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nDatalyze Corp. Updates The Proposed RTO With An Alberta-Based Mining Company
Thenewswire· 2026-03-11 21:25
Core Viewpoint - nDatalyze Corp. is progressing with a proposed reverse takeover of PRISM Diversified Ltd., which focuses on low-emission steel production and critical minerals leveraging Alberta's resources [1] Group 1: Reverse Takeover Details - The Definitive Agreement for the RTO is now expected to be executed on or before March 31, 2026, delayed from the original date of March 15, 2026 [2] - PRISM will arrange a minimum financing of $2 million, which includes a private placement of $400,000 at $0.10 per share prior to March 31, 2026, resulting in 4,000,000 shares in the Resulting Issuer [2] - Following the private placement, nDatalyze will conduct a $1,600,000 subscription receipt financing between March 31, 2026, and August 15, 2026, leading to 16,000,000 shares for subscribers at Closing [2] Group 2: Share Conversion and Structure - Upon raising $2 million, the existing 41,327,425 nDatalyze shares will convert to 15,555,555 shares of the Resulting Issuer, with the conversion ratio detailed in the Definitive Agreement [2] - The Resulting Issuer will have a total of 162,560,555 shares outstanding post-Closing, which includes PRISM's existing share capital of 120,000,000 and fundraising costs of 27,005,000 [2] - Subscription Receipts will not be exchangeable for Company shares unless the RTO is completed, and all Company assets will be spun out to shareholders prior to this exchange [2] Group 3: Regulatory and Approval Aspects - The RTO is subject to approval by the Canadian Securities Exchange and PRISM shareholders [2]
Terra Metals Inc. 任命 Tariq Abbasi 勋爵博士为董事会成员及 Mark Donohue 为首席运营官,标志着战略性全球扩张
Globenewswire· 2025-06-17 18:03
Group 1 - Terra Metals Inc. announced the appointment of Dr. Tariq Abbasi and Mr. Mark Donohue as part of its strategic preparations for a significant $100 million joint venture agreement with Metalex Commodities, set to be signed in Lusaka [1][2] - Dr. Abbasi brings extensive public service experience and global influence, aligning with Terra Metals' commitment to principled governance and international credibility [1][2] - Mr. Donohue, a recent MBA graduate, represents a new generation of leadership and will oversee operations, ESG integration, and value creation as the company expands its business [2][3] Group 2 - The joint venture, named Lunda Resources, is expected to produce critical copper and cobalt concentrates for the global electric vehicle and clean energy industries, creating 500 to 1,000 jobs in its first phase [2][3] - The signing ceremony will take place at the American Center in Lusaka, supported by the U.S. Embassy, the Zambian Ministry of Mines, and traditional leaders from the Northwestern Province [3] - Terra Metals is positioning itself as a key player in the critical mineral supply chain, operating from the U.S. while focusing on African markets [3]