Carlyle Issues Shares for Debt
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) has announced the issuance of 795,000 common shares at a deemed price of $0.05 per share to settle a debt of $39,750. This share issuance is part of a Debt Settlement to pay for unpaid services owed by the company to a director and a consultant.
The transaction with the director is considered a 'related party transaction' under Multilateral Instrument 61-101. However, it is exempt from valuation and minority shareholder approval requirements due to the company's shares not being listed on a specified market and the value of shares issued not exceeding 25% of the company's market capitalization.
All securities issued in the Debt Settlement will be subject to a statutory hold period of four months and one day after issuance, as per National Instrument 45-102.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) ha annunciato l'emissione di 795.000 azioni ordinarie a un prezzo presunto di 0,05 $ per azione per saldare un debito di 39.750 $. Questa emissione di azioni fa parte di un Accordo di Liquidazione del Debito per pagare i servizi non saldati dovuti dalla società a un direttore e a un consulente.
La transazione con il direttore è considerata una 'transazione con parti correlate' ai sensi dello Strumento Multilaterale 61-101. Tuttavia, è esente dai requisiti di valutazione e approvazione degli azionisti di minoranza poiché le azioni della società non sono quotate in un mercato specifico e il valore delle azioni emesse non supera il 25% della capitalizzazione di mercato della società.
Tutti i titoli emessi nell'ambito dell'Accordo di Liquidazione del Debito saranno soggetti a un periodo di blocco statutario di quattro mesi e un giorno dopo l'emissione, secondo lo Strumento Nazionale 45-102.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) ha anunciado la emisión de 795,000 acciones ordinarias a un precio supuesto de $0.05 por acción para saldar una deuda de $39,750. Esta emisión de acciones forma parte de un Acuerdo de Liquidación de Deuda para pagar por servicios no remunerados adeudados por la empresa a un director y a un consultor.
La transacción con el director se considera una 'transacción con partes relacionadas' bajo el Instrumento Multilateral 61-101. Sin embargo, está exenta de los requisitos de valoración y aprobación de los accionistas minoritarios debido a que las acciones de la empresa no están cotizadas en un mercado específico y el valor de las acciones emitidas no excede el 25% de la capitalización de mercado de la empresa.
Todos los valores emitidos en el Acuerdo de Liquidación de Deuda estarán sujetos a un período de retención estatutario de cuatro meses y un día después de la emisión, según el Instrumento Nacional 45-102.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF)는 795,000주 보통주를 주당 $0.05의 가정 가격으로 발행하여 $39,750의 부채를 정산한다고 발표했습니다. 이번 주식 발행은 회사가 이사와 컨설턴트에게 지급해야 할 미지급 서비스에 대한 부채 정산의 일환입니다.
이사와의 거래는 다자간 기구 61-101에 따라 '관계자 거래'로 간주됩니다. 그러나 회사의 주식이 특정 시장에 상장되지 않고 발행된 주식의 가치가 회사의 시가 총액의 25%를 초과하지 않기 때문에 평가 및 소액 주주 승인 요구 사항에서 면제됩니다.
부채 정산에서 발행된 모든 증권은 국가 기구 45-102에 따라 발행 후 4개월 및 1일의 법적 보유 기간을 적용받습니다.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) a annoncé l'émission de 795 000 actions ordinaires à un prix présumé de 0,05 $ par action pour régler une dette de 39 750 $. Cette émission d'actions fait partie d'un Accord de Règlement de Dette pour payer des services non réglés dus par la société à un directeur et un consultant.
La transaction avec le directeur est considérée comme une 'transaction entre parties liées' au sens de l'instrument multilatéral 61-101. Cependant, elle est exemptée des exigences d'évaluation et d'approbation des actionnaires minoritaires car les actions de l'entreprise ne sont pas cotées sur un marché spécifique et la valeur des actions émises ne dépasse pas 25 % de la capitalisation boursière de l'entreprise.
Tous les titres émis dans le cadre de l'Accord de Règlement de Dette seront soumis à une période de blocage statutaire de quatre mois et un jour après l'émission, conformément à l'instrument national 45-102.
Carlyle Commodities Corp. (CSE: CCC, FSE: BJ4, OTC Pink: CCCFF) hat die Emission von 795.000 Stammaktien zu einem angenommene Preis von 0,05 $ pro Aktie bekannt gegeben, um eine Schuld von 39.750 $ zu begleichen. Diese Aktienemission ist Teil einer Schuldenregelung zur Bezahlung von unbezahlten Dienstleistungen, die der Gesellschaft von einem Direktor und einem Berater geschuldet werden.
Die Transaktion mit dem Direktor wird als 'Transaktion mit nahestehenden Personen' gemäß dem Multilateral Instrument 61-101 betrachtet. Sie ist jedoch von den Bewertungen und Genehmigungsanforderungen für Minderheitsaktionäre befreit, da die Aktien des Unternehmens nicht an einem bestimmten Markt notiert sind und der Wert der emittierten Aktien 25% der Marktkapitalisierung des Unternehmens nicht überschreitet.
Alle im Rahmen der Schuldenregelung emittierten Wertpapiere unterliegen gemäß dem National Instrument 45-102 einer gesetzlichen Haltedauer von vier Monaten und einem Tag nach der Emission.
- Reduction of $39,750 in company debt through share issuance
- Preservation of cash resources by settling debt with shares
- Dilution of existing shareholders' ownership due to new share issuance
- Related party transaction with a company director
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF) ("Carlyle" or the "Company") announces that, further to its news release dated September 12, 2024, it has issued 795,000 common shares (each, a "Share") at a deemed price of
Accordingly, the portion of the Debt Settlement with the Insider 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/223888
FAQ
How many shares did Carlyle Commodities Corp (CCCFF) issue for debt settlement on September 19, 2024?
What was the deemed price per share for Carlyle Commodities Corp's (CCCFF) debt settlement?
What was the total debt amount settled by Carlyle Commodities Corp (CCCFF) through share issuance?
How long is the statutory hold period for the shares issued by Carlyle Commodities Corp (CCCFF) in this debt settlement?
