Stockwatch

Cleghorn Minerals Ltd
Symbol	CZZ
Shares Issued	29,408,618
Close 2023-05-16	C$ 0.05
Market Cap	C$ 1,470,431
Recent Sedar Documents

Cleghorn shareholder Mullan acquire 650,000 units

2023-05-18 15:14 ET - News Release

LeBlanc Subject: Cleghorn Minerals Ltd. (TSXV:CZZ) - Press Release for Dissemination Word Document File: '\\swfile\EmailIn\20230518 120015 Attachment Press Release - Mullan (Cleghorn May2023PP).docx' - 1 - ZHR\12588-3\Press Release - Mullan (Cleghorn May2023PP).docx PRESS RELEASE This press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Val-d'Or, Quebec - May 18, 2023 - Glenn J. Mullan of 152 chemin de la Mine Ecole, Val-d'Or, Quebec J9P 7B6, reports that he has acquired 650,000 units (the "Units") of Cleghorn Minerals Ltd. (the "Issuer"), having a head office at 152 chemin de la Mine Ecole, Val-d'Or, Quebec J9P 7B6, under a private placement offering by the Issuer (the "Offering") sold at a price of $0.0525 per Unit, each Unit comprised of one common share in the capital of the Issuer and one non-transferable share purchase warrant, each warrant entitling the purchase of one common share in the capital of the Issuer at a per share price of $0.07 until May 18, 2025. The securities were issued by the Issuer from its treasury for total cash consideration of $34,125. As a result of the issuance to Mr. Mullan by the Issuer of the Units under the Offering, Mr. Mullan's ownership percentage of warrants increased by approximately 31.02% and Mr. Mullan's securityholding percentage on a post-conversion beneficial ownership basis increased by approximately 2.12%. Immediately before the transaction that triggered the requirement to issue this release, Mr. Mullan owned, directly and indirectly, an aggregate 5,613,928 common shares of the Issuer representing approximately 19.09% of the Issuer's then issued and outstanding common shares and owned options entitling the purchase of an aggregate 990,861 common shares of the Issuer, or, assuming exercise of the options, a total of 6,604,789 common shares or approximately 21.73% of the Issuer's common shares on a post-conversion beneficial ownership basis. Immediately after the transaction that triggered the requirement to issue this release, Mr. Mullan owns, directly and indirectly, an aggregate 6,263,928 common shares of the Issuer representing approximately 19.88% of the Issuer's now issued and outstanding common shares and owns options entitling the purchase of an aggregate 990,861 common shares of the Issuer and warrants entitling the purchase of an aggregate 650,000 common shares of the Issuer, or, assuming exercise of the options and warrants, a total of 7,904,789 common shares or approximately 23.85% of the Issuer's common shares on a post-conversion beneficial ownership basis. The securities were acquired for investment purposes by Mr. Mullan and he will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Mullan has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he owns. Mr. Mullan may, in the future, exercise options and warrants that he owns and, thus, acquire further common shares in the capital of the Issuer. A report respecting this acquisition will be electronically filed with regulators in Alberta, British Columbia, Ontario and Quebec and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. To obtain a copy of the report, contact Mr. Mullan at (819) 824-2808. (signed) "Glenn J. Mullan" Glenn J. Mullan PDF Document File: Attachment Press Release - Mullan (Cleghorn May2023PP).pdf PRESS RELEASE This press release is issued pursuant to National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Val-d'Or, Quebec May 18, 2023 Glenn J. Mullan of 152 chemin de la Mine Ecole, Val-d'Or, Quebec J9P 7B6, reports that he has acquired 650,000 units (the "Units") of Cleghorn Minerals Ltd. (the "Issuer"), having a head office at 152 chemin de la Mine Ecole, Val-d'Or, Quebec J9P 7B6, under a private placement offering by the Issuer (the "Offering") sold at a price of $0.0525 per Unit, each Unit comprised of one common share in the capital of the Issuer and one non-transferable share purchase warrant, each warrant entitling the purchase of one common share in the capital of the Issuer at a per share price of $0.07 until May 18, 2025. The securities were issued by the Issuer from its treasury for total cash consideration of $34,125. As a result of the issuance to Mr. Mullan by the Issuer of the Units under the Offering, Mr. Mullan's ownership percentage of warrants increased by approximately 31.02% and Mr. Mullan's securityholding percentage on a post-conversion beneficial ownership basis increased by approximately 2.12%. Immediately before the transaction that triggered the requirement to issue this release, Mr. Mullan owned, directly and indirectly, an aggregate 5,613,928 common shares of the Issuer representing approximately 19.09% of the Issuer's then issued and outstanding common shares and owned options entitling the purchase of an aggregate 990,861 common shares of the Issuer, or, assuming exercise of the options, a total of 6,604,789 common shares or approximately 21.73% of the Issuer's common shares on a post-conversion beneficial ownership basis. Immediately after the transaction that triggered the requirement to issue this release, Mr. Mullan owns, directly and indirectly, an aggregate 6,263,928 common shares of the Issuer representing approximately 19.88% of the Issuer's now issued and outstanding common shares and owns options entitling the purchase of an aggregate 990,861 common shares of the Issuer and warrants entitling the purchase of an aggregate 650,000 common shares of the Issuer, or, assuming exercise of the options and warrants, a total of 7,904,789 common shares or approximately 23.85% of the Issuer's common shares on a post- conversion beneficial ownership basis. The securities were acquired for investment purposes by Mr. Mullan and he will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Mullan has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he owns. Mr. Mullan may, in the future, exercise options and warrants that he owns and, thus, acquire further common shares in the capital of the Issuer. A report respecting this acquisition will be electronically filed with regulators in Alberta, British Columbia, Ontario and Quebec and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. To obtain a copy of the report, contact Mr. Mullan at (819) 824-2808. (signed) "Glenn J. Mullan" Glenn J. Mullan