$BMET.V

3 stories mentioning BMET.VUpdated 27d ago

Every FINWIRES story that references BMET.V, newest first.

Prospector Metals and BeMetals Announce Subscription Receipt Financing

Prospector Metals (PPP.V) and BeMetals Corp (BMET.V) announced late Thursday that they will be completing a non-brokered private placement of up to 8 million subscription receipts at a price of $0.50 each for aggregate proceeds of up to $4 million."The Offering is being undertaken in connection with the previously announced acquisition of assets pursuant to the share purchase agreement dated April 15, 2026, between the Companies and Prospector Subco Ltd. ("Subco") whereby BeMetals will acquire all of the issued and outstanding shares of Subco, a wholly-owned subsidiary of Prospector which will hold Prospector's remaining viable non-Yukon mineral exploration projects (the "Transaction"), in exchange for 29,400,000 common shares of BeMetals," stated the companies.In connection with the closing of the transaction, BeMetals will change its name to Lightning Resource Corp (Resulting Issuer) prior to closing and reconstitute its board of directors upon closing of the transaction, the statement noted.Closing of the transaction is subject to the satisfaction of certain closing conditions.

$BMET.V$PPP.V

Mining & Metals36d ago

BeMetals Provides Update on Proposed Acquisition of Prospective Projects from Prospector Metals

BeMetals (BMET.V) on Wednesday provided a progress update on the status of the transactions contemplated under the share purchase agreement dated April 15, 2026, with Prospector Metals (PPP.V).Pursuant to the agreement, BeMetals had agreed to acquire Prospector's remaining viable non-Yukon mineral exploration projects and certain marketable securities in exchange for 29.4 million common shares of BeMetals on a post-consolidation basis.The company has completed a consolidation of its outstanding common shares on the basis of one new common share for every ten common shares, as provided for under the agreement, on May 8, 2026, it said.On May 4, 2026, the company filed a notice of meeting and record date in connection with its annual general and special meeting of shareholders to be held on July 3, 2026, at which meeting the company will seek shareholder approval of, among other things, certain transactions related to the acquisition in accordance with the policies of the TSX Venture Exchange, stated the company.The company has also received conditional acceptance of the proposed acquisition from the TSXV and is in the process of completing a technical report on its material property, the Savant Gold Project in Ontario, Canada, added the company.

$BMET.V$PPP.V

Mining & Metals55d ago

BeMetals Resumes Trading on TSXV; To Launch 1-For-10 Reverse Stock Split

BeMetals' (BMET.V) common shares will resume trading on the TSX Venture Exchange (TSXV), effective at the open of market on May 5, it said Friday.The company also received approval from the TSXV to consolidate its outstanding common shares on the basis of one new common share for every 10 common shares. The reverse stock split will take effect at the start of trading on May 8.The 294.4-million common shares issued and outstanding prior to the consolidation will be reduced to about 29.4-million common shares, the company said. It expects to send letters of transmittal to registered holders of its common shares for use in transmitting their existing share certificates to its registrar and transfer agent in exchange for new certificates representing the number of post-consolidation common shares to which each shareholder is entitled.The company's shares last traded Apr. 15, closing at $0.06 on the TSXV.

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