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Dolly Varden Silver Announces Full Exercise of Underwriters' Option in Bought-Deal Financing for Total of $28.76 Million, with Participation by Eric Sprott
Newsfile· 2025-06-10 23:17
Core Viewpoint - Dolly Varden Silver Corporation has announced the full exercise of underwriters' option in a bought-deal financing, resulting in total gross proceeds of $28,755,500 for the company [5][6]. Group 1: Financing Details - The financing includes the sale of 2,445,500 common shares at a price of $4.60 per share, generating gross proceeds of $11,249,300 [5]. - Additionally, 1,128,000 common shares will be issued as "flow-through shares" at a price of $6.65 per share, yielding gross proceeds of $7,501,200 [5]. - Furthermore, 1,740,000 common shares will be sold as "flow-through shares" at a price of $5.75 per share, resulting in gross proceeds of $10,005,000 [5]. Group 2: Use of Proceeds - The net proceeds from the sale of common shares will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the sale of Charity FT Shares and FT Shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project [4]. Group 3: Closing and Regulatory Approvals - The offerings are expected to close on June 26, 2025, subject to necessary regulatory approvals from the TSX Venture Exchange and NYSE American [5][6]. - The LIFE Offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under applicable Canadian securities laws [7]. Group 4: Participation and Advisory - Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to participate in the transaction [3]. - Eventus Capital Corp. is serving as a special advisor to the company in connection with the offerings [8]. Group 5: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden Project and the Homestake Ridge Project, located in British Columbia, Canada [11]. - The project is known for its high-grade silver and gold resources and is considered prospective for further precious metal deposits [11].
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to $1.8 Million, with Participation by Eric Sprott
Newsfile· 2025-06-09 12:53
Core Viewpoint - Goldstorm Metals Corp. is increasing its previously announced private placement financing to $1.8 million due to strong investor demand [1] Financing Details - The Offering will consist of non-flow-through units (NFT Units) priced at $0.07 each and flow-through units (Charity FT Units) priced at $0.1008 each [1][2] - Each NFT Unit includes one common share and half a warrant, while each Charity FT Unit includes one common share and half a warrant [2] - Warrants allow holders to purchase one common share at an exercise price of $0.10 for 24 months, with an acceleration clause if the share price exceeds $0.20 for ten consecutive trading days [2] Use of Proceeds - Net proceeds from NFT Units will be allocated for working capital and general corporate purposes [3] - Gross proceeds from Charity FT Units will be used for Canadian exploration expenses, which will qualify as flow-through mining expenditures [4] Regulatory and Compliance - The Offering is subject to regulatory approval, including that of the TSX Venture Exchange [5] - Securities issued will be subject to a statutory four-month hold period [5] Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in British Columbia's Golden Triangle, known for high-grade gold deposits [6][8]
Chesapeake Gold Announces $4.4 Million Non-Brokered Private Placement with Eric Sprott
Newsfile· 2025-06-09 10:00
Core Points - Chesapeake Gold Corp. announced a non-brokered private placement of 3,700,000 units at a price of $1.20 per unit, raising gross proceeds of $4,440,000 [1] - Each unit consists of one common share and one-half common share purchase warrant, with each whole warrant exercisable at $1.65 for three years [1] - Eric Sprott, through 2176423 Ontario Ltd., is the sole subscriber for this private placement [1] Company Ownership - After the private placement, Eric Sprott will own 12,883,499 common shares and 1,850,000 warrants, representing approximately 17.9% of the outstanding common shares on a non-diluted basis and 19.9% on a partially diluted basis [2] Management Commentary - The Interim CEO expressed satisfaction with Eric Sprott's increased investment, indicating it reflects confidence in the company's strategic objectives [3] - The financing will support the advancement of proprietary leach technology and ongoing exploration, including the Lucy project [3] Use of Proceeds - Net proceeds from the private placement will be allocated to advancing the company's proprietary oxidative leach technology, ongoing exploration, and general working capital [3] Regulatory Approval - The private placement is subject to necessary approvals, including from the TSX Venture Exchange, and the units will be subject to a hold period under Canadian securities laws [4] Related Party Transaction - The private placement is classified as a related party transaction, and the company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [6] Company Overview - Chesapeake Gold Corp's flagship asset is the Metates Project in Durango State, Mexico, which hosts over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [8]
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].