Minco gold stock price2/3/2024 Tsang for his 4 years of service and support to the Company and wishes him all the best in the future. Larry Tsang has retired as the Company's Chief Financial Officer. The Company thanks Mr. A copy of the early warning report filed by Minco Silver in connection with the acquisition of HempNova common shares will be available on HempNova's SEDAR profile. The Company will evaluate its investment in HempNova from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances required through market transactions, private agreements, or otherwise. The investment does not alter Minco Silver's business focus on exploration and development of mineral properties. Funding for the investment in HempNova was sourced from surplus cash held by Minco Silver. Minco Silver acquired the HempNova shares for investment purposes pursuant to the terms of the Subscription. The shares purchased by the Company pursuant to the Subscription represent approximately 17.72% of HempNova issued and outstanding common shares upon this Subscription closed. Immediately prior to closing of the Subscription, the Company held no shares of HempNova. Maria Tang, an independent director of Minco Silver, is also the President of HempNova. Cai, the CEO of Minco Silver, is also a director and the Chairman of the Board of HempNova, and Ms. For further details of HempNova's business and its plans for 2020, please refer to HempNova's news release dated February 24, 2020. HempNova is involved in the business of hemp processing in Oregon, USA. For further details of the HempNova private placement, please refer to HempNova's news release dated March 27, 2020. The Subscription forms part of a larger private placement conducted by HempNova. VANCOUVER, Ap/CNW/ - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV OTCQX: MISVF WKN: A0ESX5) reports that it has entered into a private placement subscription agreement with HempNova Lifetech Corporation (" HempNova") pursuant to which it has purchased 10,000,000 common shares of HempNova at a price of $0.40 per share for an aggregate subscription cost of $4,000,000 (the " Subscription").
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |