VANCOUVER, BC, Nov. 24, 2023 /CNW/ – Four companies listed on the TSX Venture Exchange have made important announcements regarding their trading activities and private placements.
Meed Growth Corp. Resumes Trading After Canceling Proposed Transaction
Meed Growth Corp. (ticker: MEED.P), a TSX Venture Tier 2 Company, has announced that its securities will resume trading on Tuesday, November 28, 2023. The company made this decision after it decided not to proceed with its proposed transaction, which would have been considered a Qualifying Transaction under Exchange Policy 2.4. The news release confirming the cancellation of the proposed transaction was issued on November 21, 2023.
American Eagle Gold Corp. Secures Private Placement Funding
American Eagle Gold Corp. (ticker: AE) has successfully raised funds through a private placement. The TSX Venture Exchange has accepted the documentation for the Non-Brokered Private Placement, which was announced on November 20, 2023. The company issued 3,187,790 common shares at a price of $0.215 per share to two placees. There was no finder’s fee involved, and the closing of the private placement was confirmed in a news release on November 21, 2023.
Huntsman Exploration Inc. Acquires Legear Lithium Property
Huntsman Exploration Inc. (ticker: HMAN) has entered into an option agreement to acquire the Legear lithium property in the Patricia mining division in Northwestern Ontario. The TSX Venture Exchange accepted the filing of the agreement, which was dated November 3, 2023. As part of the acquisition, Huntsman Exploration will make a cash payment of $20,000 and issue 1,250,000 shares to the Optionor. The Property is subject to a 2% net smelter return (NSR) in favor of the Optionor, with the company having the option to buy 1% of the NSR for $500,000 in cash. Further details can be found in the company’s news release dated November 6, 2023.
Li3 Lithium Corp. Successfully Closes Non-Brokered Private Placement
Li3 Lithium Corp. (ticker: LILI) has closed its Non-Brokered Private Placement, as accepted by the TSX Venture Exchange. The documentation for the placement was filed on October 10, 2023. The company issued 3,400,000 common shares at a price of $0.05 per share, along with 3,400,000 share purchase warrants. Each warrant allows the purchaser to buy one share at a price of $0.10 within an 18-month period. The placement involved 10 placees, and no finder’s fee was paid. The closing of the private placement was confirmed in a news release on November 23, 2023.
Pan Global Resources Inc. Completes Private Placement
Pan Global Resources Inc. (ticker: PGZ) has successfully completed its Non-Brokered Private Placement, with documentation accepted by the TSX Venture Exchange. The placement, announced on October 4, 2023, and October 19, 2023, involved the issuance of 30,350,000 shares at a price of $0.20 per share. Additionally, 30,350,000 share purchase warrants were included in the placement, allowing warrant holders to purchase additional shares at a price of $0.30 within a period of three years, subject to an acceleration clause. The placement attracted 80 placees and involved both insider and pro group participation. The closing of the private placement was confirmed in a news release on November 1, 2023.
Sherpa II Holdings Corp. Extends Warrant Expiry Date
Sherpa II Holdings Corp. (ticker: SHRP) has received consent from the TSX Venture Exchange to extend the expiry date of its warrants. The company’s private placement involved a total of 1,500,000 warrants with an original expiry date of November 26, 2023. The new expiry date for these warrants is November 26, 2025. Another set of warrants, totaling 3,500,000, has also had its expiry date extended to November 26, 2025. The exercise price for both sets of warrants is $0.12.