Advanced Gold Exploration Announces Private Placement of Convertible Debentures
Advanced Gold Exploration Inc. (CSE: AUEX) has announced a non-brokered private placement of 100 unsecured convertible debentures at $1,000 each, aiming to raise $100,000 for general working capital. The debentures will mature in three years with a 3% annual interest rate, payable in cash or shares. Holders can convert the principal into units at $0.10 per unit, each comprising one common share and one warrant. Warrants allow purchasing one common share at $0.15 within three years.
The securities are subject to a four-month hold period. The offering awaits final approval from the Canadian Securities Exchange. Additionally, the company announced changes in management: Radovan Danilovsky resigned as Corporate Secretary but remains a director and CFO, while Carly Burk, an experienced corporate and securities lawyer, has been appointed as the new Corporate Secretary.
Advanced Gold Exploration Inc. (CSE: AUEX) ha annunciato un collocamento privato non mediato di 100 obbligazioni convertibili non garantite al prezzo di 1.000 dollari ciascuna, con l'obiettivo di raccogliere 100.000 dollari per il capitale di funzionamento generale. Le obbligazioni scadranno tra tre anni con un tasso d'interesse annuo del 3%, pagabile in contante o azioni. I possessori possono convertire il capitale in unità a 0,10 dollari per unità, ciascuna composta da un'azione ordinaria e un warrant. I warrant consentono di acquistare un'azione ordinaria a 0,15 dollari entro tre anni.
I titoli sono soggetti a un periodo di blocco di quattro mesi. L'offerta è in attesa dell'approvazione finale dalla Borsa canadese. Inoltre, la società ha annunciato cambiamenti nella gestione: Radovan Danilovsky si è dimesso da Segretario Corporate, ma rimane direttore e CFO, mentre Carly Burk, un'avvocato esperto in diritto societario e titoli, è stata nominata nuovo Segretario Corporate.
Advanced Gold Exploration Inc. (CSE: AUEX) ha anunciado una colocación privada no intermediada de 100 bonos convertibles no garantizados a 1.000 dólares cada uno, con el objetivo de recaudar 100.000 dólares para capital de trabajo general. Los bonos vencerán en tres años con una tasa de interés anual del 3%, pagadero en efectivo o acciones. Los tenedores pueden convertir el principal en unidades a 0,10 dólares por unidad, cada una compuesta por una acción ordinaria y un warrant. Los warrants permiten la compra de una acción ordinaria a 0,15 dólares dentro de tres años.
Los valores están sujetos a un período de retención de cuatro meses. La oferta está a la espera de la aprobación final de la Bolsa de Valores de Canadá. Además, la empresa anunció cambios en la dirección: Radovan Danilovsky renunció como Secretario Corporativo, pero sigue siendo director y CFO, mientras que Carly Burk, una abogada experimentada en derecho corporativo y de valores, ha sido nombrada nueva Secretaria Corporativa.
Advanced Gold Exploration Inc. (CSE: AUEX)는 1,000달러에 해당하는 100개의 무담보 전환 채권을 비중개 방식으로 공모한다고 발표했으며, 총 100,000달러의 운전 자본을 모금할 계획입니다. 채권은 3년 후 만기되며, 연 3%의 이자율이 적용되어 현금 또는 주식으로 지급됩니다. 채권 보유자는 원금을 주당 0.10달러에 단위로 전환할 수 있으며, 각 단위는 하나의 보통주와 하나의 워런트로 구성됩니다. 워런트를 통해 0.15달러에 보통주를 세 해 이내에 구매할 수 있습니다.
이 증권은 4개월의 보유 기간이 적용됩니다. 이번 제안은 캐나다 증권 거래소의 최종 승인을 기다리고 있습니다. 또한 회사는 관리진의 변동을 발표했습니다: Radovan Danilovsky는 기업 비서직에서 사임했지만 이사 및 CFO로 남아 있으며, Carly Burk는 경험이 풍부한 기업 및 증권 변호사로 새로운 기업 비서로 임명되었습니다.
Advanced Gold Exploration Inc. (CSE: AUEX) a annoncé un placement privé non par l'entremise d'un courtier de 100 obligations convertibles non garanties d'une valeur de 1 000 dollars chacune, visant à lever 100 000 dollars pour le fonds de roulement général. Les obligations arriveront à échéance dans trois ans avec un taux d'intérêt annuel de 3%, payable en espèces ou en actions. Les détenteurs peuvent convertir le principal en unités à 0,10 dollar par unité, chaque unité étant composée d'une action ordinaire et d'un bon de souscription. Les bons de souscription permettent d'acheter une action ordinaire à 0,15 dollar dans les trois ans.
Les valeurs mobilières sont soumises à une période de blocage de quatre mois. L'offre attend l'approbation finale de la Bourse canadienne. De plus, la société a annoncé des changements dans sa direction : Radovan Danilovsky a démissionné de son poste de secrétaire général tout en restant directeur et CFO, tandis que Carly Burk, avocate expérimentée en droit des sociétés et des valeurs mobilières, a été nommée nouvelle secrétaire générale.
Advanced Gold Exploration Inc. (CSE: AUEX) hat eine nicht vermittelte Privatplatzierung von 100 unbesicherten wandelbaren Schuldverschreibungen zu je 1.000 Dollar angekündigt, um 100.000 Dollar für allgemeine Betriebskapital zu sammeln. Die Schuldverschreibungen laufen in drei Jahren mit einem jährlichen Zinssatz von 3% aus, zahlbar in bar oder in Aktien. Die Inhaber können das Kapital zu 0,10 Dollar pro Einheit in Einheiten umwandeln, die aus einer Stammaktie und einem Warrant bestehen. Warrants ermöglichen den Kauf einer Stammaktie zu 0,15 Dollar innerhalb von drei Jahren.
Die Wertpapiere unterliegen einer viermonatigen Haltefrist. Das Angebot wartet auf die endgültige Genehmigung der Canadian Securities Exchange. Darüber hinaus gab das Unternehmen Änderungen im Management bekannt: Radovan Danilovsky trat als Corporate Secretary zurück, bleibt jedoch Direktor und CFO, während Carly Burk, eine erfahrene Unternehmens- und Wertpapieranwältin, zur neuen Corporate Secretary ernannt wurde.
- Raising $100,000 for working capital through convertible debentures
- Flexible interest payment options (cash or shares)
- Potential for equity conversion at $0.10 per unit
- Warrant inclusion provides additional investment opportunity
- Dilution risk for existing shareholders if debentures are converted
- Relatively low interest rate of 3% may not attract significant investor interest
- Small offering size of $100,000 may not substantially improve the company's financial position
Toronto, Ontario--(Newsfile Corp. - October 7, 2024) - Advanced Gold Exploration Inc. (CSE: AUEX) (the "Company") is pleased to announce that it intends to complete a non-brokered private placement of 100 unsecured convertible debentures (each, a "Debenture") at a price of
The issuance of the Debentures pursuant to the Offering (and, if applicable, the underlying common shares of the Company ("Common Shares") and Common Share purchase warrants (the "Warrants") comprising the units (the "Units") upon conversion of the Debentures) shall be completed on a private placement and prospectus exempt basis, as applicable, such that the issuances are (or in the case of any underlying Common Shares or Warrants, shall be) exempt from any applicable prospectus and securities registration requirements.
The Debentures will mature three (3) years following the date of issuance (the "Maturity Date") and will bear interest at an interest rate of three percent (
Pursuant to applicable Canadian securities laws, the Debentures as well as any underlying Common Shares or Warrants to be issued upon conversion or exchange of these securities, are subject to a hold period of four months and one day. The Offering remains subject to the final approval of the Canadian Securities Exchange.
In addition, the Company announces that effective October 1, 2024, Mr. Radovan Danilovsky has resigned as the Corporate Secretary of the Company. Mr. Danilovsky will remain as a director and the Chief Financial Officer.
In addition, Ms. Carly Burk has been appointed the Corporate Secretary of the Company. Ms. Burk practices general corporate and securities law for both public and private issuers and advises on a variety of transactions including private placements, public offerings, M&A and continuous disclosure obligations. Ms. Burk holds a Bachelor of Laws from the University of Southampton, a Certificate of Qualification from the Federation of Law Societies and a Bachelor of Arts (Honours) from Carleton University. Ms. Burk serves as an officer and/or director of several public and private entities.
About Advanced Gold Exploration Inc.
Advanced Gold Exploration (Formerly Advance United Holdings Inc.) brings an entirely different approach to the mining industry. We don't mine. Rather, we've acquired a portfolio of undervalued gold properties and are increasing their value through the application of modern technology. We have a growing pipeline of similar properties that we are looking to acquire. We are involved exclusively in the acquisition and advancement of past projects - with no intent to bring them back into production or to mine them ourselves. Our expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but we believe have economic value at today's prices. We fund the re-working historic data and applying modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing the current value. Our purpose is to bring immediate and long-term value to our partners and shareholders while seeking to eliminate exploration risk, so that we can all advance in the shortest possible time frame. For additional information about us, our projects, or to find out how we can assist in the advancement of your project contact our CEO.
Contact Information
James Atkinson, M.Sc., P. Geo.,
CEO Advanced Gold Exploration Inc.
Email: jim@advancedgoldexploration.com
Tel: (647) 278-7502
Forward-Looking Information and Cautionary Statements
This news release may contain "forward-looking information" within the meaning of applicable securities laws relating to the trading of the Company's securities and the focus of the Company's business. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans" and similar expressions. Forward-looking statements in this news release include statements regarding the Company's ability to increase the value of its current and future mineral exploration properties and, in connection therewith, any long-term shareholder value, the Company's ability to mitigate or eliminate exploration risk, and the Company's intention to develop a portfolio of historic gold properties. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Company will continue its business as described above. Readers are encouraged to refer to the Company's annual and quarterly management's discussion and analysis and other periodic filings made by the Company with the Canadian securities regulatory authorities under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225878
FAQ
What is the size and purpose of Advanced Gold Exploration's private placement?
What are the key terms of the convertible debentures offered by Advanced Gold Exploration?
Who has been appointed as the new Corporate Secretary of Advanced Gold Exploration?
What management changes occurred at Advanced Gold Exploration in October 2024?
