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StorageVault Expands Footprint with Completion of $62.5 Million of Acquisitions of Five Storage Assets
Globenewswire· 2026-03-26 11:01
Core Viewpoint - StorageVault Canada Inc. has completed the acquisition of five stores for a total purchase price of $62.5 million, which includes both arm's length and related party transactions [1][2]. Group 1: Acquisition Details - The total purchase price for the acquisitions was $62.5 million, which is subject to customary adjustments [2]. - The consideration for the acquisitions included $2 million in StorageVault common shares priced at $5.87 per share, along with funds on hand, promissory notes, and mortgage financing [2]. - Three of the acquisitions were arm's length transactions, while two were related party acquisitions totaling $42.4 million with Access Self Storage Inc. and its affiliate [1][2]. Group 2: Related Party Transactions - The related party acquisitions are classified as "related party transactions" under Multilateral Instrument 61-101, and StorageVault relied on exemptions from formal valuation and minority approval requirements [3]. - A total of 340,716 Payment Shares valued at $2 million were issued to Access in connection with the related party acquisitions, representing 0.09% of StorageVault's issued and outstanding common shares [4]. - Following the acquisitions, Access's ownership in StorageVault increased slightly, holding approximately 37.8% of the total issued and outstanding common shares [4]. Group 3: Company Overview - StorageVault operates 270 storage locations across Canada, owning 237 of these locations and over 5,000 portable storage units, totaling more than 13.5 million rentable square feet [5]. - The company also provides last mile storage and logistics solutions, as well as professional records management services, including document and media storage, imaging, and shredding services [5].
ION Closes Upsized Non-Brokered Private Placement
TMX Newsfile· 2026-03-14 00:07
Core Viewpoint - Lithium ION Energy Limited has successfully closed a non-brokered private placement offering, raising gross proceeds of $1,409,500 through the issuance of 35,237,500 units at a price of $0.04 per unit [1][3]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at $0.05 within 24 months from the closing date [2]. - The company paid finder's fees totaling $44,070 and issued 1,101,750 finder's warrants to assist in the offering [3]. - All securities issued are subject to a four-month hold period expiring on July 14, 2026, in accordance with applicable securities laws [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to explore new growth opportunities, maintain the existing exploration portfolio, and for general working capital [3]. Group 3: Related Party Transactions - Directors and/or officers of the company subscribed for a total of 3,250,000 units for gross proceeds of $130,000, which is classified as a related party transaction [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the insider participation not exceeding 25% of the company's market capitalization [5]. Group 4: Stock Options - The company granted 7,000,000 incentive stock options to directors, officers, and consultants, each exercisable at $0.05 per share for five years [6]. - The stock options vest immediately and are subject to the terms of the incentive stock option plan and TSX Venture Exchange policies [6].
AURORA SPINE CORPORATION ANNOUNCES AMENDMENT TO LOAN FROM INSIDER
Globenewswire· 2026-03-04 22:01
Core Viewpoint - Aurora Spine Corporation has amended an existing loan agreement, reducing the interest rate and extending the maturity date, which reflects the company's ongoing financial management strategy [1][2]. Loan Details - The principal amount of the loan is US$1,600,000, with accrued and unpaid interest totaling US$1,249,500 [1]. - The interest rate has been reduced from 9% to 4.5% per annum effective January 1, 2026 [2]. - The maturity date has been extended from June 29, 2027, to July 11, 2029 [2]. - In the event of a default, the interest rate will increase to 12% per annum [2]. Related Party Transaction - The loan is classified as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority approval requirements [3]. - The company was unable to file a material change report more than twenty-one days prior to the loan completion [3]. Company Overview - Aurora Spine Corporation is based in Carlsbad, California, and specializes in designing and manufacturing minimally invasive spinal implants and interventional pain management technologies [5]. - The company's mission is to enhance spinal surgery outcomes through integrated and cost-effective solutions [5].
Nuvau Minerals Announces Amendment to Private Placement Terms
TMX Newsfile· 2026-02-21 00:34
Core Viewpoint - Nuvau Minerals Inc. has amended the terms of its brokered private placement offering, aiming to raise up to $20 million through the issuance of units and flow-through shares [1][2]. Offering Details - The offering consists of up to 18,750,000 units priced at $0.80 per unit, targeting gross proceeds of up to $15 million [1]. - Additionally, the company plans to issue up to 5,555,555 flow-through common shares at $0.90 per share, aiming for gross proceeds of up to $5 million [2]. - The proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses, with at least 30% qualifying as flow-through critical mineral mining expenditures [2]. Related Party Transaction - A director of the company intends to sell up to 400,000 common shares to subscribe for an equivalent number of flow-through shares under the offering [4]. - This transaction 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 [5]. Closing Timeline - The closing of the unit offering is expected around February 24, 2026, while the flow-through offering is anticipated to close on or about March 6, 2026 [6]. - The completion of the offering is subject to certain conditions, including conditional approval from the TSX Venture Exchange [6]. Additional Information - The agents involved in the offering have an option to sell additional units or flow-through shares, potentially raising an extra $5 million in gross proceeds [7]. - Nuvau Minerals is currently in the exploration and development phase, with its principal asset being the right to earn a 100% interest in the Matagami property from Glencore [9].
Scorpio Tankers (NYSE:STNG) and Stinger Resources Inc. (CSE:STNG): A Comparative Analysis
Financial Modeling Prep· 2026-02-14 08:12
Group 1: Scorpio Tankers (NYSE:STNG) - Scorpio Tankers is a leading entity in the shipping industry, focusing on the transportation of refined petroleum products with a modern fleet of tankers [1] - As of February 13, 2026, a price target of $83 has been set for STNG, indicating a potential upside of 17.71% from its current trading price of $70.51 [1] - The stock has recently experienced a price increase of $2.74, marking a 4.04% rise, with a trading range between $67.16 and $70.57 [2] - Over the past year, STNG has hit a high of $71.48 and a low of $30.63, demonstrating significant growth potential [2] - The company's market capitalization stands at approximately $3.65 billion, highlighting its significant market presence [2] Group 2: Stinger Resources Inc. (CSE:STNG) - Stinger Resources has successfully completed a non-brokered private placement, raising $160,000 by issuing 3.2 million units at $0.05 per unit [3] - The securities issued are subject to a hold period expiring on June 14, 2026, in line with CSE policies and applicable securities laws [3] - Certain directors and officers of Stinger Resources participated in the offering, acquiring 1.4 million units for $70,000, indicating confidence in the company's future prospects [4] - This transaction is deemed a related party transaction under Multilateral Instrument 61-101, designed to protect minority security holders in special transactions [4]
Elixxer Provides Update on Secured and Unsecured Loans
TMX Newsfile· 2026-02-02 22:30
Core Viewpoint - Elixxer Ltd. has entered into an amending agreement to extend the maturity dates of its secured and unsecured notes, aimed at improving its financial position [1][2][3]. Group 1: Amending Agreement Details - The maturity date of all issued and outstanding secured notes totaling $8,000,000 has been extended to June 30, 2026 [2]. - The maturity date of an unsecured promissory note issued in favor of AIP Fund has been extended to December 31, 2026 [2]. Group 2: Related Party Transaction - The amendments are classified as a related party transaction as AIP is a control person of the Company [3]. - The Company is relying on exemptions from valuation and minority shareholder approval requirements due to its financial difficulties [3]. Group 3: Board Approval - The Amending Agreement and related transactions were approved by independent board members, excluding two directors [4]. - No special committee was formed for this agreement, and no dissenting opinions were expressed by any directors [4]. Group 4: Company Overview - Elixxer Ltd. is a Canadian public company listed on the TSX Venture Exchange and the US OTC-Pink exchange, focusing on investments in high growth opportunities [6].
Vault Strategic Mining Announces Intention To Extend Warrant Expiry Date
Thenewswire· 2026-01-21 01:30
Core Viewpoint - Vault Strategic Mining Corp. intends to extend the expiry date of 2,000,000 share purchase warrants from February 14, 2026, to August 14, 2026, which were issued in a private placement [1] Group 1: Warrant Details - The Warrants are exercisable at prices of $0.20 and $0.50 per common share and are subject to an acceleration clause [1] - Holders of the Warrants will need to submit their original Warrant certificate to exercise them, and no amended Warrant certificate will be issued [3] Group 2: Related Party Transactions - Certain Warrants are held by insiders, qualifying as "related parties," making the amendment a "related party transaction" under Multilateral Instrument 61-101 [2] - Exemptions from formal valuation and minority approval requirements apply since the fair market value of the Related Party Warrants does not exceed 25% of the Company's market capitalization [2] Group 3: Company Overview - Vault Strategic Mining Corp. focuses on acquiring and advancing strategic and critical mineral projects in top-tier mining jurisdictions, emphasizing historical and underexplored assets [4] - The Company trades on the TSX Venture Exchange (TSXV: KNOX), OTC Markets (OTC: KNXFF), and the Frankfurt Stock Exchange (FSE: M85) [5]
Trojan Gold Inc. Closes a Non-Brokered Unit Offering
TMX Newsfile· 2025-12-23 22:44
Core Viewpoint - Trojan Gold Inc. has successfully closed a non-brokered private placement, raising a total of $200,000 through the issuance of 2,000,000 units at a price of $0.10 per unit [1][2]. Group 1: Private Placement Details - The units consist of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at an exercise price of $0.15 for 24 months [2]. - The total gross proceeds from the private placement were satisfied by amounts previously advanced to the company [1]. - All securities issued are subject to a four-month and one-day hold period from the closing date, and no finders' fees were paid [3]. Group 2: Related Party Transaction - The issuance of the units is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from valuation and minority approval requirements [4]. - The fair market value of the transaction does not exceed 25% of the company's market capitalization, allowing the company to proceed without additional approvals [4]. Group 3: Company Overview - Trojan Gold Inc. is a junior exploration company based in Ontario, focusing on mineral exploration in the Hemlo Gold Camp and Shebandowan Greenstone Belt [5]. - The company is led by a team with expertise in exploration, engineering, project financing, and permitting [5]. - Trojan Gold is listed on the Canadian Securities Exchange under the symbol CSE: TGII and on the Frankfurt Exchange under the symbol KC1 [5].
StorageVault to Acquire Six Assets for $71.8 Million, Exceeding $200 Million Completed and Announced Transactions for 2025
Globenewswire· 2025-12-18 12:30
Core Viewpoint - StorageVault Canada Inc. has announced the acquisition of six assets for a total of $71.8 million, which is expected to close in Q1 2026, enhancing its existing portfolio [1]. Group 1: Acquisition Details - The total purchase price for the acquisitions is $71.8 million, which may be adjusted and will be paid using existing funds, first mortgages, and potential share consideration [2]. - Among the acquisitions, four transactions are arm's length, while one transaction involving two stores, valued at $42.0 million, is a related party acquisition with Access Self Storage Inc. [1][2]. - The total amount of completed and announced transactions by StorageVault in the year to date exceeds $200 million, including $132.6 million of completed acquisitions [1]. Group 2: Conditions and Exemptions - The completion of the acquisitions is subject to conditions such as satisfactory due diligence, obtaining first mortgage commitments, and satisfactory environmental site assessments [3]. - The related party acquisition is considered a "related party transaction" under MI 61-101, and StorageVault will rely on exemptions from formal valuation and minority approval requirements [4]. Group 3: Company Overview - StorageVault currently operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [6]. - The company also provides last mile storage and logistics solutions, along with professional records management services [6].
Unigold Proposes to Extend Warrants
Newsfile· 2025-12-09 21:18
Core Viewpoint - Unigold Inc. intends to extend the expiry dates of 53,433,675 share purchase warrants to March 31, 2026, maintaining the exercise price at $0.30 per share [1]. Group 1: Warrant Details - The warrants were originally set to expire on December 31, 2024, and are part of various private placements [1]. - A total of 3,797,660 warrants are held by related parties, which classifies the amendment as a "related party transaction" under relevant regulations [3]. - The company will file a material change report upon receiving approval from the TSX Venture Exchange for the warrant extensions [3]. Group 2: Private Placement Information - The warrants were issued through several private placements, including: - 12,596,175 warrants from a placement that closed on August 10, 2021, with 375,850 to insiders [7]. - 8,750,000 warrants from a placement that closed on September 7, 2022, with 1,850,000 to insiders [7]. - 1,150,000 warrants from a placement that closed on September 12, 2022 [7]. - 6,875,000 warrants from a placement that closed on November 1, 2022 [7]. - 8,008,750 warrants from a placement that closed on May 10, 2023, with 850,000 to insiders [7]. - 16,053,750 warrants from a placement that closed on May 16, 2023, with 528,750 to insiders [7].