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Viva Gold Announces Private Placement Offering
Thenewswire· 2025-12-11 12:00
Core Viewpoint - Viva Gold Corp. is initiating a non-brokered private placement to raise up to CDN$3,000,000 by offering 18,750,000 units at CDN$0.16 each, with each unit comprising one common share and one-half of a warrant [1] Group 1: Offering Details - The offering consists of up to 18,750,000 units priced at CDN$0.16 per unit, aiming for gross proceeds of up to CDN$3,000,000 [1] - Each unit includes one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant exercisable at CDN$0.24 for 36 months [1] - The company may pay finder's fees, subject to TSX Venture Exchange policies, and the offering is pending approval from the exchange [4] Group 2: Insider Participation - Certain insiders may participate in the offering, which would be classified as a "related party transaction" under MI 61-101 [2] - The company anticipates that insider participation will be exempt from formal valuation and minority shareholder approval as it will not exceed 25% of the company's market capitalization [2] Group 3: Use of Proceeds - Proceeds from the offering will be allocated primarily for Pre-Feasibility/Feasibility study work at the Tonopah Gold Project, including technical and environmental studies [3] - Additional funds will be used for geophysical surveys, geological work, and general working capital [3] Group 4: Company Overview - Viva Gold's Tonopah Gold Project is located in a prominent mining area in Nevada and has a high confidence level gold mineral resource [5] - The company is committed to environmentally and socially responsible development, led by experienced management [5][6] - Viva Gold trades on the TSX Venture exchange under the symbol "VAU" and has approximately 145.3 million shares outstanding [6]
Star Royalties Announces Conversion of Elk Gold Royalty
Thenewswire· 2025-12-11 12:00
Core Viewpoint - Star Royalties Ltd. has entered into a binding agreement with Nhwelmen Construction Limited Partnership, allowing Elk Gold Mining Corp. to repurchase the Company's 2% net smelter return royalty on the Elk Gold Mine in exchange for a 5% equity ownership in Gold Mountain Mining Corp. following the resolution of Gold Mountain's court-appointed receivership process [1][2]. Transaction Highlights - The restructuring enables the Company to capitalize on the reorganization of Elk Gold and maintain optionality regarding the underlying resources [2]. - The equity position in Gold Mountain expands the Company's exposure to 21,187 hectares, significantly increasing the land package previously covered by the royalty [2]. - Elk Gold will be developed by a reputable operator known for safety and environmental stewardship, with permitting support from NCLP [2]. - The restructuring aligns the interests of the Company, NCLP, and the Nlaka'pamux Nation Tribal Council for long-term value maximization of Elk Gold [4]. Wealth Creation Potential - Near-term catalysts for Elk Gold include a revised resource statement, updated mine plan, exploration programs, and the announcement of a development partner [4]. - The new equity stake in Gold Mountain is expected to potentially surpass the value of the 2% NSR royalty, with unchanged positive asset attributes such as location, grade profile, and near-term cash flow potential [4].
Critical Infrastructure Technologies Ltd. Announces Resignation of Director
Thenewswire· 2025-12-11 01:25
Company Overview - Critical Infrastructure Technologies Ltd. (CiTech) is listed on the CSE and operates in Perth, Western Australia, focusing on creating autonomous, high-capacity, rapidly deployable technology for essential services [2] - The company is targeting the mining, emergency services, and defense sectors with its first product, the Nexus 16, which aims to provide critical mobile telecommunications [2] Product Development - CiTech's self-deploying platform (SDP) addresses two major limitations of current rapidly deployable communication solutions: the strength of the tower and the ability to rapidly self-deploy and operate in various situations [2] - The SDP is designed to support radio equipment, including LTE and other technology payloads such as surveillance and anti-drone systems [2] - The company has completed the research and development phase and is currently in the process of commercializing its first product, with plans for additional products in the future [2] Management Changes - The company announced the resignation of Mr. Richard Paolone as Director, effective December 9, 2025, and expressed gratitude for his contributions [1]
GOAT Industries Completes Acquisition Of Betsource
Thenewswire· 2025-12-10 23:40
Core Viewpoint - GOAT Industries Ltd. has successfully acquired 1509467 B.C. Ltd. and Veroom, Inc., enhancing its portfolio with a focus on licensed, data-driven affiliate and digital engagement businesses [1][2] Business of the Targets - 150 BC is the parent company of Source Gaming, a digital media and technology firm based in Pennsylvania, specializing in sports and sports-betting content [2] - Source Gaming generates revenue through subscriptions, advertising, and affiliate-based revenues, operating in the U.S. and Ontario, Canada [2] - Source Gaming holds affiliate licenses in over 15 U.S. states and Ontario, allowing revenue generation from user subscriptions to licensed sportsbooks [2] Product Overview - Source Gaming's core product, BETSource, integrates sports books and interactive applications to enhance user experience during live sports [3] - BETSource includes contextual advertising features, enabling monetization in live and on-demand video content [3] - The platform allows casinos to manage branded wagering channels and utilize AI-driven advertising [3] Vroom's Role - Vroom acts as the sales and marketing division for Source Gaming, focusing on partner acquisition and advertising sales [4][5] - The team at Vroom leverages industry relationships to drive revenue growth and adoption of the BETSource platform [5] Transaction Terms - GOAT acquired all issued securities of the Targets for 70,000,000 common shares at a deemed price of $0.21 per share [6] - The acquisition includes 62,710,000 performance warrants, exercisable at $0.45 per share, with vesting milestones based on revenue targets of $10 million and $20 million [6] Escrow and Share Release - 62,500,000 shares are subject to a voluntary escrow with a structured release schedule based on the filing of a business acquisition report [7] - Additional shares held by the CEO of Source Gaming are under an enhanced voluntary escrow with a longer release schedule [7] Board and Governance - Henry Frecon III has been appointed to the Board of Directors, bringing experience from Source Gaming [9] - A voting trust agreement has been established for the Vendors, allowing a board member to exercise voting rights on their behalf [10] Financing and Support - GOAT has entered into a secured convertible note with 1509 for up to $1,000,000 to support the BETSource platform's development [11] - The company completed a private placement financing totaling $5,379,713.10, consisting of units that include shares and warrants [12]
New Age Metals Expands Bonanza Ridge Gold And Critical Metals Project/Strategic Acquisition Of Lavender Lake & South Gibi Lake Properties
Thenewswire· 2025-12-10 22:20
Core Insights - New Age Metals Inc. has entered into an option agreement to acquire the Lavender and Gibi Properties, expanding its exploration portfolio in the Kenora Gold District [1][3][14] - The combined land position now totals approximately 8,500 hectares, enhancing the company's strategic footprint in a region known for both precious and critical metals [3][19] Property Details - The Lavender Property consists of 64 mining claims and 1 patented mining claim, covering 1,335 hectares, while the Gibi Property includes 186 mining claims totaling 3,881 hectares [2] - The company has the option to acquire 100% of these properties, subject to a 2% net smelter return royalty, which can be reduced to 1% for a payment of $1 million [2] Exploration and Sampling - A due diligence site visit in October 2025 confirmed the presence of multiple mineralized structural targets across both properties, with known occurrences of gold and copper [6][7] - Grab samples from the Lavender Property showed significant mineralization, including copper values up to 10,014 ppm and gold values up to 172 ppb [9][11] Strategic Positioning - The acquisition strengthens the company's position in the Bonanza Ridge Gold and Critical Metals Project area, which is recognized for its potential in gold and critical metals exploration [3][14] - The Kenora Gold District is noted for its historic gold production and ongoing investment from major mining companies, making it an attractive area for new discoveries [19] Financial Terms of the Agreement - The option agreement includes a series of cash payments and share issuances over three years, starting with $15,000 within 10 days of regulatory approval [20][21] - The agreement allows the company to terminate after the first year's commitments are fulfilled, with no finder's fees associated with the transaction [20] Infrastructure and Access - The properties benefit from excellent year-round access and infrastructure, including nearby highways and power transmission lines, facilitating exploration activities [7][18] - The strategic location near Kenora provides direct access to mining services and skilled labor, enhancing the company's operational capabilities [7][19]
Aether Global Innovations Signs Binding Letter of Intent with Private British Columbia Tech Company, Arion Defense
Thenewswire· 2025-12-10 21:00
Core Viewpoint - Aether Global Innovations Corp. has signed a letter of intent to acquire Arion Defense Inc. for 20,156,994 common shares at a deemed issue price of $0.36, which positions Aether to enhance its presence in the security and defense sectors [1][7][8] Company Overview - Aether Global Innovations Corp. specializes in drone management and automation, focusing on critical infrastructure and large public and private facilities [11] - Arion Defense Inc. is engaged in modernizing physical security through counter-drone technology and a footwear scanning platform [2] Acquisition Details - The acquisition involves Aether issuing 20,156,994 common shares to Arion at a price of $0.36 per share [1] - Arion will provide a secured working capital loan of $150,000 to Aether, which is forgivable upon completion of the acquisition [6] Strategic Positioning - The acquisition of Arion is expected to strategically position Aether as a leader in the Canadian and international security and defense sectors, particularly with a focus on defense spending [7][8] - Arion's existing partnerships and technologies, including a joint venture for counter-UAV products, will enhance Aether's capabilities in the defense market [3][4] Financial Commitments - Under the joint-venture agreement, Bravo Zulu Drone Defense Inc. is required to fund approximately USD $500,000 for demonstration equipment to secure military contracts in South Asia [4] - Arion has negotiated a profit-sharing agreement with Bravo Zulu, allowing it to earn two-thirds of the net profits from a joint-venture order of up to USD $25 million [4] Technology and Innovation - Arion holds an exclusive patent license for the Footwear Screening Platform from Pacific Northwest National Laboratory, enhancing Aether's technological offerings in security scanning [5]
Cosigo Resources Announces Private Placement And Assembles A Pulverization Mill And Camp Level Metallurgical Gravity Lab
Thenewswire· 2025-12-10 19:50
Core Viewpoint - Cosigo Resources Ltd. is initiating a Private Placement to raise up to CAD$1,000,000, with units priced at CAD$0.08 and warrants at CAD$0.15, aimed at funding exploration activities and general working capital [1][4]. Group 1: Private Placement Details - The Private Placement will consist of units priced at CAD$0.08, with each unit including a full warrant priced at CAD$0.15, allowing the purchase of additional shares for 60 months [1]. - The offering is non-brokered and subject to a statutory hold period of four months and a day from the closing date, requiring approval from the TSX Venture Exchange [2]. - Insiders of the Company will participate in the placement, which is classified as a related party transaction under MI 61-101, relying on specific exemptions from formal valuation and minority shareholder approval [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for prospecting, mapping, and sampling on the Taraira property and Willow Creek Nevada property, as well as for general working capital [4]. Group 3: Equipment and Operations - The Company is nearing completion of its on-site sample pulverization mill and metallurgical gravity laboratory, which will enhance its ability to process samples and prioritize drill targeting [5][6]. - The equipment includes a motorized sluice channel system for extracting larger gold nuggets and a Falcon-type enhanced gravity centrifuge system for processing smaller samples [5]. - The Company owns 100% of the capital assets, with 90% of the equipment already on-site or within the country, aiming for a fully operational mill and laboratory by January 15th [5]. Group 4: Company Overview - Cosigo Resources Ltd. is a junior exploration company focused on gold exploration in the Taraira District of Colombia and holds interests in properties in Nevada and diamond exploration in Canada [8].
Angkor Resources Identifies Gold Prospect on Andong Meas License, Cambodia
Thenewswire· 2025-12-10 14:00
Core Insights - Angkor Resources Corp. has announced a new gold target named CZ Gold located on the west side of the Canada Wall prospect in Cambodia's Andong Meas exploration license [1][2] - The mineral exploration team identified the target based on physical workings from a tunnel, revealing a quartz stockwork with an apparent thickness of 30 meters [2] - The company plans to conduct a surface trenching and sampling program in Q1 of 2026 to further investigate the quartz stockwork and subsequently plan a diamond drill program [8] Exploration Details - The CZ Gold target consists of multiple shallow trenches and a 47-meter-long tunnel excavated by artisanal miners, located on a steep slope [2] - Historical drilling in 2012 did not intersect the quartz stockwork zone but revealed granite and 'bucky' quartz, which are often found near gold deposits [3] - The rainy season from June to November is utilized for reviewing all prospects, samples, assays, and core from the licenses [6][7] Safety and Monitoring - The company is monitoring the border conflict between Thailand and Cambodia, which has led to evacuations and school closures in nearby communities [10] - Although the Andong Meas mineral license is far from the conflict, all activities in the northwest are currently on hold to ensure staff safety [10] Company Overview - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [12] - The company holds two mineral exploration licenses in Cambodia, with multiple prospects in copper and gold [12] - Its energy subsidiary, EnerCam Resources, is advancing oil and gas exploration activities in Cambodia, aiming to establish the country as an oil and gas producer [13][14]
Baru Gold Corp. Announces Amendment to Warrant Terms
Thenewswire· 2025-12-10 14:00
Core Points - Baru Gold Corp is seeking to amend the expiry date of certain warrants from December 31, 2025, to February 15, 2026, subject to acceptance by the TSX Venture Exchange [1] - The company has a total of 25,143,465 warrants involved in this amendment, with no change to the exercise price of $0.10 per common share [1][2] Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources located in Indonesia, which is among the top ten gold-producing countries globally [2] - The company operates with a team that has extensive experience in starting and managing small-scale gold assets [2]
Hybrid Power Solutions Announces Production Start of 11 Spark Units
Thenewswire· 2025-12-10 13:35
Core Insights - Hybrid Power Solutions Inc. has commenced production of eleven Spark portable industrial battery systems for deployment through a leading national rental partner to three of North America's largest general contractors, marking a significant milestone in the commercial rollout of the Spark platform [1][3] Group 1: Product and Deployment - The Spark units are designed for zero-emission, silent operation and rapid deployment, intended to replace traditional diesel generators on various construction projects across Canada [2] - Production of the eleven Spark units has started, with delivery expected in Q1 2026, and there is strong interest from the rental partner to expand the fleet based on field performance and contractor feedback [4] Group 2: Market Demand and Benefits - The adoption of Hybrid's battery technology by major general contractors validates the performance of the Spark units and indicates a growing demand for cleaner, more efficient power solutions on job sites [3] - Key benefits of the Spark units include reduction in diesel fuel consumption and associated logistics, silent operation for extended work hours, instant power delivery, remote monitoring capabilities, and significant reduction in carbon emissions and on-site pollutants [6]