Sixty Six Capital Enters into Management Services Agreement
Rhea-AI Summary
Sixty Six Capital (CSE: SIX, OTC: HYHDF) entered into a management services agreement with K33 AB (publ), effective April 1, 2026, under which K33 will provide executive management and related corporate services. The agreement is open‑ended and can be terminated by either party with 90 days’ written notice.
According to Sixty Six Capital, K33 will receive CAD$200,000 per year, paid in quarterly instalments of CAD$50,000. The deal is a related party transaction under MI 61‑101 because K33 is a control person. The company relies on valuation and minority approval exemptions, stating the compensation is under 25% of its market capitalization and it is not listed on a specified market. Sixty Six Capital did not file a material change report 21 days before signing, citing the need to proceed expeditiously.
Positive
- CAD$200,000 annual management fee with clear quarterly schedule
- Agreement provides executive management and corporate services from K33 AB (publ)
- Contract is terminable by either party on 90 days’ notice
Negative
- Transaction classified as related party since K33 is a control person
- Company relies on MI 61-101 exemptions instead of full valuation and minority approval
- No material change report filed 21 days prior to Agreement, per company disclosure
- Ongoing annual cash outflow of CAD$200,000 for management services
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - August 4, 2026) - Sixty Six Capital Inc. (CSE: SIX) ("Sixty Six" or the "Company") announces that it has entered into a management services agreement (the "Agreement"), with an effective date of April 1, 2026, with K33 AB (publ) ("K33") pursuant to which K33 shall provide the Company with executive management and related services in support of the Company's business and corporate affairs.
The Agreement shall continue until terminated by either party upon 90 days written notice. As compensation for their services, the Company shall pay K33 CAD
The transactions contemplated by the Agreement constitute a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as K33 is a control person of the Company. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the compensation payable pursuant to the Agreement does not exceed
About Sixty Six Capital
Sixty Six Capital is a BTC treasury and Crypto asset investment company.
For more information, please visit: https://sixtysixcapital.com
For more information, please contact:
Torbjørn Bull Jenssen
Chief Executive Officer
Tel: +47 930 40 684
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedarplus.ca. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307990