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KANSAS CITY LIFE ANNOUNCES A POTENTIAL NATIONWIDE SETTLEMENT IN COST OF INSURANCE CLASS ACTION LITIGATION
Prnewswire· 2025-06-24 20:43
Core Viewpoint - Kansas City Life Insurance Company ("KCL") has entered into a settlement agreement to resolve claims related to the cost of insurance rates in certain universal life and variable universal life policies, agreeing to pay $45 million to approximately 88,000 policyholders [1][2]. Summary by Sections Settlement Agreement - The proposed nationwide Settlement Agreement is subject to preliminary and final court approval, with KCL agreeing to pay $45 million to settle claims from around 88,000 policyholders [2]. - The settlement aims to resolve all current and potential claims regarding the cost of insurance rates for various universal life and variable universal life policies issued and administered by KCL since January 1, 2002 [3]. Ongoing Litigation - The settlement will also address claims from ongoing cases, including van Zanten and Vittetoe v. KCL, Sheldon v. KCL, and others, as well as claims from any policyholder with a Class Policy not involved in existing litigation [4]. Court Proceedings - Settlement proceedings for the Sheldon litigation will occur in the 16th Circuit Court, Jackson County Missouri, while other claims will be handled in the United States District Court for the Western District of Missouri [5]. Company Position - KCL does not admit any liability or wrongdoing in entering the Settlement Agreement and will continue to defend against any actions if the settlement is not approved [6]. - The CEO of KCL stated that the settlement is intended to eliminate future uncertainty and legal expenses, benefiting policyholders, the company, and shareholders [7].
Tier One Silver Updates LIFE Financing and Receives Bridge Loan
Newsfile· 2025-06-23 22:22
Group 1 - The targeted closing date for Tier One Silver Inc.'s LIFE offering has been extended to July 15, 2025 [1] - The company has secured a C$175,000 bridge loan from a director to cover Peruvian governmental mineral project concession fees due June 30, 2025 [1][2] - The bridge loan is unsecured, carries a 12% annual interest rate, and is due for repayment by September 30, 2025, or upon completion of the LIFE offering or other financing totaling at least C$1 million [1][2] Group 2 - The company aims to raise at least C$4.1 million through the issuance of units priced at $0.09, with each unit consisting of one common share and one share purchase warrant [2] - The net proceeds from the offering will be allocated for exploration of the Curibaya project, including drilling of the Cambaya target area, and for general corporate and working capital purposes [2] - The offering and bridge loan are subject to approval from the TSX Venture Exchange and customary completion conditions [2][3] Group 3 - The company may pay eligible finders a cash fee of 6% of the gross proceeds from the offering and issue finders warrants equal to 6% of the number of units sold [3] - Each finders warrant will have the same terms as the unit warrants [3] Group 4 - Tier One Silver is focused on discovering world-class silver, gold, and base metal deposits in Peru, with a management team experienced in capital raising and exploration success [5]
Silver North Announces Charity Flow Through LIFE Private Placement for Gross Proceeds of up to C$2.1 Million
Thenewswire· 2025-06-23 22:05
Core Viewpoint - Silver North Resources Ltd. is conducting a non-brokered private placement to raise up to $2,100,000 through the sale of charity flow-through units at a price of $0.21 per unit, aimed at funding exploration activities on its mineral properties in the Yukon Territory [1][2]. Group 1: Offering Details - The Offering consists of charity flow-through units (CFT Units), each comprising one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.35 for 48 months [1]. - The gross proceeds from the sale of CFT Units will be used to incur eligible Canadian exploration expenses related to the Company's projects in the Yukon, with a commitment to renounce these expenditures to subscribers by December 31, 2025 [3]. Group 2: Exploration Plans - Proceeds from the financing will be allocated to exploration programs on the Haldane and GDR projects, including a prospecting and mapping program on the Veronica claim block of the GDR Project, which is adjacent to the Tim Property [8]. - At Haldane, a diamond drilling program consisting of 10 holes (2,500 meters) will target the expansion of silver-lead-zinc mineralization at the Main Fault target, with previous drilling returning significant grades of silver and other minerals [9]. Group 3: Regulatory Compliance - The Offering will comply with the policies of the TSX Venture Exchange and is subject to necessary regulatory approvals [4]. - The Offered Securities will be available for sale to purchasers in Canada and other qualifying jurisdictions without a hold period due to the Listed Issuer Financing Exemption [5].
Defiance Silver Corp. Announces Closing of Brokered LIFE Offering and Concurrent Non-Brokered Offering for Total Gross Proceeds of C$16.5 Million
Newsfile· 2025-06-20 18:10
Core Viewpoint - Defiance Silver Corp. successfully closed a brokered private placement and a concurrent non-brokered offering, raising total gross proceeds of C$16.5 million [2]. Group 1: Brokered Offering - The brokered offering generated gross proceeds of C$15 million, with the sale of 60 million units at a price of C$0.25 per unit [2][3]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at C$0.35 until June 20, 2027 [3]. - Red Cloud Securities Inc. acted as the sole agent, receiving a cash commission of C$824,950 and 3,299,800 broker warrants [4]. Group 2: Use of Proceeds - The net proceeds from the brokered offering will be allocated for exploration work, a mineral resource estimate at the San Acacio project, cash option payments on the Tepal project, and general working capital [5]. Group 3: Non-Brokered Offering - The non-brokered offering raised additional gross proceeds of up to C$1.5 million by selling 6 million units at C$0.25 per unit [11]. - Each non-brokered unit also consists of one common share and one-half of a common share purchase warrant, with similar terms as the brokered offering [11]. - A cash commission of C$90,000 was paid to an arm-length finder, along with the issuance of 360,000 finder warrants [12]. Group 4: Regulatory Compliance - The units were issued under the listed issuer financing exemption and are freely tradeable under applicable Canadian securities legislation [6]. - The offerings are subject to final approval from the TSX Venture Exchange [13]. Group 5: Company Overview - Defiance Silver Corp. is focused on advancing the Zacatecas project and the Tepal Gold/Copper project in Mexico, aiming to develop premier silver and gold deposits [15].
Talon Metals Closes $41 Million Financing Comprised of $25 Million Brokered Private Placement and Concurrent $16 Million Non-Brokered Private Placement
Newsfile· 2025-06-18 13:14
Core Viewpoint - Talon Metals Corp. has successfully closed a total financing of $41 million through a brokered private placement and a concurrent non-brokered private placement to advance its Tamarack Nickel Project and for general corporate purposes [1][2][5]. Group 1: Financing Details - The brokered private placement (LIFE Offering) raised gross proceeds of $25.3 million by issuing 115,000,000 units at a price of $0.22 per unit [1]. - The non-brokered private placement (Non-LIFE Offering) generated gross proceeds of $15.69 million through the issuance of 71,318,184 units at the same offering price [2]. - The total financing amount of $41 million consists of both the LIFE and Non-LIFE offerings [1][2]. Group 2: Unit Structure and Warrant Details - Each LIFE Unit and Non-LIFE Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.28 for 36 months [4]. - If the closing price of common shares exceeds $0.56 for 20 consecutive trading days, the company may accelerate the expiry date of the warrants [4]. Group 3: Use of Proceeds - The net proceeds from the offerings will be utilized to advance the Tamarack Nickel Project, as well as for general administrative expenses and working capital [5]. Group 4: Participation and Related Party Transactions - Certain directors and affiliates of Pallinghurst Nickel International Ltd. participated in the Non-LIFE Offering, acquiring 6,222,728 units for approximately $1.37 million [3][7]. - Following this acquisition, these parties hold about 0.55% of the issued and outstanding common shares on a non-diluted basis [8]. Group 5: Company Overview - Talon Metals Corp. is a base metals company listed on the TSX, engaged in a joint venture with Rio Tinto on the Tamarack Nickel-Copper-Cobalt Project in Minnesota [10]. - The company currently owns 51% of the Tamarack Nickel Project and has plans to expand its high-grade nickel mineralization resource [10]. - Talon has received significant funding from the US Department of Energy and the US Department of Defense to support its exploration efforts [10].
Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters' Option for Gross Proceeds of $23,003,105
GlobeNewswire News Room· 2025-06-16 14:24
Group 1 - Goliath Resources Limited has closed a "bought deal" private placement of 7,256,500 common shares at a price of C$3.17 per share, raising aggregate gross proceeds of C$23,003,103 [1] - The company is also completing a concurrent non-brokered private placement of up to 1,281,545 Charity Flow-Through Shares for gross proceeds of up to C$4,062,500 [2] - The Offering was led by Stifel Nicolaus Canada Inc. and included a cash commission of 6.0% and 435,390 common share purchase warrants [3] Group 2 - Proceeds from the Offering will be used to advance exploration of the Golddigger-Surebet Project and to incur Canadian exploration expenses [4] - The Charity Flow-Through Shares will allow individual subscribers in British Columbia to claim a provincial non-refundable tax credit equal to 20% of their flow-through mining expenditures [4] Group 3 - All Charity Flow-Through Shares were issued under the "listed issuer financing" exemption and are not subject to a statutory hold period [5] - The Offering is subject to final approval from the TSX Venture Exchange [5] Group 4 - Goliath Resources is focused on precious metals exploration in the Golden Triangle of northwestern British Columbia, with projects in high-quality geological settings [8] - Key strategic shareholders include Crescat Capital and McEwen Mining Inc. [8]
Pampa Metals Announces $5 million LIFE Offering
Thenewswire· 2025-06-13 21:55
Core Viewpoint - Pampa Metals Corp. is initiating a non-brokered private placement aiming to raise between $4 million and $5 million through the issuance of shares priced at $0.16 each, with Canaccord Genuity Corp. serving as the financial advisor for this offering [1][6]. Group 1: Offering Details - The private placement will consist of up to 31,250,000 shares offered under the Listed Issuer Financing Exemption, applicable in all Canadian provinces except Quebec [2]. - The offering is scheduled to close around June 27, 2025, and is subject to customary conditions for such transactions [4]. - The shares will not be subject to a Canadian hold period as per applicable securities laws [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration at the Piuquenes Project and the Cobrasco Project, as well as for working capital and general corporate purposes [4]. Group 3: Financial Advisor and Fees - Canaccord Genuity Corp. will receive an advisory fee of 1% of the total gross proceeds raised from the offering [6]. - The company may also pay finder's fees of up to 5% in cash and 5% in finder's warrants, with warrants having an exercise price of $0.30 and a term of 2 years [6]. Group 4: Company Background - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [7]. - The company has entered into an agreement to acquire an 80% interest in the Piuquenes Copper-Gold Porphyry Project in Argentina and plans to acquire 100% of Rugby Resources Ltd., which will provide an 80% interest in the Cobrasco Project in Colombia [7].
PesoRama Announces $5 Million LIFE Offering
Newsfile· 2025-06-10 11:18
Core Viewpoint - PesoRama Inc. is conducting a non-brokered private placement to raise up to $5 million through the sale of 33,333,333 units at a price of $0.15 per unit, aimed at store expansion and working capital [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants exercisable for 24 months from 60 days after the closing date [1]. - The closing of the offering is expected around June 26, 2025, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The offering will be available in all Canadian provinces except Québec, and securities issued to Canadian residents will not be subject to a hold period [4]. Group 2: Insider Participation and Fees - Insiders may participate in the offering, with their units subject to a four-month hold period, and such participation will be considered a related party transaction [7]. - The company will pay a fee of 1% of gross proceeds to Markette Ventures Inc. for facilitating the offering through a digital platform [8]. - Additional fees may be paid to eligible finders, including a cash fee of up to 7% of gross proceeds and non-transferable warrants equal to up to 7% of the units issued [9][10]. Group 3: Company Background - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, targeting high-density, high-traffic locations since its launch in 2019 [12]. - The company currently operates 25 stores offering a variety of merchandise, including household goods, pet supplies, and snack foods [12].
Ucore Announces Books Closed on C$15.5 Million LIFE Offering and Full Exercise of Agents' Option
Newsfile· 2025-06-10 10:54
Group 1 - Ucore Rare Metals Inc. has successfully closed its upsized private placement with total orders amounting to C$15.5 million, which is over-subscribed [1][2] - The initial offering was announced for gross proceeds of up to C$10 million but was increased due to strong investor demand [2] - The offering is expected to close around June 19, 2025, pending necessary approvals, including from the TSX Venture Exchange [3] Group 2 - The units issued under the offering are available to purchasers under the listed issuer financing exemption, with no resale restrictions under applicable Canadian securities laws [4] - Ucore is focused on rare and critical metal resources, aiming to become a leading advanced technology company in metal separation products and services [7] - The company plans to disrupt China's control over the North American rare earth element supply chain through the development of processing facilities in the U.S. and Canada [8]
Argyle Closes C$1 Million LIFE Offering
Newsfile· 2025-06-09 20:00
Core Points - Argyle Resources Corp. has successfully closed an offering of 2,000,000 units at a price of C$0.50 per unit, raising gross proceeds of up to C$1,000,000 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with the warrants exercisable at C$0.61 for 24 months [1] - The offering was conducted under the listed issuer financing exemption, allowing for no resale restrictions in Canada, except Quebec [2] Financial Details - The total cash payment to finders for their services amounted to C$27,000, along with the issuance of 54,000 broker warrants, each exercisable at C$0.61 for 24 months [4] - The net proceeds from the offering are intended for general working capital purposes [4] Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America [6] - The company holds options for various projects, including the Frenchvale Graphite Property in Nova Scotia and owns interests in quartzite silica projects in Quebec [6] - Argyle was incorporated in 2023 and is headquartered in Calgary, Alberta [7]