NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / December 3, 2024 / Pathfinder Ventures Inc. (TSXV:RV) ("Pathfinder Ventures" or the "Company") is pleased to announce the following corporate updates:
1. Delivery of Annual General Meeting Materials
The Company announces that it has scheduled its annual general meeting (the "Meeting") of shareholders for Friday, December 20, 2024 at 11:00 a.m. (Pacific Time). Due to the ongoing postal disruption, materials for the Meeting may not be delivered in time for the Meeting.
The Notice, Information Circular, form of Proxy (for registered shareholders) and form of Voting Instruction Form (for non-objecting beneficial owners) is available at (i) www.sedarplus.ca under the Company's profile and (ii) at the following URL: https://pathfinderventures.ca/investors/. Alternatively, you may email a representative of the Company at: IR@pathfinderventures.ca to request that a copy of the AGM materials be emailed to you.
Since the electronic form of Proxy and VIF lack control numbers, Proxies and VIF's cannot be voted online or by phone, and must be physically completed, signed, and returned to the Company's transfer agent, Odyssey Trust Company, by (i) physical delivery or facsimile (see details in the Information Circular), or (ii) email to: proxy@odysseytrust.com.
2. Extension of Closing for Non-Brokered Private Placement
Pathfinder has extended the closing date for the second tranche of its non-brokered private placement first announced July 8, 2024 and has upsized the total offering to 20,000,000 units ("Units") at a price of $0.10 per Unit for gross proceeds of up to $2,000,000 of which 7,000,000 units ($700,000) were issued on September 13, 2024. The Company intends to extend the offering for the remaining balance of 13,000,000 Units to December 20, 2024.
Each Unit is comprised of one post-consolidation common share (a "Share") of the Company and one-half of a non-transferable purchase warrant, with a whole warrant ("Warrant") entitling the holder to purchase a common share at a price of $0.20 for a period of 36 months, subject to accelerated expiry upon certain events.
The Issuer intends to use the net proceeds to fund and advance upgrades and expansion at its RV resorts, to advance acquisition opportunities within its pipeline, and for general working capital. All securities issued will be subject to a four month hold period.
Completion of the Private Placement remains subject to the approval of the TSX Venture Exchange.
3. Appointment of Interim Chairman
The Board of Directors Board (the "Board") of the Company has appointed Mr. Allen Szmyrko as Interim Chairman of the Company's Board.
About Pathfinder Ventures
Pathfinder Ventures Inc. is a leading operator of RV Resorts and Manufactured Housing Communities, committed to delivering exceptional hospitality and modern amenities as a core aspect of its portfolio.
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca|| PathfinderCampResorts.com
Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information Cautionary Statement
This news release contains forward-looking statement related to Pathfinder's board of directors. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, and refinancing and funding. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on Sedar. Although RV 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, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Pathfinder Ventures Inc.
View the original press release on accesswire.com
