Seeley Holdings Ltd. Engages in Strategic Debt Settlement Deal
Overview of Seeley Holdings Ltd.'s Recent Agreement
In recent developments, Seeley Holdings Ltd. has taken a significant step by entering into an agreement with Pasinex Resources Limited. As part of this agreement, they will convert a total principal amount of $1,116,636.85 of debt into common shares. This transaction represents a savvy financial maneuver designed to enhance the company's position in the market and solidify its investment strategy.
Details of the Debt Settlement Transaction
The Debt Settlement Transaction involves the issuance of 14,888,491 Common Shares at a price of $0.075 per share. Such strategic actions are not only aimed at recovering the debt owed but bolster the ownership stake in Pasinex, showcasing Seeley Holdings Ltd.'s commitment to its investment goals.
Impact on Shareholding Structure
Before this transaction, Seeley Holdings Ltd. and its president, Kevin Seeley, held 7,630,776 Common Shares, equating to about 5.3% of the total outstanding shares. Post-transaction, the shareholding percentage will rise to approximately 13.0%, reflecting an increased influence and interest in the company's future prospects.
Investment Intentions Behind the Acquisition
The Common Shares acquired are primarily for investment purposes. The intention to further evaluate and potentially adjust holdings in the future demonstrates a proactive investment strategy. This flexibility allows Seeley Holdings to make informed decisions regarding its share of the market.
Regulatory Compliance and Reporting
As per regulatory requirements, Seeley Holdings is committed to transparency. The announcement is issued under National Instrument 62-103, which necessitates an Early Warning Report. This report will clear outlines the transaction's details and will be available through the appropriate channels.
About Seeley Holdings Ltd.
Founded with a vision to enhance industry standards, Seeley Holdings Ltd. continues to make strides in its investment capabilities. Led by experienced professionals, the company stays focused on maximizing shareholder value through strategic partnerships and investments.
Contact Information
For direct inquiries regarding the recent announcement or further details, Kevin Seeley can be reached at 1 (705) 737 7303. Customer engagement is crucial to Seeley Holdings, and they encourage questions and discussions about their investment strategies.
Frequently Asked Questions
What is the purpose of Seeley Holdings' recent agreement?
The agreement aims to convert debt into equity, solidifying the company's investment position in Pasinex Resources Limited.
How many shares will Seeley Holdings acquire?
Seeley Holdings will acquire 14,888,491 Common Shares as part of the settlement.
What percentage of ownership will Seeley Holdings have post-transaction?
Post-transaction, Seeley Holdings will own approximately 13.0% of the outstanding shares of Pasinex Resources Limited.
What does the company intend to do with the acquired shares?
Seeley Holdings plans to hold the shares for investment purposes and to evaluate their holdings regularly.
How is Seeley Holdings ensuring regulatory compliance?
The company is adhering to National Instrument 62-103 and will file an Early Warning Report concerning the transaction.
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