Coloured Ties Announces Successful Completion of the Substantial Issuer Bid

Coloured Ties Announces Successful Completion of the Substantial Issuer Bid

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An aggregate of approximately six million Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the purchase price and purchase price tenders.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

News Provided by Newsfile via QuoteMedia

TIE:CA
The Conversation (0)
Successful Placement Accelerates Operations

Successful Placement Accelerates Operations

International Graphite (IG6:AU) has announced Successful Placement Accelerates OperationsDownload the PDF here. Keep Reading...
SAGA Metals Highlights Radar Project's VTM Enriched Magnetic Concentrate up to 0.9% V2O5 Relative to Panzhihua, China Benchmark of 0.3% V2O5

SAGA Metals Highlights Radar Project's VTM Enriched Magnetic Concentrate up to 0.9% V2O5 Relative to Panzhihua, China Benchmark of 0.3% V2O5

Saga Metals Corp. (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to provide a technical benchmark comparison between its 100%-owned Radar Titanium-Vanadium-Iron ("Ti-V-Fe" or... Keep Reading...
Surface Metals to Present at Fastmarkets Global Lithium, Battery & Critical Materials Conference in Las Vegas, Nevada

Surface Metals to Present at Fastmarkets Global Lithium, Battery & Critical Materials Conference in Las Vegas, Nevada

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (FSE: V6X) (WKN: A417U2) ("Surface Metals" or the "Company") is pleased to announce that members of its management team will be attending the Fastmarkets Global Lithium, Battery and Critical Materials Conference, taking place June 22-25,... Keep Reading...
JV Technical & Financial Evaluation

JV Technical & Financial Evaluation

International Graphite (IG6:AU) has announced JV Technical & Financial EvaluationDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

International Graphite (IG6:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Surface Metals Announces Amendment to Clayton Valley Option Agreement

Surface Metals Announces Amendment to Clayton Valley Option Agreement

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (FSE: V6X) (WKN: A417U2) ("Surface Metals" or the "Company") is pleased to announce that it has entered into an amendment (the "Amendment") to its existing option agreement with GeoXplor Corp. ("GeoXplor") related to certain mineral claims... Keep Reading...

Interactive Chart

Latest Press Releases

Related News