Sixty North Gold Mining Issues Early Warning Report
Sixty North Gold Mining Issues Early Warning Report
The debt settlements involving insiders of the Company constitute related party transactions for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Company is relying on exemption from the formal valuation requirement in MI 61-101 provided under section 5.5(b) of MI 61-101 on the basis that the Company's shares are not listed on any of the specified markets listed in MI 61-101. The debt settlements are also exempt from the majority of the minority approval requirement in MI 61-101 under section 5.7(1)(b) of MI 61-101 on the basis that the fair market value of the insiders' subscriptions is less than $2.5 million and was approved by all of the independent directors of the Company.Vancouver, British Columbia--(Newsfile Corp. - May 23, 2024) - Sixty North Gold Mining Ltd. (CSE: SXTY) ("Sixty North Gold" or the "Company"). In connection with the closing of Sixty North Gold's recently announced debt settlements, David R. Webb ("David"), the Company's President, Chief Executive Officer and a director, and all persons acting jointly or in concert with David, have acquired, directly and indirectly, 1,000,000 common shares of the Company (the "Shares"), representing approximately 2.39% of the total issued shares of the Company on a partially diluted basis (assuming exercise of David's Warrants and stock options only).
不列颠哥伦比亚省温哥华-（新闻稿Corp-2024年5月23日）- Sixty North Gold Mining Ltd. (CSE:SXTY)（“Sixty North Gold”或“公司”）。在Sixty North Gold最近宣布的债务解决方案的完成的同时，David R. Webb（“”） ，公司的总裁，首席执行官和董事，以及所有与David联合或协同行动的人，通过直接和间接方式收购了公司的1,000,000股普通股（“”），在部分稀释的基础上代表了公司总发行股份的约2.39％（仅假设行使David的认股权和股票期权）。大卫David和所有与David联合或协同行动的人之前持有14178607股股票，8875000份认股权和805000份激励股票期权，在部分稀释的基础上占公司当时已发行和流通的股票总数的约50.44％（仅假设行使大卫的认股权和股票期权）。在上述最近的分配之后，David现在拥有或控制或指示总共15178607股股票，8875000份认股权和805000份股票期权，在部分稀释的基础上代表公司已发行和流通的股票的约48.25％（仅假设行使David的认股权和股票期权）。股份David打算出于投资目的持有股票。根据市场情况和其他因素，David可能不时地收购公司的其他证券，出售其持有的现有或额外证券，或将继续持有其当前的位置。
David, and all persons acting jointly or in concert with David, previously held 14,178,607 Shares, 8,875,000 Warrants and 805,000 incentive stock options, representing approximately 50.44% of the then issued and outstanding Shares of the Company on a partially diluted basis (assuming the exercise of David's Warrants and stock options only). After the recent distribution described above, David now holds or has control or direction over a total of 15,178,607 Shares, 8,875,000 Warrants, and 805,000 stock options, representing approximately 48.25% of the total issued and outstanding Shares of the Company on a partially diluted basis (assuming the exercise of David's Warrants and stock options only).
公司正在为其100％拥有的Mon Gold Property开发黄金采矿业务，距Yellowknife以北40公里。过去的生产只在地表以下15米处开采了15,000吨矿石，在1990年代回收了约15,000盎司黄金（NI 43-101，2023年8月）。北斜坡已经重新开放，并已延伸到距离脉状物目标部位60米处。公司计划将斜坡延伸到以前开采停矿柱下方的脉状物的高品位历史钻孔相交点附近。计划是在该脉状物内安装横跨和提高物，以提取并在地面上贮存该脉状物。在确认矿石品位和吨数后，将引入获得许可的磨机处理此类开采物和后续采矿物。
David intends to hold the Shares for investment purposes. Depending upon market conditions and other factors, David may from time to time acquire additional securities of the Company, dispose of some or all of the existing or additional securities David holds in the Company, or will hold, or may continue to hold its current position.
有关公司未来预期的声明以及本新闻稿中除历史事实以外的所有其他声明都属于“前瞻性声明”。这样的前瞻性声明基于无数的假设，涉及已知和未知的风险，不确定性和其他因素，包括矿物勘探和开发中的风险，可能会导致公司的实际结果，表现或成就与任何预期的未来结果，表现或成就实质上不同，这些结果可能是明示或暗示的。有关适用于公司的风险的更多详细信息，包括相应的潜在风险和不确定因素，详见公司在SEDAR+（）（公司信息）下公开的文件，如最新的技术报告。
The debt settlements involving insiders of the Company constitute related party transactions for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Company is relying on exemption from the formal valuation requirement in MI 61-101 provided under section 5.5(b) of MI 61-101 on the basis that the Company's shares are not listed on any of the specified markets listed in MI 61-101. The debt settlements are also exempt from the majority of the minority approval requirement in MI 61-101 under section 5.7(1)(b) of MI 61-101 on the basis that the fair market value of the insiders' subscriptions is less than $2.5 million and was approved by all of the independent directors of the Company.
公司内部人士涉及的债务解决方案构成多边仪器61-101的相关方交易（“”），但公司依据MI 61-101第5.5(b)条款规定提供正式估值要求的豁免从而豁免 formality，并排除了MI 61-101第5.7(1)(b)条款规定的大多数少数股东的批准要求，理由是内部人士的认购的公允市场价值低于250万加元并获得公司的所有独立董事的批准。MI 61-101的《保护少数股东特别交易规定》（Protection of Minority Security Holders in Special Transactions）规定，在向MCAPM LP发行债券的情况下，公司可以依靠MI 61-101第5.5（a）和5.7（1）（a）条中规定的从正式估值中豁免，并不要求获得少数股东批准的豁免规定，因为债券的公允市场价值低于公司市值的25％（在适用MI 61-101的情况下分别确定）。 ("mi 61-101电话：604 818-1400
About the Company
关于公司
The Company is developing mining operations for gold on its 100%-owned Mon Gold Property, 40 km north of Yellowknife, NWT. Past production extracted 15,000 tonnes of ore to depths of only 15 m below surface, recovering an estimated 15,000 ounces of gold in the 1990's (NI 43-101, August 2023). The North Ramp has been reopened and has been extended to within 60 m of the target portion of the vein. The Company plans to extend the ramp to where some high-grade historic holes intersected the vein beneath the previously mined stopes. The plan is to install cross-cuts and raises within the vein to extract and stockpile the vein material on surface. Upon confirmation of the grade and tonnage, a permitted mill will be brought in to process this and ongoing mined material.
该公司正在开发位于北极黄刀镇以北40公里的Mon黄金物业的黄金矿业，物业为100%自有。过去的生产仅挖掘了1500万以下深度的15,000吨矿石，在1990年代回收了估计的15,000盎司黄金（NI 43-101，2023年8月）。北侧连续矿体已经重新开采并延伸到目标矿脉部位6000万以内。公司计划将坡道延伸到历史高品位口井下方与开采停顿处矿脉相交的地方。计划在矿脉内设置横向和竖向的区间以提取并在地表堆放矿脉材料。确认矿石品位和矿量后，将引进获得许可的磨粉机加工此类矿石和正在开采的矿石。
For more information, please refer to the Company's public filings available on SEDAR+ (), under the Company's profile.
请参阅公司在SEDAR +（）下提供的公开文件，公司信息下的文件，以获取更多信息。
ON BEHALF OF THE BOARD OF DIRECTORS
董事会代表
"Dave Webb"
Dave Webb, President & CEO
Dave Webb
Dave Webb，总裁兼首席执行官
For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: dave@drwgcl.com
Website:
如需更多信息，请联系：
Dave Webb
公司正在为其100％拥有的Mon Gold Property开发黄金采矿业务，距Yellowknife以北40公里。过去的生产只在地表以下15米处开采了15,000吨矿石，在1990年代回收了约15,000盎司黄金（NI 43-101，2023年8月）。北斜坡已经重新开放，并已延伸到距离脉状物目标部位60米处。
公司计划将斜坡延伸到以前开采停矿柱下方的脉状物的高品位历史钻孔相交点附近。计划是在该脉状物内安装横跨和提高物，以提取并在地面上贮存该脉状物。在确认矿石品位和吨数后，将引入获得许可的磨机处理此类开采物和后续采矿物。
网址：
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements." Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR+ (), under the Company's profile.
本新闻稿中关于公司未来预期/或对未来的看法和所有其他除历史事实以外的陈述均为"前瞻性陈述"。此类前瞻性陈述基于许多假设和涉及已知和未知的风险，不确定性和其他因素，包括涉及矿物勘探和开发的风险，这些因素可能导致公司实际结果、表现或成就与任何预期未来结果、表现或成就实质上不同，这些结果可能会以明示或暗示等方式表现出来。 更多关于适用于公司的风险的细节，请参阅公司在SEDAR+（），公司概要下可获取的公开档案。
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this news release.
加拿大证券交易所及其监管服务提供商对本新闻发布的充分性或准确性不承担任何责任。
