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VISIBLE GOLD MINES ANNOUNCES EXTENSION OF WARRANT TERM
VISIBLE GOLD MINES ANNOUNCES EXTENSION OF WARRANT TERM Canada NewsWire ROUY...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n\n\n\n VISIBLE GOLD MINES ANNOUNCES EXTENSION OF WARRANT TERM\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n ROUYN-NORANDA, QC\n \n\n ,\n \n\n April 2, 2025\n \n\n /CNW/ -\n \n Visible Gold Mines Inc. (the \"Corporation\")\n \n (TSXV: VGD) (\n \n FRANKFURT\n \n : 3V41) is pleased to announce that the TSX Venture Exchange has approved the Corporation's application for a three-year extension of the term of 1,250,000 common share purchase warrants (\"\n \n Warrants\n \n \") that were issued by the Corporation as part of a unit private placement that closed on\n \n April 12, 2023\n \n (the \"\n \n 2023 Private Placement\n \n \").  Each warrant currently entitles its holder to purchase one additional common share of the Corporation at an exercise price of\n \n $0.17\n \n until\n \n April 12, 2025\n \n .\n \n\n The term of the warrants will be extended for an additional three years to\n \n April 12, 2028\n \n , for a total term of five years since the date of issuance (the \"\n \n Warrant Amendment\n \n \"). The Corporation issued a total of 1,250,000 Warrants in the 2023 Private Placement. Please refer to the Corporation's press release dated\n \n April 13, 2023\n \n for additional details on the 2023 Private Placement that closed on\n \n April 12, 2023\n \n .\n \n\n 9086-0735 Québec Inc., a company controlled by\n \n Martin Dallaire\n \n the President and Chief Executive Officer of the Corporation, an insider of the Corporation (the \"\n \n Insider\n \n \") holds 625,000 Warrants.  No consideration was paid or received by the Corporation for the Warrant Amendment.\n \n\n The Insider is considered a \"related party\" and an \"insider\" of the Corporation for the purposes of applicable securities laws and stock exchange rules. The amendment to the terms of the a securities, such as the Warrants, held by the Insider constitutes a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Spec...