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Magna Terra Announces Initial Closing of Non-Brokered Private Placement

Magna Terra Announces Initial Closing of Non-Brokered Private Placement

麥格納大地宣佈首次完成非經紀私募配售
Accesswire ·  2023/10/05 20:00

TORONTO, ON / ACCESSWIRE / October 5, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSXV:MTT) is pleased to announce that it has completed a first closing of its non-brokered private placement (see press release dated September 22, 2023) of gross proceeds totalling $244,769.

多倫多,on/ACCESSWIRE/2023年10月5日/Magna Terra Minerals Inc.(以下簡稱“公司”或“Magna Terra”)(多倫多證券交易所股票代碼:MTT)高興地宣佈,該公司已完成首次非經紀私募(見2023年9月22日的新聞稿),總收益達244,769美元。

The full private placement of gross proceeds up to $600,000 (the "Offering") will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common shares.

總收益不超過600,000美元的全部非公開配售(“發售”)將包括以每股0.03美元的價格發行公司普通股,總髮行量最多為20,000,000股普通股。

The gross proceeds of the Offering will be used to incur expenditures on the Company's properties. Below is a summary of the major categories applied to the gross proceeds as required by the policies of the TSX Venture Exchange, in addition to working capital requirements:

此次發行的總收益將用於支付該公司物業的支出。以下是適用於多倫多證券交易所創業板政策要求的總收入的主要類別摘要,以及營運資金要求:

  • 25% - Geophysical surveys;
  • 15% - Geological and geochemical surveys;
  • 13% - Mineral Resource update;
  • Not more than 10% - Investor relations and strategic advisory work; and,
  • The balance will be applied to working capital, finder's fees, and other project expenses.
  • 25%--地球物理調查;
  • 15%--地質和地球化學調查;
  • 13%--礦產資源更新;
  • 不超過10%-投資者關係和戰略諮詢工作;以及
  • 餘額將用於營運資金、發現者費用和其他專案費用。

In this initial closing, the Company has issued 8,158,980 shares at a price of $0.03 per share. Insiders of the Company participated in the first closing by acquiring an aggregate of 7,008,980 common shares for aggregate proceeds of $210,269. More specifically, (i) Signal Gold Inc. has subscribed for 2,542,313 common shares at a price of $0.03 per common share; (ii) Lew Lawrick, the Chief Executive Officer and a director of the Company, has subscribed for 2,800,000 common shares at a price of $0.03 per common share; and (iii) Bill Francis, the Chief Financial Officer of the Company, has subscribed for 1,666,667 common shares at a price of $0.03 per common share.

在最初的交易中,該公司以每股0.03美元的價格發行了8,158,980股股票。公司內部人士參與了第一次收盤,以210,269美元的總收益收購了總計7,008,980股普通股。更具體地說,(I)Signal Gold Inc.認購了2,542,313股普通股,價格為每股0.03美元;(2)公司首席執行官兼董事董事盧·勞裡克認購了2,800,000股普通股,價格為每股0.03美元;(3)公司首席財務官比爾·弗朗西斯認購了1,666,667股普通股,價格為每股0.03美元。

Immediately after the closing of the Offering, and assuming the completion of a maximum Offering, (i) Signal Gold Inc. shall hold, directly and indirectly, 15,035,795 common shares of the Company (representing 16.3% of the outstanding common shares of the Company); (ii) Mr. Lawrick shall hold, directly and indirectly, or exercise control over 10,286,309 common shares (representing 11.2% of the outstanding common shares of the Company), 1,300,000 common share purchase warrants and 1,071,429 stock options of the Company; and (iii) Mr. Francis shall hold, directly and indirectly, or exercise control over 2,206,667 common shares (representing 2.4% of the outstanding common shares of the Company), 250,000 common share purchase warrants and 600,000 stock options of the Company.

緊接發售完成後,假設最高發售完成,(I)Signal Gold Inc.將直接或間接持有本公司15,035,795股普通股(佔本公司已發行普通股的16.3%);(Ii)Lawrick先生將直接或間接持有或控制10,286,309股普通股(佔本公司已發行普通股的11.2%)、1,300,000份普通股認購權證及1,071,429份認股權證;及(Iii)Francis先生將直接或間接持有或控制2,206,667股普通股(相當於本公司已發行普通股的2.4%)、250,000份普通股認購權證及600,000份本公司購股權。

Mr. Lawrick, a director of the Company, has disclosed his interest to the Board of the Directors of the Company pursuant to Section 120 of the Canada Business Corporations Act to the effect that he may participate in the private placement and subscribe to the common shares. The terms of the Offering and the agreements relating thereto were submitted to and unanimously approved by way of a resolution adopted by all the directors of the Company other than Mr. Lawrick. Mr. Lawrick did not vote on the resolution to approve the private placement and the agreements relating thereto. The remaining directors determined that the private placement was in the best interest of the Company.

本公司董事成員Lawrick先生已根據“董事”第120條向本公司董事會披露其利益。加拿大商業公司法意思是他可以參與私募並認購普通股。發售條款及相關協定已呈交本公司全體董事(Lawrick先生除外)以決議案方式一致通過。勞裡克沒有對批准私募配售及其相關協定的決議進行投票。其餘董事認為定向增發符合本公司的最佳利益。

Each of the insiders is considered a "related party" and an "insider" of the Company for the purposes of applicable securities laws and stock exchange rules. The subscription and issuance of common shares to each of the insiders constitute a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as (i) the Company's securities are not listed on any stock exchange identified in Section 5.7(b) of MI 61-101; (ii) neither the fair market value of the common shares to be distributed in the Offering nor the consideration to be received by the Company for the common shares, insofar as insider participation is concerned, exceeds $2,500,000; and (iii) the Company has received the approval of the Offering from at least two-thirds of its independent directors in respect of the Offering.

根據適用的證券法和證券交易所規則,每位內部人士均被視為公司的“關聯方”和“內部人士”。向各內部人士認購和發行普通股構成關聯方交易,但不受多邊文書61-101--特別交易中少數股權持有人保護(“)”的正式估值和少數股東批准要求的約束。米其林61-101“)由於(I)本公司的證券並未於MI 61-101第5.7(B)節所述的任何證券交易所上市;(Ii)就內部人士參與而言,將於發售中分派的普通股的公平市值或本公司就普通股將收取的代價均未超過2,500,000美元;及(Iii)本公司已就發售獲得至少三分之二獨立董事的批准。

In connection with the Private Placement, the Company may pay finder's fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a regulatory four-month and one-day hold period. It is anticipated that a second and final closing will occur on or before October 25, 2023. The Private Placement is subject to approval by the TSX Venture Exchange.

在定向增發方面,公司可在多倫多證券交易所創業板政策允許的情況下,以現金或證券或兩者的組合支付尋找者費用。根據定向增發發行的所有證券將受監管的四個月和一天的持有期限制。預計第二次也是最後一次關閉將於2023年10月25日或之前進行。本次定向增發還需獲得多倫多證券交易所創業板的批准。

Payments for Exploration Option Agreements
Under the amended terms of the Marigold option agreement, the Company can earn a 100% interest in the Marigold Property (Cape Spencer Project) by paying the Optionor a total of $175,000 in cash and/or consideration shares and 1,075,000 common shares of the Company, over a five-year period ending August 15, 2025 (refer to the press release dated September 27, 2023). The Company has issued 1,075,000 common shares of the Company to settle the third-anniversary payment.

勘探期權協定的付款
根據經修訂的萬壽菊購股權協定條款,本公司可透過在截至2025年8月15日的五年期間向本公司支付合共175,000美元現金及/或代價股份及1,075,000股普通股,賺取萬壽菊物業(斯賓塞角專案)的100%權益(請參閱日期為2023年9月27日的新聞稿)。本公司已發行1,075,000股本公司普通股,以支付三週年付款。

Under the amended terms of the Armstrong option agreement, the Company can earn a 100% interest in the Armstrong Property (Cape Spencer Project) by paying the Optionor a total of $55,000 in cash and/or consideration shares and 1,300,000 common shares of the Company, over a three-year period (refer to the press release dated September 27, 2023). The Company has issued 1,300,000 common shares of the Company and will pay $5,000 to settle the third-anniversary payment, which will complete the earn-in requirements of this option agreement.

根據阿姆斯特朗期權協定的修訂條款,本公司可透過在三年內向本公司支付總計55,000美元的現金及/或代價股份及1,300,000股普通股,賺取阿姆斯特朗物業(斯賓塞角專案)的100%權益(請參閱日期為2023年9月27日的新聞稿)。本公司已發行1,300,000股本公司普通股,並將支付5,000美元來支付三週年付款,這將完成本期權協定的內含要求。

Under the terms of the Cape Spencer option agreement, the Company can earn a 100% interest in the Cape Spencer Property by paying the Optionor a total of $350,000 in cash and/or consideration shares and $145,000 in milestone payments based on certain exploration activities in cash or consideration shares, over a seven-year period ending August 9, 2025 (refer to the press release dated September 15, 2022). The Company has issued 250,000 common shares of the Company and will pay $12,500 in cash to settle the fifth-anniversary payment totaling $25,000.

根據斯賓塞角期權協定的條款,在截至2025年8月9日的七年內,公司可通過向期權支付總計350,000美元的現金和/或代價股份以及145,000美元的里程碑付款來賺取斯賓塞角物業的100%權益(請參閱日期為2022年9月15日的新聞稿)。該公司已經發行了250,000股公司普通股,並將支付12,500美元現金,以支付總計25,000美元的五週年付款。

The common shares issued under the above-mentioned agreements are subject to a regulatory four-month and one-day hold period from their date of issuance.

根據上述協定發行的普通股,自發行之日起有四個月零一天的監管持有期。

About Magna Terra
Magna Terra Minerals Inc. is a precious metals-focused exploration company, headquartered in Toronto, Canada. Magna Terra owns two district-scale, resource-stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.

關於麥格納土地
Magna Terra Minerals Inc.是一家專注於貴金屬的勘探公司,總部設在加拿大多倫多。Magna Terra在新不倫瑞克、紐芬蘭和拉布拉多這三個頂級採礦管轄區擁有兩個地區規模的資源階段黃金勘探專案。此外,公司在阿根廷聖克魯斯省擁有重要的勘探組合,包括在露娜Roja專案中發現貴金屬,以及可供選擇或合資的地區規模鑽探準備專案的廣泛組合。

Forward-Looking Statements
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.

前瞻性陳述
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。

Cautionary Statements Regarding Forward-Looking Information
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

關於前瞻性資訊的警告性聲明
本新聞稿不構成出售要約或徵求購買要約,也不會在任何司法管轄區出售任何此類要約、招攬或出售將是非法的證券,包括在美利堅合眾國的任何證券。這些證券沒有也不會根據修訂後的《1933年美國證券法》(下稱《1933年法案》)或任何州證券法進行註冊,除非根據1933年法案和適用的州證券法註冊,否則不得在美國境內或向美國人(如1933年法案下的S規則所定義)進行發行或銷售,或為美國人的賬戶或利益進行註冊,或獲得此類註冊要求的豁免。

This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

本新聞稿包括一些前瞻性陳述,涉及此次發行所得資金的使用、我們業務的未來表現、其運營及其財務業績和狀況,以及管理層的目標、戰略、信念和意圖。前瞻性陳述經常使用諸如“可能”、“將”、“計劃”、“預期”、“預期”、“估計”、“打算”等詞語,以及提及未來事件和結果的類似詞語。前瞻性陳述是基於管理層當前的意見和期望。所有前瞻性資訊本質上都是不確定的,受到各種假設、風險和不確定因素的影響,包括礦產勘探和開發的投機性、商品價格的波動、競爭風險和融資的可獲得性,這在我們最近提交的證券備案檔案中有更詳細的描述,網址為。實際事件或結果可能與前瞻性陳述中預測的大不相同,我們告誡不要過度依賴這一點。除非適用法律要求,否則我們不承擔修改或更新這些前瞻性陳述的義務。

FOR FURTHER INFORMATION PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
647-478-5307
Email: info@magnaterraminerals.com
Website:

欲瞭解更多資訊,請聯繫:
麥格納土地礦業公司。
劉易斯·勞裡克
總裁兼董事首席執行官
647-478-5307
電子郵件:info@magaterraminals.com
網站:

SOURCE: Magna Terra Minerals Inc.

資料來源:麥格納土地礦業公司。


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