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Bri-Chem Enters into Formal Supply Agreement with Reliant Technologies Inc.
TMX Newsfile· 2026-02-18 14:26
Core Viewpoint - Bri-Chem Corp. has entered into a formal supply agreement with Reliant Technologies Inc. to enhance its product portfolio with advanced technologies and specialty chemical formulations, effective February 17, 2026 [1][3]. Group 1: Agreement Details - The supply agreement with Reliant Technologies Inc. is a related-party transaction, as Reliant is substantially owned by Mr. Barry Hugghins, who is also the CEO and Executive Chairman of Bri-Chem [2][5]. - The agreement is expected to provide Bri-Chem with superior technologies, thereby strengthening its ability to serve customers both domestically and internationally [3][4]. Group 2: Governance and Approval - The Board of Directors reviewed and approved the agreement, with Mr. Hugghins abstaining from deliberations and voting to ensure compliance with governance standards [4]. - The company believes that the agreement aligns with its strategic objectives of expanding high-value offerings and improving competitive positioning in the market [4]. Group 3: Company Background - Bri-Chem has established itself as a leader in the North American oilfield chemical distribution and blending industry through strategic acquisitions and organic growth [6]. - The company operates 19 strategically located warehouses across Canada and the United States, offering a full range of drilling fluid products [6].
Scottie Announces Closing of Its Previously Announced Non-Brokered Financing
Newsfile· 2025-12-03 22:00
Core Points - Scottie Resources Corp. has successfully closed a non-brokered private placement financing, issuing 11,327,420 charitable flow-through shares at a price of $2.14 per share, resulting in gross proceeds of $24,240,678.80 [1][3] - Ocean Partners UK Limited led the offering with an investment of approximately $5 million, contributing to a total of $6,903,224.84 in charitable flow-through funding [1][6] - The proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia [3] Financial Details - The cash commissions paid to finders in connection with the offering amounted to $153,450, along with the issuance of 99,000 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of $1.76 for 24 months [4] - The offering is subject to final acceptance from the TSX Venture Exchange, with all securities issued being subject to a hold period expiring on April 4, 2026 [5] Shareholder Information - Following the investment, Ocean Partners' ownership increased from approximately 10.87% to 13.51% of the company's issued and outstanding common shares [6] - The investment by Ocean Partners is classified as a related-party transaction, and the company is relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [9] - The company also owns the Georgia Project and the Cambria Project properties, totaling approximately 58,500 hectares of mineral claims in the Stewart Mining Camp within the Golden Triangle of British Columbia [10][11]