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Red Metal Resources Announces Management Changes, Proposed Consolidation and Debt Restructuring

Red Metal Resources Announces Management Changes, Proposed Consolidation and Debt Restructuring

Red Metal Resources宣布管理层变动、拟议的整合和债务重组
newsfile ·  05/11 01:14

Vancouver, British Columbia--(Newsfile Corp. - May 11, 2024) - RED METAL RESOURCES LTD. (CSE: RMES) (OTC Pink: RMESF) ("Red Metal" or the "Company") is pleased to announce that Gregg Jensen and Marian Myers, P.Geo., have been appointed to the board of directors of the Company, effective May 10, 2024, to fill vacancies created by the resignations of Jeffrey Cocks and Joao (John) Da Costa from the board of directors. The Company thanks Messrs. Cocks and Da Costa for their services as directors of the Company and wishes them all the best in their future endeavors. Following the appointments, the board of directors now consists of Caitlin Jeffs, P.Geo., Cody McFarlane, Michael Thompson, P.Geo., Gregg Jensen and Marian Myers, P.Geo.

不列颠哥伦比亚省温哥华--(新闻档案公司,2024年5月11日)-RED METAL RESOURCES LTD.(CSE:RMES)(场外交易链接:RMESF)(”红色金属“或者”公司“)高兴地宣布,P.Geo的格雷格·詹森和玛丽安·迈尔斯已被任命为公司董事会成员,自2024年5月10日起生效,以填补因杰弗里·考克斯和若昂(约翰)达科斯塔辞去董事会职务而产生的空缺。公司感谢考克斯先生和达科斯塔先生作为公司董事所提供的服务,并祝愿他们在未来的工作中一切顺利。任命后,董事会现在由凯特琳·杰夫斯、P.Geo.、科迪·麦克法兰、迈克尔·汤普森、P.Geo.、格雷格·詹森和P.Geo的玛丽安·迈尔斯组成。

Director and Management Changes

董事和管理层变动

In addition, Caitlin Jeffs, P.Geo. has decided to step down from her management positions as President, CEO and Corporate Secretary of the Company and is excited to transition such management roles to Gregg Jensen who assumed such leadership positions effective as of May 10, 2024.

此外,P.Geo. 的凯特琳·杰夫斯已决定辞去公司总裁、首席执行官兼公司秘书的管理职务,并很高兴将此类管理职位移交给格雷格·詹森,后者自2024年5月10日起担任此类领导职务。

The Company also announces the appointment of Brian Gusko as VP-Finance and Marian Myers, P.Geo., as Project Manager.

该公司还宣布任命布莱恩·古斯科为财务副总裁,P.Geo的玛丽安·迈尔斯为项目经理。

Gregg Jensen

格雷格·詹森

Gregg Jensen has over 25 years' experience in finance, capital markets and business management spanning several industries from technology, mining, engineering, to professional services. Most recently, Mr. Jensen was a director of Lomiko Metals Inc., a graphite and lithium exploration company from December 2020 to December 2021.

Gregg Jensen在金融、资本市场和企业管理领域拥有超过25年的经验,涵盖科技、采矿、工程和专业服务等多个行业。最近,詹森先生在 2020 年 12 月至 2021 年 12 月期间担任石墨和锂勘探公司 Lomiko Metals Inc. 的董事。

Marian Myers, P.Geo.

玛丽安·迈尔斯,P.Geo

Marian Myers, P.Geo, has a M.Sc (Geology) from the University of the Witwatersrand, South Africa and has 35 years' experience working for a wide array of major and junior mining companies including Gold Fields (GFI), Anglo American (A.L.), AngloGold (AU), Balmoral Resources and Cardero Resource Corp. Ms. Myer's breadth of international experience has taken her from her home town near Johannesburg, South Africa to work on projects in Ghana, Zimbabwe, Australia, Alaska, Peru, Chile and now Canada where she resides in Vancouver. She specializes in the GIS integration of geochemical, geophysical and geological information, including historical data sets with expertise in QA/QC procedures, field data collection supervision, and assessment and technical report development.

P.Geo Marian Myers拥有南非威特沃特斯兰德大学理学硕士学位(地质学),在包括金田(GFI)、英美资源(A.L.)、AngloGold(澳大利亚)、巴尔莫勒尔资源和卡德罗资源公司在内的众多大型和初级矿业公司工作了35年。迈尔女士的广泛国际经验使她离开了南约翰内斯堡附近的家乡非洲将在加纳、津巴布韦、澳大利亚、阿拉斯加、秘鲁、智利以及现在的加拿大参与项目,她居住在温哥华。她专门从事地球化学、地球物理和地质信息的地理信息系统整合,包括具有质量保证/质量控制程序、现场数据收集监督以及评估和技术报告编写方面的专业知识的历史数据集。

Brian Gusko

布莱恩·古斯科

Brian Gusko has an MBA from the University of Calgary, and attended the European Summer School of Advanced Management. Mr. Gusko has over 15 years' experience in capital markets and has helped raise over $75 MM for various enterprises. He has served on the board and as Chief Financial Officer of various private and public companies. Mr. Gusko has assisted with the interlisting of over 10 companies on the Frankfurt Stock Exchange and has helped numerous companies access German capital markets. Previously Mr. Gusko was Chief Financial Officer of private and public companies. The last company he helped take public on the CSE had a market capitalization of over $200M at the time of listing.

Brian Gusko 拥有卡尔加里大学工商管理硕士学位,并曾就读于欧洲高级管理暑期学校。古斯科先生在资本市场拥有超过15年的经验,曾帮助多家企业筹集了超过7500万美元的资金。他曾在多家私营和上市公司的董事会任职和首席财务官。古斯科先生曾协助10多家公司在法兰克福证券交易所上市,并帮助许多公司进入德国资本市场。古斯科先生此前曾担任私营和上市公司的首席财务官。他帮助的最后一家在CSE上市的公司在上市时的市值超过2亿美元。

Proposed Consolidation

拟议的合并

The Company announces that it intends to complete a consolidation of its issued and outstanding common shares (each, a "Share") on the basis of three (3) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation").

该公司宣布,它打算完成其已发行和流通普通股的合并(每股为”分享“)以三(3)股合并前股份换取一(1)股合并后股份(”合并“)。

It is anticipated that the Consolidation will reduce the number of outstanding Shares from 54,866,625 Shares to approximately 18,288,875 post-consolidated Shares, subject to adjustment for rounding. The Board of Directors of the Company believes that the Consolidation of the Shares will enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan.

预计合并将使已发行股票的数量从54,866,625股减少到合并后的约18,288,875股,但须根据四舍五入进行调整。公司董事会认为,股份合并将增强公司作为一项投资的适销性,使公司能够更好地筹集执行公司业务计划所需的资金。

The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release. The Company has set May 24, 2024 as the proposed record date for the Consolidation.

该公司无意更改与拟议合并相关的名称或当前交易代码。合并的生效日期将在随后的新闻稿中公布。该公司已将2024年5月24日定为合并的拟议记录日期。

No fractional post-consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a post-consolidated Share will be rounded down to the nearest whole number of post-consolidated Shares and no cash consideration will be paid in respect of fractional shares.

合并后不会发行任何部分股票。原本有权获得合并后股份一小部分的股东将四舍五入至最接近的合并后股票整数,对于零碎股份,将不支付任何现金对价。

The exercise price and number of Shares of the Company issuable upon the exercise of outstanding options and warrants will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.

行使未偿还期权和认股权证时本公司的行使价和可发行的股份数量将在拟议合并实施后根据其条款按比例进行调整。

The Company will be obtaining a new CUSIP and ISIN number in connection with the Consolidation. The new CUSIP and ISIN numbers will be disclosed in a subsequent news release. The Company anticipates that the CSE will issue a bulletin to dealers advising of the Consolidation and effective date of trading on a consolidated basis.

该公司将获得与整合有关的新CUSIP和ISIN号码。新的CUSIP和ISIN号码将在随后的新闻稿中披露。该公司预计,CSE将向交易商发布公告,就合并和合并交易的生效日期提供建议。

Restructuring of Certain Debt

某些债务的重组

The Company also wishes to announce that it has restructured certain debt (the "Restructuring") in the amount of $1,911,451.33 (the "Debt") owed to certain directors (at the time) and arm's length parties (the "Creditors"). In connection with the foregoing, the Company entered into a debt restructuring agreement (the "Debt Agreement") with the Creditors. Pursuant to the Debt Agreement, the Creditors agreed to forgive a certain portion of the Debt and to restructure the repayment of the balance by the Company. The Debt will accrue interest at a rate of 8% per annum, and will be repaid over a period of 60 months in installment payments every six (6) months, commencing on the date that is six (6) months from the date of the Debt Agreement.

该公司还希望宣布,它已经重组了某些债务(”重组“) 金额为 1,911,451.33 美元(”债务“) 欠某些董事(当时)和独立方(”债权人“)。关于上述内容,公司签订了债务重组协议(”债务协议“)与债权人一起。根据债务协议,债权人同意免除债务的某一部分,并重组公司对余额的偿还安排。债务将按每年8%的利率累计利息,并将从债务协议签订之日起的六(6)个月内每六(6)个月分期偿还一次,为期60个月。

The Restructuring is a "Related Party Transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI61-101") as each of Caitlin Jeffs, a current director, Joao (John) Da Costa, a former director, and Richard Jeffs, the Company's major shareholder, are parties to the Debt Agreement. The Restructuring is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the exemption set out section 5.5(g) and section 5.7(1)(e) of MI61-101, respectively, on the basis of the "financial hardship" exemption therein. The Debt Agreement was approved by the independent directors of the Company.

重组是多边文书61-101所指的 “关联方交易”- 在特殊交易中保护少数证券持有人 (”MI61-101“)现任董事凯特琳·杰夫斯、前董事若昂(约翰)达科斯塔和公司主要股东理查德·杰夫斯都是债务协议的当事方。根据 MI61-101 第 5.5 (g) 条和第 5.7 (1) (e) 条分别规定的豁免,重组不受密歇根州61-101的正式估值和少数股东批准要求的约束,其基础是其中的 “财务困难” 豁免。债务协议已获得公司独立董事的批准。

About Red Metal Resources Ltd.

关于红金属资源有限公司

Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing copper-cobalt-gold assets in Chile. The Company's projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the CSE under the symbol RMES and on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF.

Red Metal Resources是一家矿产勘探公司,专注于通过收购、勘探和开发智利的铜钴金资产来实现增长。该公司的项目位于智利沿海山脉多产的坎德拉里亚氧化铁铜金(IOCG)地带。Red Metal在CSE上以RMES的代码进行报价,在场外粉红市场的场外交易链接另类交易系统上以RMESF的代码进行报价。

For more information, visit

欲了解更多信息,请访问

Contact:
Red Metal Resources Ltd.
Gregg Jensen, CEO
1-866-907-5403
gregg.jensen@redmetalresources.com

联系人:
红金属资源有限公司
首席执行官格雷格·詹森
1-866-907-5403
gregg.jensen@redmetalresources.com

Forward-Looking Statements - All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws including, without limitation statements related to the Consolidation, timing thereof, and description of its exploration plans. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, ability to raise adequate financing, receipt of required approvals and unprecedented market and economic risks associated with current unprecedented market and economic circumstances, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR+ profile at a. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

前瞻性陈述- 本新闻稿中的所有陈述,除历史事实陈述外,均为适用证券法所指的 “前瞻性信息”,包括但不限于与合并、合并时间及其勘探计划描述相关的陈述。Red Metal提供前瞻性陈述的目的是传达有关当前预期和未来计划的信息,并提醒读者,此类陈述可能不适用于其他目的。就其性质而言,这些信息存在固有的风险和不确定性,这些风险和不确定性可能是一般性的,也可能是具体的,有可能导致预期、预测、预测、预测或结论不准确,假设可能不正确,目标、战略目标和优先事项无法实现。这些风险和不确定性包括但不限于勘探发现、结果和建议、筹集充足资金的能力、获得所需批准以及与当前前所未有的市场和经济环境相关的前所未有的市场和经济风险,以及Red Metal在其SEDAR+简介下的公开文件中发现和报告的风险和不确定性 一个。尽管Red Metal试图确定可能导致实际行动、事件或结果与前瞻性信息中描述的重大差异的重要因素,但可能还有其他因素导致行动、事件或结果不符合预期、估计或预期。无法保证此类信息会被证明是准确的,因为实际结果和未来事件可能与此类陈述中的预期存在重大差异。除非法律要求,否则Red Metal不承担任何更新或修改任何前瞻性信息的意图或义务,无论是由于新信息、未来事件还是其他原因。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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