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Compass Announces Fully Subscribed $600,000 Convertible Debenture Offering

Compass Announces Fully Subscribed $600,000 Convertible Debenture Offering

康帕斯宣佈全額認購60萬美元可轉換債券發行
newsfile ·  2023/06/22 19:30

Funds to be Used for First Phase of Tarabala Project Small Gold Mine

資金將用於塔拉巴拉項目小型金礦的第一階段

Toronto, Ontario--(Newsfile Corp. - June 22, 2023) - Compass Gold Corp. (TSXV: CVB) (Compass or the Company) is pleased to announce that it intends to issue, on a non-brokered private placement basis, 600 convertible debenture units of the Company (the "Debenture Units"), at a price of $1,000 per Debenture Unit, for aggregate gross proceeds of $600,000 (the "Offering"). The Offering is fully subscribed and is expected to close on or about June 30, 2023 (the "Closing Date").

安大略省多倫多--(Newsfile Corp.——2023年6月22日)- 康帕斯黃金公司(多倫多證券交易所股票代碼:CVB)(Compass 要麼 公司) 欣然宣佈,它打算在非經紀私募的基礎上發行公司的600份可轉換債券單位(”債券單位“),每單位債券的價格爲1,000美元,總收益爲60萬美元(”提供“)。本次發行已完全認購,預計將於2023年6月30日左右結束(”截止日期“)。

The proceeds of the Offering will be principally used to fund the delineation of the mineralized zone identified at Tarabala, located on the Company's Sikasso Property in Southern Mali. This is the first phase of the previously reported proposed establishment and development of a small gold mining operation on high-grade near-surface gold mineralization at the Tarabala Trend (the "Tarabala Project").

本次發行的收益將主要用於爲塔拉巴拉確定的礦化區的劃定提供資金,該礦化區位於公司位於馬裏南部的錫卡索地產。這是先前報道的在塔拉巴拉趨勢(Tarabala Trend)上提議在高品位近地表金礦化上建立和發展小型金礦開採業務的第一階段(”塔拉巴拉項目“)。

The Company currently has commitments from existing shareholders to purchase 600 Debenture Units. At the discretion of the Company, up to an additional 150 Debenture Units may be issued by the Company for further gross proceeds of up to $150,000, bringing the total proceeds of the Offering to $750,000.

公司目前有現有股東承諾購買600套債券。公司可自行決定再發行多達150個債券單位,總收益不超過15萬美元,使本次發行的總收益達到75萬美元。

Compass CEO, Larry Phillips, said, "It has been extremely gratifying to have so many shareholders participate in this Offering and express their support for the Tarabala Project and our demonstrated potential to develop one or more small, near-surface mines which could generate ongoing revenue to fund the exploration work required to develop a far larger, open-pittable gold resource. We have already begun the trenching work needed to properly delineate the near-surface gold mineralization, which we intend to complete before the rainy season begins in the coming weeks."

康帕斯首席執行官拉里·菲利普斯 說:“有這麼多股東參與本次發行並表示支持塔拉巴拉項目,我們展示了開發一個或多個小型近地表礦山的潛力,這些礦山可以產生持續的收入,爲開發更大的露天黃金資源所需的勘探工作提供資金,這真是令人非常欣慰。我們已經開始了必要的挖溝工作,以正確劃分近地表金礦化區域,我們打算在未來幾周雨季開始之前完成這項工作。”

Summary of the Offering

本次發行摘要

Each Debenture Unit to be issued pursuant to the Offering will comprise: (i) one $1,000 principal amount unsecured convertible debenture of the Company (a "Convertible Debenture"); and (ii) 5,000 common share purchase warrants of the Company (each, a "Warrant"), with each Warrant being exercisable to acquire one additional common share of the Company at a price of $0.10 for a period of 24 months following the Closing Date.

根據本次發行發行的每份債券單位將包括:(i)公司一張本金爲1,000美元的無抵押可轉換債券(a)可轉換債券“);以及 (ii) 公司 5,000 份普通股購買權證(每份,a”搜查令“),每份認股權證可在截止日期後的24個月內以0.10美元的價格額外收購一股公司普通股。

The outstanding principal amount of each Convertible Debenture shall be convertible at the option of the holder thereof, at any time prior to maturity, into common shares of the Company at a conversion price (the "Conversion Price") of: (i) $0.08 per common share during the 12-month period immediately following the Closing Date; and (ii) $0.10 per common share thereafter.

每張可轉換債券的未償本金應由其持有人在到期前的任何時候選擇按轉換價轉換爲公司的普通股(”轉換價格“) 的:(i) 在截止日期後的12個月內每股普通股0.08美元;(ii) 此後每股普通股0.10美元。

The Convertible Debentures will mature 24 months from the Closing Date (the "Maturity Date") and will bear interest at a rate of 10% per annum, payable in cash or common shares, at the option of the Company. Interest will accrue and be paid in arrears on the Maturity Date. Any payment of interest pursuant to the issuance of common shares will be subject to the prior approval of the TSX Venture Exchange (the "TSX-V") and the issue price per common share will be at the then applicable Market Price (as such term is defined in the applicable policies of the TSX-V).

可轉換債券將在截止日期後24個月到期(”到期日“)並將按每年10%的利率支付利息,由公司選擇以現金或普通股支付。利息將在到期日累積並以拖欠方式支付。通過發行普通股支付的任何利息都必須事先獲得多倫多證券交易所風險投資交易所的批准(”TSX-V“),每股普通股的發行價格將按當時適用的市場價格(該術語在多倫多證券交易所的適用政策中定義)。

If at any time prior to the Maturity Date the closing price of the common shares of the Company on the TSX-V is greater than $0.20 per common share for the preceding 20 consecutive trading days, the Company shall have the option to convert the principal amount of the Convertible Debentures then outstanding into common shares at the then applicable Conversion Price.

如果在到期日之前的任何時候,公司在多倫多證券交易所的普通股在前20個交易日的收盤價連續20個交易日超過每股普通股0.20美元,則公司可以選擇按當時適用的轉換價格將當時已發行的可轉換債券的本金轉換爲普通股。

Subject to the terms of the Convertible Debentures, within 30 days following a change of control of the Company prior to the Maturity Date, the Company shall offer to purchase the Convertible Debentures at a purchase price equal to 100% of the principal amount of the Convertible Debentures then outstanding, together with all accrued and unpaid interest thereon.

根據可轉換債券的條款,在到期日之前公司控制權變更後的30天內,公司應提議以等於當時未償還的可轉換債券本金的100%及其所有應計和未付利息的購買價格購買可轉換債券。

The Convertible Debentures will include covenants and events of default that are typical for a transaction of the nature of the Offering. Among other covenants, so long as the Convertible Debentures are outstanding, the Company will not be permitted to: (i) declare or pay any dividend or other distribution, in cash, to the holders of its issued and outstanding common shares; (ii) incur any secured debt ranking senior to the Convertible Debentures, other than secured debt incurred by the Company in connection with the Tarabala Project; or (iii) use any funds generated from the operations of the Tarabala Project for the purpose of conducting further exploration activities in respect of the mineral properties of the Company, such that any further exploration will only be conducted using funds raised through the issuance of new equity of the Company for such purpose.

可轉換債券將包括髮行性質的交易中常見的契約和違約事件。除其他契約外,只要可轉換債券未償還,公司就不得:(i) 向其已發行和流通普通股的持有人申報或支付任何股息或其他現金分配;(ii) 承擔任何優先於可轉換債券的有擔保債務,公司產生的與可轉換債券相關的擔保債務除外塔拉巴拉項目;或(iii)將塔拉巴拉項目運營產生的任何資金用於對公司的礦產進行進一步的勘探活動,因此任何進一步的勘探只能使用通過公司爲此目的發行新股權籌集的資金進行。

The closing of the Offering is subject to customary closing conditions and the receipt of all required regulatory approvals, including the approval of the TSX-V. All securities issued pursuant to the Offering will be subject to a statutory four-month hold period from their date of issuance.

本次發行的結束須遵守慣例成交條件並獲得所有必要的監管批准,包括多倫多證券交易所的批准。根據本次發行的所有證券自發行之日起將有四個月的法定持有期。

The Company anticipates that certain officers and/or directors of the Company may participate in the Offering. Participation by insiders in the Offering will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") by virtue of the exemptions contained in Sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101.

公司預計公司的某些高級管理人員和/或董事可能會參與此次發行。根據MI 61-101第5.5(a)和(b)節以及5.7(1)(a)分別包含的豁免,內部人士參與本次發行將不受多邊工具61-101——在特殊交易中保護少數證券持有人(“MI 61-101”)的估值和少數股東批准要求的約束。

All dollar amounts referred to in this press release are expressed in Canadian dollars.

本新聞稿中提及的所有美元金額均以加元表示。

None of the securities issued in connection with the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

根據經修訂的1933年《美國證券法》(“”1933 年法案“),如果沒有註冊或不受1933年法案註冊要求的適用豁免,則不得在美國出售或出售任何一項。本新聞稿不構成出售要約或徵求買入要約,也不得在任何此類要約、招攬或出售爲非法的州出售證券。

About Compass Gold Corp.

關於康帕斯黃金公司

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in four sites in southern Mali with a combined land holding of 1,173 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company's Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald's August 2017 "National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali."

康帕斯是一家在安大略省註冊的上市公司,是多倫多證券交易所的二級發行人。通過2017年收購MGE和馬裏子公司,康帕斯持有構成錫卡索地產的位於馬裏的黃金勘探許可證。勘探許可證位於馬裏南部的四個地點,總佔地面積爲1,173平方公里。錫卡索地產與幾個數百萬盎司的黃金項目位於同一地區,包括莫里拉、夏馬、卡拉納和科馬納。該公司的馬裏技術團隊由馬達尼·迪亞洛博士領導,在P.Geo的桑迪·阿奇博爾德博士的監督下,正在進行目前的勘探計劃。他們正在研究阿奇博爾德博士2017年8月的《國家儀器43-101關於馬裏南部錫卡索財產的技術報告》中首次發現的許多異常現象。

Forward‐Looking Information

前瞻性信息

This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the completion of the Offering, the proposed use of proceeds of the Offering and the establishment and development of the Tarabala Project. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

本新聞稿包含適用證券法所指的 “前瞻性信息”,包括有關發行完成、發行收益的擬議用途以及塔拉巴拉項目的建立和發展的聲明。提醒讀者不要過分依賴前瞻性信息。實際結果和發展可能與此類信息所設想的有重大差異。本新聞稿中的聲明自本文發佈之日起作出。除非適用法律要求,否則公司沒有義務更新前瞻性信息。

For further information please contact:

欲瞭解更多信息,請聯繫:

Compass Gold Corporation
Larry Phillips - Pres. & CEO
lphillips@compassgoldcorp.com
T: +1 416-596-0996 X 302
Compass Gold Corporation
Greg Taylor - Dir. Investor Relations & Corporate Communications
gtaylor@compassgoldcorp.com
T: +1 416-596-0996 X 301

康帕斯黃金公司
拉里·菲利普斯——總裁兼首席執行官
lphillips@compassgoldcorp.com
T: +1 416-596-0996 X 302
康帕斯黃金公司
格雷格·泰勒-導演。投資者關係與企業傳播
gtaylor@compassgoldcorp.com
T: +1 416-596-0996 X 301

Website:

網站:

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.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資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。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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