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Osisko Metals Closes C$15 Million "Bought-Deal" Flow-Through Share Financing
Globenewswire· 2026-02-04 11:00
Core Viewpoint - Osisko Metals Incorporated successfully closed a bought-deal private placement financing, issuing 11,812,000 flow-through shares at C$1.27 per share, raising gross proceeds of C$15,001,240 for Canadian exploration expenses [1][2]. Group 1: Financing Details - The financing will fund eligible "Canadian exploration expenses" classified as "flow-through critical mineral mining expenditures" for the company's projects in Canada, to be incurred by December 31, 2027 [2]. - The offering was co-led by Canaccord Genuity Corp. and BMO Capital Markets, with strategic investors Agnico Eagle Mines Limited and Hudbay Minerals Inc. purchasing shares at C$0.85 per common share for approximately C$10 million [3]. Group 2: Regulatory and Compliance Information - The flow-through shares are subject to a hold period of four months and one day from the closing date, in accordance with Canadian securities laws, and the offering is pending final acceptance by the Toronto Stock Exchange [4]. Group 3: Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has a 100% interest in the Gaspé Copper project, which has indicated mineral resources of 824 million tonnes grading 0.34% CuEq [6]. - The company is also advancing the Pine Point project, with indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq, located in the Northwest Territories [7].
Sierra Madre Announces Closing of Second Tranche of its $57.5 Million Offering
TMX Newsfile· 2026-01-30 14:51
Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the second tranche of its brokered private placement, raising a total of $57,500,690 through the issuance of Subscription Receipts, which will be used to fund the acquisition of the Del Toro Silver Mine and for general working capital purposes [1][2][5]. Group 1: Offering Details - The second tranche involved the issuance of 13,709,576 Subscription Receipts at a price of $1.30 each, generating gross proceeds of $17,822,449 [1]. - Combined with the first tranche, the total number of Subscription Receipts issued is 44,231,300, resulting in total gross proceeds of $57,500,690 [1]. - The Offering was facilitated by Beacon Securities Limited as the lead agent, along with other agents including Canaccord Genuity Corp., BMO Capital Markets, and VSA Capital Limited [1]. Group 2: Transaction and Use of Proceeds - The proceeds from the Offering will primarily be used to finance the acquisition of the Del Toro Silver Mine from First Majestic Silver Corp. [2][5]. - The net proceeds will also support exploration and development activities at Del Toro and provide general working capital for the company [5]. Group 3: Escrow and Conditions - The gross proceeds from the second tranche, amounting to $17,569,531, have been placed into escrow, subject to the satisfaction of certain escrow release conditions [4]. - If the escrow release conditions are met by May 14, 2026, the remaining 50% of the Agents' Fees will be released to the agents, and the balance will be available to the company [4]. - Should the conditions not be satisfied, the escrowed proceeds will be returned to the holders of the Subscription Receipts [4]. Group 4: Fees and Compensation - The company paid the agents a cash commission and corporate finance fee of $452,072, with half of this amount placed into escrow [6]. - Additionally, the agents received 346,479 compensation options, allowing them to purchase common shares at the issue price within 24 months [6]. Group 5: Regulatory and Legal Considerations - The securities issued in connection with the second tranche are subject to a four-month hold period and require final approval from the TSX Venture Exchange [7]. - The securities have not been registered under U.S. securities laws and cannot be offered or sold in the United States unless registered or exempt [8].
Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters’ Option
Globenewswire· 2026-01-29 14:47
Core Viewpoint - Li-FT Power Ltd. has successfully closed its previously announced offerings, raising approximately C$48.1 million in gross proceeds, which includes the full exercise of underwriters' options [2][3] Group 1: Offerings Details - The offerings included the sale of 3,876,000 flow-through subscription receipts at a price of C$6.88, generating gross proceeds of C$26,666,880, and 2,209,300 non-flow-through subscription receipts at a price of C$4.30, generating gross proceeds of C$9,499,990 [8] - Additionally, 775,200 flow-through common shares were sold at a price of C$6.45 for gross proceeds of C$5,000,040, and 1,627,800 non-flow-through common shares at the same non-flow-through issue price generated gross proceeds of C$6,999,540 [8] Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through subscription receipts will be used for eligible Canadian exploration expenses related to the Adina-Galinée property in Quebec, with a deadline of December 31, 2027 [5] - Proceeds from the sale of non-flow-through subscription receipts will be allocated towards the Adina-Galinée property and general corporate purposes [5] - The gross proceeds from the sale of flow-through shares will be directed towards qualifying expenditures on the Yellowknife Lithium Project and other exploration properties, also with a deadline of December 31, 2027 [6] Group 3: Underwriters and Commissions - The offerings were led by Canaccord Genuity Corp. as the lead underwriter, with a cash commission of 5.0% of the gross proceeds paid to the underwriters, except for certain purchasers on a president's list [3] Group 4: Insider Participation - Certain directors and officers of the company participated in the offerings, which constituted a related party transaction, exempt from formal valuation and minority shareholder approval requirements [10]
INTURAI VENTURES SELECTS CANACCORD AND ENTERS INTO STRATEGIC ADVISORY AGREEMENT PRIOR TO NORTH AMERICAN ROADSHOW
Prnewswire· 2026-01-28 08:15
Core Insights - Inturai Ventures Corp. has entered into a strategic advisory agreement with Canaccord Genuity Corp. to enhance its North American presence and evaluate growth opportunities in the military and defense sectors [1][1][1] Group 1: Strategic Engagement - The engagement with Canaccord is aimed at maximizing value through financial advisory services, focusing on commercial partnerships and strategic capital structuring [1][1] - Canaccord was selected for its proven track record in identifying high-growth technology platforms and supporting value-creating initiatives [1][1] Group 2: Financial Terms - The advisory agreement will run from February 1 to April 30, 2026, with a monthly fee of C$7,000 and the issuance of 1,000,000 warrants [1][1] - The warrants are structured with half exercisable at $0.40 and the other half at $0.60, expiring on July 30 and July 31, 2027, respectively [1][1] Group 3: Company Overview - Inturai Ventures is focused on advancing intelligent environments using AI technologies across various industries, including healthcare, military, and smart homes [1][1]
IsoEnergy Completes C$57.5 Million Bought Deal Financing
Prnewswire· 2026-01-27 14:15
Core Viewpoint - IsoEnergy Ltd. has successfully closed a bought deal financing, raising C$57,501,150 through the sale of 3,833,410 common shares at C$15.00 per share, which includes the full exercise of the over-allotment option [1] Group 1: Financing Details - The offering was led by a syndicate of underwriters including Stifel Canada, Canaccord Genuity Corp., and Jett Capital Advisors, LLC [1] - Proceeds from the offering will be utilized for the continued development and exploration of the company's mineral properties, as well as for general corporate purposes [2] Group 2: Company Overview - IsoEnergy is a globally diversified uranium company with significant mineral resources in Canada, the U.S., and Australia, providing leverage to rising uranium prices [4] - The company is advancing its Larocque East project in Canada's Athabasca basin, which contains the world's highest-grade indicated uranium mineral resource [4] - IsoEnergy also holds a portfolio of permitted past-producing uranium and vanadium mines in Utah, which are on standby for rapid restart as market conditions improve [4]
Nations Royalty Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$13 Million
TMX Newsfile· 2026-01-15 23:58
Core Viewpoint - Nations Royalty Corp. has increased the size of its private placement offering from C$10 million to C$13 million due to strong investor demand [1] Offering Details - The offering will consist of 8,125,000 units priced at C$1.60 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant allows the holder to purchase one common share at a price of C$2.25 within 36 months after the closing date [2] - An over-allotment option allows underwriters to purchase an additional 1,250,000 units for up to C$2 million [3] Use of Proceeds - The net proceeds from the offering will be used for acquisitions of royalties, income and commodity streams, annual benefit payments, and working capital [4] Regulatory Compliance - The offering will comply with National Instrument 45-106 and will be available to purchasers in all Canadian provinces except Québec [5] - The units will also be offered in the U.S. and other jurisdictions under applicable laws [5] Closing and Underwriter Compensation - The offering is scheduled to close on January 30, 2026, subject to necessary approvals [7] - The company will pay underwriters a cash commission of 6.0% of the gross proceeds and issue warrants equal to 6.0% of the units sold [7] Company Vision and Mission - Nations Royalty aims to unite First Nations and Indigenous groups in Canada, inviting external investors to participate as shareholders [10] - The company focuses on combining royalties and income streams from resource projects to enhance growth and value [10]
ATHA Energy Announces $25 Million LIFE Private Placement of Flow-Through Shares
Globenewswire· 2026-01-15 22:49
Core Viewpoint - ATHA Energy Corp. has announced a private placement of up to 24,510,000 flow-through shares at a price of $1.02 per share, aiming for gross proceeds of up to $25,000,200, with the potential to increase to C$28,750,230 if an additional option is fully exercised [1][2]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. and CIBC World Markets as co-lead agents and joint bookrunners [1]. - The expected closing date for the offering is around February 5, 2026, subject to regulatory approvals [4]. - The flow-through shares will be offered to purchasers in Canada and other qualifying jurisdictions, exempt from certain conditions under National Instrument 45-106 [5]. Group 2: Use of Proceeds - The gross proceeds from the sale of the flow-through shares will be used to incur eligible "Canadian exploration expenses" related to the Company's projects in Canada, specifically for flow-through critical mineral mining expenditures [3]. - The Company plans to renounce all qualifying expenditures to subscribers of the flow-through shares by December 31, 2026 [3]. Group 3: Company Overview - ATHA Energy Corp. is focused on the acquisition, exploration, and development of uranium assets, with a portfolio that includes three 100%-owned uranium projects and a large exploration land package exceeding 7 million acres [8]. - The Company also holds a 10% carried interest in key exploration projects in the Athabasca Basin operated by NexGen Energy Ltd. and IsoEnergy Ltd [9].
Hydreight Announces $10 Million Bought Deal Private Placement
Globenewswire· 2026-01-15 21:51
Core Viewpoint - Hydreight Technologies Inc. has launched a bought deal private placement to raise C$10,003,500 through the issuance of 2,470,000 units at C$4.05 per unit, aimed at accelerating growth and expanding its digital healthcare solutions across the U.S. [1][2] Group 1: Offering Details - The offering consists of 2,470,000 units, each comprising one common share and one half of a common share purchase warrant, with warrants exercisable at C$5.27 within 24 months post-closing [2][3] - An additional option allows underwriters to purchase up to 50% more units at the issue price, potentially raising an additional C$5,001,750 [3] - The offering is expected to close around January 27, 2026, pending necessary regulatory approvals [8] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to support sales growth, expand pharmacy production lines, and for general corporate purposes [4] Group 3: Company Overview - Hydreight Technologies Inc. operates a mobile clinic network across the U.S., integrating over 2,500 nurses and 100 doctors, with a proprietary platform that facilitates healthcare delivery directly to patients [11] - The platform includes tools for accounting, documentation, sales, inventory, and patient data management, enhancing service delivery by licensed healthcare professionals [11]
Oroco Closes Upsized C$23M Bought Deal Financing Led by Canaccord Genuity
TMX Newsfile· 2026-01-14 14:26
Core Points - Oroco Resource Corp. has successfully closed a bought deal public offering of 60,526,340 units at a price of C$0.38 per unit, raising approximately C$23 million in gross proceeds [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrants allowing the purchase of additional common shares at C$0.53 until January 15, 2029 [2] - The offering was led by Canaccord Genuity Corp. as the lead underwriter and included a cash commission of 6.0% on the gross proceeds, reduced to 3.0% for certain purchasers [3] Offering Details - The offering was completed via a prospectus supplement dated January 9, 2026, and was available in all Canadian provinces except Québec, as well as to qualified institutional buyers in the U.S. [4] - The net proceeds from the offering will be used to fund the commencement of a Pre-Feasibility Study drilling at the Santo Tomás copper project, advance environmental and permitting work, and for general corporate working capital [5] Company Overview - Oroco holds an 87.0% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares of surrounding mineral concessions [8] - The Santo Tomás Project is located in northwestern Mexico and has significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [9] - The project is well-serviced, located within 170 km of a deep-water port and accessible via highway and rail [10]
Oroco Announces Upsize of Bought Deal Financing Led by Canaccord Genuity
Globenewswire· 2026-01-07 14:36
Core Insights - Oroco Resource Corp. has increased its bought deal public offering to approximately C$20.0 million due to strong investor demand [1] - The offering will consist of 52,631,600 units priced at C$0.38 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2] - An over-allotment option allows underwriters to purchase an additional 7,894,740 units, potentially raising total gross proceeds to approximately C$23.0 million if fully exercised [3] Offering Details - The offering will be completed via a prospectus supplement to the Company's short form base shelf prospectus filed in all provinces of Canada, excluding Québec [4] - The units may also be offered in the United States to qualified institutional buyers and accredited investors under specific regulations [4] Use of Proceeds - The net proceeds from the offering will be used to fund the commencement of Pre-Feasibility Study drilling at the Santo Tomás copper project, advance environmental and permitting work, and for general corporate working capital [5] Closing Information - The closing of the offering is expected around January 14, 2026, subject to customary closing conditions and regulatory approvals [6] Company Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [7] - The project is located in northwestern Mexico and has significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [7] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [7][8]