Highcliff Metals Closes Private Placement of 4,166,598 Common Shares
Highcliff Metals (OTC:IMAHF) has completed its previously announced non-brokered private placement, raising $249,995.88 through the issuance of 4,166,598 common shares at $0.06 per share.
Notably, Antanas Guoga acquired 3,200,000 shares for $192,000, representing approximately 36.22% of the company's outstanding shares. The proceeds will be used for working capital, corporate debt reduction, and exploring new business opportunities. The shares are subject to a four-month resale restriction period.
Highcliff Metals (OTC:IMAHF) ha completato il collocamento privato non mediato precedentemente annunciato, raccogliendo 249.995,88 $ attraverso l'emissione di 4.166.598 azioni ordinarie a 0,06 $ per azione.
In particolare, Antanas Guoga ha acquisito 3.200.000 azioni per un totale di 192.000 $, rappresentando circa il 36,22% delle azioni in circolazione della società. I proventi saranno utilizzati per il capitale operativo, la riduzione del debito aziendale e l'esplorazione di nuove opportunità di business. Le azioni sono soggette a un periodo di restrizione alla rivendita di quattro mesi.
Highcliff Metals (OTC:IMAHF) ha completado su colocación privada no intermediada previamente anunciada, recaudando 249.995,88 $ mediante la emisión de 4.166.598 acciones ordinarias a 0,06 $ por acción.
Destaca que Antanas Guoga adquirió 3.200.000 acciones por 192.000 $, representando aproximadamente el 36,22% de las acciones en circulación de la empresa. Los fondos se utilizarán para capital de trabajo, reducción de deuda corporativa y exploración de nuevas oportunidades comerciales. Las acciones están sujetas a un período de restricción para la reventa de cuatro meses.
Highcliff Metals (OTC:IMAHF)는 이전에 발표한 비중개 사모 발행을 완료하여 주당 0.06달러에 4,166,598주의 보통주를 발행해 총 249,995.88달러를 조달했습니다.
특히, 안타나스 구오가(Antanas Guoga)는 3,200,000주를 192,000달러에 매입했으며, 이는 회사 발행 주식의 약 36.22%에 해당합니다. 조달된 자금은 운전자본, 기업 부채 감축 및 새로운 사업 기회 탐색에 사용될 예정입니다. 해당 주식은 4개월간 재판매 제한 기간이 적용됩니다.
Highcliff Metals (OTC:IMAHF) a finalisé son placement privé non parrainé précédemment annoncé, levant 249 995,88 $ par l'émission de 4 166 598 actions ordinaires à 0,06 $ par action.
Notamment, Antanas Guoga a acquis 3 200 000 actions pour 192 000 $, représentant environ 36,22 % des actions en circulation de la société. Les fonds seront utilisés pour le fonds de roulement, la réduction de la dette d'entreprise et l'exploration de nouvelles opportunités commerciales. Les actions sont soumises à une période de restriction de revente de quatre mois.
Highcliff Metals (OTC:IMAHF) hat die zuvor angekündigte nicht vermittelte Privatplatzierung abgeschlossen und dabei 249.995,88 $ durch die Ausgabe von 4.166.598 Stammaktien zu je 0,06 $ pro Aktie eingenommen.
Bemerkenswert ist, dass Antanas Guoga 3.200.000 Aktien für 192.000 $ erworben hat, was etwa 36,22% der ausstehenden Aktien des Unternehmens entspricht. Die Erlöse werden für das Betriebskapital, die Reduzierung von Unternehmensschulden und die Erschließung neuer Geschäftsmöglichkeiten verwendet. Die Aktien unterliegen einer viermonatigen Wiederverkaufsbeschränkung.
- Secured $249,995.88 in new capital through private placement
- Strategic investor Antanas Guoga acquired significant 36.22% stake for $192,000
- Shares issued at relatively low price of $0.06 per share
- Significant ownership concentration with single investor holding 36.22% stake
- Funds primarily used for working capital and debt rather than growth initiatives
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Highcliff Metals Corp. (TSXV: HCM.H) (OTC: IMAHF) ("the Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (see news release dated March 28, 2025 and May 2, 2025) of 4,166,598 common shares (the "Shares") at a price of
The securities under the Offering will be subject to restrictions on resale expiring four months and day after issue. The net proceeds of the Offering will be used for general working capital purposes, corporate indebtedness and any costs associated with seeking out a new business.
Early Warning Notice
This early warning notice (the "Notice") is issued pursuant to National Instrument 62-104 Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers ("NI 62-103").
This Notice is being issued by Antanas Guoga as required by NI 62-104 and NI 62-103 in connection with Mr. Guoga's acquisition of 3,200,000 common shares (the "Acquired Shares") in the capital of the Company.
The Acquired Shares were issued by the Company to Mr. Guoga under the Offering in consideration of
Mr. Guoga acquired the Acquired Shares for investment purposes and may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities of the Company either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Other than the foregoing, Mr. Guoga does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.
Antanas Guoga
Mr. Guoga has filed an early warning report with the applicable securities regulators in Canada with respect to the foregoing matters pursuant to NI 62-103, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca. A copy of the early warning report can be obtained by contacting the Company at 604-393-3585.
About the Company
The Company currently has no mineral properties and will seek out to identify and acquire a new mineral property.
Highcliff Metals Corp.
John Theobald
President
For further information contact:
Barry Girling
bgirling@highcliffmetals.com
778-772-9947
NEITHER THE 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 NEWS RELEASE.
This News Release includes certain forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: ability to complete the complete the private placement financing, acquire a new mineral property and uncertainty of access to additional capital. Accordingly, actual and further events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257479
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