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Mineral Road Acquires Shares of Golcap Resources Corp.

Mineral Road Acquires Shares of Golcap Resources Corp.

Mineral Road收購了Golcap Resources公司的股份。
newsfile ·  2024/11/05 06:10

Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "ROAD") announces it has entered into an agreement dated November 1, 2024 (the "Acquisition Agreement") with 1459988 BC Ltd. ("1459988") wherein the Company has agreed to acquire from 1459988 2,500,000 shares (the "Golcap Shares") of Golcap Resources Corp. ("Golcap") at a deemed price of $0.20 per Golcap Share for a total purchase price of $500,000 in exchange for ROAD issuing to 1459988 6,250,000 shares of the Company (the "ROAD Shares") at a deemed price of $0.08 per ROAD Share for a total purchase price of $500,000. The Acquisition Agreement is subject to approval by the CSE. The ROAD Shares issued upon closing of the Acquisition Agreement will be subject to a four month hold period in accordance with applicable securities laws.

溫哥華,不列顛哥倫比亞省--(新聞資訊-2024年11月4日)-礦路發現公司(CSE: ROAD)("公司"或"ROAD")宣佈已於2024年11月1日訂立了一項協議("收購協議"),並與1459988 BC有限公司("1459988")達成協議,在此協議中公司已同意向1459988收購Golcap Resources Corp.("Golcap")的2,500,000股("Golcap股份"),每股Golcap股份的約定價格爲0.20美元,總購買價格爲500,000美元,換取公司向1459988發行的6,250,000股公司股份("ROAD股份"),每股ROAD股份的約定價格爲0.08美元,總購買價格爲500,000美元。收購協議需經CSE批准。根據適用證券法規定,收購協議封閉後發行的ROAD股份將受到四個月的持有期限限制。

1459988 is a control person of ROAD and Golcap. Emma Fairhurst, the Chairperson and a director of ROAD is also a director of 1459988. The issuance of shares to insiders is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization.

1459988是ROAD和Golcap的控股股東。ROAD的主席兼董事Emma Fairhurst也是1459988的董事。向內部人士發行股份被視爲Multilateral Instrument 61-101--《特殊交易中少數股東的保護》("MI 61-101")中"關聯方交易"的一部分。公司依賴MI 61-101第5.5(a)節的正式估值要求豁免規定,並依賴MI 61-101第5.7(1)(a)節的少數股東同意要求規定,以便對該內部人士參與的情況進行處理,因爲交易的公平市值,就涉及利益相關方而言,未超過公司總市值的25%。

FOR FURTHER INFORMATION CONTACT:

進一步信息請聯繫:

Jason Cubitt
Chief Executive Officer

Jason Cubitt
首席執行官

Emma Fairhurst
Chairperson

Emma Fairhurst
主席

Mineral Road Discovery Inc.
Telephone: 778 819 1870

Mineral Road Discovery Inc.
電話: 778 819 1870

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

加拿大證券交易所及其監管服務提供商(如定義在加拿大證券交易所政策中)對本新聞稿的充分性或準確性不承擔任何責任。

譯文內容由第三人軟體翻譯。


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