Under the second tranche, the Company issued 54,206,060 common shares (each, a 'Share') of the Company at a price of
As disclosed in the Company's news release dated
Closing of the first tranche took place on
In connection with the Private Placement, the Company and the Investor entered into an investor rights agreement (the 'Investor Rights Agreement') as further described in the news release of the Company dated
About Singapore J&Y Investment PTE. LTD.
Singapore J&Y Investment PTE. Ltd. ('J&Y') is a
In the mining sector, J&Y pays attention to non-ferrous metal mining projects at various stages, and particularly in the upgrading and development of mining projects on important metallogenic belts in
Required Early Warning Report Disclosure
Under the first tranche issuance that closed on
About
Contact:
Tel: 604-484-7855
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding the intended use of proceeds from the Private Placement and other future events or developments are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company is able to use the proceeds from the Private Placement as anticipated. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation: operational risk; political risk; currency risk; capital cost inflation risk and market risks. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.
Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
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