Latest news with #SharesforDebtTransactions
Toronto Star
3 days ago
- Business
- Toronto Star
Acceleware Ltd. Announces Closing of Shares for Debt Transactions
CALGARY, Alberta, Aug. 13, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. ('Acceleware' or the 'Company') (TSX-V: AXE), a leading innovator of cutting-edge radio frequency ('RF') power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for carbon capture and other applications), and enhanced oil production, is pleased to announce that further to its news release dated June 30, 2025, the Company has closed certain shares for debt transactions to settle $186,337 in certain trades payable, management fees and interest payable on convertible debentures of the Company by issuing up to 1,863,375 Units at a deemed price of $0.10 per Unit (the '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.
Cision Canada
21-05-2025
- Business
- Cision Canada
TAJIRI COMPLETES SHARES FOR DEBT TRANSACTIONS
VANCOUVER, BC, May 21, 2025 /CNW/ - Tajiri Resources Corp. (the " Company") (TSXV: TAJ) is pleased to announce that, further to its press release dated January 27, 2025, it has completed its previously announced shares for debt transactions (the " Shares for Debt Transactions"). An aggregate of 4,030,640 common shares of the Company (the " Debt Shares") have been issued to certain officers and a service provider in settlement of outstanding indebtedness totalling $201,532, representing fees owed to such parties. The Debt Shares were issued at a deemed price of $0.05 in accordance with the policies of the TSX Venture Exchange (the " TSXV"). Furthermore, the Debt Shares issued pursuant to the Shares for Debt Transactions will be subject to a hold period of four months and one day following the date of issuance in accordance with applicable securities laws and TSXV policies. Of the total $201,532 of debt converted, $120,000 represents amounts owed to insiders of the Company who participated in the Shares for Debt Transactions. The participation of certain insiders, being "related parties" of the Company means that the Shares for Debt Transactions are considered to be a "related party transaction" of the Company for purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company has completed the Shares for Debt Transactions in reliance on exemptions from the formal valuation and minority approval requirements of MI 61-101. In particular, the Shares for Debt Transactions are exempt from the formal valuation requirement under Section 5.4 of MI 61-101 pursuant to Section 5.5(b), as the Company is not listed on a specified market as defined in MI 61-101. The Shares for Debt Transactions are also exempt from the minority approval requirement under Section 5.6 pursuant to Section 5.7(1)(a), as the fair market value of the shares issued to related parties does not exceed 25% of the Company's market capitalization. The Company also reports that it has issued 7,250,000 million stock options to officers, directors, employees and consultants of the company, in accordance with the provisions of the company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the company at an exercise price of five cents for a five-year period, expiring May 21 st, 2030. Insiders' participation in the foregoing grant of securities constitutes a related party transaction, as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities acquired by the insiders nor the consideration for the securities paid by such insiders exceeds 25 per cent of the company's market capitalization. On Behalf of the Board, Tajiri Resources Corp. Graham Keevil, President & CEO About Tajiri Resources Corp. Tajiri Resources Corp. is a junior gold exploration and development company with exploration assets located in two of the world's least explored and highly prospective greenstone belts of Burkina Faso, West Africa and Guyana, South America. Led by a team of industry professionals with a combined 100 plus years' experience, the Company continues to generate shareholder value through exploration. Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Yahoo
21-05-2025
- Business
- Yahoo
TAJIRI COMPLETES SHARES FOR DEBT TRANSACTIONS
VANCOUVER, BC, May 21, 2025 /CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is pleased to announce that, further to its press release dated January 27, 2025, it has completed its previously announced shares for debt transactions (the "Shares for Debt Transactions"). An aggregate of 4,030,640 common shares of the Company (the "Debt Shares") have been issued to certain officers and a service provider in settlement of outstanding indebtedness totalling $201,532, representing fees owed to such parties. The Debt Shares were issued at a deemed price of $0.05 in accordance with the policies of the TSX Venture Exchange (the "TSXV"). Furthermore, the Debt Shares issued pursuant to the Shares for Debt Transactions will be subject to a hold period of four months and one day following the date of issuance in accordance with applicable securities laws and TSXV policies. Of the total $201,532 of debt converted, $120,000 represents amounts owed to insiders of the Company who participated in the Shares for Debt Transactions. The participation of certain insiders, being "related parties" of the Company means that the Shares for Debt Transactions are considered to be a "related party transaction" of the Company for purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has completed the Shares for Debt Transactions in reliance on exemptions from the formal valuation and minority approval requirements of MI 61-101. In particular, the Shares for Debt Transactions are exempt from the formal valuation requirement under Section 5.4 of MI 61-101 pursuant to Section 5.5(b), as the Company is not listed on a specified market as defined in MI 61-101. The Shares for Debt Transactions are also exempt from the minority approval requirement under Section 5.6 pursuant to Section 5.7(1)(a), as the fair market value of the shares issued to related parties does not exceed 25% of the Company's market capitalization. The Company also reports that it has issued 7,250,000 million stock options to officers, directors, employees and consultants of the company, in accordance with the provisions of the company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the company at an exercise price of five cents for a five-year period, expiring May 21st, 2030. Insiders' participation in the foregoing grant of securities constitutes a related party transaction, as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities acquired by the insiders nor the consideration for the securities paid by such insiders exceeds 25 per cent of the company's market capitalization. On Behalf of the Board,Tajiri Resources Corp. Graham Keevil,President & CEO About Tajiri Resources Corp. Tajiri Resources Corp. is a junior gold exploration and development company with exploration assets located in two of the world's least explored and highly prospective greenstone belts of Burkina Faso, West Africa and Guyana, South America. Led by a team of industry professionals with a combined 100 plus years' experience, the Company continues to generate shareholder value through exploration. Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Tajiri Resources Corp. 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Yahoo
16-05-2025
- Business
- Yahoo
Sage Potash Announces Shares for Debt Transactions
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") announces shares for debt transactions for an aggregate of 1,222,222 common shares of the Company (the "Shares for Debt Transactions"). Pursuant to the Shares for Debt Transactions, subject to approval of the TSX Venture Exchange ("TSXV"), the Company has agreed to issue an aggregate 1,222,222 common shares in the capital of Sage Potash ("Common Shares") to certain parties, one (1) of whom is an officer of the Company. The Shares for Debt Transactions are being completed to settle amounts owed in respect of financial advisory, consulting and management fees incurred by the Company. Subject to TSXV approval, the Common Shares to be issued pursuant to the Shares for Debt Transactions will be issued at a deemed price of $0.27 per Common Share. All securities issued under the Shares for Debt Transactions will be subject to a four month hold period from the date of issuance. The proposed issuance of securities to an officer of the Company as part of the Shares for Debt Transactions will be a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects that such issuance of securities to an officer will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSXV and neither the expected fair market value of securities being issued to related parties nor the consideration being paid by related parties would exceed 25% of the Company's market capitalization. A material change report will be filed under MI 61-101 less than 21 days before the closing date of the Shares for Debt Transactions. The Company believes this shorter period is reasonable and necessary in the circumstances as the Company wishes to improve its financial position by reducing its accrued liabilities as soon as possible. Closing of the Shares for Debt Transactions is subject to TSXV acceptance. About Sage Potash Corp. Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox Basin situated in Utah. For further information, please refer to the Company's disclosure record on SEDAR+ ( or contact the Company by email at info@ On Behalf of the Board of Directors, Peter HogendoornCEO & Executive Chairman+1(604) 764-2158 Website: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash and with respect to the Shares for Debt Transactions, including regarding closing of such transactions and the proposed issuance of securities. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors and Uncertainties" in the Company's Management's Discussion & Analysis available for review under the Company's profile at Such forward-looking information represents management's best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. For media inquiries, please contact: Marcus van der Made, Investor Relations of Sage Potash Corp. - marcus@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
