.jpg)
1 hour ago
3
Article content
ABU DHABI, United Arab Emirates, Aug. 13, 2026 (GLOBE NEWSWIRE) — Karim Rayani announces that an early warning report has been filed in connection with the acquisition by R7 Investments Ltd. (“R7”), a corporation controlled by Mr. Rayani, on July 16th, 2026, of 1,000,000 units of Skull Ridge Gold Corp. (the “Company”) pursuant to the Company’s recently completed non-brokered private placement.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Each unit was acquired at a price of $0.026 and consisted of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.05 per share until July 16th, 2031. R7 paid aggregate cash consideration of $26,000 for the units.
Article content
Article content
Article content
Immediately prior to the acquisition, Mr. Rayani beneficially owned, directly and indirectly, or exercised control or direction over 7,896,202 common shares of the Company and held 430,000 stock options exercisable at $0.05 per share until July 20th, 2027. These securities represented approximately 12.60% of the Company’s issued and outstanding common shares on a non-diluted basis and approximately 13.20% on a partially diluted basis, assuming the exercise of the stock options held by Mr. Rayani.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Immediately following the acquisition, Mr. Rayani beneficially owned, directly and indirectly, or exercised control or direction over 8,896,202 common shares, 430,000 stock options and 1,000,000 common share purchase warrants of the Company. These securities represented approximately 13.21% of the Company’s issued and outstanding common shares on a non-diluted basis and approximately 15.01% on a partially diluted basis, assuming the exercise of the stock options and warrants held or controlled by Mr. Rayani.
Article content
The securities were acquired for investment purposes. Mr. Rayani and R7 may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over securities of the Company through market transactions, private agreements, treasury issuances or otherwise.
Article content
An early warning report containing additional information regarding the acquisition will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. A copy may also be obtained by contacting Karim Rayani at +1.604.716.0551 or [email protected]
Article content
On Behalf of R7 Investments Ltd.
Article content
KARIM RAYANI
Chairman/CEO
Article content
Article content
Article content
Article content
Article content
Article content
English (US)