Share Issuance
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Axcap Ventures Grants Waterton Deadline Extension for Milestone Payment
Axcap Ventures (GARLF) extended its milestone payment deadline with Waterton Nevada Splitter LLC from July 15, 2025, to September 30, 2025. In exchange, Axcap issued 1,550,000 common shares to Waterton, subject to a four-month-and-one-day lock-up period. The extension modifies the original milestone payment rights agreement dated July 15, 2024. Axcap focuses on undervalued resources in the USA and Canada aiming to build a portfolio of development-ready gold resources.
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Organto Finalizes Payment to Jaluca Limited
Organto Foods (OGOFF) completed the issuance of 4,380,000 shares to Jaluca Limited at $0.10 per share for advisory services related to debt restructuring. The company also announced its 2024 bonus program, totaling $822,000 for officers and key personnel, structured as 70% equity and 30% cash. The equity component has been earned but not yet disbursed, and will require TSXV approval upon issuance. This share issuance to Jaluca has negative implications by diluting the shares of stock holders.
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Search Minerals Inc. Announces Settlement with Certain Creditors
Search Minerals (TSXV: SMY | OTC: SHCMD) has reached a settlement regarding approximately $100,000 in outstanding debt with Kee Scarp Ltd. and Todd Burlingame. The company will issue 203,688 common shares to Burlingame and pay $26,600 to Kee Scarp. The share issuance is subject to TSX Venture Exchange approval and a four-month hold period. This move balances debt reduction with potential shareholder dilution.