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Last Chance for LabGold Shareholders to Make Their Vote Count Only on the Blue Proxy and Protect Their Investment From a Self-Serving Dissident
Globenewswire· 2026-02-18 12:00
Core Viewpoint - Labrador Gold Corp. is urging shareholders to vote on the BLUE Proxy to protect their investments from a self-serving dissident shareholder, Coloured Ties Capital Inc., with the voting deadline approaching on February 20, 2026 [1][4][10]. Shareholder Voting - The Corporation has thanked shareholders who have already voted ahead of the Annual General and Special Meeting scheduled for February 24, 2026 [2]. - Crescat Capital LLC, a significant shareholder with approximately 8.9% of shares, intends to vote in favor of LabGold's recommendations on the BLUE Proxy [3][8]. - Shareholders are reminded to vote ONLY on the BLUE Proxy and disregard any other proxies received from the Dissident [4][14]. Importance of the BLUE Proxy - Voting on the BLUE Proxy is crucial as it determines control over approximately CAD $16 million in cash, which is essential for executing a long-term strategy to create shareholder value [6]. - The Corporation emphasizes the risks associated with allowing the Dissident to control investments, citing a history of capital destruction [6][13]. Independent Recommendations - Independent proxy advisory firms, ISS and Glass Lewis, have recommended that shareholders vote ONLY on the BLUE Proxy, highlighting the lack of a compelling case from the Dissident [9][13]. - The Dissident's claims regarding the evaluation of the Watson property have been labeled as false by Nemo Resources, further undermining their credibility [8][13]. Strategic Focus - LabGold has adopted a prudent approach in a challenging junior mining market, opting for disciplined due diligence over potentially dilutive deals [7]. - The Corporation is focused on a structured plan for the Watson Project, which is a significant opportunity in Ontario, and aims to maximize upside while limiting downside risks [13][18]. Conclusion - Shareholders are encouraged to act quickly and vote on the BLUE Proxy to ensure their interests are protected, with assistance available from Kingsdale Advisors if needed [10][12].
Barksdale Announces $930,000 Private Placement
TMX Newsfile· 2026-02-11 05:41
Company Overview - Barksdale Resources Corp. aims to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [6] - The company focuses on metals essential to the global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [6] Investment and Financing - Barksdale plans to raise $932,585 through a private placement by Crescat Capital LLC, consisting of 8,478,049 common share units at a price of $0.11 per unit [2][3] - Each unit will include 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 $0.15 for two years following the offering [3] - The proceeds from this offering will be used to fund the company's drilling program at the Sunnyside project [3] Crescat Capital LLC - Crescat is a value-driven asset management firm with a focus on helping exploration-focused mining companies create new economic metal deposits [5] - The firm employs a mix of asset classes and strategies, including Global Macro, Long/Short, and Precious Metals funds, to meet clients' unique needs [5] Cash Equalization Payment - The company will issue a cash equalization payment of $0.02 per unit to Crescat, totaling $169,561 [4]
Fathom Announces Upsizing of Previously Announced Placement to $3.75 Million and Planned 3,000-4,000 Meter Drill Program at the Gochager Lake Project
TMX Newsfile· 2026-01-28 12:48
Core Viewpoint - Fathom Nickel Inc. has announced an upsized private placement financing of up to C$3,750,000 due to strong demand, alongside a planned drilling program at the Gochager Lake project to explore favorable geological conditions [1][2]. Financing Details - The upsized offering will consist of charity flow-through units priced at C$0.048 and hard dollar units at C$0.031 [1]. - Crescat Capital LLC has committed to invest at least 10% of the upsized offering [1]. Drilling Program - A 3,000-4,000 meter diamond drilling program is set to commence in mid to late February 2026 at the Gochager Lake project [1][6]. - The program aims to drill a minimum of 10 holes to test areas with favorable geology and geochemistry along the historic Gochager Lake deposit [2][6]. Geological Insights - Recent surface work has expanded the geological footprint of the Gochager Lake deposit, with mineralized gabbro identified up to 3.5 km northeast of the historic deposit [2]. - The exploration will focus on areas with robust multi-element soil geochemical anomalies to understand the underlying geology [2][11]. Ni-tenor and Mineralization - Ni-tenor values at the Gochager Lake deposit range from 2% to 5%, with outcrop samples showing values between 4.23% and 4.79% [5][6]. - The drilling will target high-grade Ni-Cu-Co sulphide mineralization zones, particularly in areas where Ni-tenor exceeds 3% [6][20]. Exploration Strategy - The company will utilize borehole electromagnetic (BHEM) surveys to identify zones of conductivity off the drillhole trace, which have previously indicated high-grade mineralization [6][11]. - Existing BHEM and historical survey results will inform the drillhole design and targeting process [11]. Company Overview - Fathom Nickel Inc. is focused on magmatic nickel sulphide discoveries to support North American critical mineral supply and the global green energy transition [14]. - The company has three exploration projects in the Trans Hudson Corridor, including the Gochager Lake project, which hosts the historic Gochager Lake deposit [14][15].
Fathom Nickel Announces $3 Million Private Placement Including Strategic Participation by Crescat Capital LLC
TMX Newsfile· 2026-01-22 12:05
Core Viewpoint - Fathom Nickel Inc. is initiating a non-brokered private placement financing to raise up to C$3,000,000 to support its exploration activities, particularly at the Gochager Lake property, amid a favorable nickel price environment [1][2]. Financing Details - The Offering will consist of charity flow-through units priced at C$0.048 and hard dollar units priced at C$0.031 [1]. - Crescat Capital LLC has committed to invest up to 20% of the Offering, which will result in Crescat owning approximately 18% of Fathom's common shares on a non-diluted basis upon completion [2]. Use of Proceeds - Proceeds from the Charity FT Units will be allocated for general exploration expenditures qualifying as "flow through critical mineral mining expenditures" under Canadian tax law, to be utilized before December 31, 2027 [5]. - Net proceeds from the HD Units will be directed towards exploration and development of mineral projects, as well as working capital and general corporate purposes [5]. Exploration Plans - The financing will enable a drill program of 3,000 to 4,000 meters at the Gochager Lake property, targeting high-priority areas identified through geological and geochemical analysis [6]. - The drill program is set to commence in mid to late February 2026, with results expected in early Q2 [6]. Regulatory and Closing Information - The Offering is subject to customary closing conditions, including approval from securities regulatory authorities and the Canadian Securities Exchange [8]. - The sale of HD Units is anticipated to close around February 11, 2026, while the Charity FT Units are expected to close around February 18, 2026 [7].
Orestone Closes $2.24 Million Non-Brokered Private Placement Including Participation of Crescat Capital LLC
TMX Newsfile· 2025-12-17 12:00
Core Viewpoint - Orestone Mining Corp. has successfully completed a non-brokered private placement, raising a total of $2,240,000 through the issuance of 28,000,000 units at a price of $0.08 per unit [1][2]. Group 1: Private Placement Details - The private placement consisted of units, each comprising one common share and one common share purchase warrant, with the warrants exercisable at $0.16 until December 16, 2026 [2]. - A hold period for the common shares and warrants will expire on April 17, 2026, and finders' fees of $14,070 were paid in connection with the placement [3]. - Strategic shareholder Crescat Capital LLC participated by subscribing for 3,094,461 units, contributing gross proceeds of $247,556.88 [4]. Group 2: Insider Participation - Certain insiders of the company purchased a total of 5,550,000 units, which is classified as a related party transaction under TSX Venture Exchange Policy 5.9 [5]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value not exceeding 25% of the company's market capitalization [5]. Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated to further development of the Francisca property in Salta Province, Argentina, the Captain property in British Columbia, Canada, and for general administrative expenses and working capital [6]. Group 4: Company Overview - Orestone Mining Corp. is a Canadian company with a management team experienced in the mining sector, focusing on gold, silver, and copper projects in Canada and Argentina [7]. - The company's immediate objective for the Francisca property is to define an oxide gold deposit suitable for open-pit mining, while the Captain project is a permitted and drill-ready gold-copper project [7].
Orestone Announces Strategic Shareholder Crescat Capital LLC Participation in Private Placement
Newsfile· 2025-10-14 12:05
Orestone Announces Strategic Shareholder Crescat Capital LLC Participation in Private PlacementOctober 14, 2025 8:05 AM EDT | Source: Orestone Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Orestone Mining Corp. (TSXV: ORS) (FSE: O2R2) (the "Company") further to the company's news release dated October 10th, 2025, strategic shareholder Crescat Capital LLC ("Crescat") has confirmed their participation in the Company's non-brokered private placement unit financing ...
Westward Gold Announces Closing of Non-Brokered Private Placement Financing with Participation from Strategic Investors Crescat Capital LLC and Concept Capital Management
Thenewswire· 2025-10-08 20:00
Core Viewpoint - Westward Gold Inc. has successfully closed a non-brokered private placement, raising approximately C$5,000,000 through the issuance of 45,454,544 units at C$0.11 per unit, which includes common shares and warrants [1][2]. Group 1: Offering Details - The Offering consists of 45,454,544 units, each unit comprising one common share and one warrant, with warrants priced at C$0.15 for a period of 24 months [1]. - The net proceeds from the Offering will primarily fund an expanded drilling program at the Toiyabe Hills Property in Nevada and for general working capital [3]. - The Offering included participation from strategic shareholders, with Concept Capital Management Ltd. acquiring 22,727,272 units for approximately C$2,500,000, representing a 9.9% ownership interest post-offering [2]. Group 2: Insider Participation - Certain insiders acquired a total of 10,195,455 units for gross proceeds of approximately C$1,121,500, which includes a significant investment from Crescat Capital [4]. - The insider participation was classified as a "related party transaction" but was exempt from formal valuation and minority shareholder approval requirements due to the size of the investment relative to the company's market capitalization [4]. Group 3: Drilling Program Insights - The company has reported that its first drill program at the Campfire Target Complex has exceeded expectations, achieving considerable depths at costs under budget [3]. - Observations from drilling indicate significant Carlin-style alteration, suggesting a robust hydrothermal system in the target area [3].
Westward Gold Announces $5M Non-Brokered Private Placement Financing, with $2.5M Lead Order from New Cornerstone Investor & $1M from Current Strategic Investor Crescat Capital LLC
Thenewswire· 2025-09-23 21:10
Core Viewpoint - Westward Gold Inc. is initiating a non-brokered private placement to raise approximately C$5,000,000 through the sale of up to 45,454,545 units at C$0.11 per unit, which will support its drilling program and general working capital [1][3]. Group 1: Offering Details - The Offering consists of units priced at C$0.11 each, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at C$0.15 for 24 months post-closing [1]. - The Offering is subject to regulatory approvals and will have a hold period of four months and one day for the issued securities [3]. Group 2: Major Shareholders - Concept Capital Management Ltd. will subscribe for 22,727,272 units, contributing approximately C$2,500,000 [2]. - Crescat Capital LLC will subscribe for 9,090,909 units, contributing approximately C$1,000,000 [2]. Group 3: Use of Proceeds - Net proceeds will primarily fund an expanded drilling program at the Toiyabe Hills Property in Nevada, which includes a 5,000-meter drilling program across up to 10 holes [3]. - Additional funds will be allocated for general working capital purposes [3]. Group 4: Insider Participation - Certain insiders intend to acquire units in the Offering, which will be classified as a related party transaction [5]. - This participation is expected to be exempt from formal valuation and minority shareholder approval requirements due to the size of the transaction relative to the company's market capitalization [5]. Group 5: Company Overview - Westward Gold is focused on mineral exploration, particularly the Toiyabe Hills Project in Nevada, along with other projects in the region [7].
Red Canyon Closes Over-Subscribed Financing Backed By Strategic Lead Order
Thenewswire· 2025-09-18 19:35
Core Points - Red Canyon Resources Ltd. has completed a non-brokered charity flow-through private placement, issuing 8,525,295 Charity Flow Through Common Shares at a price of $0.272 per share, resulting in gross proceeds of $2,318,880 [1][2] - Teck Resources Limited acquired a 9.9% equity interest in Red Canyon through the purchase of 6,301,868 common shares at a back-end price of $0.17 per share, contributing $1,714,108 to the gross proceeds [2] - The proceeds from the Charity FT Offering will be used for eligible Canadian exploration expenses related to the Kendal project and other projects in British Columbia, with a deadline for expenditure by December 31, 2026 [4] Summary by Sections Charity FT Offering - The Charity FT Offering involved the issuance of 8,525,295 Charity FT Shares at $0.272 each, generating gross proceeds of $2,318,880 [1] - The offering was facilitated by PearTree Securities Inc., which did not receive any fees or commissions [5] Investment and Shareholder Participation - Teck Resources Limited's investment of $1,714,108 represents a 9.9% equity interest in Red Canyon, acquired through the Charity FT Offering [2] - Existing major shareholder Crescat Capital LLC also participated in the financing, maintaining its equity ownership [2] Tax Implications - Each Charity FT Share qualifies as a "flow-through share" under the Income Tax Act (Canada) [3] - The flow-through critical mineral mining expenditures will be eligible for a federal 30% investment tax credit for eligible individual investors, with an additional 20% tax credit for those in British Columbia [4] Future Rights and Agreements - An Investor Rights Agreement has been established with Teck, granting them the right to participate in future share issuances to maintain their equity ownership [6] Company Overview - Red Canyon Resources Ltd. is focused on mineral exploration in North America's top copper jurisdictions, with a portfolio of 100% owned copper and copper-gold porphyry exploration projects [7] - The company is part of the NewQuest Capital Group, which invests in mineral projects and companies [8]
Harvest Gold Announces Closing of Non-Brokered Private Placement with Crescat Capital as Lead Investor
Thenewswire· 2025-08-01 10:30
Core Viewpoint - Harvest Gold Corporation has successfully closed a non-brokered private placement, raising gross proceeds of approximately $2.3 million, which will be utilized for drilling and exploration activities in Quebec [1][5]. Group 1: Offering Details - The private placement consisted of 11,660,199 units priced at $0.075 per unit, generating proceeds of $874,514.93, and 13,533,666 charity flow-through units priced at $0.105 per unit, raising $1,421,034.93 [2]. - The total gross proceeds from the offering amount to $2,295,549.86 [1]. - All securities issued will be subject to a four-month hold period, expiring on December 1, 2025 [7]. Group 2: Investor Participation - Crescat Capital LLC, as the lead investor, purchased 5,866,666 units, increasing its non-diluted ownership in Harvest Gold to approximately 19.73% [3]. - Crescat's investment is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3]. Group 3: Exploration Plans - Harvest Gold is set to commence its first drilling program at the Mosseau Gold Project, while also exploring Urban Barry and Labelle for the first time [4]. - The proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects in Quebec [6]. Group 4: Company Overview - Harvest Gold Corporation has three active gold projects in the Urban Barry area, covering a total of 329 claims over 17,539.25 hectares, located approximately 45-70 km east of the Gold Fields Windfall Deposit [8]. - The company's management and technical advisors possess over 400 years of collective geological and financing experience [8].