Thenewswire
Search documents
Goldgroup Announces Non-Brokered Private Placement To Fuel Strategic Acquisitions And Growth
Thenewswire· 2025-07-18 21:15
Core Viewpoint - Goldgroup Mining Inc. has announced a non-brokered private placement of up to 15,000,000 units at a price of $0.80 per unit, aiming to raise up to $12,000,000 for strategic acquisitions in the mining sector [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one-half common share purchase warrant, with full warrants exercisable at $1.10 for 24 months [1]. - If the closing price of the common shares reaches $1.25 or higher for 10 consecutive trading days, the expiry date of the warrants will be accelerated [1]. - The private placement is subject to approval from the TSX Venture Exchange, and all securities will be subject to a statutory hold period of four months and one day from closing [2]. Group 2: Strategic Vision and Use of Proceeds - The net proceeds from the private placement will be primarily used for assessing and pursuing acquisition opportunities in the mining sector [3]. - The company is focused on enhancing shareholder value through potential acquisitions of operating mines or strategic stakes in other mining companies [3]. - The company has been conducting due diligence on mineral projects but has not yet completed any acquisition transactions [3]. Group 3: Leadership Perspective - CEO Ralph Shearing emphasized that the private placement is a pivotal step in the company's growth strategy, aiming to deploy capital effectively to secure complementary assets [4]. - The company is particularly interested in opportunities within Mexico that align with its operational expertise [4]. Group 4: Company Background - Goldgroup Mining is a Canadian-based mining company that operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico [5]. - The company is led by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico [6].
Prismo Metals Announces Closing of Upsized Private Placement Silver King Exploration to Begin in July
Thenewswire· 2025-07-18 20:28
Core Viewpoint - Prismo Metals Inc. has successfully upsized and closed a non-brokered private placement, increasing the number of units issued due to strong investor demand, which reflects interest in its silver projects in Arizona [1][4]. Group 1: Private Placement Details - The private placement was increased from 5,000,000 units to 11,500,000 units, resulting in gross proceeds of $575,000 at an issue price of $0.05 per unit [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at an exercise price of $0.10 for 24 months [2]. - A second closing of the private placement is planned, with up to 2 million additional units to be issued for gross proceeds of up to $100,000 [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be used for exploration activities at the Silver King and Ripsey silver mines in Arizona, as well as for general corporate purposes [4]. - The company has also issued 150,724 shares to settle outstanding indebtedness of $7,536.20 [4]. Group 3: Exploration Plans - The CEO highlighted the strong investor interest in the company's silver projects, particularly the Silver King and Ripsey mines, and outlined a comprehensive exploration plan [4]. - A phase one drill program of a minimum of 1,000 meters is planned for the Silver King mine, which will test the mineralized body at various elevations [4]. - Detailed mapping and sampling programs are set to begin at both projects, with the potential for de-watering the Silver King shaft to access upper levels [4]. Group 4: Historical Context - The Silver King mine has a historical production of nearly 6 million ounces of silver at high grades, with some samples returning grades as high as 644 oz/t silver [9]. - The Ripsey mine has historical grades of up to 15.85 g/t gold and 276 g/t silver, but no modern exploration has been conducted [10]. - The strategic location of the Silver King mine, near the Resolution Copper project, offers potential upside for the company [11].
Beauce Gold Fields Honored to Participate in the Inauguration of Promenade des Mines
Thenewswire· 2025-07-18 16:20
Core Points - CanadaBeauce Gold Fields (BGF) is a mineral exploration company focused on gold in southern Quebec and recently attended the inauguration of the Promenade des Mines and Séraphin-Bolduc Dredge historic site, celebrating the town's mining heritage [1][3] - BGF made a symbolic donation to the Municipality of Saint-Simon-les-Mines, including a historical artifact and documents related to the Séraphin-Bolduc Dredge, which was the largest placer gold mine in Eastern North America during the 1960s [2][6] - The company aims to trace old placer gold workings back to a bedrock source to uncover economic lode gold deposits, with its flagship property being the Saint-Simon-les-Mines gold project, which is historically significant as the site of Canada's first gold rush [6] Company Overview - Beauce Gold Fields is focused on exploring and developing the largest placer gold district in Eastern North America, with a geological model suggesting that placer gold formed in stressed quartz pockets within layered domed Axis of Antiforms [6] - The company is currently drilling recently discovered antiform systems believed to have contributed to extensive auriferous placer deposits in Beauce, with historical production of large gold nuggets ranging from 50oz to 71oz [6]
GOLD'N FUTURES Announces Correction to Audited Fiancnail Statements for Year Ended December 31, 2024
Thenewswire· 2025-07-18 16:00
TORONTO, ONTARIO – July 18, 2025 - TheNewswire — GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the “Company” or “Gold’n Futures”) announces a correction to its audited financial statements for the fiscal year ended December 31, 2024 (the “Financial Statements”), which were previously filed and publicly released on July 14, 2025. During a subsequent internal review, the Company identified an inadvertent typographical error in the presentation of certain numerical values in the Financia ...
Uniserve Announces Closing of 6,000,000 Unit Private Placement at $0.30 per Unit
Thenewswire· 2025-07-18 15:25
Core Points - Uniserve Communications Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $1,800,000 by issuing 6,000,000 units at a price of $0.30 per unit [1] - Each unit consists of one common share and one-half of a transferable share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for one year [1] - The securities issued will be subject to a hold period expiring on November 19, 2025, in accordance with applicable securities laws [2] Insider Participation - Notable insider purchases include Michael C. Scholz acquiring 1,500,000 units, Kwin Grauer purchasing 100,000 units, and other directors and the CFO also participating in the offering [3] - The insider transactions are classified as "related party transactions" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority approval requirements [3] Company Overview - Uniserve provides IT solutions and services across Canada, focusing on Data Centre Solutions, Managed IT Services, and Business Internet [4] - The company operates offices in Vancouver, Calgary, and Waterloo, emphasizing secure, reliable, and customized IT solutions [4]
Quantum Closes Private Placement
Thenewswire· 2025-07-18 13:00
Core Viewpoint - Quantum Critical Metals Corp. has successfully closed its final tranche of a non-brokered private placement financing, raising gross proceeds of $580,000.30 through the sale of 5,800,003 units at a price of $0.10 per unit [1][4]. Group 1: Offering Details - The total gross proceeds from the entire offering amounted to $2,009,100.30, with 20,091,003 units sold [4]. - The company paid finder's fees totaling $54,217 in cash and issued 541,170 broker warrants for subscriptions introduced by certain persons [4]. - The offering included participation from certain insiders, amounting to $165,000.30 from the issuance of 1,650,003 units [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to fund ongoing exploration activities on the company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. Group 3: Regulatory and Compliance - The closing of the offering is subject to final approval from the TSX Venture Exchange and customary conditions for private placements [3]. - All securities issued are subject to a statutory hold period of four months and one day, expiring on November 18, 2025 [3]. Group 4: Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various promising assets [8].
Charbone Hydrogen Announces Updates on Units for Debts
Thenewswire· 2025-07-18 11:25
Core Insights - Charbone Hydrogen Corporation is North America's only publicly traded pure-play company focused on green hydrogen production and distribution [1][3] - The company has revised the total amount and number of units to be issued for debt settlements following discussions with the TSX Venture Exchange [1][2] Financial Summary - Charbone has settled a total of $1,273,702 with certain arm's-length suppliers, payable through the issuance of units [2] - A total of 16,982,689 units will be issued at a conversion price of $0.075 per unit [2] Company Overview - Charbone specializes in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region [3] - The company is developing a modular network for green hydrogen production and partners with industry players to supply helium and other specialty gases [3] - Charbone is publicly listed on the TSX Venture Exchange (TSXV: CH), OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47) [3]
Planet Ventures Buys More Bitcoin, Increases Bitcoin Treasury Holdings to 25.8 BTC and Reports 12.53 Satoshis per Share
Thenewswire· 2025-07-18 07:05
Group 1 - Company has acquired an additional 3.01639123 Bitcoin for CAD $500,000, funded from existing cash reserves, reflecting its conviction in Bitcoin as a long-term store of value [1][4] - Total Bitcoin holdings now amount to 25.82935469 Bitcoin, equivalent to 2,582,935,469 Satoshis, resulting in approximately 12.53 Satoshis per share based on 206,195,672 common shares outstanding [2][4] - Since the previous purchase on June 26th, where 3.40669032 Bitcoin was acquired for CAD $500,000, the Satoshis per share has increased over 670% [3] Group 2 - Average purchase price per Bitcoin for the latest transaction is CAD $165,760.99 (approximately USD $120,528.47) [4] - Total cumulative investment in Bitcoin to date is CAD $4,000,000 (approximately USD $2,908,509.21) [4] - Average cost basis per Bitcoin for total holdings is CAD $154,862.56 (approximately USD $112,603.66) [4]
Sendero Resources Announces Updated Option Agreement with EMSE
Thenewswire· 2025-07-17 23:45
Core Viewpoint - Sendero Resources Corp. has executed a definitive option agreement with Energía y Minerales Sociedad del Estado (EMSE) to formalize rights to exploration claims in Argentina, enhancing its land position in a copper and gold prospective district [1][2]. Group 1: Agreement Details - The new option agreement replaces the original agreement dated March 4, 2024, and applies to eight exploration claims covering a total area of 9,177 hectares (91.7 km²) [1][2]. - The total project area, including the adjacent Peñas Negras project, now comprises 21,177 hectares (211.77 km²) [2]. Group 2: Financial Commitments - The company has the right to acquire a 100% interest in the EMSE claims by incurring a total of US$5,000,000 in exploration expenditures over five years, paying an aggregate of US$65,000 over five years, and granting a 1.0% NSR royalty over all EMSE and Peñas Negras claims [6]. Group 3: Strategic Importance - The Peñas Negras Project is strategically located in the Vicuña Belt, with geological characteristics similar to other deposits in the area, and has identified multiple porphyry and high-sulfidation epithermal targets [7]. - The project is situated approximately 18 km southeast of the Caserones mine operated by Lundin Mining, indicating its proximity to significant mining operations [7]. Group 4: Company Vision - The CEO of Sendero Resources Corp. expressed commitment to advancing exploration and ensuring equitable sharing of development benefits with the local community in La Rioja [3].
Volcanic Gold Closes Upsized Private Placement, Raising $1.66 Million
Thenewswire· 2025-07-17 17:00
Group 1 - Volcanic Gold Mines Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $1,664,200 by issuing 13,868,332 units at a price of $0.12 per unit [1] - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.16 for two years after closing [1] - The company plans to use the proceeds to fund exploration activities on the Holly Property in Guatemala and for general working capital [2] Group 2 - Finder's fees for the financing included cash payments of $23,712 and 197,599 warrants with the same terms as the unit warrants [3] - Securities issued in the placement are subject to a resale restriction until November 16, 2025, and the private placement is pending final approval by the TSX Venture Exchange [3] Group 3 - Volcanic Gold Mines Inc. aims to build multi-million-ounce gold and silver resources in underexplored countries through strategic acquisitions and effective exploration programs [4]