(TSX-V : GDM) (GDMIF. : OTCM)
The new CUSIP number will be 39312G105, and the new ISIN number will be CA39312G1054 under the new company name. The company's share capital remains unchanged.
Company Update
The Company announces that the
and (ii) the purchase and sale agreement (the "Acquisition Agreement") dated
The Company paid a finder's fee of 900 000 Shares in connection with the Acquisition.
An insider of the Company subscribed for a total of 1 185 000 units under the Placement, which constituted a "related party transaction" within the meaning of Regulation 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101").
The issuances to the insider are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) since the Company's shares are not listed on a specified market, and from the requirement for minority shareholder approval of MI 61-101 pursuant to the exemption in Section 5.7(a) of MI 61-101, in that the fair market value of the consideration for the securities issued to related parties does not exceed 25% of the Company's market capitalization.
The Company has not filed a material change report more than 21 days before the expected closing of the Placement and the Acquisition, as the details of the transactions and the participation of the Company's insiders were only settled shortly prior to closing and the Company wanted to close the transactions quickly for sound business reasons.
About Goldstar
Goldstar is a mineral exploration company dedicated to exploration in
Technology and environment at the heart of Green Mining Innovation’s development
Mr.
Mr.
Mr.
Link to the site, management,
https://greenmininginnovation.ca/en/gestionnaires/
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For more information please contact :
CEO
TSX-V : GDM
581-983-6815
info@greenmininginnovation.ca
Disclaimer
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This press release contains "forward-looking information" within the meaning of applicable securities laws. This information is based on the current expectations, estimates, forecasts, and projections of the management of Green Mining Innovation. Statements about future projects, including their environmental impact, profitability, and production expectations, are forward-looking information. Although the Company believes that the expectations expressed in this forward-looking information are based on reasonable assumptions, this information is not a guarantee of future performance, and current results or realities may materially differ from those anticipated in the forward-looking information.
Any investment in the company carries risks that should be independently assessed by each investor. Green Mining Innovation assumes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Source:
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