お知らせ • Jul 02
Sugarbowl Copper Ltd signed a letter of intent to acquire Power Group Projects Corp. (TSXV:PGP) in a reverse merger transaction for CAD 0.4 million. Sugarbowl Copper Ltd signed a letter of intent to acquire Power Group Projects Corp. (TSXV:PGP) in a reverse merger transaction for CAD 0.4 million on June 27, 2025. Following completion of the transaction, it is anticipated that the Company will continue be listed as a Tier 2 Mining issuer on the TSX Venture Exchange and will continue the existing business of Sugarbowl. The capital structure of the Company currently consists of 16,956,056 common shares. Except for 5,000,000 common share purchase warrants exercisable at a price of CAD 0.05 until June 19, 2029, there are no outstanding securities or rights of the Company which are convertible or have the right to acquire PGP Shares. The capital structure of Sugarbowl currently consists of 78,800,000 common shares and an equivalent number of share purchase warrants. Immediately prior to completion of the Transaction, the Company will consolidate (the “Consolidation”) the outstanding PGP Shares on a ten-for-one basis. In consideration for Transaction, the Company will issue 20,000,000 Resulting Issuer Shares and 10,000,000 share purchase warrants to the existing share and warrant holders of Sugarbowl. Each Resulting Issuer Warrant will entitle the holder to acquire an additional Resulting Issuer Share at a price of CAD0.20 for a period of sixty months following issuance. Upon completion of the Transaction, it is expected that the Company will change its name and reconstitute its board of directors and management of the Company. The Company will provide further information concerning the proposed new name and directors and officers of the Company as soon as it becomes available. Completion of the Transaction is subject to a number of conditions including the satisfactory completion of due diligence, the negotiation and entering into of a definitive agreement, receipt of all required regulatory and third-party consents, including approval of the TSX-V, receipt of approval of the shareholders of the Company, completion of the Concurrent Financing and satisfaction of other customary closing conditions. The Transaction requires approval of the shareholders of the Company in accordance with the policies of the TSX Venture Exchange. The Company intends to obtain shareholder approval through the written consent of the majority of its outstanding share capital. お知らせ • Jun 20
Power Group Projects Corp. announced that it has received CAD 0.1 million in funding On June 19, 2025, Power Group Projects Corp. closed the transaction. Each warrant entitles the subscriber to purchase one additional common share of the issuer at a price of CAD 0.05 per warrant share at any time on of before June 19, 2029. No commissions or fees were paid in connection with closing. The units are subject to a 4 month and one day hold period from the date of issue. お知らせ • May 21
Power Group Projects Corp. announced that it expects to receive CAD 0.1 million in funding Power Group Projects Corp announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 100,000 on May 20, 2025. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant entitles the Subscriber to purchase one additional common share of the Issuer at a price of CAD 0.05 per Warrant Share for a period of four years from the Closing Date. There will be no insider participation in the Financing. お知らせ • Feb 12
Power Group Projects Corp. Appoints Christopher Huggins to Board of Directors Power Group Projects Corp. confirmed that Mr. Christopher Huggins has joined its Board of Directors, effective February 10, 2025. Mr. Huggins brings over 25 years of expertise in the mining, technology and capital equipment industries. Holding a BSc in geology (honours), he began his career as a regional exploration geologist with Homestake, working on notable projects around Eskay Creek, Snip Mine, Stewart and Dease Lake camps. Over the past 15 years, he has delivered innovative capital equipment and financial solutions for surface and underground mining operations in the Northwest Territories and Yukon. Mr. Huggins has also managed global and national Caterpillar accounts at Finning, and has been president, chief executive officer and board member for a number of gold, uranium and battery metal exploration companies. Currently, he is CEO of Collective Metals Inc. and Troubadour Resources Inc. お知らせ • Dec 19
Power Group Projects Corp. Announces Resignation of Brad Kitchen as Director Power Group Projects Corp. announced that Mr. Brad Kitchen has resigned as a director of the Company. The Company is evaluating a possible replacement for Mr. Kitchen. お知らせ • Oct 07
Power Group Projects Corp., Annual General Meeting, Dec 12, 2024 Power Group Projects Corp., Annual General Meeting, Dec 12, 2024. お知らせ • Oct 03
Power Group Projects Corp. Announces Resignation of Eric Boehnke as Director Power Group Projects Corp. announced that Mr. Eric Boehnke resigned as a director of the Company. The Company is evaluating a possible replacement for Mr. Boehnke and the Board would like to express its sincere gratitude and appreciation to Mr. Boehnke for his invaluable support and contribution to the Company during his tenure of office. New Risk • Jun 04
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$72k 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$72k free cash flow). Share price has been highly volatile over the past 3 months (485% average daily change). Negative equity (-CA$150k). Revenue is less than US$1m. Market cap is less than US$10m (€401.8k market cap, or US$436.6k). お知らせ • Aug 19
Power Group Projects Corp., Annual General Meeting, Oct 19, 2023 Power Group Projects Corp., Annual General Meeting, Oct 19, 2023. New Risk • Jun 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$2.9k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$400k free cash flow). Share price has been highly volatile over the past 3 months (50% average daily change). Negative equity (-CA$2.9k). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€829.2k market cap, or US$902.5k). Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Scott Koyich is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jun 23
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Scott Koyich is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Member of Advisory Board Scott Koyich is the most experienced director on the board, commencing their role in 2017. Independent Director Yana Bobrovskaya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.