Val-d'Or Mining Provides Update on NSR Reduction Agreement
Val-d'Or Mining Provides Update on NSR Reduction Agreement
Val-d'Or, Quebec--(Newsfile Corp. - June 29, 2023) - Val-d'Or Mining Corporation (TSXV: VZZ) (the "Company") announces that further to the Company's news release of May 30, 2023, the Company has received conditional approval from the TSX Venture Exchange (the "Exchange") for the transactions contemplated under the NSR Purchase Agreement dated May 26, 2023 (the "NSR Purchase Agreement") entered into with 2973090 Canada Inc., a private company wholly-owned and controlled by Glenn J. Mullan, a director and the Chair, President and Chief Executive Officer of the Company and Glenn J. Mullan, pursuant to which the Company has agreed to purchase and concurrently cancel various net smelter return royalties. The Company has agreed to issue, subject to the final acceptance by the TSX Venture Exchange, an aggregate of 2,222,222 common shares in consideration for the purchase and cancellation of the net smelter return royalties as set out in the NSR Purchase Agreement.
魁北克省Val-d‘Or-(Newsfile Corp.-2023年6月29日)-Val-d’Or礦業公司(多倫多證券交易所股票代碼：VZZ)(以下簡稱“公司”)宣佈，繼2023年5月30日發佈的新聞稿後，公司已獲得多倫多證券交易所(以下簡稱“交易所”)的有條件批准，可以進行根據日期為2023年5月26日的NSR購買協定(“NSR購買協定”)與2973090 Canada Inc.簽訂的交易，NSR購買協定是一家由Glenn J.Mullan、董事和董事長Glenn J.Mullan全資擁有和控制的私人公司，總裁、本公司行政總裁及Glenn J.Mullan，據此，本公司同意購買並同時取消各項冶煉廠淨收益特許權使用費。本公司已同意發行合共2,222,222股普通股，作為購買及註銷NSR購買協定所載冶煉廠淨收益特許權使用費的代價，但須待多倫多證券交易所創業板交易所最終接納。
The proposed issuance of shares by the Company to 2973090 Canada Inc. and Glenn J. Mullan under the NSR Purchase Agreement constitutes a related party transaction pursuant to the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Exchange requires as a condition of final approval, disinterested shareholder approval of the NSR Purchase Agreement and transactions contemplated thereby. Disinterested shareholder approval will be sought at the Company's forthcoming shareholder meeting, scheduled for early September.
根據多倫多證券交易所創業板交易政策5.9及多邊檔案61-101，本公司擬根據NSR購買協定向2973090 Canada Inc.及Glenn J.Mullan發行股份構成關聯方交易-特殊交易中少數股權持有人的保護。作為最終批准的條件，聯交所要求不偏不倚的股東批准NSR購買協定和擬進行的交易。公司將在定於9月初召開的股東大會上尋求公正的股東批准。
The common shares to be issued by the Company in accordance with the terms of the NSR Purchase Agreement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation and TSX Venture Exchange policy. No finder's fees are payable in connection with the transaction.
根據適用證券法例及多倫多證券交易所創業板政策，本公司根據NSR購買協定的條款將發行的普通股的持有期為自發行日期起計四個月零一天。與該交易相關的發現者不需支付任何費用。
About Val-d'Or Mining Corporation
關於Val-d‘Or礦業公司
Val-d'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).
Val-d‘Or礦業公司是一家初級自然資源發行商，參與收購和勘探其礦產資產，其中大部分資產位於安大略省東北部的Abitibi Greenstone帶和NW QuéBEC。為補充現有的物業權益，本公司會定期評估新的入股及/或收購機會。除了在Abitibi Greenstone帶的主要區域重點之外，該公司還在北部QuéBEC(努納維克)擁有幾處其他物業，涵蓋不同的地質環境和大宗商品(鎳-銅-鉑礦)。
The Company has an expertise in the identification and generation of new projects, and in early-stage exploration. The mineral commodities of interest are broad, and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners with the technical expertise and financial capacity to conduct more advanced exploration projects.
該公司在新專案的確定和生成以及早期勘探方面擁有專業知識。感興趣的礦物商品範圍很廣，從金、銅-鋅-銀、鎳-銅-鉑族元素到工業和能源礦物。在100%或多數股權的物業初步創造價值後，本公司尋求具備技術專長和財務能力的期權/合資夥伴，以進行更先進的勘探專案。
For additional information, please contact:
如需更多資訊，請聯繫：
Glenn J. Mullan
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: glenn.mullan@valdormining.com
格倫·J·穆蘭
2864趨化素沙利文
Vald‘Or，QuéBEC J9P 0B9
電話：819-824-2808，轉204
電子郵件：glenn.mullan@valdormining.com
Forward-Looking Statements:
前瞻性陳述：
This news release contains certain statements that may be deemed "forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
本新聞稿包含可被視為“前瞻性陳述”的某些陳述。前瞻性陳述是指不是歷史事實的陳述，一般但並非總是以“預期”、“計劃”、“預期”、“相信”、“打算”、“估計”、“專案”、“可能”和類似的表述，或事件或條件“將”、“將”、“可能”、“可能”或“應該”發生。儘管公司認為這些前瞻性陳述中表達的預期是基於合理的假設，但這些陳述並不能保證未來的業績，實際結果或現實可能與前瞻性陳述中的大不相同。前瞻性陳述是基於公司管理層在陳述發表之日的信念、估計和意見。除法律另有規定外，公司沒有義務在管理層的信念、估計或意見或其他因素髮生變化時更新這些前瞻性陳述。
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 news 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。
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