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Bird River Resources Inc. Enters Into a New Letter of Intent With Gestion Faraday Energie Inc.

Bird River Resources Inc. Enters Into a New Letter of Intent With Gestion Faraday Energie Inc.

Bird River Resources Inc. 与 Gestion Faraday Energie Inc. 签订了新的意向书
Accesswire ·  2023/02/28 20:05

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

不得分发给美国新闻社或在美国境内传播

WINNIPEG, MB / ACCESSWIRE / February 28, 2023 / Bird River Resources Inc. (CSE:BDR) ("Bird River" or the "Corporation") is pleased to announce it has entered into a new non-binding letter of intent dated February 27, 2023 (the "Letter of Intent") with Gestion Faraday Energie Inc. ("Faraday"), which includes the following key components:

温尼伯,MB/ACCESSWIRE/2023年2月28日/鸟河资源公司(CSE:BDR)(“鸟河“或”公司)很高兴地宣布已于2023年2月27日签订了一份新的不具约束力的意向书(意向书“)与Geth Faraday Energie Inc.(”法拉第“),包括以下关键组成部分:

  1. the reverse take-over of Bird River by the shareholders of Faraday (the "Proposed Transaction");
  2. a change of name of Bird River to "Faraday Renewable Power Corp.", or such other name as may be determined by Faraday (the "Name Change");
  3. the consolidation of Bird River's common shares on a 2-for-1 basis (the "Consolidation");
  4. the continuance of Bird River from the Corporations Act (Manitoba) to the Canada Business Corporations Act (the "Continuance");
  5. a private placement of subscription receipts of Bird River to raise a minimum of $3,500,000 and a maximum of $5,000,000 prior to the closing of the Proposed Transaction (the "Private Placement"); and
  6. an unsecured loan from Bird River to Faraday in the principal amount of $250,000 (the "Loan").
  1. Faraday股东对Bird River的反向收购(The建议的交易");
  2. 将Bird River更名为“Faraday Renewable Power Corp.”,或由Faraday(The)决定的其他名称更名");
  3. Bird River的普通股以1赔2的方式合并(整固");
  4. 伯德河的延续《公司法》(马尼托巴省)加拿大商业公司法(“连续性");
  5. 私人配售Bird River的认购收据,以筹集最少3,500,000元至最多5,000,000元,于建议交易完成前(“私募“);及
  6. Bird River向Faraday提供的本金为250,000美元的无担保贷款(“贷款").

Description of Faraday

法拉第的描述

Faraday is a private Quebec corporation which owns two subsidiaries, HydroAbitibi Inc. and Renewable Energy Abitibi Inc. The Subsidiaries operate two hydro-electric power plants, Centrale Hydro-Électrique La Sarre 1 (1,050 KWh) and Centrale Hydro-Électrique La Sarre 2 (800 KWh). The Power Plants have a combined output of approximately 1,850 KWh, and are located on the La Sarre River, approximately 75 km north of Rouyn Noranda, Québec, and 700 km north of Toronto, Ontario.

法拉第是魁北克的一家私营公司,拥有两家子公司--海德鲁阿比蒂比公司和可再生能源阿比蒂比公司。这两家子公司经营着两座水电站:Centrale Hydro-ÉLeectrique La Sarre 1(1,050千瓦时)和Centrale Hydro-ÉLeectrique La Sarre 2(800千瓦时)。这两家发电厂的总发电量约为1,850千瓦时,位于拉萨雷河上,位于罗因诺兰达以北约75公里、QuéBEC以北约75公里、安大略省多伦多以北700公里处。

The Proposed Transaction

拟议的交易

The Proposed Transaction, which may be structured as an amalgamation or other business combination, shall result in Bird River acquiring all of the issued and outstanding shares of Faraday held by its shareholders in exchange for:

拟议的交易可能是合并或其他业务合并的结构,将导致Bird River收购其股东持有的Faraday的所有已发行和流通股,以换取:

  1. 10,000,000 common shares of Bird River after giving effect to the Consolidation (each, a "Post-Consolidation Share");
  2. 5,000,000 transferable Post-Consolidation Share purchase warrants (each, a "Warrant") entitling the holder to acquire one Post-Consolidation Share for a period of 60 months following the closing of the Proposed Transaction at a price equal to the higher of (i) $0.20; and (ii) the minimum authorized by the CSE; and
  3. a cash payment of $1,300,000.
  1. 实施合并后,鸟河1000,000,000股普通股(每股,A合并后股份");
  2. 5,000,000股合并后可转让的认股权证(每份,一份)搜查令“)让持有人有权在建议的交易完成后的60个月内,以相等于(I)0.20元中较高者的价格收购一股合并后股份;及(Ii)联交所认可的最低价格;及
  3. 现金支付130万美元。

The Proposed Transaction, if completed, will constitute a "Fundamental Change" for Bird River pursuant to Policy 8 of the CSE.

拟议中的交易如果完成,将构成根据CSE政策8对Bird River的“根本性改变”。

In connection with the closing of the Proposed Transaction, it is contemplated that the board of directors of the resulting issuer will be reconstituted to be comprised of a minimum of three and a maximum of five members to be nominated by Faraday. After the closing of the Proposed Transaction, the officers of Bird River will be appointed by the new Board of Directors of Bird River.

关于拟议交易的完成,预计由此产生的发行人的董事会将进行重组,由Faraday提名的最少3名至最多5名成员组成。在拟议交易完成后,鸟河的高级职员将由鸟河的新董事会任命。

In accordance with the Letter of Intent, the Corporation intends to effect a small non-brokered private placement financing of up to $150,000 of common shares, with the price per share to be determined in the context of the market at the minimum price authorized by the CSE. The proceeds of this small financing is to be used by the Corporation for general working capital purposes and to pay for expenses related to Proposed Transaction and the Private Placement of Subscription Receipts described below.

根据意向书,本公司拟进行一项最多150,000元普通股的小额非经纪私募融资,每股价格将按联交所批准的最低价格在市场范围内厘定。这笔小额融资的收益将由公司用于一般营运资金用途,并用于支付与拟议交易和私募认购收据相关的费用,如下所述。

The Proposed Transaction is subject to certain conditions precedent, including, among other things, the completion of satisfactory mutual due diligence, execution of a definitive legal agreement, the completion of the Private Placement and receipt of all requisite approvals, including that of the CSE.

拟进行的交易须遵守若干先决条件,包括(其中包括)完成令人满意的相互尽职调查、签署最终法律协议、完成私募配售及获得所有必需的批准,包括CSE的批准。

The Private Placement

私募配售

In conjunction with, and prior to the closing of the Proposed Transaction, Bird River intends to complete a Private Placement of subscription receipts (the "Subscription Receipts") to raise a minimum of $3,500,000 and a maximum of $5,000,000 at an anticipated price of $0.50 per Subscription Receipt. Upon the fulfilment of all escrow release conditions set forth in the subscription receipt agreement governing the Subscription Receipts, which shall include the closing of the Proposed Transaction within 120 days following the closing of the Private Placement, each Subscription Receipt shall be automatically exchanged for one Post-Consolidation Share and one Post-Consolidation share purchase warrant entitling the holder to acquire one Post-Consolidation Share for the price of $0.90 per Post-Consolidation Share until the date that is twenty-four 24 months following the closing of the Proposed Transaction.

在建议的交易完成之前,鸟河公司打算私募认购收据(“认购收据“)筹集最少3,500,000元及最多5,000,000元,每张认购收据的预期价格为0.5美元。认购收据协议所载有关认购收据的所有托管释放条件(包括于私募完成后120天内完成建议交易),每张认购收据将自动交换一份合并后股份及一份合并后股份购买权证,使持有人有权以每股0.90美元的价格收购一股合并后股份,直至建议交易完成后24至24个月为止。

The Loan

贷款

In connection with the Proposed Transaction, Bird River has made a Loan in the principal amount of $250,000 to Faraday, half of which shall be reimbursed to Bird River if the closing of the Proposed Transaction does not occur by August 30, 2023.

关于拟议的交易,Bird River已向Faraday提供本金25万美元的贷款,如果拟议的交易未能在2023年8月30日之前完成,其中一半将偿还给Bird River。

Additional Information Regarding the Proposed Transaction

有关拟议交易的其他信息

Further details of the Proposed Transaction (including business and financial information in respect of Faraday) and the Private Placements will be included in a subsequent press release and other disclosure documents to be filed by Bird River in connection with the Proposed Transaction.

建议交易的进一步细节(包括与Faraday有关的商业和财务信息)和私募将包括在Bird River将提交的与建议交易相关的后续新闻稿和其他披露文件中。

About Bird River Resources Inc.

关于Bird River Resources Inc.

Founded in 1958, Bird River Resources Inc. is a Canadian natural resources company with a focus on the renewable energy sector and resource exploration activities. Bird River holds a net smelter royalty (NSR) interest on a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border. Additional information on the Corporation is available at .

伯德河资源公司成立于1958年,是一家加拿大自然资源公司,专注于可再生能源领域和资源勘探活动。Birds River在靠近安大略省边界的马尼托巴省东北部Bird River Sill地区的一处铂钯矿区持有冶炼厂特许权使用费(NSR)净权益。有关该公司的其他资料,请浏览。

For further information, contact:

欲了解更多信息,请联系:

Bird River Resources Inc. Gestion Faraday Energie Inc.
Jon Bridgman, CEO & Director
Tel: 1-877-587-0777
Email: jonbirdriver@gmail.com
Martin Dallaire, CEO & Director
Tel: 1-819-763-6663
Email: martin@hydroabitibi.com
鸟河资源公司。 盖克斯法拉第能源公司。
乔恩·布里奇曼,董事首席执行官
电话:1-877-587-0777
电子邮件:jonBirDRIVER@gmail.com
董事首席执行官马丁·达莱尔
电话:1-819-763-6663
电子邮件:电子邮箱:martin@ahabitibi.com

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including, without limitation: the proposed terms of the Proposed Transaction, including the reconstitution of the board and management of the resulting issuer; the proposed terms of the Private Placements and the Loan; the proposed Continuation, Name Change and Consolidation. All statements, other than statements of historical fact, constitute forward-looking statements and are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which management believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and, accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include, but are not limited to, the completion of satisfactory mutual due diligence, execution of a definitive legal agreement reflecting the terms of the Proposed Transaction, the completion of the Private Placement and receipt of all requisite approvals for the Proposed Transaction, the Private Placement, the Continuance, Name Change and Consolidation; and other factors beyond the Corporation's control, as well as the risks and uncertainties which are more fully described in our annual and quarterly management's discussion and analysis and in other filings made by the Corporation with Canadian securities regulatory authorities under the Corporation's profile at . The Corporation disclaims any obligation to update or revise any forward-looking information or statements except as may be required by applicable laws.

本新闻稿包含适用证券法定义的“前瞻性信息”和“前瞻性陈述”,包括但不限于:拟议的交易条款,包括董事会的重组和由此产生的发行人的管理;私募和贷款的拟议条款;拟议的延续、更名和合并。 除有关历史事实的陈述外,所有陈述均属前瞻性陈述,并经常以“可能”、“将会”、“应该”、“预期”、“计划”、“预期”、“相信”、“估计”、“打算”等字眼识别,并反映管理层根据其经验、现状、对未来发展的预期及管理层认为合理及相关的其他因素而作出的假设、估计、意见及分析。前瞻性信息和陈述涉及已知和未知的风险和不确定因素,可能导致实际结果、业绩和成就与前瞻性信息和陈述明示或暗示的大不相同,因此不应过分依赖。可能导致实际结果不同的风险和不确定性包括但不限于:完成令人满意的相互尽职调查、签署反映拟议交易条款的最终法律协议、完成私募并收到拟议交易的所有必要批准、私募、持续、更名和合并;以及公司无法控制的其他因素,以及在公司年度和季度管理层的讨论和分析以及公司提交给加拿大证券监管机构的其他文件中更全面描述的风险和不确定因素,这些风险和不确定因素已在公司在。除适用法律可能要求外,公司不承担任何更新或修改任何前瞻性信息或陈述的义务。

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Corporation and management, as well as financial statements.

本新闻稿中提及的证券没有,也不会根据修订后的1933年《美国证券法》进行注册,如果没有在美国注册或没有美国注册要求的适用豁免,不得在美国境内或向美国人提供或出售,或为美国人的账户或利益而提供或销售。本新闻稿不构成出售证券的要约,也不招揽购买任何证券的要约。在美国公开发行证券必须通过招股说明书的方式进行,招股说明书中包含关于公司和管理层的详细信息,以及财务报表。

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS MARKET REGULATOR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

加拿大证券交易所及其市场监管机构均不对本新闻稿的充分性或准确性承担责任。

SOURCE: Bird River Resources Inc.

资料来源:鸟河资源公司。


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