Indigo Obtains Approval for Loans
Indigo Exploration has received TSX Venture Exchange approval for loans totaling $170,000, as announced on October 25, 2024. The loans come with a 10% annual interest rate and a one-year term. The company will use the funds for exploration work on its Hot Property uranium project in Wyoming's Shirley Basin and for working capital. The company issued 680,000 bonus shares to lenders at $0.05 per share, with a hold period until March 14, 2025. Two company directors each provided $10,000 loans, constituting related party transactions under MI 61-101, with exemptions from formal valuation and minority shareholder approval requirements.
Indigo Exploration ha ricevuto l'approvazione della TSX Venture Exchange per prestiti totali di $170.000, come annunciato il 25 ottobre 2024. I prestiti hanno un tasso d'interesse annuo del 10% e una durata di un anno. La società utilizzerà i fondi per lavori di esplorazione sul suo progetto uranium Hot Property nel Shirley Basin del Wyoming e per il capitale circolante. L'azienda ha emesso 680.000 azioni bonus ai finanziatori a $0,05 per azione, con un periodo di blocco fino al 14 marzo 2025. Due direttori della società hanno fornito prestiti di $10.000 ciascuno, costituendo transazioni tra parti correlate ai sensi della MI 61-101, con esenzioni da valutazioni formali e requisiti di approvazione degli azionisti di minoranza.
Indigo Exploration ha recibido la aprobación de la TSX Venture Exchange para préstamos por un total de $170,000, como se anunció el 25 de octubre de 2024. Los préstamos tienen una tasa de interés anual del 10% y un plazo de un año. La compañía utilizará los fondos para trabajos de exploración en su proyecto de uranio Hot Property en la cuenca de Shirley en Wyoming y para capital operativo. La empresa emitió 680,000 acciones bonus a los prestamistas a $0.05 por acción, con un período de retención hasta el 14 de marzo de 2025. Dos directores de la empresa proporcionaron préstamos de $10,000 cada uno, constituyendo transacciones entre partes relacionadas bajo la MI 61-101, con exenciones de evaluación formal y requisitos de aprobación de accionistas minoritarios.
인디고 탐사는 2024년 10월 25일 발표된 바와 같이 총 $170,000의 대출에 대해 TSX 벤처 거래소의 승인을 받았습니다. 대출은 연 10%의 이자율과 1년의 기간이 적용됩니다. 이 회사는 자금으로 와이오밍의 셜리 분지에 있는 핫 프로퍼티 우라늄 프로젝트 탐사 작업과 운영 자본을 사용할 예정입니다. 이 회사는 680,000개의 보너스 주식을 대출자에게 주당 $0.05에 발행하며, 2025년 3월 14일까지의 보유 기간이 있습니다. 두 명의 회사 이사 각각이 $10,000의 대출을 제공했으며, 이는 MI 61-101에 따라 관련 당사자 거래로 간주되며, 공식 평가 및 소액주주 승인 요건에서 면제됩니다.
Indigo Exploration a reçu l'approbation de la TSX Venture Exchange pour des prêts totalisant $170,000, comme annoncé le 25 octobre 2024. Les prêts sont assortis d'un taux d'intérêt annuel de 10 % et d'une durée d'un an. La société utilisera les fonds pour des travaux d'exploration sur son projet d'uranium Hot Property dans le bassin de Shirley au Wyoming et pour le fonds de roulement. La société a émis 680,000 actions bonus aux prêteurs à 0,05 $ par action, avec une période de blocage jusqu'au 14 mars 2025. Deux administrateurs de l'entreprise ont chacun accordé un prêt de 10 000 $, constituant des transactions entre parties liées au sens de la MI 61-101, avec des exemptions d’évaluation formelle et des exigences d’approbation des actionnaires minoritaires.
Indigo Exploration hat die Genehmigung der TSX Venture Exchange für Kredite in Höhe von insgesamt $170.000 erhalten, wie am 25. Oktober 2024 bekannt gegeben wurde. Die Kredite haben einen jährlichen Zinssatz von 10% und eine Laufzeit von einem Jahr. Das Unternehmen wird die Mittel für Erkundungsarbeiten an seinem Hot Property-Uranprojekt im Shirley Basin in Wyoming und für Betriebskapital verwenden. Das Unternehmen hat 680.000 Bonusaktien an die Kreditgeber zu einem Preis von $0,05 pro Aktie ausgegeben, mit einer Haltefrist bis zum 14. März 2025. Zwei Direktoren des Unternehmens haben jeweils Kredite in Höhe von $10.000 gewährt, was unter MI 61-101 als Transaktionen unter nahestehenden Personen gilt, mit Ausnahmen von formellen Bewertungen und Genehmigungsanforderungen für Minderheitsaktionäre.
- Secured $170,000 in financing for exploration and working capital
- Obtained TSX Venture Exchange approval for the loans
- High interest rate of 10% on loans
- Share dilution through issuance of 680,000 bonus shares
- Related party transactions with directors providing loans
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Indigo Exploration Inc. (TSXV: IXI) (OTCQB: IXIXF) (FSE: INEN) (the "Company") is pleased to announce that the TSX Venture Exchange has approved loans to the Company in the aggregate amount of
The Company issued an aggregate of 680,000 bonus shares to the lenders at a deemed price of
Two of the lenders are directors of the Company and have provided loans of
On Behalf of the Board of Directors,
"Paul Cowley", President and CEO
For further information, please contact: Paul Cowley: (604) 340-7711 Website: www.indigoexploration.com
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. The forward-looking statements contained in this press release are made as of the date hereof.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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/230048
FAQ
What is the amount and terms of the loans approved for Indigo Exploration (IXIXF)?
How many bonus shares did Indigo Exploration (IXIXF) issue to lenders?
What will Indigo Exploration (IXIXF) use the loan proceeds for?
