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Metasphere Labs Announces Details of Share Consolidation
Thenewswire· 2025-08-01 22:25
Core Viewpoint - Metasphere Labs Inc. is proceeding with a share consolidation, converting every four old common shares into one new common share, effective August 8, 2025, following shareholder approval on July 21, 2025 [1][2]. Group 1: Share Consolidation Details - The total number of issued and outstanding common shares will be reduced to approximately 10,721,664 as a result of the consolidation [2]. - No fractional shares will be issued; any fractions will be rounded down to the nearest whole number, and no cash will be paid for fractional shares [2]. - The exercise or conversion price and the number of common shares under any outstanding convertible securities will be proportionately adjusted [2]. Group 2: Strategic Implications - The company believes that the share consolidation will enhance its attractiveness for financing opportunities and facilitate the restructuring and settlement of existing liabilities [4]. - Completion of the share consolidation is subject to appropriate regulatory filings with the Canadian Securities Exchange (CSE) [4]. Group 3: Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [4].
Vanguard Mining Announces Closing of Private Placement of Units
Thenewswire· 2025-08-01 22:00
Core Viewpoint - Vanguard Mining Corp. has successfully closed a non-brokered private placement of units, raising gross proceeds of $1,924,444.65 for exploration and working capital purposes [1][4]. Group 1: Offering Details - The LIFE Units were priced at $0.15 each, consisting of one common share and one-half of a transferable common share purchase warrant [1]. - Each whole LIFE Warrant allows the holder to purchase an additional share at $0.22 for 18 months, with an acceleration clause if the share price exceeds $0.32 for five consecutive trading days [1]. - The offering was made under the Listed Issuer Financing Exemption, allowing sales to purchasers in all Canadian provinces except Quebec, with no hold period for the securities [2]. Group 2: Financial Aspects - The company paid a finder fee of $131,755.60 and issued 878,371 non-transferable finders' warrants, each allowing the purchase of a common share at $0.22 for 18 months [3]. - The proceeds from the offering will be allocated to exploration programs on mineral properties and general working capital [4]. Group 3: Company Overview - Vanguard Mining Corp. is focused on discovering and developing strategic minerals, particularly uranium, in the U.S. and Paraguay [6]. - The company aims to identify and develop assets critical to the global energy transition, emphasizing responsible exploration and value creation [6].
Hi-View Announces Closing Of First Tranche Of Non-Brokered Flow Through Private Placement
Thenewswire· 2025-08-01 21:20
Core Points - Hi-View Resources Inc. has completed the first tranche of a non-brokered flow-through private placement, raising gross proceeds of $361,670.93 by issuing 3,444,485 flow-through units at a price of $0.105 per unit [1][2] - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$0.30 until August 1, 2028 [2] - The proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the company's projects in Canada [2] Company Participation - A director and officer of the company acquired a total of 952,524 units in the private placement, which is classified as a related party transaction [3] - The company is relying on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3] Financial Details - Finder's fees of $710.01 in cash and 20,955 broker warrants were paid to eligible finders, with each broker warrant allowing the purchase of one additional common share at a price of $0.30 until August 1, 2028 [4] - All securities issued in the private placement are subject to a hold period of four months and one day, expiring on December 2, 2025 [5] Future Plans - The company is preparing for a second tranche of the private placement, available to certain subscribers under B.C. Instrument 45-536 [6] - The company confirms that there are no undisclosed material facts or changes regarding its operations [6] Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region of northern British Columbia, with properties covering 9,749 hectares [9] - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades [9] - Recent sampling in 2024 yielded up to 111.5 g/t gold and 2,740 g/t silver, indicating substantial exploration potential [9]
Lincoln Gold Announces Intention to Close Second Tranche of Private Placement Financing
Thenewswire· 2025-08-01 21:20
Core Points - Lincoln Gold Mining Inc. plans to close a second tranche of its non-brokered private placement financing on August 11, 2025, aiming to raise gross proceeds of up to $1,014,400 through the issuance of 6,762,666 units at a price of $0.15 per unit [1][2][3] Group 1: Financing Details - Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at a price of $0.35 for 24 months [2] - The proceeds from the second tranche will be used for general administrative expenses and to advance the Bell Mountain Project towards production, as well as to complete production permitting at the Pine Grove Project [3] Group 2: Regulatory and Compliance Information - All securities issued under the second tranche will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws [3] - The second tranche remains subject to final approval from the TSX Venture Exchange [5] Group 3: Company Overview - Lincoln Gold is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property, both located in the Walker Lane mineral belt [6]
Silver Crown Provides Corporate Update
Thenewswire· 2025-08-01 21:00
Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [4] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the impact of cost inflation [4] Recent Developments - Gold Mountain Mining Corp. and its subsidiaries have been placed under receivership proceedings, which the company is closely monitoring [1][2] - The company holds a royalty agreement with Elk Gold Mining Corporation, which is part of the affected subsidiaries [2] Management Commentary - The CEO of Silver Crown emphasized that the company's prudent approach to royalty agreements and diversification is intended to provide a buffer against adverse events, allowing for continued revenue growth [3]
Grounded People Announces Director Resignation
Thenewswire· 2025-08-01 20:30
Company Overview - Grounded People Apparel Inc. is an innovative apparel company based in Vancouver, Canada, focused on delivering high-quality, 100% PeTA-approved vegan products [2] - The company specializes in fair-trade, sustainable, and earth-conscious fashion, with initial products including high-top and low-cut canvas sneakers made from sustainable materials [2] Recent Developments - Mr. Patrick Morris has resigned from the Board of Directors of Grounded People Apparel Inc., effective immediately, and the Board expresses gratitude for his contributions [1] Social Impact Initiatives - The company aims to create a positive impact through its L.A.C.E.S. campaign, which allows consumers to choose shoelaces associated with specific charities, with all profits from these sales donated to the respective charities [3]
Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada
Thenewswire· 2025-08-01 13:00
Core Viewpoint - Element79 Gold Corp. has executed a definitive Asset Purchase Agreement to acquire a 100% interest in the Gold Mountain Project located in Lander County, Nevada, marking a strategic advancement in its operations in a prolific gold region [1][5]. Acquisition Details - The Gold Mountain Project consists of 34 unpatented mining claims in Nevada's Battle Mountain trend [2]. - Element79 Gold will acquire the Gold Mountain assets by issuing 100,000,000 common shares at a deemed price of C$0.02 per share and making a cash payment of US$137,485.85 after the next equity financing [2]. - The Vendor will retain a 3% Net Smelter Return (NSR) royalty on all future mineral production from the project [3]. Strategic Importance - The acquisition is seen as a significant step for the company, providing a drill-ready opportunity with strong geological fundamentals [5]. - The technical team is preparing an exploration program for later this year to unlock the asset's value [5]. Company Overview - Element79 Gold Corp. focuses on gold and silver exploration, with assets in Nevada and Peru [5]. - The company is advancing its Elephant project in the Battle Mountain trend and holds an option to purchase the high-grade Lucero mine in southern Peru [5]. - Element79 Gold is listed on the Canadian Securities Exchange, Frankfurt Stock Exchange, and OTC Markets [5].
Anomalous Rare Earth Elements in Smoky Quartz Samples within Quantum's Quest Property
Thenewswire· 2025-08-01 13:00
Core Insights - Quantum Critical Metals Corp. has completed additional research on its Quest critical mineral property in the Lake Chapiteau region of Québec, enhancing its strategic resource portfolio [1][2][18] - The property hosts critical and rare earth elements, with significant historical anomalous values reported for various elements [2][4] Company Developments - The company has staked an additional claim cell adjacent to its current one to expand exploration potential for rare earth elements [3] - An anomalous sample collected within the claim boundaries showed 20% Total Rare Earth Elements (TREE), with 8.7% being light rare earth elements (TLREE) and 11.3% being total heavy rare earth elements (THREE) [4] - The sample also contained notable amounts of gallium (226 gpt), germanium (78 gpt), and beryllium (15,060 gpt) [4] Industry Context - Recent geopolitical developments, including China's export restrictions on rare earth elements, have heightened concerns over supply chain security for critical minerals [7][16] - The U.S. and China reached a new trade framework to resume the supply of rare earth minerals, emphasizing the need for domestic development of rare earth mining and processing [9] - The demand for critical minerals, including gallium, is projected to grow due to their essential roles in modern technologies such as semiconductors and renewable energy [13][19]
Plantify Foods Provides Update on its Acquisition of Smart Repair Pro
Thenewswire· 2025-08-01 12:00
Core Viewpoint - Plantify Foods, Inc. is progressing with its acquisition of Smart Repair Pro, with specific financial milestones and conditions outlined in the amended share purchase agreement [1][2][4]. Group 1: Transaction Details - The acquisition is governed by a share purchase agreement dated April 29, 2025, which was amended on July 31, 2025, adjusting the purchase price and establishing payment rights based on future performance [2]. - The transaction includes 15,000,000 payment rights contingent upon the Resulting Issuer listing on a US Exchange within 24 months, raising at least US$8,000,000 in financing within 48 months, and achieving annual revenues of at least US$8,000,000 within 36 months [2][4]. - The total value of the transaction is approximately $14,790,000, with a potential valuation of around $28,290,000 based on the issuance of payment shares and contingent rights [4]. Group 2: Share Issuance and Conditions - Following the transaction, the Resulting Issuer is expected to have 63,205,489 common shares issued and outstanding [4]. - The company will issue 1,232,500 common shares as finders' fees to two entities upon completion of the transaction, subject to TSXV acceptance [5]. - The issuance of contingent right shares is restricted to ensure compliance with TSXV continued listing requirements [3][4]. Group 3: Regulatory and Approval Conditions - The completion of the transaction is contingent upon several conditions, including TSXV acceptance and, if applicable, disinterested shareholder approval [5][7]. - The common shares of the company are currently halted for trading pending necessary filings with the TSXV [5].
Harvest Gold Announces Closing of Non-Brokered Private Placement with Crescat Capital as Lead Investor
Thenewswire· 2025-08-01 10:30
Core Viewpoint - Harvest Gold Corporation has successfully closed a non-brokered private placement, raising gross proceeds of approximately $2.3 million, which will be utilized for drilling and exploration activities in Quebec [1][5]. Group 1: Offering Details - The private placement consisted of 11,660,199 units priced at $0.075 per unit, generating proceeds of $874,514.93, and 13,533,666 charity flow-through units priced at $0.105 per unit, raising $1,421,034.93 [2]. - The total gross proceeds from the offering amount to $2,295,549.86 [1]. - All securities issued will be subject to a four-month hold period, expiring on December 1, 2025 [7]. Group 2: Investor Participation - Crescat Capital LLC, as the lead investor, purchased 5,866,666 units, increasing its non-diluted ownership in Harvest Gold to approximately 19.73% [3]. - Crescat's investment is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3]. Group 3: Exploration Plans - Harvest Gold is set to commence its first drilling program at the Mosseau Gold Project, while also exploring Urban Barry and Labelle for the first time [4]. - The proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects in Quebec [6]. Group 4: Company Overview - Harvest Gold Corporation has three active gold projects in the Urban Barry area, covering a total of 329 claims over 17,539.25 hectares, located approximately 45-70 km east of the Gold Fields Windfall Deposit [8]. - The company's management and technical advisors possess over 400 years of collective geological and financing experience [8].