Champion Bear Provides Update on Equity Offering and Announces Conditional Approval of Expedited Acquisition
Champion Bear Provides Update on Equity Offering and Announces Conditional Approval of Expedited Acquisition
Calgary, Alberta--(Newsfile Corp. - July 21, 2022) - Champion Bear Resources Ltd. (TSXV: CBA) ("Champion Bear" or the "Company") announced today that it is nearing completion of a private placement, subject to final approval of the TSX Venture Exchange, for 781,609 common shares of the Company at a price of $0.10875 per share for total gross proceeds of $85,000. This placement is to John E Squarek, a director of the company. This is an update to the Company's November 24, 2021 news release with respect to this private placement.
卡爾加里，艾伯塔省-(Newsfile Corp.-2022年7月21日)-冠軍熊資源有限公司(多倫多證券交易所股票代碼：CBA)("冠軍熊“或”公司“)今天宣佈，有待多倫多證券交易所最終批准，以每股0.10875美元的價格向公司旗下董事John E Squarek定向增發781,609股公司普通股，總收益85,000美元。這是公司2021年11月24日新聞稿的最新內容。
Champion Bear intends to use the proceeds of the offering for general corporate purposes.
冠軍熊打算將此次發行所得資金用於一般企業用途。
All securities issuable under the private placements will be subject to a hold period of four months and one day from the closing date.
所有根據私人配售發行的證券將受自截止日期起計四個月零一天的持有期限制。
The Company intends to address its current working capital deficiency by conducting additional equity offerings subject to favorable market conditions during the second half 2022.
該公司打算在2022年下半年根據有利的市場條件進行額外的股權發行，以解決目前的營運資金短缺問題。
Champion Bear is also pleased to announce that it has received the TSX Venture Exchange's conditional approval for the Company's previously announced expedited acquisition application (the "Application") with the TSX Venture Exchange (the "TSXV"). The Application was made in connection with the Company's option to re-acquire a 100% interest in certain mining claims in the Kenora area of Ontario. These claims, if acquired by the Company, relate to all the claims for its core Eagle Rock property. This option was granted to the Company by two arm's length parties (together, the "Optionor") in November of 2021 and pursuant to its terms the Company has provided the Optionor with a non-refundable payment of $20,000 and has agreed to make additional payments totaling an aggregate of $96,000 over the course of the next four years and issue the Optionor 400,000 common shares of the Company at a deemed price per share of $0.10875 upon completion of the acquisition. When these terms are met, the Company will have earned a 100% interest in these claims. The Company at its sole discretion may make any of the payments and issuance of shares on dates that are earlier in time than noted above. As part of the agreement with this option, Champion Bear will pay a 1.5% net smelter royalty in the event the Company acquires the claims and commercial production begins on them and in such instance the Company has the right to buy back 0.5% this royalty for $1 million. The Company intends to fund the option payments through additional funds anticipated to be raised in the future from an equity financing. The Application (including the issuance of 400,000 Common Shares of the Company) is subject to the final approval of the TSXV.
冠軍熊亦欣然宣佈，已獲多倫多證券交易所有條件批准本公司先前向多倫多證券交易所(“多倫多證券交易所”)宣佈的快速收購申請(“申請”)。該申請與本公司選擇重新收購安大略省凱諾拉地區若干採礦權益的100%權益有關。這些索賠如果被該公司收購，則涉及其核心鷹巖資產的所有索賠。此項購股權於2021年11月由雙方(合稱“購股權人”)授予本公司，根據其條款，本公司已向購股權人提供20,000美元不可退還款項，並已同意於未來四年期間額外支付合共96,000美元，並於收購完成後按每股0.10875美元之視為價格發行本公司購股權或400,000股普通股。當這些條款得到滿足時，公司將在這些索賠中賺取100%的利息。本公司可全權酌情決定於早於上述日期的日期支付及發行任何股份。作為與該期權達成的協議的一部分，冠軍熊將支付1.5%的淨冶煉廠特許權使用費，如果公司獲得這些權利並開始商業生產，在這種情況下，公司有權以100萬美元回購0.5%的特許權使用費。該公司打算通過預計未來從股權融資中籌集的額外資金來為期權支付提供資金。本申請(包括髮行400,000股本公司普通股)須待TSXV最終批准。
The issuance of common shares to Mr. Squarek pursuant to this private placement will be considered a related party transaction within the meaning of TSXV Policy 5.9 and MI 61-101. Champion Bear intends to rely on exemptions from the formal valuation and minority approval requirements in sections 5.5(c) and 5.7(b) of MI 61-101 in respect of such insider participation on the basis that 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 insider, exceeds $2,500,000.
根據本次私募向Squarek先生發行普通股將被視為多倫多證券交易所政策5.9和MI 61-101所指的關聯方交易。冠軍貝爾斯登打算根據MI 61-101第5.5(C)和5.7(B)條中關於此類內部人蔘與的正式估值和少數股東批准要求的豁免，以私募中將分配的證券的公平市場價值或該等證券的代價均不超過2,500,000美元為基礎。
This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
本新聞稿不應構成在任何司法管轄區出售證券的要約或購買證券的要約。所發行的證券沒有也不會根據修訂後的《1933年美國證券法》(The《美國證券法》“)，並且不得在美國境內或為美國人的賬户或利益而提供或出售，除非在某些交易中豁免美國證券法的註冊要求。
About Champion Bear
關於冠軍熊
Champion Bear is a mineral exploration company focused exclusively on the historically prospective regions of Ontario. The Company's primary targets are platinum group metals, precious metals, and polymetallic base metals deposits. Champion Bear's aim is to create shareholder value through selective property acquisition followed by focused exploration emphasizing drilling. The Company has assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares. Additional information about Champion Bear can be found on the Company's website at and on SEDAR at . For further information, please contact: Richard D. Kantor, Chairman and President of Champion Bear at phone: (403) 850-9103.
冠軍熊是一家專注於安大略省歷史上有遠景的地區的礦產勘探公司。該公司的主要目標是鉑族金屬、貴金屬和多金屬賤金屬礦牀。冠軍熊的目標是通過有選擇的財產收購創造股東價值，然後專注於勘探，強調鑽探。該公司在德萊登和薩德伯裏地區擁有大量土地，總面積超過16,000公頃。欲瞭解有關冠軍熊的更多信息，請訪問公司網站和SEDAR網站。欲瞭解更多信息，請聯繫冠軍熊公司董事長兼總裁理查德·D·坎特，電話：(403)8509103。
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN 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創業板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。
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
有關前瞻性信息的警示聲明：
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the potential development of resources and drilling plans which may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the market price of the Company's securities, metal prices, exchange rates, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company 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.
根據適用的加拿大證券法，本新聞稿包括某些“前瞻性陳述”。前瞻性陳述必須基於一些估計和假設，這些估計和假設雖然被認為是合理的，但會受到已知和未知的風險、不確定性和其他因素的影響，這些因素可能會導致實際結果和未來事件與此類前瞻性陳述明示或暗示的內容大不相同。所有涉及公司相信、預期或預期將會或可能發生的未來計劃、活動、事件或發展的陳述均為前瞻性信息，包括有關可能或可能發生的資源開發和鑽探計劃的陳述。本文包含的前瞻性陳述和信息基於以下因素和假設：公司證券的市場價格、金屬價格、匯率、税收、未來勘探和開發的估計、時間和金額、資本和運營成本、融資的可用性、監管批准的接收、環境風險、所有權糾紛、廠房、設備或流程未能按預期運行、事故、勞資糾紛、對保險範圍的索賠和限制以及採礦業的其他風險。國家和地方政府對採礦作業的監管和規章等事項的變化。不能保證這些陳述將被證明是準確的，因為實際結果和未來事件可能與這些陳述中預期的大不相同。因此，讀者不應過分依賴前瞻性陳述。除非法律要求，否則公司不會因為新信息、未來事件或其他原因而更新或修改任何前瞻性陳述，也不承擔任何義務。
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