MGZ/H Mangazeya Mining Ltd

Mangazeya Mining Ltd. Announces That Its Subsidiary, 7918534 Canada Inc., Has Completed the Redemption of Its Exchangeable Shares

Toronto, Ontario--(Newsfile Corp. - May 25, 2021) - Mangazeya Mining Ltd. (TSXV: MGZ.H) ("Mangazeya" or the "Company") announces that its subsidiary, 7918534 Canada Inc. (the "Subsidiary"), has completed its previously announced redemption of its eligible issued and outstanding Exchangeable Shares. The eligible Exchangeable Shares were redeemed at a price of $0.04 per Exchangeable Share for an aggregate redemption price of CAD $5,968.16. The completed redemption of Exchangeable Shares fulfills the Subsidiary's obligation to complete the automatic redemption of such shares in accordance with their terms.

About Mangazeya Mining Ltd.

Mangazeya Mining Ltd. is a NEX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation.

For more information, please contact:

Anton Grigoryev
Corporate Secretary
Mangazeya Mining Ltd.

To view the source version of this press release, please visit

EN
25/05/2021

Underlying

MGZ/HMangazeya Mining Ltd

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Mangazeya Mining Ltd

 PRESS RELEASE
Free
MGZ/H Mangazeya Minin...

Mangazeya Mining Ltd. Announces That Its Subsidiary, 7918534 Canada In...

Toronto, Ontario--(Newsfile Corp. - May 25, 2021) - Mangazeya Mining Ltd. (TSXV: MGZ.H) ("Mangazeya" or the "Company") announces that its subsidiary, 7918534 Canada Inc. (the "Subsidiary"), has completed its previously announced redemption of its eligible issued and outstanding Exchangeable Shares. The eligible Exchangeable Shares were redeemed at a price of $0.04 per Exchangeable Share for an aggregate redemption price of CAD $5,968.16. The completed redemption of Exchangeable Shares fulfills the Subsidiary's obligation to complete the automatic redemption of such shares in accordance with ...

May 25, 2021 1 EN
 PRESS RELEASE
Free
MGZ/H Mangazeya Minin...

Mangazeya Mining Ltd. Announces That Its Subsidiary, 7918534 Canada In...

Toronto, Ontario--(Newsfile Corp. - April 19, 2021) - Mangazeya Mining Ltd. (TSXV: MGZ.H) ("Mangazeya" or the "Company") announces that its subsidiary, 7918534 Canada Inc. (the "Subsidiary"), has issued a notice of redemption to holders of its issued and outstanding Exchangeable Shares (as defined below). As set out in the notice of redemption, the redemption date of the Exchangeable Shares will be May 19, 2021. As per the share provisions of the Exchangeable Shares, each Exchangeable Share shall be automatically redeemed for a price equal to the price of Mangazeya common shares (the "Mangaz...

April 19, 2021 1 EN
 PRESS RELEASE
Free
MGZ/H Mangazeya Minin...

Mangazeya Mining Ltd. Announces the Completion of a US$700,000 Unsecur...

Toronto, Ontario--(Newsfile Corp. - July 30, 2019) - Mangazeya Mining Ltd. (NEX: MGZ.H) ("Mangazeya" or the "Company") is pleased to announce that it has received NEX approval for the unsecured loan of up to USD$700,000 (the "Loan") from Mangazeya Center LLC (the "Lender") and that the first tranche of funds has been advanced. The Company first announced the Loan transaction on July 12, 2019. The proceeds of the Loan will be used for general working capital purposes. First Advance Under the Unsecured LoanOn July 12, 2019, the Company announced that it had signed an agreement for the Loan. ...

July 30, 2019 1 EN
 PRESS RELEASE
Free
MGZ/H Mangazeya Minin...

Mangazeya Mining Ltd. Announces a US$700,000 Unsecured Loan

Toronto, Ontario--(Newsfile Corp. - July 12, 2019) - Mangazeya Mining Ltd. (TSXV: MGZ.H) ("Mangazeya" or the "Company") is pleased to announce that it has signed a loan agreement for an unsecured loan for up to US$700,000 (the "Loan") from Mangazeya Center LLC (the "Lender"). The proceeds of the Loan will be used for general working capital purposes.Unsecured LoanThe Loan is unsecured, bears interest at a rate of 6% per annum and matures on December 31, 2025. The Lender is a Russian company beneficially owned, directly or indirectly, by Mr. Sergey Yanchukov, the Company's Chief Executive Off...

July 12, 2019 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch