BULLETIN V2024-1680
SLEEPING GIANT CAPITAL CORP. ("SSX")
[formerly Sleeping Giant Capital Corp. ("SSX.P")]
BULLETIN TYPE: Resume Trading, Qualifying Transaction-Completed/New Symbol, Non-Brokered - Private Placement
BULLETIN DATE: June 4, 2024
TSX Venture Tier 2 Company
The common shares of the Company have been halted from trading since January 8, 2024, pending completion of a Qualifying Transaction.
Resume Trading
Effective at the opening, Thursday, June 6, 2024, the common shares of Sleeping Giant Capital Corp. will commence trading on TSX Venture Exchange under the symbol "SSX".
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated May 28, 2024. As a result, at the opening on Thursday, June 6, 2024, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
The Qualifying Transaction consists of the arm's length acquisition of non-operated working interests in certain oil and gas assets located in the Gilby, Rosebud, Niton, and Sylvan Lake areas within Alberta from an arm's length vendor (the "Vendor") for consideration of 4,550,000 common shares at a deemed price of $0.15 and cash payment of $175,000.
4,550,000 common shares issued to the Vendor pursuant to the Qualifying Transaction will be subject to a Tier 2 Value Security Escrow Agreement to be released over a 36-month period. 2,900,000 common shares and 780,000 stock options are subject to a CPC Escrow Agreement to be released over an 18-month period.
The Company will continue as Sleeping Giant Capital Corp. and trade under the symbol "SSX".
The Exchange has been advised that the above transaction has been completed.
In addition, the Exchange has accepted for filing the following:
Private Placement - Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on May 28, 2024:
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $66,899.85
Offering: 445,999 Listed Shares
Offering Price: $0.15 per Listed Share
Non-Cash Commissions: Nil
Public Disclosure: For further information, please refer to the company's Filing Statement dated May 28, 2024, which has been filed on SEDAR+. The Company issued a news release on June 3, 2024 confirming closing of the private placement.
Effective at the opening, Thursday, June 6, 2024, the common shares of Sleeping Giant Capital Corp. will commence trading on TSX Venture Exchange, under the symbol "SSX".
Capitalization: Unlimited shares with no par value of which
12,795,999 shares are issued and outstanding
Escrow: 7,450,000 common shares
Transfer Agent: Odyssey Trust Company
Symbol: SSX (same symbol as CPC but with .P removed)
CUSIP #: 83126J 10 3 (unchanged)
The Company is classified as a "Oil and Gas Extraction (except oil sands)" company.
Company Contact: Terry Meek, Chief Executive Officer
Company Address: 4200, 888-3rd St SW, Calgary, Alberta T2P 5C5
Company Phone Number: 402-813-3244
Company Email Address: terrymeek@telus.net
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