CoTec Holdings Corp. announces that a total of 279,954 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 January 25, 2024, and are exercisable for a period of 10 years at a price of $0.75 per common share, with 1/3 of the Options vesting every 12 months, over a 3-year period. About CoTec [...]
CoTec Holdings Corp. , announced today that it has filed with the TSX Venture Exchange , and the TSXV has accepted, a notice of intention to commence a normal course issuer bid for its common shares . The Corporation's board of directors believes that purchases of the Shares at below the Corporation's view of their intrinsic value are an attractive investment opportunity, a desirable use of the Corporation's available [...]
CoTec Holdings Corp. is pleased to announce that it has completed a second and final closing of its previously announced non-brokered private placement of units at a price of $0.75 per Unit for gross proceeds of up to $2,500,000 . Each Unit consists of one common share in the capital of the Corporation and one Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common Share at an exercise [...]
CoTec Holdings Corp. is pleased to announce the appointment of Mr. Erez Ichilov to its Board of Directors effective January 1, 2024. Mr. John Conlon will resign as non-executive director on the same date but will remain as an advisor to the Board. Julian Treger, CoTec CEO commented: "We are delighted to welcome Erez Ichilov to our Board. The appointment of someone with his exemplary background and success is testimony to [...]
CoTec Holdings Corp. is pleased to announce first production of recycled rare earth magnets in the United Kingdom by its 20.6 per cent investee Maginito Limited . The production run was completed by Maginito's wholly owned subsidiary HyProMag Limited in collaboration with the University of Birmingham at Tyseley Energy Park in the UK. Further production runs are planned in the coming weeks to provide customer and project [...]
CoTec Holdings Corp. is pleased to announce that it has completed an initial closing of its previously announced non-brokered private placement of up to 3,333,333 units at a price of $0.75 per Unit for gross proceeds of up to $2,500,000 . Each Unit consists of one common share in the capital of the Corporation and one Common Share purchase warrant . Each Warrant entitles the holder to purchase one Common Share at an [...]
CoTec Holdings Corp. is pleased to announce that it intends to complete a non-brokered private placement of up to 3,333,333 units at a price of $0.75 per Unit for gross proceeds of up to $2,500,000 . Each Unit will consist of one common share in the capital of the Corporation and one Common Share purchase warrant . Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $1.25 for a period [...]
CoTec Holdings Corp. is pleased to announce that it has received $2.25 million from the exercise of 3 million warrants at 75 cents by Kings Chapel International . Julian Treger, CoTec CEO, commented; "We continue to believe that CoTec's intrinsic value significantly exceeds the value reflected by its share price." "We have made substantial progress over the past nine months in the execution of our strategy of becoming a [...]
CoTec Holdings Corp. is pleased to announce it has filed its unaudited interim condensed consolidated financial statements and the accompanying management discussion and analysis for the three and nine months ended September 30, 2023. The financial statements and MD&A can be accessed under the Company's SEDAR profile at www.sedarplus.ca. The Company announced its third profitable quarter with net income for the quarter [...]
CoTec Holdings Corp. ; is pleased to announce 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 [...]
Mkango Resources Ltd. and CoTec Holdings Corp. are pleased to provide an update on the roll-out of HyProMag's rare earth magnet recycling technology into the United States. HyProMag Ltd is a wholly owned subsidiary of Maginito Ltd , which is 79.4% owned by Mkango and 20.6% owned by CoTec. Based on positive scoping studies to date, Maginito and CoTec have commenced planning for the feasibility study for the United States [...]
CoTec Holdings Corp. is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company . DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through [...]
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