Century Global Announces Closing of Oversubscribed Rights Offering
Century Global Announces Closing of Oversubscribed Rights Offering
TORONTO, July 19, 2023 (GLOBE NEWSWIRE) -- Century Global Commodities Corporation (TSX: CNT) (the "Company" or "Century") is pleased to announce that on July 14, 2023, the Company closed its previously announced rights offering which expired on July 7, 2023 (the "Rights Offering"). At closing, the Company issued 19,700,914 common shares of the Company (the "Shares") to rights holders at a price of $0.02 per Share for total gross proceeds of $394,018.28.
多倫多，2023 年 7 月 19 日（GLOBE NEWSWIRE）— 世紀環球大宗商品公司（多倫多證券交易所股票代碼：CNT） （那個”公司“或”世紀“）很高興地宣佈，公司於2023年7月14日完成了先前宣佈的供股，該供股已於2023年7月7日到期（”版權發行“)。收盤時，公司發行了19,700,914股公司普通股（”股份“）以每股0.02美元的價格向供股持有人發放，總收益爲394,018.28美元。
The Company received subscriptions for 4,337,033 Shares pursuant to the basic subscription privilege and 30,124,319 Shares pursuant to the additional subscription privilege, resulting in 100% of the Rights being subscribed, with an oversubscription of 75%. The additional subscriptions were pro rated within the 15,363,881 Shares remaining after the basic subscription privilege, and the excess subscription funds were returned to subscribers. The total number of issued and outstanding Shares upon completion of the Rights Offering will be 118,205,485. As the Rights Offering was oversubscribed, no Shares were purchased under the standby guaranty agreement among the Company, Sandy Chim and Thriving Century Limited.
公司根據基本認購特權收到了4,337,033股股票的認購，根據額外認購特權獲得了30,124,319股股票的認購，從而認購了100％的權利，超額認購了75％。額外的訂閱是 專業評級 在基本認購權限後剩餘的15,363,881股股票中，多餘的認購資金已退還給訂閱者。供股完成後，已發行和流通的股票總數將爲118,205,485股。由於供股被超額認購，根據公司、Sandy Chim和Hrivinging Century Limited之間的備用擔保協議，沒有購買任何股份。
To the knowledge of the Company, after reasonable inquiry insiders of the Company subscribed for an aggregate of 3,762,281 Shares through the exercise of their basic subscription privilege in the Rights Offering and purchased an additional aggregate amount of 10,671,261 Shares through their additional subscription privilege in the Rights Offering, representing total subscription proceeds of $288,670.84. To the knowledge of the Company, after reasonable inquiry, no person became a new shareholder holding more than 10% of the Shares upon closing of the Rights Offering.
據公司所知，經過合理的詢問，公司內部人士通過行使供股中的基本認購特權共認購了3,762,281股股票，並通過供股中的額外認購特權額外購買了總額爲10,671,261股股票，相當於認購總收入爲288,670.84美元。據公司所知，經過合理的詢問，在供股結束後，沒有人成爲持有超過10％股份的新股東。
The participation in the Rights Offering by certain "related parties" of the Company, namely, directors, officers and 10% shareholders of Company, constitutes a "related party transaction," as such terms are defined by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation and minority approval requirements of MI 61-101 as the fair market value of the participation in the Rights Offering does not exceed 25% of the market capitalization of the Company.
公司的某些 “關聯方”，即公司的董事、高級管理人員和10％的股東，參與供股構成 “關聯方交易”，正如多邊文書61-101所定義的那樣- 在特殊交易中保護少數證券持有人 (”MI 61-101“)。公司依賴MI 61-101的正式估值和少數股權批准要求的豁免，因爲參與供股的公允市場價值不超過公司市值的25％。
There were no selling fees or commissions paid in connection with the Rights Offering distribution. The net proceeds of the Rights Offering will be used in the manner disclosed in the rights offering circular of the Company dated May 31, 2023, a copy of which is available on the Company's SEDAR profile at .
沒有支付與供股發行相關的銷售費用或佣金。供股的淨收益將按照公司2023年5月31日的供股通告中披露的方式使用，該通告的副本可在公司的SEDAR簡介上查閱。
ABOUT CENTURY
大約一個世紀
Century Global Commodities Corporation (TSX: CNT) is primarily a resource exploration and development company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its own exploration team. It has other non-ferrous metals properties under exploration as well as a well-established food distribution business (Century Food) in Hong Kong.
Century Global Commodities Corporation（多倫多證券交易所股票代碼：CNT）主要是一家資源勘探和開發公司，在加拿大擁有數十億噸的鐵礦石項目組合，主要由其自己的勘探團隊發現。它還有其他有色金屬物業正在勘探，在香港還有一家成熟的食品分銷公司（Century Food）。
The Joyce Lake Direct Shipping Iron Ore Project
Joyce Lake 直航鐵礦石項目
Joyce Lake, our most advanced project, is an open pit direct shipping iron ore project in Newfoundland and Labrador, close to the town of Schefferville, Québec, which is serviced by a rail link directly to ocean shipping iron ore ports at Sept-Îles. The Project has completed an updated feasibility study in 2022 and is undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct Iron Inc. ("JDI"), in which Century owns 91.6%.
喬伊斯湖（Joyce Lake）是我們最先進的項目，是位於紐芬蘭和拉布拉多的露天直接運輸鐵礦石項目，靠近魁北克省舍弗維爾鎮，該鎮通過鐵路直接通往Sept-Iles的海運鐵礦石港口。該項目已於2022年完成了最新的可行性研究，目前正在進行環境評估。Joyce Lake 被關押在一輛特殊用途車輛 Joyce Direct Iron Inc.（”JDI“），其中 Century 擁有 91.6% 的股份。
Century Food
世紀食品
Century Food is a subsidiary operation of the Company which started a few years ago and is a value-adding marketing and distribution business of quality food products sourced from such regions as Europe and Australia and sold in the Hong Kong and Macau markets.
Century Food是該公司成立於幾年前的子公司，是一家增值營銷和分銷業務，產品來自歐洲和澳大利亞等地區，並在香港和澳門市場銷售。
For further information please contact:
欲了解更多信息，請聯繫：
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
IR@centuryglobal.ca
Sandy Chim，總裁兼首席執行官
世紀環球大宗商品公司
416-977-3188
IR@centuryglobal.ca
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
關於前瞻性信息的警示性聲明
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF CANADIAN SECURITIES LEGISLATION. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF CENTURY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. FORWARD-LOOKING INFORMATION INCLUDES INFORMATION THAT RELATES TO, AMONG OTHER THINGS, THE COMPLETION OF THE RIGHTS OFFERING AND USE OF PROCEEDS OF THE RIGHTS OFFERING, CENTURY'S OWNERSHIP AND PLANS FOR SPIN-0UT, LISTING, FINANCING AND DEVELOPMENT OF THE JOYCE LAKE DSO IRON ORE PROJECT, INCLUDING (I) ESTIMATES AS TO RESOURCES AND RESERVES FOR THE PROJECT, (II) ESTIMATES AS TO THE CAPITAL COSTS, OPERATING COSTS, PRODUCTION RATES, MINE LIFE, NET PRESENT VALUE AND RATES OF RETURN FOR THE PROJECT, (III) PROJECTIONS AS TO THE TIME FRAME FOR THE ADDITIONAL WORK REQUIRED TO COMPLY WITH THE PROVINCIAL ENVIRONMENTAL IMPACT ASSESSMENT GUIDELINES; (IV) THE ABILITY OF JDI TO CONCLUDE BENEFIT AGREEMENTS WITH FIRST NATIONS AND THE GOVERNMENT OF NEWFOUNDLAND AND LABRADOR; (V) THE TIMELINE FOR COMPLETION OF THE EIS PROCESS BY JDI; (VI) THE ABILITY OF JDI TO MEET ALL FEDERAL AND PROVISIONAL EIS REQUIREMENTS AND TO ULTIMATELY SECURE THE REQUIRED ENVIRONMENTAL PERMITTING; AND (VII) THE ABILITY OF JDI TO LIST ITS COMMON SHARES ON AN EXCHANGE, OF WHICH THERE IS NO ASSURANCE. FORWARD-LOOKING INFORMATION IS BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTIONS, ESTIMATES AND ANALYSES THAT, WHILE CONSIDERED REASONABLE BY CENTURY AT THE DATE THE FORWARD-LOOKING INFORMATION IS PROVIDED, ARE INHERENTLY SUBJECT TO SIGNIFICANT RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS AND EVENTS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD-LOOKING INFORMATION. THE RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD-LOOKING INFORMATION MAY INCLUDE, BUT ARE NOT LIMITED TO, RISKS GENERALLY ASSOCIATED WITH CENTURY'S BUSINESS, AS DESCRIBED IN CENTURY'S ANNUAL INFORMATION FORM FOR THE YEAR ENDED MARCH 31, 2023. INVESTOR SHOULD ALSO REVIEW THE JOYCE LAKE DSO IRON ORE PROJECT FEASIBILITY STUDY IN DETAIL IN ORDER TO FULLY UNDERSTAND THE RISKS AFFECTING THE PROJECT AND THE ESTIMATES INCLUDED IN THE PROJECT. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE CENTURY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
本新聞稿包含加拿大證券立法所指的 “前瞻性信息”。本新聞稿中包含的前瞻性信息代表了截至本新聞稿發佈之日的世紀預期，因此在此日期之後可能會發生變化。前瞻性信息包括與供股完成和供股收益的使用、CENTURY 的所有權和分拆計劃、JOYCE LAKE DSO 鐵礦石項目的上市、融資和開發計劃有關的信息，包括（I）該項目資源和儲量的估計，（II）資本成本、運營成本、生產率、礦山壽命、淨現值和回報率的估計該項目, (III) 對所需額外工作時間範圍的預測遵守省級環境影響評估指南；（IV）JDI與原住民以及紐芬蘭和拉布拉多政府簽訂福利協議的能力；（V）JDI完成EIS程序的時間表；（VI）JDI滿足所有聯邦和臨時EIS要求並最終獲得所需的環境許可的能力；（VII）JDI有能力將其普通股上市交換，對此沒有保證。除其他外，前瞻性信息基於觀點、假設、估計和分析，這些觀點、假設、估計和分析雖然在提供前瞻性信息之日被認爲是合理的，但本質上會受到重大風險、不確定性、突發事件和其他因素的影響，這些因素可能導致實際結果和事件與前瞻性信息所表達或暗示的結果和事件存在重大差異。可能導致實際業績與前瞻性信息所表達或暗示的業績存在重大差異的風險、不確定性、突發事件和其他因素可能包括但不限於與世紀業務相關的風險，如世紀截至2023年3月31日的年度信息表中所述。投資者還應詳細審查 JOYCE LAKE DSO 鐵礦石項目可行性研究，以充分了解影響該項目的風險以及項目中包含的估算。讀者不應過分重視前瞻性信息，也不應依賴其他任何日期的這些信息。儘管 CENTURY 可能選擇這樣做，但除非適用法律有要求，否則它不承諾在任何特定時間更新這些信息。
譯文內容由第三人軟體翻譯。