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)
Manuka Resources

Financing Update on the Cobar Basin Silver & Gold Production Strategy

Manuka Resources Limited (ASX:MKR, “Manuka” or the “Company”) is pleased to provide an update on progress of the Company’s Cobar Basin silver and gold production strategy and the restart of the existing 1Mtpa Wonawinta processing plant.

Keep reading...Show less
Randy Smallwood, gold bars.

Randy Smallwood: Silver Set for Bull Run, Gold Wakeup in the West

Randy Smallwood, president and CEO of Wheaton Precious Metals (TSX:WPM,NYSE:WPM), shares his updated thoughts on the gold and silver markets.

He also discusses Wheaton's project pipeline and the company's hunt for more assets.

Keep reading...Show less
Gold bars and coins stacked on each other, reflecting light.

Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

Germany and Italy are facing mounting domestic pressure to repatriate more than a third of their gold reserves — worth an estimated US$245 billion — currently held in New York by the US Federal Reserve.

Germany and Italy hold the world’s second and third largest gold reserves, trailing only the US. A substantial portion of this metal is stored overseas, primarily in Manhattan’s Federal Reserve Bank.

This longstanding arrangement, based largely on postwar financial realities and New York’s role as a major global gold-trading hub, is now being questioned by officials and commentators across Europe’s political spectrum.

Keep reading...Show less
Chris Temple, uranium symbol and gold bars.

Chris Temple: Gold, Uranium the Best Stories Now; Plus Silver Outlook

Chris Temple, founder, editor and publisher of the National Investor, discusses the factors moving gold and the gold stock gains still to come.

Temple also shares his outlook for uranium and silver.

Keep reading...Show less
LaFleur Minerals CEO Paul Ténière.

LaFleur Minerals Targets 2026 Production with Funded Drilling and Mill Restart Planning Underway

LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF,FWB:3WK0) CEO Paul Ténière has outlined his company’s plans to complete at least 5,000 meters of diamond drilling at the Swanson gold project while planning for the restart of its 100 percent owned Beacon gold mill in Val-d'Or, Québec.

“We had the idea of looking at the Swanson project, in general, more on a district scale. And so as a result of all the work we've done, including recent IP surveys, we've generated several drilling targets,” Ténière said.

One of the goals of the drill program is to increase the resource, he added.

Keep reading...Show less

Latest Press Releases

Related News

×