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Goldstorm Metals Announces $1.0 Million Private Placement Financing with Participation by Eric Sprott
Newsfile· 2025-06-05 21:49
Core Points - Goldstorm Metals Corp. announced a non-brokered private placement offering of units at a price of $0.07 per unit for total gross proceeds of up to $1,000,000 [1][2] Group 1: Offering Details - 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 common share at an exercise price of $0.10 for 24 months [2] - The company may pay finders a fee in cash, finder's warrants, or both, based on the proceeds raised from the offering [3] - All securities issued will be subject to a four-month hold period and the offering is subject to regulatory approval [4] Group 2: Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in the Golden Triangle of British Columbia, known for high-grade gold deposits [5] - The company's flagship projects, Crown and Electrum, cover approximately 16,469 hectares across six concessions, with strategic locations near major gold deposits [5]
Eric Sprott Announces Changes to His Holdings in Kirkland Lake Discoveries Corp.
Newsfile· 2025-06-02 12:36
Summary of Key Points Core Viewpoint - Eric Sprott announced the expiration of 4,000,000 common share purchase warrants of Kirkland Lake Discoveries Corp., resulting in a decrease of approximately 3.0% in his holdings on a partially diluted basis [1][2]. Group 1: Changes in Holdings - Prior to the expiration, Mr. Sprott held 8,509,250 shares and 8,000,000 warrants, representing approximately 7.6% of the outstanding shares on a non-diluted basis and approximately 13.7% on a partially diluted basis [1]. - Following the expiration of the warrants, Mr. Sprott now beneficially owns 8,509,250 shares and 4,000,000 warrants, which translates to approximately 7.6% of the outstanding shares on a non-diluted basis and approximately 10.7% on a partially diluted basis [2]. Group 2: Investment Intentions - The securities are held for investment purposes, with a long-term view. Mr. Sprott may acquire additional securities or sell existing ones depending on market conditions and other relevant factors [3].
Tudor Gold Announces Closing of $14.95 Million Financing, with Participation by Eric Sprott
Newsfile· 2025-05-29 17:34
Core Viewpoint - Tudor Gold Corp. has successfully closed a financing round, raising approximately $14.95 million through a brokered offering and private placement, with participation from notable investor Eric Sprott [1][2]. Financing Details - The financing included the issuance of 10,158,045 non-flow-through units at a price of $0.50 per unit, 8,333,500 flow-through units for charitable purchasers at $0.75 per unit, and 6,034,752 flow-through units at $0.60 per unit [6]. - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes, while the gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek property [3][4]. Investor Participation - Eric Sprott, through his corporation, acquired 2,000,000 Common Shares and 1,000,000 Warrants as part of the financing [2]. - Related parties purchased a total of 2,227,000 Common Shares and 1,113,500 Warrants, which are classified as related party transactions [10]. Use of Proceeds - The funds raised will be utilized for exploration activities on the Treaty Creek project, which is located in British Columbia's Golden Triangle [4][11]. - The Company has committed to indemnifying subscribers for any additional taxes resulting from the Canada Revenue Agency's potential reduction of Qualifying Expenditures [4]. Regulatory Compliance - The Offerings are subject to final approval from the TSX Venture Exchange and adhere to Canadian securities laws, including a four-month hold period for the FT Units and underlying securities [8].
Eric Sprott Announces Changes to His Holdings in Benton Resources Inc.
Newsfile· 2025-05-28 12:02
Core Viewpoint - Eric Sprott has announced a significant change in his holdings in Benton Resources Inc., specifically the expiration of 5,000,000 common share purchase warrants, which has led to a decrease in his ownership percentage of the company's outstanding shares [1][2]. Group 1 - The expiration of the warrants represents a decrease of approximately 5.0% in Sprott's holdings on a partially diluted basis since the last early warning report [1]. - Prior to the expiration, Sprott owned 28,750,000 shares and 8,125,000 warrants, equating to approximately 14.0% of the outstanding shares on a non-diluted basis and 17.3% on a partially diluted basis [1]. - Following the expiration, Sprott now holds 28,750,000 shares and 3,125,000 warrants, which translates to approximately 14.0% of the outstanding shares on a non-diluted basis and 15.3% on a partially diluted basis [2]. Group 2 - The changes in Sprott's holdings are attributed to the expiration of the warrants and previous new share issuances by Benton Resources Inc., resulting in a partially diluted ownership change of greater than 2% [2]. - The securities held by Sprott are for investment purposes, and he maintains a long-term view, indicating potential future acquisitions or sales depending on market conditions [3].
Sprott to Add Physical Copper Allocation to Its Copper Miners ETF (COPP)
Globenewswire· 2025-05-21 11:00
The change will result from a modification to the Sprott Copper Miners ETF's underlying index, the Nasdaq Sprott Copper Miners Index (NSCOPP). At its scheduled June semi-annual rebalance, effective at the market open on June 23, the index will add a 4.75% allocation to physical copper via the inclusion of the Sprott Physical Copper Trust, the world's first and only physical copper investment fund. The revised NSCOPP Index methodology is available here https://indexes.nasdaqomx.com/Index/Overview/NSCOPP. The ...
Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric Sprott
Newsfile· 2025-05-15 20:53
Core Viewpoint - Tudor Gold Corp. has announced an upsized financing deal totaling $14.95 million, including the full exercise of the over-allotment option, with participation from Eric Sprott [2][3]. Financing Details - The financing consists of approximately $11.3 million from a Prospectus Offering and about $3.65 million from a Private Placement Offering [2]. - The Offered Securities include 10,158,045 non-flow-through units priced at $0.50 each, 8,333,500 flow-through units for charitable purchasers at $0.75 each, and 6,034,752 flow-through units at $0.60 each [5][6]. Use of Proceeds - Net proceeds from the sale of non-flow-through units will be allocated for working capital and general corporate purposes [6]. - Gross proceeds from flow-through units will be directed towards exploration expenses on the Treaty Creek property in British Columbia [6][7]. Closing and Regulatory Approval - The Offerings are expected to close around May 29, 2025, pending necessary approvals, including from the TSX Venture Exchange [4][10]. Agent Compensation - Agents involved in the Offerings will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of Offered Securities sold [10]. Company Overview - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, with significant interests in the Treaty Creek project [12].
Tudor Gold Announces $10 Million Financing with Participation by Eric Sprott
Newsfile· 2025-05-14 21:46
Core Viewpoint - Tudor Gold Corp. has announced a financing agreement to raise approximately $10 million through a best efforts offering of securities, with participation from notable investor Eric Sprott [2][3]. Financing Details - The financing will consist of a combination of non-flow-through units (NFT Units) priced at $0.50, flow-through units (FT Units) priced at $0.60, and charity flow-through units (Charity FT Units) priced at $0.75 [7][9]. - Each NFT Unit will include one common share and one-half of a warrant, while each FT Unit and Charity FT Unit will consist of one common share and one-half of a warrant [7][9]. - The offering is expected to close around May 29, 2025, subject to necessary approvals [5]. Use of Proceeds - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes [6]. - The gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek flagship property in British Columbia [8][9]. Agent and Fees - Research Capital Corporation is acting as the lead agent for the offering, with an option to sell an additional 15% of the offered securities [4][12]. - The agents will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of offered securities sold [12]. Company Background - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, which is known for its significant mineral deposits [14]. - The company holds a 60% interest in the Treaty Creek project, which is strategically located near other major mining properties [14].
Excellon raises C$8M in private placement backed by Eric Sprott
Proactiveinvestors NA· 2025-05-14 17:47
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Sprott Physical Uranium Trust Raises US$25.55 Million Through Non-Brokered Private Placement
Globenewswire· 2025-05-12 11:00
TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) ("Sprott") on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) ("SPUT" or the "Trust") today announced that SPUT has completed a US$25.55 million non-brokered private placement of trust units. The proceeds are expected to be used to cover general operating expenses of the Trust for the next year. "We launched SPUT with the objective of providing investors with the most liquid and efficient way to invest in physical urani ...
Sprott(SII) - 2025 Q1 - Quarterly Report
2025-05-07 11:00
Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 22 Notes to the Consolidated Financial Statements 27 Dear fellow shareholders, Q1 2025 Review Sprott's Assets Under Management ("AUM") ended the first quarter of 2025 at $35.1 billion, up 11% from $31.5 billion as at December 31, 2024. Our AUM growth during the quarter was driven by surging gold prices and strong inflows to our physical gold and silver strategies. During the first three months ...