Akwaaba Mining Ltd. Announces Private Placement
Akwaaba Mining (TSXV: AML) has announced a non-brokered private placement financing to raise up to $150,000 CAD through the sale of 1,363,636,000 common shares at $0.11 per share. The offering will be available to employees, executives, directors, and consultants under National Instrument 45-106.
CEO and director Allan Green will participate in the financing, constituting a related party transaction under MI 61-101. The company has determined exemptions from formal valuation and minority shareholder approval requirements. The shares will be subject to a four-month and one-day statutory hold period.
Proceeds will fund ongoing exploration at the company's Akorade project in Ghana, working capital, and future acquisitions. The offering completion is subject to TSX Venture Exchange approval.
Akwaaba Mining (TSXV: AML) ha annunciato un finanziamento privato non brokerato per raccogliere fino a 150.000 CAD attraverso la vendita di 1.363.636.000 azioni ordinarie a 0,11 CAD per azione. L'offerta sarà disponibile per dipendenti, dirigenti, amministratori e consulenti ai sensi del National Instrument 45-106.
Il CEO e direttore Allan Green parteciperà al finanziamento, costituendo una transazione con parti correlate ai sensi del MI 61-101. L'azienda ha stabilito esenzioni dai requisiti di valutazione formale e approvazione degli azionisti di minoranza. Le azioni saranno soggette a un periodo di blocco statutario di quattro mesi e un giorno.
I proventi finanzieranno l'esplorazione in corso presso il progetto Akorade in Ghana, il capitale circolante e future acquisizioni. Il completamento dell'offerta è soggetto all'approvazione della TSX Venture Exchange.
Akwaaba Mining (TSXV: AML) ha anunciado un financiamiento privado no intermediado para recaudar hasta $150,000 CAD a través de la venta de 1,363,636,000 acciones comunes a $0.11 por acción. La oferta estará disponible para empleados, ejecutivos, directores y consultores bajo el National Instrument 45-106.
El CEO y director Allan Green participará en el financiamiento, constituyendo una transacción con partes relacionadas bajo el MI 61-101. La empresa ha determinado exenciones de los requisitos de valoración formal y aprobación de los accionistas minoritarios. Las acciones estarán sujetas a un período de retención legal de cuatro meses y un día.
Los ingresos financiarán la exploración en curso en el proyecto Akorade en Ghana, capital de trabajo y futuras adquisiciones. La finalización de la oferta está sujeta a la aprobación de la TSX Venture Exchange.
Akwaaba Mining (TSXV: AML)는 150,000 CAD까지 자금을 모집하기 위해 비중개 사모 배정을 발표했습니다. 이는 주당 0.11 CAD에 1,363,636,000주를 판매하는 것입니다. 이 제안은 직원, 임원, 이사 및 컨설턴트를 위해 National Instrument 45-106에 따라 제공됩니다.
CEO이자 이사인 Allan Green가 자금 조달에 참여하여 MI 61-101에 따른 관련 당사자 거래를 구성합니다. 회사는 공식 평가 및 소수 주주 승인 요건에 대한 면제를 결정했습니다. 주식은 4개월 1일의 법정 보유 기간에 적용됩니다.
수익금은 회사의 가나 아코라데 프로젝트에서 진행 중인 탐사, 운영 자본 및 향후 인수에 자금을 지원합니다. 제안 완료는 TSX Venture Exchange의 승인을 받아야 합니다.
Akwaaba Mining (TSXV: AML) a annoncé un financement par placement privé non intermédiaire pour lever jusqu'à 150 000 CAD par la vente de 1 363 636 000 actions ordinaires à 0,11 CAD par action. L'offre sera disponible pour les employés, les dirigeants, les administrateurs et les consultants conformément à l'instrument national 45-106.
Le PDG et directeur Allan Green participera au financement, constituant une transaction avec des parties liées selon le MI 61-101. L'entreprise a déterminé des exemptions aux exigences d'évaluation formelle et d'approbation des actionnaires minoritaires. Les actions seront soumises à une période de blocage statutaire de quatre mois et un jour.
Les produits financeront l'exploration en cours sur le projet Akorade au Ghana, le fonds de roulement et les futures acquisitions. L'achèvement de l'offre est soumis à l'approbation de la TSX Venture Exchange.
Akwaaba Mining (TSXV: AML) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 150.000 CAD durch den Verkauf von 1.363.636.000 Stammaktien zu einem Preis von 0,11 CAD pro Aktie zu sammeln. Das Angebot wird Mitarbeitern, Führungskräften, Direktoren und Beratern gemäß dem National Instrument 45-106 zur Verfügung stehen.
Der CEO und Direktor Allan Green wird an der Finanzierung teilnehmen, was eine Transaktion mit nahestehenden Personen gemäß MI 61-101 darstellt. Das Unternehmen hat Ausnahmen von den Anforderungen an formelle Bewertungen und die Genehmigung von Minderheitsaktionären festgestellt. Die Aktien unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag.
Die Erlöse werden die laufende Erkundung des Akorade-Projekts in Ghana, das Betriebskapital und zukünftige Akquisitionen finanzieren. Der Abschluss des Angebots steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange.
- Secured additional funding of $150,000 CAD for exploration and operations
- CEO participation demonstrates management confidence
- No new control persons created from the offering
- Small financing amount may indicate growth potential
- Share dilution for existing shareholders
- Related party transaction with CEO participation
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2025) - Akwaaba Mining Ltd. (TSXV: AML) ("Akwaaba" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing comprising the sale of up to 1,363,636,000 common shares ("Shares"), to be sold at
The Offering will be made available to subscribers pursuant to the Employee, Executive Officer, Director and Consultant exemptions under 2.24 of National Instrument 45-106 Prospectus Exemptions.
Certain shares of the proposed Offering will be issued directly or indirectly to Allan Green, CEO and director of the Company, who will participate in the financing. Mr. Green's participation in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has determined that the transaction will be exempt from formal valuation and minority shareholder approval requirements under MI 61-101, relying on exemptions found in sections 5.5(a), 5.5(b), 5.5(c), 5.7(a) and 5.7(b). Mr. Green is an existing control person of the Company and no new control persons will be created as a result of the Offering.
All Shares issued in connection with the Offering will be subject to a statutory hold period of four-months and one day, as well as to any other restrictions imposed by applicable securities regulatory authorities. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange approval.
Proceeds of the Offering will be used to fund the ongoing exploration program at the Company's Akorade project in Ghana, for working capital and for future acquisitions.
On behalf of the Board of Akwaaba Mining Ltd.:
"Iyad Jarbou"
Chief Financial Officer
Tel: 604.362.7685
Email: iyad@akwaaba-mining.com
FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION
Except for statements of historical fact, this news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws. This release may contain statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this release. The Company does not assume the obligation to update any forward-looking statement, except as required by law. For more information on the Company, investors should review the Company's filings that are available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242887
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