Coloured Ties Announces Loan Agreements
Coloured Ties Announces Loan Agreements
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2024) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or the "Company"), at the request of the TSX Venture Exchange, provides the following clarifying news release with respect to certain loan agreements entered into by the Company during the fiscal year 2023.
不列顛哥倫比亞省溫哥華--（Newsfile Corp.，2024年4月26日）——Colored Ties Capital Inc.（多倫多證券交易所股票代碼：TIE）（場外交易價格：APEOF）（FSE：97A0）（”CTI“或者”公司“）應多倫多證券交易所風險交易所的要求，就公司在2023財年簽訂的某些貸款協議提供了以下澄清性新聞稿。
The Company entered into a loan agreement dated March 1, 2023 (the "FLE Loan Agreement") with Flowing Lithium Exploration Inc. ("FLE"), pursuant to which the Company agreed to lend FLE CDN$300,000.00 (the "FLE Loan"). The FLE Loan beared interest at a rate of 4.0% per annum and was due in full on December 31, 2023. The loan was repaid in full on December 8, 2023. The loan to FLE was not considered an arm's length transaction as Rauni Malhi, a 10% insider of the Company, is also a control person of FLE. The loan to FLE constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, as the loan does not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101.
該公司於2023年3月1日簽訂了貸款協議（”逃命的 貸款協議”）與流動鋰勘探公司（”逃命的“），根據該協議，公司同意向FLE提供300,000.00加元的貸款（”逃命的 貸款“）。FLE貸款的年利率爲4.0％，將於2023年12月31日全額到期。這筆貸款已於2023年12月8日全額償還。向FLE提供的貸款不被視爲正常交易，因爲該公司10％的內部人士勞尼·馬爾希也是FLE的控制人。對FLE的貸款構成了第61-101號多邊文書所界定的 “關聯方交易”- 在特殊交易中保護少數證券持有人 (”MI 61-101“）。根據密歇根州61-101號法令第5.5（a）和5.7（a）分節，公司分別依賴估值要求的豁免和少數股權批准，因爲根據密歇根州61-101的規定，該貸款不超過公司市值的25％。
Additionally, the Company entered into a loan agreement dated June 1, 2023 (the "Canuck Loan Agreement") with Canuck Lithium Corp. ("Canuck"), pursuant to which the Company has agreed to lend Canuck CDN$265,000.00 (the "Canuck Loan"). The Canuck Loan shall bear interest at a rate of 4.0% per annum and is due in full on December 31, 2024 a date which was extended form the original due date of December 31, 2023 The loan to Canuck was not considered an arm's length transaction as Christopher Cooper, a director of the Companywas a Director of Canuck at the time of the loan. The loan to Canuck constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, as the loan does not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101.
此外，公司於2023年6月1日簽訂了貸款協議（”Canuck 貸款協議”) 與 Canuck Lithium Corp. (”Canuck“），根據該協議，公司已同意向加納克提供265,000.00加元的貸款（”Canuck 貸款“）。加納克貸款的年利率爲4.0％，將於2024年12月31日全額到期，該日期已從原來的2023年12月31日到期日延長。對加納克的貸款不被視爲公平交易，因爲該公司董事克里斯托弗·庫珀在貸款時是加納克的董事。對加納克的貸款構成了第61-101號多邊文書所界定的 “關聯方交易”- 在特殊交易中保護少數證券持有人 (”MI 61-101“）。根據密歇根州61-101號法令第5.5（a）和5.7（a）分節，公司分別依賴估值要求的豁免和少數股權批准，因爲根據密歇根州61-101的規定，該貸款不超過公司市值的25％。
FLE and Canuck are arm's length from each other.
FLE 和 Canuck 相隔一段距離。
The Company is continuing to work with the TSX Venture Exchange to return to trading in the near future and will provide updates on the status as obtained from the TSX Venture Exchange.
該公司將繼續與多倫多證券交易所風險交易所合作，爭取在不久的將來恢復交易，並將提供從多倫多證券交易所風險交易所獲得的最新情況。
For further information please contact:
欲了解更多信息，請聯繫：
Coloured Ties Capital Inc.
Kal Malhi Chief Executive
kal@bullruncapital.ca
彩色領帶資本公司
首席執行官卡爾·馬爾希
kal@bullruncapital.ca
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。
譯文內容由第三人軟體翻譯。