Mistango Grants Extension to Metal Energy to Re-Acquire 15% Interest in Manibridge Property
Mistango Grants Extension to Metal Energy to Re-Acquire 15% Interest in Manibridge Property
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. Toronto, Ontario--(Newsfile Corp. - May 17, 2024) - Mistango River Resources Inc. (CSE: MIS) (the "Company" or "Mistango") is pleased to announce that it has entered into an amendment agreement (the "Amending Agreement") with Metal Energy Corp. ("Metal Energy") wherein Mistango and Metal Energy agreed to amend a mining property call option agreement dated October 28, 2022 (the "Call Option Agreement"). The Call Option Agreement grants Metal Energy 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").
多伦多，安大略省-（新闻稿）。2024年5月17日）- Mistango River Resources Inc.（CSE：MIS）（以下简称“ Mistango ”）很高兴宣布，已与 Metal Energy Corp.（以下简称“ Metal Energy ”）签订修订协议（以下简称“修订协议”）。Mistango和Metal Energy同意修改于2022年10月28日签订的采矿物业看涨期权协议（以下简称“看涨期权协议”）。看涨期权协议授予Metal Energy对马尼托巴省19个采矿权（以下简称“Manitoba Project”）中的15％权益（除以下定义的“净 smelter 返回率”之外的权益）的再收购权。公司计划议程Mistango”）很高兴宣布，已与 Metal Energy Corp.（以下简称“ Metal Energy ”）签订修订协议（以下简称“修订协议”）。修订协议”）Metal Energy”）看涨期权协议”）利息“权益”Manibridge Project。”
Pursuant to the Amending Agreement, the outside date in which Metal Energy 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, Metal Energy shall grant Mistango a total of 1,000,000 common shares in the capital of Metal Energy ("Common Shares"), at a deemed price of $0.02 per Common Share, for gross total consideration value of $20,000.
根据修订协议，Metal Energy行使收购来自 Mistango 的权益的看涨期权的最后期限将从2024年4月30日延长至2026年4月30日。作为延期的考虑，Metal Energy将总共发行100万股Metal Energy普通股（以下简称“普通股”），以每股0.02美元的名义价格，总名义价格为20000美元，授予Mistango。普通股份。普通股
Pursuant to the 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 $2,250,000, which may be paid, at the sole option of Metal Energy, in cash or in common shares of Metal Energy ("Metal Energy Shares").
根据修订的看涨期权协议，Metal Energy应于2026年4月30日之前，获得 TSX Venture 交易所的事先批准，有权从 Mistango 处重新收购权益 (以下简称 “看涨期权”)。收购日期 Metal Energy 向 Mistango 支付权益的购买价格为$ 2,250,000，并可由 Metal Energy 独家选择，以现金或 Metal Energy 普通股（以下简称 “Metal Energy 股份”）支付。交易所TSX Venture Exchange看涨期权”）Metal Energy股份）
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.
修订协议，向Mistango发行普通股，行使看涨期权以及将权益从 Mistango 转让至 Metal Energy 的完成，均需获得交易所事先批准。不能保证获得交易所批准。
Additional Information on the Amending Agreement
有关修订协议的补充信息
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.
该修订协议涉及"非关联方"，即史蒂芬·斯图尔特、亚历克斯·斯图尔特、迈克尔·曼斯菲尔德和查尔斯·博德里，作为金属能源的董事，又是Mistango的董事。根据交易所政策1.1的规定，“选择权协议”构成金属能源的“可审核处置”。
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.
修订协议不是根据多边统一文书MI 61-101《特殊交易中少数股东保护法》的“关联方交易”，因为Mistango不是金属能源的关联方。尽管金属能源和Mistango有共同的董事和高管，但Mistango不符合MI 61-101下的“关联方”定义。截至本新闻发布日期，史蒂芬·斯图尔特持有Mistango普通股的流通比率为1.6%，亚历克斯·斯图尔特持有Mistango普通股的流通比率为0.1%，查尔斯·博德里持有Mistango普通股的流通比率为0.6%，同时担任金属能源和Mistango的首席财务官的乔尔·弗里德曼持有Mistango普通股的流通比率为0%，迈克尔·曼斯菲尔德持有Mistango普通股的流通比率为0%。史蒂芬·斯图尔特、亚历克斯·斯图尔特、迈克尔·曼斯菲尔德和查尔斯·博德里以及乔尔·弗里德曼不是“协同行动”（按适用的证券法定义），因此他们不是金属能源或Mistango的控制人，也不是这两家公司的董事或高管，也不会拥有超过Mistango River Resources股份的50%以上。mi 61-101修订协议未涉及多边统一文书MI 61-101《特殊交易中少数股东保护法》下的“关联方交易”，因为Mistango不是金属能源的关联方。尽管金属能源和Mistango有共同的董事和高管，但Mistango不符合MI 61-101下的“关联方”定义。截至本新闻发布日期，史蒂芬·斯图尔特持有Mistango普通股的流通比率为1.6%，亚历克斯·斯图尔特持有Mistango普通股的流通比率为0.1%，查尔斯·博德里持有Mistango普通股的流通比率为0.6%，同时担任金属能源和Mistango的首席财务官的乔尔·弗里德曼持有Mistango普通股的流通比率为0%，迈克尔·曼斯菲尔德持有Mistango普通股的流通比率为0%。史蒂芬·斯图尔特、亚历克斯·斯图尔特、迈克尔·曼斯菲尔德和查尔斯·博德里以及乔尔·弗里德曼不是“协同行动”（按适用的证券法定义），因此他们不是金属能源或Mistango的控制人，也不是这两家公司的董事或高管，也不会拥有超过Mistango River Resources股份的50%以上。
No finders fees were paid in connection with the Amending Agreement.
与修订协议相关的发现费未得到支付。
The Interest in the Manibridge Project is subject to (i) a 2% net smelter royalty held by Glencore Canada Corporation 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项目的权益受Glencore Canada公司持有的2%净冶炼税的制约，以及受CanAlaska Uranium公司持有的claims P1271F和P1262F上的1%净冶炼税和其他17个claims上的2%净冶炼税的制约。关于Mistango River Resources Inc。Mistango是一家加拿大勘探公司，拥有对安大略省Kirkland Lake的两个有前景的物业的100%权益。Omega物业位于Larder Lake，周围是MAG Silver的Larder Lake物业，并趋向于历史上生产了11 Moz的Kerr Addison矿山。Kirkland West物业与Agnico Eagle的Macassa矿山相邻，对物业进行的勘探显示主要构造，包括Amalgamated和Main Breaks与Kirkland West物业上的Cadillac-Larder Lake Break汇合。该公司正在其Goldie项目进行勘探工作，该项目距离Thunder Bay市西50公里，位于Shebandowan绿岩带内。
About Mistango River Resources Inc.
如需更多信息，请联系我们：
Mistango is a Canadian-based exploration company with a 100% interest in two prospective properties in Kirkland Lake, Ontario. The Omega Property is located in Larder Lake surrounded by MAG Silver's Larder Lake property and on trend from the Kerr Addison mine that historically produced 11 Moz. The Kirkland West property is continguous with Agnico Eagle's operating Macassa mine and exploration conducted on the property has shown that major structures, including the Amalgamated and Main Breaks, converge with the Cadillac-Larder Lake Break on the Kirkland West property. The company is exploring at its Goldie project, 50km west of Thunder Bay, within the Shebandowan Greenstone Belt.
Mistango River Resources
For further information, please contact us:
Jamie Spratt，首席执行官
Mistango River Resources
Jamie Spratt, CEO
416.435.5199
jspratt@oregroup.ca
416.435.5199
jspratt@oregroup.ca
本新闻发布中所载信息的某些部分包含前瞻性声明或信息（"前瞻性声明或信息"），包括有关Mistango業務的詳細信息。本新闻发布中的所有陈述，除了涉及Mistango预期发生的事件或发展的历史事实陈述之外，都是前瞻性声明，包括但不限于本公司的前瞻性声明：就“修订协议和看涨购股权的交易所批准收到或金属能源行使看涨权是否被行使。由于其本质上，前瞻性声明很可能面临如下诸多风险和不确定性，其中一些风险和不确定性超出了Mistango的控制范围：一般经济条件的影响，行业状况，商品价格的波动，货币汇率的波动，环境风险，运营风险，来自其他行业参与者的竞争，股票市场波动性。虽然该公司认为其前瞻性声明中的预期是合理的，但其前瞻性声明是基于有关未来事件的因素和假设而作出的，这些事件可能被证明是不准确的。这些因素和假设基于目前可用信息。此类声明受到已知和未知的风险，不确定因素和其他可能影响实际结果或事件的因素的影响，并可能导致实际结果或事件与前瞻性声明中陈述的、预期的或暗示的结果或事件有所不同。因此，读者应谨慎对待前瞻性陈述，因为无法提供对于未来结果、活动级别或成就的保证。可能影响实际结果的风险、不确定因素、重要假设和其他因素在Mistango的公开披露文件中进行了讨论，并可从其网站上获得。此外，本文档中包含的前瞻性陈述是根据本文档发布之日所作出，除按适用法律规定之外，Mistango不承担公开更新或修正所包含的前瞻性声明的任何义务。本文档中的前瞻性声明受到本警告声明的明确限制。
TSX Venture Exchange Inc.或其Regulation Services Provider（如TSX Venture Exchange的政策所定义的那样）对此发布的充分性或准确性不承担任何责任。
Forward-Looking Statements
前瞻性声明
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements)", including details about the business of Mistango. All statements in this news release, other than statements of historical facts, that address events or developments that Mistango 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 Mistango'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 Mistango'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 Mistango 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.
前瞻性陈述
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.
