$1.2M loan to a related company skipped a minority shareholder vote
Halcyon lent $1.2M to Northpeak Lithium — a company it shares directors with. The board approved it internally, but the required minority shareholder vote (MI 61-101) is not addressed anywhere in the disclosure.
WarningRelated-Party
Evidence
“The advance was approved by a majority of the disinterested directors.”
“Entered into a $1,200,000 unsecured short-term loan with Halcyon Capital Acquisition Corp., a related party.”
Triggering filings
| Filed | Type | Title |
|---|---|---|
| Nov 14, 2024 | MD&A | Management's Discussion & Analysis — Q3 2024 |
| Aug 14, 2024 | MD&A | Management's Discussion & Analysis — Q2 2024 |
Metadata
- Score
- 65
- Status
- Open
- Raised
- Nov 15, 2024 · 609d
flag-hca-rpt