Press Release
Tantalex Lithium Closes Debt Settlement Agreements and Announces a Further Settlement
(via TheNewswire)
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Toronto, Ontario / TheNewswire / March 7, 2024 – Tantalex Lithium Resources Corp. (CSE:TTX) (FSE:DW8) (OTC:TTLXF) (“Tantalex” or the “Corporation“) announces that further to its news release dated February 21, 2024, it has settled various outstanding debt in the amount of CDN$5,526,398.40 (the “Debt“), effective February 28, 2024.
The Corporation owes International Cobalt Corp. (“ICC“) an amount of CDN$5,324,275.30, which stems from multiple unsecured convertible debentures of principal amounts of USD$2,100,000 and CDN$800,000 entered into between the parties in 2018 and in 2020 bearing an interest rate of 4% that became due in November of 2022, such debt is settled by issuing an aggregate of 106,485,506 common shares in the capital of the Corporation (the “Common Shares“) at a price of CDN$0.05 per Common Share and 50,000,000 common shares purchase warrants (the “Warrants“), exercisable into 50,000,000 Common Shares at a price of $0.10 for a period of thirty (30) months from issuance (the “ICC Debt Settlement“).
Moreover, the Corporation owes a consulting company and a news coverage and digital marketing service provider, CDN$113,000 and $89,123.10, respectively. The Corporation issued to each company, respectively, 2,260,000 Common Shares at a price of $0.05 per common Share and 1,782,462 Common Shares at a price of $0.05 per common Share (the “Services Debt Settlement“).
The Board of Directors has determined it is in the best interests of the Corporation to settle the outstanding Debt by the issuance of Common Shares and Warrants in order to preserve the Corporation’s cash for general working capital purposes. The issuance resulted in a new insider of the Corporation. The ICC Debt Settlement precludes ICC, together with any other voting or equity securities beneficially owned by the creditor, its associates and affiliates, directly or indirectly, from owning, or having control or direction over, 20% or more of the issued and outstanding voting securities of the Corporation on a non-diluted basis.
The Common Shares and Warrants to be issued pursuant to the ICC Debt Settlement and Services Debt Settlement will be subject to a hold period of four (4) months and one (1) day from the date of issuance.
Prior to the transactions, ICC did not own any securities of the Corporation. After giving effect to the transactions, ICC owns, directly and indirectly, 106,485,506 Common Shares, representing approximately 14.74% of the issued and outstanding Common Shares based on 718,645,821 Common Shares issued and outstanding of the Corporation and 20.29% on a partially diluted basis, based on 768,645,821 Common Shares issued and outstanding. Also, AfriMet Resources AG (“AfriMet“), the Corporation’s significant shareholder suffered a dilution as a result of the transactions without any action being taken by AfriMet. Immediately prior to the transactions, AfriMet owned 143,315,277 Common Shares of the Corporation, which represented 23.54% of the issued and outstanding Common Shares of the Corporation on a non-diluted basis. Immediately following the transactions, AfriMet’s ownership fell to 19.94% of the issued and outstanding Common Shares of the Corporation on a non-diluted basis.
This news release is being issued pursuant to National Instrument 62-103, persons who wish to obtain a copy of the early warning reports to be filed by International Cobalt Corp. and AfriMet Resources AG in connection with this transaction herein may obtain a copy of such reports from www.sedarplus.ca or by contacting the person named below.
Debt Settlement with AfriMet
The Corporation intends to settle its outstanding debt with AfriMet (the “Afrimet Debt Settlement“). The parties entered into a loan agreement on June 30, 2022, whereby AfriMet loaned a principal amount of USD$7,213,006.56, bearing an interest rate of 10% per annum (the “Loan“). Pursuant to the terms of this agreement, the interest accrued is payable during the term of the Loan. The Corporation intends to repay the interest accrued as at December 31, 2023 in the amount of USD$1,084,915 (CDN$1,464,635.56) into 29,292,711 Common Shares at a price of $0.05 per Common Share.
The Board of Directors has determined it is in the best interests of the Corporation to settle the AfriMet Debt by the issuance of Common Shares in order to preserve the Corporation’s cash for general working capital purposes.
This transaction constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“), as AfriMet is a significant shareholder. Pursuant to MI 61-101, the Corporation will file a material change report providing disclosure in relation to each “related party transaction” on SEDAR+ under the Corporation’s issuer profile at www.sedarplus.ca. The Corporation did not file the material change report more than 21 days before the expected closing date of the AfriMet Debt Settlement as the details of the agreement were not settled until shortly prior to the conclusion of the Agreement, and the Corporation wished to sign the Agreement on an expedited basis for sound business reasons. The Corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Corporation is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction, insofar as it involves the significant shareholder, is not more than the 25% of the Corporation’s market capitalization, and no securities of the Corporation are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the Corporation is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(1)(a) as the fair market value of the transaction, insofar as it involves the controlling shareholder, is not more than the 25% of the Corporation’s market capitalization.
Closing of the AfriMet Debt Settlement is subject to customary closing conditions and the Corporation intends to close as soon as practicable. Upon closing, the Corporation will make all necessary filings, including the filing of early warning report as required. The Common Shares to be issued pursuant to the AfriMet Debt Settlement will be subject to a hold period of four (4) months and one (1) day from the date of issuance.
The securities being referred to in this news release have not been, nor will they be, registered under the United States (U.S.) Securities Act of 1933, as amended, and may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Tantalex Lithium Resources Corporation
Tantalex Lithium is an exploration and development stage mining company engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa.
It is currently focused on operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program.
Cautionary Note Regarding Forward Looking Statements
This presentation includes certain statements that may be deemed forward looking statements. All statements in this document, other than statements of historical facts, which address future production, reserve potential, exploration activities and events or developments that the Corporation expects, are forward looking statements. Such forward-looking statements include, without limitation: (i) estimates of future lithium, tin and tantalum prices, supply, demand and/or production; (ii) estimates of future cash costs and revenues; (iii) estimates of future capital expenditures; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results; (vi) statements regarding cost structure, project economics, or competitive position, and; (vii) statements comparing the Corporation’s properties to other mines, projects or metals. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward- looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance, that the Corporation expressly disclaims any responsibility for revising or expanding the forward- looking statements to reflect actual results or developments, and that actual results or developments may differ materially from those projected, in the forward-looking statements, except as required by law.
For more information, please contact: Eric Allard
President & CEO Email: ea@tantalex.ca
Website: www.tantalexlithium.com Tel: 1-581-996-3007
Copyright (c) 2024 TheNewswire – All rights reserved.
COMTEX_449869129/2895/2024-03-26T15:46:09
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 17th Oct 2024, – Yijin Hardware, a key player in precision CNC machining, has announced the global expansion of its sheet metal fabrication services. This development is aimed at supporting industries worldwide with high-quality, custom-engineered metal components. By extending services to new markets, Yijin Hardware strengthens its position as a reliable manufacturing partner for sectors that require precise, durable parts, such as automotive, aerospace, and electronics.
Yijin Hardware has a long history of providing precision-engineered components, and its expansion into international markets reflects the company’s response to rising demand for reliable sheet metal fabrication services. The new offerings will include laser cutting, metal bending, welding, and a variety of other fabrication processes, designed to accommodate a wide range of industrial applications.
“Precision and quality have always been at the heart of Yijin Hardware’s operations,” said Gavin Yi, CEO of Yijin Hardware. “The expansion of sheet metal fabrication services is a natural progression in the company’s growth, enabling access to more industries worldwide that require high-performance metal components for their operations.”
The sheet metal fabrication sector has seen increasing demand as industries move towards more complex and custom-engineered solutions. Yijin Hardware’s global expansion is positioned to meet these growing needs by offering scalable services that are capable of handling both small-scale production and larger manufacturing runs. The company’s advanced facilities are equipped with the latest machinery, ensuring that each part meets precise specifications and high-quality standards.
Yijin Hardware has also invested heavily in upgrading its production infrastructure to support the increased demand from international clients. Enhancements in laser cutting, welding, and assembly operations have been key factors in enabling the company to offer a more diverse set of services globally. The ability to handle custom and high-volume orders without compromising on quality is a cornerstone of Yijin Hardware’s service offerings.
“Looking ahead, Yijin Hardware is committed to further advancing its manufacturing capabilities,” Gavin Yi added. “There are plans to introduce more cutting-edge technologies that will enhance both CNC machining and sheet metal fabrication services. These advancements will ensure the company remains well-positioned to address the evolving needs of industries in the future.”
Yijin Hardware’s expanded services will cater to industries with a need for complex, high-precision components, including automotive parts, aerospace structures, and electronic enclosures. With a focus on maintaining strict quality control throughout the production process, the company aims to provide solutions that meet exacting industry standards.
As part of its expansion strategy, Yijin Hardware continues to emphasize innovation and efficiency. These principles are expected to guide the company’s future developments as it explores new manufacturing technologies and methods. The expansion also supports the company’s vision of being a global leader in precision engineering.
For further information about sheet metal fabrication services, please contact Yijin Hardware at +1 626 263 5841 or via email at yijing@yijinsolution.com.
Media Contact
Organization: Yijin Hardware
Contact
Person: Gavin Yi
Website:
http://yijinsolution.com/
Email:
yijing@yijinsolution.com
Country:United States
The post Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide appeared first on
Brand News 24.
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 17th Oct 2024, – Yijin Hardware, a well-established provider of custom CNC machining services, has announced its expansion into global markets. The company, recognized for its precision manufacturing capabilities, aims to support international businesses in industries such as aerospace, automotive, electronics, and medical with tailored CNC solutions. This move comes as industries worldwide increasingly require high-quality, custom-manufactured components to meet modern production needs.
Yijin Hardware’s decision to extend its services beyond China reflects its commitment to addressing the needs of a broader range of industries. With years of experience in CNC machining, the company has developed a reputation for delivering reliable and precise parts to a diverse set of clients. The expansion will provide industries worldwide with access to Yijin Hardware’s capabilities, backed by advanced technology and stringent quality control.
Gavin Yi, CEO of Yijin Hardware, commented on the expansion: “This move into international markets represents a significant milestone. Yijin Hardware has always emphasized precision and reliability, and this expansion allows those same standards to be brought to clients around the world. Whether the project involves a small batch of components or a large production run, the company is prepared to meet the exacting standards required by global industries.”
Operating from its facilities in Shenzhen, Yijin Hardware manages the full lifecycle of production, from initial design to final inspection. This comprehensive approach ensures that each project is carefully monitored to meet specific client requirements. Yijin Hardware’s ability to offer customized machining solutions is seen as a key factor in its growth, particularly as companies increasingly seek specialized components for complex applications.
Previously focused primarily on the domestic market in China, Yijin Hardware’s expansion aims to deliver the same level of precision and service to international clients. By positioning itself as a global CNC machining provider, the company plans to strengthen relationships with existing partners while establishing new connections in other regions.
This global expansion comes at a time when demand for CNC machining services is rising due to the increasing complexity of product designs and the need for enhanced precision in manufacturing. As industries continue to evolve, CNC machining remains crucial to ensuring that parts meet exact specifications. Yijin Hardware has embraced this role through continuous investment in advanced equipment and machining techniques.
Looking ahead, Yijin Hardware is also focused on the future of manufacturing and its impact on sustainability. The company plans to explore new methods that reduce material waste and promote more efficient production processes. According to Gavin Yi, “As the company expands globally, attention is focused not only on immediate goals but also on contributing to long-term sustainable manufacturing. CNC machining plays a critical role in reducing waste and improving production efficiency. Yijin Hardware is committed to finding ways to make processes more environmentally friendly, to become a leader in both precision and sustainability.”
Yijin Hardware’s entry into global markets signals a broader shift in its strategy, focusing on serving a more diverse range of industries with its expertise in CNC machining. By offering international clients access to its advanced manufacturing solutions, the company aims to become a trusted partner for businesses looking to streamline production with high-quality, custom-manufactured parts.
For more information about Yijin Hardware’s global CNC machining China, inquiries can be directed via phone at +1 626 263 5841 or by email at yijing@yijinsolution.com.
Media Contact
Organization: Yijin Hardware
Contact
Person: Gavin Yi
Website:
http://yijinsolution.com/
Email:
yijing@yijinsolution.com
Contact Number: 16262635841
Country:United States
The post Yijin Hardware Offers Global CNC Machining Services from China appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Since 1978, Catoctin Veterinary Clinic has been the trusted name in veterinary care for pets in Leesburg, VA, and surrounding Loudoun County. With over four decades of service, the clinic has established itself as a premier provider of comprehensive pet healthcare, offering services that cover a broad range of pet needs—from routine wellness exams to advanced surgical interventions.
Led by a team of experienced veterinarians and supported by a dedicated staff, Catoctin Veterinary Clinic’s commitment to ensuring the health and happiness of pets remains unmatched. Voted Best Veterinary Practice in Loudoun County in 2021, 2022, 2023, and 2024, the clinic continues to set the standard for veterinary excellence.
Comprehensive Wellness and Preventative Care
The cornerstone of Catoctin Veterinary Clinic’s offerings is its commitment to wellness exams and preventative medicine, providing regular health checkups to monitor the overall well-being of pets. These essential exams allow the clinic’s veterinarians to detect early signs of potential health concerns, ensuring timely interventions that help prevent future complications. The team also stresses the importance of vaccinations, flea and tick prevention, and heartworm care as part of a long-term health strategy.
By educating pet owners and promoting preventive care measures, Catoctin Veterinary Clinic helps pet parents take proactive steps to enhance their pets’ quality of life.
Advanced Diagnostic and Treatment Services
To complement its focus on preventive care, Catoctin Veterinary Clinic offers digital radiology and ultrasound services. These advanced diagnostic tools allow veterinarians to obtain high-resolution images that help diagnose a wide array of medical conditions. With this technology, pets receive precise and timely treatments, ensuring they recover quickly and return to a healthy lifestyle.
Surgical services are another key aspect of the clinic’s offerings. The team provides safe, effective surgical procedures using state-of-the-art equipment in a sterile environment. From routine spays and neuters to more complex surgical procedures, the clinic’s veterinarians perform each surgery with the utmost care and attention to detail.
Dental Care for Pets
Oral health is critical to overall well-being, and Catoctin Veterinary Clinic offers specialized dental care to maintain and improve pets’ oral hygiene. The clinic provides thorough dental exams, cleanings, and treatments to prevent conditions like periodontal disease, which can have serious effects on a pet’s overall health. The team educates pet owners on proper dental care practices, helping to ensure that pets live healthy, comfortable lives.
Geriatric and End-of-Life Care
Understanding that the needs of pets change as they age, Catoctin Veterinary Clinic is proud to offer geriatric care services to senior pets. Through a combination of wellness exams, nutritional counseling, and regular monitoring, the clinic provides comprehensive care tailored to the needs of aging pets, helping to manage conditions like arthritis, diabetes, and cognitive dysfunction.
Additionally, end-of-life care services are offered with compassion and sensitivity. The team supports pet owners during this difficult time, offering humane and respectful euthanasia services when the time comes to say goodbye to a beloved companion. Catoctin Veterinary Clinic’s goal is to ensure that pets live out their golden years in comfort and dignity, and that they pass with peace and grace when the time comes.
Client Education and Community Involvement
Catoctin Veterinary Clinic places a strong emphasis on client education, recognizing that informed pet owners are essential to the long-term health of their pets. The team regularly shares valuable insights on pet care through educational materials, consultations, and one-on-one discussions during visits. This proactive approach empowers pet parents to take a more active role in their pets’ health and well-being.
The clinic is also deeply committed to giving back to the community. Through various initiatives and partnerships, Catoctin Veterinary Clinic actively participates in local events and supports organizations that promote animal welfare in Loudoun County.
Convenient Access and Online Services
Catoctin Veterinary Clinic makes it easy for pet owners to access the care their pets need. Located at 112 Dry Mill Road SW, Leesburg, VA, the clinic offers convenient hours, including weekend availability, to accommodate busy pet owners. In addition to in-person services, the clinic provides a comprehensive online pharmacy, allowing clients to order medications, supplements, and food for their pets from the comfort of their homes.
For added convenience, the clinic offers CareCredit, a healthcare credit card that allows pet owners to manage out-of-pocket expenses with flexible payment options.
About Catoctin Veterinary Clinic
Founded in 1978, Catoctin Veterinary Clinic has grown to become a leading veterinary practice in Leesburg, VA, and Loudoun County. With a team of highly trained veterinarians and support staff, the clinic is dedicated to providing compassionate, high-quality care to pets and their owners. The clinic offers a full range of services, including wellness exams, surgical procedures, dental care, diagnostic services, and geriatric care.
Media Contact
- Address: 112 Dry Mill Road SW, Leesburg, VA 20175
- Phone: (703) 777-8447
- Website: www.catoctinvetclinic.com
Media Contact
Organization: Catoctin Veterinary Clinic
Contact Person: Paige Blumer
Website: http://catoctinvetclinic.com/
Email: Send Email
Contact Number: +17037778447
Address: 112 Dry Mill Road , Leesburg VA 20175
Country: United States
Release Id: 18102418656
The post Catoctin Veterinary Clinic Continues to Provide Exceptional Care to Leesburg, VA Pets appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Yijin Hardware Delivers High-Quality Sheet Metal Fabrication Services Worldwide
Yijin Hardware Offers Global CNC Machining Services from China
Catoctin Veterinary Clinic Continues to Provide Exceptional Care to Leesburg, VA Pets
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