Sylla Gold Announces Approval of Loans
Sylla Gold Corp. (TSXV: SYG) (OTC: SYGCF) has received TSX Venture Exchange approval to issue 599,998 common shares at $0.015 per share related to unsecured promissory notes worth $45,000. The notes, dated June 6, 2025, carry a 7% annual interest rate and are due after June 6, 2026.
The loans were provided by both non-arm's length and arm's length lenders, with some being company directors and officers. The issued shares are subject to a four-month hold period. The transaction qualifies as a related party transaction under TSXV Policy 5.9 and MI 61-101, though the company is exempt from valuation and minority shareholder approval requirements.
Sylla Gold Corp. (TSXV: SYG) (OTC: SYGCF) ha ottenuto l'approvazione dalla TSX Venture Exchange per emettere 599.998 azioni ordinarie al prezzo di 0,015$ per azione, relative a cambiali non garantite per un valore di 45.000$. Le cambiali, datate 6 giugno 2025, prevedono un tasso di interesse annuo del 7% e scadono dopo il 6 giugno 2026.
I prestiti sono stati forniti sia da finanziatori collegati che indipendenti, tra cui alcuni direttori e dirigenti della società. Le azioni emesse sono soggette a un periodo di blocco di quattro mesi. L'operazione è classificata come una transazione con parti correlate ai sensi della Politica 5.9 della TSXV e del MI 61-101, anche se la società è esentata dai requisiti di valutazione e approvazione da parte degli azionisti di minoranza.
Sylla Gold Corp. (TSXV: SYG) (OTC: SYGCF) ha recibido la aprobación de la Bolsa de Valores TSX Venture para emitir 599,998 acciones ordinarias a 0,015 dólares por acción, relacionadas con pagarés no garantizados por un valor de 45,000 dólares. Los pagarés, fechados el 6 de junio de 2025, tienen una tasa de interés anual del 7% y vencen después del 6 de junio de 2026.
Los préstamos fueron otorgados por prestamistas relacionados y no relacionados, incluyendo algunos directores y funcionarios de la empresa. Las acciones emitidas están sujetas a un período de retención de cuatro meses. La transacción se considera una operación con partes relacionadas según la Política 5.9 de TSXV y MI 61-101, aunque la empresa está exenta de los requisitos de valoración y aprobación por parte de accionistas minoritarios.
Sylla Gold Corp. (TSXV: SYG) (OTC: SYGCF)는 무담보 약속어음과 관련하여 주당 0.015달러에 599,998 보통주를 발행하는 것을 TSX 벤처 거래소로부터 승인받았습니다. 약속어음은 2025년 6월 6일자이며, 연 7%의 이자율이 적용되고 2026년 6월 6일 이후 만기가 도래합니다.
대출은 회사 임원 및 이사 등 관계자 및 비관계자로부터 제공되었습니다. 발행된 주식은 4개월간의 보호예수 기간이 적용됩니다. 이 거래는 TSXV 정책 5.9 및 MI 61-101에 따른 관련 당사자 거래로 분류되나, 회사는 평가 및 소수 주주 승인 요건에서 면제됩니다.
Sylla Gold Corp. (TSXV : SYG) (OTC : SYGCF) a reçu l'approbation de la TSX Venture Exchange pour émettre 599 998 actions ordinaires au prix de 0,015 $ par action, liées à des billets à ordre non garantis d'une valeur de 45 000 $. Les billets, datés du 6 juin 2025, portent un taux d'intérêt annuel de 7 % et sont exigibles après le 6 juin 2026.
Les prêts ont été accordés par des prêteurs liés et indépendants, certains étant des administrateurs et dirigeants de la société. Les actions émises sont soumises à une période de blocage de quatre mois. La transaction est considérée comme une opération entre parties liées selon la politique 5.9 de la TSXV et le MI 61-101, bien que la société soit exemptée des exigences d'évaluation et d'approbation par les actionnaires minoritaires.
Sylla Gold Corp. (TSXV: SYG) (OTC: SYGCF) hat die Genehmigung der TSX Venture Exchange erhalten, 599.998 Stammaktien zu einem Preis von 0,015 $ pro Aktie im Zusammenhang mit ungesicherten Schuldscheinen im Wert von 45.000 $ auszugeben. Die Schuldscheine, datiert auf den 6. Juni 2025, tragen einen jährlichen Zinssatz von 7% und sind nach dem 6. Juni 2026 fällig.
Die Darlehen wurden sowohl von nahestehenden als auch unabhängigen Kreditgebern bereitgestellt, darunter einige Direktoren und leitende Angestellte des Unternehmens. Die ausgegebenen Aktien unterliegen einer viermonatigen Haltefrist. Die Transaktion gilt gemäß TSXV-Richtlinie 5.9 und MI 61-101 als Transaktion mit verbundenen Parteien, wobei das Unternehmen von den Anforderungen zur Bewertung und Zustimmung durch Minderheitsaktionäre befreit ist.
- None.
- Small financing amount indicates potential cash constraints
- Related party transaction with company insiders as lenders suggests possible difficulties in securing external funding
Bedford, Nova Scotia--(Newsfile Corp. - July 25, 2025) - Sylla Gold Corp. (TSXV: SYG) (OTC Pink: SYGCF) ("Sylla" or the "Company") announces that, further to its press release of June 6, 2025, the TSX Venture Exchange (the "TSXV") has approved the issuance of an aggregate of 599,998 common shares (each, a "Common Share") in the capital of the Company at a deemed price of
All Common Shares issued in connection with the Notes are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
The issuance of the Common Shares constitutes a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as certain Lenders are directors and/or officers 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 Note does not exceed
For more information, please contact:
Regan Isenor
President and Chief Executive Officer
Tel: (902) 233-4381
Email: risenor@syllagold.com
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 release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260139
FAQ
What is the interest rate and maturity date for Sylla Gold's (SYGCF) new promissory notes?
How many shares is Sylla Gold (SYGCF) issuing in connection with the promissory notes?
What is the hold period for the new shares issued by Sylla Gold (SYGCF)?
Why doesn't Sylla Gold (SYGCF) need minority shareholder approval for this transaction?
