Suche
 
Folgen Sie uns auf:

Mangazeya Mining Ltd Announces the Closing of the Shares for Debt Transaction

04.03.2016  |  The Newswire

Moscow, Russia / TheNewswire / March 4, 2016 - Mangazeya Mining Ltd.. (the "Company" or "Mangazeya") (NEX: "MGZ.H") announces that it has completed a shares for debt transaction (the "Transaction") with Mangazeya Center LLC, a company wholly owned by Mr. Sergey Yanchukov, the Chief Executive Officer and controlling shareholder of the Company (the "Controlling Shareholder"). The Transaction received the NEX's approval. Pursuant to the Transaction, the Company has settled CAD$201,230,563.54 of debt by issuing 804,922,254 Common Shares to the Controlling Shareholder at a deemed price of $0.25 per Common Share (the "Share Price").

The Share Price represents a 733% premium to Mangazeya's closing share price of CAD$0.03 as of February 10, 2016. The Controlling Shareholder has agreed to purchase the Common Shares to be issued as part of the Transaction (the "Shares") at a premium in order to maintain the Company's free float of Common Shares above 10%.

Mangazeya expects the Transaction will enhance the Company's liquidity and improve the Company's prospects of raising additional capital in the future in order to advance its mining projects.

The NEX and TSX Venture Exchange (collectively, the "Exchanges") have determined that the Transaction constitutes a reactivation of the Company. The Company will submit to the TSX Venture Exchange a reactivation application to be listed on Tier 2 of the TSX Venture Exchange.

An Early Warning Report (the "EWR") will be filed on SEDAR and will be available for review at www.sedar.com under Mangazeya's profile. A copy of the EWR can also be obtained from the contact below.

About Mangazeya Mining Ltd.

Mangazeya Mining Ltd. is a NEX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation.

Contact:

Mangazeya Mining Ltd.

Roman Zykov

Director for International Legal Affairs

?el: +7 499 277 1111

r.zykov@mangazeya.ru

Neither the NEX Board, TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, those regarding the Transaction, Reactivation and the Company's ability to raise additional capital in the future, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Mangazeya's expectations include, but are not limited to, risks related to the Exchanges not approving the Transaction or Reactivation, adverse market conditions, general capital markets conditions, legislative and regulatory developments, as well as those factors discussed in Mangazeya's documents filed on SEDAR (www.sedar.com).

Although Mangazeya has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated. As a result, the reader is cautioned not to place undue reliance on any forward-looking information. Mangazeya does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Additional information on Mangazeya is available at www.sedar.com.

Copyright (c) 2016 TheNewswire - All rights reserved.


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Mangazeya Mining Ltd.
Bergbau
A1W5UG
VGG579191054
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2021.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"