Qualifying Transaction
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Verdera Energy Announces $20 Million Qualifying Transaction Financing
Globenewswire· 2026-01-07 18:08
Core Viewpoint - Verdera Energy Corp. and POCML 7 Inc. are progressing with a proposed transaction that will qualify as a Qualifying Transaction under TSX Venture Exchange policies, involving a subscription receipt offering to raise $20 million [1][2]. Offering Details - The offering will consist of 20,000,000 Subscription Receipts priced at $1.00 each, with an option for agents to purchase an additional 15% for up to $3 million [2]. - Upon meeting escrow release conditions, each Subscription Receipt will convert into one common share of Verdera [3]. - Agents will receive a 5% commission on gross proceeds and broker warrants equivalent to 4% of the total Subscription Receipts sold [4]. Escrow and Conditions - At closing, gross proceeds will be placed in escrow, with conditions for release including the completion of the proposed transaction [5]. - If conditions are not met within 90 days, funds will be returned to Subscription Receipt holders [5]. - Completion of the proposed transaction is subject to TSXV acceptance and other conditions [8][11]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and advancement of the Crownpoint and Hosta Butte Project, including drilling, community relations, and general corporate purposes [6]. Company Overview - Verdera Energy Corp. focuses on developing uranium assets in New Mexico, which is the 7th largest uranium-producing district globally, with significant mineral rights in the Grants Uranium District [14]. - The company aims to meet the growing demand for clean domestic uranium through environmentally sound extraction technology [15].
J4 Ventures Inc. Files Filing Statement for Qualifying Transaction with Primary Hydrogen Corp.
Newsfile· 2025-12-02 18:49
Core Viewpoint - J4 Ventures Inc. is progressing with its qualifying transaction to acquire the Arthur Lake Property from Primary Hydrogen Corp, with a targeted closing date of December 24, 2025 [1][3]. Transaction Details - The transaction involves J4 Ventures acquiring a 100% undivided interest in the Arthur Lake Property by issuing 500,000 common shares and making a cash payment of C$50,000 to Primary Hydrogen [4]. - Primary Hydrogen will retain a 2% net smelter return royalty on the Arthur Lake Property [4]. - The transaction is subject to the satisfaction of conditions set by the TSX Venture Exchange (TSXV) and customary closing conditions [3][5]. Concurrent Financing - J4 Ventures plans to conduct a concurrent financing of up to 12,000,000 subscription receipts at a price of C$0.05 each, aiming for gross proceeds of up to C$600,000 [9]. - Each subscription receipt will convert into a unit consisting of one J4 share and one share purchase warrant, with the warrant exercisable at C$0.06 for a period of 60 months [10]. Arthur Lake Property Overview - The Arthur Lake Property consists of two mineral claim units totaling 543 hectares located in British Columbia, approximately 54 km southwest of Vanderhoof [11]. - The property is prospective for gold and copper-molybdenum mineralization, with historical rock sampling indicating copper concentrations ranging from 8 ppm to 24,800 ppm [11]. - Notable soil anomalies have been identified, including the Copper Enrichment Anomaly, which measures 1,800 meters by 500 meters [11].
Fairplay Ventures Inc. Announces Election of Directors
Globenewswire· 2025-08-06 19:39
TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Fairplay Ventures Inc. (TSXV: FPY.P) (“Fairplay” or the “Company”) is pleased to announce that each director nominee listed in its management information circular, dated June 26, 2025, was elected or re-elected, as applicable, at its annual general and special meeting of shareholders held yesterday, August 5, 2025 (the “Meeting”). Pursuant to the Meeting, the Company’s board of directors currently comprises Messrs. Mark Scarrow, Jason Gorel and Vern Vipul. Messrs. ...
Reem Capital Corp. and Kalron Holdings Ltd. (Parent Company of Seegnal eHealth Ltd.
Newsfile· 2025-08-01 16:06
Group 1 - Reem Capital Corp. and Kalron Holdings Ltd. are providing updates on their proposed transaction, which is part of Reem's Qualifying Transaction as defined by the TSX Venture Exchange [1][2] - The completion of the Proposed Transaction is contingent upon final acceptance from the Exchange, completion of financings, and satisfaction of customary closing conditions [3][20] - The parties aim to raise a minimum of $3.4 million and up to a maximum of $4 million through non-brokered private placements of subscription receipts at a price of $0.80 each [4][10] Group 2 - Each subscription receipt will convert into one common share and one warrant of the Resulting Issuer, with the warrant allowing the purchase of an additional share at $1.20 for 24 months post-transaction [5][12] - Proceeds from the financings will be held in escrow until all conditions are met, including regulatory approvals [6][10] - The Resulting Issuer plans to allocate funds for various purposes, including sales and marketing, research and development, and general administration, with total projected uses ranging from approximately $1.63 million to $2.03 million depending on financing completion [11][12] Group 3 - Kalron Holdings Ltd. is the parent company of Seegnal eHealth Ltd., which specializes in clinical decision support software aimed at improving patient care and reducing healthcare costs [13][14] - Seegnal's software platform is currently utilized by over 10,000 clinicians in Israel and is recognized as a standard of care system [15][16] - The technology developed by Seegnal includes over 1500 algorithms and has received patents in multiple countries, enhancing its market position [16]