NOA Announces First Tranche Warrant Exercise, Acquisition and Provides Corporate Update
NOA Announces First Tranche Warrant Exercise, Acquisition and Provides Corporate Update
BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 1, 2023 / NOA Lithium Brines Inc. (TSXV:NOAL)(FSE:N7N) ("NOA" or the "Company") is pleased to announce that the directors and officers of the Company and certain founding shareholders that hold common share purchase warrants exercisable at $0.20 per common share of the Company (the "Warrants") have exercised 5,519,000 Warrants, which is 20% of these Warrants they hold, to provide the Company with $1,505,800 to reinforce the ongoing exploration program of the Company's Rio Grande Project and for general corporate working capital (the "Warrant Exercise").
阿根廷布宜諾斯艾利斯/ACCESSWIRE/2023年11月1日/NOA Lithium Brines Inc.(TSXV: NOAL)(FSE: N7N)(“NOA” 或 “公司”)欣然宣佈,公司董事和高級管理人員以及持有可按公司普通股每股0.20美元行使普通股購買權證(“認股權證”)的某些創始股東已行使了5,519,000份認股權證佔其持有的認股權證的20%,將向公司提供1,505,800美元,以加強公司里奧格蘭德項目正在進行的勘探計劃,也用於一般公司營運資金(“認股權證行使”)。
Management's participation in the Warrant Exercise is indicative of its continued commitment and endorsement of the Company, and Management expects that other founding shareholders of the Company holding such Warrants will follow the same path.
管理層參與認股權證行使表明其對公司的持續承諾和支持,管理層預計,持有此類認股權證的公司其他創始股東也將走同樣的道路。
NOA's Chief Executive Officer, Gabriel Rubacha, states: "Together with Hernan Zaballa, Executive Chairman of the Company, we are pleased to be able to support, both as founders and management, the ongoing exploration efforts of the Company and appreciate the same commitment from the other directors, officers and founding shareholders of the Company. We are fully funded and on schedule to complete our initial exploration drilling campaign, aimed to achieve our maiden resource estimate to be released in early 2024, which shall be a major milestone for the development of the Rio Grande Project and the Company."
NOA 首席執行官加布裏埃爾·魯巴查表示: “我們很高興能夠與公司執行董事長埃爾南·扎巴拉一起,作爲創始人和管理層支持公司正在進行的勘探工作,並感謝公司其他董事、高級管理人員和創始股東的同樣承諾。我們資金充足,並按計劃完成我們最初的勘探鑽探活動,旨在實現將於2024年初發布的首次資源估算,這將是里奧格蘭德項目和公司開發的重要里程碑。”
Corporate Update & Acquisition
公司更新與收購
The exploration drilling campaign at our Rio Grande project continues as planned. Hole RG23-004 (4 th well) at the El Camino claim located in the northeast of the Rio Grande's salar is well advanced and a second drilling rig will be mobilized and start drilling this week at the Juana Azul claim where hole RG23-005 (5 th well location) is located. Results from these two holes is expected before the end of this year and will be included in our maiden resource estimate to be released in early 2024.
我們的里奧格蘭德項目的勘探鑽探活動按計劃繼續進行。洞 RG23-004 (4) 第四 好吧)位於里奧格蘭德河鹽沼東北部的埃爾卡米諾海域已經進展順利,第二臺鑽機將於本週開始在 Juana Azul 油井鑽探,該油井在 RG23-005 (5) 號洞 第四 位置很好)位於。這兩個洞的結果預計將在今年年底之前公佈,並將包含在我們將於2024年初發布的首次資源估算中。
The Company has also recently acquired 1,562 hectares in and to a mining property (the "Assets") located in Antofagasta de la Sierra, Province of Catamarca, Argentina from an arm's length vendor (the "Vendor") pursuant to a purchase agreement ("Purchase Agreement"). The purchase price for the Assets is USD $300,000 in cash and the issuance of up to 1,350,000 common shares of the Company, or additional cash, which is subject to the "Consideration Calculation" below.
該公司最近還根據購買協議(“購買協議”)從一家獨立供應商(“供應商”)手中收購了位於阿根廷卡塔馬卡省安託法加斯塔德拉謝拉的一處採礦物業(“資產”)的1,562公頃土地。資產的收購價格爲300,000美元現金,最多可發行1350,000股公司普通股或額外現金,具體取決於以下 “對價計算”。
The payment terms for the Assets are as follows:
資產的付款條件如下:
-
On Closing :
- USD $50,000
-
40 days from Closing :
- USD $50,000, and
- USD $100,000 payable in common shares of the Company subject to the Consideration Calculation (to a maximum of 450,000 common shares)
-
80 days from Closing :
- USD $100,000, and
- USD $100,000 payable in common shares of the Company subject to the Consideration Calculation (to a maximum of 450,000 common shares)
-
120 days from Closing :
- USD $100,000, and
- USD $100,000 payable in common shares of the Company subject to the Consideration Calculation (to a maximum of 450,000 common shares)
-
關門時 :
- 50,000 美元
-
收盤後 40 天 :
- 50,000 美元,以及
- 應付的公司普通股爲100,000美元,但須按對價計算(最多45萬股普通股)
-
收盤後 80 天 :
- 100,000 美元,以及
- 應付的公司普通股爲100,000美元,但須按對價計算(最多45萬股普通股)
-
收盤後 120 天 :
- 100,000 美元,以及
- 應付的公司普通股爲100,000美元,但須按對價計算(最多45萬股普通股)
Consideration Calculation : Pursuant to the Purchase Agreement, on the required payment date(s), the Company will issue shares to the Vendor equal to the required payment amount divided by the greater of the following share prices of the Company's shares (i) on the previous days' closing market price of the Company shares as listed and posted on the TSX Venture Exchange, and (ii) CDN $0.30 per common share (the " Minimum Price "), and in the event that the Minimum Price is required to be used, the vendor can elect to receive the required payment amount in cash instead of Company shares, which will set a maximum number of common shares that can be issued, as required by the TSX Venture Exchange regarding agreements with future payments of securities. No finder's fee is payable pursuant to the acquisition of the Assets and the acquisition is subject to TSX Venture Exchange approval.
對價計算 :根據購買協議,在規定的付款日期,公司將向供應商發行股票,其金額等於所需付款額除以以下公司股票的股價(i)前一天在多倫多證券交易所上市和公佈的公司股票的收盤價,以及(ii)每股普通股0.30加元(“最低價格”),以及如果必須使用最低價格,供應商可以選擇以現金而不是公司股票接收所需的付款金額,這將根據多倫多證券交易所風險交易所關於未來證券支付協議的要求,設定可以發行的最大普通股數量。收購資產後無需支付任何發現費,此次收購需獲得多倫多證券交易所風險交易所的批准。
Except as otherwise stated above, all amounts disclosed in this press release are expressed in Canadian dollars.
除非上面另有說明,否則本新聞稿中披露的所有金額均以加元表示。
About NOA Lithium Brines Inc.
關於 NOA Lithium Brines Inc.
NOA is a lithium exploration and development company formed to acquire and develop assets with significant resource potential. All NOA's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations owned by industry leaders. NOA has rapidly consolidated one of the largest lithium brine claim portfolios in this region that is not owned by a producing company, with key positions on three prospective salars (Rio Grande, Arizaro, Salinas Grandes) and a total portfolio of approximately 100,000 hectares.
NOA 是一家鋰勘探和開發公司,旨在收購和開發具有巨大資源潛力的資產。NOA的所有項目都位於阿根廷薩爾塔省多產的鋰三角的中心地帶,靠近行業領導者擁有的衆多項目和業務。NOA迅速整合了該地區最大的非生產公司擁有的鋰鹽水索賠投資組合之一,在三個潛在的鹽水(里奧格蘭德、阿里扎羅、薩利納斯格蘭德斯)上擁有關鍵職位,總投資組合約爲100,000公頃。
On Behalf of the Board of Directors,
我代表董事會,
Gabriel Rubacha
Chief Executive Officer and Director
加布裏埃爾·魯巴查
首席執行官兼董事
For Further Information On The Company
Website:
Email: info@noalithium.com
Telephone: +54-9-11-5060-4709
Alternative Telephone: +1-403-571-8013
欲了解有關該公司的更多信息
網站:
電子郵件:info@noalithium.com
電話:+54-9-11-5060-4709
備用電話:+1-403-571-8013
Cautionary Note Regarding Forward-Looking Statements
關於前瞻性陳述的警示說明
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking statements. Forward-looking statements including, but not limited to NOA's future plans and objectives regarding its projects, which constitute forward looking information that involve various risks and uncertainties. Although NOA believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. NOA does not assume any obligation to update any forward-looking statements except as required under applicable laws.
本新聞稿可能包括受固有風險和不確定性影響的前瞻性陳述。除歷史事實陳述外,本新聞稿中的所有聲明均應視爲前瞻性陳述。前瞻性陳述包括但不限於NOA關於其項目的未來計劃和目標,這些陳述構成了涉及各種風險和不確定性的前瞻性信息。儘管NOA認爲此類前瞻性陳述中表達的預期是基於合理的假設,但此類陳述並不能保證未來的業績,實際業績或發展可能與前瞻性陳述中描述的業績或發展存在重大差異。可能導致實際業績與前瞻性陳述中描述的結果存在重大差異的因素包括市場價格的波動,資本和融資的持續可用性以及總體經濟、市場或商業狀況。無法保證此類陳述會被證明是準確的,因此,建議讀者依靠自己對此類不確定性的評估。除非適用法律要求,否則NOA不承擔任何更新任何前瞻性陳述的義務。
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE: NOA Lithium Brines Inc.
來源:NOA Lithium Brines Inc.