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Tincorp Metals Announces Closing of C$17,500,000 Best Efforts Subscription Receipt Offering, Including Full Exercise of Overallotment Option
Globenewswire· 2026-03-24 17:32
Core Viewpoint - Tincorp Metals Inc. has successfully closed an offering of 43,750,000 subscription receipts, raising gross proceeds of C$17,500,000, which will be used to fund the acquisition of the Santa Barbara Gold-Copper Project in Ecuador and related expenses [1][4][11]. Offering Details - The offering consisted of a brokered private placement of 28,750,000 subscription receipts for gross proceeds of C$11,500,000 and a non-brokered private placement of 15,000,000 subscription receipts for gross proceeds of C$6,000,000 [1]. - Each subscription receipt will convert into one common share and one-half of a common share purchase warrant upon satisfaction of escrow release conditions [2]. - The offering included a 15% overallotment option exercised by the agents, leading to additional proceeds [1]. Financial Breakdown - The net proceeds from the offering will be allocated as follows: 25% for Phase 1 drill program, 25% for Phase 2 drill program, 13% for upfront cash payment to vendors, 23% for the first anniversary cash payment to vendors, and the remaining for general and administrative expenses, Ecuador operations, and acquisition-related expenses [4]. Related Party Transactions - The offering and proposed acquisition are classified as related party transactions due to Silvercorp Metals Inc. being a control person of Tincorp, holding approximately 29.1% interest [5][6]. - Insiders subscribed for a total of 10,175,000 subscription receipts, contributing C$4,070,000 to the offering [6]. Approval and Conditions - The offering is subject to final approval from the TSX Venture Exchange (TSXV), and the completion of the proposed acquisition is contingent upon several closing conditions, including this approval [6][8]. - The company will seek minority approval for both the offering and the proposed acquisition at a shareholder meeting scheduled for May 5, 2026 [7][8]. Project Information - Tincorp is acquiring Santa Barbara Metals Inc., which holds a 100% interest in the Santa Barbara Project located in Ecuador [11]. - An updated technical report for the Santa Barbara Project is expected to be filed by the end of March 2026 [8].
Mako Mining Completes Acquisition of Mt. Hamilton in Nevada
Accessnewswire· 2026-03-24 11:33
Core Viewpoint - Mako Mining Corp. has successfully completed the acquisition of 100% of the legal registered membership interests of Mt. Hamilton LLC, which owns the Mt. Hamilton project in Nevada, following shareholder approval on March 3, 2026 [1]. Acquisition Details - The acquisition was executed under the amended and restated purchase and sale agreement dated February 14, 2026, along with the amended and restated gold purchase agreement [2]. - The total purchase price for the acquisition is US$40 million, which will be satisfied through a gold stream agreement with Sailfish Royalty Corp. [3]. - During the first 60 months, Sailfish will purchase approximately 341.7 troy ounces of gold per month at a price equal to 20% of the London Bullion Market Association PM Fix price, with a floor of US$2,700 per ounce and a cap of US$3,700 per ounce [3]. - In the final 72 months, Sailfish will purchase approximately 100 troy ounces of gold per month at the same pricing structure [3]. Security Interests - Mako's obligations under the gold purchase agreement will be secured by first-ranking security interests over all current and future assets of Mako and certain subsidiaries involved in the Mt. Hamilton Project [4]. Related Party Transaction - The acquisition is classified as a related party transaction since both Mako and Sailfish are controlled by Wexford Capital LP. Mako was exempt from obtaining a formal valuation and minority approval due to the transaction's fair market value being below 25% of Mako's market capitalization [6]. Advisory and Legal Counsel - Stifel Canada acted as the financial advisor to Mako's special committee, receiving a fee of C$100,000. Legal counsel was provided by Cassels Brock & Blackwell LLP in Canada and Spencer Fane LLP in the United States [7]. Company Overview - Mako Mining Corp. is a publicly listed gold mining, development, and exploration company, operating the high-grade San Albino gold mine in Nicaragua and owning the Moss Mine in Arizona, along with a 100% interest in the Eagle Mountain Project in Guyana [9].
Jura Announces Amendment to the Loan Agreement
Globenewswire· 2026-03-11 01:35
Core Viewpoint - Jura Energy Corporation has amended its loan agreement, increasing the loan availability from US$4.3 million to US$6 million, with IDL Investments Limited now serving as the lender [1][2]. Loan Agreement Details - The loan is a non-convertible bilateral facility with a three-year term ending on July 22, 2027, and carries a fixed interest rate of 11% per annum [3]. - Approximately US$3.8 million has been drawn under the loan agreement as of the announcement date [2]. Related Party Transaction - IDL Investments Limited, which holds approximately 80.62% of Jura's common shares, is considered a control person, making the amendment a related party transaction [4]. - The amendment is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to the terms being reasonable and not less advantageous than those from an arm's length transaction [4]. Company Overview - Jura Energy Corporation is engaged in the exploration, development, and production of petroleum and natural gas properties in Pakistan, operating through its subsidiaries Frontier Holdings Limited and Spud Energy Pty Limited [5].
CORRECTION – La Mancha Exercises Right to Subscribe for Additional Shares of G Mining Ventures
Globenewswire· 2026-03-09 12:03
Core Viewpoint - G Mining Ventures Corp. announces that its largest shareholder, La Mancha Investments S.à r.l., will exercise its top-up right to increase ownership to 19.9%, marking the final opportunity for such an increase under the existing investor rights agreement [1][2]. Group 1: Shareholder Investment - La Mancha will acquire 9,311,745 common shares at a price of CAD45.89 per share, resulting in gross proceeds of approximately CAD427 million [2]. - The transaction is expected to close around March 11, 2026, pending customary closing conditions, including Toronto Stock Exchange approval [2]. Group 2: Company Growth and Strategy - The investment reflects La Mancha's confidence in G Mining's potential for value creation and its growth strategy, which includes a portfolio of high-quality gold assets in Latin America [3]. - The Oko West Gold Project is on-budget and on-schedule for its first gold pour in the second half of 2027, fully funded by the company's balance sheet and cash flow [3]. - Proceeds from the share issuance will be used to reduce debt related to the Oko West Project, increase exploration efforts, accelerate debt repayment, and for general corporate purposes [3]. Group 3: Related Party Transaction - The issuance of shares to La Mancha is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4].
Hanstone Closes Loan Transaction
Thenewswire· 2026-03-06 01:00
Core Viewpoint - Hanstone Gold Corp. is engaging in a loan transaction to borrow up to $300,000 from an affiliate of a director, which will increase the total loaned funds to $2,325,000, including past loans [1][2]. Group 1: Loan Details - The new loan of $300,000 will be added to the past loan amounts of $2,025,000, resulting in a total loan amount of $2,325,000 [1]. - The past loan amounts are due on August 1, 2027, and the new principal is repayable on the earlier of written demand by the lender or August 1, 2027 [2]. - Both the principal and past loan amounts accrue interest at a rate of 15% per annum, calculated and payable annually in arrears [2]. Group 2: Security and Use of Funds - The loan and accrued interest are secured by a perfected first priority security interest in all present and after-acquired property of the company [2]. - The funds from the loan will be used for general corporate purposes as approved by the company's board of directors and the lender [2]. Group 3: Related Party Transaction - The loan is classified as a "related party transaction" due to the involvement of an insider, Mr. Hans [3]. - The loan is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as it is made on reasonable commercial terms [3]. - Independent directors of Hanstone have approved the loan transaction [3]. Group 4: Company Overview - Hanstone Gold Corp. is focused on precious and base metals exploration, particularly in the Golden Triangle area of British Columbia [5]. - The company holds a 100% interest in the 1,704-hectare Doc Project and a 100% interest in the 3,336-hectare Snip North Project, which is subject to an option agreement [5]. - Hanstone has a team of experienced professionals with a successful track record in gold deposit discovery and mineral exploration project development [5].
Parvis Provides Clarifying Statements on Proposed Acquisition of Richmond Global Wealth
TMX Newsfile· 2026-03-04 02:28
Core Viewpoint - Parvis Invest Inc. is clarifying details regarding its proposed acquisition of Richmond Global Wealth Inc., emphasizing that the transaction is classified as a Non-Arm's Length Transaction and a related party transaction under applicable regulations [1][2][3]. Group 1: Transaction Nature - The acquisition is categorized as a Non-Arm's Length Transaction according to TSX Venture Exchange policies and a related party transaction under Multilateral Instrument 61-101 [2][3]. - Mr. Noah Murad, a director of Parvis, has an indirect ownership interest in RGW through Bluestar Equity Inc., making him a Non-Arm's Length Party in relation to Parvis [3]. Group 2: Voting and Approval Requirements - Mr. Murad and other Non-Arm's Length Parties will be excluded from voting on the resolution to approve the transaction [4]. - The required shareholder approval must be disinterested, meaning it must come from shareholders excluding those associated with Mr. Murad and other Non-Arm's Length Parties [5]. Group 3: Transaction Terms - All other terms and conditions of the transaction remain unchanged, and it is subject to customary closing conditions, regulatory approvals, and TSX Venture Exchange approval [6].
Canagold Resources Ltd. Announces Closing of $9.2M Financing
TMX Newsfile· 2026-02-13 21:01
Core Viewpoint - Canagold Resources Ltd. has successfully closed an offering that raised a total of $9,228,456.50 through the issuance of common shares and flow-through shares, aimed at funding working capital and project development expenses [1][2]. Group 1: Offering Details - The offering consisted of 9,396,570 common shares priced at $0.45 each and 10,000,000 flow-through shares priced at $0.50 each [1]. - The net proceeds from the common shares will be allocated for working capital, administrative expenses, and project development, while the proceeds from the flow-through shares will be used for Canadian exploration expenses at the New Polaris project [2]. Group 2: Shareholder Information - Sun Valley Investments AG purchased 5,000,000 flow-through shares and 4,698,285 common shares, increasing its ownership from 48.07% to 48.25% of the total issued and outstanding common shares of the company [4]. - The offering is classified as a "related party transaction" due to Sun Valley being an insider, and the company is relying on exemptions from certain requirements under Multilateral Instrument 61-101 [5]. Group 3: Regulatory Approval - The Toronto Stock Exchange granted conditional approval for the offering on January 22, 2026, and the company is currently seeking final approval [3]. - The shares issued are subject to a hold period of four months and one day, expiring on June 14, 2026 [3]. Group 4: Company Overview - Canagold Resources Ltd. is focused on advancing the New Polaris Project through feasibility and permitting, while also seeking to expand its asset base through future acquisitions [6].
Aurania Announces Loan Agreement
TMX Newsfile· 2026-01-29 22:01
Core Viewpoint - Aurania Resources Ltd. has announced a loan agreement of up to C$750,000 from its Chairman, Dr. Keith Barron, to support the company's projects and preserve shareholder value while avoiding immediate dilution [1][2]. Loan Details - The loan is unsecured, carries an interest rate of 2% per annum, and matures twelve months and one day after repayment demand [2]. - Proceeds from the loan will be allocated to fund a preliminary economic assessment on the Balangero tailings retreatment project in Italy, along with general working capital [2]. Related Party Transaction - Dr. Keith Barron is classified as a related party due to his roles as Chairman, President, CEO, promoter, and principal shareholder, making the loan a "Related Party Transaction" under Multilateral Instrument 61-101 [3]. - The company is exempt from formal valuation and minority shareholder approval requirements as the transaction does not exceed 25% of its market capitalization [3]. Board Approval - The loan was approved by independent board members, excluding Dr. Barron, with no special committee formed and no dissent expressed by any director [4]. Company Overview - Aurania is focused on mineral exploration, particularly in precious metals and critical energy sectors, both in Europe and internationally [5].
Publication of an Offer Document and Relevant Related Party Transaction
Globenewswire· 2026-01-23 16:50
Core Viewpoint - Hargreave Hale AIM VCT plc is launching an offer for subscription to raise up to £20 million, with an option to raise an additional £10 million through an over-allotment facility [2] Group 1: Offer Details - The offer is open until 17:00 on 15 December 2026, unless fully subscribed earlier or closed at the Directors' discretion [3] - Applications for ordinary shares for the 2025/26 tax year must be submitted by 17:00 on 25 March 2026 [3] - An Electronic Application Form is required for participation, which is deemed the most efficient method for investors [4] Group 2: Early Bird Discount - Canaccord Genuity Asset Management Limited will provide an "early bird discount" of up to 2% on the initial fee for applications received by 17:00 on 27 February 2026, with a maximum aggregate subscription of £10 million [5] - The discount applies only to applications that do not incur introductory commission to a Financial Intermediary, reducing the discount to 1% in such cases [5] Group 3: Related Party Transaction - The Company has entered into an Offer Agreement with CAM, which will administer the Offer and act as the receiving agent, for a fee of 3.5% of the gross proceeds [6] - This arrangement is classified as a relevant related party transaction under UK Listing Rules, and the Board considers it fair and reasonable for shareholders [7] Group 4: Offer Document Availability - The Offer Document can be downloaded from the Company's website and will also be available for inspection at the National Storage Mechanism [8]
Steppe Gold Announces Corporate Update, Strong Fourth Quarter Production
TMX Newsfile· 2026-01-22 04:02
Core Viewpoint - Steppe Gold Ltd. has provided a corporate update highlighting increased gold production and sales, along with significant financial agreements including a bond extension and a royalty buyback option agreement [1][2][3]. Production and Sales - In the fourth quarter of 2025, Steppe Gold produced 29,280 ounces of gold, exceeding the updated guidance of 23,000 ounces [2] - The unaudited gold sales for the same quarter were 37,357 ounces, leading to a total unaudited production and sales of approximately 76,000 ounces for the full year [2] Bond Extension - Steppe Gold's subsidiary, Boroo Gold LLC, has agreed to extend the maturity date of outstanding intercompany bonds from December 31, 2025, to December 31, 2026 [3] - The Board of Directors unanimously determined that this bond extension is in the best interest of the Company, based on recommendations from a special committee of independent directors [3][8] Terms of Bond Amendment - The bond amendment maintains all existing terms and conditions, with no changes to outstanding principal amounts, interest rates, or accrued interest [4] - The bond extension is classified as a "related party transaction" under Multilateral Instrument 61-101, with Steppe Gold relying on exemptions from formal valuation and minority approval requirements [5][10] Royalty Buyback Option Agreement - Steppe Gold has entered into a royalty buyback option agreement with Boroo Singapore regarding the Alturas gold project in Chile [6] - The agreement grants Steppe Gold a call option to repurchase a 0.25% net smelter return royalty, which can be exercised during a 30-day period starting November 7, 2029, for a payment of US$7.5 million [7][8] Related Party Transaction - The royalty buyback option agreement is also considered a "related party transaction" under Multilateral Instrument 61-101, with Steppe Gold again relying on exemptions from formal valuation and minority approval requirements [9][10]