Shares for debt transaction
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Millennium Silver Corp. Announces Shares for Debt Transaction
TMX Newsfile· 2026-01-23 23:41
Core Viewpoint - Millennium Silver Corp. has entered into shares for debt agreements to settle $337,622 in debt owed to various creditors, aiming to preserve cash for working capital [1][2]. Debt Settlement Details - The Company will issue 22,508,132 common shares at a deemed price of $0.015 per share to creditors, which includes $190,375 owed to directors and officers, $122,247 owed to a firm associated with the CFO, and $25,000 owed to a family trust related to the former CEO [2]. - The issuance of shares is subject to approval from the Exchange and will have a four-month hold period from the date of issue [3]. Related Party Transaction - The Debt Settlement involves certain insiders, qualifying it as a "related party transaction" under Multilateral Instrument 61-101. The Company will rely on exemptions from valuation and minority approval requirements, as the transaction does not exceed 25% of the Company's market capitalization [4]. - Independent directors have assessed the transaction and deemed the fair market value of the securities issued to insiders as reasonable [4]. Company Overview - Millennium Silver Corp. focuses on the exploration and development of its projects in Nevada and trades on the TSX Venture Exchange under the symbol MSC [5].
Rio Silver Announces Proposed Shares for Debt Transaction
Globenewswire· 2025-11-06 11:00
Core Viewpoint - Rio Silver Inc. plans to settle $293,250 of debt through the issuance of common shares and warrants, subject to TSX Venture Exchange approval [1][2]. Group 1: Debt Settlement Details - The company intends to issue a total of 1,396,428 common shares at a deemed price of $0.21 per share and 420,238 common share purchase warrants [1]. - Of the common shares issued, 976,190 will be allocated to non-arm's length creditors, with no warrants issued to them [1]. - Each warrant is exercisable into a common share at a price of $0.28 per share for a period of three years from the date of issue [2]. Group 2: Regulatory and Financial Implications - The transaction is subject to a hold period of four months and one day from the date of issuance [2]. - Completion of the transaction will help the company improve its current working capital deficiency position [2].
TSX-V Exchange Approves Shares For Debt Transactions
Thenewswire· 2025-10-30 13:00
Core Points - Angkor Resources Corp. has received approval from the TSX Exchange for a 'shares for debt' transaction to address an aggregate debt of $1,922,800 owed to certain creditors [1][2] - The transaction involves the issuance of 9,156,190 shares at $0.21 each and 4,131,667 warrants, with each warrant exercisable at $0.30 for 24 months [2] - The common shares issued will be subject to a hold period of four months and one day following issuance [3] Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [4] - The company’s mineral subsidiary, Angkor Gold Corp., holds two mineral exploration licenses in Cambodia, while its energy subsidiary, EnerCam Resources, has an onshore oil and gas license covering 4,095.1 square kilometers [5] - Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been engaged in gas/carbon capture and oil and gas production in Evesham, Saskatchewan [6]
William Radvak Acquires 16.86% Ownership in Monitor Ventures Inc.
Newsfile· 2025-10-16 20:36
Core Viewpoint - William Radvak has acquired a 16.86% ownership stake in Monitor Ventures Inc. through a shares for debt transaction, indicating a significant investment in the company [1][2][3]. Group 1: Acquisition Details - The acquisition involved 665,000 common shares of Monitor Ventures Inc., resulting from a debt settlement with an arm's length party and an insider [2][3]. - Following the debt settlement, Radvak now controls 16.86% of the total issued and outstanding common shares of the company [3]. Group 2: Investment Intentions - The acquisition was made for investment purposes, with the intention to evaluate the investment and adjust holdings as circumstances change [4]. - As of the release date, there is no immediate intention from Radvak to acquire additional securities or dispose of existing securities of Monitor Ventures Inc. [4].
Granite Creek Obtains Securityholder Approval for Arrangement
Newsfile· 2025-08-05 20:41
Core Viewpoint - Granite Creek Copper Ltd. has received securityholder approval for its plan of arrangement with Cascadia Minerals Ltd., with approximately 92% of securityholders voting in favor of the transaction [1]. Group 1: Arrangement Details - The arrangement involves Cascadia acquiring all issued and outstanding common shares of Granite Creek, pending final court approval and customary closing conditions, with an expected closing date around August 13, 2025 [2]. Group 2: Financial Transactions - Granite Creek has secured a non-interest bearing bridge loan from Cascadia amounting to $375,000 to cover transaction expenses, structured in two tranches of promissory notes [3]. - The first tranche is $125,000 dated June 18, 2025, and the second tranche is $250,000 dated June 27, 2025, with a conversion right allowing Cascadia to convert the loan into Granite Creek shares at $0.05 per share [3]. Group 3: Shares for Debt Transaction - Granite Creek has settled approximately $521,000 of debt to TruePoint Exploration Inc. and a Carmacks North royalty holder by issuing 13,265,705 shares at a price of $0.04 per share, which will be exchanged for Cascadia shares under the arrangement [4]. - TruePoint holds 11,515,705 Granite Creek shares post-transaction, representing about 5.43% of the outstanding shares [6]. Group 4: Company Overview - Granite Creek is a growth stage exploration company focused on acquiring and developing properties with potential for precious base or battery metals, with its flagship asset being the Carmacks Project located in the high-grade Minto copper district in Yukon Territory, Canada [7].