TORONTO, March 08, 2023 (GLOBE NEWSWIRE) -- Voyageur Mineral Explorers Corp. ("Voyageur" or the "Company") (CSE: VOY) announces that it will extend the expiry date by two years of a total of 1,386,682 common share purchase warrants (collectively, the "Warrants") which were issued pursuant to a warrant incentive program of the Company which closed on March 17, 2021 and April 8, 2021, respectively. The terms of the Warrants are as follows:
Issue Date | Number of Warrants | Exercise Price | Original Expiry Date
| New Expiry Date |
March 17, 2021 | 10,000 | $0.50 per share | March 23, 2023 | March 21, 2025 |
April 8, 2021 | 1,376,682 | $0.50 per share | April 10, 2023 | April 10, 2025 |
The Warrants are subject to an accelerated expiry provision where, if the Company's daily weighted average share price is greater than $0.75 for 15 consecutive trading days, the Company may, by notice to the Warrantholders, reduce the expiry date to not less than 30 days from the date of such notice.
All other terms of the Warrants remain the same.
Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the extension of the term of the Warrants held by insiders constitute a "related party transaction". The transaction is exempt from the formal valuation and minority shareholder approval requirements in Sections 5.4 and 5.6 of MI 61-101, respectively, pursuant to the exemptions in Subsection 5.5(a) and Paragraph 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeds 25% of the Company's market capitalization. The transaction is also exempt from the formal valuation requirement in Subsection 5.4 of MI 61-101 pursuant to the exemption in Subsection 5.5(b) of MI 61-101.
This release is being filed less than 21 days before the effective date of the amendments to the Warrants. This shorter period is reasonable and necessary in the circumstances as the Company wishes to carry out the amendments as expeditiously as possible given current market conditions. Furthermore, the CSE policy requires that amendments to warrant terms must be completed sufficiently in advance of their expiry date, and the Company is concerned that delay may preclude the holders of the Warrants expiring in October from enjoying the benefit of the Warrant extension alongside the other Warrantholders.
ABOUT VOYAGEUR MINERAL EXPLORERS CORP.
Voyageur is a Canadian junior mineral exploration company with a specific focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan, Canada. The Company owns a valuable package of royalties in the prolific Flin Flon greenstone belt, and has assembled a portfolio of base metal and precious metal prospects in Manitoba and Saskatchewan.
For further information please contact:
Fraser Laschinger
President and CEO
Voyageur Mineral Explorers Corp.
Tel: 647-242-5511
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the Option. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Voyageur to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Voyageur's public disclosure documents which are available on SEDAR at . Although Voyageur has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
多倫多,2023年3月8日(環球通訊社)--Voyageur Minery Explorers Corp.(旅行之旅“你還是”公司“)(CSE:VOY)宣佈將合共1,386,682份普通股認購權證(統稱為”認股權證“)根據本公司分別於2021年3月17日及2021年4月8日截止的認股權證激勵計劃發行。認股權證條款如下:
發行日期 | 手令的數目 | 行權價格 | 原到期日
| 新的到期日期 |
2021年3月17日 | 10,000 | 每股0.50美元 | 2023年3月23日 | 2025年3月21日 |
2021年4月8日 | 1376,682 | 每股0.50美元 | 2023年4月10日 | 2025年4月10日 |
該等認股權證須受加速到期條款規限,如本公司每日加權平均股價連續15個交易日高於0.75美元,本公司可向認股權證持有人發出通知,將到期日縮短至自該通知日期起計不少於30日。
認股權證的所有其他條款保持不變。
根據多邊文書61-101--在特別交易中保護少數擔保持有人(“米其林61-101“),延長內幕人士持有的權證期限,構成”關聯交易“。根據MI 61-101第5.5(A)節及第5.7(1)(A)段的豁免,該交易分別獲豁免遵守MI 61-101第5.4及5.6節的正式估值及小股東批准的要求,因為交易標的的公平市價或涉及利害關係方的代價的公平市價均不超過本公司市值的25%。根據MI 61-101第5.5(B)節的豁免,該交易亦獲豁免遵守MI 61-101第5.4節的正式估值要求。
本新聞稿是在認股權證修正案生效日期前不到21天提交的。考慮到目前的市場情況,公司希望儘快進行修訂,因此,這一較短的期限是合理和必要的。此外,CSE政策規定,對認股權證條款的修訂必須在其到期日之前充分完成,本公司關注到,延誤可能會使將於十月到期的權證持有人無法與其他認股權證持有人一起享受認股權證延期的好處。
關於Voyageur礦產勘探者公司。
Voyageur是一家加拿大初級礦產勘探公司,專注於加拿大馬尼託巴省西北部和加拿大薩斯喀徹溫省東北部的礦產資源。該公司在多產的弗林弗隆綠巖帶擁有一系列寶貴的特許權使用費,並在馬尼託巴省和薩斯喀徹溫省擁有賤金屬和貴金屬礦藏的投資組合。
欲瞭解更多資訊,請聯繫:
弗雷澤·拉辛格
總裁與首席執行官
旅行者礦產勘探者公司
電話:647-242-5511
加拿大證券交易所及其監管服務提供商(該術語在交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
前瞻性資訊
本新聞稿包含適用於加拿大證券法的“前瞻性資訊”。前瞻性資訊包括但不限於與該選項有關的資訊。通常,前瞻性資訊可以通過使用前瞻性術語來識別,例如“計劃”、“預期”或“不預期”、“預期”、“預算”、“預定”、“估計”、“預測”、“打算”、“預期”或“不預期”、或“相信”或此類詞語和短語的變體,或陳述某些行動、事件或結果“可能”、“可能”、“將會”、“可能”或“將會採取”、“發生”,或者“被成就”。前瞻性資訊以資訊發佈之日管理層的意見和估計為基礎,以若干假設為基礎,受到已知和未知風險、不確定因素和其他因素的影響,這些風險、不確定性和其他因素可能導致Voyageur的實際結果、活動水準、業績或成就與此類前瞻性資訊明示或暗示的結果大不相同,包括與勘探、開發和採礦有關的風險,如影響勘探的經濟因素、未來商品價格、外匯和利率變化、當前生產、開發和勘探活動的實際結果、政府監管、政治或經濟發展、環境風險、允許的時間表。資本支出、與開發活動有關的經營或技術困難、員工關係、礦產勘探和開發的投機性,包括資源等級數量減少的風險、對物業所有權的爭奪、隨著計劃不斷完善而專案參數的變化以及Voyageur的公開披露檔案中討論的風險因素,這些風險因素可在SEDAR上查閱。儘管Voyageur試圖確定可能導致實際結果與前瞻性資訊中包含的結果大不相同的重要因素,但可能存在其他因素導致結果與預期、估計或預期的結果不同。不能保證這些資訊將被證明是準確的,因為實際結果和未來事件可能與這些資訊中預期的大不相同。因此,讀者不應過分依賴前瞻性資訊。除非依照適用的證券法,否則公司不承諾更新任何前瞻性資訊。