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55 North Mining Inc. Announces Private Placement and Units-for-Debt Settlement

55 North Mining Inc. Announces Private Placement and Units-for-Debt Settlement

55 North Mining Inc. 宣佈私募和單位債務結算
Accesswire ·  2023/04/18 05:01

TORONTO, ON / ACCESSWIRE / April 17, 2023 / 55 North Mining Inc. ("55 North" or the "Company") is pleased to announce a private placement financing of 2,333,333 units (the "Units") at a price of $0.015 per Unit for proceeds of $35,000.

安大略省多倫多/ACCESSWIRE /2023 年 4 月 17 日/55 North Mining (”5 North“或者”公司“) 很高興地宣佈私募融資2,333,333單位(”單位“) 以每單位0.015美元的價格計算,收益爲35,000美元。

The board of directors also approved the settlement of $100,576.10 of debt through the issuance of Units (the "Debt Settlement"). Pursuant to the Debt Settlement, the Company will issue 6,705,073 Units of the Company at a deemed price of $0.015 per Unit to certain creditors of the Company, including a director and an officer (the "Creditors"). All Units consist of one common share (a "Share") and one common share purchase warrant (a "Warrant"), exercisable at $0.05 for a period of forty-eight (48) months.

董事會還批准了100,576.10美元的和解協議通過發行單位獲得的債務(”債務清算“)。根據債務和解協議,公司將以每單位0.015美元的視定價格向公司的某些債權人發行6,705,073份公司股份,包括一名董事和一名高級職員(”債權人“)。所有單位由一股普通股組成 (a”分享“) 和一份普通股購買權證 (a”搜查令“),可在四十八(48)個月內以0.05美元的價格行使。

All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

所有發行的證券都將有四個月的持有期,該持有期將於發行之日起四個月零一天到期。

The proceeds will be used for debt reduction and for general working capital purposes.

所得款項將用於減免債務和一般營運資金用途。

As certain insiders participated in the Debt Settlement, it is considered to be a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). All of the independent directors of the Company, acting in good faith, considered the transactions and have determined that the fair market value of the securities being issued to insiders and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and (b) and 5.7(b) of MI 61-101, respectively, on the basis that (i) no securities of the Company are listed or quoted on any of the markets specified in Section 5.5(b) of MI 61-101 and (ii) the fair market value of the securities issued to related parties pursuant to the financing does not exceed $2,500,000, and at least two-thirds of the independent directors in respect of the Offering have approved the transaction.

由於某些內部人士參與了債務清算,因此根據61-101號多邊文書,這被視爲 “關聯方交易”- 在特殊交易中保護少數證券持有人 (”MI 61-101“)。公司的所有獨立董事本着誠意行事,考慮了這些交易,並確定向內部人士發行的證券的公允市場價值和支付的對價是合理的。公司打算依據分別載於MI 61-101第5.5 (a) 和 (b) 和5.7 (b) 節中對MI 61-101估值和少數股東批准要求的豁免,理由是 (i) 公司沒有證券在MI 61-101第5.5 (b) 節規定的任何市場上市或上市,以及 (ii) 根據向關聯方發行的證券的公允市場價值融資不超過250萬美元,並且本次發行的獨立董事中至少有三分之二已批准了交易。

FOR FURTHER INFORMATION, PLEASE CONTACT:

欲瞭解更多信息,請聯繫:

Mr. Bruce Reid
Chief Executive Officer, Director
55 North Mining Inc.
bruce@blackjacksilver.com

布魯斯·裏德先生
首席執行官兼董事
55 北方礦業公司
bruce@blackjacksilver.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

謹慎對待前瞻性信息

This news release of 55 North contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statem

這份55 North的新聞稿包含構成 “前瞻性陳述” 的陳述。此類前瞻性陳述涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致公司的實際業績、業績或成就或行業發展與此類前瞻性陳述所表達或暗示的預期業績、業績或成就存在重大差異

SOURCE: 55 North Mining Inc.

來源: 55 北方礦業公司


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