Suche
 
Folgen Sie uns auf:

Cartier Iron Completes Shares-for-Debt Transaction

02.08.2018  |  GlobeNewswire

TORONTO, Aug. 02, 2018 -- Cartier Iron Corp. (CSE: CFE) (“Cartier Iron” or the Corporation), is pleased to report that it has completed a shares-for-debt transaction (the “Transaction”) whereby Cartier Iron issued 2,700,000 common shares (“Common Shares”) to creditors of the Corporation (the “Creditors”), who are all also insiders of the Corporation, at a deemed price of $0.125 per share in connection with the payment of $337,500 of debt owed by Cartier Iron to the Creditors. The Creditors also forgave debt aggregating $511,349 owed to them by the Corporation.

The Transaction was undertaken by Cartier Iron in order to conserve capital and improve the Corporation’s balance sheet. The Transaction was described fully in its management information circular dated May 30, 2018, in connection with Cartier Iron’s Annual and Special Shareholders Meeting (the “Meeting”) which was held on June 28, 2018.

In accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, disinterested shareholder approval was obtained at the Meeting for the issuance of the Common Shares to the Creditors who are insiders and are deemed to be ‘related parties”. All of the securities issued by Cartier Iron pursuant to the Transaction are subject to a 4-month hold period, expiring on December 2, 2018.

About Cartier Iron Corporation

Cartier Iron is an exploration and development Company focused on discovering and developing significant iron ore resources in Quebec, and a potentially significant gold property in the province of Newfoundland and Labrador. The Company's iron ore projects include the Gagnon Holdings in the southern Labrador Trough region of east-central Quebec. The Big Easy gold property is located in the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland.

Please visit Cartier Iron's website at www.cartieriron.com.

For further information please contact:

Thomas G. Larsen Jorge Estepa
Chief Executive Officer Vice-President
(416) 360-8006 (416) 360-8006

The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historical facts are “forward-looking statements” and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking statements”.


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Cartier Silver Corp.
Bergbau
A3D1KE
CA14677R1038
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"