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North Peak cancels 1M shares bought from Solarljos for C$800K, reducing share count and supporting humanitarian work.

Company Fundamentals
01 Sep 2026
Newsfile Corp
View Source
Bullish
pluang ai news

North Peak Resources Ltd. completed the purchase and cancellation of 1,000,000 common shares from Solarljos, LLC at C$0.80 per share, totaling C$800,000. This transaction reduces North Peak's outstanding shares to 48,973,642 and reflects confidence in their Prospect Mountain Property, where drilling is underway. The proceeds support the Erickson family's humanitarian efforts in Africa. Solarljos now holds 7,000,000 shares, about 14.29% of the company. The transaction was approved under related party rules and did not require minority shareholder approval due to its size relative to market capitalization.

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