Shares for Debt Transaction
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Teako Announces Private Placement and Shares for Debt Transaction
TMX Newsfile· 2026-01-07 00:14
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Teako Minerals Corp. (CSE: TMIN) (the "Company" or "Teako") announces a non-brokered private placement for the issuance of up to 16,666,666 common shares of the Company (the "Common Shares") at a price of $0.06 per Common Share for aggregate gross proceeds of up to $1,000,000 (the "Offering") and the approval of the settlement of $113,000 of indebtedness (the "Debt Settlement") through the issuance of an aggregate of 1,883,333 Common Shares ...
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].