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NOA Lithium Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$4.0 Million
Accessnewswire· 2025-11-11 12:00
Group 1 - NOA Lithium Brines Inc. has entered into an agreement with Red Cloud Securities Inc. for a private placement [1] - The company will issue 15,384,616 units at a price of C$0.26 per unit [1] - The gross proceeds from this offering are expected to be approximately C$4,000,000 [1]
Talisker Announces Closing of Final Tranche of Bought Deal Private Placement for Aggregate Gross Proceeds of C$23.0 Million
Globenewswire· 2025-11-06 14:45
Core Viewpoint - Talisker Resources Ltd. has successfully closed the final tranche of its bought deal private placement, raising a total of C$23 million for the advancement of its Bralorne Gold Project and general corporate purposes [1][2]. Group 1: Offering Details - The final tranche involved the sale of 3,150,000 common shares at a price of C$1.50 per share, generating gross proceeds of C$4,725,000 [1]. - In total, the offering comprised 15,333,334 shares sold, including the full exercise of the over-allotment option, resulting in gross proceeds of C$23,000,001 [1]. - Red Cloud Securities Inc. acted as the lead underwriter for the offering, supported by Canaccord Genuity Corp. and FMI Securities Inc. [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the continued development of the Bralorne Gold Project, as well as for general corporate purposes and working capital [2]. Group 3: Regulatory and Compliance Information - The shares were offered through private placements in Canada (excluding Québec) and in the United States under applicable exemptions from registration requirements [3]. - Shares issued to Canadian purchasers in the first tranche are subject to a four-month hold period ending on February 25, 2026 [3]. - The underwriters received cash fees of C$283,500 and 189,000 non-transferable common share purchase warrants, allowing the purchase of shares at C$1.68 until November 6, 2027 [4]. Group 4: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, with its flagship asset being the Bralorne Gold Project [6]. - The company also holds the Ladner Gold Project and the Spences Bridge Project, which have significant exploration potential [6].
Midnight Sun Closes Oversubscribed C$30,475,575 "Bought Deal" LIFE Offering
Newsfile· 2025-10-28 12:46
Core Viewpoint - Midnight Sun Mining Corp. has successfully closed an upsized "bought deal" financing, raising gross proceeds of C$30,475,575, which includes the full exercise of the Underwriters' Option [1][2]. Financing Details - The Offering involved the issuance of 22,574,500 units at a price of C$1.35 per unit, conducted on a prospectus-exempt basis under the LIFE Exemption [2]. - The Offering was led by Haywood Securities Inc. as the lead underwriter, along with a syndicate of underwriters including Beacon Securities Limited, Red Cloud Securities Inc., and SCP Resource Finance LP [3]. - 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 C$2.00 until October 28, 2027 [4]. Use of Proceeds - The net proceeds from the Offering will be allocated towards advancing exploration projects in Zambia and for general working capital and corporate purposes [5]. Underwriter Compensation - The Company paid the Underwriters a cash commission of 6.0% of the gross proceeds and issued transferable compensation options equal to 6.0% of the total units sold [7]. Regulatory Approval - The Offering is subject to final approval from the TSX Venture Exchange [8]. Company Overview - Midnight Sun is focused on exploring its flagship Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [10].
Forsys Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$18.9 Million
Globenewswire· 2025-10-16 15:34
Core Points - Forsys Metals Corp. has successfully closed a "bought deal" private placement, raising gross proceeds of C$18,925,760, including a partial over-allotment option of C$1,925,280 [1] - A total of 33,796,000 units were sold at a price of C$0.56 per unit, with each unit consisting of one common share and one-half of a warrant [1][2] - The net proceeds will be utilized to advance the Norasa Project in Namibia and for general corporate purposes [3] Offering Details - The offering was conducted under an underwriting agreement with Red Cloud Securities Inc., which acted as the sole underwriter [1] - Each whole warrant allows the holder to purchase one common share at a price of C$0.80 until October 16, 2028 [2] - Red Cloud received cash fees of C$1,135,545.60 and 2,027,760 broker warrants, each exercisable at C$0.66 until October 16, 2028 [5] Regulatory Compliance - The units were issued under the listed issuer financing exemption, which does not impose a hold period under Canadian securities laws [4] - The offering is subject to final approval from the Toronto Stock Exchange [6] - An insider purchased 8,928,600 units, qualifying as a related party transaction, exempt from formal valuation and minority shareholder approval requirements [7] Company Overview - Forsys Metals Corp. is focused on developing the Norasa Uranium Project in Namibia, which includes the Valencia and Namibplaas uranium deposits [9]
Talisker Announces Bought Deal Private Placement for Gross Proceeds of $20.0 Million
Globenewswire· 2025-10-09 20:17
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQB: TSKFF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase for res ...
Midnight Sun Announces Upsize to Previously Announced “Bought Deal” LIFE Offering and Private Placement of Units to C$17.5 Million
Globenewswire· 2025-10-03 12:38
Core Viewpoint - Midnight Sun Mining Corp. has increased the size of its previously announced "bought deal" LIFE offering to C$17.5 million, indicating strong investor interest and confidence in the company's exploration projects in Zambia [1][2]. Offering Details - The Upsized Offering will consist of 12,963,000 units priced at C$1.35 per unit, generating gross proceeds of C$17,500,050 [2]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 for 24 months [3]. - The Underwriters have an option to purchase an additional 15% of the offering, potentially raising an extra C$2,625,007.50 [4]. Use of Proceeds - The net proceeds from the offering will be allocated to advancing exploration projects in Zambia and for general corporate purposes [4]. Regulatory and Compliance Information - The offering will be available to purchasers in all Canadian provinces except Québec, with specific resale restrictions based on the type of exemption utilized [5]. - The closing of the Upsized Offering is anticipated on or about October 28, 2025, subject to necessary approvals from the TSX Venture Exchange and regulatory authorities [7]. Compensation to Underwriters - The company will pay the Underwriters a cash commission of 6.0% of the gross proceeds and issue transferable compensation options equivalent to 6.0% of the total units sold [8]. Company Overview - Midnight Sun is focused on its flagship Solwezi Project in Zambia, located in a major copper-producing region, aiming to discover and develop significant copper deposits [11].
Jaguar Mining Inc. Announces Bought Deal Life Private Placement for Gross Proceeds Of C$25.0 million
Accessnewswire· 2025-09-29 11:24
Core Viewpoint - Jaguar Mining Inc. has announced a private placement agreement with Red Cloud Securities Inc. for the resale of common shares, aiming to raise gross proceeds of C$25 million [1] Group 1: Offering Details - The company will sell 4,545,455 common shares at a price of C$5.50 per share [1] - The total gross proceeds from the underwritten offering are C$25,000,002.50 [1] - An over-allotment option allows underwriters to purchase an additional 545,455 shares for up to C$3,000,002.50 [1] Group 2: Underwriters' Role - Red Cloud Securities Inc. acts as the lead underwriter and bookrunner for the offering [1] - The underwriters have the option to exercise the over-allotment up to 48 hours before the closing date [1]
Pacific Ridge Closes Final Tranche of Brokered Financing; Raised Aggregate Gross Proceeds of C$4.65 Million
Newsfile· 2025-09-26 16:26
Core Viewpoint - Pacific Ridge Exploration Ltd. has successfully closed the second and final tranche of its private placement, raising a total of C$4,651,346.62 for its exploration projects and general corporate purposes [1][3]. Group 1: Offering Details - The final tranche raised gross proceeds of C$1,958,426.62 from the sale of 7,806,734 units at C$0.20 per unit and 1,726,434 flow-through units at C$0.23 per unit [1]. - Each unit consists of one common share and one common share purchase warrant, while each flow-through unit includes one flow-through share and one warrant [2]. - The warrants allow holders to purchase common shares at C$0.28 from November 26, 2025, to September 26, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration of the Kliyul and RDP copper-gold projects in British Columbia, along with general working capital [3]. - Gross proceeds from the sale of flow-through shares will be used for Canadian exploration expenses and flow-through mining expenditures, with renouncement to purchasers effective by December 31, 2025 [4]. Group 3: Regulatory and Compliance - The offering was conducted under National Instrument 45-106, with units issued to Canadian purchasers under the listed issuer financing exemption [5]. - Flow-through units were issued under the "accredited investor" and "minimum amount investment" exemptions [6]. - The securities issued are subject to a statutory hold period ending on January 27, 2026 [8]. Group 4: Broker Compensation - Red Cloud Securities Inc. received cash fees of C$114,424.79 and 556,586 non-transferable common share purchase warrants as compensation for their services in the final tranche [7].
Orosur Mining Inc Announces Private Placement for Gross Proceeds up to C$17m
Accessnewswire· 2025-09-17 21:17
Group 1 - Orosur Mining Inc. has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and bookrunner [1] - The agreement involves a syndicate of agents, including U.K. corporate brokers Turner Pope Investments Ltd. [1]
Silver X Mining Announces Non-Brokered Life Private Placement Concurrent With Bought Deal Life Offering For Aggregate Gross Proceeds of Up to C$21.5 Million
Accessnewswire· 2025-09-15 19:25
Core Viewpoint - Silver X Mining Corp. is initiating a non-brokered private placement due to strong investor demand, aiming to raise between C$3,000,000 and C$5,500,000 through the sale of units priced at C$0.50 each [1] Group 1 - The company plans to sell a minimum of 6,000,000 units and a maximum of 11,000,000 units in this offering [1] - Red Cloud Securities Inc. and Laurentian Bank Securities Inc. are acting as finders for the company in connection with this offering [1]