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Aurania Announces Loan Agreement
TMX Newsfile· 2026-01-29 22:01
Toronto, Ontario--(Newsfile Corp. - January 29, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that its Chairman, President and Chief Executive Officer, Dr. Keith Barron (the "Lender") has agreed to provide a loan of up to C$750,000 to the Company to be advanced from time to time in principal amounts as agreed by the parties (the "Loan").Dr. Keith Barron commented, "This loan provides the Company with additional working capital to continue advanc ...
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]
Granada Proposes To Issue Shares For Debt
Thenewswire· 2026-01-16 23:30
Core Viewpoint - Granada Gold Mine has reached an agreement to repay $300,000 in debt through the issuance of 3,000,000 common shares at a price of $0.10 per share, subject to regulatory approval [1][2]. Group 1: Debt Repayment Agreement - The total debt repayment amounts to $300,000, which will be settled by issuing 3,000,000 common shares at a deemed price of $0.10 per share [1]. - The transaction is subject to a hold period of four months and a day in accordance with Canadian Securities Laws and requires approval from the TSX Venture Exchange [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" since two directors of the company are also principals of the creditors [3]. - The company is exempt from formal valuation and minority shareholder approval requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [3]. Group 3: Management Changes - Christopher Ecclestone has resigned as a director of the company, and the company expresses gratitude for his contributions [4]. Group 4: Company Overview - Granada Gold Mine Inc. is focused on developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, covering 14.73 square kilometers [6]. - The company is currently conducting a large drill program, with 18,000 meters completed out of a planned 120,000 meters, although drilling is paused for data evaluation and market conditions [6]. Group 5: Historical Mining Data - The Granada Shear Zone and South Shear Zone contain up to twenty-two mineralized structures over five and a half kilometers, with historical underground grades ranging from 8 to 10 grams per tonne gold [7]. - The property includes a former underground mine that produced over 50,000 ounces of gold at 10 grams per tonne in the 1930s, with additional bulk samples extracted in the 1990s [8].
Anfield Energy Announces $7,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent $7,000,000 Non-Brokered Private Placement of Subscription Receipts
Globenewswire· 2025-12-24 12:00
Core Viewpoint - Anfield Energy Inc. is conducting a non-brokered private placement offering of up to 1,120,000 common shares at a price of $6.25 per share, aiming for gross proceeds of up to $7,000,000, with a concurrent offering from Uranium Energy Corp. expected to double the total gross proceeds to $14,000,000 [1][2]. Group 1: Offering Details - The LIFE Shares will be issued under the listed issuer financing exemption, allowing for a streamlined process without a prospectus [1]. - Uranium Energy intends to subscribe for the same number of shares in a concurrent offering, which will also generate up to $7,000,000 in gross proceeds [2]. - Each subscription receipt from Uranium Energy will convert into one common share upon meeting specific escrow release conditions by March 31, 2026 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund capital commitments for various projects, including the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, as well as for general corporate purposes and working capital [4]. Group 3: Closing and Regulatory Approvals - The offering is expected to close around December 31, 2025, subject to customary closing conditions and necessary approvals from the TSX Venture Exchange and NASDAQ [5]. - Uranium Energy's participation is classified as a related party transaction, requiring approval from disinterested shareholders, excluding votes from Uranium Energy and its associates [6]. Group 4: Securities Regulations - The LIFE Shares will be offered to Canadian residents in all provinces except Quebec, and to U.S. investors under available exemptions from registration requirements [7]. - The LIFE Shares issued to Canadian subscribers will not have a hold period, while the subscription receipts will be subject to a four-month hold period [8].
Closing of Strategic Acquisitions, Total Voting Rights, and Notification of Transactions of Persons Discharging Managerial Responsibilities
Globenewswire· 2025-12-23 07:00
Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions, enhancing its position in Greenland's mineral sector by creating the West Greenland Hub through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are collectively referred to as the Acquisitions [2]. - As part of the Acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - Amaroq is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the Closing Shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of Amaroq will consist of 463,648,822 common shares after the issuance of the Closing Shares and shares under the company's incentive plans [8]. Admission to Trading - Applications for the admission of the Black Angel and Kangerluarsuk Closing Shares to trading on AIM and the Icelandic Exchange have been made, with expected admission dates of December 30, 2025 [6].
Pershing Square Holdings, Ltd. Announces Investment in Howard Hughes Holdings Inc. Preferred Stock
Businesswire· 2025-12-18 11:01
Core Viewpoint - Pershing Square Holdings, Ltd. has committed to invest up to $1 billion in non-voting exchangeable perpetual preferred stock of Howard Hughes Holdings Inc. to facilitate HHH's acquisition of Vantage Group Holdings for approximately $2.1 billion in cash [1][2]. Group 1: Investment Details - The acquisition of Vantage will be financed through HHH's cash and the subscription for the PSH Preferred, with the amount to be determined by HHH up to a $1 billion cap [3]. - The PSH Preferred will be divided into 14 equal tranches, which HHH can repurchase within a specified window after the first seven fiscal years post-acquisition [3]. - The repurchase price for the PSH Preferred will be the greater of 1.5 times the preceding year-end or quarter-end book value of Vantage or the original issue price plus a 4% annual increase until repurchase [3]. Group 2: Ownership and Exchange Rights - If not fully repurchased within 60 days after the seventh fiscal year, the PSH Preferred can be exchanged for common stock of Vantage, with PSH having the right to request an IPO or direct listing of Vantage concurrently with such exchange [4][6]. - PSH's ownership of Vantage will be capped at 49% of its common stock without majority approval from disinterested directors of HHH [4]. Group 3: Related Party Transaction - The PSH Investment is classified as a related party transaction due to the relationship between PSCM and PSH, with PSCM controlling 30% or more of the voting rights at HHH [11]. - The PSH Board considers the investment fair and reasonable for PSH shareholders, having received advice from N.M. Rothschild & Sons Limited [12]. Group 4: Transaction Timeline - The transaction is anticipated to close in the second quarter of 2026, pending customary regulatory approvals and closing conditions [9].
Subsea7 Related Party Transaction
Globenewswire· 2025-12-12 14:14
Group 1 - Subsea 7 S.A. has agreed to reimburse Siem Industries S.A. for legal costs related to the proposed merger with Saipem S.p.A., totaling under $1 million [1] - The Shareholders' Agreement ensures that Eni S.p.A., CDP Equity S.p.A., and Siem Industries S.A. will vote in favor of the merger, promoting a balanced leadership and governance structure [2] - The transaction is classified as a related party transaction, and Kristian Siem and Louisa Siem abstained from voting on the reimbursement in compliance with SRD II and Luxembourg Company Law [3] Group 2 - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on sustainable value creation [3]
Northfield Closes $15 Million Brokered Financing
Globenewswire· 2025-12-11 14:30
Core Viewpoint - Northfield Capital Corporation has successfully closed an upsized brokered financing, raising $15 million through the issuance of 2,727,272 units at a price of $5.50 per unit, which will be used for operational expenditures and general corporate purposes [1][3]. Financing Details - The offering consisted of units that include one Class A restricted voting share and one share purchase warrant, with the warrants allowing the purchase of additional shares at an exercise price of $7.50 from February 9, 2026, until December 10, 2028 [1]. - Integrity Capital Group Inc. acted as the sole agent and bookrunner for the offering, receiving a cash commission and 120,000 non-transferable compensation options [2]. Insider Participation - Key insiders, including the President and CEO Robert Cudney, participated in the offering, which is classified as a related party transaction under MI 61-101 but is exempt from formal valuation and minority shareholder approval requirements [4][8]. - Cudney received an additional 3,580 Class B multiple voting shares at prices of $6.40 and $6.20 per share, totaling gross proceeds of $22,434.40 [5]. Shareholder Voting Power - Prior to the transactions, Cudney controlled approximately 39.6% of the total voting power of the company, and this percentage remained unchanged following the Class B share issuance [6]. - After the transactions, Cudney and Cudney Stables control approximately 54.9% of the voting power represented by the Northfield shares [13]. Regulatory Compliance - The offering and Class B share issuance are subject to final acceptance by the TSX Venture Exchange [9]. - The transactions were conducted in compliance with applicable securities laws, including the National Instrument 62-103 for early warning disclosures [15]. Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [18].
Northfield Capital Announces Up to $10 Million Brokered Financing
Globenewswire· 2025-11-19 12:05
Core Points - Northfield Capital Corporation is conducting a brokered financing offering units at a price of $5.50 per unit, aiming for gross proceeds of up to $10,000,001 [1][3] - Each unit consists of one class A restricted voting share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $7.50 for three years [1] - The net proceeds will be allocated for operational expenditures and general corporate purposes [3] Offering Details - Integrity Capital Group Inc. is the lead agent and will receive a 6% cash commission on gross proceeds, with compensation options for agents based on units sold [2] - The offering is subject to TSX Venture Exchange approval and is expected to close around December 2, 2025 [3] Regulatory Compliance - The units will be offered under National Instrument 45-106, exempting them from a hold period in Canada [4] - Certain insiders may participate in the offering, which is classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6][12] Class B Share Issue - The company plans to issue up to 2,388 Class B multiple voting shares to Mr. Robert Cudney at a price of $6.20 per share, totaling gross proceeds of up to $14,806 [8][9] - This issuance is to maintain Mr. Cudney's voting interest following the offering and is subject to Exchange approval [10][11] Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [14]