1261648 B C Ltd Transfer Shares to Purchasers finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Vancouver, British Columbia (Newsfile Corp. - May 31, 2021) - 1261648 B.C. Ltd. ("648") announced effective as of May 28, 2021 that it has sold (the "Repurchase") an aggregate of 1,000,000 common shares
1261648 B C Ltd Transfers Shares to Akiba Leisman finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
1261648 B.C. Ltd. Sells Shares to 2171117 Ontario Inc.
648 ) announced today that it has sold (the
Sale ) an aggregate of 200,000 common shares (the
Sold
396 ) to 2171117 Ontario Inc. (
117 ) pursuant to a share purchase agreement entered into between 648 and 117 on April 21, 2021. The Sold Shares were sold at a price of $0.00003 per Sold Share for an aggregate price of $6.
Prior to the Sale, 648 held 1,500,000 (50%) shares of 396. As a result of the Sale, 648 now holds 1,300,000 (43.3%) shares of 396.
The Sale was conducted in reliance on the private agreement exemption in section 4.2 of National Instrument 62-104 -
Take-Over Bids and Issuer Bids (
NI 62-104 ) and as a result was exempt from the take-over bid requirements in Part 2 of NI 62-104. The Sold Shares were purchased from fewer than 5 sellers and at a price less than 115% of the market price of the Sold Shares, in each case as calculated in accordance with NI 62-104.
Gold miners exchange traded funds like the
Sprott Gold Miners ETF (NYSEArca: SGDM), could thrive this year as bullion prices, but that’s only part of the equation.
In recent years, many miners eschewed profligate spending, focusing on firmer balance sheets. Those moves paid dividends. Literally.
“The good times for gold miners are expected to continue next year, especially for those that are able to tighten spending and increase returns to investors,” reports Aoyon Ashraf for
. “The rally in gold prices has helped miners expand their margins and generate record levels of free cash flow, allowing many to pass on profits to shareholders already, Scotiabank analyst Tanya Jakusconek said.”