Recent Updates — GRML
Greenland Mines Ltd. dismissed its independent registered public accounting firm, BCRG Group, following BCRG's attest business being acquired by Simon & Edward LLP (S&E) on June 15, 2026. The Audit Committee approved the appointment of S&E as the new independent auditor on June 23, 2026. Previous audit reports for fiscal years 2024 and 2025 included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern. There were no disagreements with BCRG regarding accounting principles or auditing procedures, though material weaknesses in internal control over financial reporting were previously disclosed. Greenland Mines Ltd. is a mining company.
Greenland Mines Ltd. completed a private placement on June 18, 2026, issuing 15,000,000 shares of common stock to purchasers for approximately $3,750,000 in gross proceeds. The issuance was made under Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D. Greenland Mines Ltd. is a mining company operating in the mining industry.
Greenland Mines Ltd. entered into a Share Exchange Agreement with AnorTech Inc. to acquire 19,958,503 common shares of AnorTech, representing approximately 9.9% of AnorTech's outstanding common shares. On June 22, 2026, the Company issued 12,400,000 shares of its own common stock to AnorTech in exchange for the AnorTech shares. The Company also holds an option to acquire up to 25,168,669 additional AnorTech shares at a price per share of at least CAD$0.30 or the last closing price on the TSXV. Greenland Mines Ltd. operates in the mining industry and focuses on mineral exploration and extraction.
Greenland Mines Ltd. stockholders at a special meeting held on June 18, 2026, approved a proposal to amend the Certificate of Incorporation to allow for one or more reverse stock splits of common stock with an exchange ratio between 1-for-2 and 1-for-50, with an aggregate exchange ratio not exceeding 1-for-60. Greenland Mines Ltd. is a mining company operating in the mining industry.
Greenland Mines Ltd. entered into a Securities Purchase Agreement on June 15, 2026, to issue and sell 15,000,000 shares of common stock to three investors for $3,750,000 in total proceeds. The company intends to use the net proceeds for working capital and general corporate purposes, with the closing expected to occur on or before June 25, 2026. Greenland Mines Ltd. is a mining company operating in the mining industry.