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Sonoro Gold closes oversubscribed private placement financing
Proactiveinvestors NA· 2025-09-10 12:55
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
King Copper Discovery Corp. Announces $15 Million Financing
Globenewswire· 2025-09-04 11:00
Core Points - King Copper Discovery Corp has arranged a non-brokered private placement financing of up to 65,217,392 common shares at a price of $0.23 per share, aiming for gross proceeds of up to $15 million [1][2] - A strategic investor will participate in the financing, expected to hold approximately 9.99% ownership interest in King Copper on an undiluted basis [2][3] - Proceeds from the financing will be utilized for advancing exploration, including a diamond drilling program at the Colquemayo copper-gold project, and for working capital [2][3] Financing Details - The expected closing date of the financing is September 17, 2025, and it is subject to various conditions, including approval from the TSX Venture Exchange [4] - Finder's fees may be applicable, and all securities issued will be subject to a statutory four-month hold period [4] - Eventus Capital Corp has been appointed as an advisor for the financing [4] Strategic Investor Agreement - Upon closing, King Copper and the investor will enter into an investor rights agreement, granting the investor rights to participate in future equity financings and to maintain their ownership percentage [3] - The investor will have the right to nominate one person to the board of directors, increasing to two if the board size expands to eight or more directors [3] Company Overview - King Copper is a TSXV-listed exploration company focused on the Colquemayo gold-copper project in South America, led by a team with a history of multiple gold-copper-silver discoveries [7]
Tier One Silver Announces $5.6 Million Private Placement
Newsfile· 2025-09-03 20:41
Core Viewpoint - Tier One Silver Inc. is conducting a private placement financing targeting 70,000,000 units at an offering price of C$0.08 per unit, aiming for gross proceeds of approximately C$5.6 million [1] Group 1: Offering Details - Each unit consists of one common share and one full common share purchase warrant, with warrants allowing purchase of shares at C$0.11 within 36 months after the closing date [1] - The closing of the offering is anticipated around September 8, 2025, subject to necessary approvals and documentation [4] Group 2: Use of Proceeds - Proceeds from the offering will be used for project exploration, new project investigation, and general working capital [2] Group 3: Regulatory Compliance - The securities offered are subject to a four-month and one-day hold period in Canada from the closing date, and certain warrants will have restrictions to prevent holders from exceeding 9.99% of issued shares [3] Group 4: Company Overview - Tier One Silver is focused on discovering valuable silver, gold, and copper deposits in South America, with its flagship project being Curibaya [6]
Hampton Securities Limited Announces closing of Upsized $3 Million LIFE Private Placement Financing of Glenstar Minerals Inc. (CSE:GSTR)
GlobeNewswire News Room· 2025-09-02 16:03
Core Viewpoint - Glenstar Minerals Inc. successfully closed a private placement offering, raising a total of approximately $3.48 million through the issuance of 5,122,235 units at a price of $0.68 per unit [1][5]. Group 1: Offering Details - The offering consisted of 4,500,000 units initially, with an over-allotment option exercised for an additional 622,235 units, resulting in total gross proceeds of $3,483,119.80 [1]. - Each unit includes one common share and one warrant, with each warrant allowing the purchase of an additional common share at a price of $0.85 until August 26, 2027 [2]. - A cash commission of 7% of the proceeds was paid to the agent, along with non-transferable warrants for the purchase of 358,556 common shares at $0.68 per share until August 26, 2027 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling at the Green Monster Property, trenching at the Wild Horse Property, and additional exploration activities at both properties, as well as for general administrative expenses and working capital [5]. Group 3: Regulatory Compliance - The units were offered under National Instrument 45-106, which provides prospectus exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4].
FLUENT Corp. Announces Private Placement Financing
GlobeNewswire News Room· 2025-08-28 12:00
Core Viewpoint - FLUENT Corp. is conducting a non-brokered private placement offering of 3,500,000 common shares at a price of US$0.06 per share, aiming for total gross proceeds of US$210,000, primarily to support working capital and corporate purposes [1][2]. Group 1: Offering Details - The offering is expected to close on September 5, 2025, and involves a related party transaction as the sole subscriber is an insider of the company [3]. - The company is utilizing exemptions from certain requirements under Multilateral Instrument 61-101 due to the fair market value of insider participation not exceeding 25% of the company's market capitalization [3]. - The board of directors has approved the offering, and no material change report was filed 21 days prior to the closing, which the company considers reasonable [3]. Group 2: Leadership and Strategic Direction - David Vautrin, the Interim CEO, expressed confidence in the company's strategic direction and the team's commitment to turnaround initiatives, highlighting the importance of this investment [2]. - The investment by the Interim CEO is intended to reinforce belief in the company's long-term value creation potential [2]. Group 3: Company Overview - FLUENT Corp. is a national cannabis consumer packaged goods company, operating in states such as Florida, New York, Pennsylvania, and Texas, with a focus on operational excellence in cultivation, production, and retail [5]. - The company employs over 700 individuals across 8 cultivation and manufacturing facilities and 42 active retail locations, along with a wholesale division named ENTOURAGE [5]. - FLUENT produces a diverse range of cannabis products under various brands, including MOODS, Knack, Wandr, Bag-O, and Hyer Kind [5].
Glenstar Minerals Inc. Announces Closing of Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-26 16:25
Core Points - Glenstar Minerals Inc. has successfully closed a private placement financing of $3 million, issuing a total of 5,122,235 units at a price of $0.68 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.85 until August 26, 2027 [2] - The company plans to use the net proceeds for drilling and exploration activities at the Green Monster and Wild Horse properties, as well as for general administrative expenses [5] Group 1 - The private placement was conducted through Hampton Securities Limited, which exercised an over-allotment option to purchase additional units, resulting in total gross proceeds of $3,483,119.80 [1][2] - Glenstar paid a cash commission of 7% to the agent and granted non-transferable warrants to purchase 358,556 common shares at $0.68 per share until August 26, 2027 [3] - The offering was made under relevant prospectus and registration exemptions, and the securities issued are not subject to a hold period under Canadian securities laws [4] Group 2 - The company intends to allocate funds for specific activities, including drilling at the Green Monster Property and trenching at the Wild Horse Property [5] - The offering is part of the company's strategy to enhance exploration and development activities in its properties [5]
Japan Gold Announces Closing of Upsized Private Placement
Newsfile· 2025-08-25 12:30
Core Viewpoint - Japan Gold Corp. successfully closed an oversubscribed non-brokered private placement financing, raising gross proceeds of C$2,067,600 to support its initiatives in Japan's resource-rich regions [1][3]. Financing Details - The Company issued a total of 25,845,000 common shares at a price of C$0.08 per share, with a significant portion (17,182,500 shares for C$1,374,600) sold to Equinox Partners Investment Management LLC, a strategic investor and major shareholder [2][3]. - The net proceeds will be allocated for general and administrative expenses, marketing, and advertising [3]. Shareholder Information - As of the closing date, Equinox holds approximately 30% of the issued and outstanding common shares of the Company, totaling 90,133,518 shares [5]. - Equinox's participation in the Offering is classified as a "related party transaction," and the Company will rely on exemptions from formal valuation and minority shareholder approval requirements [6]. Company Overview - Japan Gold Corp. is focused on exploring high-grade epithermal gold deposits across Japan, holding a significant portfolio of tenements in stable and underexplored regions [8]. - The Company has an alliance with Barrick Mining Corporation to explore and develop gold mineral properties in Japan [8].
Glenstar Minerals Inc. Announces Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-20 23:12
Core Points - Glenstar Minerals Inc. has amended its private placement agreement to raise up to $3,060,000 by offering 4,500,000 units at a price of $0.68 per unit, each consisting of one common share and one warrant [1][2] - The additional funds will be utilized to enhance and expedite the drilling program at the Green Monster Property [2][6] - The offering includes an option for the agent to sell up to an additional 675,000 units for gross proceeds of up to $459,000 [2] - The price of the Compensation Options has been adjusted to $0.68 to align with the Offering Price [3] - The offering will be conducted under specific Canadian securities regulations and will not be registered under U.S. securities laws [4][8] - The net proceeds from the offering will be allocated for drilling, trenching, exploration activities, and general administrative expenses [6] - The closing of the offering is anticipated in August 2025, subject to customary conditions [7]
Silver One Resources Announces Private Placement Financing
Newsfile· 2025-08-18 21:00
Core Points - Silver One Resources Inc. announced a non-brokered private placement financing of 17,857,142 units at a price of $0.28 per unit, aiming for total proceeds of $5,000,000 [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of a common share at an exercise price of $0.40 for three years [2] - The net proceeds from the offering will be used for exploration and drilling on the company's mineral properties and for general working capital [3] Company Overview - Silver One is focused on the exploration and development of quality silver projects, owning a 100% interest in the Candelaria Mine in Nevada, which has potential for near-term production through reprocessing silver from historic leach pads [5] - The company also holds a 100% interest in the Cherokee project in Lincoln County, Nevada, which features multiple silver-copper-gold vein systems traced over 11 km [6] - Additionally, Silver One owns the Silver Phoenix Project, a high-grade native silver prospect recently permitted for drilling, located within the Arizona Silver Belt [6]
Lincoln Gold Announces Closing of Second Tranche of Private Placement Financing and Provides Corporate Update
Thenewswire· 2025-08-14 20:40
Core Points - Lincoln Gold Mining Inc. has closed the second tranche of its non-brokered private placement financing, raising gross proceeds of $11.25 million through the issuance of 75,000 units at a price of $0.15 per unit [1][2] - The proceeds from the second tranche will be used for general administrative expenses [3] - The company has decided to discontinue the balance of the private placement due to uncertainties regarding future management following shareholder requisitions [4] Financial Details - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.35 for 24 months [2] - All securities issued are subject to a hold period of four months and one day from the date of issuance [4] Corporate Update - In connection with the acquisition of the Bell Mountain Gold/Silver project, the company issued 3 million common shares and an additional 1.5 million shares were issued to satisfy final payment obligations [7][8] - On August 13, 2025, the company granted 1,885,000 stock options to directors, officers, and consultants, exercisable for five years at an exercise price of $0.215 per option [8] Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property [9]