Calgary, Alberta--(Newsfile Corp. - June 27, 2025) - Composite Alliance Group Inc. (TSXV: CAG) (the "Company" or "CAG") announces that its subsidiary, Techni-Modul Engineering S.A. ("TME"), has obtained a loan facility (the "Loan") of up to EUR€2,000,000 from a third party, Ya-King (Hong Kong) Limited ("YKL"), which Loan is unsecured, shall bear interest at a rate of 2.0% per annum, and matures on December 31, 2028. TME may draw down on the Loan from time to time to and the Loan will be used to finance its working capital. YKL is an insider of the Corporation as it owns over 10% of its outstanding securities.
Related Party Participation
The Loan is being provided by an entity controlled by an insider of CAG. As an insider of the Company participated in this transaction, it is deemed to be a "related party transaction" as defined under Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions ("MI 61-101").
Neither the Company, nor to the knowledge of the Company after reasonable inquiry, a related party, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed. Since the Loan is not convertible into shares of CAG, there will be no effect on the voting interests of any related parties. The Loan was approved by all of the directors of CAG.
The entering into of the Loan is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(f) and 5.7(1)(f)) as CAG is not listed on a specified market and the Loan is not convertible into shares of CAG.
For further information, please contact Dale Burstall, Corporate Secretary and Director, via email at dburstall@dsavocats.ca or by phone at 403-264-1915.
Forward Looking Statements
This news release may contain certain forward-looking information and statements. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond the Company's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Any forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257206
SOURCE: Composite Alliance Group Inc.
