PMB Partners LP files early warning report in relation to disposition of common shares of
Toronto, Ontario–(Newsfile Corp. – January 14, 2022) – Andean Precious Metals Corporation () (OTCQB: ANPMF) (“Andean” or the “Company“), a leading Latin American precious metals producer, announces that it has executed the planned disposition of a total of approximately 8,000,000 common shares (“Common Shares“) of Andean by the founding shareholders of the Company, including 6,000,000 Common Shares sold by PMB Partners LP (“PMB“). This disposition is part of a structured initiative by Andean to increase the free float of the Company and to promote liquidity of its Common Shares. Since listing in March of 2021, Andean has placed approximately 24,000,000 common shares from the founding shareholders, increasing free float by more than 15%.
This press release is being issued in connection with the filing of an early warning report (the “Early Warning Report“) pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues regarding the disposition of Common Shares ofby PMB. Andean’s head office is located at 1500 Royal Centre, 1055 West Georgia Street, P.O. Box 11117, Vancouver, BC, V6E 4N7.
PMB is an Ontario limited partnership with its head office located at 22 Adelaide Street West, Suite 3400, Toronto, ON, M5H 4E3.
On January 13, 2022, PMB disposed of ownership and control of 6,000,000 Common Shares through the facilities of the TSX Venture Exchange (the “Disposition“). The average consideration received per Common Share under the Disposition was C$1.6614, for total consideration received of C$9,968,341. The completion of the Disposition together with other acquisitions of Common Shares by PMB since PMB’s early warning report filed on March 19, 2021 (the “Prior Report“) resulted in a 1.96% decrease in PMB’s Common Share holding from the 52.43% holding reported in the Prior Report.
Immediately prior to the Disposition, PMB beneficially owned 85,468,750 Common Shares, representing approximately 54.28% of the issued and outstanding Common Shares on a non-diluted basis. Immediately following the completion of the Disposition, PMB beneficially owned 79,468,750 Common Shares, representing approximately 50.46% of the issued and outstanding Common Shares on a non-diluted basis.
PMB sold the securities as part of structured initiative by Andean to increase free float and to promote liquidity. PMB may depending on market and other conditions, increase or decrease its beneficial ownership in Andean’s securities, whether in transactions over the open market, by privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
The Early Warning Report will be filed by PMB on SEDAR in accordance with applicable securities laws. To obtain a copy of the Early Warning Report, please contact Andean’s Chief Financial Officer, Jeff Chan by email at [email protected] or by phone at 647-480-1550.
Andean Precious Metals (www.andeanpm.com.) (OTCQB: ANPMF) is a Canadian, growth-focused silver producer that owns and operates the San Bartolomé project located in the department of Potosí, Bolivia. San Bartolomé has been operating consistently since 2008, producing an average of over five million ounces of silver per year. The Company is also exploring its wholly-owned San Pablo and Rio Blanco gold projects and seeking other accretive opportunities in Bolivia and Latin America. Andean Precious Metals is committed to fostering safe, sustainable and responsible operations. For more information, please visit
T: +1 647 480 1550
Investor Contact N.A.
NATIONAL Capital Markets
T: +1 416 848 1715
Media Contact Eur.
T: +44 20 7920 3150
Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110117
Pretivm Securityholders Approve Acquisition by Newcrest
Melbourne, Australia–(Newsfile Corp. – January 20, 2022) – Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) (Newcrest) is pleased to announce…
Melbourne, Australia–(Newsfile Corp. – January 20, 2022) –(ASX: NCM) ( ) (PNGX: NCM) (Newcrest) is pleased to announce that ( ) (NYSE: PVG) (Pretivm) shareholders and optionholders (Securityholders) have voted overwhelmingly in favour of the special resolution to approve the plan of arrangement under which Newcrest will acquire Pretivm, including the Brucejack mine (the Transaction).
The special resolution was approved by 95.48% of the votes cast by Pretivm Securityholders at the special meeting held today.
Pretivm shareholders that did not elect cash or Newcrest shares will receive the default consideration of 50% cash and 50% Newcrest shares, being C$9.25 in cash and 0.4042 Newcrest shares per Pretivm share. For other shareholders, after proration and by operation of the aggregate cap of 50% cash and 50% Newcrest share consideration:
- Pretivm shareholders electing to receive maximum cash consideration will receive approximately C$10.81 in cash and 0.3357 Newcrest shares per Pretivm share; and
- Pretivm shareholders electing to receive maximum share consideration will receive 0.8084 Newcrest shares per Pretivm share.
Completion of the Transaction remains subject to final approval by the Toronto Stock Exchange, the granting of the final order by the Supreme Court of British Columbia at a hearing which is scheduled for 25 January 2022, and approval under the Investment Canada Act. Completion of the Transaction is currently expected to occur in the March quarter 2022.
Newcrest’s Managing Director and Chief Executive Officer, Sandeep Biswas, said, “It’s pleasing to see the overwhelmingly positive support for the Transaction from Pretivm shareholders. This acquisition positions Newcrest as the leading gold miner in British Columbia’s Golden Triangle, operating both the Brucejack and Red Chris mines. This is an exciting time for Newcrest and we look forward to building on Pretivm’s success to unlock further value in and around the Brucejack operation.”
Authorised by the Newcrest Disclosure Committee
For further information please contact
+61 3 9522 5570
+61 450 541 389
North American Investor Enquiries
+1 866 396 0242
+61 403 435 222
+61 3 9522 4263
+61 407 885 272
This information is available on our website at www.newcrest.com
Forward Looking Statements
This document includes forward looking statements and forward looking information within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “targets”, “outlook” and “guidance”, or other similar words and may include, without limitation, statements regarding certain plans, strategies, aspirations and objectives of management, and the expected completion of the Transaction. Newcrest continues to distinguish between outlook and guidance. Guidance statements relate to the current financial year. Outlook statements relate to years subsequent to the current financial year.
These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Newcrest’s expectation of completion of the Transaction and the expected benefits of the transaction with www.asx.com.au under the code “NCM” and on Newcrest’s SEDAR profile. Newcrest does not undertake to update any of the forward looking statements other than as required by relevant securities laws.to differ materially from that expressed or implied by these forward-looking statements. Relevant factors may include, but are not limited to, regulatory risk, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which Newcrest operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. For further information as to the risks which may impact on Newcrest’s results and performance, please see the risk factors included in the Appendix 4E and Financial Report for the year ended 30 June 2021 and the Annual Information Form dated 6 December 2021 which are available to view at
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111073
Carlyle Files Petition with Supreme Court of British Columbia in Connection with Its Notice of Work Application for the Newton Project and Provides Corporate Updates
Vancouver, British Columbia–(Newsfile Corp. – January 20, 2022) – CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE:1OZA) (OTC Pink: DLRYF) ("Carlyle" or the…
Vancouver, British Columbia–(Newsfile Corp. – January 20, 2022) –( ) (FSE:1OZA) (OTC Pink: DLRYF) (“Carlyle” or the “Company“) announces that it has filed a petition and supporting affidavits with the Supreme Court of British Columbia (the “Petition“) in connection with the Company’s Notice of Work and Reclamation Program permit application (the “Permit Application“) for a 5-year, area-based permit to conduct exploration activities on its 100% Newton Project located in the Clinton Mining Division of the Province of British Columbia (the “Newton Project“) held through its wholly-owned subsidiary Isaac Newton Mining Corp.
The Newton Project Petition
The Newton project has been the subject of at least seven previous exploration permits, comprising more than 30,000 m of exploration drilling costing more than $12,000,000. Yet following its acquisition by Carlyle and the filing of the Permit Application on February 10, 2021, the Company has experienced significant delays with the Ministry of Energy, Mines and Low Carbon Innovation (the “Ministry“). The Ministry has tied these delays to a Strategic Engagement Agreement (the “SEA“) entered into between the Province of BC and the Tsilhqot’in Nation. Neither Carlyle nor the prior owners of the Newton Project are party to the SEA.
The Petition seeks declarations from the Court that the SEA does not affect the existing law regarding the Crown’s duty to consult Indigenous groups, it does not displace obligations of procedural fairness owed to Carlyle and that Carlyle’s rights have been violated. It also seeks a declaration that the SEA improperly interferes with the exercise of discretion by the Chief Permitting Officer (or delegate) and it asks the Court to order the Chief Permitting Officer (or delegate) to make a decision on the Permit Application without further delay.
Morgan Good, President and Chief Executive Officer of Carlyle, commented: “It is deeply concerning that after nearly a year this permit has still not yet been issued, and the ministry can’t point to any substantive issue that is causing the delay. We believe Carlyle has made all reasonable efforts to work constructively with both the Ministry and the Tsilhqot’in Nation, and that it has been left with no choice but to seek the Court’s assistance. While we fully respect the Crown’s duty to consult Indigenous groups, the Crown must still follow the law and it must not lose sight of the legal rights and interests of third parties.”
Change to Board of Directors
The Company also announces the resignation of Mike Blady from its board of directors (the “Board“). The Company thanks Mr. Blady for his many efforts and support over the years and wishes him all the best with his future endeavours.
In turn, Carlyle would like to announce and welcome Mr. Jeremy Hanson as its newest member of the Board. Mr. Hanson is a professional geoscientist and has over a decade of experience in mineral exploration throughout Canada. He is the founder of Hardline Exploration Corp, a geological consulting firm focused out of Western Canada. Mr. Hanson is a Director and VP Exploration forCorp, Technical Advisor for Inc, as well as a director of the Smithers Exploration Group. He graduated with a B.Sc. Hons with distinction from Simon Fraser University and brings a strategic mindset to every project.
Amendment to Sunset Property Agreement
Carlyle also announces that it has entered into an amending agreement (the “Amending Agreement“) to amend the terms of its option agreement dated November 7, 2018, as amended on May 9, 2018, May 25, 2018, June 25, 2018, April 24, 2020 and July 29, 2021 (collectively, the “Option Agreement“), whereby the Company has an option to earn a 100% interest in the Sunset mineral property, located in the Vancouver Mining Division of the Province of British Columbia (the “Sunset Property“). Under the terms of the Amending Agreement, the Company has extended the second and third scheduled payments of exploration expenditures respectively on the Sunset Property to December 31, 2022 (as to $200,000) and December 31, 2023 (as to $700,000). A copy of the Amending Agreement has been filed under Carlyle’s profile on SEDAR.
Carlyle Completes Consultant Issuances
Further to the Company’s news release dated July 30, 2021, the Company announces that it has completed the respective share issuances owing to a certain consultant of Carlyle (the “Consultant“) under the terms of an independent consultant agreement (the “Consultant Agreement“) dated July 5, 2021 between the Company and the Consultant. Accordingly, an aggregate of 842,647 common shares (each, a “Share“) in the capital of the Company were issued in accordance with the terms of the Consultant Agreement. For additional information on the Consultant Agreement, see the Company’s news release dated July 30, 2021, filed under Carlyle’s profile on SEDAR. For more information on the Share issuances please see the Company’s Form 9 dated January 5, 2022, filed on the CSE website.
All of the Shares were issued pursuant to the prospectus exemption contained in section 2.24 of National Instrument 45-106 – Prospectus Exemptions and are not subject to trading restrictions pursuant to the provisions of National Instrument 45-102 – Resale of Securities (“NI 45-102“) since the criteria contained in section 2.6(3) of NI 45-102 were met and since the Company received written approval from the Canadian Securities Exchange (“CSE“) to issue the Shares without the hold period pursuant to section 1.4(a) of CSE Policy 6.
Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. Carlyle owns 100% of the Newton Gold Project in the Clinton Mining Division of B.C. The Company has an option to earn a 100% interest in the Cecilia Gold-Silver Project located in the State of Sonora, Mexico. The Company also holds an option to earn a 100% interest in the promising Sunset property located in the Vancouver Mining Division near Pemberton, B.C. Carlyle is based in Vancouver, B.C., and is listed on the CSE under the symbol “CCC”.
ON BEHALF OF THE BOARD OF DIRECTORS OF
President and Chief Executive Officer
For more information regarding this news release, please contact:
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, the approval, timely or otherwise, of the Permit Application and any plans for further exploration at the Newton Project. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements involve many known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include the inability of the Company to obtain approval by the Ministry of its Permit Application, execute its proposed business plans, and carry out planned future activities, including, but not limited to, those relating to the further exploration of the Newton Project. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of gold or other precious metals, changes in the financial markets and in the demand for gold or other precious metals, changes in laws, regulations and policies affecting the mineral exploration industry, and risks related to the Company’s investments and operations in the mineral exploration sector, as well as the risks and uncertainties which are more fully described in the Company’s annual and quarterly management’s discussion and analysis and other filings made by the Company with Canadian securities regulatory authorities under the Company’s profile at www.sedar.com. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111056
Eric Sprott Announces Disposition of Holdings in Benchmark Metals Inc.
Toronto, Ontario–(Newsfile Corp. – January 20, 2022) – Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned…
Toronto, Ontario–(Newsfile Corp. – January 20, 2022) – Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, disposed of 26,082,309 common shares of, over the TSX Venture Exchange (representing approximately 12.9% of the outstanding common shares on a non-diluted basis) at a price of $1.10 per share for aggregate consideration of approximately $28,690,540.
Mr. Sprott now owns and controls no common shares and 3,846,154 common share purchase warrants representing approximately 1.9% of the outstanding common shares on a partially-diluted basis. Prior to the disposition, Mr. Sprott beneficially owned and controlled 26,082,309 common shares and 3,846,154 common share purchase warrants (representing approximately, 12.9% on a non-diluted basis and approximately 14.6% on a partially diluted basis). The disposition resulted in an ownership change, on a partially diluted basis, of 12.7% since the last filing of an Early Warning Report and bring total holdings to under 10% on a partially diluted basis. As a result, Mr Sprott and 2176423 Ontario Limited ceased to be insiders of Benchmark Metals.
The securities noted above are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Benchmark Metals is located at 10545-45 Avenue NW, 250 Southridge, Suite 300, Edmonton, Alberta, T6H 4M9. A copy of the early warning report with respect to the foregoing will appear on the company’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111052
Canstar Joins the Newfoundland.Gold Alliance
Phoenix Gold Resources Appoints Bruce Durham as Executive Chairman
AbraSilver Drills 61m at 2.71 g/t AuEq (190 g/t AgEq)
Falcon Gold Increases Investment in Central Newfoundland’s Gold Rush By Acquiring Property Adjacent to Sassy Resources
Silver Elephant Drills Paca Silver Project in Bolivia, Assays Expected in Early February
Ucore Recaps its 2021 Rare Earth Supply Chain Groundwork Accomplishments and Outlines Direction for 2022
Golden Tag Drills 272 g/t Ag.Eq over 7.8 m & 100 g/t Over 322.9 m Extending Endoskarn Zone 50 m SW
Exploits Completes Little Joanna Drilling and 2022 Exploration Program Update
Anaconda Mining Files The Positive Phase I Open Pit Feasibility Study For The Goldboro Gold Project
Torex Gold Provides 2022 Guidance for El Limón Guajes
Precious Metals15 hours ago
What’s Behind the Latest Rally in Gold Stocks?
Precious Metals15 hours ago
Silver Stocks Surge On Continued Economic Concerns
Energy & Critical Metals12 hours ago
A Record Year Looms for Lithium – Can the Supply Crunch Derail the EV Boom?
Precious Metals12 hours ago
AbraSilver Drills 61m at 2.71 g/t AuEq (190 g/t AgEq)
Energy & Critical Metals13 hours ago
Filo Mining Reports 1,224m of 1.26% CuEq at Filo del Sol
Today’s News13 hours ago
Ucore Recaps its 2021 Rare Earth Supply Chain Groundwork Accomplishments and Outlines Direction for 2022
Economics11 hours ago
Inflation in the Crosshairs
Energy & Critical Metals15 hours ago
Lanthanum Fluoride (LaF3) Market Prime Economies Expected to Deliver Major Growth Until 2028