Carlyle Acquires Mineral Exploration Company

  • 📰 mining
  • ⏱ Reading Time:
  • 12 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

Business News

Carlyle has announced the acquisition of a mineral exploration company in a debt settlement deal worth $39,750. The deal sees Carlyle issue shares to the insider parties involved as payment for their outstanding debt.

Vancouver, British Columbia-- -") of the Company and a consultant of the Company as payment of debt in the aggregate amount of $39,750 . The issuance of the Shares to the Insiders is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5 as the Company's Shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will complete the Debt Settlement as anticipated.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in BUSİNESS

Business Business Latest News, Business Business Headlines