Nio Strategic Metals Announces Closing of Debt Conversion Agreements and Notice of Annual and Special Meeting of Shareholders
Nio Strategic Metals (TSXV: NIO) (OTC: NIOCF) has completed its debt conversion agreements with TSXV approval. The company converted a $450,000 loan from Nio-Metals Holdings LLC and settled $45,000 in accrued services owed to directors and officers by issuing 11,000,001 common shares at $0.045 per share.
Following the transaction, Nio-Metals Holdings LLC received 10,000,000 shares and now owns approximately 45.9% of outstanding shares. The issued shares are subject to a four-month plus one-day hold period. The debt conversion significantly improves Nio's financial position by eliminating all debt except usual short-term payables.
The company also announced its Annual and Special Meeting will be held via webcast on July 9, 2025, at 10:00 a.m. Eastern time.
Nio Strategic Metals (TSXV: NIO) (OTC: NIOCF) ha completato gli accordi di conversione del debito con l'approvazione della TSXV. La società ha convertito un prestito di 450.000 dollari da Nio-Metals Holdings LLC e ha saldato 45.000 dollari di servizi maturati dovuti a direttori e dirigenti emettendo 11.000.001 azioni ordinarie a 0,045 dollari per azione.
In seguito alla transazione, Nio-Metals Holdings LLC ha ricevuto 10.000.000 di azioni e ora detiene circa il 45,9% delle azioni in circolazione. Le azioni emesse sono soggette a un periodo di blocco di quattro mesi più un giorno. La conversione del debito migliora significativamente la posizione finanziaria di Nio eliminando tutto il debito, ad eccezione dei normali debiti a breve termine.
La società ha inoltre annunciato che l'Assemblea Annuale e Straordinaria si terrà tramite webcast il 9 luglio 2025 alle 10:00 ora orientale.
Nio Strategic Metals (TSXV: NIO) (OTC: NIOCF) ha completado sus acuerdos de conversión de deuda con la aprobación de TSXV. La compañía convirtió un préstamo de 450,000 dólares de Nio-Metals Holdings LLC y saldó 45,000 dólares en servicios acumulados adeudados a directores y oficiales emitiendo 11,000,001 acciones comunes a 0.045 dólares por acción.
Tras la transacción, Nio-Metals Holdings LLC recibió 10,000,000 acciones y ahora posee aproximadamente el 45.9% de las acciones en circulación. Las acciones emitidas están sujetas a un período de retención de cuatro meses más un día. La conversión de la deuda mejora significativamente la posición financiera de Nio al eliminar toda la deuda, excepto las cuentas por pagar a corto plazo habituales.
La compañía también anunció que su Junta Anual y Extraordinaria se realizará vía webcast el 9 de julio de 2025 a las 10:00 a.m. hora del Este.
Nio Strategic Metals (TSXV: NIO) (OTC: NIOCF)는 TSXV 승인 하에 부채 전환 계약을 완료했습니다. 회사는 Nio-Metals Holdings LLC로부터 받은 45만 달러 대출을 전환하고, 이사 및 임원에게 지급해야 할 4만 5천 달러 상당의 미지급 서비스 비용을 주당 0.045달러에 11,000,001주의 보통주를 발행하여 정산했습니다.
거래 후 Nio-Metals Holdings LLC는 1,000만 주를 받았으며 현재 발행 주식의 약 45.9%를 보유하고 있습니다. 발행된 주식은 4개월 플러스 1일의 보호예수 기간이 적용됩니다. 이번 부채 전환으로 Nio의 재무 상태가 크게 개선되어 일반적인 단기 채무를 제외한 모든 부채가 제거되었습니다.
회사는 또한 연례 및 특별 총회가 2025년 7월 9일 동부 시간 기준 오전 10시에 웹캐스트로 개최될 예정임을 발표했습니다.
Nio Strategic Metals (TSXV : NIO) (OTC : NIOCF) a finalisé ses accords de conversion de dette avec l'approbation de la TSXV. La société a converti un prêt de 450 000 $ de Nio-Metals Holdings LLC et réglé 45 000 $ de services accumulés dus aux administrateurs et dirigeants en émettant 11 000 001 actions ordinaires au prix de 0,045 $ par action.
Suite à cette transaction, Nio-Metals Holdings LLC a reçu 10 000 000 actions et détient désormais environ 45,9 % des actions en circulation. Les actions émises sont soumises à une période de blocage de quatre mois plus un jour. Cette conversion de dette améliore considérablement la situation financière de Nio en éliminant toutes les dettes, à l'exception des dettes courantes habituelles à court terme.
La société a également annoncé que son Assemblée annuelle et extraordinaire se tiendra par webdiffusion le 9 juillet 2025 à 10h00, heure de l'Est.
Nio Strategic Metals (TSXV: NIO) (OTC: NIOCF) hat seine Schuldenkonsolidierungsvereinbarungen mit Genehmigung der TSXV abgeschlossen. Das Unternehmen wandelte ein Darlehen über 450.000 USD von Nio-Metals Holdings LLC um und beglich 45.000 USD an aufgelaufenen Dienstleistungen, die an Direktoren und Führungskräfte geschuldet wurden, durch Ausgabe von 11.000.001 Stammaktien zum Preis von 0,045 USD pro Aktie.
Nach der Transaktion erhielt Nio-Metals Holdings LLC 10.000.000 Aktien und hält nun etwa 45,9 % der ausstehenden Aktien. Die ausgegebenen Aktien unterliegen einer Sperrfrist von vier Monaten plus einem Tag. Die Schuldenumwandlung verbessert die finanzielle Lage von Nio erheblich, da alle Schulden bis auf die üblichen kurzfristigen Verbindlichkeiten eliminiert werden.
Das Unternehmen gab außerdem bekannt, dass die jährliche und außerordentliche Hauptversammlung am 9. Juli 2025 um 10:00 Uhr Eastern Time per Webcast abgehalten wird.
- Complete elimination of $495,000 in debt from balance sheet
- Improved financial position with no significant debt remaining
- Cash preservation benefits due to debt-to-equity conversion
- Significant shareholder dilution with 11,000,001 new shares issued
- Increased ownership concentration with Nio-Metals Holdings LLC controlling 45.9% of shares
- Company has no significant revenues
Montreal, Quebec--(Newsfile Corp. - May 20, 2025) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, is pleased to announce that, further to its previous press release dated April 11, 2025, the Corporation has received acceptance from the TSX Venture Exchange (the "TSXV") and completed its shares for debt agreements (the "Debt conversion Agreements") to convert the outstanding Principal of a Loan dated February 17, 2021 in the amount of
The Debt conversion Agreements constitute Related Party Transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Corporation relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the shares for debt transaction with the forgoing insiders does not exceed
The Corporation did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt conversion Agreements, which the Corporation deems reasonable in the circumstances as the Corporation wishes to improve its financial position by reducing its existing liabilities. Further details regarding the foregoing transactions are included in a material change report filed by the Company less than 10 days after the closing of the transaction and the formal acceptance by the TSXV.
The Board of Directors and Management of Nio determined these two agreements will improve its financial position drastically since, the Corporation will no longer carry any debt on its balance sheets, except for usual short-term accrued payables. Also, both agreements are in the best interests of Nio as it will help the Corporation preserve its cash position since the Corporation has no significant revenues.
The Shares issued are subject to a four month plus one day hold period pursuant to the policies of the TSXV.
In connection the Debt conversion agreement, Nio-Metals Holdings LLC (the "Insider") was issued 10,000,000 Shares. Following the Debt conversion agreement, the Insider owns or controls 46,658,211 Shares representing approximately
Notice of Annual and Special Meeting of Shareholders
Nio announces that its Annual and Special Meeting (the "Meeting") will be held via live webcast at: https://us02web.zoom.us/j/7124529998 on July 9, 2025 at the hour of 10:00 a.m. (Eastern time). The password for the live webcast is NIO2025 (case sensitive).
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Corporation holds niobium properties located in Oka and near Mont-Laurier and another exploration property in the Province of Québec.
For more information on the Corporation, please refer to the Corporation's public documents available on SEDAR (www.sedarplus.ca) or on the Corporation's website (https://niostratmet.com/) or contact:
Bruno Dumais, Chief Financial Officer
nio.bdumais@gmail.com
514-560-7623
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 press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statement contains these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252719
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