CoTec Holdings Corp.

CoTec Holdings Corp. is pleased to provide an update in respect of its portfolio and investment initiatives currently underway. Julian Treger, CEO, commented: "The Company's portfolio continued to develop well during the past quarter and the macro global backdrop remains highly constructive for CoTec's business model. Our portfolio continues to increase in value and we expect some of this upside to be reflected in our [...]

Mkango Resources Ltd. and CoTec Holdings Corp. are pleased to provide an update on the transaction announced on 30 May 2022. The parties are currently finalising documentation and, in order to accommodate delayed timelines, CoTec has agreed to advance a further £222,500 to Mkango by way of a convertible advance note and Mkango has agreed to extend the exclusivity period to 23rd December 2022. The terms of the Advance are [...]

CoTec Holdings Corp. is pleased to announced that all resolutions were passed by requisite majority at its annual and special meeting of shareholders held earlier today in virtual format. The six incumbent directors, Julian Treger, Raffaele Genovese, Tom Albanese, John Conlon, Margot Naudie, and Sharon Fay were re-elected to the Board by shareholders. The shareholders also approved the re-appointment of [...]

CoTec Holdings Corp. announces that a total of 202,020 incentive stock options have been granted to a director and officer of the Company pursuant to the Company's 10% rolling stock option plan. The Options have an effective grant date of September 7, 2022 and are exercisable for a period of 10 years at a price of $0.46 per common share, with 1/3 of the Options vesting every 12 months, over a 3-year period. About CoTec [...]

Mkango Resources Ltd. and CoTec Holdings Corp. are pleased to announce that, further to the announcements on 30 May and 21 June 2022, CoTec has agreed to advance a further £500,000 to Mkango by way of a convertible advance note and Mkango has agreed to extend CoTec's exclusivity period with respect to the proposed transaction, announced on 30 May 2022, until 30 November 2022. The Advance is to be completed no later than [...]

CoTec Holdings Corp. is pleased to announce that it has filed its unaudited interim condensed consolidated financial statements and the accompanying management discussion and analysis for the three and six months ended June 30, 2022. The Company reported comprehensive income of approximately $2.3 million and $1.9 million for the three and six month periods ending June 30, 2022 as a result of an increase in the value of [...]

CoTec Holdings Corp. is pleased to announce that MagIron LLC , in which the Corporation has a 15.8% equity interest, has completed the purchase of selected assets from the receivership estate of Prairie River Minerals, LLC . Julian Treger, CoTec CEO commented; "this acquisition significantly enhances the MagIron business case through consolidation of the adjacent land package, secured access to substantial additional [...]

CoTec Holdings Corp. is pleased to announce that it has retained PI Financial Corp. to provide market making services in accordance with TSX Venture Exchange policies. PI will trade the securities of the Company for the purposes of maintaining an orderly market. The Company will pay PI a monthly cash fee of $5,000 in consideration of its services. The contract is for a minimum term of three months and renewable [...]

CoTec Holdings Corp. is pleased to announce that MagIron LLC , in which the Company has a 16% equity interest, has completed the placement of a $5 million secured Convertible Note , the proceeds of which will be used to further progress MagIron's strategy to restart Plant 4. The terms of the Note include: Right to convert into shares of MagIron at a conversion price that reflects a pre-money valuation of $30 million [...]

Mkango Resources and CoTec Holdings are pleased to announce that, further to the announcement on May 30th, 2022, binding legal documentation for the £500,000 unsecured convertible advance note has now been completed. Under the terms of the Advance, CoTec will transfer £500,000 to Mkango within 7 business days of conditional TSXV approval, which is pending, such transfer to be no later than 30th June 2022. Market Abuse [...]