Metal Energy Announces Extension to Option Agreement to Re-Acquire 15% Interest in Manibridge Property
Metal Energy Announces Extension to Option Agreement to Re-Acquire 15% Interest in Manibridge Property
Toronto, Ontario--(Newsfile Corp. - May 17, 2024) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to announce that it has entered into an amendment agreement (the "Amending Agreement") with Mistango River Resources Inc. ("Mistango") wherein the Company and Mistango agreed to amend a mining property call option agreement dated October 28, 2022 (the "Call Option Agreement"). The Call Option Agreement grants the Company the option to re-acquire a 15% interest (except the NSRs, as defined below) (the "Interest") in 19 mining claims in the Province of Manitoba (the "Manibridge Project").
安大略省多倫多--（Newsfile Corp.，2024年5月17日）——金屬能源公司（TSXV：MERG）（場外交易代碼：MEEEF）（the”公司“或”金屬能量“）很高興地宣佈，它已經簽訂了修正協議（”修改協議“) 使用 Mistango River ResourcesInc.（”米斯坦戈“) 其中公司和米斯坦戈同意修改2022年10月28日的礦業財產call 期權協議（”看漲期權協議“)。看漲期權協議賦予公司重新收購15% 利息（NSR 除外，定義見下文）（”利息“）在曼尼托巴省的19項採礦索賠中（”曼尼布里奇項目“）。
Pursuant to the Amending Agreement, the outside date in which the Company may exercise the call option to acquire the Interest from Mistango shall be extended from April 30, 2024 to April 30, 2026. As consideration for the extension, the Company shall grant Mistango a total of 1,000,000 common shares in the capital of the Company ("Common Shares"), at a deemed price of $0.02 per Common Share, for gross total consideration value of $20,000.
根據修正協議，公司行使the 看漲期權以從Mistango收購權益的外部日期應延長至2024年4月30日to 2026年4月30日。作爲延期的對價，公司應向Mistango授予公司資本中1,000,000股普通股中的total 股（”普通股“），deemed 價格爲每股普通股0.02美元，總對價值爲 20,000美元。
Pursuant to amended Call Option Agreement, Metal Energy shall, subject to prior approval of the TSX Venture Exchange (the "Exchange"), have the right to re-acquire the Interest from Mistango at any time prior to April 30, 2026 (the "Call Option"). The purchase price payable by Metal Energy to Mistango for the Interest on the Closing Date is $2,250,000, which may be paid, at the sole option of Metal Energy, in cash or in common shares of Metal Energy ("Metal Energy Shares").
根據經修訂的看漲期權協議，金屬能源應事先獲得多倫多證券交易所合資企業Exchange (”交換“），有權在2026年4月30日之前的任何時候從Mistango重新收購權益（”看漲期權“).Metal Energy 在Closing 日向Mistango 支付的利息收購價爲225萬美元，這筆利息可以由MetalEnergy 的唯一選擇權以現金或in 的金屬能源普通股支付 (”金屬能源股票“)。
The Amending Agreement, the issuance of the Common Shares to Mistango thereto, the exercise of the Call Option and the completion of the transfer of Interest from Mistango to Metal Energy shall be subject to the prior approval of the Exchange. There is no assurance that Exchange approval will be obtained.
修訂協議、向Mistango發行普通股、行使看漲期權以及完成從Mistango向Metal Energyshall 的權益轉讓均須經交易所事先批准。無法保證會獲得交易所的批准。
Additional Information on the Amending Agreement
有關修訂協議的其他信息
The Amending Agreement involves "Non-Arm's Length Parties" as such term is defined Policy 1.1 of the Exchange, as Stephen Stewart, Alex Stewart, Michael Mansfield and Charles Beaudry, directors of Metal Energy, are also directors of Mistango. In accordance with Policy 5.3 of the Exchange, the Option Agreement constitutes a "Reviewable Disposition" for Metal Energy.
修正協議涉及 “非正常交易方”，其定義爲Exchange 的政策1.1，因爲金屬能源董事斯蒂芬·斯圖爾特、亞歷克斯·斯圖爾特、邁克爾·曼斯菲爾德和查爾斯·博德里是 Mistango 的alsodirectors。 根據交易所的政策5.3，期權協議構成了金屬能源的 “可審查的處置權”。
The Amending Agreement is not a "related party transaction" pursuant to Multilateral Instrument MI 61-101, "Protection Of Minority Security Holders In Special Transactions" ("MI 61-101") as Mistango is not a related party of Metal Energy. Although Metal Energy and Mistango have common directors and executive officers, Mistango does not meet the definition of a related party under MI 61-101. As of the date of this news release, Stephen Stewart owns 1.6% of the outstanding common shares of Mistango, Alex Stewart owns 0.1% of the outstanding common shares of Mistango, Charles Beaudry owns 0.6% of the outstanding common shares of Mistango, and Joel Friedman who acts as Chief Financial Officer of both Metal Energy and Mistango owns 0% of the outstanding common shares of Mistango, and Michael Mansfield owns 0% of the outstanding common shares of Mistango. Stephen Stewart, Alex Stewart, Michael Mansfield and Charles Beaudry and Joel Friedman are not "acting in concert" (as such term is defined under applicable securities laws), and as such are not individually or jointly control persons of Metal Energy or Mistango. Therefore, Metal Energy and Mistango are not affiliated entities with each other or the directors of either company, nor do the directors or officers of Metal Energy own more than 50% of the shares of Mistango River Resources.
根據多邊文書 MI61 -101， “在特殊交易中保護少數股權持有人”，修訂協議不是 “關聯方交易” (”MI 61-101“) 因爲 Mistango 是not 金屬能源的關聯方。儘管 Metal Energy 和 Mistango 有共同的董事和高管officers，但 Mistango 不符合密歇根州 61-101 中a 關聯方的定義。截至本新聞發佈之日，斯蒂芬·斯圖爾特擁有米斯坦戈1.6％的已發行普通股，亞歷克斯·斯圖爾特擁有米斯坦戈0.1％的已發行普通股，查爾斯·博德里擁有米斯坦戈0.6％的已發行普通股，擔任金屬能源和米斯坦戈首席財務官的喬爾·弗裏德曼擁有米斯坦戈0％的已發行普通股，邁克爾·曼斯菲爾德擁有米斯坦戈0％的已發行普通股安戈。斯蒂芬·斯圖爾特、亞歷克斯·斯圖爾特、邁克爾·曼斯菲爾德和查爾斯·博德里以及喬爾·弗裏德曼不是 “一致行動”（該術語的定義見適用的securities 法律），因此也不是金屬能源或米斯坦戈的個人或共同控制人員。因此，Metal Energy和Mistango彼此之間既不是關聯實體，也不是company 的董事，金屬能源的董事或高級管理人員也沒有擁有米斯坦戈河資源50％以上的股份。
No finders fees were paid in connection with the Amending Agreement.
沒有支付任何與修正協議相關的發現者費用。
About Metal Energy Corp.
關於金屬能源公司
Metal Energy is a battery metal exploration company with two projects in politically stable Canadian jurisdictions; Manibridge (Ni-Cu-Co-PGE) in Manitoba, and SourceRock (Li-Na-K) in Ontario. The Manibridge Project is 85% owned by Metal Energy and 15% owned by Mistango. SourceRock is subject to earn-in agreement where the Company can acquire 100% exploration rights to the project.
Metal Energy是一家電池金屬勘探公司，在政治穩定的加拿大jurisdictions、曼尼托巴省的Manibridge（NI-CU-co-PGE）和安大略省的SourceRock（Li-Na-K）有兩個項目。Manibridge 項目由 Metal Energy 擁有 85% 的股權，Mistango 擁有 15% 的股權。SourceRock受盈利協議的約束，根據該協議，公司可以收購該項目的100％exploration 版權。
The Interest in the Manibridge Project is subject to (i) a 2% net smelter royalty held by Glencore Canada Corporation, of which one-half (50% of the said 2%) can be bought back for $1,000,000 prior to the expiry of one year after the start of commercial production on the Manibridge Project and (ii) a 1% net smelter royalty on claims P1271F and P1262F and a 2% net smelter royalty on the other 17 claims of the Manibridge Project held by CanAlaska Uranium Limited (the "NSRs")
Manibridge項目的權益受（i）加拿大嘉能可Corporation,of 持有的2％的淨冶煉廠特許權使用費的約束，其中一半（占上述2％的50％）可以在曼尼布里奇開始商業生產後一年內回購priorProject 和 (ii) P1271F 和 P1262F 索賠的冶煉廠特許權使用費淨額爲 1%，對由CanAlaska Uranim Limited 持有的 Manibridge 項目其他 17 項索賠收取 2% 的淨冶煉廠特許權使用費（”NSR“)
For further information, please contact:
欲了解更多信息，請聯繫：
Metal Energy Corp.
MERG on the TSXV
info@metalenergy.ca
金屬能源公司
在多倫多證券交易所上市
info@metalenergy.ca
James Sykes, CEO
jsykes@oregroup.ca
306-221-8717
首席執行官詹姆斯·賽克斯
jsykes@oregroup.ca
306-221-8717
Reader Advisory
讀者諮詢
Neither the TSX Venture Exchange Inc. 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.
TSX Venture Exchange Inc. 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。
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements)", including details about the business of Metal Energy. All statements in this news release, other than statements of historical facts, that address events or developments that Metal Energy expect to occur, are forward-looking statements, including, but not limited to, the receipt of Exchange approval for the Amending Agreement and the Call Option, or the exercise of the Call Option by Metal Energy. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Metal Energy's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in Metal Energy's public disclosure documents available at . Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, neither Metal Energy undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
本新聞稿中列出的某些信息包含前瞻性陳述或信息（”前瞻性陳述）”，包括有關金屬能源業務的詳細信息。本新聞稿中除歷史事實陳述外，所有涉及金屬能源預計將發生的事件或事態發展的陳述均爲前瞻性陳述，包括但不限於修正協議和看漲期權的交易所批准，或金屬能源行使看漲期權Option 的情況。就其性質而言，前瞻性陳述受許多風險和不確定性的影響，其中一些是金屬能源無法控制的，包括總體經濟狀況、行業狀況、大宗商品價格波動、貨幣波動、環境風險、運營風險、來自其他行業參與者的競爭、股票市場波動的影響。儘管公司認爲其前瞻性陳述中的預期是合理的，但其前瞻性陳述是基於有關未來事件的因素和假設，這些因素和假設可能不準確。這些因素和假設以目前可獲得的信息爲基礎。此類陳述受已知和未知風險、不確定性和其他因素的影響，這些因素可能會影響實際業績或事件，並導致實際結果或事件與前瞻性陳述中陳述、預期或暗示的結果或事件存在重大差異。因此，提醒讀者不要過分依賴前瞻性陳述，因爲無法對未來的業績、活動水平或成就提供保證。Metal Energy的公開披露文件中討論了風險、不確定性、重大假設和其他可能影響實際業績的因素，網址爲。此外，本文件中包含的前瞻性陳述自本文件發佈之日起作出，除非適用法律要求，否則Metal Energy均不承擔任何義務公開更新或修改所包含的任何前瞻性陳述，無論是由於新信息、未來事件還是其他原因。本警示聲明明確限制了本文件中包含的前瞻性陳述。
Neither the TSX Venture Exchange Inc. 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.
TSX Venture Exchange Inc. 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。
譯文內容由第三人軟體翻譯。