Sehr interessant was der Aktionär, Investor und Boardmitglied von Electric da so macht. Auch hier haben wir eine krasse Unterbewertung vorliegen.
Large Electric Royalties Shareholder Utilizes Takeover Bid Exemption, Enabling Additional Open Market Purchases
CHARLOTTE, NC / ACCESSWIRE / February 1, 2024 / Stefan Gleason announced today he has begun a series of exempt open market purchases of common shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (the "Company"), which have recently taken his direct and indirect ownership stake above 20% of the Company's issued and outstanding common shares.
Gleason is utilizing the "Normal Course Purchase Exemption" in National Instrument 62-104 -Take-Over Bids and Issuer Bids which permits additional share purchases without triggering a takeover bid requirement so long as the acquisitions within any 12-month period do "not exceed 5% of the securities of that class outstanding at the beginning of the 12-month period."
"With important developments recently announced in connection with several of the Company's larger royalties, especially Battery Hill, Seymour Lake, and Mont Sorcier, I am pleased to place bids in the market to make additional share purchases and bolster further my overall investment in the Company," said Gleason.
"Meanwhile," he continued, "the million-acre package of prospective lithium properties under the recent LOI potentially creates both near-term cash flow from scheduled option payments and a large number of new royalties, adding even more sizzle to the Company's royalty portfolio."
Stefan Gleason is a Charlotte-based entrepreneur who leads several privately held businesses in the United States, including Money Metals Exchange LLC. Money Metals is one of the largest precious metals dealers and depositories in North America with over C$1 billion in annual revenues.
Gleason was elected a Director of the Company at the recent annual meeting in December. His family office, Gleason & Sons LLC, recently committed to provide an expanded C$10 million convertible loan to the Company to enable it to continue acquiring assets without raising equity and diluting existing shareholders. The loan commitment is subject to the parties entering into an Amended and Restated Loan Agreement reflecting the modified terms and any third party approvals.
Desaster bei Solis Minersls wie ich finde. Viel Werbung und Gepushe und Interviews. Was ist bisher in Brasilien passiert. Nur Mieten wurden bisher gebohrt. Auch auf der 2 Liegenschaft nichts getroffen.Aktuell sind noch Bohrlöcher offen und man sucht schon nach neuen Liegenschaften. Noch 7 Mio in der Kasse. Da wurden jetzt insgesamt 3 bis 4 Millionen verpulvert. Viel zu viel Geld für nichts.
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