Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Units of NorthX Nickel Corp
Michael Gentile has announced the acquisition of 4,800,000 units of NorthX Nickel Corp (OTC:NXNIF) through the conversion of subscription receipts. Each unit consists of one common share and one warrant, with warrants exercisable at $0.075 per share for 36 months.
Following the acquisition, Gentile now owns 8.75% of NorthX's outstanding shares on an undiluted basis and 16.09% on a partially diluted basis. The investment is described as long-term, with Gentile indicating potential future transactions depending on market conditions.
Michael Gentile ha annunciato l'acquisto di 4.800.000 unità di NorthX Nickel Corp (OTC:NXNIF) tramite la conversione di ricevute di sottoscrizione. Ogni unità è composta da un'azione ordinaria e un warrant, con i warrant esercitabili a 0,075 $ per azione per un periodo di 36 mesi.
Dopo l'acquisizione, Gentile detiene ora il 8,75% delle azioni in circolazione di NorthX su base non diluita e il 16,09% su base parzialmente diluita. L'investimento è descritto come a lungo termine, con Gentile che indica possibili operazioni future in base alle condizioni di mercato.
Michael Gentile ha anunciado la adquisición de 4.800.000 unidades de NorthX Nickel Corp (OTC:NXNIF) mediante la conversión de recibos de suscripción. Cada unidad consta de una acción común y una garantía, con las garantías ejercitables a $0.075 por acción durante 36 meses.
Tras la adquisición, Gentile posee ahora el 8,75% de las acciones en circulación de NorthX en base no diluida y el 16,09% en base parcialmente diluida. La inversión se describe como a largo plazo, y Gentile indica posibles transacciones futuras dependiendo de las condiciones del mercado.
Michael Gentile는 NorthX Nickel Corp (OTC:NXNIF)의 4,800,000 단위를 구독 영수증 전환을 통해 취득했다고 발표했습니다. 각 단위는 보통주 1주와 워런트 1주로 구성되며, 워런트는 주당 0.075달러에 36개월 동안 행사할 수 있습니다.
이번 취득으로 Gentile는 희석되지 않은 기준으로 NorthX의 발행 주식의 8.75%, 부분 희석 기준으로는 16.09%를 보유하게 되었습니다. 이 투자는 장기적 성격으로 설명되며, Gentile는 시장 상황에 따라 향후 추가 거래 가능성을 시사했습니다.
Michael Gentile a annoncé l'acquisition de 4 800 000 unités de NorthX Nickel Corp (OTC:NXNIF) par conversion de reçus de souscription. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,075 $ par action pendant 36 mois.
À la suite de cette acquisition, Gentile détient désormais 8,75 % des actions en circulation de NorthX sur une base non diluée et 16,09 % sur une base partiellement diluée. L'investissement est décrit comme étant à long terme, Gentile indiquant des transactions potentielles futures en fonction des conditions du marché.
Michael Gentile hat den Erwerb von 4.800.000 Einheiten der NorthX Nickel Corp (OTC:NXNIF) durch die Umwandlung von Bezugsquittungen bekannt gegeben. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei die Warrants für 36 Monate zu 0,075 $ pro Aktie ausgeübt werden können.
Nach dem Erwerb hält Gentile nun 8,75 % der ausstehenden NorthX-Aktien unverwässert und 16,09 % teilweise verwässert. Die Investition wird als langfristig beschrieben, wobei Gentile mögliche zukünftige Transaktionen abhängig von den Marktbedingungen ankündigt.
- None.
- Potential future share dilution if warrants are exercised
- Possible market impact if large position is sold in the future
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate of 4,800,000 units (the "Units") in the capital of NorthX Nickel Corp. (the "Company"), upon conversion of an aggregate of 4,800,000 subscription receipts (the "Subscription Receipts"). Each Subscription Receipt automatically converted into one Unit upon satisfaction of certain escrow release conditions, including of all conditions to the completion of the Company's proposed asset acquisition transaction with Magna Mining Inc.
Each Unit was comprised of one common share (each, a "Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of
Prior to the completion of the Acquisition, Mr. Gentile did not beneficially own or control, directly or indirectly, any securities of the Company. Following the completion of the Acquisition, Mr. Gentile beneficially owns and controls, directly or indirectly, an aggregate of 4,800,000 Common Shares and 4,800,000 Warrants, representing approximately
The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (514) 591-4227.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259530
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