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Coloured Ties Capital (TSXV: TIE) announced that the TSX Venture Exchange has approved the reinstatement of trading for its common shares. Following a previous news release on May 14, 2024, the company confirmed that trading will resume on May 22, 2024. This reinstatement follows regulatory compliance and signifies a positive development for stakeholders.
Coloured Ties Capital (TIE) announces the reinstatement of trading on the TSX Venture Exchange after resolving a ceased trade order issued by the British Columbia Securities Commission on February 2, 2024. The order was due to the company's failure to file its annual audited financial statements for the fiscal year ending September 30, 2023. Trading suspension was lifted on February 12, 2024.
As of April 30, 2024, Quebec Pegmatite Holdings owes Coloured Ties approximately $1,240,288, with $90,000 maturing on August 7, 2024, and the remaining amount on December 31, 2024, accruing interest at 4% per annum. Additionally, Coloured Ties has a margin credit facility valued at the lower of 30% of shares held in Patriot Battery Metals or $5,000, with an interest rate of prime plus 3%. This facility is collateralized by all cash and securities in the company's accounts at the Creditor.
Coloured Ties Capital Inc. (TSXV: TIE) announces loan agreements with Flowing Lithium Exploration Inc. and Canuck Lithium Corp., detailing terms, repayment, related party transactions, and exemption information under MI 61-101. The loans were repaid in full, and the Company is working to return to trading on the TSX Venture Exchange.
