공시 • Jul 02
EGR Exploration Ltd., Annual General Meeting, Sep 03, 2025 EGR Exploration Ltd., Annual General Meeting, Sep 03, 2025. 공시 • Nov 20
EGR Exploration Ltd. announced that it expects to receive CAD 0.7498 million in funding EGR Exploration Ltd announced a non-brokered private placement of 5,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 274,990, 8,330,000 flow-through shares at an issue price of CAD 0.06 per share for the gross proceeds of CAD 499,800; aggregate gross proceeds of CAD 774,790 on November 19, 2024. Each Unit shall consist of one common share and one half of one Common Share purchase warrant. Each Warrant will be exercisable by the holder thereof to acquire one Common Share at a price of CAD 0.10 for a period of 24 months following the closing date of the Offering. All securities issued with respect to the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. The closing of the Offering is expected to occur in mid-December 2024 and is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. Finder's fees of up to 7% in cash and 7% in finder’s warrants will be paid to eligible parties. Each finder’s warrant is exercisable at CAD 0.10 for a period of 24 months following the closing date of the Offering. New Risk • Oct 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$389k free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€1.27m market cap, or US$1.37m). Minor Risk Shareholders have been diluted in the past year (4.9% increase in shares outstanding). 공시 • Sep 18
EGR Exploration Ltd. Announces Owen Garfield Will Not Stand for Re-Election to Board of Directors EGR Exploration Ltd. announced that at the AGM, Owen Garfield did not stand for re-election to the company's board of directors. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (€1.20m market cap, or US$1.33m). 공시 • Jul 09
EGR Exploration Ltd., Annual General Meeting, Sep 10, 2024 EGR Exploration Ltd., Annual General Meeting, Sep 10, 2024. 공시 • Sep 28
EGR Exploration Ltd. Announces Changes to its Board of Directors EGR Exploration Ltd. announced the appointment of Ashley Kirwan to the Board of Directors with immediate effect and she will join the Audit Committee. The Company also announced the resignation of Sven Gollan, who will transition to an advisory role at EGR. Ashley Kirwan is a co-founder and President &CEO of Orix Geoscience Inc., an award-winning geological consulting firm recognized for their technical excellence, industry partnerships, and workplace culture. Ashley is a professional geologist (PGO), with over 15 years of experience in the mining industry. She has worked throughout North and South America; as an Exploration Geologist with Bridgeport Ventures Inc. in Nevada, and on both exploration and underground projects with Quadra FNX Mining Ltd. (now KGHM International) in Sudbury, Ontario. In 2020, Ashley was recognized with the Young Mining Professionals Eira Thomas Award as one of the top mining industry leaders under the age of 40. Ms. Kirwan received a Bachelor of Science (Honours) in Geology and a Master of Science in Mineral Exploration from Laurentian University, and completed the ICD Rotman Directors Education Program. 공시 • Jun 30
EGR Exploration Ltd., Annual General Meeting, Sep 01, 2023 EGR Exploration Ltd., Annual General Meeting, Sep 01, 2023. 공시 • May 16
EGR Exploration Ltd. announced that it has received CAD 0.95 million in funding On May 15, 2023, EGR Exploration Ltd. closed the transaction. The company amended the terms of the transaction. The company has issued 6,818,182 units at a price of CAD 0.11 per unit and 1,428,572 flow-through units at a price of CAD 0.14 per Flow-Through Unit for gross proceeds of CAD 950,000 .
Each Unit consists of one common share of the Company and one half of one Common Share purchase warrant (each whole warrant and each Flow-Through Unit consists of one flow-through common share of the Company and a half Warrant. Each Warrant is exercisable by the holder thereof to acquire one Common Share at a price of CAD 0.22 for a period of 36 months expiring on May 15, 2026.
Finder's fees of CAD14,649 was paid in cash and 129,900 finder's warrants were issued to certain eligible parties. Each finder's warrant is exercisable at CAD 0.11 for a period of 12 months expiring on May 15, 2024. Insiders are participating in the Offering for CAD 116,950. The Company is relying upon exemptions from the valuation and minority shareholder approval requirements contained in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
All securities issued with respect to the Offering will be subject to a hold period expiring on September 16, 2023. Board Change • Nov 16
No independent directors There are 8 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: 8 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Owen Garfield is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director James Forward was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 