DealsNov 12, 2026, 04:51 PM
Greenland Mines Buys Battery Mineral Shares, Issues Stock for AnorTech Stake
AI Summary
Greenland Mines Ltd. announced two significant transactions. Firstly, the company entered into a Subscription Agreement to purchase 7,000,000 shares of Battery Mineral Resources Corp. common stock for C$1.4 million, pending TSX Venture Exchange approval. Secondly, Greenland Mines Ltd. exercised an option to acquire 25,168,669 shares of AnorTech common stock for C$7.55 million, settling the purchase by issuing 1,133,268 shares of its own common stock. The latter transaction was conducted under an exemption from registration requirements.
Key Highlights
- Greenland Mines Ltd. purchased 7,000,000 shares of Battery Mineral Resources Corp. common stock at C$0.20 per share for C$1,400,000.
- The purchase is subject to approval by the TSX Venture Exchange, with a 60-day termination clause for the Company.
- Greenland Mines Ltd. exercised an option to purchase 25,168,669 shares of AnorTech common stock for C$7,550,601.
- The purchase of AnorTech shares was settled by issuing 1,133,268 newly issued shares of Greenland Mines Ltd. common stock.
- The issuance of 1,133,268 shares to AnorTech was made under Section 4(a)(2) of the Securities Act of 1933.
Price Impact
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