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Eagle Plains Resources (OTCQB:EGPLF) has issued a clarification regarding its August 12, 2025 news release concerning a property sale agreement with Trident Resources. The company is selling four non-core claim blocks totaling 16,245 hectares in Saskatchewan’s La Ronge Gold Belt for $14,730, while retaining a 2% Net Smelter royalty.
The transaction is classified as non-arms length due to Tim Termuende serving as both a director of Eagle Plains and Trident. The company has received exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction value is below 25% of the company’s market capitalization.
Eagle Plains Resources (OTCQB:EGPLF) ha pubblicato un chiarimento relativo al comunicato del 12 agosto 2025 riguardante un accordo di vendita di terreni con Trident Resources. La società cede quattro blocchi di claim non strategici per un totale di 16.245 ettari nella La Ronge Gold Belt della Saskatchewan per $14.730, mantenendo una royalty del 2% sul prodotto della fusione (Net Smelter royalty).
L’operazione è considerata non indipendente (non arms-length) poiché Tim Termuende è amministratore sia di Eagle Plains sia di Trident. La società ha ottenuto esenzioni dai requisiti di valutazione formale e di approvazione da parte degli azionisti di minoranza ai sensi del MI 61-101, dato che il valore della transazione è inferiore al 25% della capitalizzazione di mercato dell’azienda.
Eagle Plains Resources (OTCQB:EGPLF) emitió una aclaración respecto al comunicado del 12 de agosto de 2025 sobre un acuerdo de venta de propiedades con Trident Resources. La compañía vende cuatro bloques de reivindicaciones no estratégicas que suman 16.245 hectáreas en la La Ronge Gold Belt de Saskatchewan por $14.730, conservando una regalía neta de fundición del 2% (2% Net Smelter royalty).
La transacción se clasifica como no independiente (non-arms length) porque Tim Termuende es director tanto de Eagle Plains como de Trident. La compañía ha recibido exenciones de los requisitos de valoración formal y de aprobación por parte de accionistas minoritarios según el MI 61-101, ya que el valor de la operación es inferior al 25% de la capitalización de mercado de la empresa.
Eagle Plains Resources (OTCQB:EGPLF)는 2025년 8월 12일자 Trident Resources와의 자산 매각 관련 보도자료에 대해 정정 설명을 발표했습니다. 회사는 사스카추완의 라 롱주 골드 벨트(La Ronge Gold Belt)에 있는 비핵심 청구권 클레임 4개 블록, 총 16,245헥타르를 $14,730에 매각하되, 순선광로열티 2%(2% Net Smelter royalty)는 유지합니다.
이 거래는 Tim Termuende가 Eagle Plains와 Trident 양사 이사로 재직하고 있어 비독립 거래(non-arms length)로 분류됩니다. 거래 금액이 회사 시가총액의 25% 미만이므로 MI 61-101에 따른 공식 평가 및 소액주주 승인 요건에 대한 면제가 허용되었습니다.
Eagle Plains Resources (OTCQB:EGPLF) a publié une clarification concernant son communiqué du 12 août 2025 au sujet d’un accord de vente de propriété avec Trident Resources. La société vend quatre blocs de claims non essentiels totalisant 16 245 hectares dans la La Ronge Gold Belt de la Saskatchewan pour 14 730 $, tout en conservant une redevance nette à l’affinerie de 2% (2% Net Smelter royalty).
La transaction est qualifiée de non indépendante (non-arms length) car Tim Termuende siège au conseil d’administration d’Eagle Plains et de Trident. Étant donné que la valeur de la transaction est inférieure à 25 % de la capitalisation boursière de la société, des exemptions aux exigences d’évaluation formelle et d’approbation des actionnaires minoritaires prévues par le MI 61-101 ont été accordées.
Eagle Plains Resources (OTCQB:EGPLF) hat eine Klarstellung zu seiner Pressemitteilung vom 12. August 2025 über einen Grundstücksverkaufsvertrag mit Trident Resources herausgegeben. Das Unternehmen veräußert vier nicht strategische Claim-Blöcke mit insgesamt 16.245 Hektar in der La Ronge Gold Belt in Saskatchewan für $14.730 und behält eine 2% Net Smelter Royalty.
Die Transaktion wird als nicht unabhängige (non-arms length) Transaktion eingestuft, da Tim Termuende sowohl Direktor von Eagle Plains als auch von Trident ist. Da der Transaktionswert unter 25% der Marktkapitalisierung des Unternehmens liegt, wurden Ausnahmen von der formellen Bewertung und der Zustimmungspflicht für Minderheitsaktionäre gemäß MI 61-101 gewährt.
Positive
- Retention of 2% Net Smelter royalty on all claims
- Monetization of non-core assets generating immediate cash
Negative
- Non-arms length transaction requiring additional regulatory scrutiny
- Relatively small transaction value of only $14,730
08/20/2025 – 06:16 PM
CRANBROOK, BC – Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) has clarified details surrounding its August 12th announcement of a property sale agreement with Trident Resources Corp. (TSX-V:ROCK)(OTCQB:TRDTF). The deal, concerning four non-core claim blocks in Saskatchewan’s La Ronge Gold Belt spanning 16,245 hectares, is now confirmed as a non-arms length transaction.
Under the agreement, Trident will acquire a 100% interest in the properties for $14,730 in cash. Eagle Plains retains a 2% Net Smelter Royalty (NSR) on all claims, providing ongoing upside potential.
The crux of the clarification lies in the transaction’s nature as “non-arm’s length,” as defined by the TSX Venture Exchange. Tim Termuende holds directorial positions in both Eagle Plains and Trident, triggering scrutiny under Multilateral Instrument 61-101, designed to protect minority security holders. However, Eagle Plains has secured exemptions from formal valuation and minority shareholder approval under MI 61-101. The company argues that these exemptions are justified under sections 5.5(b) and 5.7(1)(a), given that its securities aren’t listed on specified markets and the fair market value is less than 25% of Eagle Plains’ market capitalization.
While the TSX Venture Exchange still considers the transaction a “reviewable transaction” falling under Exchange Policy 5.3 due to the non-arm’s length relationship, the agreement awaits final acceptance from the TSX Venture Exchange.
Charles C. Downie, P.Geo., a qualified person as defined by National Instrument 43-101, and an officer and director of Eagle Plains, has reviewed and approved the technical disclosure for its accuracy.
Eagle Plains Resources, based in Cranbrook, B.C., describes itself as a well-funded project generator focused on critical metals in Western Canada, essential to the escalating shift towards electrification. The company, a long-standing TSX-V issuer, emphasizes its track record of shareholder value creation through spin-outs such as Copper Canyon Resources and Taiga Gold Corp. Eagle Plains most recent spinout, Eagle Royalties Ltd. (CSE:”ER”) listed back in May 2023 and is subject to a definitive amalgamation agreement with Summit Royalty Corp which was announced July 2, 2025 reflecting a reverse takeover (RTO), where Summit will “go-public”. Completion is subject to conditions and Exchange acceptance.
Additionally, Eagle Plains launched Osprey Power Inc. in October 2024, aiming to capitalize on green energy transition opportunities in Canada.
The Company states to be committed to enhancing shareholder value and advancing exploration projects. Furthermore, Eagle Plains highlights that $39M was spent on Eagle Plains related projects, with third party partners funding the majority, between 2010-2024.
President and CEO, C.C. (Chuck) Downie states exploration focus will remain on maintaining relations building whilst prospecting for resource opportunities.
FAQ
What is the value of Eagle Plains’ (EGPLF) property sale to Trident Resources?
Eagle Plains is selling four claim blocks for $14,730 while retaining a 2% Net Smelter royalty on all claims.
How many hectares are included in Eagle Plains’ (EGPLF) Saskatchewan property sale?
The sale includes four non-core claim blocks totaling 16,245 hectares located in the La Ronge Gold Belt, Saskatchewan.
Why is Eagle Plains’ (EGPLF) transaction with Trident considered non-arms length?
The transaction is non-arms length because Tim Termuende serves as both a director of Eagle Plains and Trident Resources.
What royalty does Eagle Plains (EGPLF) retain on the Saskatchewan properties?
Eagle Plains retains a 2% Net Smelter royalty on all claims sold to Trident Resources.
What regulatory exemptions did Eagle Plains (EGPLF) receive for this transaction?
Eagle Plains received exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction value is below 25% of market capitalization.
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