Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of a Promissory Note of Roscan Gold Corporation
Michael Gentile has filed an early warning report announcing the acquisition of a CAD$300,000 principal amount secured subordinate promissory note from Roscan Gold Prior to this acquisition, Gentile owned 33,337,500 common shares, 700,000 stock options, 1,575,000 restricted share units, and a CAD$250,000 promissory note, representing approximately 8.37% of the company's issued and outstanding common shares on an undiluted basis and 9.45% on a partially diluted basis.
Following the acquisition, Gentile's holdings remain at 33,337,500 common shares, 700,000 stock options, and 1,575,000 restricted share units, but now include a CAD$550,000 principal amount secured subordinate promissory note. This represents approximately 8.37% of the company's shares on an undiluted basis and 10.02% on a partially diluted basis. Gentile states he has a long-term view of the investment and may acquire or sell additional securities in the future.
Michael Gentile ha presentato un rapporto di avviso anticipato annunciando l'acquisizione di una segregata e subordinata cambiale garantita per un importo principale di CAD$300,000 da Roscan Gold. Prima di questa acquisizione, Gentile possedeva 33.337.500 azioni ordinarie, 700.000 opzioni su azioni, 1.575.000 unit脿 azionarie vincolate e una cambiale di CAD$250.000, che rappresentano circa l'8.37% delle azioni ordinarie emesse e in circolazione della societ脿 su base non diluita e il 9.45% su una base parzialmente diluita.
Dopo l'acquisizione, le partecipazioni di Gentile rimangono pari a 33.337.500 azioni ordinarie, 700.000 opzioni su azioni e 1.575.000 unit脿 azionarie vincolate, ma ora includono una cambiale subordinata garantita per un importo principale di CAD$550,000. Questo rappresenta circa l'8.37% delle azioni della societ脿 su base non diluita e il 10.02% su una base parzialmente diluita. Gentile afferma di avere una visione a lungo termine dell'investimento e potrebbe acquistare o vendere ulteriori titoli in futuro.
Michael Gentile ha presentado un informe de alerta temprana anunciando la adquisici贸n de un pagar茅 subordinado garantizado por un monto principal de CAD$300,000 de Roscan Gold. Antes de esta adquisici贸n, Gentile pose铆a 33,337,500 acciones comunes, 700,000 opciones sobre acciones, 1,575,000 unidades de acciones restringidas y un pagar茅 de CAD$250,000, que representan aproximadamente el 8.37% de las acciones comunes emitidas y en circulaci贸n de la empresa sobre una base no diluida y el 9.45% sobre una base parcialmente diluida.
Despu茅s de la adquisici贸n, las participaciones de Gentile permanecen en 33,337,500 acciones comunes, 700,000 opciones sobre acciones y 1,575,000 unidades de acciones restringidas, pero ahora incluyen un pagar茅 subordinado garantizado por un monto principal de CAD$550,000. Esto representa aproximadamente el 8.37% de las acciones de la empresa sobre una base no diluida y el 10.02% sobre una base parcialmente diluida. Gentile indica que tiene una perspectiva a largo plazo de la inversi贸n y puede adquirir o vender valores adicionales en el futuro.
Michael Gentile a d茅pos茅 un rapport d'avertissement pr茅coce annon莽ant l'acquisition d'un billet 脿 ordre subordonn茅 garanti d'un montant principal de CAD$300,000 de Roscan Gold. Avant cette acquisition, Gentile d茅tenait 33,337,500 actions ordinaires, 700,000 options d'achat d'actions, 1,575,000 unit茅s d'actions restreintes et un billet 脿 ordre de CAD$250,000, repr茅sentant environ 8,37% des actions ordinaires 茅mises et en circulation de la soci茅t茅 sur une base non dilu茅e et 9,45% sur une base partiellement dilu茅e.
Suite 脿 l'acquisition, les participations de Gentile restent 脿 33,337,500 actions ordinaires, 700,000 options d'achat d'actions et 1,575,000 unit茅s d'actions restreintes, mais incluent d茅sormais un billet 脿 ordre subordonn茅 garanti d'un montant principal de CAD$550,000. Cela repr茅sente environ 8,37% des actions de la soci茅t茅 sur une base non dilu茅e et 10,02% sur une base partiellement dilu茅e. Gentile d茅clare avoir une vision 脿 long terme de l'investissement et pourrait acqu茅rir ou vendre des titres suppl茅mentaires 脿 l'avenir.
Michael Gentile hat einen fr眉hen Warnbericht eingereicht, in dem er den Erwerb eines gesicherten nachrangigen Schuldscheins 眉ber einen Nennbetrag von CAD$300,000 von Roscan Gold bekannt gibt. Vor dieser Akquisition besa脽 Gentile 33.337.500 Stammaktien, 700.000 Aktienoptionen, 1.575.000 eingeschr盲nkte Aktieneinheiten und einen Schuldschein 眉ber CAD$250.000, was etwa 8,37% der ausgegebenen und im Umlauf befindlichen Stammaktien des Unternehmens auf unverw盲sserter Basis und 9,45% auf teilweise verw盲sserter Basis entspricht.
Nach der Akquisition bleiben Gentiles Best盲nde bei 33.337.500 Stammaktien, 700.000 Aktienoptionen und 1.575.000 eingeschr盲nkten Aktieneinheiten, beinhalten jedoch nun einen gesicherten nachrangigen Schuldschein 眉ber einen Nennbetrag von CAD$550,000. Dies entspricht ungef盲hr 8,37% der Aktien des Unternehmens auf unverw盲sserter Basis und 10,02% auf teilweise verw盲sserter Basis. Gentile erkl盲rt, dass er eine langfristige Perspektive f眉r die Investition hat und in Zukunft weitere Wertpapiere erwerben oder verkaufen k枚nnte.
- Increased investment in Roscan Gold through acquisition of additional promissory note
- Gentile's ownership percentage on a partially diluted basis increased from 9.45% to 10.02%
- Potential increase in company debt with the issuance of additional promissory note
Toronto, Ontario--(Newsfile Corp. - October 4, 2024) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of a CAD
The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (514) 591-4227.
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FAQ
What was the value of the promissory note acquired by Michael Gentile from Roscan Gold (RCGCF)?
How did Michael Gentile's ownership percentage in Roscan Gold (RCGCF) change after the acquisition?
What is the total value of promissory notes held by Michael Gentile in Roscan Gold (RCGCF) after the acquisition?
What are Michael Gentile's future intentions regarding his investment in Roscan Gold (RCGCF)?
