York Harbour Appoints Timothy Ko to the Board and Extends Private Placement
York Harbour Metals (CSE: YORK, OTC: YORKF) announced the extension of its non-brokered private placement financing of up to 6,000,000 units at $0.05 per Unit, aiming to raise gross proceeds of up to $300,000. Each Unit includes one common share and one transferable warrant, exercisable at $0.075 per share for 5 years from closing.
The company expects a lead order from CEO Blair Naughty, which will increase his equity stake from 15.18% to approximately 19.89%. Additionally, Timothy Ko has been appointed to the Board of Directors and Audit Committee, replacing Michael Williams, who resigned as director and Executive Chairman.
York Harbour Metals (CSE: YORK, OTC: YORKF) ha annunciato l'estensione del suo finanziamento di private placement non mediato fino a 6.000.000 di unit脿 a $0,05 per unit脿, con l'obiettivo di raccogliere proventi lordi fino a $300.000. Ogni unit脿 include un'azione ordinaria e un warrant trasferibile, esercitabile a $0,075 per azione per 5 anni dalla chiusura.
L'azienda prevede un ordine principale da parte del CEO Blair Naughty, che aumenter脿 la sua quota azionaria dal 15,18% a circa il 19,89%. Inoltre, Timothy Ko 猫 stato nominato nel Consiglio di Amministrazione e nel Comitato di Controllo, sostituendo Michael Williams, che si 猫 dimesso come direttore e Presidente Esecutivo.
York Harbour Metals (CSE: YORK, OTC: YORKF) anunci贸 la extensi贸n de su financiaci贸n de colocaci贸n privada no mediada de hasta 6,000,000 de unidades a $0.05 por unidad, con el objetivo de recaudar ingresos brutos de hasta $300,000. Cada unidad incluye una acci贸n com煤n y una opci贸n transferible, que se puede ejercer a $0.075 por acci贸n durante 5 a帽os a partir del cierre.
La empresa espera un pedido principal del CEO Blair Naughty, lo que aumentar谩 su participaci贸n accionaral del 15.18% a aproximadamente el 19.89%. Adem谩s, Timothy Ko ha sido nombrado para la Junta Directiva y el Comit茅 de Auditor铆a, reemplazando a Michael Williams, quien renunci贸 como director y Presidente Ejecutivo.
鞖曧暛 氅旐儓鞀� (CSE: YORK, OTC: YORKF)鞚� 斓滊寑 6,000,000臧滌潣 鞙犽嫑鞚� 臧滊嫻 $0.05鞐� 牍勳臧� 靷 氚滍枆鞙茧 鞐办灔頃滊嫟瓿� 氚滍憸頃橂┌, 齑� 靾橃澋旮� 氇╉憸電� $300,000鞛呺媹雼�. 臧� 鞙犽嫑鞚� 頃橂倶鞚� 氤错喌欤检檧 頃橂倶鞚� 鞏戨弰 臧�電� 鞗岆煱韸戈皜 韽暔霅橃柎 鞛堨溂氅�, 鞚措姅 膦呺 頉� 5雲� 霃欖晥 欤茧嫻 $0.075鞐� 頄夓偓頃� 靾� 鞛堨姷雼堧嫟.
須岇偓電� CEO 敫旊爤鞏� 雲疙嫲鞚� 靹犾＜氍胳潉 旮半寑頃橁碃 鞛堨溂氅�, 鞚措姅 攴胳潣 歆�攵勳潉 15.18%鞐愳劀 鞎� 19.89%搿� 歃濌皜鞁滍偓 瓴冹瀰雼堧嫟. 霕愴暅, 韺� 旖�臧� 鞚挫偓須� 氚� 臧愳偓鞙勳洂須岇棎 鞛勲獏霅橃柎, 靷瀯頃� 毵堨澊韥� 鞙岆Μ鞐勳姢毳� 雽�觳错暕雼堧嫟.
York Harbour Metals (CSE: YORK, OTC: YORKF) a annonc茅 l'extension de son financement de placement priv茅 non interm茅diaire pouvant atteindre 6 000 000 d'unit茅s 脿 0,05 $ par unit茅, visant 脿 lever des produits bruts jusqu'脿 $300,000. Chaque unit茅 comprend une action ordinaire et un bon de souscription transf茅rable, exer莽able 脿 0,075 $ par action pendant 5 ans 脿 partir de la cl么ture.
L'entreprise s'attend 脿 une commande principale de la part du PDG Blair Naughty, ce qui augmentera sa participation d'environ 15,18 % 脿 environ 19,89 %. De plus, Timothy Ko a 茅t茅 nomm茅 au conseil d'administration et au comit茅 d'audit, rempla莽ant Michael Williams, qui a d茅missionn茅 de son poste de directeur et pr茅sident ex茅cutif.
York Harbour Metals (CSE: YORK, OTC: YORKF) gab die Verl盲ngerung seiner nicht vermittels privaten Platzierung von bis zu 6.000.000 Einheiten zu je 0,05 $ pro Einheit bekannt, mit dem Ziel, Bruttoerl枚se von bis zu $300.000 zu erzielen. Jede Einheit umfasst eine Stammaktie und eine 眉bertragbare Option, die 5 Jahre ab Abschluss zu 0,075 $ pro Aktie ausge眉bt werden kann.
Das Unternehmen erwartet einen Hauptauftrag von CEO Blair Naughty, durch den sich sein Eigenkapitalanteil von 15,18 % auf etwa 19,89 % erh枚hen wird. Dar眉ber hinaus wurde Timothy Ko in den Vorstand und den Pr眉fungs-Ausschuss berufen, um Michael Williams zu ersetzen, der als Direktor und Executive Chairman zur眉ckgetreten ist.
- CEO Blair Naughty increasing personal investment, showing confidence in company
- Private placement to raise up to $300,000 in additional capital
- Significant insider concentration with CEO ownership increasing to 19.89%
- Potential dilution from private placement of 6 million units
- Loss of Executive Chairman position
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2025) - YORK HARBOUR METALS INC. (CSE: YORK) (OTC Pink: YORKF) (the "Company" or "York Harbour") Further to the Company's news release on December 16, 2024, the Company will extend its non-brokered private placement financing of up to 6,000,000 units ("Units") at
The Company anticipates a lead order from Mr. Blair Naughty, CEO and President of the Company, for the Private Placement. Upon completion of the Private Placement, Mr. Naughty's investment combined with his existing holdings will further increase his equity stake in the Company, currently at
CHANGE OF DIRECTOR
The Company is pleased to announce the appointment of Mr. Timothy Ko to its Board of Directors and Audit Committee. Mr. Michael Williams has resigned as a director and Executive Chairman of the Company creating a vacancy on the Board for the appointment of Mr. Ko. The Company is grateful to Mr. Williams for his considerable service and wishes him all the best in his future endeavours.
About Timothy Ko
Timothy Ko is an entrepreneur who has successfully founded and operated businesses in technology and biotech. He has served at both the executive and board level and has overseen the successful fundraising, acquisition and operations of businesses in his time within the Canadian public markets.
About York Harbour Metals
York Harbour Metals Inc. is a mineral exploration and development company focused on high-grade projects in Newfoundland. The Company has recently closed the first milestone of an Option Agreement with Firetail Resources Limited on the York Harbour Copper-Zinc-Silver Project, located approximately 27 km from Corner Brook, Newfoundland. Additionally, York Harbour holds a
On Behalf of the Board of Directors,
"Blair Naughty"
CEO and President
For further details, please contact:
Email: [email protected]
Phone: 1-604-346-7613 or 604-341-6870 (Office)
Website:
Forward-Looking Statements:
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
To view the source version of this press release, please visit
FAQ
What are the terms of York Harbour Metals' (YORKF) February 2025 private placement?
How much will CEO Blair Naughty's ownership stake increase after the YORKF private placement?
Who replaced Michael Williams on York Harbour Metals' (YORKF) Board of Directors?
What is the exercise price and term for the warrants in YORKF's February 2025 private placement?
