Coloured Ties Provides Supplemental Disclosure Relating to Its Substantial Issuer Bid

Coloured Ties Provides Supplemental Disclosure Relating to Its Substantial Issuer Bid

Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that further to the Ontario Securities Commission's request to provide supplemental disclosure concerning the background of the Company's substantial issuer bid (the "SIB").

On October 18, 2022, the Company announced the SIB and proposed to purchase for cancellation up to 7,500,000 of its issued and outstanding common shares (the "Shares") at a purchase price of $0.45 per Share (the "Offer Price") in cash. Prior to the announcement of the SIB, the closing price of the Shares on the TSX Venture Exchange ("TSX-V") was $0.30. At the time of the announcement of the SIB, the Offer Price was at a 50% premium to the last closing price of the Shares on the TSX-V.

Prior to the announcement of the SIB, the Company determined that it was unable to rely on the liquidity exemption provided in section 3.4(b) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the aggregate value of the trades in the Shares on the TSX-V was not at least $15,000,000. Accordingly, a liquid market did not exist at the time of determination and the Company does not expect a liquid market to exist following the completion of the SIB. The Company confirms that following the completion of the SIB, the Company will continue to meet the continued listing requirements of the TSX-V, including the public distribution and market capitalization requirements.

On or around October 18, 2022, the Company engaged Evans & Evans Inc. ("Evans & Evans") to provide a valuation report as required pursuant to section 3.3(1) of MI 61-101. On November 24, 2022, the Company received a preliminary valuation report from Evans & Evans which contains Evans & Evans's opinion that, based on the scope of their review and subject to the restrictions, definitions and assumptions noted therein, the fair market value of the Shares at October 31, 2022 was in the range of $0.68 to $0.72. On or around November 25, 2022, the Company determined that to maximize the number of Shares that can be purchased under the SIB and considering the funds that have been set aside for the SIB, being $3,375,000, it was best to revise the offer from a fixed price of $0.45 to a "modified Dutch Auction" procedure with a price range of $0.55 to $0.65 (the "Amended Offer Price").

Considering the opinion provided in the Valuation Report, the closing price of the Shares on the TSX-V was $0.50 on November 25, 2022, and the fact that shareholders who tender their Shares pursuant to the SIB will receive immediate cash, Company determined that the Amended Offer Price was a fair price to the shareholders. Accordingly, the Company announced the change in the offer procedure and the Amended Offer Price on November 28, 2022.

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/149469

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Coloured Ties Capital Provides Corporate Update & Celebrates Being Named as TSX Venture 50 Top Performing Investment Company 2023

Coloured Ties Capital Provides Corporate Update & Celebrates Being Named as TSX Venture 50 Top Performing Investment Company 2023

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:

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Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

Coloured Ties Announces Approval of Option Agreement with Superior, Grant of Options and Closing of Substantial Issuer Bid

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.

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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

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Coloured Ties Capital Provides Lithium Portfolio Update and Substantial Issuer Bid Tender Deadline Update

Coloured Ties Capital Provides Lithium Portfolio Update and Substantial Issuer Bid Tender Deadline Update

 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

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Coloured Ties Reminds Shareholders the Substantial Issuer Bid Expires on January 17, 2023

Coloured Ties Reminds Shareholders the Substantial Issuer Bid Expires on January 17, 2023

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.

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SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the mobilization and commencement of its 2025 summer field program at the 100% owned Radar Titanium Property (the "Property") in Labrador, Canada.

Field crews arrived on site on June 17 and have initiated ground-based geophysical surveys targeting future high-priority drill targets. Concurrently, the team is constructing an access trail along the full 20 km strike extent of the Dykes River Intrusion oxide layering zone. Mobilizing drill rigs to the Trapper Zone is a first construction priority (see Figure 1 below).

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Lithium Universe Ltd  Settlement of Tranche 1 Share Placement

Lithium Universe Ltd Settlement of Tranche 1 Share Placement

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now settled the first tranche of its placement to sophisticated and professional investors (Tranche 1).

Highlights

- Successful settlement of Tranche 1 of the share placement to sophisticated and professional investors, raising $0.60 million

- Tranche 2 of the placement (subject to shareholder approval) is anticipated to be completed on or around 29 July 2025, raising $1.10 million

Tranche 1 comprised of 150,000,000 fully paid ordinary shares in the capital of the Company (Shares), which have been issued today under the Company's existing capacity under ASX Listing Rule 7.1 (15% capacity). The Shares under Tranche 1 were issued at a price of A$0.004 per Share, raising A$600,000. In addition, subject to shareholder approval, the Tranche 1 investors will be entitled to one new option for every two Shares subscribed for and issued, expiring 36 months from the date of issue of the options, and an exercise price of $0.008 (Options).

Tranche 2 Placement

As detailed within the Announcement, the placement comprises a second tranche of 275,000,000 Shares at an issue price of A$0.004 per Share, subject to shareholder approval (Tranche 2). Investors under the Tranche 2 placement will also receive a free attaching Option on a 1 for 2 basis, subject to shareholder approval.

The Company will seek shareholder approval at an upcoming general meeting, which is scheduled to be held on or around Wednesday, 23 July 2025.

Cleansing for secondary trading

The Company advises that the Shares issued under Tranche 1 have been issued without disclosure under Part 6D.2 of the Act in reliance on sections 708(8) and 708(11) of the Corporations Act 2001 (Cth) (Corporations Act).

In accordance with Section 708A(11) of the Corporations Act 2001, the Company confirms:

- the Shares under Tranche 1 are in a class of securities that are quoted securities;

- the Company lodged a prospectus with the Australian Securities and Investments Commission on 20 June 2025 (Prospectus);

- the Prospectus includes an offer of securities by the Company in the same class as the Shares issued under Tranche 1; and

- the offer under the Prospectus is and was open at the time of issue of the Shares under Tranche 1.

Accordingly, the T1 Placement Shares are eligible for immediate trading without on-sale restrictions.



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

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Fortune Minerals Announces Results of Annual Meeting of Shareholders

Fortune Minerals Announces Results of Annual Meeting of Shareholders

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") ( www.fortuneminerals.com ) reports that the nominees listed in the management information circular for the 2025 Annual Meeting of Shareholders held on June 24, 2025 (the "Meeting") were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below:

Nominee

Shareholders also approved the re-appointment of McGovern Hurley LLP as the auditor of Fortune. The presentation made at the Annual Meeting is available on the Company's website.

About Fortune Minerals:
Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper critical minerals project in the NWT and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.

Follow Fortune Minerals:
Click here to subscribe to Fortune's email list.

Click here to follow Fortune on LinkedIn.

@FortuneMineral on Twitter.

For further information please contact:
Fortune Minerals Limited  
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

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