BULLETIN V2025-1050
PREMIUM RESOURCES LTD. ("PREM")
BULLETIN TYPE: Private Placement-Non-Brokered; Shares for Debt
BULLETIN DATE: April 10, 2025
TSX Venture Tier 2 Company
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $46,000,000.20
Offering: 153,333,334 Listed Shares with 76,666,667 warrants
Offering Price: $0.30 per Listed Share
Warrant Exercise Terms: $0.55 per Listed Share for a three-year period
Commissions in Securities: Shares Warrants
Finders (Aggregate) 4,000,000 N/A
Disclosure: Refer to the company's news releases dated February 18, 2025, February 20, 2025 and March 18, 2025.
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 69,607,843 shares and 69,607,843 share purchase warrants to settle outstanding debt for $20,882,353 and 3,586,709 shares to settle US$1,000,000 (approx. CAD$1,470,550.70).
Number of Creditors: 2 Creditors
Non-Arm's Length Party / Pro Group Participation:
Creditors # of Creditors Amount Owing Deemed Price per Share Aggregate # of Shares
Aggregate Non-Arm's Length Party Involvement: 2 $20,882,353
US$1,000,000 $0.30
$0.41 69,607,843
3,586,709
Aggregate Pro Group Involvement: N/A N/A N/A N/A
Warrants: 69,607,843 share purchase warrants to purchase 69,607,843 shares
Warrant Exercise Price: $0.40 for a three-year period
Please refer to the Company's news release dated March 18, 2025 for further details.
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