Newpath Announces Closing of Flow-Through Financing
Newpath Announces Closing of Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2023) - Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) ("Newpath" or the "Company") announces, further to its news release on December 20, 2023, it has closed its non-brokered flow-through private placement (the "Offering"). The Company issued 1,045,000 flow-through shares (each a "FT Share" and collectively, the "FT Shares") at a price of $0.115 per FT Share for total gross proceeds of $120,175.
不列顛哥倫比亞省溫哥華--(Newsfile Corp.,2023 年 12 月 29 日)-Newpath Resources Inc.(CSE:PATH)(FSE:0MZ)(場外交易代碼:RDYFF)(”新路徑“或者”公司“) 宣佈,繼2023年12月20日發佈新聞稿後,它已完成其非經紀流通私募股權配售(”提供“)。該公司發行了1,045,000股流通股(每股”英尺 分享“總的來說,”英尺 股份“),每股英尺股價爲0.115美元,總收益爲120,175美元。
All FT Shares issued pursuant to the Offering are subject to a four-month hold expiring April 30, 2024, under applicable securities laws in Canada.
根據加拿大適用的證券法,所有根據本次發行發行的英國《金融時報》股票均須持有四個月的期限,到2024年4月30日到期。
The proceeds raised from the Offering will be used for exploration activities on the Company's Alpha/ Bravo and Northshore projects.
本次發行籌集的收益將用於公司Alpha/Bravo和Northshore項目的勘探活動。
The Company's CEO and director, Alexander McAulay, subscribed for a total of 175,000 FT Shares under the Offering. Mr. McAulay's participation in the Offering is a "related-party transaction", as defined in Multi-Lateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation requirements contained in section 5.5(b) of MI 61-101 and the minority shareholder approval requirements contained in section 5.7(1)(a) of MI 61-101, as the Company is not listed on specified markets and the fair market value of Mr. McAulay's participation in the Offering does not exceed 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering as the closing date of the Offering was not immediately known and the Company wished to close on an expedited basis.
該公司首席執行官兼董事亞歷山大·麥考利在本次發行中共認購了17.5萬股英國《金融時報》股票。根據多邊文書61-101的定義,McAulay先生參與本次發行是 “關聯方交易”- 在特殊交易中保護少數證券持有人(”MI 61-101“)。該公司依賴密歇根州61-101第5.5(b)節中正式估值要求的豁免以及密歇根州61-101第5.7(1)(a)節中包含的少數股東批准要求,因爲該公司未在特定市場上市,而且根據MI 61-101確定,McAulay先生參與本次發行的公允市場價值不超過公司市值的25%。由於本次發行的截止日期尚不清楚,公司在發行結束前至少21天沒有提交關聯方交易的重大變更報告,公司希望儘快完成。
About Newpath Resources Inc.
關於 Newpath 資源公司
Newpath is a Canadian exploration company listed on the Canadian Securities Exchange under the symbol PATH. Newpath's early-stage Orefield critical metal exploration project, which is composed of three claim groups (Alpha/Bravo, Charlie and Delta), totals 3,180 claim units covering approximately 67,448 hectares (approximately 674 square kilometres) west and southwest of Lake Nipigon in Northern Ontario. The company also wholly owns the Northshore gold project located in the Schreiber-Hemlo greenstone belt.
Newpath是一家在加拿大證券交易所上市的加拿大勘探公司,股票代碼爲PATH。Newpath的早期Orefield關鍵金屬勘探項目由三個索賠組(Alpha/Bravo、Charlie和Delta)組成,共有3,180個索賠單元,覆蓋安大略省北部尼皮貢湖以西和西南約67,448公頃(約674平方千米)。該公司還全資擁有位於施雷伯-赫姆洛綠巖帶的北岸黃金項目。
On Behalf of the Company,
我代表公司,
NEWPATH RESOURCES INC.
NEWPATH 資源公司
"Alexander McAulay"
Chief Executive Officer
Email: amcaulay@newpathresource.com
CEO Direct Line: +1 (604) 365-0425
“亞歷山大·麥考利”
首席執行官
電子郵件:amcaulay@newpathresource.com
首席執行官直線電話:+1 (604) 365-0425
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
加拿大證券交易所及其監管服務提供商(該術語在CSE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。
Cautionary Statement Regarding Forward-Looking Information
關於前瞻性信息的警示聲明
This news release may contain certain "forward-looking information". Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as "aim", "aims to", "may", "would", "could", "will", "will be" "likely", "expected", "anticipated", "proposed", "believe", "intend", "intent", "looking", "plan", "forecast", "project", "estimate", "outlook", "hope". Forward-looking information included in this news release includes, but is not limited to, statements with respect to the use of proceeds from the Offering. Forward-looking information is based upon the assumptions and estimates considered reasonable by management of the Company as of the date such statements are made. Forward-looking information involves known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Risks that may cause the forward-looking information contained herein to be materially different from the future results, performance or achievements expressed or implied by the forward-looking information contained herein include, but are not limited to, the receipt of all necessary regulatory and shareholder approvals if required, key personnel and qualified employees continuing their involvement with the Company, the competitive conditions of the industries in which the Company operates, the availability of material projects, capital expenditures and other costs, repayment of debt, financing and additional capital requirements. As a result, readers are cautioned not to place undue reliance on any forward-looking information. Any statement containing forward-looking information speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
本新聞稿可能包含某些 “前瞻性信息”。前瞻性信息可能包括財務和其他預測,以及有關未來計劃、目標或經濟表現的陳述,或上述任何假設所依據的假設。在某些情況下,前瞻性陳述可以通過 “目標”、“目標”、“可能”、“可能”、“將”、“可能”、“可能”、“預期”、“預期”、“提議”、“相信”、“打算”、“意圖”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望”、“展望希望”。本新聞稿中包含的前瞻性信息包括但不限於有關本次發行所得款項使用情況的聲明。前瞻性信息基於截至發表此類陳述之日公司管理層認爲合理的假設和估計。前瞻性信息涉及已知和未知的風險、不確定性、假設和其他因素,這些因素可能導致公司的實際業績、業績或成就與前瞻性信息所表達或暗示的任何未來業績、業績或成就存在重大差異。可能導致此處包含的前瞻性信息與本文所含前瞻性信息所表達或暗示的未來業績、業績或成就存在重大差異的風險包括但不限於在必要時獲得所有必要的監管和股東批准、關鍵人員和合格員工繼續參與本公司、公司運營行業的競爭條件、重大項目的可用性、資本支出及其他成本, 償還債務, 融資和額外資本要求.因此,提醒讀者不要過分依賴任何前瞻性信息。任何包含前瞻性信息的陳述僅代表截至本新聞稿發佈之日,除非適用的證券法另有要求,否則公司不承擔更新任何前瞻性信息的意圖或義務,無論是由於新信息、未來事件或業績還是其他原因。
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