proposed asset acquisitions are in the early stage of discussion and there is no guarantee any transaction will be completed. However, in the event the Company intends to proceed with an asset transaction, additional capital may be required, and the Company intends to position itself to be able to complete public offerings if needed. Any public offerings will be subject to the market conditions, the anticipated acquisition and careful consideration by the Company of the implications of the dilutive nature of a public offering.
TSX Venture 50
The Company is pleased to announce it has qualified for the 2023 TSX Venture 50, a ranking of the top performers on the TSX Venture Exchange over the last year.
Further, Coloured Ties Capital was appointed one of the top performing company in the Diversified Industries sector as the TSX 50 selection.
The 2023 TSX Venture 50 is an annual program showcasing the top 10 performers from 5 industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. Top performing companies were selected based on year-over-year performance across 3 equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2022. For the full list visit: 2023 TSX Venture 50.
"Year 2022 was a pivotal year for the Company and we were fortunate to position early into the lithium exploration sector with a significant early investment into Patriot Battery Metals and others in the lithium sector. Over 2022, The Company has become intimately involved in the James Bay Region lithium exploration field and has amassed an excellent exploration ground portfolio inside our subsidiary Quebec Pegmatite. We are also significant shareholders in Hertz Lithium, which aims to list on the CSE in spring 2023. In the coming year, we will look to monetize these investments and leverage the returns into other emerging early stage investments in the mining and technology sectors," stated Kal Malhi, CEO.
A brief video on Coloured Ties Capital produced by the TMX Group, can be found at Coloured Ties Capitalhttps://www.colouredtiescapital.com or
TMX V50 https://money.tmx.com/en/venture50
Seeking Additional Investment Opportunities
The Company is currently seeking additional investment opportunities in the mineral exploration sector for uranium, gold, gas and oil in Europe and also in leading edge technology opportunities. Entrepreneurs and organizations seeking a partnership in these sectors are encouraged to contact the Company with a brief summary of the projects for review.
About Coloured Ties Capital Inc
Coloured Ties Capital is a TSX-V listed issuer that invests in early stage commercial ventures and provides investee companies with capital market access and advisory services. The Company offers investors an opportunity to participate in early stage opportunities that are often only offered to high net worth or institutional investors via investment in the Company's common shares listed on the TSX Venture Exchange under symbol TIE.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@colouredtiescapital.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Approval of the Option Agreement is subject to a number of conditions, including but not limited to, TSXV approval. There can be no assurance that the Option Agreement will be approved as proposed or at all. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155591
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that, further to its news release on December 7, 2022, it has obtained conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the option agreement, as amended on January 16, 2023, (the "Option Agreement") entered into between Quebec Pegmatite Corporation ("QPC"), a majority-owned subsidiary of the Company, and Superior Mining International Corporation ("Superior"), whereby Superior has the option to earn a 100% interest in the Vieux Comptoir Lithium Property (the "Property"). Superior has made the initial deposit of $7,500 and confirmed it intends to exercise its Option.
Under the terms of the Option Agreement, Superior may exercise the option to acquire 100% interest in the Property upon the issuance to QPC of the following share issuances:
7,000,000 common shares of Superior (the "Superior Shares") upon receipt of approval of the TSXV;
3,500,000 Superior Shares payable on the one year anniversary of the Option Agreement; and
3,500,000 Superior Shares payable on the eighteen month anniversary of the Option Agreement.
The Option Agreement remains subject to the final approval of the TSXV, including the receipt from Superior of a National Instrument 43-101 technical report in respect of the Property by February 28, 2023. Pursuant to the terms of the Option Agreement, in the event Superior exercises its option in full and acquires the Property, Superior shall grant QPC a 3.0% net smelter return royalty (the "NSR Royalty") and the NSR Royalty may be reduced to 1.5% upon Superior making a cash payment of $3,000,000 to QPC.
Issuance of Option Grants
The Company is pleased to announce that it has granted an aggregate of 250,000 options (the "Options") to a consultant of the Company pursuant to the Company's stock option plan dated for reference August 18, 2022 (the "Plan"). The Plan was approved by the shareholders of the Company on September 23, 2022. The Options shall vest immediately. The Options are subject to the terms of the Plan.
Substantial Issuer Bid
Further to the Company's news release on January 18, 2023, the Company confirms it has taken up and purchased for cancellation a total of 5,192,307 common shares ("Shares") at a price of $0.65 per Share pursuant to its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $3.375 million. After giving effect to the SIB, the Company will have 16,919,552 Shares issued and outstanding. Shareholders who have tendered their Shares pursuant to the SIB can expect payment for the Shares by January 27, 2023 in accordance with the terms of the SIB as set out in the SIB circular.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
Shelf Prospectus
The Company filed a Notice of Intention to be Qualified Under National Instrument 44-101, Short form Prospectus Distributions.
The Company is an investment issuer and may from time to time require capital to make investments or fulfil commitments associated with investee companies or projects. As such the Company intends to qualify for short form distributions to capitalize on possible fund raising to capture opportunities that provide shareholder value. In addition the Company may require the flexibility to issue shares pursuant to a prospectus in connection with acquisition and or investments. Acquisition discussions are at an early stage and may not be completed on the terms currently contemplated or at all. Management of the Company is aware of the dilution associated with any financing activity and intends only to raise additional capital if required in the execution of its investment plan, in context of the market, the net asset value of the Company and if it serves to enhance shareholder value.
Patriot Battery Metals Holdings and other Lithium Holdings Update
Coloured Ties is pleased to report that as of January 26, 2023, it holds 1,936,200 shares of Patriot Battery Metals which traded as high as $13.50 per share.
Azimut Exploration Inc 937,200 shares at average cost of $1.021 per share
Power Metals Inc 3,006,500 shares at average cost of $0.333 per share
Star Peak Mining 469,000 shares at an average cost of $0.785 per share
Winsome Resources 83,000 shares at average cost of $1.729 per share
The values above are based on trading data on the TSXV Exchange. The company holds other smaller value holdings in public and private companies and cash that will be published in audited financial statements.
Seeking Investment in Uranium, Gold and Technology Opportunities
Coloured Ties Capital is currently seeking additional investment opportunities in the uranium and gold exploration projects and leading edge technology sectors. Entrepreneurs and organizations seeking a partnerships in these sectors are encouraged to contact the Company with a brief summary of the projects or review.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Approval of the Option Agreement is subject to a number of conditions, including but not limited to, TSXV approval. There can be no assurance that the Option Agreement will be approved as proposed or at all. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152662
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") today announced today that it has taken up and purchased for cancellation a total of 5,192,307 common shares ("Shares") at a price of $0.65 per Share under its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $3.375 million. The Shares purchased represent approximately 23.5% of the total number of the Company's issued and outstanding Shares at the time the SIB was announced in October 2022. After giving effect to the SIB, the Company will have 16,919,552 Shares issued and outstanding.
Payment for the Shares accepted for purchase under the SIB will be effected by Computershare by January 27, 2023 in accordance with the SIB and applicable law
An aggregate of approximately six million Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the purchase price and purchase price tenders.
The full details of the SIB are described in the offer to purchase and issuer bid circular dated December 2, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151683
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") is pleased to provide the following update on the Company's lithium portfolio.
Quebec Pegmatite Corporation Holds Corvette Lithium District and Mazerac Lithium District Claims in Quebec
Quebec Pegmatite Corporation ("QPC"), a subsidiary of the Company, currently holds Quebec MERN mineral claims prospective for lithium in Quebec at their Vieux Comptoir Lithium Project and the Mazerac Lithium Project.
Vieux Comptoir Lithium Project is located between the Corvette Property of Patriot Battery Metal Inc. ("Patriot Battery") and the Adina Project of Winsome Resources Ltd. ("Winsome Resources"). The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective James Bay region. The Vieux Comptoir Lithium Project is adjacent to established lithium pegmatite occurrences and active successful projects:
The Vieux Comptoir Lithium Project is located approximately 35 km from the nearest road and airstrip with property access by float plane or helicopter.
Corvette Property - Patriot Battery (TSXV: PMET)
Patriot Battery's Corvette Property is reported to be a large lithium discovery in James Bay region of Quebec.
On December 13, 2022, Patriot Battery reported an update on their Corvette Lithium Project:
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSXV: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce core assay results for twelve (12) additional drill holes (CV22-046, 055, and 057 through 066) from its 2022 drill campaign at its wholly owned Corvette Property (the "Property"), located in the James Bay Region of Quebec. The primary drill area is focused at the CV5 Pegmatite, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.
Blair Way, Company President, CEO and Director, comments:
"The Corvette Property continues to deliver with these latest assay results, which include some of our highest grades to date. In addition, the strike length of the CV5 Pegmatite system remains open in all directions with wide widths and strong grades encountered along its currently defined 2.2 km length. I am happy to be back on track with regular news releases of our assay results from the summer-fall drill program. With 38 holes yet to be received from the lab, and re-commencement of drilling in January, we will have continuous news flow on the Property for some time."
(https://patriotbatterymetals.com/patriot-drills-113-4-m-of-1-61-li2o-including-2-0-m-of-6-41-li2o-at-the-cv5-pegmatite-corvette-property-quebec/)
Adina Project -Winsome (ASX:WR1)
On January 6, 2023, Winsome provided an update on its Adina Project with respect to its initial assay results from its drill hole AD-22-005. The intial assay results confirm the following significant lithium intercepts in drill hole AD-22-005:
Winsome Resources Managing Director, Chris Evans said:
"It is fantastic to see these impressive levels of lithium mineralisation in drill hole AD-22-005 which provide proof of the Company's previous visual estimates of mineralisation. Having an average of 1.34% Li2O for over 100m of pegmatite from surface speaks of a world-class lithium project and paves the way for the much expanded drill program we now have planned at Adina. It is also very encouraging for the other impressive pegmatite intersections and visual estimates from drilling of subsequent holes up until the Christmas break. We look forward to releasing these assays to the market as soon as they become available."
(https://winsomeresources.com.au/investors-asx-releases/)
Quebect Pegmatite Corporation Receives Conditional Approval for the Option of its Vieux Comptoir Lithium Project to Superior Mining International Inc.
On December 7, 2022, Quebec Pegmatite Corporation, a subsidiary of the Company announced that it entered into an option agreement (the "Option Agreement") with Superior Mining International Corporation ("Superior"), whereby Superior has the option (the "Option") to earn a 100% interest in the Vieux Comptoir Lithium Property in certain circumstances.
Under the terms of the Option Agreement, Superior may exercise the option to acquire 100% interest in the Property upon the issuance to QPC of the following share issuances:
The Option Agreement remains subject to the approval of the TSX Venture Exchange.
On January 5, 2023, the Company received conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the Option Agreement. Closing of the Option is subject to meeting all customary closing conditions, including final approval from the TSXV.
Summary of Mazerac Lithium Project
On July 25, 2022, Coloured Ties reported that the Company had acquired 108 mineral claims, covering 55 square kilometers in the Cadillac-Pontiac region, about 50 km southwest of Val-d'Or. The claims are immediately adjacent to claims currently held by Winsome Resources and Vision Lithium Inc., a TSXV listed Lithium explorer. The Mazérac claims are accessible by a dense network of trails and other logging roads. The area also accessible through boat or seaplane within watershed of Decelles water reservoir, hosting the Rapid-7 hydroelectric dam of Decelles.
The general area has recently attracted many lithium prospecting and exploration companies such as Brunswick Exploration Inc. (TSXV: BRW), High Tide Resources Corp. (CSE: HTRC), Medaro Mining Corp. (CSE: MEDA), NeoTerrex Corporation (private company), Renforth Resources Inc. (CSE: RFR), Sayona Mining Limited (ASX:SYA), Vision Lithium Inc. (TSXV: VLI), and Winsome Resources.
The Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. The latest discovery of high-grade lithium prospects by Vision Lithium Inc, spurred several other exploration and drill programs within the Cadillac area. Since December 2021, approximately 4000 new claims have been registered in the greater Mazerac area and the Pontiac Sub province region, south of Val-d'Or and Rouyn-Noranda.
Other Lithium Portfolio
CTI holds the following investments in the Company's lithium portfolio aside from its 10,000,000 shares of Quebec Pegmatite Corporation:
Recently, Winsome Resources acquired 7,500,000 common shares of Power Metals and 7,500,000 common share purchase warrants of Power Metals from Sinomine Rare Metals Resources Co Ltd. ("Sinomine") for total cash consideration of $2,000,000. Each warrant entitles the holder thereof to acquire one share of Power Metals at CAD$0.40 per share, expiring on 17 March 2025. Winsome Resources has also agreed to assume all of Sinomine's rights and obligations under the offtake agreement that was entered into between Sinomine and Power Metals dated March 16, 2022.
Substantial Issuer Bid Deadline is January 17, 2023
The Company reminds shareholders that the previously announced substantial issuer bid (the "Offer") under which the Company will offer to purchase for cancellation up to $3,375,000 of its outstanding common shares (the "Shares") will expire on January 17, 2023, unless extended, varied or withdrawn. Shareholders who wish to tender their shares are urged to tender their shares in advance of the deadline to ensure efficient processing time.
The Offer is being made by way of a "modified Dutch auction", which will allow shareholders who choose to participate in the Offer to individually select the price, with a range of not less than $0.55 per Share and not more than $0.65 per Share (in increments of $0.01 per Share), at which they are willing to sell their Shares. Upon expiry of the Offer, the Company will determine the lowest purchase price (which will not be more than $0.65 per Share and not less than $0.55 per Share) (the "Purchase Price") that will allow it to purchase the maximum number of Shares tendered to the Offer, and not withdrawn, having an aggregate purchase price not exceeding $3,375,000.
ABOUT Coloured Ties Capital Inc.
Coloured Ties Capital is a publicly traded Canadian-based venture capital firm focused on early stage investments in companies in the junior resources and break thru and disruptive technologies. Coloured Ties investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investments to advance promising ventures globally. Coloured Ties invests early stage, in promising projects where it can be the Founding or Early Stage investor and can additionally provide investees with advisory services and access to the company's ecosystem.
Entrepreneurs or prospectors or other listed companies seeking business partnership with Coloured Ties are invited to contact the Company for further information on our investment criteria and available opportunities.
For further info, please contact
Kal Malhi
Chief Executive Officer
kal@bullruncapital.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150814
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") reminds shareholders that the previously announced substantial issuer bid (the "Offer") under which the Company will offer to purchase for cancellation up to $3,375,000 of its outstanding common shares (the "Shares") will expire on January 17, 2023, unless extended, varied or withdrawn. Shareholders who wish to tender their shares are urged to tender their shares in advance of the deadline to ensure efficient processing time.
The Offer is being made by way of a "modified Dutch auction", which will allow shareholders who choose to participate in the Offer to individually select the price, with a range of not less than $0.55 per Share and not more than $0.65 per Share (in increments of $0.01 per Share), at which they are willing to sell their Shares. Upon expiry of the Offer, the Company will determine the lowest purchase price (which will not be more than $0.65 per Share and not less than $0.55 per Share) (the "Purchase Price") that will allow it to purchase the maximum number of Shares tendered to the Offer, and not withdrawn, having an aggregate purchase price not exceeding $3,375,000.
Shareholders who wish to participate in the Offer will be able to do so through (i) auction tenders in which they specify the number of Shares being tendered at a specific price per Share, or (ii) purchase price tenders in which they agree to have a specified number of Shares purchased at the purchase price to be determined pursuant to the auction and have their Shares considered as having been tendered at the minimum price of $0.55 for the purposes of determining the purchase price. Shareholders who validly deposit Shares without specifying the method in which they are tendering their Shares will be deemed to have made a purchase price tender.
If the Offer would result in an aggregate purchase price of more than $3,375,000, the Company will purchase a pro-rated portion of the Shares so tendered pursuant to auction tenders at or below the Purchase Price and purchase price tenders (after giving preferential treatment to "odd lot" holders).
The Offer is optional for all shareholders, who are free to choose whether to participate, how many Shares to tender and, in the case of auction tenders, at what price to tender within the specified range. Any shareholders who do not deposit their Shares (or whose Shares are not repurchased under the Offer) will realize a proportionate increase in their equity interest in the Company, to the extent that Shares are purchased under the Offer.
The Offer will not be conditional upon any minimum number of Shares being tendered. The Offer will, however, be subject to other conditions and the Company reserves the right, subject to applicable laws, to withdraw or amend the Offer, if, at any time prior to the payment of deposited Shares, certain events occur. The formal offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (collectively, the "Offer Documents") containing the terms and conditions of the Offer and instructions for tendering Shares have been filed with the applicable securities regulators and mailed to registered shareholders. The Offer Documents are available under the Company's SEDAR profile at www.sedar.com.
Neither the Company nor its board of directors makes any recommendation to shareholders as to whether to tender or refrain from tendering any or all of their Shares to the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Shares. The solicitation and the offer to purchase Shares by the Company is being made only pursuant to the Offer Documents. Shareholders of the Company are urged to read the Offer Documents carefully and to consult with their own financial, tax and legal advisors prior to making any decision with respect to the Offer.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events, including regarding the timing and completion of the Offer. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's most recent management's discussion and analysis. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150382
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Veritiv Operating Company, a leader in specialty packaging distribution, today announced it has completed its acquisition of Orora Packaging Solutions (OPS). 1
On September 3, 2024 , Veritiv announced it had entered into a binding agreement with Orora (ASX: ORA) to acquire their North American packaging and distribution business Orora Packaging Solutions.
"The completion of this acquisition is the next step in enhancing the value we are able to deliver to customers," said Sal Abbate , Chief Executive Officer of Veritiv. "Together, Veritiv and OPS will leverage our shared commitment to innovation, sustainability, and exceptional customer experiences, to offer an even wider range of specialty packaging products and value-added solutions. Our unparalleled size and scale position us to best meet our customers' most complex supply chain needs. We look forward to welcoming OPS' nearly 3,000 talented employees, loyal customers, and trusted suppliers, and collaborating as one unified team to continue delivering innovative and sustainable products and services to our customers today – and into the future."
"Our team is excited for the opportunities ahead to partner with Veritiv and I am confident we will be better together for our customers, our suppliers, and our employees," said Kelly Barlow , President of OPS. "Our complementary visions, strategies and core values make this partnership a natural fit. The addition of OPS to Veritiv's packaging distribution platform will provide an even more compelling customer offering and significant value creation potential."
In addition to OPS, recent acquisitions of Vivabox Solutions, AmeriPac, and PAX Global underscore Veritiv's dedication to enhancing its design to delivery capabilities in the specialty packaging distribution sector, and further position the company as the leading provider in North America .
Advisors and Financing
Veritiv obtained financing from its existing lender group – including BMO Capital Markets Corp, Goldman Sachs Bank USA , RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo, BNP Paribas, Citizens Bank, N.A., ING Capital LLC, Mizuho Bank , Ltd., Natixis Corporate & Investment Banking, Rabobank, Regions Securities LLC, Stifel, TD Securities, and The Bank of Nova Scotia ("Scotiabank") – as well as Morgan Stanley. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as lead financial advisors to Veritiv, and BMO Capital Markets Corp, RBC Capital Markets, LLC, and Wells Fargo also served as financial advisors. Kirkland & Ellis LLP and Debevoise & Plimpton LLP served as legal counsel to Veritiv.
About Veritiv
Headquartered in Atlanta , Veritiv Operating Company is a leading full-service provider of packaging solutions. Additionally, Veritiv provides JanSan, hygiene, print and publishing products and services. Serving customers in a wide range of industries both in North America and globally, Veritiv and its recent acquisition of Orora Packaging Solutions have distribution centers primarily in the U.S. and Mexico , with additional resources and team members around the world helping shape the success of its customers. For more information about Veritiv and its business segments visit www.veritiv.com .
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1 Orora Packaging Solutions includes Orora Visual |
View original content to download multimedia: https://www.prnewswire.com/news-releases/veritiv-completes-acquisition-of-orora-packaging-solutions-302329512.html
SOURCE Veritiv Operating Company
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Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the submission of a drilling permit application for the Table Mountain Silica Project in British Columbia. This key milestone supports Troy's strategic plan to evolve from an exploration-focused company into a revenue-generating mining operation, with production anticipated in the near term
The permit application details a comprehensive drilling program, requesting approval for a program involving up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling in the first year, and an additional 20 holes planned in subsequent years, bringing the total to approximately 2,700 meters over the proposed five-year period, with provisions for additional exploration activities as needed. This phased approach enables Troy to methodically advance the Table Mountain project, ensuring alignment with both operational goals and market demand.
Strategic Advancement Towards Production
The submission of this permit application underscores Troy's commitment to expediting the development of the Table Mountain Silica Project. The planned drilling program is designed to delineate high-purity silica resources, providing critical data to support the transition into the production phase.
Yannis Tsitos, President of Troy Minerals, commented: "Submitting our drilling permit application for Table Mountain is a pivotal step in our aggressive strategy to evolve into a cash-flow-producing company. This initiative not only advances our British Columbia asset but also complements our broader portfolio, including the Tsagaan Zalaa Silica Project in Mongolia, as we aim to establish a significant strategic presence in the high-purity silica market in both North American and Asian jurisdictions."
Project Highlights and Next Steps:
Phased Drilling Program: Authorization for up to 34 drill holes in 2025, focusing on priority targets to define the silica resource, with flexibility for additional drilling in subsequent years.
Production Timeline: Drilling activities are integral to Troy's goal of initiating production at Table Mountain in the near term, contributing to the Company's transition into a revenue-generating phase.
Strategic Positioning: The project's proximity to key transportation and infrastructure hubs facilitates access to major markets, aligning with Troy's objective to become a leading supplier of high-purity silica.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.
ON BEHALF OF THE BOARD,
Rana Vig | CEO & Director
Telephone: 604-218-4766
Email: rana@ranavig.com
Forward-Looking Statements
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Troy Minerals Inc.
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Acquisition strengthens Hempalta's capacity to scale carbon credit solutions while establishing strategic foundation for advancing biochar expansion initiatives
Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") today announced its acquisition of the remaining 49.9% of Hemp Carbon Standard Inc. ("HCS"), granting Hempalta full ownership of the carbon credit platform.
Transaction Details
The transaction includes the acquisition of 20,399,999 Class A common voting shares of HCS held by Climafi Ltd. ("Climafi") (the "Acquisition") for the following aggregate consideration: (i) a C$90,000 cash payment to Climafi on the closing date (the "Closing Cash Payment"); (ii) subject to certain terms and conditions, a potential earnout of C$75,000 in the event that HCS sells the remaining 2023 carbon credits prior to September 30, 2025 for aggregate consideration to HCS of not less than US$359,050 (the "First Earnout"); and (iii) subject to certain terms and conditions, a potential earnout of C$335,000 in the event that HCS sells its 2024 carbon credits prior to September 30, 2025 for aggregate consideration to HCS of not less than US$1,250,000 (the "Second Earnout"). No finders' fees are payable in connection with the Acquisition.
With the Acquisition, Hempalta further solidifies its ability to deliver high-integrity carbon credits derived from industrial hemp farming. The Company now has full operational control of HCS's proprietary methodologies and technology for measuring, reporting, and verifying carbon credits. This enables Hempalta to scale its sustainability payment program globally and maximize the value offered to farmers, landowners, and corporate buyers.
"The acquisition of 100% of Hemp Carbon Standard marks a significant milestone for us to lead the hemp carbon credit industry," said Darren Bondar, President and CEO of Hempalta. "Full ownership allows us to streamline operations, strengthen our technology platform, and provide even greater value to our partners and investors with this low capex, highly scalable platform, while continuing to help farmers and corporate buyers reduce their carbon footprints."
Strategic Benefits of Full Ownership
The Acquisition strengthens Hempalta's ability to expand its reach in the voluntary carbon market ("VCM"). Through its exclusive methodologies, HCS empowers industrial hemp farmers to monetize carbon removal credits, helping them adopt sustainable practices while driving global carbon reductions.
With demand for nature-based carbon removal solutions rising among corporate buyers, Hempalta's integration of HCS's platform will ensure the Company can scale its offerings and continue delivering high-quality credits.
In 2024, HCS saw a 337% increase in total acres under management compared to the previous year, managing 13,556 acres across Canada, the U.S., and multiple international markets. HCS expects to have approximately 50,000 credits certified from the 2024 growing season. Full control of HCS will allow Hempalta to grow these numbers even further, ensuring its customers benefit from robust, certified carbon credit solutions.
Biochar Initiatives
Hempalta has recently added biochar to its suite of hemp-based products. The Company has launched Biochar.ca to market this new product, which is available for consumer purchase online through Amazon.ca and Lowes.ca and for commercial buyers by contacting Hempalta directly. Biochar, created through pyrolysis, not only enhances soil health but also generates high-value carbon credits. Hempalta is also exploring strategic alternatives for high-capacity, larger-scale production of biochar.
About Hempalta
Hempalta Corp. (TSXV: HEMP) is a publicly traded agricultural technology company listed on the TSX Venture Exchange, focused on harnessing the immense potential of hemp.
Hempalta utilizes advanced agricultural technology to process industrial hemp at scale. Products are made from hemp grown sustainably in Alberta and processed using a state-of-the-art processing plant at its production facility in Calgary, Alberta. The Company also participates in the global hemp carbon credit industry through its 100% ownership of Hemp Carbon Standard Inc.
The Company is led by passionate advocates for industrial hemp who have years of operations, manufacturing, marketing, consumer packaged goods, and retail sales experience. Hempalta has been named a Top 10 Startup by Platform Calgary's Launch Party and recognized as one of the 50 most investable clean technology companies by Foresight Canada. Learn more at www.hempalta.com.
HEMP TO BETTER THE PLANET™
For more information, please contact:
Darren Bondar
Chief Executive Officer
Hempalta Corp.
1560 Hastings Crescent SE, Calgary, AB T2G 4E1
Web: https://www.hempalta.com/
Email: info@hempalta.com
Sales or partner opportunities:
Cecil Horwitz
Head, Business Development, Sustainability and Carbon Credit Strategy
cecil.horwitz@hempalta.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as "will", "expected", "plans", "enable," and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements regarding: the satisfaction of the conditions to, and the potential payment of, the First Earnout and the Second Earnout in connection with the Acquisition; the Acquisition enabling the Company to scale its sustainability payment program globally and maximize the value offered to farmers, landowners, and corporate buyers; the Acquisition allowing the Company to streamline operations, strengthen its technology platform, and provide even greater value to its partners and investors while continuing to help farmers and corporate buyers reduce their carbon footprints; the Acquisition strengthening the Company's ability to expand its reach in the VCM; the Company's integration of HCS's platform ensuring that the Company can scale its offerings and continue delivering high-quality credits; the Company's ability to monetize carbon credit sales following the completion of the Acquisition; the total acres under management; the Company exploring strategic alternatives for high-capacity, larger-scale production of biochar; and the expectation of the Company of having 50,000 credits certified from the 2024 growing season and full control of HCS allowing the Company to grow these numbers even further. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the ability of the Company to successfully implement its strategic plans and initiatives and the expected benefits therefrom in connection with the Acquisition; the ability of farms and sites currently signed up by HCS to grow hemp; and the ability of HCS to sell carbon removal credits through the VCM. Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Actual results may vary from those currently anticipated due to a number of factors and risks including, but not limited to: risks associated with general economic conditions; conditions in the carbon credit markets; the risk that the benefits from the Acquisition will not be as anticipated; risks associated with industrial facilities in Calgary, Alberta; adverse industry events; the risk that farms and sites currently signed up by HCS will not grow or be able to grow industrial hemp as anticipated or at all; the risk that HCS may not be able to sell carbon removal credits as anticipated or at all; adverse weather conditions affecting the growth of hemp; future legislative, tax, and regulatory developments; and the ability of management to execute its business strategy, objectives, and plans. The forward-looking information included in this news release is made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise, except as required by applicable law.
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES
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Trading resumes in:
Company: Charbone Hydrogen Corporation
TSX-Venture Symbol: CH
All Issues: Yes
Resumption (ET): 12:45 AM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .
SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
View original content: http://www.newswire.ca/en/releases/archive/December2024/04/c2813.html
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Funding Advances Two North American Green Hydrogen Facilities and Electrolyzer Orders
Green Hydrogen Production Scheduled to Commence Within Weeks
Brossard, Quebec TheNewswire - December 4, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is proud to announce that it has closed a $2.1 million CAD (US$1.5M) unsecured convertible debt tranche to accelerate the funding of the construction of its first two green hydrogen production facilities located in Sorel-Tracy Quebec and Detroit, Michigan, including orders of two electrolyzers for a total capacity of 5,0MW.
The Sorel-Tracy facility will serve as CHARBONE's flagship green hydrogen production site, with operations scheduled to begin in the coming weeks, following delivery of a pre-ordered electrolyzer in Q1 2025. Additionally, the implementation of a second green hydrogen project site is slated to be confirmed in the Detroit vicinity in the near future. In total, CHARBONE plans to build and deliver a network of sixteen (16) green hydrogen production facilities across North America by 2030.
The first tranche of the financing includes US$1.5 million (CA$2.1M) in gross proceeds through unsecured convertible notes with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in December 2027 or convertible earlier, offered to one arm's length investor.
" Our ability to attract this significant investment solidifies CHARBONE's position as a first mover and leader in the North American green hydrogen market," said Dave Gagnon, Chief Executive Officer and Chairman of the Board. " With production at Sorel-Tracy imminent, we are focused on generating near-term revenue, delivering value to shareholders, and advancing our vision of a modular green hydrogen network. This funding ensures we can execute our aggressive growth strategy while meeting industrial best practices and stakeholder expectations ."
The funds will be allocated to capital expenditures for engineering, equipment, infrastructure, and project management costs for the Sorel-Tracy and Detroit facilities. CHARBONE has placed US$1 million in deposits for two 2.5 MW electrolyzers from a leading global manufacturer with 17 years of experience and a proven track record. This industry leader, specializing in Alkaline and PEM technologies, has delivered over 300 units across five continents and holds more than 60 patents, with an annual production capacity exceeding 5 GW.
NOTE OFFERING DETAILS
The note offering closing of US$1.5 million (CA$2.1M) is part of a private placement led by its US banker of an aggregate principal amount up to US$6 million unsecured convertible notes for 36 months which shall bear interest at a rate of 12% per annum, accrued until maturity or conversion and where the principal amount is convertible into common shares of the Company ("Common Shares") at a conversion price of the greater of A) $0.10 CAD (or USD equivalent) or B) a price per share representing a discount of 20% to i) the share price reserved for a capital raise conducted by the Issuer, ii) the Market Price at the time of Change of Control Notice or iii) the Market Price at the time of Maturity, per Common Share, led by its US banker.
Charbone did pay a placement agent cash fee of ten percent (10.00%; US$0.15 million) as well as five-year, equity warrants for Common Shares equal to ten percent (10.00%; 1,500,000 warrants) exercisable at an exercise price of CA$0.10 per Common Share or USD equivalent ( "Warrants") in connection with the private placement. The Debentures and Warrants are subject to a restrictive legend expiring after four months and one day, as required by applicable securities laws and the policies of the TSX Venture Exchange. The private placement is subject to final acceptance by the TSX Venture Exchange and other customary closing conditions. The Company intends to close a second tranche in the coming days, but no later than January 3, 2025.
UPDATE ON THE AMENDMENT TO TERMS OF CONVERTIBLE DEBENTURES
Further to its news release dated June 10, 2024 announcing the agreement of principles to amend certain terms of the secured convertible debentures of the Company (each, a "Debenture" ) that were issued by the Company in connection with the private placement of debentures of an aggregate principal amount of CA$1.2 million of 14% secured convertible debentures , the Company is pleased to announce that it has met all requirements to request the final approval from TSX Venture Exchange to amend and issue the new Debentures.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contacts Charbone Hydrogen Corporation | ||||
Dave B. Gagnon | ||||
Chief Executive Officer and Chairperson of the Board | ||||
Telephone: | +1 438 844-7170 | |||
Email: | ||||
Daniel Charette | ||||
Chief Operating Officer | ||||
Telephone: | +1 438 800-4946 | |||
Email: | ||||
Benoit Veilleux | ||||
Chief Financial Officer and Corporate Secretary | ||||
Telephone: | +1 438 800-4991 | |||
Email: | ||||
Copyright (c) 2024 TheNewswire - All rights reserved.
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Des fonds sont accordés à deux usines nord-américaines d'hydrogène vert et à des commandes d'électrolyseurs
La production d'hydrogène vert devrait débuter dans quelques semaines
Brossard,Québec TheNewswire - le 4 décembre 2024 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est fière d'annoncer qu'elle a clôturé une tranche de billets convertibles non garantis de 2,1 millions $CA (1,5 M $US) pour accélérer le financement de la construction de ses deux premières usines de production d'hydrogène vert situées à Sorel-Tracy, au Québec et à Détroit, au Michigan, incluant des commandes de deux électrolyseurs pour une capacité totale de 5,0MW.
L'usine de Sorel-Tracy sera le site phare de production d'hydrogène vert de Charbone, dont les opérations devraient débuter dans les prochaines semaines, après la livraison d'un électrolyseur précommandé au premier trimestre 2025. De plus, la mise en œuvre d'un deuxième site de production d'hydrogène vert devrait être confirmée dans les environs de Détroit dans un avenir proche. Au total, Charbone prévoit construire et livrer un réseau de seize (16) usines de production d'hydrogène vert en Amérique du Nord d'ici 2030 .
La première tranche du financement comprend 2,1 millions $CA (1,5 M $US) de produits bruts sous forme de billets convertibles non garantis d'une durée de 36 mois à un taux d'intérêt annuel de 12 %, menée par son banquier américain, venant à échéance en décembre 2027 ou convertibles plus tôt, offerts à un investisseur indépendant.
" Notre capacité à attirer cet investissement important consolide la position de Charbone en tant que pionnier et leader sur le marché nord-américain de l'hydrogène vert , a déclaré Dave Gagnon, Chef de la direction chez Charbone. " Avec la mise en production imminente à Sorel-Tracy, nous nous concentrons sur la génération de revenus à court terme, la création de valeur pour les actionnaires et la réalisation de notre vision d'un réseau modulaire d'hydrogène vert. Ce financement nous permet de mettre en œuvre notre stratégie de croissance agressive tout en répondant aux meilleures pratiques industrielles et aux attentes des parties prenantes . "
Les fonds seront affectés aux dépenses en capital pour l'ingénierie, les équipements, les infrastructures et les coûts de gestion de projet pour les installations de Sorel-Tracy et de Détroit. Charbone a placé 1 M $US en dépôts pour deux électrolyseurs de 2,5 MW d'un fabricant mondial de premier plan avec 17 ans d'expérience et une feuille de route éprouvée. Ce leader de l'industrie, spécialisé dans les technologies alcalines et PEM, a livré plus de 300 unités sur cinq continents et détient plus de 60 brevets, avec une capacité de production annuelle supérieure à 5GW.
Détails de l'offre de billets convertibles
L'émission de billets convertibles de 2,1 millions $CA (1,5 M $US) fait partie d'un placement privé mené par son banquier américain d'un montant principal global pouvant atteindre 6 millions $ US de billets convertibles non garantis sur 36 mois qui porteront intérêt à un taux de 12 % par an, accumulés jusqu'à l'échéance ou la conversion et où le montant principal est convertible en actions ordinaires de la Société («Actions ordinaires») à un prix de conversion du plus élevé entre A) 0,10 $ CA (ou l'équivalent en USD) ou B) un prix par action représentant une décote de 20 % par rapport i) au prix de l'action réservée lors d'une augmentation de capital menée par l'émetteur, ii) au prix du marché au moment de l'avis de changement de contrôle ou iii) au prix du marché au moment de l'échéance, par action ordinaire, mené par sa banque américaine.
Charbone a versé à l'agent de placement une commission en espèces de dix pour cent (10,00 % ; 0,15 million $ US) ainsi que des bons de souscription d'actions ordinaires d'une durée de cinq ans équivalant à dix pour cent (10,00 % ; 1 500 000 bons de souscription) exerçables à un prix d'exercice de 0,10 $ CA par action ordinaire ou l'équivalent en USD (« bons de souscription ») dans le cadre du placement privé. Les billets et les bons de souscription sont assujettis à une légende restrictive expirant après quatre mois et un jour, comme l'exigent les lois sur les valeurs mobilières applicables et les politiques de la Bourse de croissance TSX. Le placement privé est assujetti à l'acceptation finale de la Bourse de croissance TSX et à d'autres conditions de clôture habituelles. La Société a l'intention de clôturer une deuxième tranche dans les prochains jours, mais au plus tard le 3 janvier 2025.
Mise-à-jour sur la modification des conditions des débentures convertibles
Suite à son communiqué de presse daté du 10 juin 2024 annonçant l'accord de principe visant à modifier certaines modalités des débentures convertibles garanties de la Société (chacune, une « Débenture ») qui ont été émises par la Société dans le cadre du placement privé de débentures d'un montant principal total de 1,2 million $ CA de débentures convertibles garanties à 14 %, la Société est heureuse d'annoncer qu'elle a satisfait à toutes les exigences pour demander l'approbation finale de la Bourse de croissance TSX pour modifier et émettre les nouvelles débentures.
À propos de Charbone Hydrogène Corporation
Charbone est une compagnie intégrée de production d'hydrogène vert axé sur la création d'un réseau nord-américain d'usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l'environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d'informations sur CHARBONE Hydrogen et ses projets, veuillez visiter www.charbone.com .
Énoncés prospectifs
Le présent communiqué de presse contient des énoncés qui constituent de « l'information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l'intention », « anticipe », « s'attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s'y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l'inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l'adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.
Sauf si les lois sur les valeurs mobilières applicables l'exigent, Charbone ne s'engage pas à mettre à jour ni à réviser les déclarations prospectives.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent de responsabilité quant à la pertinence ou à l'exactitude du présent communiqué.
Contacts
Pour de plus amples informations, veuillez contacter :
Dave B. G agnon | ||
Chef de la direction et président du conseil d'administration | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau: +1 438 844-7170 | ||
Courriel: dg@charbone.com | ||
Daniel Charette | ||
Chef de l'exploitation | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau : +1 438 800-4946 | ||
Courriel: dc@charbone.com | ||
Benoit Veilleux | ||
Chef de la direction financière et secrétaire corporatif | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau: +1 438 800-4991 | ||
Courriel: bv@charbone.com |
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