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RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option
Newsfile· 2025-06-26 12:45
Core Viewpoint - Rua Gold Inc. has successfully closed a brokered public offering and private placement, raising C$13.8 million to fund exploration projects in New Zealand and general corporate purposes [2][3][4]. Financing Details - The offering consisted of 19,714,450 common shares priced at C$0.70 each, including the full exercise of the over-allotment option, resulting in aggregate gross proceeds of C$13,800,115 [2][6]. - The company paid approximately C$446,651 in cash fees to agents and issued 638,073 broker warrants, each exercisable at C$0.70 for 24 months [5][6]. Use of Proceeds - Net proceeds from the offering will be allocated to continuing exploration programs on New Zealand properties and for general working capital [3][4]. Strategic Plans - The CEO stated that the company is now fully funded to execute exploration plans over the next 12 to 18 months, focusing on the Reefton and Glamorgan projects [4][6]. - An aggressive drill campaign is planned for the Reefton Project, with drilling at the Glamorgan Project set to commence in Q4 2025 [4][6]. Insider Participation - Insiders subscribed for a total of 1,529,800 common shares, which is considered a related party transaction under applicable regulations [9]. Additional Grants - The company granted 2,250,000 stock options to directors and consultants, with an exercise price of C$0.66 and a three-year vesting period [11]. - An aggregate of 200,000 deferred share units (DSUs) was also granted to certain directors, subject to a similar vesting schedule [12]. Company Overview - Rua Gold is focused on high-grade gold exploration in New Zealand, controlling significant land in the Reefton Gold District and the Glamorgan Project, which is adjacent to a major mining operation [14][15][16].
Westhaven Announces Non-Brokered Private Placement With Eric Sprott and Earthlabs, for Gross Proceeds of $3.16 Million
Globenewswire· 2025-06-16 13:25
Core Viewpoint - Westhaven Gold Corp. has announced a non-brokered private placement to raise gross proceeds of $3,160,000 through the sale of units and flow-through units, aimed at advancing its exploration projects in British Columbia, particularly the Shovelnose gold project [1][3]. Group 1: Private Placement Details - The offering includes 8,333,333 units priced at $0.12 each and 12,500,000 flow-through units priced at $0.1728 each [1]. - The total gross proceeds from the offering are expected to be $3,160,000 [1]. - The private placement is anticipated to close around July 3, 2025, subject to necessary approvals [5]. Group 2: Use of Proceeds - Proceeds from the sale of units will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the flow-through units will be used for Canadian exploration expenses, qualifying as "flow-through mining expenditures" [4]. - The company plans to expand its summer exploration drilling program to at least 5,000 meters, focusing on the Shovelnose gold project [3]. Group 3: Key Stakeholders - Eric Sprott and Earthlabs Inc. are expected to be the primary subscribers for the units and the end purchaser of the flow-through units [2]. - The financing is viewed as a strong endorsement of Westhaven's strategy to develop its Spences Bridge Gold Belt properties [3]. Group 4: Project Overview - The Shovelnose gold project has a recently updated Preliminary Economic Assessment indicating a potential for robust, low-cost, high-margin underground gold mining [10]. - The project is projected to have an average annual life-of-mine gold production of 56,000 ounces, with an after-tax NPV of Cdn$454 million and an IRR of 43.2% based on base case parameters [10].
Blue Moon Metals Announces Start of Mobilization for Nussir Underground Development, Follow on Equity Investment of C$1.13M From Mining Contractor and Engagement of Market Maker
Globenewswire· 2025-05-08 10:45
Core Points - Blue Moon Metals Inc. is preparing for underground development at its Nussir Copper-Gold-Silver Project in Northern Norway, with mobilization of LNS expected to provide key inputs for engineering studies leading to a final investment decision in 2026 [1] - LNS has subscribed for an additional C$2.2 million of Blue Moon common shares, following the achievement of the first milestone related to underground mobilization [2][3] - Blue Moon has engaged Red Cloud Securities Inc. for market stabilization and liquidity services, with a monthly fee of $7,000 for a minimum term of three months [4][5] Financing Details - The financing closed on May 8, 2025, with LNS subscribing for 376,833 common shares at C$3.00 per share, resulting in gross proceeds of C$1.13 million [2][3] - The proceeds from the financing will be allocated for underground development at the Nussir Project [3] Stock Options - The company granted 24,000 incentive stock options to a consultant, with an exercise price of $3.00 per option, vesting over three years [7] Company Overview - Blue Moon is advancing three brownfield polymetallic projects, including the Nussir project in Norway, and is focused on critical metals like zinc and copper [9]
Talisker Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $7.0 Million
Globenewswire· 2025-04-17 21:00
Core Viewpoint - Talisker Resources Ltd. has increased the maximum gross proceeds of its private placement from C$6,500,000 to C$7,000,000 due to strong investor demand [1] Group 1: Offering Details - The revised Offering consists of the sale of up to 14,000,000 units at a price of $0.50 per Unit [1] - 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 an exercise price of $0.75 for 36 months post-Closing Date [2] - Red Cloud Securities Inc. has the option to sell an additional 2,000,000 Units for up to an additional C$1,000,000 in gross proceeds [3] Group 2: Regulatory Compliance - Up to 11,320,000 Units may be sold under the Offering in Canadian Selling Jurisdictions, excluding Québec, under the listed issuer financing exemption [4] - Non-LIFE Units may be issued to accredited investors in Canada and purchasers outside Canada, including the U.S., under certain exemptions [5] Group 3: Use of Proceeds - The net proceeds from the Offering will be used for advancing the Bralorne Gold Project in British Columbia, general corporate purposes, and working capital [8] Group 4: Closing Information - The Offering is scheduled to close on or about April 29, 2025, subject to regulatory approvals [7]