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)
  Asara Resources Limited

Asara Raises $2.3M in Placement to Underpin Exploration Program at Kada and Makes Executive Changes

Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to announce that it has signed a binding Subscription Agreement with Barbet L.L.C FZ (Barbet) to raise $2.3m (Placement) which affirms Barbet’s commitment to the Company and its flagship asset, the Kada Gold Project in Guinea (Kada).

Keep reading...Show less
As Part of Its New Development Strategy, Cartier Introduces the Chimo Tailings Project

As Part of Its New Development Strategy, Cartier Introduces the Chimo Tailings Project

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE:6CA) is pleased to announce it intends to evaluate the economic potential of reprocessing Chimo Tailings (″ Chimo Tailings Project ″), located on the Cadillac Project.

The Chimo Tailings Project consist of waste materials from the past producing Chimo Mine, which operated intermittently from 1964 to 1997 and produced 379,012 ounces of gold (MERN DV 85-05 to DV 97-01).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Inca Minerals Limited

Significant Gold and Antimony Grades Confirmed at Hurricane Project

The Board of Inca Minerals Limited (ASX: ICG) (Inca or the Company) is pleased to provide shareholders a progress report on due diligence associated with the recently announced (ASX 5 February 2025) Binding Implementation Agreement to acquire Stunalara Metals Limited (Stunalara) via an off market takeover bid. Stunalara’s key asset is the high-grade gold & gold- antimony Hurricane Project located approximately 110km west-northwest of Cairns and 75km southwest of Port Douglas in North Queensland. Hurricane boasts multiple undrilled high-grade gold & gold-antimony prospects developed from rock chip and grab sampling.

Keep reading...Show less
Castle Minerals Limited

High Grade Gold Intercepts Confirm Kpali Discovery

Castle Minerals Limited (“Castle” or the “Company”) advises that a recently completed eight-hole, 1,106m RC drill programme at its Kpali Gold Prospect in Ghana’s Upper West Region (“Project”, “Kpali”) has intersected mineralisation in all holes including 12m at 8.29g/t Au from 25m including 6m at 11.60g/t Au from 31m and a peak 1m intercept of 20.43g/t Au at 36m in an interpreted ‘hangingwall’ lode and then 4m at 4.16g/t Au from 95m in a lower “footwall” lode (24KPRC010).

Keep reading...Show less

Latest Press Releases

Related News

×