Bolt Metals Announces New Agreement for Conditional Sale of Cyclops Project
Bolt Metals Announces New Agreement for Conditional Sale of Cyclops Project
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Bolt Metals Corp. (CSE: BOLT) (FSE: A2QEUB) (OTCQB: PCRCF) ("Bolt" or the "Company") is pleased to announce it has entered into a new conditional share sale and purchase agreement (the "Agreement"), pursuant to which Nickel Industries Limited (previously Nickel Mines Limited) (ASX: NIC) ("NIL") has agreed to acquire 100% of the Company's interest in the Cyclops nickel-cobalt project (the "Transaction").
不列顛哥倫比亞省溫哥華-(Newsfile Corp.-2023年4月26日)-Bolt Metals Corp.(CSE:BOLT)(FSE:A2QEUB)(OTCQB:PCRCF)(“螺栓“或”公司“)欣然宣佈已訂立新的有條件股份買賣協定(”協定),據此,鎳業有限公司(前鎳礦有限公司)(澳大利亞證券交易所股票代碼:NIC)(無“)已同意收購本公司在獨眼巨人鎳鈷專案中的100%權益(”交易記錄“)。
The Company and NIL had in December 2021 entered a similar agreement which did not close within its agreed timelines due to the decision by the Indonesian Government to revoke the mining permit ("IUP") for the Cyclops Project.
本公司與NIL曾於2021年12月達成一項類似協定,但由於印尼政府決定撤銷採礦許可證,該協定未能在商定的時間內完成。宮內節育器“)用於獨眼巨人專案。
Subject to approval of the Transaction by the shareholders of Bolt, Bolt and its subsidiaries will receive net cash payments in the aggregate amount of US$6,500,000 in exchange for a 100% interest in the Cyclops project, a 5,000 hectare nickel-cobalt project located in Papua province, Indonesia (the "Cyclops Project"). If the shareholders of the Company do not approve the Transaction, NIL will have the right to acquire a 45% interest in the Cyclops Project for total net consideration of US$500,000 and additional consideration of US$980,000 to underlying Cyclops Project owners, PT Best Resources ("PT Best").
待博爾特公司股東批准交易後,博爾特公司及其子公司將獲得總計6,500,000美元的淨現金支付,以換取位於印度尼西亞巴布亞省的獨眼巨人專案的100%權益。獨眼巨人專案是一個佔地5000公頃的鎳鈷專案。獨眼巨人專案如果公司股東不批准交易,零將有權以500,000美元的總淨代價收購獨眼巨人專案45%的權益,並向相關獨眼巨人專案所有者PT Best Resources()額外支付98,000美元。PT Best“)。
Completion of the Transaction is subject to customary due diligence, regulatory and shareholder approval and the successful reinstatement and extension of the IUP for the Cyclops Project. A finder's fee is payable in connection with the Transaction.
交易的完成取決於慣例的盡職調查、監管和股東批准,以及成功恢復和延長獨眼巨人專案的IUP。與這筆交易相關的發現者費用是要支付的。
Key Transaction Details
關鍵交易明細
Pursuant to the Agreement and subject to Bolt shareholder approval of the Transaction, NIL will acquire a 100% interest in the Cyclops Project in consideration for the payment of an aggregate of US$7,000,000 in cash, payable as follows:
根據該協定,如果博爾特股東批准交易,零將獲得獨眼巨人專案100%的權益,代價是支付總計7,000,000美元的現金,支付如下:
- US$2,500,000 (inclusive of the initial US$500,000 deposit paid to Bolt in December 2021) payable to Cobalt Power (Asia) Limited, an indirect wholly-owned subsidiary of Bolt ("CPA") on the later of ten (10) business days after the date on which the Bolt provides to NIL evidence, satisfactory to NIL in its absolute discretion of both the IUP Reinstatement and the IUP Extension; and
- 向博爾特的間接全資附屬公司Cobalt Power(Asia)Limited支付2,500,000美元(包括2021年12月支付給博爾特的首期500,000美元保證金)。註冊會計師“)在Bolt在恢復IUP和延長IUP的絕對酌情決定權中沒有提供令人滿意的證據的日期後十(10)個工作日中較晚的一個工作日;以及
- US$4,500,000 on the earlier of; (i) the second anniversary of the IUP Extension; and (ii) ten (10) business days after the date on which the first commercial shipment of nickel ore from the Cyclops Project is sent to a smelter or leach plant for processing.
- 4,500,000美元,以較早者為準;(I)IUP延長兩週年;及(Ii)獨眼巨人專案的第一批商業鎳礦石運往冶煉廠或浸出廠加工之日後十(10)個營業日。
In the event Bolt does not obtain shareholder approval for the Transaction, NIL has the right to acquire a 45% interest in the Cyclops Project by paying US$500,000 to CPA in exchange for CPA cancelling its option to acquire an additional 35% interest in the Cyclops Project and paying US$980,000 to PT Best to acquire their 35% interest in the Cyclops Project, following which NIL and Bolt will proceed as partners in developing the Cyclops Project with NIL holding a 45% interest and Bolt holding the remaining 55% interest in the project. NIL may also elect to terminate the Agreement and receive a cash payment of US$250,000 if Bolt does not obtain shareholder approval for the Transaction.
倘若Bolt未能就交易取得股東批准,Nil有權透過向CPA支付500,000美元以換取CPA取消其收購獨眼巨人專案額外35%權益的選擇權及向PT Best支付980,000美元以收購彼等於獨眼巨人專案35%的權益,從而取得獨眼巨人專案45%的權益,之後Nil及Bolt將繼續作為合作夥伴發展獨眼巨人專案,Nil持有45%權益,Bolt持有該專案剩餘55%權益。如果Bolt未能獲得股東對交易的批准,NIL也可能選擇終止協定並獲得250,000美元的現金付款。
In connection with the Transaction, PT Best, has through a conditional share purchase agreement, granted CPA the exclusive right to acquire its 35% indirect interest in the Cyclops Project. Subject to various conditions, CPA will make cash payment(s) of US$980,000 to PT Best upon receipt of certain minimum payments from NIL in connection with Transaction.
在這筆交易中,PT Best通過一項有條件的股票購買協定,授予CPA獨家權利,獲得其在獨眼巨人專案中35%的間接權益。根據各種條件,註冊會計師將在收到與交易相關的來自零的某些最低付款後,向PT Best支付980,000美元的現金。
About Nickel Industries Limited
關於鎳業有限公司
NIL Limited (ASX: NIC) is a globally significant, low-cost producer of nickel pig iron, a key ingredient in the production of stainless steel, with principal operations in Central Sulawesi, Indonesia. NIL holds an 80% interest in the Hengjaya Nickel and Ranger Nickel rotary kiln electric furnace projects, located within the Indonesia Morowali Industrial Park ("IMIP"), and the Hengjaya mine, a large tonnage high grade nickel laterite deposit located close to the IMIP.
NIL有限公司(澳大利亞證券交易所代碼:NIC)是一傢俱有全球影響力的低成本鎳生鐵生產商,鎳生鐵是生產不鏽鋼的關鍵原料,主要業務設在印度尼西亞的中秀克拉威西。Nil在位於印度尼西亞Morowali工業園內的Hengjaya鎳和Ranger鎳迴轉窯電爐專案中持有80%的權益。IMIP“),以及位於IMIP附近的大噸位高品位紅土鎳礦--橫家崖礦。
About Bolt Metals
關於螺栓金屬
Bolt Metals is a Canadian‐based exploration company focused on the acquisition and development of production grade nickel and cobalt deposits, key raw material inputs for the growing lithium‐ion battery industry. Visit to find out more.
Bolt Metals是一家總部位於加拿大的勘探公司,專注於收購和開發生產級鎳和鈷礦藏,這是不斷增長的鋰離子電池行業的關鍵原材料投入。訪問以瞭解更多資訊。
Bolt Metals Corp.
博爾特金屬公司
Ranjeet Sundher - President and CEO
(604) 922‐8272
rsundher@boltmetals.com
蘭吉特·桑德爾-總裁和首席執行官
(604)922-8272
郵箱:rsundher@boltmetals.com
Steve Vanry - CFO & Director
(604) 922‐8272
steve@vanrycap.com
史蒂夫·萬瑞--首席財務官兼董事
(604)922-8272
郵箱:steve@vanrycap.com
Reader Advisory
讀者建議
This news release may contain statements which constitute "forward‐looking information", including statements regarding the timing and terms of the Transaction, satisfaction or waiver of closing conditions to the Transaction, receipt of regulatory and shareholder approval for the Transaction and the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "potential", "should", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward‐looking statements. Investors are cautioned that any such forward‐looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward‐looking statements as a result of various factors, including, but not limited to, the receipt of all approvals and satisfaction of all conditions to the completion of the Transaction, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
本新聞稿可能包含構成“前瞻性資訊”的陳述,包括有關交易的時間和條款、交易完成條件的滿足或放棄、交易獲得監管和股東批准的陳述,以及公司、其董事或高級管理人員對公司未來業務活動的計劃、意圖、信念和目前的期望。“可能”、“潛在”、“應該”、“可能”、“可能”、“將”、“打算”、“計劃”、“預期”、“相信”、“估計”、“預期”以及類似的表述與公司或其管理層有關,旨在識別此類前瞻性陳述。請投資者注意,任何這樣的前瞻性陳述都不是對未來業務活動的保證,涉及風險和不確定因素,公司未來的業務活動可能會由於各種因素而與前瞻性陳述中的內容大不相同,這些因素包括但不限於交易完成後獲得所有批准和滿足所有條件、市場價格的波動、公司經營的成功、資本和融資的持續可獲得性以及總體經濟、市場或商業狀況。不能保證這樣的資訊將被證明是準確的,因此,建議讀者依靠自己對這種不確定性的評估。除適用的證券法要求外,公司不承擔任何更新任何前瞻性資訊的義務。
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
加拿大證券交易所和加拿大投資行業監管組織均不對本新聞稿的充分性或準確性承擔責任。
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