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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Deer Horn Capital Inc | CSE:DHC | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.075 | 0.07 | 0.50 | 0 | 01:00:00 |
Deer Horn also announces that it has amended the terms to effect a debt conversion to settle an aggregate of $109,125 owing to consultants, lenders and other creditors, including some insiders. The debt conversion will result in the issuance of an aggregate of 2,182,500 units of the Company at a deemed price of $0.05/unit. Each unit consists of one common share and one common share purchase warrant exercisable at $0.10 per warrant share for a period of two years following the close the settlement. The settled debt will include the issuance of 800,000 shares (approx. 3.4% of Deer Horn’s then issued shares, assuming completion of the private placement and the debt conversions) to a private company owned by Tyrone Docherty, the CEO, President and a director of the Company to settle $40,000 debt; and 50,000 shares (approx. 0.2% of Deer Horn’s then-issued shares, assuming completion of the private placement and all debt conversions) to Pamela Saulnier, CFO of the Company, to settle $5,000 debt. The debt settlements to Mr. Docherty and Ms. Saulnier will be related party transactions as defined in Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the formal valuation requirement and the shareholder approval requirement of MI 61-101.
About Deer Horn CapitalDeer Horn Capital is committed to exploring for, and providing, strategic and critical metals vital to a low-carbon economy and for the advancement of technology. The Company’s leadership has a track record of project monetization with a board and advisory group that includes industry leaders in finance, mineral property development, geology, mineralogy, solar power, engineering, research and First Nations engagement and economic development.
On behalf of the board of directors ofDeer Horn Capital Inc. “Tyrone Docherty” Tyrone DochertyPresident and CEO | For further information please contact: Tyrone Docherty604.789.5653tyrone@deerhorncapital.ca |
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking informationAll statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.
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