Great Quest Announces Resumption of Trading and Provides Update on Acquisition of Belmont Exploration
Great Quest Announces Resumption of Trading and Provides Update on Acquisition of Belmont Exploration
VANCOUVER, British Columbia, May 27, 2024 (GLOBE NEWSWIRE) -- Great Quest Fertilizer Ltd. (TSX-V: GQ) ("Great Quest" or the "Company") announces today that it has been advised by the TSX Venture Exchange (the "TSXV") that the common shares of Great Quest will resume trading on the TSXV effective May 29, 2024 at the opening of trading.
不列顛哥倫比亞省溫哥華，2024年5月27日（GLOBE NEWSWIRE）——Great Quest化肥有限公司（多倫多證券交易所股票代碼：GQ）（“Great Quest” 或 “公司”）今天宣佈，多倫多證券交易所風險交易所（“多倫多證券交易所”）已告知Great Quest的普通股將於2024年5月29日開盤時恢復在多倫多證券交易所的交易。
Further to the Company's December 23, 2023 press release, the Company has submitted the supporting documentation requested by the TSX Venture Exchange (the "TSXV") and is working with the TSXV to obtain final approval of the acquisition of up to 70% of the issued and outstanding shares of Belmont Exploration (PTY) Ltd. (the "Transaction"). The Company also provides the following additional information regarding the Transaction:
繼公司於2023年12月23日發佈新聞稿之後，該公司已提交了多倫多證券交易所風險交易所（“TSXV”）要求的支持文件，並正在與多倫多證券交易所合作，爭取最終批准收購貝爾蒙特勘探（PTY）有限公司高達70％的已發行和流通股份（“交易”）。公司還提供有關該交易的以下其他信息：
- Pursuant to the Company's acquisition of up to a 70% equity interest in Belmont Exploration (PTY) Ltd. ("Belmont"). Belmont owns: (i) a 90% ownership interest in Khorixas Mineral Exploration (PTY) Ltd. ("Khorixas") which owns EPL7031, (ii) a 90% ownership interest in Damarabelt Mineral Exploration (PTY) Ltd. ("Damarabelt") which owns EPL6772, and (iii) an 85% ownership interest in K Seventeen Minerals (PTY) Ltd. ("K Seventeen") which owns EPL8237.
- EPL8650, EPL8651 and EPL8676 are currently held by Ongwe Minerals (PTY) Ltd. ("Ongwe") which prior to the closing of the Transaction, owns a 100% equity interest in Belmont. Pursuant to a share purchase and subscription agreement between inter alia, Belmont and Ongwe, Ongwe must use best commercial endeavors to transfer these EPLs to Belmont.
- EPL8291 and EPL8405 are held by the shareholder and director of Ongwe and pursuant to a share purchase and subscription agreement between inter alia, Belmont and Ongwe, Ongwe must use best commercial endeavors to transfer these EPLs to Belmont.
- EPL6424 expired on January 28, 2023 but a renewal application was submitted to the Namibian Ministry of Mines and the renewal is expected in due course. This EPL is registered to Festus Haoseb ("Festus"). Pursuant to a memorandum of agreement, as amended, between Exploration18 (Pty) Ltd ("Exploration18"), Ongwe and Festus, Exploration 18 obtained an option to acquire 92% of this EPL and later assigned the option to Ongwe. Pursuant to a share purchase and subscription agreement between inter alia, Belmont and Ongwe, Ongwe must use best commercial endeavors to transfer the this EPL to Belmont.
- EPL6772 expired on February 14, 2024 but a renewal application was submitted to the Namibian Ministry of Mines and the renewal is expected in due course. EPL6772 is held by Damarabelt.
- EPL7031 expired on February 3, 2024 but a renewal application was submitted to the Namibian Ministry of Mines and the renewal is expected in due course. EPL7031 is held by Khorixas.
- EPL8237 expired on March 23, 2024 but a renewal application was submitted to the Namibian Ministry of Mines and the renewal is expected in due course. EPL8237 is held by K Seventeen.
- EPL8530 is an application submitted by Ongwe and the awarding of the EPL is expected in the ordinary course of business. Pursuant to a share purchase and subscription agreement between inter alia, Belmont and Ongwe, Ongwe must use best commercial endeavors to transfer this EPL to Belmont.
- EPL8790, EPL9022, EPL9449, EPL9450 are applications for exclusive prospecting licences that were submitted to the Namibian Ministry of Mines by Ongwe that Great Quest expects will be issued in due course. Pursuant to a share purchase and subscription agreement between inter alia, Belmont and Ongwe, Ongwe must use best commercial endeavors to transfer these EPLs to Belmont.
- EPL9987 is an application for an exclusive prospecting licence that was submitted to the Namibian Ministry of Mines by Belmont that Great Quest expects will be issued in due course.
- 根據該公司收購貝爾蒙特勘探（私人）有限公司（“貝爾蒙特”）高達70％的股權。貝爾蒙特擁有：（i）擁有 EPL7031 的霍里克薩斯礦產勘探（PTY）有限公司（“Khorixas”）90％的所有權權益，（ii）擁有 EPL6772 的達馬拉貝爾特礦產勘探（私人）有限公司（“達馬拉貝爾特”）90％的所有權，以及（iii）K Seventeen Minerals（PTY）有限公司（“K Seventeen”）85％的所有權權益擁有 EPL8237。
- EPL8650、EPL8651 和 EPL8676 目前由昂威礦業（私人）有限公司（“Ongwe”）持有，在交易完成之前，該公司擁有貝爾蒙特100％的股權。根據雙方的股票購買和認購協議 除其他外、Belmont 和 Ongwe，Ongwe 必須盡最大努力將這些 EPL 轉讓給貝爾蒙特。
- EPL8291 和 EPL8405 由 Ongwe 的股東兼董事持有，根據兩者之間的股票購買和認購協議 除其他外、Belmont 和 Ongwe，Ongwe 必須盡最大努力將這些 EPL 轉讓給貝爾蒙特。
- EPL6424 已於 2023 年 1 月 28 日到期，但續訂申請已提交給納米比亞礦業部，預計將在適當時候延期。這個 EPL 註冊於 Festus Haoseb（“Festus”）。根據Exploration18（私人）有限公司（“Exploration18”）、Ongwe和Festus之間經修訂的協議備忘錄，Exploration18獲得了收購該英超92％股份的期權，後來將期權轉讓給了Ongwe。根據雙方的股票購買和認購協議 除其他外、Belmont 和 Ongwe，Ongwe 必須盡最大努力將這個 EPL 轉讓給貝爾蒙特。
- EPL6772 已於 2024 年 2 月 14 日到期，但續訂申請已提交給納米比亞礦業部，預計將在適當時候延期。EPL6772 由達馬拉貝爾特持有。
- EPL7031 已於 2024 年 2 月 3 日到期，但續訂申請已提交給納米比亞礦業部，預計將在適當時候延期。EPL7031 由 Khorixas 持有。
- EPL8237 已於 2024 年 3 月 23 日到期，但續訂申請已提交給納米比亞礦業部，預計將在適當時候延期。EPL8237 由 K Seventeen 持有。
- EPL8530 是 Ongwe 提交的申請，預計將在正常業務過程中授予英超聯賽。根據雙方的股票購買和認購協議 除其他外、Belmont 和 Ongwe，Ongwe 必須盡最大努力將這個 EPL 轉讓給貝爾蒙特。
- EPL8790、EPL9022、EPL9449、EPL9450 是Ongwe向納米比亞礦業部提交的獨家探礦許可證申請，Great Quest預計將在適當時候發放這些許可證。根據雙方的股票購買和認購協議 除其他外、Belmont 和 Ongwe，Ongwe 必須盡最大努力將這些 EPL 轉讓給貝爾蒙特。
- EPL9987 是貝爾蒙特向納米比亞礦業部提交的獨家勘探許可證申請，Great Quest預計將在適當時候簽發該許可證。
About Great Quest
關於《大探索》
Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African gold projects. The Company's flagship asset is the Sanoukou Gold Project, encompassing 24 km2 located in the Kayes region to the West of Mali and developing the Tilemsi Phosphate Project a 1,206 km2 parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.
Great Quest 化肥有限公司是一家加拿大礦產勘探公司，專注於開發非洲的黃金項目。該公司的旗艦資產是薩努庫黃金項目，佔地24公里2 位於馬裏西部的卡耶斯地區，正在開發Tilemsi磷酸鹽項目，該項目位於馬裏東北部，佔地1,206平方公里，含有可直接用作肥料的高質量磷酸鹽資源。Great Quest在多倫多證券交易所風險交易所上市，股票代碼爲GQ，在法蘭克福證券交易所上市，股票代碼爲GQM。
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.
代表 GREAT QUEST 化肥有限公司董事會
"Jed Richardson"
“傑德·理查森”
President, Chief Executive Officer and Director
總裁、首席執行官兼董事
Disclaimer for Forward-Looking Information
前瞻性信息免責聲明
This news release may contain forward-looking statements. Forward-looking statements include, without limitation, the trading of the Company's shares, the Transaction and the Company's ability to complete the Transaction the Company's ability to raise additional financing and the Company's future plans. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
本新聞稿可能包含前瞻性陳述。 前瞻性陳述包括但不限於公司股票的交易、交易和公司完成交易的能力、公司籌集額外融資的能力以及公司的未來計劃。 這些陳述基於當前的預期和假設，受風險和不確定性的影響。由於我們的中期和最新年度財務報表或向多倫多證券交易所風險交易所提交的其他報告和文件以及適用的加拿大證券法規的管理層討論和分析部分中討論的因素，實際業績可能會有重大差異。除非適用法律要求，否則我們不承擔任何更新任何前瞻性陳述的義務。
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商均不對本新聞稿的充分性或準確性承擔責任。
CONTACT: For more information: Please contact Jed Richardson by email at jed@greatquest.com
聯繫人：欲了解更多信息：請通過電子郵件與 Jed Richardson 聯繫 jed@greatquest.com
譯文內容由第三人軟體翻譯。