Acceleware Ltd. Announces Closing of Shares for Debt Transactions
Each Unit issued under the Shares for Debt Transactions consists of one common share of the Company (a 'Common Share') and one common share purchase warrant of the Company (a 'Warrant'). Each Warrant entitles the holder to acquire one Common Share, at an exercise price of $0.20 for 24 months from the date of issuance. If the Common Shares trade at a closing price at or greater than $0.30 per Common Share for a period of thirty (30) consecutive trading days, Acceleware may accelerate the expiry date of the Warrants by giving 30 days notice to the holders thereof. The Common Shares, Warrants and Common Shares underlying the Warrants will be subject to a four (4) month plus one day hold period in accordance with securities legislation.
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- Toronto Star
Trident Resources To Commence 5,000m Diamond Drilling Program on Contact Lake High-Grade Gold Project, Saskatchewan
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We are also optimistic that our systematic exploration methodology will deliver success with additional new discoveries in our underexplored district scale land package,' said Jonathan Wiesblatt, CEO of Trident. ARTICLE CONTINUES BELOW The drill program at the Contact Lake mine site will comprise of 5,000 metres across 16 holes with the aim of confirming and extending gold mineralization along strike and down-dip from the historically defined gold mineral resources. The Contact Lake mine was operated by Cameco between December 1994 to May 1998 when 1,006,673 tonnes of ore were processed at a head grade of 6.16 grams per tonne (g/t) Au for a reported 188,185 ounces of gold (Au) recovered with life of mill recovery rate stated at 95%. Contact Lake hosts significant underground infrastructure and exploration potential in the areas immediately adjacent to the underground development. Cameco reported that substantial historically defined gold resources were left in the ground when mining activities were terminated at a time when the gold price was approximately $300/ounce. Contact Lake Gold Project Plan View: The Contact Lake deposit is hosted within the northeast trending Bakos shear zone, which cuts through the granitic portion of the Little Deer Lake composite pluton. The auriferous Bakos shear zone has been drill-defined at between 15 to 40 metres in width over a strike length of greater than 2 km. The 2025 drilling will focus on extending gold mineralization between the underground development and the unmined resources of the BK3 zone, located immediately northeast of the former mine site. Drilling will also target down-dip extensions of the high-grade gold mineralization of the main zone as these types of shear-hosted gold deposits commonly extend at depth providing strong discovery potential below the currently defined dimensions of the Contact Lake deposit. Cyr Drilling from Winnipeg, Manitoba, has been chosen as the drill contractor and is mobilizing their personnel and drill equipment to Contact Lake. All drill cores will be logged, photographed and processed on site throughout the program. Data collection will include geologic, geotechnical and a full 48 element analytical suite in conjunction with a comprehensive QA / QC program with lab-certified standards, field blanks and duplicates comprising >10% of the sample stream. All 2025 data will be incorporated into the existing Contact Lake database and utilized in future exploration programs on the project. Location Map of Planned Drill Holes: The initial drill holes of the 2025 program will be focused on the discovery of shallow gold mineralization immediately northeast of the Contact Lake Main Zone (MZ1), which produced the majority of gold resources during mining operations. 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Telephone: 647-309-5130 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@ NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Forward-Looking Information and Statements This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information.
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The stablecoins acquired as part of this deployment will serve as a liquid base layer, enabling flexible, real-time acquisition of planned upcoming investments across decentralized AI networks, validator systems, and infrastructure-layer digital assets. A subsequent press release will announce the Company's first strategic digital asset allocation into assets that enable participation in and support for the foundational and infrastructure layers of leading decentralized AI technology networks—potentially including tokens such as BTC, ETH, FET and others—together with the commencement of staking operations that contribute to the functionality and security of those networks. Financing The Company intends to undertake a non-brokered private placement offering of units (each a "Unit") at a price of $0.87 per Unit to raise gross proceeds of up to $5 million (the "Offering"). Each Unit will consist of one class "A" shares (each a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Share at an exercise price of $1.08 for a period of 36 months following the closing of the Offering, subject to accelerated expiry in certain circumstances. In the event that the Shares become listed for trading on either a senior Canadian stock exchange (including without limitation the Toronto Stock Exchange or the Cboe Canada Exchange), NASDAQ or the NYSE (in either case, the "Triggering Event"), the expiry date of the Warrants will be automatically accelerated, irrespective of whether the Company gives notice thereof to the holders of the Warrants by way of news release, and the Warrants will expire on the first day that is ten trading days after the date of the Triggering Event (the "Accelerated Exercise Period"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period. The net proceeds of the Offering will be used for acquisitions of digital currencies, development of AI Agents, validator hardware acquisitions, research & development and marketing, repayment of existing accounts payable, investor relations expenditures, working capital requirements and other general corporate purposes. In particular, the Company intends to use the net proceeds of the Offering to acquire a portion of the up to $500,000 in digital assets disclosed in this press release and fund a portion of the costs of the FSN (defined below) marketing services disclosed below. The securities issued in the Offering will be subject to a statutory hold period of four months and one-day. The Company retains the right to increase the gross proceeds of the Offering to up to $10 million in the context of the market. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registrations are available. No public offering of securities is being made in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. Investor Relations The Company is also pleased to announce that it has entered into an agreement with Financial Star News Inc. ("FSN") of 701 West Georgia Street, #1500, Vancouver, BC V7Y 1C6, e-mail [email protected]; telephone: 778-707-0363, to provide marketing services which are expected to commence during August 2025 and continue until terminated on thirty days' notice. The services provided by FSN will include the creation of campaigns, ad groups, text ads, display ads, performance of detailed keyword research, setup and management of remarketing campaigns, optimizing keyword options, coordinating online advertisers and marketers, corresponding to online marketing targets, creating landing pages for ad campaigns and generally bringing attention to the business of the Company. The promotional activity undertaken by FSN will occur on a landing page, and via Google ads and native advertising. The Company will pay a fee of up to USD$500,000 (plus GST) for the marketing services. The Company will not issue any securities to FSN as compensation for its marketing services. As of the date hereof, to the Company's knowledge, FSN (including its directors and officers) own 333,333 Shares of the Company. FSN has an arm's length relationship with the Company. About Intellistake Intellistake's mission is to provide traditional investors with regulated access to the intersection of artificial intelligence and blockchain technology, through familiar stock exchange mechanisms. The Company seeks to eliminate technical barriers including digital asset wallet management and private key security, while addressing the institutional access gap that has historically limited participation to celebrities and venture capitalists with early access to private AI companies. For additional information on the business of Intellistake please refer to Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" concerning anticipated developments and events related to the Company that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, all statements in respect of the Company's growth and development, the operations and business segments of the Company, expectations regarding the market for digital currencies and decentralized AI, support for decentralized AI and blockchain networks, expected allocation amounts for and selection of digital currencies, leveraging blockchain technology to support long-term stakeholder value, a broader strategy to grow the Company's position in AI and tech digital assets, commencement of staking operations, the expected gross proceeds of the Offering and the use of proceeds from the Offering. In certain cases, forward-looking information can be identified by the use of words such as "expects", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "would", or "might" suggesting future outcomes, or other expectations, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, the Company will continue to have access to financing until it achieves profitability; the technology and blockchain industries in which the Company intends to focus its business in will grow at the rate and in the manner expected; the ability to attract qualified personnel; the success of market initiatives and the ability to grow brand awareness; the ability to distribute Company's services; the Company creates strategies to mitigate risks associated with cryptocurrency price fluctuations; the Company remains compliant with all applicable laws and securities regulations; the Company engages and collaborates with local experts, as necessary, to address jurisdiction-specific matters and ensures compliance with foreign regulations to avoid penalties; the Company addresses any potential cybersecurity threats promptly and effectively; and the ability to successfully deploy the new business strategy as a result of the change of business. While the Company considers these assumptions to be reasonable, they may be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed by the forward-looking information. Such factors include risks related to general business, economic and social uncertainties; failure to raise the capital necessary to fund its operations; inability to create strategies to mitigate the risks associated with cryptocurrency price fluctuations; the costs of regulation in the digital asset industries increase to the extent that the Company is no longer generating sufficient returns for shareholders; failure to promptly and effectively address cybersecurity threats; insufficient resources to maintain its operations on a competitive basis; and the actual costs, timing and future plans differs expectations; legislative, environmental and other judicial, regulatory, political and competitive developments; the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the Company's success may depend on the continued involvement of key personnel, including advisors, whose involvement cannot be guaranteed; institutional adoption of decentralized AI infrastructure remains uncertain and may not occur at the pace or scale anticipated; evolving regulatory frameworks, including those related to AI (such as Canada's proposed Artificial Intelligence and Data Act), may impose additional compliance burdens or restrict certain business activities; valuation figures are based on publicly available market data and internal assessments at the time of the referenced transactions and may not reflect current or future valuations; the volatility of digital currency prices; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties; delay or failure to receive regulatory approvals; failure to attract qualified personnel, labour disputes; and the additional risks identified in the "Risk Factors" section of the Company's filings with applicable Canadian securities regulators. Although the Company has attempted to identify factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update forward-looking information.
