Mining Stock News: Atlantic Industrial (TSXV: ANL.H) Announces Name Change to Sylla Gold Corp. and Consolidation
 
Bedford, Nova Scotia - April 23, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Atlantic Industrial Minerals Incorporation (TSXV: ANL.H) (the "Company") is pleased to announce that its has filed articles of amendment to change its name to "Sylla Gold Corp." (the "Name Change") and consolidate its issued and outstanding common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for one post-consolidation Common Share (the "Consolidation"). The Name Change and Consolidation were approved by shareholders of the Company at its annual and special meeting held on September 11, 2020. The Common Shares are expected to commence trading under the new name "Sylla Gold Corp." on a consolidated basis on April 23, 2021, under the Company's new symbol "SYG.H". Following the Consolidation, the Company will have approximately 5,250,914 Common Shares outstanding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would have otherwise been issued have been rounded down to the nearest whole number. The change in the number of issued and outstanding Common Shares resulting from the Consolidation will not materially affect any shareholder's percentage ownership in the Company, although such ownership will be represented by a smaller number of Common Shares. Letters of transmittal with respect to the Name Change and Consolidation have been mailed out to the Company's registered shareholders. All registered shareholders will be required to send their share certificates, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Name Change and Consolidation. A copy of the letter of transmittal will be posted on the Company's issuer profile on SEDAR at www.sedar.com. For more information, please contact:
J. Francois Lalonde
Email: lalondejf@atlanticindustrialminerals.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. More Info:
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Mining Stock News: Atlantic Industrial (TSXV: ANL.H) Announces Name Change to Sylla Gold Corp. and Consolidation

02/19/2021 | 05:35pm EST
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Bedford, Nova Scotia--(Newsfile Corp. - February 19, 2021) - Atlantic Industrial Minerals Incorporation (NEX: ANL.H) (the "Company") is pleased to announce that it has agreed to settle and aggregate of $491,057.90 of indebtedness owed to certain arm's length and non-arm's length creditors through the issuance of an aggregate of 9,821,158 common shares ("Common Shares") of the Company at a deemed price of $0.05 per Common Share (the "Debt Settlement"). Of this amount, $205,000.00 of indebtedness relates to the provision of management fees and loans for an aggregate of 4,100,000 Common Shares, which will be issued to the Company's Chief Financial Officer and director. In addition, the Company is pleased to announce that it intends to change the name of the Company to "Sylla Gold Corp.", or such name as the directors of the Company may determine and as may be acceptable to the Director appointed under the Canada Business Corporations Act (the "Name Change") and complete a consolidation of the outstanding Common Shares in the capital of the Company on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares (the "Consolidation"). In addition, after the completion of the Name Change and the Consolidation, the Company intends to complete a non-brokered private placement of up to 50,000,000 units ("Units") at a price of $0.02 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Post-Consolidation, each Unit of the Company will be at a deemed price of $0.10 per Unit. Each whole Unit will be comprised of one Common Share and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one post-Consolidation Common Share for a period of twelve (12) months after the closing date of the Offering at an exercise price of $0.15 per post-Consolidation Common Share. The Name Change, Consolidation, Offering and Debt Settlement remain subject to receipt of all necessary corporate and regulatory approvals, including the approval of the NEX, and in the case of the settlement of indebtedness to the Company's Chief Financial Officer and director, subject to receiving disinterested shareholder approval, which the Company will be seeking at the next meeting of shareholders of the Company. All securities issued in connection with the Offering and Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Management is currently investigating transactions to enhance shareholder value to our faithful shareholders. The Debt Settlement will constitute a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as an insider of the Company will be issued an aggregate of 4,100,000 Common Shares. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the Common Shares being issued to insiders in connection with the Debt Settlement does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. A material change report will be filed not less than 21 days before the closing date of the Debt Settlement. This shorter period was reasonable and necessary in the circumstances, as it was necessary for the Company to complete the Debt Settlement to immediately improve the financial position of the Company. In addition, the Company is pleased to announce that pursuant to the terms of an option agreement ("Option Agreement") dated July 12, 2019 between the Company and Gregory Isenor, a director and officer of the Company, Mr. Isenor exercised his option to acquire 100% undivided interest in 33 mineral claims comprising the Glencoe Carbonate property located in Inverness County, Nova Scotia (the "Property") for an aggregate amount of $5,000 on February 11, 2021. The Company received disinterested shareholder approval to sell all, or substantially all, of the Property at its annual and special meeting held on August 16, 2019. For more information, please contact:
J. Francois Lalonde

Atlantic Industrial Announces Debt Settlement, Name Change and Consolidation

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Bedford, Nova Scotia--(Newsfile Corp. - June 10, 2020) - Atlantic Industrial Minerals Incorporation (TSXV: ANL.H) (the "Company") wishes to provide an update with respect to the filing of: (i) its audited annual financial statements for the year end February 28, 2020 and the related management discussion and analysis ("MD&A") and (ii) its interim financial statements and related MD&A with respect to the interim period ended May 31, 2020. The Company will invoke the Nova Scotia Securities Commission blanket order No. 51-512 (the "Blanket Order") extending deadlines to file financial statements and related MD&A's. The Company is relying on the relief therein for its audited financial statements for the year end February 28, 2020, as required by Section 4.2 of National Instrument 51-102, the interim financial period ended May 31, 2020, as required by Section 4.3 of National Instrument 51-102 and the related MD&A as required by section 5.1(2) of National Instrument 51-102. The Company estimates that the audited financial statements and the related MD&A for the year end February 28, 2020, will be filed no later than July 31, 2020, and the interim financial statements and the related MD&A for the interim period ended May 31, 2020, will be filed no later than August 14, 2020. Until the financial statements and related MD&A's are filed, management and other insiders of the Company are subject to a trading black-out policy that reflects the principles of section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Other than as previously disclosed by the Company, there have been no material business developments since the date of the interim financial stated for the interim period ended November 30, 2019 that were filed on January 27, 2020. For more information, please contact:
J. Francois Lalonde

Atlantic Industrial Minerals Announces Delay to Filing Financial Statements Caused By COVID-19

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Atlantic Industrial aims to provide industrial services to refineries, power plants, and pulp and paper mills.

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