Related Party Transaction
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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
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, March 24, 2026 (GLOBE NEWSWIRE) -- Tincorp Metals Inc. ("Tincorp" or the "Company") (TSXV: "TIN") is pleased to announce the closing of its offering (the "Offering") of 43,750,000 subscription receipts (the "Subscription Receipts") at C$0.40 per Subscription Receipt for aggregate gross proceeds of C$17,5 ...
Mako Mining Completes Acquisition of Mt. Hamilton in Nevada
Accessnewswire· 2026-03-24 11:33
Mako Mining Completes Acquisition of Mt. Hamilton in Nevada ELEMENT--Back to the NewsroomMako Mining Completes Acquisition of Mt. Hamilton in NevadaVANCOUVER, BC / ACCESS Newswire/ March 24, 2026 / Mako Mining Corp. ("Mako") (TSXV:MKO)(OTCQX:MAKOF) is pleased to announce that, further to obtaining the approval of the shareholders of Mako on March 3, 2026, Mako has completed the acquisition (the "Acquisition") of 100% of the legal registered membership interests of Mt. Hamilton LLC, the owner of the Mt. Hami ...
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
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]