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Ceylon Graphite Announces Closing of $365,000 Convertible Debenture Financing and Extension of Convertible Debenture

Ceylon Graphite Announces Closing of $365,000 Convertible Debenture Financing and Extension of Convertible Debenture

錫蘭石墨宣佈完成36.5萬美元可轉換債券融資並延長可轉換債券
GlobeNewswire ·  2023/10/27 20:10

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/不用於分發給美國新聞通訊社,或直接或間接、全部或部分、在美國或進入美國的發佈、出版、分發或傳播。/

VANCOUVER, British Columbia, Oct. 27, 2023 (GLOBE NEWSWIRE) --

溫哥華,不列顛哥倫比亞省,2023年10月27日(環球通訊社)

Ceylon Graphite Corp. ("Ceylon" or the "Company") (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce it has closed a non-brokered private placement of C$365,000 (the "Financing") of 9% senior secured convertible debenture units of the Company (the "Debenture Units"). The net proceeds from the Financing shall be used for operating expenses for the Company's mining projects and deposits for the renewal of mining licenses in Sri Lanka, and for working capital and general corporate purposes.

錫蘭石墨公司(“錫蘭”或“公司”)(多倫多證券交易所股票代碼:CEL)(場外交易代碼:CYLYF)(法蘭克福證券交易所股票代碼:CCY)高興地宣佈,它已完成一筆365,000加元的非經紀私募。融資“)本公司9%的優先擔保可轉換債券單位(”債券單位融資所得款項淨額將用作本公司採礦專案的營運開支及斯里蘭卡採礦許可證續期的存款,以及用作營運資金及一般企業用途。

Each Debenture Unit consists of: (i) C$1,000 principal amount of 9% senior secured convertible debenture of the Company (each, a "Debenture"); and (ii) 20,000 common share purchase warrants of the Company (each, a "Warrant"), with each Warrant exercisable for one common share of the Company (a "Warrant Share") at an exercise price of C$0.06 per Warrant Share for a period of one year from the date of issuance. A total of 7,300,000 Warrants were issued and are exercisable for 7,300,000 Warrant Shares. An aggregate of C$365,000 principal amount of Debentures was subscribed for and are convertible for up to 7,300,000 common shares of the Company (each, a "Debenture Share") at the option of the holder thereof at any time prior to the date that is one year from the date of issuance at a conversion price of C$0.05 per Debenture Share.

每個債券單位包括:(I)本金1,000加元,本金額9%的公司優先擔保可轉換債券(每股,a“債權證”);及(Ii)20,000份本公司普通股認購權證(每份、“搜查令”),每份認股權證可行使一股本公司普通股(A)認股權證股份“),行使價為每股認股權證0.06加元,自發行之日起為期一年。共發行7,300,000股認股權證,可行使7,300,000股認股權證。總計365,000加元的債券本金已認購,並可轉換為公司最多7,300,000股普通股(每股,一股)債權股“)於發行日期起計一年前的任何時間,債券持有人可按每股債券股份0.05加元的換股價格選擇購股權。

The Debentures shall bear interest at an annual rate of 9%, payable in cash semi-annually in arrears. Interest on the Debentures may alternatively be paid in common shares of the Company (the "Common Shares") at the Company's option, subject to the approval of the TSXV. An entity controlled by the Company's CEO has pledged publicly traded shares of a third party to secure the Company's obligations under the Debentures. In addition, the Debentures are secured against all of the present and after acquired personal property of the Company.

債券的利息年利率為9%,每半年以現金支付一次。債券的利息可選擇以本公司普通股(“普通股“)可由本公司選擇,但須經TSXV批准。一家由本公司行政總裁控制的實體已質押第三方公開買賣的股份,以保證本公司在債券項下的責任。此外,債券以本公司現時及收購後的所有個人財產為抵押。

In connection with the Financing, the Company has issued to eligible finders an aggregate of: (i) 455,000 finders warrants (the "Finder's Warrants") entitling the holder to acquire one unit of the Corporation (a "Finder Unit") at an exercise price of $0.05 at any time up to one year from the date of issuance, with each Finder Unit comprised of one Common Share and one Warrant, with each such Warrant exercisable for one Warrant Share at a price of $0.06 per Warrant Share for a period of one year from the date of issuance of the Finder Unit, and (ii) 455,000 Finder Units.

就是次融資,本公司已向合資格的發現者發行合共:(I)455,000份發現者認股權證(“尋獲人的搜查證“)使持有人有權收購公司的一個單位(A)取景器單元“)於自發行日期起計一年內的任何時間以0.05美元的行使價行使,每個搜尋單位由一股普通股及一份認股權證組成,每份認股權證可按每股認股權證0.06美元的價格行使一股認股權證,為期一年,(Ii)455,000股搜尋單位。

The Company also announces that it expects to amend the terms of certain convertible debentures (the "2018 Convertible Debentures") that were issued by the Company on May 23, 2018. The 2018 Convertible Debentures currently entitle the holders thereof to convert an aggregate principal balance of $1,850,000 into common shares ("2018 Debenture Shares") of the Company at a price of $0.25 per 2018 Convertible Debenture Share at any time prior to November 23, 2023. The Company intends to amend the conversion price of the 2018 Convertible Debentures to $0.15 per 2018 Debenture Share and amend the maturity date of the 2018 Convertible Debentures to November 23, 2024 (the "Amendments"). In addition, the Company expects to issue up to 6,166,666 warrants of the Company (the "Replacement Warrants") to the holders of 2018 Convertible Debentures to replace the warrants originally issued together with the 2018 Convertible Debentures and which are set to expire on November 23, 2023. Each Replacement Warrant is exercisable for one Common Share (a "Replacement Warrant Share") at a price of $0.15 per Replacement Warrant Share at any time for until November 23, 2024. The Company is not receiving any additional funds in connection with the Amendments or issuance of the Replacement Warrants.

本公司亦宣佈,預期將修訂若干可換股債券的條款(“2018年可轉換債券本公司於2018年5月23日發行。2018年可轉換債券的持有人現時有權將本金結餘總額1,850,000元轉換為普通股(“2018年債權股本公司擬將2018年可換股債券的換股價格修訂為每股0.15美元,並將2018年可換股債券的到期日修訂至2024年11月23日(“修正此外,本公司預計將發行最多6,166,666份本公司認股權證(“替換認股權證發給2018年可轉換債券的持有人,以取代最初與2018年可轉換債券一起發行並將於2023年11月23日到期的認股權證。每份替換認股權證可行使一股普通股(A)更換認股權證股份截至2024年11月23日,本公司不會收到任何與修訂或發行替換認股權證有關的額外資金。

The Financing, Amendments and issuance of the Replacement Warrants are subject to the final approval of the TSX Venture Exchange. All securities issued and issuable in connection with the Financing and the Replacement Warrants are subject to a four month and one day hold period from the dated of issuance in accordance with Canadian securities laws.

替代認股權證的融資、修訂及發行須經多倫多證券交易所創業板最終批准。根據加拿大證券法,所有已發行和可發行的與融資和替代認股權證相關的證券,自發行之日起有四個月零一天的持有期。

In connection with the above transactions a company controlled by Sasha Jacob, CEO of the Company, and holder of a principal amount of $1,000,000 of the 2018 Debentures, is anticipated to receive 3,333,332 Replacement Warrants, and Mr. Jacob has subscribed for 40 Debenture Units (the "Insider Participation"). The Insider Participation constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the Insider Participation does not exceed 25% of the fair market value of the Company's market capitalization.

就上述交易而言,由本公司行政總裁薩沙·雅各布控制、持有1,000,000美元2018年債券本金的一間公司,預期將獲得3,333,332份重置認股權證,而雅各布先生已認購40個債務單位(“內部人參與“).內部人參與構成”關聯方交易“,這一術語在多邊文書61-101--特殊交易中少數股權持有人的保護(“米其林61-101“)。本公司依據MI 61-101第5.5(A)節和5.7(1)(A)節的規定豁免遵守MI 61-101規定的正式估值和小股東批准要求,但內幕人士的參與不得超過本公司市值的公平市值的25%。

The securities offered pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

根據此次發行發行的證券尚未、也不會根據修訂後的1933年《美國證券法》(以下簡稱《美國證券法》)或任何美國州證券法進行註冊,且在未根據美國證券法和所有適用的州證券法註冊或遵守適用的豁免要求的情況下,不得在美國發行或銷售。本新聞稿不應構成在美國出售或邀請購買證券的要約,也不應在任何司法管轄區出售這些證券,而在任何司法管轄區,此類出售、招攬或出售都將是非法的。

About Ceylon Graphite Corp.

關於錫蘭石墨公司

Ceylon is a public company listed on the TSX Venture Exchange, that is in the business of mining for graphite, and developing and commercializing innovative graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be some of the highest grade in the world and has been confirmed to be suitable to be easily upgradable for a range of applications including the high-growth electric vehicle and battery storage markets as well as construction, healthcare and paints and coatings sectors.

錫蘭是一家在多倫多證券交易所創業板上市的上市公司,該公司從事石墨開採業務,並開發和商業化創新的石墨烯和石墨應用和產品。斯里蘭卡開採的石墨是已知的世界上最高的品位之一,並已被證實適合於一系列應用,包括高增長的電動汽車和電池存儲市場,以及建築、醫療保健和油漆和塗料行業。

Further information regarding Ceylon is available at

欲瞭解有關錫蘭的更多資訊,請訪問:

Sasha Jacob, Chief Executive Officer and Rita Thiel, Chair of the Board of Directors

首席執行官薩莎·雅各布和董事會主席麗塔·蒂爾

info@ceylongraphite.com

郵箱:info@ceylongraph ite.com

Corporate Communications

企業通信

+1(604) 924-8695

+1(604)924-8695

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 release

多倫多證券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 Statement Regarding Forward-Looking Information:

有關前瞻性資訊的警示聲明:

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about the closing of the Financing, use of proceeds from the Financing, amendments to the 2018 Convertible Debentures, the secured obligations of the Company, regulatory approvals, potential value of products produced with Ceylon graphite, the quality of graphite mined by Ceylon, applications for future graphite applications, Ceylon's role as a potential market leader and expectations related to development of Ceylon's properties and Ceylon's mining operations. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Ceylon, including the assumption that, there are no material adverse changes effecting development and production at the M1 mine or on other properties, testing related to the performance of Ceylon's vein graphite material are accurate, there will be no material adverse change in graphite and metal prices, there will be continued demand for graphite powered batteries, all necessary consents, licenses, permits and approvals will be obtained, including various Local Government Licenses. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, the results of Ceylon's graphite testing being inaccurate or incomplete, the market for graphite related technologies not developing as expected, failure to obtain or maintain patents and proprietary technology, loss or failure to acquire available high quality graphite, any failures to obtain or delays in obtaining required regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Ceylon, a failure to comply with environmental regulations and a weakening of market and industry reliance on high quality graphite. Ceylon cautions the reader that the above list of risk factors is not exhaustive.

本新聞稿包含前瞻性資訊,因為這一術語在適用的證券法中定義,與未來事件或未來業績有關,並反映管理層目前的預期和假設。前瞻性資訊包括有關融資結束、融資所得款項的使用、對2018年可轉換債券的修訂、公司的擔保債務、監管批准、用錫蘭石墨生產的產品的潛在價值、錫蘭開採的石墨的質量、未來石墨應用的申請、錫蘭作為潛在市場領導者的角色以及與錫蘭的物業開發和錫蘭的採礦業務相關的預期。這些前瞻性陳述反映了管理層目前的信念,其依據是錫蘭所做的假設和目前掌握的資訊,包括假設M1礦的開發和生產或其他性質沒有重大不利變化,與錫蘭脈狀石墨材料性能有關的測試是準確的, 石墨和金屬價格不會有實質性的不利變化,對石墨動力電池的需求將繼續存在,將獲得所有必要的同意、許可證、許可和批准,包括各種地方政府許可證。請投資者注意,這些前瞻性陳述既不是承諾,也不是保證,可能會受到風險和不確定因素的影響,這些風險和不確定因素可能會導致未來的結果與預期的大不相同。可能導致實際結果與前瞻性資訊所表達或暗示的結果大不相同的風險因素包括,錫蘭石墨測試結果不準確或不完整,石墨相關技術的市場沒有按預期發展,未能獲得或維持專利和專有技術,未能獲得或未能獲得可用的高質量石墨,未能獲得或拖延獲得所需的監管許可證、許可、批准和同意,無法獲得所需的融資,整體經濟低迷,股價波動,勞工罷工,政治動盪,錫蘭採礦監管制度的變化,未能遵守環境法規,以及市場和行業對高質量石墨的依賴減弱。錫蘭告誡讀者,上面列出的風險因素並不是詳盡的。


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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