XML 32 R18.htm IDEA: XBRL DOCUMENT
v3.23.3

RELATED PARTY TRANSACTIONS | 9 Months Ended
--- | ---
Sep. 30, 2023
Related Party Transactions |
RELATED PARTY TRANSACTIONS | 13. RELATED PARTY TRANSACTIONS The following amounts due to related parties are included in trade payables and accrued liabilities (note 7). SCHEDULE OF AMOUNTS DUE TO RELATED PARTIES, INCLUDED IN TRADE PAYABLES AND ACCRUED LIABILITIES
|  | September 30, 2023 |  |  | December 31, 2022 |
Directors and officers of the Company |  |  | 256,554 |  |  |  | 43,235 |
Total |  |  | 256,554 |  |  |  | 43,235 |
These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.
(a) | Related party transactions
Notes to the Unaudited Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2023 (Expressed in Canadian dollars) As a result of the Financing Transactions on June 28, 2023, Cymbria and certain other funds managed by EdgePoint (the “Financing Parties”) have acquired 14,772,000 common shares of the Company, representing approximately 10.9% of the Company’s issued and outstanding shares. The Financing Parties also acquired on closing an aggregate of 5,324,000 warrants with a three-year term and an exercise price of $1.4375 which, if exercised, together with the Shares acquired at closing would result in the Financing Parties holding approximately 14.2% of the Shares in the aggregate (calculated on a partially-diluted basis). As the result of the closing of the Financing Transactions, the Financing Parties are now related parties of PNRL. During the nine months ended September 30, 2023, the Company accrued and paid interest of $390,411 to the Financing Parties (September 31, 2022 – Nil). During the year ended December 31, 2022, ThreeD Capital Inc. subscribed for a further 1,213,538 common shares of PNRC (1,279,069 shares on a post-RTO and post-consolidation basis), for a further investment of $3,064,582 (USD 2,427,076) (2021 - $374,123). As of September 30, 2022, ThreeD Capital Inc. beneficially owns 6,644,950 shares (December 31, 2022 – 8,662,347 shares) in both cases on a post-RTO and post-consolidation basis, constituting approximately 5.49% (December 31, 2022– 7.5%) of the issued and outstanding shares of the Company. Between March 2 and March 3, 2022, PNRC issued promissory notes to its officers and directors as well as its shareholders as below:
Directors and officers of the Company |  |  | 35,000 |
ThreeD Capital Inc. |  |  | 762,180 |
NAN |  |  | 1,270,000 |
Total |  |  | 2,067,180 |
On April 30, 2022, all amounts owing in respect of the above promissory notes were repaid in full by payment of cash in an amount of $2,018,568, including interest and fees, and by issuing 310,000 PNRC Shares (326,740 shares of the Company on a post-RTO and post-consolidation basis).
(b) | Key management personnel is defined as members of the Board of Directors and senior officers.
Key management compensation was related to the following: SCHEDULE OF KEY MANAGEMENT COMPENSATION
|  | September 30, 2023 |  |  | September 30, 2022 |
Management fees |  |  | 2,496,109 |  |  |  | 1,701,211 |
Corporate and administration expenses |  |  | 183,341 |  |  |  | 40,884 |
Total |  |  | 2,679,450 |  |  |  | 1,742,095 |

X
- References No definition available. + Details
Name: | PNRL_DisclosureOfRelatedPartyAbstract
Namespace Prefix: | PNRL_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2023-01-01 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration