AsiaBaseMetals Inc. Closes Private Placement
AsiaBaseMetals Inc. Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2022) - AsiaBaseMetals Inc. (TSXV: ABZ) (the "Company") is pleased to announce that it has closed its non-brokered private placement for gross proceeds of $441,650 through the sale of 4,015,000 units ("Units") at a price of $0.11 per Unit (the "Private Placement"). Each Unit is comprised of one common share of the Company (a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase an additional Share at a price of $0.14 per Share for a period of five years.
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年4月27日)-亞洲基礎金屬公司(TSXV：ABZ) (“公司”)欣然宣佈，通過出售4,015,000個單位，完成了其非經紀私募，總收益為441,650美元(“單位“)，每單位售價0.11元(”私募配售“)。每個單位由一股本公司普通股組成(a”分享)及一份普通股認購權證(每份搜查令每份認股權證使持有人有權以每股0.14美元的價格購買額外股份，為期五年。
The proceeds from the sale of the Units are intended to be used to settle certain outstanding indebtedness of the Company and for general working capital purposes. No finders fees were issued under the Private Placement.
出售該等單位所得款項擬用於清償本公司若干未清償債務及作一般營運資金用途。在私募計劃下，公司並未收取任何尋找人費。
The Private Placement is subject to final acceptance by the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four month hold period from the date of issue.
本次定向增發以多倫多證券交易所創業板最終接受為準。所有根據私募發行發行的證券將由發行日期起計有四個月的持有期。
Multilateral Instrument 61-101
多邊文書61-101
Under the Private Placement, the following insiders of the Company purchased Units: Henry Park, a director of the Company, purchased 900,000 Units through a company controlled by Mr. Park; and Terrylene Penstock, a director of the Company, purchased 1,965,000 Units. Their participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be distributed in the Private Placement nor the consideration to be received for those securities, in so far as the Private Placement involves the insiders, exceeds 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Private Placement as the details of the Private Placement and the participation therein by related parties of the Company were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.
根據私募，公司的以下內部人士購買了單位：公司旗下董事亨利·帕克通過樸先生控制的公司購買了900,000個單位；公司董事旗下的泰倫·彭斯托克購買了1,965,000個單位。他們的參與被認為是多邊文書61-101所定義的“關聯方交易”(“米其林61-101該交易獲豁免遵守MI 61-101的正式估值及小股東批准規定，因為擬於私募中分派的證券的公平市值或就該等證券所收取的代價均不超過本公司市值的25%(就私募涉及內部人士而言)。本公司並無於預期私募結束前21天提交重大變動報告，原因是私募及本公司關聯方參與的詳情直至交易完成前不久才結算，而本公司基於合理的商業理由希望加快完成交易。
Early Warning Disclosure
預警信息披露
Terrylene Penstock acquired ownership of 1,965,000 Units under the Private Placement. Prior to the Private Placement, Terrylene Penstock held 2,940,015 Shares, which represented approximately 6.52% of the issued and outstanding Shares of the Company. After giving effect to the Private Placement Terrylene Penstock beneficially owns and controls a total of 4,905,015 Shares, 1,965,000 Warrants and 300,000 Options. These securities represent 9.99% of the Company's issued and outstanding Shares on a non-diluted basis or 13.96% of the Company's issued and outstanding Shares on a partially diluted basis assuming exercise of Terrylene Penstock's Warrants and Options only. Terrylene Penstock acquired the Units for investment purposes. Terrylene Penstock intends to evaluate her investment in the Company and to increase or decrease her shareholdings from time to time as he may determine appropriate. A copy of the early warning report being filed by Terrylene Penstock may be found on the Company's SEDAR profile at .
Terrene Penstock根據私募獲得了1,965,000個單位的所有權。在定向增發之前，Terrene Penstock持有2,940,015股，約佔公司已發行和已發行股份的6.52%。私人配售生效後，Terrene Penstock實益擁有及控制合共4,905,015股股份、1,965,000份認股權證及300,000份期權。這些證券在非攤薄基礎上佔公司已發行和流通股的9.99%，或在部分攤薄的基礎上佔公司已發行和流通股的13.96%，假設只行使Terrene Penstock的認股權證和期權。Terrene Penstock出於投資目的收購了這些單位。特雷琳·彭斯托克打算評估她在本公司的投資，並根據他的決定不時增加或減少她的股份。Terrene Penstock正在提交的預警報告的副本可在公司的SEDAR簡介中找到，網址為：。
For more information please email info@asiabasemetals.com.
欲瞭解更多信息，請發送電子郵件至info@asiabasemetals.com。
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券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。
Contact Information:
AsiaBaseMetals Inc.
Raj Chowdhry, Chief Executive Officer
Email: info@asiabasemetals.com
聯繫方式：
亞洲基礎金屬公司
首席執行官Raj Chowdhry
電子郵件：info@asiabasemetals.com
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company's intention to carry out the Private Placement and the use of proceeds from the Private Placement constitute "forward-looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will be able to use the proceeds of the Private Placement as anticipated. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, among others, inability to use the proceeds from the Private Placement as anticipated. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
有關前瞻性陳述的注意事項：本新聞稿中的某些披露，包括關於公司打算進行私募以及私募所得資金使用的聲明，構成了加拿大證券法所指的“前瞻性信息”。在本新聞稿中作出前瞻性陳述時，公司應用了公司認為合理的某些因素和假設，包括公司將能夠如預期的那樣使用定向增發的收益。然而，本新聞稿中的前瞻性陳述會受到許多風險、不確定因素和其他因素的影響，這些風險、不確定因素和其他因素可能會導致未來的結果與這些前瞻性陳述中明示或暗示的結果大不相同。這些不確定性和風險包括無法按照預期使用私募所得資金等。不能保證這樣的陳述將被證明是準確的，實際結果和未來事件可能與此類陳述中預期的大不相同。告誡讀者不要過度依賴前瞻性陳述。除法律要求外，公司不打算、也明確不承擔任何因新信息、未來事件或其他原因而更新或修改任何前瞻性陳述的意圖或義務。
Not for distribution to United States newswire services or for dissemination in the United States
不得分發給美國通訊社或在美國境內傳播
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