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SALTIRE CAPITAL LTD. ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT
SALTIRE CAPITAL LTD. ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT Canada NewsWire ...
About this update from Saltire Capital Ltd. Class A
[{"type":"text","content":"\n\n\n\n SALTIRE CAPITAL LTD. ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n \n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 19, 2025\n \n\n /CNW/ -\n \n Saltire Capital Ltd.\n \n (\"\n \n Saltire\n \n \" or the \"\n \n Company\n \n \") (TSX: SLT) (TSX: SLT.U) (TSX: SLT.WT.U) is pleased to announce the final closing (\"\n \n Closing\n \n \") of the non-brokered portion of its previously announced private placement (the \"\n \n Private Placement\n \n \") of up to 424,448 common shares in the capital of the Company (\"\n \n Common Shares\n \n \") at a price of $11.78 per Common Share (the \"\n \n Offering Price\n \n \"). Pursuant to the Closing, the Company raised gross proceeds of\n \n $820,100.04\n \n through the issuance of 69,618 Common Shares, for aggregate gross proceeds under the Private Placement of\n \n $3,908,816.04\n \n through the issuance of an aggregate of 331,818 Common Shares.\n \n\n\n\n\n\n\n\n\n\n Andrew Clark\n \n , CEO of Saltire, purchased 2,122 Common Shares in the non-brokered portion of the Private Placement for\n \n $24,997.16\n \n . As a result, the Private Placement is a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Private Placement is exempt from the formal valuation requirements of MI 61-101 pursuant to subsection 5.5(a) of MI 61-101 and is exempt from the minority shareholder approval requirements of MI 61-101 pursuant to subsection 5.7(a) of MI 61-101, in each case on the basis that neither the fair market value of the Common Shares to be issued to related parties nor the consideration to be paid by related parties pursuant to the Private Placement exceeds 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report more than 21 ...