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Verdera Energy Announces $20 Million Qualifying Transaction Financing
Globenewswire· 2026-01-07 18:08
Core Viewpoint - Verdera Energy Corp. and POCML 7 Inc. are progressing with a proposed transaction that will qualify as a Qualifying Transaction under TSX Venture Exchange policies, involving a subscription receipt offering to raise $20 million [1][2]. Offering Details - The offering will consist of 20,000,000 Subscription Receipts priced at $1.00 each, with an option for agents to purchase an additional 15% for up to $3 million [2]. - Upon meeting escrow release conditions, each Subscription Receipt will convert into one common share of Verdera [3]. - Agents will receive a 5% commission on gross proceeds and broker warrants equivalent to 4% of the total Subscription Receipts sold [4]. Escrow and Conditions - At closing, gross proceeds will be placed in escrow, with conditions for release including the completion of the proposed transaction [5]. - If conditions are not met within 90 days, funds will be returned to Subscription Receipt holders [5]. - Completion of the proposed transaction is subject to TSXV acceptance and other conditions [8][11]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and advancement of the Crownpoint and Hosta Butte Project, including drilling, community relations, and general corporate purposes [6]. Company Overview - Verdera Energy Corp. focuses on developing uranium assets in New Mexico, which is the 7th largest uranium-producing district globally, with significant mineral rights in the Grants Uranium District [14]. - The company aims to meet the growing demand for clean domestic uranium through environmentally sound extraction technology [15].
Sendero Resources Completed $4.06 Million Brokered Financing
Thenewswire· 2025-12-03 18:10
Core Viewpoint - Sendero Resources Corp. successfully closed a private placement offering, raising gross proceeds of $4,066,050 through the sale of 4,280,053 common shares at a price of $0.95 per share, which positions the company for future exploration activities [1][2][3] Financing Details - The offering was led by Stifel Nicolaus Canada Inc. as the sole agent and bookrunner, and included a partial exercise of the Agent's Option, resulting in additional gross proceeds of $57,050 from the sale of 60,053 shares [1][4] - The company paid a cash commission of $284,624 to the agent, representing 7% of the total gross proceeds, and issued 299,603 share purchase warrants to the agent [5] Use of Proceeds - The net proceeds from the offering will be utilized to fund exploration work at the Peñas Negras project, as well as for general administrative expenses and corporate purposes [6] Project Overview - Sendero Resources is focused on copper-gold exploration at its 100% owned Peñas Negras Project located in the Vicuña Belt, Argentina, which has identified multiple geological targets similar to other deposits in the region [9] - The Peñas Negras project area covers 211.77 km² and is strategically located near significant mining operations, enhancing its exploration potential [9]
Volatus Aerospace Closes $26,391,500 Bought Deal Public Offering and Non-Brokered Private Placement
Globenewswire· 2025-11-26 13:46
Core Points - Volatus Aerospace Inc. has completed a bought deal public offering and a non-brokered private placement, raising a total of $26,391,500 [1][2] - The public offering involved the sale of 38,352,500 common shares at a price of $0.60 per share, including 5,002,500 shares from the full exercise of the over-allotment option [1] - The private placement included the sale of 5,633,333 common shares at the same price to international strategic investors [2] Financial Details - The underwriters received a cash commission of 6.0% on the gross proceeds from the public offering, along with an advisory fee of $22,374 [3] - The company paid finder's fees totaling $120,000 related to the private placement [3] Use of Proceeds - The net proceeds from both the public offering and private placement will be allocated for the development of the Mirabel Manufacturing Hub, R&D in drone technologies for the defense sector, potential acquisitions, capital expenditures, and general corporate purposes [4]
Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. Announce Upsize of Previously Announced Financing to $37.5 Million
Globenewswire· 2025-09-16 16:15
Core Viewpoint - Evolve Strategic Element Royalties Inc. has increased its private placement offering to approximately $37.5 million due to strong investor demand, up from the initial $20 million [1][2]. Group 1: Evolve Offering Details - The Evolve Offering is being managed by a syndicate of agents led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. [2] - The net proceeds from the Offering will be used for new growth investments, working capital, and general corporate purposes related to the business combination of Voyageur and Evolve [3]. - The completion of the Offering is subject to various closing conditions, including shareholder approval and conditional approval from the Canadian Securities Exchange [3][10]. Group 2: Corporate Agreements and Amendments - Voyageur has agreed to increase the break fee by $262,500 if its board changes its recommendation regarding the business combination [4]. - Northfield Capital Corp., Voyageur's largest shareholder, has amended its voting support agreement to restrict termination in the context of a superior proposal unless certain value thresholds are met [4]. Group 3: Company Profiles - Evolve is a private strategic metals royalty company focused on securing premium assets in the low-carbon and digital economy [5]. - Voyageur is a Canadian junior mineral exploration company with a focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan, owning royalties in the Flin Flon greenstone belt [5].
Mawson Finland Announces Closing of Brokered Private Placement for $6.0 Million
Globenewswire· 2025-03-05 14:11
Core Viewpoint - Mawson Finland Limited has successfully closed a brokered private placement financing, raising gross proceeds of C$6,000,000.50 through the issuance of 3,157,895 common shares at a price of C$1.90 per share [1][2]. Group 1: Offering Details - The offering was led by Stifel Nicolaus Canada Inc. as the agent, with a cash commission of 6.0% paid on the gross proceeds, except for certain President's List Purchasers [2]. - The net proceeds from the offering will be used to advance the Rajapalot Gold-Cobalt Project and for general working capital purposes [3]. Group 2: Insider Participation - Executive Chairman Mr. MacRae subscribed to the offering, acquiring 20,530 shares at the offering price, which is classified as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to Mr. MacRae's participation not exceeding 25% of the fair market value of the company's market capitalization [4]. Group 3: Company Overview - Mawson Finland Limited is focused on the exploration and development of precious and base metal properties in Finland, primarily gold and cobalt [7]. - The company holds a 100% interest in the Rajapalot Gold-Cobalt Project, which is part of the larger Rompas-Rajapalot Property encompassing 100 square kilometers [7].