Board Change • Apr 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 05
Cleghorn Minerals Ltd., Annual General Meeting, Oct 03, 2025 Cleghorn Minerals Ltd., Annual General Meeting, Oct 03, 2025. Location: quebec, val d or Canada Board Change • Jul 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.32m market cap, or US$1.62m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Board Change • Feb 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 15
Cleghorn Minerals Ltd. announced that it expects to receive CAD 0.2 million in funding Cleghorn Minerals Ltd. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 200,000 on January 14, 2025. Each Unit will consist of one common share in the capital of the Company and one nontransferable share purchase warrant, each warrant entitling the purchase of one common share at a per share price of CAD 0.08 for three years from the date of issuance of the securities. The offering is subject to acceptance by the TSX Venture Exchange. Directors and/or officers of the company will participate in the offering. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the TSX Venture Exchange. Board Change • Jan 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Aug 22
Cleghorn Minerals Ltd., Annual General Meeting, Oct 18, 2024 Cleghorn Minerals Ltd., Annual General Meeting, Oct 18, 2024. Location: quebec, val d or Canada New Risk • Jul 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$143k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$143k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.73m market cap, or US$1.26m). Minor Risk Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Board Change • Jul 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 23
Cleghorn Minerals Ltd. announced that it has received CAD 0.15 million in funding On February 22, 2024, Cleghorn Minerals Ltd. closed the transaction. Three insiders participated in the private placement offering for aggregate cash consideration of CAD 125,000. The acquiror indirectly acquired 1,400,000 units at a per Unit price of CAD 0.05 for total cash consideration to the Issuer of CAD 70,000 under a private placement. As a result of issuance to the acquiror of the units under the Offering, the acquiror’s ownership percentage of common shares of the company increased by approximately 2.69% and the acquiror’s security holding percentage on a post-conversion beneficial ownership basis increased by approximately 5.2%. Immediately before the transaction, the acquiror owned, directly and indirectly, an aggregate 4,952,866 common shares of the company representing approximately 15.72% of the Issuer’s then issued and outstanding common shares and owned options entitling the purchase of an aggregate 650,000 common shares of the Issuer and warrants entitling the purchase of an aggregate 817,666 common shares of the Issuer, or, assuming exercise of the options and warrants, a total of 6,420,732 common shares or approximately 19.47% of the Issuer’s common shares on a post-conversion beneficial ownership basis. Immediately after the transaction the acquiror owns, directly and indirectly, an aggregate 6,352,866 common shares of the Issuer representing approximately 18.41% of the Issuer’s now issued and outstanding common shares and owns options entitling the purchase of an aggregate 650,000 common shares of the Issuer and warrants entitling the purchase of an aggregate 2,217,866 common shares of the Issuer, or, assuming
exercise of the options and warrants, a total of 9,220,732 common shares or approximately 24.67% of the Issuer’s common shares on a post-conversion beneficial ownership basis. Board Change • Feb 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 08
Cleghorn Minerals Ltd. announced that it expects to receive CAD 0.15 million in funding Cleghorn Minerals Ltd. announced a non-brokered private placement to issue 3,000,000 Units at CAD 0.05 per Unit price for gross proceeds CAD 150,000 on February 8, 2024. Each Unit will consist of one common share in the capital of the Company and one non transferable share purchase warrant, each warrant entitling the purchase of one common share at a per share price of CAD 0.07 for three years from the date of issuance of the securities. The offering is subject to acceptance by the TSX Venture Exchange. Directors and/or officers of Cleghorn will participate in the offering. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the TSX Venture Exchange. Board Change • Jan 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Karen Rees was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jul 08
Cleghorn Minerals Ltd., Annual General Meeting, Sep 08, 2023 Cleghorn Minerals Ltd., Annual General Meeting, Sep 08, 2023. Annuncio • Jul 12
Cleghorn Minerals Ltd., Annual General Meeting, Sep 09, 2022 Cleghorn Minerals Ltd., Annual General Meeting, Sep 09, 2022. Annuncio • Oct 06
Cleghorn Minerals Ltd. Announces Executive Changes Cleghorn Minerals Ltd. announced the appointment of Karen Rees and Christian Wirth as new additions to the Board and is appreciative of the experience, diversity and skills that they will add to the Board. The Company also
thanks Andrew Pepper who did not stand for re-election for his hard work, dedication and efforts to the business and affairs of the Company over the past many years and wishes him all the very best in his future endeavours. Annuncio • Jul 30
Cleghorn Minerals Ltd. (TSXV:CZZ) completed the acquisition of 142 mineral claims located in the Matachewan area of NE Ontario from Crest Resources Inc. (CNSX:CRES). Cleghorn Minerals Ltd. (TSXV:CZZ) entered into a purchase agreement to acquire 142 mineral claims located in the Matachewan area of NE Ontario from Crest Resources Inc. (CNSX:CRES) for CAD 0.09 million on March 7, 2020. As consideration for the acquisition, Cleghorn shall, on the closing of the acquisition, issue to Crest Resources 1.5 million units (the "Payment Units") of Cleghorn. Each Payment Unit shall consist of one common share of Cleghorn and one-half of one warrant. Each warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.10 per share for a period of two years from the date of issuance. Closing of the acquisition is subject to approval from the TSX Venture Exchange.
Cleghorn Minerals Ltd. (TSXV:CZZ) completed the acquisition of 142 mineral claims located in the Matachewan area of NE Ontario from Crest Resources Inc. (CNSX:CRES) on April 8, 2020. 