Workflow
Private Placement Financing
icon
Search documents
Neotech Metals Announces Private Placement Offering
Newsfile· 2025-07-24 08:00
Core Viewpoint - Neotech Metals Corp. is planning a non-brokered private placement financing to raise approximately $1.1 million through the issuance of non-flow through units and flow-through units [1][5]. Group 1: Financing Details - The company intends to issue up to 588,235 non-flow through units at a price of $0.17 per unit, aiming for gross proceeds of approximately $100,000 [1]. - Additionally, the company plans to issue up to 4,000,000 flow-through units at a price of $0.25 per unit, targeting gross proceeds of up to $1,000,000 [1]. - Each non-flow through unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.35 for two years [2]. - Each flow-through unit will consist of one common share and one flow-through warrant, with similar terms for the warrant as the non-flow through units [3]. Group 2: Use of Proceeds - The net proceeds from the sale of flow-through units will be allocated for qualified expenditures related to the company's mineral properties [5]. - The net proceeds from the sale of non-flow through units will be used for general working capital purposes [5]. Group 3: Company Overview - Neotech Metals Corp. is focused on mineral exploration, particularly in rare-earth elements and rare metals, with projects located in promising jurisdictions [7][8]. - The company has a diversified portfolio, including the Hecla-Kilmer project and others in British Columbia, all of which are 100% owned [8].
Honey Badger Silver Announces Closing of Upsized Non-Brokered Private Placement Financing
Newsfile· 2025-07-24 03:05
Core Points - Honey Badger Silver Inc. has successfully closed a non-brokered private placement financing, raising a total of $630,205.92 through the issuance of 5,729,145 units at a price of $0.11 per unit due to strong investor demand [1] - The total gross proceeds from the company's financing efforts, including previous tranches, amount to approximately $3.081 million [2] - The net proceeds from the Additional Financing will be utilized for advancing the company's properties, purchasing silver royalties, and for general administrative purposes [3] Financial Details - The company paid aggregate cash finder's fees of $10,500 and issued 95,455 non-transferable finder's warrants, each exercisable at C$0.15 per share until January 23, 2027 [4] - The securities issued are subject to a four-month hold period under Canadian securities laws and require final approval from the TSX Venture Exchange [5] Company Overview - Honey Badger Silver is focused on silver mining, with projects located in historically rich mining areas, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver and the Clear Lake Project with a historic resource of 5.5 million ounces of silver [7][8] - The company has significant land holdings in the Nanisivik Mine Area, which produced over 20 million ounces of silver from 1976 to 2002 [7]
INTERNATIONAL BATTERY METALS LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
Prnewswire· 2025-07-21 13:01
Core Viewpoint - International Battery Metals Ltd. (IBAT) has entered into subscription agreements to issue US$5 million in units to Encompass Capital Advisors LLC, aimed at funding its modular direct lithium extraction plant and general corporate purposes [1][3]. Group 1: Offering Details - The offering will consist of 25,765,258 units at a deemed issue price of approximately US$0.19406, resulting in aggregate gross proceeds of US$5 million [3]. - Each unit will include one common share and one warrant, with the warrant allowing the holder to acquire one common share at an exercise price equal to the market price, valid for three years from issuance [2][3]. - The expected closing date for the offering is around August 8, 2025, pending approval from the TSX Venture Exchange [3]. Group 2: Additional Investment Rights - Encompass has the right to purchase up to US$2 million of additional units at its discretion until December 31, 2025, under terms at least as favorable as those in the initial subscription agreements [4]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated to preparing IBAT's modular direct lithium extraction plant for future operations and for general corporate purposes [3]. Group 4: Related Party Transactions - The participation of Encompass in the offering constitutes a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [11]. Group 5: Warrant Amendments - Concurrently with the offering, the company will extend the expiration dates of existing warrants held by Encompass and EV Metals, aligning them with the new warrants issued in the offering [9][10].
Quantum Closes Private Placement
Thenewswire· 2025-07-18 13:00
Core Viewpoint - Quantum Critical Metals Corp. has successfully closed its final tranche of a non-brokered private placement financing, raising gross proceeds of $580,000.30 through the sale of 5,800,003 units at a price of $0.10 per unit [1][4]. Group 1: Offering Details - The total gross proceeds from the entire offering amounted to $2,009,100.30, with 20,091,003 units sold [4]. - The company paid finder's fees totaling $54,217 in cash and issued 541,170 broker warrants for subscriptions introduced by certain persons [4]. - The offering included participation from certain insiders, amounting to $165,000.30 from the issuance of 1,650,003 units [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to fund ongoing exploration activities on the company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. Group 3: Regulatory and Compliance - The closing of the offering is subject to final approval from the TSX Venture Exchange and customary conditions for private placements [3]. - All securities issued are subject to a statutory hold period of four months and one day, expiring on November 18, 2025 [3]. Group 4: Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various promising assets [8].
Volcanic Gold Closes Upsized Private Placement, Raising $1.66 Million
Thenewswire· 2025-07-17 17:00
Group 1 - Volcanic Gold Mines Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $1,664,200 by issuing 13,868,332 units at a price of $0.12 per unit [1] - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.16 for two years after closing [1] - The company plans to use the proceeds to fund exploration activities on the Holly Property in Guatemala and for general working capital [2] Group 2 - Finder's fees for the financing included cash payments of $23,712 and 197,599 warrants with the same terms as the unit warrants [3] - Securities issued in the placement are subject to a resale restriction until November 16, 2025, and the private placement is pending final approval by the TSX Venture Exchange [3] Group 3 - Volcanic Gold Mines Inc. aims to build multi-million-ounce gold and silver resources in underexplored countries through strategic acquisitions and effective exploration programs [4]
Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing
Newsfile· 2025-07-17 13:23
Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement FinancingJuly 17, 2025 9:23 AM EDT | Source: Maritime Resources Corp.Toronto, Ontario--(Newsfile Corp. - July 17, 2025) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced brokered "best efforts" private placement offering (the "Offering") of common shares in the capital of the Company ("Offered Securities") for aggregate gross proceed ...
First Andes Silver Closed First Tranche of Private Placement
Newsfile· 2025-07-17 01:04
Core Viewpoint - First Andes Silver Ltd. has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $1,017,000 by issuing 10,170,000 units at a price of $0.10 CAD per unit [1][4]. Group 1: Financing Details - 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 securities issued are subject to a four-month resale restriction, and the company paid a finder's fee of $42,350 along with 423,500 share purchase warrants [3]. - The second tranche of the offering is expected to close within seven days, pending acceptance from the TSX Venture Exchange [4]. Group 2: Use of Proceeds - Proceeds from the first tranche will be utilized to expand the current drill program at the Santas Gloria silver property and for general working capital [4]. Group 3: Company Overview - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 55 km east of Lima, Peru, which features established road access and is situated in a known mining district [5]. - The property hosts over 12 km of multiphase veins that had not been historically drilled or explored using modern techniques prior to 2024 [5]. - The company's maiden diamond drill program reported high-grade silver across all drilled vein systems, confirming the silver endowment and necessitating high-priority follow-up drilling in 2025 [5].
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]
Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp
Newsfile· 2025-07-03 13:20
Core Points - Great Pacific Gold Corp. has successfully closed a brokered private placement offering, raising gross proceeds of $16.9 million [1] - The offering involved the issuance of 37,655,200 units at a price of $0.45 per unit, each consisting of one common share and one-half of a common share purchase warrant [2] - The net proceeds will be allocated for drilling at the Wild Dog Project, exploration activities in Papua New Guinea, and general administrative expenses [4] Offering Details - The offering was led by Canaccord Genuity Corp. and included a syndicate of agents such as Haywood Securities Inc., Clarus Securities Inc., and Cormark Securities Inc. [1] - Each warrant allows the holder to purchase one common share at an exercise price of $0.70 for three years [2] - Agents received a cash fee of 6.0% of the gross proceeds and were granted broker warrants equal to 6.0% of the units sold [5] Project Focus - The company is focused on developing gold-copper resources in Papua New Guinea, with key projects including the Wild Dog Project, Kesar Project, and Arau Project [7][10] - The Wild Dog Project is a brownfield exploration site with a history of small-scale gold mining, while the Kesar Project is a greenfield exploration project with high-priority targets [10] - The Arau Project contains the Mt. Victor exploration target, which has shown promising results from previous drilling programs [10]