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A2 Gold Announces Warrant Exercise Incentive Program
Thenewswire· 2025-12-29 14:15
Core Viewpoint - A2Gold Corp. has announced a warrant exercise incentive program to encourage the early exercise of 10,500,000 outstanding common share purchase warrants, which are exercisable at $0.70 per share until March 5, 2027 [1][2]. Incentive Program Details - The Incentive Program will run for 30 days, starting from December 29, 2025, and ending on January 28, 2026 [2]. - Holders who exercise an Eligible Warrant during the Incentive Period will receive one third of an additional common share purchase warrant (Incentive Warrant) for each Eligible Warrant exercised [3]. - Each whole Incentive Warrant allows the holder to acquire one additional common share at an exercise price of $1.00 per share for 12 months from issuance [3]. Issuance and Regulatory Compliance - Incentive Warrants will be issued promptly after the Incentive Period ends, and both the Incentive Warrants and any common shares issued will be subject to a four-month and one-day statutory hold period [4]. - Eligible Warrants that are not exercised during the Incentive Period will remain exercisable until March 5, 2027, but no Incentive Warrants will be issued for those exercised after the Incentive Period [5]. - The Incentive Program is contingent upon receiving all necessary regulatory approvals, including final approval from the TSXV [6]. Company Overview - A2Gold Corp. owns three gold projects in Nevada, a mining-friendly jurisdiction, with its flagship project being the Eastside Gold-Silver Project, which has a large and expanding resource [10].
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].
Canstar Completes Early Warrant Exercise Incentive Program with 100% Participation
Newsfile· 2025-09-26 11:25
Core Points - Canstar Resources Inc. has successfully completed its early warrant exercise incentive program, with 100% of outstanding warrants exercised [1][2] - The program resulted in the issuance of 10,357,369 common shares, generating gross proceeds of $517,868 [2] - A total of 26,665,500 warrants have been exercised since their issuance in January 2024, yielding gross lifetime proceeds of $1,333,275 [2] Incentive Program Details - Each exercised warrant under the program granted the holder an Incentive Warrant, allowing the purchase of one additional share at an exercise price of $0.07 for 12 months [2][9] - The Incentive Warrants include an acceleration provision, allowing the company to expedite their expiry if the share price exceeds $0.10 for ten consecutive trading days [3] - Following the completion of the program, no outstanding warrants remain available for exercise under their existing terms [4] Use of Proceeds - Proceeds from the Incentive Program will be allocated for general working capital purposes [4] Regulatory Information - All Incentive Warrants are subject to a statutory hold period of four months and one day from the date of issuance [5] - The completion of the Incentive Program is pending final acceptance by the TSX Venture Exchange [5] Company Overview - Canstar Resources Inc. is focused on exploring critical minerals and gold in Newfoundland, with significant projects including the Golden Baie Project and the Buchans and Mary March projects [7]