NatBridge Resources Announces Extension of Private Placement Closing and New Trading Symbol
NatBridge Resources (CSE: NATB, OTC: GEGCF) has announced an extension to its previously announced non-brokered private placement offering. The company aims to raise up to $1.5 million through the issuance of 7.5 million units at $0.20 per unit, with a potential 20% over-allotment option.
Each unit consists of one common share and a half warrant, with each full warrant exercisable at $0.30 per share for 12 months. The delay is attributed to pending documentation and funds from interested subscribers, as well as recent name and symbol changes causing coordination delays. The proceeds will fund working capital and acquisition costs for resource deposit tokenization projects.
NatBridge Resources (CSE: NATB, OTC: GEGCF) ha annunciato un'estensione dell'offerta privata senza intermediari precedentemente comunicata. La società punta a raccogliere fino a 1,5 milioni di dollari tramite l'emissione di 7,5 milioni di unità a 0,20 dollari per unità, con un'opzione di sovrallocazione potenziale del 20%.
Ogni unità comprende un'azione ordinaria e mezza warrant, con ogni warrant intero esercitabile a 0,30 dollari per azione per 12 mesi. Il ritardo è dovuto a documentazione e fondi in sospeso da parte degli abbonati interessati, oltre a recenti cambi di nome e simbolo che hanno causato ritardi di coordinamento. I proventi saranno destinati al capitale circolante e ai costi di acquisizione per i progetti di tokenizzazione dei depositi di risorse.
NatBridge Resources (CSE: NATB, OTC: GEGCF) ha anunciado una extensión de su oferta privada sin intermediarios previamente comunicada. La compañía busca recaudar hasta 1,5 millones de dólares mediante la emisión de 7,5 millones de unidades a 0,20 dólares por unidad, con una opción de sobreasignación potencial del 20%.
Cada unidad consta de una acción común y media warrant, siendo cada warrant completo ejercitable a 0,30 dólares por acción durante 12 meses. El retraso se atribuye a la documentación pendiente y fondos de suscriptores interesados, así como a recientes cambios de nombre y símbolo que han causado demoras en la coordinación. Los ingresos financiarán el capital de trabajo y los costos de adquisición para proyectos de tokenización de depósitos de recursos.
NatBridge Resources (CSE: NATB, OTC: GEGCF)는 이전에 발표한 중개인 없는 사모 발행 연장 소식을 알렸습니다. 회사는 단위당 0.20달러에 750만 단위를 발행하여 최대 150만 달러를 조달할 계획이며, 20% 추가 배정 옵션이 포함되어 있습니다.
각 단위는 보통주 1주와 워런트 0.5개로 구성되며, 워런트 1개는 12개월 동안 주당 0.30달러에 행사할 수 있습니다. 지연은 관심 있는 구독자들의 문서 및 자금 대기와 최근 이름 및 심볼 변경으로 인한 조정 지연 때문입니다. 조달 자금은 운영 자본과 자원 매장지 토큰화 프로젝트 인수 비용에 사용될 예정입니다.
NatBridge Resources (CSE : NATB, OTC : GEGCF) a annoncé une prolongation de son offre privée sans courtier précédemment annoncée. La société vise à lever jusqu'à 1,5 million de dollars par l'émission de 7,5 millions d’unités à 0,20 dollar par unité, avec une option de surallocation potentielle de 20 %.
Chaque unité comprend une action ordinaire et un demi-warrant, chaque warrant complet pouvant être exercé à 0,30 dollar par action pendant 12 mois. Le retard est attribué à la documentation et aux fonds en attente des souscripteurs intéressés, ainsi qu’aux récents changements de nom et de symbole ayant causé des retards de coordination. Les fonds serviront à financer le fonds de roulement et les coûts d’acquisition pour des projets de tokenisation de dépôts de ressources.
NatBridge Resources (CSE: NATB, OTC: GEGCF) hat eine Verlängerung seines zuvor angekündigten nicht vermittelten Privatplatzierungsangebots bekannt gegeben. Das Unternehmen plant, bis zu 1,5 Millionen US-Dollar durch die Ausgabe von 7,5 Millionen Einheiten zu je 0,20 US-Dollar pro Einheit zu beschaffen, mit einer möglichen Überzeichnungsoption von 20 %.
Jede Einheit besteht aus einer Stammaktie und einer halben Warrant, wobei jeder volle Warrant für 12 Monate zu 0,30 US-Dollar pro Aktie ausgeübt werden kann. Die Verzögerung ist auf ausstehende Dokumentationen und Mittel von interessierten Zeichnern sowie auf kürzliche Namens- und Symboländerungen zurückzuführen, die Koordinationsverzögerungen verursachten. Die Erlöse werden für das Betriebskapital und Akquisitionskosten für Projekte zur Tokenisierung von Ressourcenlagerstätten verwendet.
- Potential to raise up to $1.5 million with additional 20% over-allotment option
- Funds will be used for strategic acquisitions and tokenization of resource deposits
- Warrant exercise price of $0.30 represents 50% premium to unit price
- Delay in closing the private placement indicates potential funding challenges
- Significant dilution for existing shareholders through issuance of up to 7.5 million new units
- Short warrant exercise period of only 12 months limits long-term funding potential
Burnaby, British Columbia--(Newsfile Corp. - June 24, 2025) - NatBridge Resources Ltd. (CSE: NATB) (OTC Pink: GEGCF) (FSE: GI8) (the "Company" or "NatBridge") announces that further to its news release of May 13, 2025, the Company is extending the closing date of its previously announced non-brokered private placement offering of up to 7,500,000 units (each, a "Unit") at a price of
The Company has been waiting for final documents and funds from a number of subscribers who have expressed firm interest in the placement. In addition, the name change announcement and name and symbol changes recently becoming effective have led investors and their financial representatives to reach out to the Company for clarification on the documents and funding, causing delays in coordinating the closing.
The Company may pay a finder's fee in cash, common shares and/or warrants of the Company to eligible parties in connection with the Offering and in compliance with applicable securities laws. The net proceeds of the Offering will be used for ongoing working capital requirements as well as acquisition and due diligence costs associated with pending transactions to acquire additional resource deposits for tokenization.
The Company also announces that it started trading under its new name "NatBridge Resources Ltd." and new trading symbol "NATB" on the CSE at the open of markets on Monday, June 23, 2025.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About NatBridge Resources Ltd.
NatBridge Resources Ltd. (CSE: NATB) (OTC Pink: GEGCF) (FSE: GI8) is a publicly traded Canadian company, also listed in the United States and Germany, leading the gold resource supply side of NatGold Digital Ltd.'s revolutionary, patent-pending digital gold mining ecosystem. This innovative approach redefines how gold's value is captured through tokenization - eliminating extraction and its environmental, social, and financial costs through a blockchain-powered, eco-friendly digital mining process.
NatBridge's strategy is uniquely focused on the supply side of the NatGold ecosystem. By acquiring gold resources that qualify as Certified NatGold Resources™, in accordance with NatGold Digital's strict token certification standards, NatBridge is establishing itself as a key player in this transformative industry - operating at the intersection of three major global investment trends: gold, ESG investing, and the tokenization of real-world assets.
For more information, visit www.greateaglegold.com.
On behalf of the board,
Stephen Moses, President & Director
NatBridge Resources Ltd.
+1 (778) 372-9723
Neither the Canadian Securities Exchange (the "CSE") nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements with respect to the acquisition of NI 43-101 gold resources, the ability to digitally mine NatGold coins, the viability of the NatGold tokenization and monetization ecosystem, and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to NatBridge's proposed operations, acquiring and developing gold resources and their tokenization, and the receipt of required approvals. Generally, forward-looking statements can be identified by the forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NatBridge to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of NatBridge's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in NatBridge's required securities filings on SEDAR+. Although NatBridge has attempted to identify important factors that could cause results to differ materially from those contained in forward- looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256663
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