Carlyle Announces Issuance of Shares for Debt
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) has announced a debt settlement through the issuance of shares. The company will issue 3,806,920 common shares at a deemed price of $0.05 per share to settle a total debt of $190,346. This debt is owed to certain directors and consultants for unpaid services. The transaction includes a related party component involving company insiders, which is exempt from valuation and minority shareholder approval requirements under MI 61-101. All shares issued will be subject to a four-month and one-day statutory hold period.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) ha annunciato un accordo per il pagamento del debito tramite l'emissione di azioni. L'azienda emetterà 3.806.920 azioni ordinarie a un prezzo ritenuto di $0,05 per azione per un totale di un debito di $190.346. Questo debito è dovuto a determinati amministratori e consulenti per servizi non pagati. La transazione include un componente con parti correlate che coinvolge i membri interni dell'azienda, che è esente dai requisiti di valutazione e di approvazione da parte degli azionisti di minoranza ai sensi del MI 61-101. Tutte le azioni emesse saranno soggette a un periodo di blocco legale di quattro mesi e un giorno.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) ha anunciado un a través de la emisión de acciones. La compañía emitirá 3,806,920 acciones comunes a un precio considerado de $0.05 por acción para liquidar una deuda total de $190,346. Esta deuda se debe a ciertos directores y consultores por servicios no pagados. La transacción incluye un componente de partes relacionadas que involucra a personas cercanas a la empresa, que está exenta de los requisitos de valoración y aprobación de accionistas minoritarios bajo el MI 61-101. Todas las acciones emitidas estarán sujetas a un período de retención legal de cuatro meses y un día.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF)가 부채 상환을 위한 주식 발행을 발표했습니다. 회사는 총 3,806,920주의 보통주를 주당 $0.05의 공정 가격으로 발행하여 총 $190,346의 부채를 상환할 것입니다. 이 부채는 일부 이사 및 컨설턴트에게 미지급된 서비스에 대해 발생한 것입니다. 이 거래에는 회사 내부자의 관계자 거래 구성 요소가 포함되어 있으며, 이는 MI 61-101에 따라 평가 및 소액주주 승인 요건에서 면제됩니다. 발행된 모든 주식은 4개월 1일의 법적 보유 기간의 적용을 받습니다.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) a annoncé un règlement de dette par l'émission d'actions. La société émettra 3 806 920 actions ordinaires à un prix jugé de 0,05 $ par action pour régler une dette totale de 190 346 $. Cette dette est due à certains administrateurs et consultants pour des services non rémunérés. La transaction comprend un composant entre parties liées impliquant des initiés de l'entreprise, qui est exonéré des exigences d'évaluation et d'approbation des actionnaires minoritaires en vertu du MI 61-101. Toutes les actions émises seront soumises à un arrêt statutaire de quatre mois et un jour.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) hat eine Schuldentlastung durch die Ausgabe von Aktien bekannt gegeben. Das Unternehmen wird 3.806.920 Stammaktien zu einem angenommenen Preis von 0,05 $ pro Aktie ausgeben, um eine Gesamtschuld von 190.346 $ zu begleichen. Diese Schuld ist an bestimmte Direktoren und Berater für nicht bezahlte Dienstleistungen geschuldet. Die Transaktion umfasst ein Verhältnis von nahestehenden Parteien, das Unternehmensinsider betrifft und von den Anforderungen an die Bewertung und die Genehmigung der Minderheitsaktionäre gemäß MI 61-101 ausgenommen ist. Alle ausgegebenen Aktien unterliegen einem gesetzlichen Halt von vier Monaten und einem Tag.
- Reduction of $190,346 in outstanding debt
- Preservation of cash through share issuance instead of cash payment
- Dilution of existing shareholders' ownership due to issuance of 3,806,920 new shares
- Related party transaction involving company insiders
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF) ("Carlyle" or the "Company") announces that it has agreed to issue an aggregate of 3,806,920 common shares (each, a "Share") at a deemed price of
Accordingly, the portion of the Debt Settlement with the Insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance of the Shares to the Insiders is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's Shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) as the value of the Shares being issued under the Debt Settlement do not exceed
All securities issued in connection with the Debt Settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45‐102 - Resale of Securities.
About Carlyle
Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns
ON BEHALF OF THE BOARD OF DIRECTORS OF
CARLYLE COMMODITIES CORP.
"Morgan Good"
Morgan Good
Chief Executive Officer
For more information regarding this news release, please contact:
Morgan Good, CEO and Director
T: 604-715-4751
E: morgan@carlylecommodities.com
W: www.carlylecommodities.com
Neither the CSE 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).
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the completion of the Debt Settlement.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will complete the Debt Settlement as anticipated.
These forward‐looking statements involve numerous risks, uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not complete the Debt Settlement as anticipated; the risk that the debtholders propose unfavourable changes to the Debt Settlement terms; the risk that the Canadian Securities Exchange opposes the Debt Settlement; and other risks outside of the Company's control.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222330
FAQ
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