BMEX Announces Name Change to Route 109 Resources Inc.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) has announced a name change to Route 109 Resources Inc., effective October 4, 2024. The company's trading symbol will change from 'BMEX' to 'RTE' on the Effective Date, with new CUSIP and ISIN numbers. This change does not affect shareholders' rights, and no action is required from shareholders. Issued securities will remain valid without the need for exchange.
The company also disclosed that an insider acquired 170,000 units in a recent private placement, constituting a related party transaction. BMEX relied on exemptions from valuation and shareholder approval requirements as per Multilateral Instrument 61-101.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) ha annunciato un cambio di nome in Route 109 Resources Inc., con effetto dal 4 ottobre 2024. Il simbolo di negoziazione della società cambierà da 'BMEX' a 'RTE'
La società ha anche rivelato che un insider ha acquisito 170.000 unità in un recente collocamento privato, costituendo una transazione con parti correlate. BMEX ha fatto affidamento su esenzioni dai requisiti di valutazione e approvazione degli azionisti secondo il Multilateral Instrument 61-101.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) ha anunciado un cambio de nombre a Route 109 Resources Inc., efectivo a partir del 4 de octubre de 2024. El símbolo de negociación de la empresa cambiará de 'BMEX' a 'RTE' en la fecha de efectividad, con nuevos números CUSIP e ISIN. Este cambio no afecta los derechos de los accionistas y no se requiere ninguna acción por parte de ellos. Los valores emitidos seguirán siendo válidos sin la necesidad de intercambio.
La empresa también reveló que un insider adquirió 170,000 unidades en una reciente colocación privada, constituyendo una transacción entre partes relacionadas. BMEX se basó en exenciones de los requisitos de valoración y aprobación de accionistas según el Instrumento Multilateral 61-101.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00)가 Route 109 Resources Inc.로 이름을 변경한다고 발표했습니다. 이는 2024년 10월 4일부터 효력이 발생합니다. 회사의 거래 기호는 효력 발생일에 'BMEX'에서 'RTE'로 변경되며, 새로운 CUSIP 및 ISIN 번호가 부여됩니다. 이 변경은 주주의 권리에 영향을 미치지 않으며, 주주들이 아무런 조치를 취할 필요는 없습니다. 발행된 증권은 교환 없이도 유효합니다.
회사 측은 또한 최근의 사모배급에서 한 내부자가 170,000 유닛을 인수했으며, 이는 관련 당사자 거래로 간주된다고 밝혔습니다. BMEX는 다자간 기구 61-101에 따른 평가 및 주주 승인 요구 사항에서 면제를 받았습니다.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) a annoncé un changement de nom en Route 109 Resources Inc., effectif à partir du 4 octobre 2024. Le symbole de négociation de l'entreprise changera de 'BMEX' à 'RTE' à la date d'entrée en vigueur, avec de nouveaux numéros CUSIP et ISIN. Ce changement n'affecte pas les droits des actionnaires et aucune action n'est requise de leur part. Les titres émis demeureront valables sans échange.
L'entreprise a également révélé qu'un insider avait acquis 170 000 unités lors d'un récent placement privé, constituant une transaction entre parties apparentées. BMEX a invoqué des exemptions concernant les exigences d'évaluation et d'approbation des actionnaires conformément à l'instrument multilatéral 61-101.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) hat eine Namenänderung zu Route 109 Resources Inc. bekannt gegeben, die am 4. Oktober 2024 in Kraft tritt. Das Handelssymbol des Unternehmens wird sich am Wirksamkeitsdatum von 'BMEX' auf 'RTE' ändern, mit neuen CUSIP- und ISIN-Nummern. Diese Änderung hat keine Auswirkungen auf die Rechte der Aktionäre, und es sind keine Maßnahmen der Aktionäre erforderlich. Ausgabe-Pageble bleiben ohne Austausch gültig.
Das Unternehmen gab auch bekannt, dass ein Insider 170.000 Einheiten in einer kürzlichen Privplacement erworben hat, was eine Transaktion mit verbundenen Parteien darstellt. BMEX berief sich auf Ausnahmen von den Bewertungs- und Genehmigungsanforderungen der Aktionäre gemäß dem Multilateralen Instrument 61-101.
- Name change to Route 109 Resources Inc. may indicate a new strategic direction
- Insider participation in recent private placement suggests confidence in the company
- Related party transaction in private placement may raise governance concerns
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) ("BMEX" or the "Company") announces that the Company will change its name to "Route 109 Resources Inc." effective October 4, 2024 (the "Effective Date"). At the opening of the market on the Effective Date, the trading symbol of the Company will change from "BMEX" to "RTE", and the new CUSIP and ISIN numbers of the Company will be 779291103 and CA7792911033, respectively.
The Company's name change does not affect the rights of its shareholders and shareholders will not be required to take any action in connection with the name change of the Company. Issued share certificates, DRS, or any other types of securities (such as warrants, options, RSUs, etc.) will not be affected by the name change of the Company and will not need to be returned or exchanged. The Company encourages shareholders to contact their brokers or agents with any questions or concerns with respect to the name change of the Company.
The Company further advises that in connection with the closing of its recent private placement announced on August 6, 2024, an insider of the Company acquired an aggregate of 170,000 units, and as such a portion of the private placement constituted a related party transaction. The Company relied on the exemptions provided in sections 5.5(b) and 5.7(1)(b) of Multilateral Instrument 61-101 in respect of the valuation and shareholder approval requirements of that instrument.
About BMEX Gold Inc.
BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on its
- King Tut Project consists of 120 contiguous claims on 5,206 hectares
- Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares
BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M00 on the Frankfurt Exchange.
For further information please contact:
BMEX Gold Inc.
Robert Pryde, President
Tel: +1 (403) 478 6042
Email: robert@bmexgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the King Tut and Dunlop Bay properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. 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 expressed or implied by such statements, including but not limited to: risks related to the King Tut and Dunlop Bay projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225244
FAQ
When will BMEX Gold Inc. (TSXV: BMEX) change its name to Route 109 Resources Inc.?
What will be the new trading symbol for Route 109 Resources Inc. (formerly BMEX Gold Inc.)?
Do shareholders need to take any action regarding BMEX Gold Inc.'s name change to Route 109 Resources Inc.?
How many units did an insider acquire in BMEX Gold Inc.'s recent private placement?
