InvestmentJun 22, 2026, 12:11 PM
Greenland Mines Acquires 9.9% Stake in AnorTech, Option for More
AI Summary
Greenland Mines Ltd. entered into a Share Exchange Agreement to acquire 19,958,503 common shares of AnorTech Inc., representing approximately 9.9% of AnorTech's issued and outstanding shares. In exchange, Greenland Mines issued 12,400,000 shares of its common stock to AnorTech. The agreement also grants Greenland Mines an option, exercisable for six months, to acquire an additional 25,168,669 common shares of AnorTech, with the payment satisfied through the issuance of more Greenland Mines common stock.
Key Highlights
- Acquired 19,958,503 common shares of AnorTech Inc.
- Represents approximately 9.9% of AnorTech's issued and outstanding shares post-closing.
- Issued 12,400,000 shares of Greenland Mines common stock to AnorTech.
- Granted an option to acquire an additional 25,168,669 common shares of AnorTech.
- Option is exercisable for six months following the closing date.
- Option price is the greater of CAD$0.30 or AnorTech's last closing price.
- Option exercise price will be satisfied through issuance of Greenland Mines common stock.
Price Impact
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