Rio Tinto half-year profit meets estimates, expects good demand in China
The world's largest iron ore producer reported underlying earnings of $5.8 billion for the six months.
(via TheNewswire)
July 31, 2024 – TheNewswire – Vancouver, British Columbia – Right Season Investments Corp. (TSXV: LITT), (“Right Season” or the “Company”) announces that it has completed its previously announced debt settlement pursuant to the terms of a debt settlement agreement with a director of the Company (the “Creditor”) dated July 23, 2024 (the “Settlement Agreement”) pursuant to which the Company issued the Creditor 37,188 common shares of the Company (each, a “Share” and, collectively, the “Shares”) at a deemed price of $0.96 per Share in settlement of $35,700 of outstanding indebtedness (the “Settlement”).
The securities issued constitute a Related Party Transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holdings in Special Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Shares, nor the consideration paid for the Shares, exceeded 25% of the Company’s market capitalization.
The Company did not file a material change report more than 21 days before the expected closing of the Settlement because the details were not settled until shortly prior to closing of the Settlement and the Company wished to close on an expedited basis for business reasons.
About Right Season Investments Corp.
Right Season Investments Corp. is a Canadian Venture Capital, Investment and Advisory Firm that strives to actively drive innovation and accelerate growth for its shareholders. Right Season invests capital into private and public companies that offer excellent growth opportunities.
Contact:
Tyler Lewis, Director and CEO
Email: [email protected]
Cautionary and Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
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