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Compass Completes Convertible Debenture Unit Offering - Proceeds Increased to $650,000

Compass Completes Convertible Debenture Unit Offering - Proceeds Increased to $650,000

Compass 完成可轉換債券單位發行——收益增至65萬美元
newsfile ·  2023/07/04 19:30

First Phase of Trenching Nearly Complete at Tarabala Small Mine Project

塔拉巴拉小礦項目的第一階段挖溝工作接近完成

Toronto, Ontario--(Newsfile Corp. - July 4, 2023) - Compass Gold Corp. (TSXV: CVB) (Compass or the Company) is pleased to announce that, following additional demand, its previously announced offering of convertible debenture units ("Debenture Units") was increased by $50,000. (See Compass news release dated June 22, 2023). The Corporation has now completed the issuance, on a non-brokered private placement basis, of 650 Debenture Units, at a price of $1,000 per Debenture Unit, for aggregate gross proceeds of $650,000 (the "Offering"). The Offering closed on June 30, 2023 (the "Closing Date").

安大略省多倫多--(Newsfile Corp. — 2023 年 7 月 4 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) 很高興地宣佈,在需求增加之後,其先前宣佈發行可轉換債券單位(”債券單位“) 增加了5萬美元。(參見 2023 年 6 月 22 日的 Compass 新聞稿)。該公司現已在非經紀私募基礎上完成了650個債券單位的發行,每個債券單位的價格爲1,000美元,總收益爲65萬美元(”提供“)。本次發行已於 2023 年 6 月 30 日結束(”截止日期“)。

The proceeds of the Offering will be principally used to fund the first phase of delineating the mineralized zone identified at Tarabala, located on the Company's Sikasso Property in Southern Mali. The work to be completed over the next several months includes, trenching assaying and bulk sample metallurgical testing as part of the 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劃定位於公司位於馬裏南部的錫卡索物業的塔拉巴拉確定的礦化帶的第一階段提供資金。未來幾個月將完成的工作包括挖溝分析和散裝樣品冶金測試,這是擬議在塔拉巴拉趨勢建立和開發高品位近地表金礦化的小型金礦開採業務的一部分(”塔拉巴拉項目“)。

Compass CEO, Larry Phillips, said, "Thanks to the strong support of our shareholders, the successful completion of this Offering will allow our exploration team to move quickly to complete the initial trenching and testing work which commenced about two weeks ago. The completion of this work along this first section of the Tarabala trend will provide important data regarding gold grade and recovery which will assist with the planning and development of a near-surface mining operation at Tarabala. For Compass, the ability to generate revenue from our own near-surface mine is an important strategic objective, which will distinguish us from virtually any other junior exploration company in this region. Revenue from such an operation can be used to fund the deeper drilling required to develop a much larger, open-pittable gold resource."

康帕斯首席執行官拉里·菲利普斯 說:“得益於股東的大力支持,本次發行的成功完成將使我們的勘探團隊能夠迅速採取行動,完成大約兩週前開始的初步挖溝和測試工作。在塔拉巴拉趨勢的第一部分完成這項工作將提供有關黃金品位和回收率的重要數據,這將有助於塔拉巴拉近地採礦作業的規劃和發展。對於Compass來說,能夠從我們自己的近地表礦中創造收入是一項重要的戰略目標,這將使我們與該地區幾乎任何其他初級勘探公司區分開來。此類業務的收入可用於爲開發更大的露天黃金資源所需的更深層次的鑽探提供資金。”

Each Debenture Unit issued pursuant to the Offering comprised: (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個債券單位包括:(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 is 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還本金可由其持有人選擇在到期前的任何時候按轉換價格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.

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。利息將在到期日累計並拖欠支付。

For additional details concerning the Debenture Units, please see Compass news release dated June 22, 2023.

有關債券單位的更多詳情,請參閱 Compass 於 2023 年 6 月 22 日發佈的新聞稿。

The closing of the Offering is subject to final approval of the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a statutory four-month hold period expiring four months and one day after the Closing Date.

本次發行的完成有待多倫多證券交易所風險投資交易所的最終批准。根據本次發行的所有證券均受法定四個月持有期的約束,持有期在截止日期後四個月零一天到期。

Insiders of the Company purchased an aggregate of 175 Debenture Units under the Offering, for aggregate consideration of $175,000. Such participation is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. Participation by insiders in the Offering was exempt from (i) the valuation requirements of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101, as the company is listed only on the TSX Venture Exchange; and (ii) the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101, as at the time the Offering was agreed to, neither the fair market value of the subject matter, nor the fair market value of the consideration for, the Offering, insofar as it involved interested parties, exceeded 25% of the market capitalization of the Company.

公司內部人士在本次發行中共購買了175個債券單位,總對價爲17.5萬美元。這種參與被視爲多邊文書所指的 “關聯方交易” 61-101- 在特殊交易中保護少數證券持有人。由於MI 61-101第5.5 (b) 節中包含的豁免,內部人士參與本次發行不受MI 61-101的估值要求的約束,因爲該公司僅在多倫多證券交易所風險投資交易所上市;以及 (ii) 根據MI 61-101第5.7 (1) (a) 節所載的豁免,MI 61-101的少數股東批准要求,截至本次發行達成時,既不是標的物的公允市場價值,也不是本次發行的對價的公允市場價值,前提是它涉及利害關係各方,超過公司市值的25%。

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

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

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
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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