Nio Strategic Metals Announces Debt Conversion Agreements
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) has announced plans to enter into shares for debt agreements to settle $495,000 of outstanding debt through the issuance of 11,000,001 common shares at $0.045 per share.
The agreement includes two main components: a debt conversion agreement with Nio-Metals Holdings to convert a $450,000 loan into 10,000,000 shares, and shares for services agreements with four directors and the CFO to settle $45,000 in unpaid services fees into 1,000,001 shares.
Following the debt conversion, Nio-Metals Holdings will own 46,658,211 shares, representing approximately 45.9% of outstanding shares. The transactions are subject to TSX Venture Exchange approval and include a four-month hold period. The company believes these agreements will significantly improve its financial position by eliminating debt from its balance sheets.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) ha annunciato piani per entrare in accordi di scambio azioni per debito per risolvere un debito di $495,000 attraverso l'emissione di 11,000,001 azioni ordinarie a $0.045 per azione.
L'accordo comprende due componenti principali: un accordo di conversione del debito con Nio-Metals Holdings per convertire un prestito di $450,000 in 10,000,000 azioni, e accordi di azioni per servizi con quattro direttori e il CFO per liquidare $45,000 in spese per servizi non pagate in 1,000,001 azioni.
Dopo la conversione del debito, Nio-Metals Holdings possiederà 46,658,211 azioni, rappresentando circa il 45.9% delle azioni in circolazione. Le transazioni sono soggette all'approvazione della TSX Venture Exchange e includono un periodo di blocco di quattro mesi. L'azienda crede che questi accordi miglioreranno significativamente la sua posizione finanziaria eliminando il debito dai suoi bilanci.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) ha anunciado planes para entrar en acuerdos de intercambio de acciones por deuda para liquidar $495,000 de deuda pendiente mediante la emisión de 11,000,001 acciones comunes a $0.045 por acción.
El acuerdo incluye dos componentes principales: un acuerdo de conversión de deuda con Nio-Metals Holdings para convertir un préstamo de $450,000 en 10,000,000 acciones, y acuerdos de acciones por servicios con cuatro directores y el CFO para liquidar $45,000 en honorarios de servicios no pagados en 1,000,001 acciones.
Tras la conversión de la deuda, Nio-Metals Holdings poseerá 46,658,211 acciones, lo que representa aproximadamente el 45.9% de las acciones en circulación. Las transacciones están sujetas a la aprobación de la TSX Venture Exchange e incluyen un período de retención de cuatro meses. La empresa cree que estos acuerdos mejorarán significativamente su posición financiera al eliminar la deuda de sus balances.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF)은 11,000,001주를 주당 $0.045에 발행하여 $495,000의 미지급 부채를 해결하기 위한 주식 교환 계약을 체결할 계획을 발표했습니다.
이 계약에는 두 가지 주요 요소가 포함됩니다: Nio-Metals Holdings와의 부채 전환 계약으로 $450,000의 대출을 10,000,000주로 전환하고, 네 명의 이사 및 CFO와의 서비스 대가로 주식 계약으로 $45,000의 미지급 서비스 수수료를 1,000,001주로 해결하는 것입니다.
부채 전환 후, Nio-Metals Holdings는 46,658,211주를 보유하게 되며, 이는 전체 주식의 약 45.9%에 해당합니다. 이 거래는 TSX Venture Exchange의 승인을 받으며, 4개월의 보유 기간이 포함됩니다. 회사는 이러한 계약이 재무 상태를 크게 개선할 것이라고 믿고 있으며, 대차대조표에서 부채를 제거할 것입니다.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) a annoncé des plans pour entrer dans des accords d'échange d'actions contre dettes pour régler une dette de 495 000 $ par l'émission de 11 000 001 actions ordinaires à 0,045 $ par action.
L'accord comprend deux composants principaux : un accord de conversion de dette avec Nio-Metals Holdings pour convertir un prêt de 450 000 $ en 10 000 000 actions, et des accords d'actions pour services avec quatre directeurs et le CFO pour régler 45 000 $ de frais de services impayés en 1 000 001 actions.
Après la conversion de la dette, Nio-Metals Holdings possédera 46 658 211 actions, représentant environ 45,9 % des actions en circulation. Les transactions sont soumises à l'approbation de la TSX Venture Exchange et comprennent une période de blocage de quatre mois. L'entreprise estime que ces accords amélioreront considérablement sa position financière en éliminant la dette de ses bilans.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) hat Pläne angekündigt, Aktien gegen Schulden zu tauschen, um $495,000 ausstehende Schulden durch die Ausgabe von 11,000,001 Stammaktien zu einem Preis von $0.045 pro Aktie zu begleichen.
Das Abkommen umfasst zwei Hauptbestandteile: einen Schuldumwandlungsvertrag mit Nio-Metals Holdings zur Umwandlung eines Darlehens über $450,000 in 10,000,000 Aktien und Aktien für Dienstleistungsvereinbarungen mit vier Direktoren und dem CFO zur Begleichung von $45,000 an unbezahlten Dienstleistungsgebühren in 1,000,001 Aktien.
Nach der Schuldumwandlung wird Nio-Metals Holdings 46,658,211 Aktien besitzen, was etwa 45,9% der ausstehenden Aktien entspricht. Die Transaktionen unterliegen der Genehmigung der TSX Venture Exchange und umfassen eine viermonatige Haltefrist. Das Unternehmen ist der Ansicht, dass diese Vereinbarungen seine finanzielle Lage erheblich verbessern werden, indem sie die Schulden von der Bilanz beseitigen.
- Elimination of $495,000 in debt from balance sheet
- Preservation of cash position
- Improved financial position through debt reduction
- Significant shareholder dilution with 11,000,001 new shares being issued
- Increased ownership concentration with single investor holding 45.9% of shares
- Shares issued at relatively low price of $0.045
Montreal, Quebec--(Newsfile Corp. - April 11, 2025) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, today announced, subject to the filings with and the approval from the TSX Venture Exchange (the "TSXV"), that it intends to enter into shares for debt agreements (the "Agreements"), to satisfy an aggregate of
Loan conversion
Nio agreed on a share for debt conversion agreement with Nio-Metals Holdings LLC to convert the outstanding Principal of a Loan dated February 17, 2021 in the amount of
Shares for services agreements
The Corporation also entered into a debt conversion for services with four current directors of the Corporation and its Chief Financial Officer (the "Shares for services agreements") to settle unpaid accrued services fees of
The Board of Directors and Management of Nio believe that these two agreements will improve its financial position drastically since, the Corporation will no longer carry any debt on its balance sheets, except for usual short-term accrued payables. Also, both agreements are in the best interests of Nio as it will help the Corporation preserve its cash position.
Related Party Transactions
The Debt conversion agreement and the Shares for services agreements constitute Related Party Transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").
The Corporation is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the shares for debt transaction with the forgoing insiders does not exceed
The issuance of the Shares is subject to the approval of the TSXV. The Shares to be issued will be subject to a four-month hold period pursuant to applicable securities regulations and the policies of the TSXV.
Early Warning Disclosure
In connection the Debt conversion agreement, Nio-Metals Holdings LLC (the "Insider") will be issued 10,000,000 Shares. Following the Debt conversion agreement, the Insider will own or control 46,658,211 Shares representing approximately
A copy of the Early Warning Report with additional information in respect of the foregoing matters will be filed on SEDAR (www.sedarplus.ca) under the Corporation's profile. For further information, including a copy of the early warning report required under applicable Canadian securities laws to be filed by the Insider as a result of the Shares for Debt Transaction referred to in this press release, please contact Nio Strategic Metals Inc. at: (514) 560-7623.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Corporation holds niobium properties located in Oka and near Mont-Laurier and another exploration property in the Province of Québec.
For more information on the Corporation, please refer to the Corporation's public documents available on SEDAR (www.sedarplus.ca) or on the Corporation's website (https://niostratmet.com/) or contact:
Bruno Dumais, Chief Financial Officer
nio.bdumais@gmail.com
514-560-7623
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 press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statement contains these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248154
FAQ
What is the total value of debt being converted to shares in Nio Strategic Metals (NIOCF)?
How many shares will Nio-Metals Holdings own after the debt conversion?
What is the price per share for the NIOCF debt conversion agreement?
How long is the hold period for the newly issued NIOCF shares?
