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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.

鳥河資源公司進入新的意向書與法拉第能源公司.
Accesswire ·  2023/02/28 20:05

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

不得分發給美國新聞社或在美國境內傳播

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/鳥河資源公司(CSE:BDR)(“鳥河“或”公司)很高興地宣佈已於2023年2月27日簽訂了一份新的不具約束力的意向書(意向書“)與Geth Faraday Energie Inc.(”法拉第“),包括以下關鍵組成部分:

  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股東對Bird River的反向收購(The建議的交易");
  2. 將Bird River更名為“Faraday Renewable Power Corp.”,或由Faraday(The)決定的其他名稱更名");
  3. Bird River的普通股以1賠2的方式合併(整固");
  4. 伯德河的延續《公司法》(馬尼託巴省)加拿大商業公司法(“連續性");
  5. 私人配售Bird River的認購收據,以籌集最少3,500,000元至最多5,000,000元,於建議交易完成前(“私募“);及
  6. Bird River向Faraday提供的本金為250,000美元的無擔保貸款(“貸款").

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傢俬營公司,擁有兩家子公司--海德魯阿比蒂比公司和可再生能源阿比蒂比公司。這兩家子公司經營着兩座水電站:Centrale Hydro-ÉLeectrique La Sarre 1(1,050千瓦時)和Centrale Hydro-ÉLeectrique La Sarre 2(800千瓦時)。這兩家發電廠的總髮電量約為1,850千瓦時,位於拉薩雷河上,位於羅因諾蘭達以北約75公里、QuéBEC以北約75公里、安大略省多倫多以北700公里處。

The Proposed Transaction

擬議的交易

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:

擬議的交易可能是合併或其他業務合併的結構,將導致Bird River收購其股東持有的Faraday的所有已發行和流通股,以換取:

  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. 實施合併後,鳥河1000,000,000股普通股(每股,A合併後股份");
  2. 5,000,000股合併後可轉讓的認股權證(每份,一份)搜查令“)讓持有人有權在建議的交易完成後的60個月內,以相等於(I)0.20元中較高者的價格收購一股合併後股份;及(Ii)聯交所認可的最低價格;及
  3. 現金支付130萬美元。

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

擬議中的交易如果完成,將構成根據CSE政策8對Bird River的“根本性改變”。

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.

關於擬議交易的完成,預計由此產生的發行人的董事會將進行重組,由Faraday提名的最少3名至最多5名成員組成。在擬議交易完成後,鳥河的高級職員將由鳥河的新董事會任命。

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.

根據意向書,本公司擬進行一項最多150,000元普通股的小額非經紀私募融資,每股價格將按聯交所批准的最低價格在市場範圍內釐定。這筆小額融資的收益將由公司用於一般營運資金用途,並用於支付與擬議交易和私募認購收據相關的費用,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.

擬進行的交易須遵守若干先決條件,包括(其中包括)完成令人滿意的相互盡職調查、簽署最終法律協議、完成私募配售及獲得所有必需的批准,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.

在建議的交易完成之前,鳥河公司打算私募認購收據(“認購收據“)籌集最少3,500,000元及最多5,000,000元,每張認購收據的預期價格為0.5美元。認購收據協議所載有關認購收據的所有託管釋放條件(包括於私募完成後120天內完成建議交易),每張認購收據將自動交換一份合併後股份及一份合併後股份購買權證,使持有人有權以每股0.90美元的價格收購一股合併後股份,直至建議交易完成後24至24個月為止。

The Loan

貸款

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.

關於擬議的交易,Bird River已向Faraday提供本金25萬美元的貸款,如果擬議的交易未能在2023年8月30日之前完成,其中一半將償還給Bird River。

Additional Information Regarding the Proposed Transaction

有關擬議交易的其他信息

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.

建議交易的進一步細節(包括與Faraday有關的商業和財務信息)和私募將包括在Bird River將提交的與建議交易相關的後續新聞稿和其他披露文件中。

About Bird River Resources Inc.

關於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 .

伯德河資源公司成立於1958年,是一家加拿大自然資源公司,專注於可再生能源領域和資源勘探活動。Birds River在靠近安大略省邊界的馬尼託巴省東北部Bird River Sill地區的一處鉑鈀礦區持有冶煉廠特許權使用費(NSR)淨權益。有關該公司的其他資料,請瀏覽。

For further information, contact:

欲瞭解更多信息,請聯繫:

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
鳥河資源公司。 蓋克斯法拉第能源公司。
喬恩·布里奇曼,董事首席執行官
電話:1-877-587-0777
電子郵件:jonBirDRIVER@gmail.com
董事首席執行官馬丁·達萊爾
電話:1-819-763-6663
電子郵件:電子郵箱: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.

本新聞稿包含適用證券法定義的“前瞻性信息”和“前瞻性陳述”,包括但不限於:擬議的交易條款,包括董事會的重組和由此產生的發行人的管理;私募和貸款的擬議條款;擬議的延續、更名和合並。 除有關歷史事實的陳述外,所有陳述均屬前瞻性陳述,並經常以“可能”、“將會”、“應該”、“預期”、“計劃”、“預期”、“相信”、“估計”、“打算”等字眼識別,並反映管理層根據其經驗、現狀、對未來發展的預期及管理層認為合理及相關的其他因素而作出的假設、估計、意見及分析。前瞻性信息和陳述涉及已知和未知的風險和不確定因素,可能導致實際結果、業績和成就與前瞻性信息和陳述明示或暗示的大不相同,因此不應過分依賴。可能導致實際結果不同的風險和不確定性包括但不限於:完成令人滿意的相互盡職調查、簽署反映擬議交易條款的最終法律協議、完成私募並收到擬議交易的所有必要批准、私募、持續、更名和合並;以及公司無法控制的其他因素,以及在公司年度和季度管理層的討論和分析以及公司提交給加拿大證券監管機構的其他文件中更全面描述的風險和不確定因素,這些風險和不確定因素已在公司在。除適用法律可能要求外,公司不承擔任何更新或修改任何前瞻性信息或陳述的義務。

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.

本新聞稿中提及的證券沒有,也不會根據修訂後的1933年《美國證券法》進行註冊,如果沒有在美國註冊或沒有美國註冊要求的適用豁免,不得在美國境內或向美國人提供或出售,或為美國人的賬户或利益而提供或銷售。本新聞稿不構成出售證券的要約,也不招攬購買任何證券的要約。在美國公開發行證券必須通過招股説明書的方式進行,招股説明書中包含關於公司和管理層的詳細信息,以及財務報表。

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

加拿大證券交易所及其市場監管機構均不對本新聞稿的充分性或準確性承擔責任。

SOURCE: Bird River Resources Inc.

資料來源:鳥河資源公司。


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