Armory Mining Corp. Closes Share Exchange With Antimony Assets Inc., Announces Private Placement of Units and Completes Name Change
Armory Mining Corp (CSE:ARMY, OTC:RMRYF) has completed three significant corporate actions: First, the acquisition of Antimony Assets Inc. through a share exchange of 4,975,000 common shares at $0.0675 per share. Antimony holds interests in two mineral claims covering 3,550 hectares in Haida Gwaii, BC. Second, the company announced a private placement offering of up to 12.5 million units at $0.10 per unit, aiming to raise up to $1.25 million for exploration work and working capital. Lastly, the company completed its name change from Spey Resources Corp. to Armory Mining Corp., with new trading symbols ARMY on CSE and RMRYF on OTC.
Armory Mining Corp (CSE:ARMY, OTC:RMRYF) ha completato tre importanti azioni aziendali: In primo luogo, l'acquisizione di Antimony Assets Inc. tramite uno scambio di azioni di 4.975.000 azioni ordinarie a $0,0675 per azione. Antimony detiene interessi in due concessioni minerarie che coprono 3.550 ettari a Haida Gwaii, BC. In secondo luogo, l'azienda ha annunciato un'offerta di private placement fino a 12,5 milioni di unità a $0,10 per unità, con l'obiettivo di raccogliere fino a $1,25 milioni per lavori di esplorazione e capitale di esercizio. Infine, l'azienda ha completato il cambiamento di nome da Spey Resources Corp. a Armory Mining Corp., con nuovi simboli di negoziazione ARMY sulla CSE e RMRYF sull'OTC.
Armory Mining Corp (CSE:ARMY, OTC:RMRYF) ha completado tres acciones corporativas significativas: Primero, la adquisición de Antimony Assets Inc. mediante un intercambio de acciones de 4,975,000 acciones ordinarias a $0.0675 por acción. Antimony tiene intereses en dos reclamos mineros que cubren 3,550 hectáreas en Haida Gwaii, BC. En segundo lugar, la empresa anunció una oferta de colocación privada de hasta 12.5 millones de unidades a $0.10 por unidad, con el objetivo de recaudar hasta $1.25 millones para trabajos de exploración y capital de trabajo. Por último, la empresa completó su cambio de nombre de Spey Resources Corp. a Armory Mining Corp., con nuevos símbolos de negociación ARMY en la CSE y RMRYF en la OTC.
Armory Mining Corp (CSE:ARMY, OTC:RMRYF)는 세 가지 중요한 기업 행동을 완료했습니다: 첫째, Antimony Assets Inc.의 인수로, 4,975,000주의 보통주를 주당 $0.0675에 교환했습니다. Antimony는 BC의 Haida Gwaii에 3,550헥타르에 걸친 두 개의 광물 청구권에 대한 지분을 보유하고 있습니다. 둘째, 회사는 탐사 작업과 운영 자본을 위해 최대 125만 달러를 모금하기 위해 주당 $0.10의 가격으로 최대 1250만 유닛의 사모 배치를 발표했습니다. 마지막으로, 회사는 Spey Resources Corp.에서 Armory Mining Corp.로 이름을 변경 완료했으며, CSE의 새로운 거래 기호는 ARMY, OTC의 기호는 RMRYF입니다.
Armory Mining Corp (CSE:ARMY, OTC:RMRYF) a complété trois actions d'entreprise significatives : Premièrement, l'acquisition de Antimony Assets Inc. par un échange d'actions de 4.975.000 actions ordinaires à 0,0675 $ par action. Antimony détient des droits sur deux revendications minérales couvrant 3.550 hectares à Haida Gwaii, BC. Deuxièmement, la société a annoncé une offre de placement privé de jusqu'à 12,5 millions d'unités à 0,10 $ par unité, visant à lever jusqu'à 1,25 million de dollars pour des travaux d'exploration et du fonds de roulement. Enfin, la société a achevé son changement de nom de Spey Resources Corp. à Armory Mining Corp., avec de nouveaux symboles de négociation ARMY sur la CSE et RMRYF sur l'OTC.
Armory Mining Corp (CSE:ARMY, OTC:RMRYF) hat drei bedeutende Unternehmensmaßnahmen abgeschlossen: Erstens die Übernahme von Antimony Assets Inc. durch einen Aktienaustausch von 4.975.000 Stammaktien zu 0,0675 $ pro Aktie. Antimony hält Beteiligungen an zwei Mineralansprüchen, die 3.550 Hektar in Haida Gwaii, BC, abdecken. Zweitens gab das Unternehmen eine Privatplatzierung bekannt, bei der bis zu 12,5 Millionen Einheiten zu 0,10 $ pro Einheit angeboten werden, um bis zu 1,25 Millionen $ für Erkundungsarbeiten und Betriebskapital zu sammeln. Schließlich hat das Unternehmen seinen Namenswechsel von Spey Resources Corp. zu Armory Mining Corp. abgeschlossen, mit neuen Handelssymbolen ARMY an der CSE und RMRYF an der OTC.
- Acquisition of 3,550 hectares of mineral claims in Haida Gwaii, BC
- Potential to raise up to $1.25 million through private placement
- Shareholder dilution through issuance of 4,975,000 new shares
- Additional dilution expected from 12.5 million unit private placement
VANCOUVER, BC / ACCESSWIRE / November 19, 2024 / Armory Mining Corp. (CSE:ARMY)(OTC PINK:RMRYF)(FRA:2JS) (the "Company" or "Armory") (formerly Spey Resources Corp.) is pleased to announce, further to its news release dated November 9, 2024, that it has completed the acquisition of Antimony Assets Inc. ("Antimony") pursuant to a share exchange agreement dated November 8, 2024 among the Company, Antimony, and the shareholders of Antimony (the "Shareholders"). The Company completed the acquisition from the Shareholders of all of the issued and outstanding common shares of Antimony in exchange for the issuance by the Company to the Shareholders of 4,975,000 common shares of the Company at a deemed price of
The Consideration Shares have been issued pursuant to an exemption from the prospectus requirements under applicable securities laws pursuant to Section 2.16 of National Instrument 45-106 and are free trading.
Private Placement
The Company is also pleased to announce a non-brokered private placement offering of up to 12,500,000 units (the "Units") at a price of
The Warrants will be subject to an acceleration right held by the Company, such that if the share price closes at
The Company may pay finder's fees to eligible finders in connection with the Offering.
The proceeds raised from the Offering are expected to be used for exploration work on the Kaslo Silver project and the Nova Scotia property, working capital and general corporate purposes. All securities to be issued under the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
Name Change
Further to the Company's news release dated November 9, 2024, the Company has completed its name change from "Spey Resources Corp." to "Armory Mining Corp." The trading symbol on the CSE has changed to "ARMY" and the trading symbol on the OTC has changed to "RMRYF". The new CUSIP is 042279109 and the new ISIN is CA0422791099.
About Armory Mining
Armory Mining Corp. is a Canadian lithium focused mineral exploration company which has an
Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to the Company completing the acquisition of Antimony, the consideration shares being free trading, the receipt of approval by the Canadian Securities Exchange, the name change and symbol change and anticipated timing thereof. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipates", "anticipated" "expected" "intends" "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have 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. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
Contact Information
Nader Vatanchi
CEO, Director
nadervatanchi@hotmail.com
778-881-4631
SOURCE: Armory Mining Corp.
View the original press release on accesswire.com
FAQ
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