05:46:17 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Cleghorn Minerals Ltd
Symbol CZZ
Shares Issued 34,503,854
Close 2025-01-13 C$ 0.04
Market Cap C$ 1,380,154
Recent Sedar Documents

Cleghorn holder Mullan's FD holdings up to 35.99%

2025-01-31 18:30 ET - News Release

Mr. Glenn Mullan, a shareholder, reports

PRESS RELEASE

Glenn J. Mullan of Val d'Or, Que., has acquired two million units of Cleghorn Minerals Ltd. (the issuer), under a private placement offering by the issuer sold at a price of five cents per unit, each unit comprised 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 eight cents until Jan. 31, 2028. The securities were issued by the issuer from its treasury for total cash consideration of $100,000. As a result of the issuance to Mr. Mullan by the issuer of the units under the offering, Mr. Mullan's securityholding percentage of common shares of the issuer increased by approximately 2.23 per cent; and increased Mr. Mullan's securityholding percentage on a postconversion beneficial ownership basis by approximately 4.84 per cent.

Immediately before the transaction that triggered the requirement to issue this release, Mr. Mullan owned, directly and indirectly, an aggregate 9,339,928 common shares of the issuer representing approximately 27.07 per cent of the issuer's issued and outstanding common shares, and owned options entitling the purchase of 795,000 common shares of the issuer and owned warrants entitling the purchase of 1.25 million common shares of the issuer; or, assuming exercise of the options and conversion of the warrants, Mr. Mullan owned, directly and indirectly, a total of 11,384,928 common shares or approximately 31.15 per cent of the issuer's common shares on a postconversion beneficial ownership basis.

Immediately after the transaction that triggered the requirement to issue this release, Mr. Mullan owns, directly and indirectly, an aggregate 11,339,928 common shares of the issuer representing approximately 29.30 per cent of the issuer's issued and outstanding common shares, and owns options entitling the purchase of 795,000 common shares of the issuer and owns warrants entitling the purchase of 3.25 million common shares of the issuer; or, assuming exercise of the options and conversion of warrants, Mr. Mullan now owns, directly and indirectly, a total of 15,384,928 common shares or approximately 35.99 per cent of the issuer's common shares on a postconversion 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 SEDAR+ under the issuer's issuer profile. To obtain a copy of the report, contact Mr. Mullan at 819-824-2808.

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