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A2 GOLD ANNOUNCES COMPLETION OF WARRANT EXERCISE INCENTIVE PROGRAM
Prnewswire· 2026-01-30 14:15
Core Viewpoint - A2Gold Corp. has successfully completed its warrant exercise incentive program, raising $5,800,480 through the exercise of 8,286,400 common share purchase warrants, which were originally issued in September 2025 at an exercise price of $0.70 per share [1][2]. Group 1: Incentive Program Details - The Incentive Program allowed each holder who exercised an Eligible Warrant to receive one third of an additional common share purchase warrant, termed as Incentive Warrants, which can be exercised at $1.00 per share for 12 months [2]. - A total of 2,762,137 Incentive Warrants were issued upon completion of the Incentive Program [2]. - The Incentive Warrants and the common shares issued upon their exercise are subject to a statutory hold period expiring on May 29, 2026 [3]. Group 2: Financial Utilization - Proceeds from the Incentive Program will be allocated for increased drilling at the Eastside project and for general corporate purposes [4]. Group 3: Insider Participation - Certain insiders of A2Gold exercised their Eligible Warrants, resulting in an aggregate of 11,217 Incentive Warrants being issued, which is classified as a related party transaction [5]. Group 4: Company Overview - A2Gold Corp. owns three gold projects in Nevada, with the Eastside Gold-Silver Project being the flagship, known for its large and expanding resource and favorable infrastructure [7].
Zimtu Capital Corp. Announces Closing of Warrant Exercise Incentive Program
Accessnewswire· 2025-12-01 22:50
Core Viewpoint - Zimtu Capital Corp. has successfully completed its warrant exercise incentive program, issuing a total of 4,359,687 incentive warrants to eligible holders, which can be exercised at a price of $0.75 per share until November 28, 2027 [1][2]. Group 1: Warrant Exercise Details - The eligible holders exercised a total of 4,359,687 warrants, generating gross proceeds of $2,090,802.65 [2]. - The breakdown of warrants exercised includes 1,780,817 at $0.45 issued on February 21, 2023, 2,116,370 at $0.50 issued on May 1, 2023, and 462,500 at $0.50 issued on July 14, 2023 [2]. - Any outstanding warrants not exercised will remain valid and can be exercised under their existing terms [2]. Group 2: Insider Participation - Certain directors and officers of the company exercised a total of 564,287 warrants, receiving an equal number of incentive warrants, which qualifies as a related party transaction [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements as the fair market value of the warrants received by insiders does not exceed 25% of the company's market capitalization [4]. Group 3: Regulatory Information - The incentive warrants and the common shares from their exercise are subject to a hold period of four months and one day from the issuance date, in accordance with Canadian securities laws [3].