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Psyched Wellness Announces Private Placement for Proceeds of up to C$1,719,306.94
TMX Newsfile· 2026-03-11 12:54
Core Viewpoint - Psyched Wellness Ltd. has announced a non-binding memorandum of terms with Gotham Green Fund III for a private placement of common shares and warrants, aiming for gross proceeds of up to C$1,719,306.94 in two tranches [1] Offering Details - The Offering will consist of Common Shares priced at C$0.0101 each and Warrants priced at C$0.005 each, with each Warrant allowing the purchase of an Additional Share at C$0.0051 [2] - The initial tranche is set to close around March 18, 2026, for gross proceeds of C$859,653.47, with a second tranche also potentially for C$859,653.47, subject to the Investor Group's discretion [5] Regulatory Approval - The Company has received approval from the Canadian Securities Exchange (CSE) to issue shares and warrants below C$0.05, as the Offering Price exceeds the volume-weighted average trading price for the previous 20 trading days [3] Use of Proceeds - Net proceeds from the Offering will be used for working capital purposes or as permitted under CSE policies [8] Investor Rights Agreement - An Investor Rights Agreement will be established, allowing the Investor Group to nominate two directors to the Board and granting them a right of first refusal on future financing for 18 months post-Tranche 1 Closing Date [9][10] Related Party Transaction - The Offering is classified as a "related party transaction" under Multilateral Instrument 61-101, as the Investor Group controls over 10% of the outstanding Common Shares [11] Shares for Debt Transaction - The Company will settle US$450,000 (approximately C$615,780) in debt to Zerkalo, LLC by issuing 60,968,317 Common Shares at a deemed price of C$0.0101 per share [13] - This debt settlement relates to consultation services provided by Zerkalo under a master service agreement [14] Company Overview - Psyched Wellness is a Canadian health supplements company focused on mushroom-derived products, aiming to establish a leading brand in the functional food category in North America [16]
Teako Announces Private Placement and Shares for Debt Transaction
TMX Newsfile· 2026-01-07 00:14
Core Viewpoint - Teako Minerals Corp. is conducting a non-brokered private placement to issue up to 16,666,666 common shares at a price of $0.06 per share, aiming for gross proceeds of up to $1,000,000, alongside a debt settlement of $113,000 through the issuance of 1,883,333 shares [1][2]. Group 1: Offering and Debt Settlement - The Offering will involve the issuance of common shares at a price of $0.06, with the total gross proceeds expected to reach $1,000,000 [1]. - The Debt Settlement will settle $113,000 of indebtedness by issuing 1,883,333 common shares at the same price of $0.06 per share [1][2]. - The Company plans to close the Offering and Debt Settlement promptly, subject to customary conditions including approval from the Canadian Securities Exchange (CSE) [3]. Group 2: Use of Proceeds - The net proceeds from the Offering are intended for exploration activities and general working capital, supporting the Company's goal of pursuing additional project deals and potential revenue-generating work [4]. Group 3: Insider Participation and Related Transactions - An insider of the Company is expected to receive Settlement Shares as part of the Debt Settlement, which may be classified as a "related party transaction" under Multilateral Instrument 61-101 [7]. - The Company will rely on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of the transaction being less than 25% of its market capitalization [7]. Group 4: Company Overview - Teako Minerals Corp. is based in Vancouver and focuses on acquiring, exploring, and developing mineral properties in Norway, particularly targeting critical metals such as copper, cobalt, zinc, and molybdenum [8]. - The Company's Project Hub includes significant projects like Løkken and Venna, which are prospective for various minerals including copper, cobalt, and rare-earth elements [9][10].
Lucky Announces Shares For Debt Transaction
Thenewswire· 2025-12-19 21:10
Core Viewpoint - Lucky Minerals Inc. is addressing a failure-to-file cease trade order (FFCTO) issued by the British Columbia Securities Commission due to the late submission of its annual financial statements for the fiscal year ended October 31, 2024, which were filed on October 2, 2025 [1] Group 1: Financial Situation - The company plans to settle outstanding indebtedness amounting to $1,969,391.05 through the issuance of 19,693,908 common shares at a deemed price of $0.10 per share [2] - A significant portion of the debt, totaling $1,600,293.33, consists of principal and interest for convertible debentures [2] Group 2: Related Party Transactions - Directors and officers, including Pan Ocean Consulting Ltd., will convert approximately $190,000 of their outstanding fees into about 1,900,000 common shares as part of the debt settlement [3] - The issuance of common shares to directors and officers is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from certain requirements [5] Group 3: Regulatory Approval - The transaction is contingent upon approval from the TSX Venture Exchange and the revocation of the FFCTO [6]
MINILUXE ANNOUNCES PROPOSED SHARES FOR DEBT SETTLEMENT
Globenewswire· 2025-09-06 00:06
Core Viewpoint - MiniLuxe Holding Corp. plans to issue 345,000 Class A subordinate voting shares at CAD$0.40 per share to settle approximately USD$100,000 in debts owed to Cue Ball Capital, LLC for advisory and consulting services [1][2]. Group 1: Shares for Debt Transaction - The transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange [2]. - All securities issued will have a hold period of four months and one day from the issuance date [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" due to the involvement of an insider [3]. - The company will rely on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3]. - The shares issued to related parties do not exceed 25% of the company's market capitalization, allowing for exemption from minority approval [3]. Group 3: Company Overview - MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [5]. - The company aims to transform the self-care and nail care industry through better standards, technology, and a focus on healthier products [5]. - MiniLuxe has performed over 4 million services since its inception, emphasizing professional development and economic mobility for its workforce [5].