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DelphX Announces Non-Brokered Unit Private Placement
Newsfile· 2025-08-29 22:10
Group 1 - DelphX Capital Markets Inc. has closed a non-brokered private placement of 5,000,000 units at a subscription price of C$0.05 per unit, resulting in gross proceeds of C$250,000 [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at a price of $0.08 for two years [1] - Insiders subscribed for 200,000 units, qualifying the offering as a "related party transaction" under MI 61-101, but exemptions from formal valuation and minority approval were utilized [2] Group 2 - The offering has been conditionally accepted by the TSX Venture Exchange, with completion subject to customary requirements and final acceptance [3] - The net proceeds from the offering will be used for general corporate purposes [3] Group 3 - DelphX focuses on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [4][6] - CPOs provide secured rating downgrade protection for corporate bonds and cryptocurrency holdings, while CRNs offer capped exposure to rating downgrades and cryptocurrency losses in exchange for attractive returns [6]
Kadestone Capital Corp. Reports Q2 2025 Financial Results
Newsfile· 2025-08-29 21:40
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF) ("Kadestone" or the "Company"), a vertically integrated property company, today announced its financial results for the six months ended June 30, 2025.Financial Results For the six months ended June 30, 2025, the Company reported a net loss of $2,485,124, or $0.05 per share, compared to a net loss of $1,703,048, or $0.04 per share, for the same period in the prior year. The increased loss w ...
Enduro Metals Announces Extension to Deadline to Complete Second Tranche of Financing
Newsfile· 2025-08-29 21:00
Group 1 - Enduro Metals Corporation has received a 30-day extension from the TSX Venture Exchange to complete the final documentation for its non-brokered private placement offering, now due by September 29, 2025 [1] - The first tranche of the financing was successfully closed on August 19, 2025, raising a total of $2,730,477 [1] - The company is currently finalizing the closing process for the second and final tranche, with all orders already received [1] Group 2 - Enduro Metals is focused on its Newmont Lake Project, which spans a total area of 688 km² located in British Columbia's Golden Triangle [2] - The geological team has identified multiple deposit environments of interest within the Newmont Lake Project, including high-grade epithermal/skarn gold and copper-gold alkalic porphyry mineralization [2]
Ciscom Corp. Announces Business and Corporate Updates
Newsfile· 2025-08-29 21:00
Business Updates - Prospect Media Group ("Prospect") is enhancing client solutions through proprietary data and analytic tools such as Shopography and Mixography, aiming to maximize results and deliver the best ROI for clients [2] - Prospect has added 7 new clients by the end of August 2025, focusing on revenue growth and accelerating AI tools as part of its digital and analytic growth mandates [3] Corporate Developments - The Company is working to strengthen its Board of Directors by identifying strategic areas for additional expertise, particularly in growing Prospect and fueling Ciscom's acquisition strategy [4] - The Board has decided to vacate the Chair seat held by Paul Gaynor, who will remain an independent director and a member of the audit committee [4] Company Overview - Ciscom Corp. actively invests in, acquires, and manages companies in the Information and Communication Technology (ICT) sector, specializing in AdTech and MarTech, targeting SMEs with proven profitability [5] - The Company aims to enhance shareholder value through strategic ICT acquisitions and is recognized as an emergent force in the data-driven and technology market [5] - Ciscom became an issuer on the CSE in June 2023 and on the OTCQB in October 2023, with two subsidiaries: Market Focus Direct and Prospect Media Group [5]
37 Capital Closes First Tranche of Private Placement
Newsfile· 2025-08-29 21:00
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - 37 Capital Inc. (CSE: JJJ) ("37 Capital" or the "Company"). Further to the Company's new releases dated July 23, 2025 and July 30, 2025, the Company has closed the first tranche of the equity financing for total gross proceeds of $178,500 and issued 2,550,000 units at the price of $0.07 per unit. Each unit consists of one common share of the Company and one share purchase warrant to acquire one common share of the Company at a price of $0.10 ...
Eguana Announces Second Quarter 2025 Financial Results
Newsfile· 2025-08-29 20:30
Core Viewpoint - Eguana Technologies Inc. reported significant financial growth in Q2 2025, driven by increased utility engagements and favorable changes in investment tax credit rules in the USA, positioning the company for further advancements in energy storage technology [3][4]. Financial Performance - Q2 2025 revenue reached $0.9 million, marking a 426% increase compared to Q2 2024, with total revenue for the first half of 2025 at $1.9 million, a 407% increase from $0.5 million in the same period last year [4]. - Gross margin for Q2 2025 was approximately $424,934, representing a 44% improvement from a negative gross margin of $62,781 in Q2 2024, with a total gross margin of $886,108 for the first half of 2025, reflecting a 46% improvement [4]. - The operating loss for Q2 2025 was $698,385, a reduction from $1,590,267 in Q2 2024, while the net loss for the first half of 2025 was $1,263,835, a 58% improvement from $3,116,992 in the same period last year [4]. Business Developments - The company is actively engaging in utility projects across Canada, with ongoing and planned projects in British Columbia, Alberta, Ontario, and Nova Scotia, utilizing Canadian technology to enhance the distributed grid [3]. - Eguana has successfully entered the California demand response market and is continuing shipments to its Western Canadian utility partner for feeder improvement projects, with new orders anticipated in Q4 [5]. - The company has been awarded a development contract supported by federal and municipal funds to enhance the Eguana Edge platform and demonstrate solutions in commercial building applications [13]. Strategic Partnerships - Eguana has partnered with ITOCHU Corporation to extend the end date of its convertible debenture to November 30, 2025, allowing for further negotiations on a long-term solution [4]. - A partnership with a US-based provider of third-party finance for utility infrastructure is being developed, aimed at eliminating capital requirements for utilities and homeowners [13].
Intrepid Metals Amends Property Agreements
Newsfile· 2025-08-29 20:20
Group 1: Agreements and Amendments - Intrepid Metals Corp. has entered into the CC Amendment to acquire 100% of Cave Creek's shares, extending cash payments to November 30, 2025, with an increased payment amount of $435,487.50 and issuance of 38,725 common shares and 220,000 warrants [1][3] - The Mesa Amendment restructures the work commitment for the Mesa Well Copper Property, requiring a total of $2 million in work to be completed by August 2027, eliminating yearly expenditure minimums, with additional cash payments and common shares to be issued upon TSXV approval [2][3] Group 2: Company Overview - Intrepid Metals Corp. focuses on exploring high-grade essential metals such as copper, silver, and zinc in southeastern Arizona, with several drill-ready projects including the Corral Copper Project and the Mesa Well Project [4]
Panoro Announces Cancellation of LIFE Offering
Newsfile· 2025-08-29 20:19
Core Viewpoint - Panoro Minerals Ltd. has canceled its previously announced C$10,000,000 brokered private placement due to unfavorable market conditions and is exploring alternative financing options [1][2]. Group 1: Financing and Project Development - The net proceeds from the canceled LIFE Offering were intended for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment (PEA) for the Cotabambas Project [1]. - The company is in advanced discussions regarding alternative financing options, including the receipt of a third payment from the sale of the Antilla Project and the sale of a non-core exploration project [2]. - The Cotabambas Project contains an estimated 3.3 million ounces of gold in the indicated category and 2.7 million ounces in the inferred category, along with 3.8 billion pounds of copper in the indicated category and 3.0 billion pounds in the inferred category [2]. Group 2: Market Conditions and Project Valuation - The updated PEA will incorporate current gold prices exceeding $3,400 per ounce and copper prices over $4.40 per pound, which are expected to significantly enhance the value of the Cotabambas Project [2]. - The company anticipates receiving a third payment from the Antilla Project sale in 2025, along with a contingent payment based on the estimated NPV of the project [4]. Group 3: Strategic Alternatives and Corporate Focus - Panoro is evaluating potential strategic alternatives with various parties to advance the Cotabambas Project towards construction and operation [5]. - The company remains focused on completing its technical objectives, including project optimization studies that will contribute to the PEA and define the scope for the prefeasibility study for the Cotabambas Project [3].
Purepoint Uranium Closes First Tranche of Private Placement
Newsfile· 2025-08-29 20:05
Core Viewpoint - Purepoint Uranium Group Inc. has successfully closed the first tranche of its private placement, raising a total of $456,038.14 through the issuance of flow-through units, which will be used for exploration in the Athabasca Basin [1][4]. Group 1: Private Placement Details - The first tranche consisted of 772,946 flow-through units priced at $0.59 each, with each unit including one common share and one common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.50 for 24 months from the issuance date [1]. - The second tranche of the private placement is expected to close around September 5, 2025, and is fully subscribed [2]. Group 2: Financial Arrangements - In connection with the first tranche, the company paid finders' fees totaling $27,362.29 in cash and issued 46,377 non-transferable compensation warrants [3]. - Each compensation warrant also allows the purchase of one common share at an exercise price of $0.50 for 24 months from the closing date [3]. Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated towards the exploration and advancement of the company's projects in the Athabasca Basin, Saskatchewan [4]. Group 4: Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration with a portfolio of advanced projects in the Athabasca Basin, collaborating with industry leaders such as Cameco Corporation and Orano Canada Inc. [5]. - The company also holds a VHMS project strategically located adjacent to Foran Corporation's McIlvena Bay project [6].
East Africa Metals Provides Update on Magambazi Project, Tanzania
Newsfile· 2025-08-29 20:05
Core Viewpoint - East Africa Metals Inc. is advancing the Magambazi gold project in Tanzania by partnering with Ubora Minerals Company Limited to develop a formal mining plan and secure license renewal [1][2][3]. Government Engagement and Third-Party Developer - The company has been in continuous dialogue with the Tanzanian Ministry of Minerals since operations were suspended in December 2022 due to non-compliance by the previous operator [2]. - Following a government-led mediation process, East Africa and PMM were instructed to find a qualified third-party developer, resulting in a binding Memorandum of Understanding with Ubora [3]. Financial and Development Terms - The MOU stipulates that Ubora will acquire the Magambazi Project for a cash payment of US$1.0 million and a 4% Net Smelter Returns royalty to East Africa [4]. - Ubora is committed to starting project development within 48 months after obtaining necessary approvals, targeting a production rate of 40,000 ounces of gold annually [4]. Formal Mining Plan Development - Ubora, with East Africa's support, is preparing a formal mining plan as required for the renewal of mining licenses, which will outline technical, operational, environmental, and regulatory compliance aspects [5][6]. - The plan aims to establish a framework for advancing to the next phase of mine development, benefiting local stakeholders and East Africa shareholders [7]. About the Magambazi Property - The Handeni Gold Project includes two mining licenses covering 9.9 km² and additional prospecting licenses totaling 83.5 km², with historical exploration indicating over 1.0 million ounces of gold in the Magambazi deposit [8]. About East Africa Metals Inc. - The company holds a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines and a 70% project interest in the Harvest polymetallic VMS Exploration Project in Ethiopia, alongside a 30% Net Streaming Interest in the Magambazi Mine [9]. - Since 2005, East Africa has invested US$66.8 million in African exploration, identifying 2.8 million ounces of gold and gold-equivalent resources at an average discovery cost of US$24 per ounce [10].