Greenland Mines Ltd. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits
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Item 1.01 Entry into a Material Definitive Agreement
On June 15, 2026, Greenland Mines Ltd. (the “Company”) entered into a Share Exchange Agreement (the “Agreement”) with AnorTech Inc. (“AnorTech”), a TSXV traded company, pursuant to which the Company agreed to acquire 19,958,503 common shares of AnorTech, representing approximately 9.9% of AnorTech’s issued and outstanding common shares on a post-closing basis.
On June 22, 2026, pursuant to the Agreement, the Company issued 12,400,000 shares of its common stock (the “Exchange Shares”) to AnorTech in exchange for the AnorTech shares.
The Agreement also grants the Company an option, exercisable for six months following closing, to acquire up to an additional 25,168,669 common shares of AnorTech at a price per share equal to the greater of: (i) CAD$0.30, and (ii) the last closing price of AnorTech common stock on the TSXV prior to the exercise of the option. If exercised, the option exercise price will be satisfied through the issuance of additional shares of the Company’s common stock, valued based on the volume weighted average trading price of the Company’s common stock immediately prior to the closing of such exercise.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 3.02 Unregistered Sales of Equity Securities
The disclosure set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. On June 22, 2026, the Company issued 12,400,000 shares of its common stock to AnorTech pursuant to the Agreement. The shares were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D promulgated thereunder. The shares were issued without general solicitation or advertising.
Item 9.01 Financial Statements and Exhibits.
| Exhibits | Description | |
| 10.1 | Securities Exchange Agreement | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: June 22, 2026 | GREENLAND MINES LTD. | |
| By: | /s/ Joseph Sinkule | |
| Name: | Joseph Sinkule | |
| Title: | Chief Executive Officer | |
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