concept capital group

Concept Capital Management Inc. Files Early Warning Report

Concept Capital Management Ltd. ("Concept") announces that it acquired direct ownership of 1,257 units (the "Units") of Ready Set Gold Corp. (CSE: RDY) ("RDY"), 1166 Alberni Street. Suite 1201, Vancouver, BC V6E 3Z3, at a price of $1,000 per Unit pursuant to a private placement of Units on June 23, 2021. Each Unit consists of one $1,000 principal amount 3-year unsecured convertible debenture (a "Debenture") and 3,334 common share purchase warrants (each, a "Warrant'). The Debentures are convertible into common shares of the Issuer at a price of $0.27 per share and the Warrants are convertible into common shares at a price of $0.47 per share for a period of 36 months.

Immediately Prior to the Transaction, the Acquiror owned or exercised control or direction over 812,500 common shares of Issuer representing approximately 2.7% of the issued and outstanding common shares. Following the Transaction, the Acquiror owned or exercised control or direction over 812,500 common shares, representing approximately 2.7% of the issued and outstanding common shares on a non-diluted basis, 4,190,838 Warrants and 1,257 Debentures. Assuming conversion of the Warrants and Debentures, the Acquiror would own 9,658,893 common shares or 24.81% of the issued and outstanding common shares on a partially-diluted basis.

The shares were acquired by Concept for investment purposes, and depending on various factors including, without limitation, market and other conditions, increase or decrease his beneficial ownership, control or direction over Shares or other securities of the Issuer, through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise.

Concept has also prepared an early warning reporting in accordance with the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that will appear under RDY's profile on www.sedar.com.

Concept Capital Management Ltd.
Trust Company Complex
Ajeltake Road
Ajeltake Island
MH 96960
Majuro, Marshall Islands
info@ccm-ag.com

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7746/90232_845db10ce4531967_001full_200.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90232

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Ready Set Gold

Ready Set Gold

Gold Exploration in the Hemlo-Schreiber Greenstone Belt

Gold Exploration in the Hemlo-Schreiber Greenstone Belt Keep Reading...
Keep reading...Show less
New Break Announces Receipt of DTC Eligibility in the United States

New Break Announces Receipt of DTC Eligibility in the United States

New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) ("New Break" or the "Company") is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC"). As a subsidiary of the Depository... Keep Reading...
Hand holding smartphone displaying Tether Gold with buy and sell options.

Tether's Gold Rush: Stablecoins Modernizing Precious Metals Investment

Gold is becoming more mainstream with the help of blockchain technology.With global instability on the rise, safe-haven assets such as gold have become increasingly attractive, while high-risk, high-reward cryptocurrencies such as Bitcoin are proving to be too volatile for investors with a low... Keep Reading...
Person in white shirt using a calculator beside stacked gold bars and coins on a dark table.

Jordan Rusche: My Gold Stock Strategy, Plus Unloved Commodities to Watch

Jordan Rusche of Mining Stock Monkey shares his outlook for gold and how he's approaching gold stocks right now — in his view, it's key for investors to protect their downside. He also weighs in on recent M&A activity, including Equinox Gold's (TSX:EQX,NYSEAMERICAN:EQX) plan to acquire Orla... Keep Reading...
Two gold bars on a financial chart with blue and yellow candlestick patterns; text reads: FINE GOLD 999.9 NET WT 1000g.

Precious Metals News: Tug-of-War Still at Play For Gold and its Sister Metals

Precious metals remain under pressure from the US-Iran stalemate and the resulting worsening macroeconomic outlook.This past week, prices for gold, silver, platinum and palladium experienced a sharp mid-May sell-off brought on by sticky inflation and a stronger US dollar, followed by a late-week... Keep Reading...

Interactive Chart

Latest Press Releases

Related News