Core Points - Great Pacific Gold Corp. has successfully closed a brokered private placement offering, raising gross proceeds of $16.9 million [1] - The offering involved the issuance of 37,655,200 units at a price of $0.45 per unit, each consisting of one common share and one-half of a common share purchase warrant [2] - The net proceeds will be allocated for drilling at the Wild Dog Project, exploration activities in Papua New Guinea, and general administrative expenses [4] Offering Details - The offering was led by Canaccord Genuity Corp. and included a syndicate of agents such as Haywood Securities Inc., Clarus Securities Inc., and Cormark Securities Inc. [1] - Each warrant allows the holder to purchase one common share at an exercise price of $0.70 for three years [2] - Agents received a cash fee of 6.0% of the gross proceeds and were granted broker warrants equal to 6.0% of the units sold [5] Project Focus - The company is focused on developing gold-copper resources in Papua New Guinea, with key projects including the Wild Dog Project, Kesar Project, and Arau Project [7][10] - The Wild Dog Project is a brownfield exploration site with a history of small-scale gold mining, while the Kesar Project is a greenfield exploration project with high-priority targets [10] - The Arau Project contains the Mt. Victor exploration target, which has shown promising results from previous drilling programs [10]

Core Viewpoint - Reconnaissance Energy Africa Ltd. has successfully completed an upsized underwritten public offering, raising approximately C$19 million for exploration and corporate purposes [1][2]. Offering Details - The offering was led by Research Capital Corporation, with participation from Canaccord Genuity Corp. and Haywood Securities Inc. [2] - BW Energy Limited and other investors contributed approximately C$4.7 million to the offering, with BW Energy's units subject to a six-month lock-up agreement [2][3]. - Each unit consists of one common share and one warrant, allowing the purchase of an additional common share at C$0.60 until June 17, 2027 [3]. Use of Proceeds - Net proceeds from the offering will primarily fund exploration activities, specifically the drilling of the Kavango West 1X well [4]. - The company is finalizing access road and drill site preparations while awaiting necessary permits, with drilling scheduled to commence in late June 2025 [4]. Exploration Potential - The Kavango West 1X well targets 346 million barrels of gross unrisked prospective light/medium crude oil resources and 1,839 billion cubic feet of gross unrisked prospective natural gas resources [5]. - The Damara Fold Belt play, where the well is located, spans 11.5 million acres across Namibia and Angola, with significant estimated resources [6][7]. Strategic Developments - The company has entered a Memorandum of Understanding with Angola's National Agency for Petroleum, Gas and Biofuels for a joint exploration project, enhancing its asset portfolio [7]. - The agreement adds 5.2 million contiguous acres in Angola to the existing 6.3 million acres in Namibia, emphasizing the potential of the Damara Fold Belt and Rift Basin [7]. Resource Estimates - The Damara Fold Belt is estimated to hold 2.6 billion barrels of unrisked prospective light/medium crude oil resources, with 156.5 million barrels risked [8]. - The prospective resources are categorized based on the level of certainty associated with recoverable estimates, with no guarantee of discovery or commercial viability [6][23].

Offering Details - Altura Energy Corp. closed a brokered private placement offering of 19,855,000 units at a price of $0.10 per unit, resulting in gross proceeds of $1,985,500 [1][2] - Each unit consists of one common share and one warrant, with warrants exercisable at $0.25 until June 11, 2030 [2] - The offering was conducted by Haywood Securities Inc., which received a cash commission of $138,985 and 1,389,850 compensation options [3] Financial Transactions - The company made a partial repayment of $150,000 to ANB Bank, leaving an outstanding balance of $205,000, to be paid in monthly installments of $10,000 starting September 21, 2025 [4] - The company settled outstanding payables of $231,000 to Jasper Management & Advisory Corp. for $150,000, issuing 1,500,000 common shares at a deemed price of $0.10 per share [6] - A proposed debt settlement with Nancy Burke involves issuing 5,266,830 common shares at a deemed price of $0.10 per share, subject to TSX Venture Exchange approval [9] Related Party Transactions - Mr. Ian Telfer, a director of the company, subscribed for 1,000,000 units for gross proceeds of $100,000, constituting a related party transaction [5] - The payables settlement with JMAC also qualifies as a related party transaction, as it is controlled by a director of the company [7][8] Advisory Services - The company issued 1,500,000 units to Haywood Securities Inc. for strategic advisory services rendered, at a deemed value of $225,000 [10] Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [11]

Core Points - Altura Energy Corp. has increased the size of its brokered private placement from $1,500,000 to $1,985,500, allowing for the issuance of up to 19,855,000 units at a price of $0.10 per unit [1][4] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months [2][4] - The offering is expected to close around June 11, 2025, subject to necessary approvals, including from the TSX Venture Exchange [4] Financial Utilization - The net proceeds from the offering will be used to repay existing indebtedness and for working capital and general corporate purposes [5] Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [7]