Business
Naughty Ventures Announces Private Placement of Flow-Through Units
Not for Distribution to US Newswire Services or Dissemination in the United States of AmericaVancouver, British Columbia--(Newsfile Corp. - January 2, 2026) - Naughty Ventures Corp. (CSE: BAD) (OTC Pink: YORKF) (FSE: 5DE0) ("Naughty Ventures" or the "Company") announces a non-brokered private placement "Flow-Through" financing of 2,000,000 units ("FT Units") at $0.10 per Unit for gross proceeds of $200,000. Each FT Unit will consist of one common share issued as a "flow-through share" within...
About this update from Naughty Ventures Corp.
[{"type":"text","content":"Not for Distribution to US Newswire Services or Dissemination in the United States of America","length":93,"tagName":"p"},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 2, 2026) - Naughty Ventures Corp. (CSE: BAD) (OTC Pink: YORKF) (FSE: 5DE0) ("Naughty Ventures" or the "Company") announces a non-brokered private placement "Flow-Through" financing of 2,000,000 units ("FT Units") at $0.10 per Unit for gross proceeds of $200,000. Each FT Unit will consist of one common share issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a "FT Share") and one transferable common share purchase warrant (each whole warrant, a "FT Warrant"). Each FT Warrant will entitle the holder to acquire one common share at a price of C$0.15 for a period of 36 months from issuance (the "Private Placement").","length":818,"tagName":"p"},{"type":"text","content":"Mr. Blair Naughty, CEO and President of the Company, will subscribe for the entire Private Placement. Upon closing of the Private Placement, Mr. Naughty's investment combined with his existing holdings will further increase his equity stake in the Company, currently at 20.93% to approximately 22.95%.","length":305,"tagName":"p"},{"type":"text","content":"Mr. Naughty is an insider of the Company and, as such, his participation in the Private Placement is a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the shares to be purchased on behalf of Mr. Naughty nor the consideration to be paid by him exceeds 25% of the Company's market capitalization.","length":632,"tagName":"p"},{"type":"text","content":"The proceeds from the sale of FT Units will be used to incur eligible "Canadian exploration expenses" on the Company's Canadian mineral properties, with all qualifying expenditures renounced to the subscriber effective December 31, 2026.","length":251,"tagName":"p"},{"type":"text","co...