Critical One Energy Inc. has issued a significant number of common shares in connection with various transactions including the acquisition of the Howells Lake Project, debt settlement, and finder's fees. The company issued shares to Bounty Gold, the Vendor Group, and an arms-length individual as a finder's fee. All securities issued are subject to hold periods and escrow arrangements.
Critical One Energy Inc. (formerly Madison Metals Inc.) has issued a significant number of common shares in connection with various transactions including the acquisition of the Howells Lake Project , debt settlement , and finder's fee s. The company issued 125,000 common shares to Bounty Gold and 2,000,000 common shares to the Vendor Group as partial consideration for acquiring a 100% interest in the Howells Lake Project , a 13,990.90 hectare antimony-gold project.
An additional 2,875,000 common shares will be issued over the next three years. No finder's fees were payable for this acquisition. The company also settled $249,459.60 in debt owed to various creditors by issuing 831,532 common shares at a deemed price of CDN$0.30 per share. Three of these creditors are insiders of the company, making this a related party transaction subject to TSXV Policy 5.9 and Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(a) of MI 61-101, based on the value of the securities issued to insiders not exceeding 25% of the company's market capitalization. Additionally, 225,000 common shares were issued at a deemed price of CDN$0.30 per share, totaling $67,500.00, to an arms-length individual as a finder's fee pursuant to an agreement with Star Minerals Limited to allow Star to earn up to a 51% interest in Exclusive Prospecting License 8531 in Namibia. Under the terms of the option agreement, the company has received US$75,000 (US$225,000 outstanding) and 4.3 million common shares as the first option payment from Star. All securities issued in settlement of debt and pursuant to agreements with Star and Bounty Gold are subject to a four-month and one-day hold period. Securities issued under the purchase and sale agreement with the Vendor Group are subject to an escrow arrangement, with 25% of the securities released at six-month, twelve-month, eighteen-month, and twenty-four-month intervals. Critical One Energy Inc. is a forward-focused company focused on critical minerals and upstream energy, powering the future of clean energy and advanced technologies. Backed by experienced management and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony in Canada and uranium in Namibia. By leveraging its technical, managerial, and financial expertise, the company upgrades and creates high-value projects while joint venturing non-core assets to generate cash flow, driving growth and delivering value for its shareholders.
Mining Critical Minerals Energy Acquisition Share Issuance Debt Settlement Finder's Fee Howells Lake Project Uranium Antimony Namibia Canada
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