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Quantum Closes Second Tranche of Private Placement
Thenewswire· 2025-07-16 00:40
Group 1 - Quantum Critical Metals Corp. has closed a second tranche of its non-brokered private placement financing, raising gross proceeds of $400,000 through the sale of 4,000,000 units at a price of $0.10 per unit [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one share at a price of $0.20 until July 15, 2027 [1] - The company plans to use the net proceeds from the offering to fund exploration activities in British Columbia and Quebec, as well as for general corporate purposes [2] Group 2 - The closing of the offering is subject to final approval from the TSX Venture Exchange and other customary conditions for a private placement [3] - A final tranche is expected to close around July 17, 2025, with all securities issued subject to a statutory hold period expiring on November 16, 2025 [3] - The company paid finder's fees of $11,830 in cash and issued 118,300 broker warrants related to subscriptions from purchasers introduced by certain persons [4] Group 3 - Quantum Critical Metals Corp. is focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various projects in Quebec and British Columbia [7] - The company is strategically positioned to support the transition to a secure and sustainable critical minerals supply in the West [7]
First Andes Silver Increases Private Placement to $1,350,000 CAD
Newsfile· 2025-07-16 00:26
Group 1 - First Andes Silver Ltd. has increased its non-brokered private placement financing from 10,000,000 units at $0.10 CAD per unit to 13,500,000 units at the same price, resulting in gross proceeds of up to $1,350,000 CAD [1] - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.15 CAD per share for two years [2] - The proceeds will be used to expand the current drill program at the Santas Gloria silver property and for general working capital [3] Group 2 - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 55 km east of Lima, Peru, which has over 12 km of multiphase veins mapped at surface [4] - The property has excellent road access and is situated within a well-known intermediate sulfidation epithermal belt, with high-grade silver reported from the maiden diamond drill program in 2024 [4]
Gunnison Copper Announces Upsize of the Listed Issuer Financing Exemption (LIFE) Private Placement to up to C$8.745 Million
Newsfile· 2025-07-11 10:30
Gunnison Copper Announces Upsize of the Listed Issuer Financing Exemption (LIFE) Private Placement to up to C$8.745 MillionJuly 11, 2025 6:30 AM EDT | Source: Gunnison Copper Corp.Phoenix, Arizona--(Newsfile Corp. - July 11, 2025) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0) ("Gunnison" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced non-brokered private placement (the "Offering ...
Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp
Newsfile· 2025-07-03 13:20
Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity CorpJuly 03, 2025 9:20 AM EDT | Source: Great Pacific Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) ("Great Pacific", "GPAC" or the "Company") is pleased to announce that it has closed the previously announced brokered private placement offering (the "Offering") for gross proceeds of $16,944 ...
Nine Mile Metals Announces Private Placement Financing
Newsfile· 2025-07-02 20:15
Core Viewpoint - Nine Mile Metals Ltd. is initiating a private placement to raise up to $400,000 through both Flow-through (FT) and Non-flow-through (NFT) units to fund exploration activities and operational expenses [1][4][6]. Group 1: Private Placement Details - The FT private placement will involve the sale of up to 12,500,000 units at a price of $0.02 per unit, aiming for gross proceeds of up to $250,000 [2]. - Each FT unit consists of one common share and one warrant, allowing the purchase of one common share at $0.05 for 36 months [2]. - The NFT private placement will consist of up to 10,000,000 units at $0.015 each, targeting gross proceeds of up to $150,000 [5]. - Each NFT unit includes one common share and one-half warrant, with each full warrant allowing the purchase of one common share at $0.05 for 36 months [5]. Group 2: Use of Proceeds - Proceeds from the FT private placement will be allocated for drilling at the Wedge Project and the California Lake East VMS Trend, specifically Target 6, along with other exploration-related expenditures [4]. - Proceeds from the NFT private placement will be used for operating expenses and general working capital [6]. Group 3: Finder's Fees - Finders for the FT private placement may receive an 8% cash commission and 8% in common share purchase warrants, exercisable at $0.05 for 36 months [3]. - Finders for the NFT private placement may also receive an 8% cash commission and 8% in common share purchase warrants, but these warrants will be exercisable for 24 months [6]. Group 4: Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [7]. - The company aims to explore its four VMS projects, positioning itself for growth in critical minerals required for EV and green technologies [7].
Great Pacific Gold Announces Upsized $16.9 Million Private Placement Financing led by Canaccord Genuity Corp.
GlobeNewswire News Room· 2025-06-24 14:14
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. (“Canaccord Genuity”) on behalf of a syndicate of agents (collectively the “Agents”) to increase the ...
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-19 19:55
Core Viewpoint - Goldstorm Metals Corp. is increasing its previously announced private placement financing to approximately $2.1 million due to strong investor demand [2]. Group 1: Offering Details - The Offering will consist of up to 15,441,483 non-flow-through units (NFT Units) priced at $0.07 each, generating gross proceeds of approximately $1,080,903.81 [2]. - Additionally, the Offering will include up to 10,071,428 flow-through units (Charity FT Units) priced at $0.1008 each, expected to raise about $1,015,199.94 [2]. - Each NFT Unit includes one common share and one-half of a warrant, while each Charity FT Unit consists of one common share and one-half of a warrant [3]. Group 2: Use of Proceeds - Net proceeds from the NFT Units will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the Charity FT Units will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures [5]. Group 3: Offering Timeline and Conditions - The closing of the Offering is anticipated around June 26, 2025 [6]. - All securities issued will be subject to a statutory four-month hold period and require regulatory approval, including from the TSXV [7]. Group 4: Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in British Columbia's Golden Triangle, known for high-grade gold deposits [9]. - The company's flagship projects, Crown and Electrum, cover approximately 16,469 hectares across six concessions, with strategic proximity to major gold deposits [9].
Quantum Announces Non-Brokered Private Placement
Thenewswire· 2025-06-19 13:00
Core Viewpoint - Quantum Critical Metals Corp. plans to raise between $2,000,000 to $3,000,000 through a non-brokered private placement financing by selling 20,000,000 to 30,000,000 units at a price of $0.10 per unit, with each unit consisting of one common share and one warrant [1][2]. Group 1 - The net proceeds from the Offering will be used for continued exploration activities on the Company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. - The Offering is expected to close on or about June 30, 2025, and may be completed in one or more tranches, subject to TSX Venture Exchange approval and customary conditions for private placements [3]. - All securities issued will be subject to a statutory hold period of four months and one day from the date of issue [3]. Group 2 - The Company may pay a finder's fee to certain individuals who introduce purchasers to the Offering, in accordance with TSXV policies [4]. - Certain insiders are expected to participate in the Offering, which qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements [5]. Group 3 - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects, with a portfolio that includes various projects in Quebec and British Columbia [8].
Western Uranium & Vanadium Closes Bought Deal Financing of CAD $5 Million
Globenewswire· 2025-06-13 20:30
Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately CAD $5,025,018 through the issuance of 5,911,786 units at CAD $0.85 per unit, each consisting of one common share and one warrant [1][2]. Group 1: Financing Details - The offering consisted of 5,911,786 units, with each unit priced at CAD $0.85, resulting in total gross proceeds of approximately CAD $5,025,018 [1]. - Each warrant is exercisable for one common share at a price of CAD $1.05 for a period of four years from issuance [1]. - The offering was conducted under exemptions from the registration requirements of the U.S. Securities Act and applicable Canadian securities laws, with no units issued to investors in Canada [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding production capabilities and mining at the Sunday Mine Complex, developing minerals processing facilities, and acquiring uranium/vanadium properties near existing production centers [2]. Group 3: Related Party Transactions - The CEO and President of Western, George Glasier, subscribed for 117,647 units in the offering, which is classified as a related-party transaction [4]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the size of Glasier's participation [4]. Group 4: Underwriting and Fees - Western entered into an underwriting agreement with A.G.P. Canada Investment ULC, which acted as the sole underwriter and bookrunner [5]. - The underwriter received a cash commission of 7% on the aggregate proceeds and 206,913 broker warrants, subject to a four-month hold [5]. Group 5: Company Overview - Western Uranium & Vanadium Corp. is focused on ramping up high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah [8].
Search Minerals Announces Corporate Update Including TSX Venture Exchange Reinstatement to Trading, Financing, Share Consolidation and AGM
Newsfile· 2025-06-12 18:29
Search Minerals Announces Corporate Update Including TSX Venture Exchange Reinstatement to Trading, Financing, Share Consolidation and AGMJune 12, 2025 2:29 PM EDT | Source: Search Minerals Inc.St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - June 12, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce a corporate update.As previously disclosed by the Company, on April 8, 2024, a cease trade order (the "CTO") was issued by the British Col ...