Private Placement
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Sienna Resources Inc. Closes First Tranche of Private Placement to Fund Multiple Work Programs
Newsfile· 2025-10-28 07:01
Core Points - Sienna Resources Inc. has successfully completed the first tranche of its private placement, raising a total of $1,838,640 by issuing 15,322,001 units at a price of $0.12 per unit [1][3] - Each unit consists of one common share and one transferable share purchase warrant, with the warrants allowing the purchase of shares at $0.17 until October 27, 2030 [1][3] - The net proceeds from the financing will be allocated towards general working capital and existing projects, including drill programs for gold and lithium [3][4] Financial Details - The company paid cash finder's fees of $78,111 and issued 591,543 non-transferable share purchase warrants as part of the financing [2] - Each Finder's Warrant allows the purchase of one share at $0.17 until October 27, 2027 [2] - All securities issued are subject to a statutory hold period expiring on February 28, 2026 [2] Management Commentary - Jason Gigliotti, President of Sienna, expressed satisfaction with the successful completion of the placement, stating that the funds raised are sufficient to cover multiple work programs and support a robust marketing budget [4] - The company is committed to ensuring that the placement benefits all shareholders and drives future growth [4]
Refined Energy Corp. Announces Private Placement
Globenewswire· 2025-10-27 22:50
Core Points - Refined Energy Corp. plans to conduct a non-brokered private placement financing of a minimum of 9,500,000 units and a maximum of 10,000,000 units at a price of $0.20 per unit, aiming for gross proceeds between $1,900,000 and $2,000,000 [1][3] Financing Details - Each unit will consist of one common share and one share purchase warrant, with the warrant allowing the purchase of a share at $0.25 for 24 months, subject to a 60-day hold period post-closing [2] - The anticipated closing date for the private placement is around November 14, 2025, contingent on regulatory approvals and raising the minimum amount [3] Use of Proceeds - The net proceeds from the private placement will be allocated for exploration and evaluation expenditures at the Dufferin Project and for general working capital [3] Regulatory Compliance - The units will be offered to purchasers in all Canadian provinces except Quebec, under the listed issuer financing exemption, meaning the securities will not have resale restrictions [4] Company Overview - Refined Energy Corp. is a junior mining company focused on mineral properties in North America, with the Dufferin Project being its flagship project and a drill program planned for 2026 [7]
Wedgemount Proposes Interest Settlement and Plans Private Placement
Thenewswire· 2025-10-27 22:25
Core Points - Wedgemount Resources Corp. has proposed to settle outstanding interest of $129,950 owed to holders of its $2,599,000 10% unsecured convertible debentures through the issuance of 2,599,000 common shares at a deemed price of $0.05 per share [1][2] - The company also has the option to settle the scheduled February 25, 2026 interest payment of $129,950 in shares, contingent upon market conditions at the time of payment [3] - Debenture holders with a principal amount of $1,832,000 have agreed to the settlement proposal, pending acceptance by the Canadian Securities Exchange [4] Private Placement - The company plans to conduct a non-brokered private placement of up to 10,000,000 units at CAD$0.05 per unit, aiming for gross proceeds of up to CAD$500,000 [5] - 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 one common share at CAD$0.12 for two years [5] - The net proceeds from the offering will be used for general working capital purposes, and all securities issued will be subject to a hold period of 4 months and 1 day after issuance [5] Company Overview - Wedgemount Resources is a junior natural resource company focused on maximizing shareholder value through the acquisition, development, and exploitation of oil and gas projects in Texas, USA [6]
Thunder Mountain Gold Closes US$2.5 Million Private Placement
Newsfile· 2025-10-27 13:55
Core Viewpoint - Thunder Mountain Gold, Inc. has successfully closed a non-brokered private placement, raising a total of US$2,500,000 to advance its South Mountain Project and support its long-term vision [1][3]. Financing Details - The private placement involved the issuance of 10,000,000 units at a price of US$0.25 per unit, generating gross proceeds of US$2,500,000. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at US$0.40 until October 24, 2027 [3][8]. - All securities issued are subject to a four-month hold period expiring on February 24, 2026, in accordance with Canadian securities laws [4]. Use of Proceeds - Proceeds from the private placement are earmarked for advancing technical work at the South Mountain Project, including drilling, metallurgy, resource, and mine planning studies, as well as for general working capital [8][9]. Company Overview - Thunder Mountain Gold, Inc. is a junior exploration company founded in 1935, focusing on base and precious metals projects in the western U.S. Its principal asset is the South Mountain Mine, which contains high-grade zinc, silver, gold, and copper [7][8]. - The South Mountain Project has a history of mining from the late 1940s to the late 1960s, with significant past production and ongoing development efforts [9]. Technical Data - The technical information in the release was reviewed by a qualified geologist, ensuring compliance with U.S. SK-1300 regulations and Canadian NI 43-101 standards [10].
Luminar Media Group Raises Over $3 Million in Oversubscribed First-Ever Private Placement - Surpassing Target by 6×
Accessnewswire· 2025-10-27 13:00
Core Insights - Luminar Media Group, Inc. has successfully completed its inaugural friends-and-family convertible note offering, which was oversubscribed with total commitments of $3,163,000, exceeding the initial target by more than six times [1] Company Performance - The oversubscription of the convertible note offering indicates strong investor confidence in Luminar's growth trajectory and strategic initiatives [1]
Talisker Closes First Tranche of Bought Deal Private Placement for Gross Proceeds of C$18.3 Million
Globenewswire· 2025-10-24 20:30
Core Viewpoint - Talisker Resources Ltd. has successfully closed the first tranche of its bought deal private placement, raising gross proceeds of C$18,275,001 through the sale of 12,183,334 common shares at a price of C$1.50 per share [1]. Group 1: Offering Details - The first tranche of the offering was led by Red Cloud Securities Inc. and included underwriters such as Canaccord Genuity Corp. and FMI Securities Inc. [1] - The final tranche of the offering is anticipated to close on or before November 6, 2025 [1]. - The net proceeds from the offering will be utilized for advancing the Bralorne Gold Project, general corporate purposes, and working capital [2]. Group 2: Regulatory and Compliance Information - The offered shares were sold via private placement in all provinces of Canada (except Québec) and to U.S. persons under applicable exemptions from registration requirements [3]. - Shares issued to Canadian purchasers are subject to a four-month hold period ending on February 25, 2026 [3]. - The closing of the first tranche is subject to final approval from the Toronto Stock Exchange [5]. Group 3: Underwriter Compensation - The underwriters received total cash fees of C$1,066,494.06 and 710,966 non-transferable common share purchase warrants, allowing the purchase of shares at C$1.68 until October 24, 2027 [4]. Group 4: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, with its flagship asset being the Bralorne Gold Project [7]. - The company is transitioning into underground production at the Mustang Mine and has additional projects including the Ladner Gold Project and the Spences Bridge Project [7][8].
Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for Gross Proceeds of $150,000
Newsfile· 2025-10-24 20:00
Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for Gross Proceeds of $150,000October 24, 2025 4:00 PM EDT | Source: Volt Carbon TechnologiesCalgary, Alberta--(Newsfile Corp. - October 24, 2025) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company"), is pleased to announce that it has closed the first tranche of the private placement (the "Offering") announced on October 22, 2025, by issuing an aggregate number of 6,000,000 ...
Pasinex Closes Over-Subscribed Non-Brokered Private Placement
Globenewswire· 2025-10-24 11:00
Core Viewpoint - Pasinex Resources Limited has successfully closed a non-brokered private placement of common shares, raising gross proceeds of C$ 2,331,540, which will be utilized for advancing the Sarikaya project and general working capital [1][3]. Offering Details - The offering involved the issuance of 31,087,200 common shares at a price of C$ 0.075 per share [7]. Use of Proceeds - Net proceeds from the offering will be allocated to: - Installment payments to the previous owner - Underground development - Drilling and mine equipment costs - Permitting costs - General working capital - Advanced exploration activities within the Sarikaya license area [3]. Management Commentary - Dr. Larry Seeley, Executive Chairman, expressed gratitude to shareholders for their support and highlighted the company's strengthened management and board. He noted the conversion of C$ 2 million of shareholder loans into common shares, indicating confidence in the company's projects. The successful financing is expected to enhance the company's balance sheet and support development and production growth [4]. Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, owning 100% of Horzum AŞ, which operates the Pinargozu high-grade zinc mine in Türkiye. The company also holds a 51% interest in the Gunman Project in Nevada and 100% of the Sarıkaya Group IV lead-zinc operating license in Türkiye [5][6]. Insider Participation - Insiders subscribed for a total of 2,000,000 common shares, generating gross proceeds of C$ 150,000, which is classified as a related party transaction [7]. Securities and Regulations - Following the offering, the total number of common shares issued and outstanding is 204,813,876. All securities issued are subject to a statutory hold period of four months in accordance with Canadian securities laws [7].
Lion One Announces Closing of Upsized Sidecar Private Placement
Newsfile· 2025-10-24 00:45
Core Points - Lion One Metals Limited has successfully closed an upsized non-brokered sidecar private placement, raising gross proceeds of $8,310,245.44, in addition to a previously completed LIFE Offering that raised $25,000,000, totaling $33,632,005.12 [1][2][3] Financing Details - The Sidecar Private Placement involved the issuance of 25,969,517 units at a price of $0.32 per unit, which included one common share and one warrant per unit [2] - The total number of Offered Units issued under both the Sidecar Private Placement and the LIFE Offering is 105,100,016 [2] - Each warrant allows the holder to acquire one common share at an exercise price of $0.42 for three years [2] Use of Proceeds - The net proceeds from the offerings will be used for the development of the Tuvatu Gold Project, repayment of a loan facility, and working capital [3] Management Commentary - The CEO expressed satisfaction with the demand for the offerings, indicating strong confidence in the company and plans to accelerate mine development and production at Tuvatu [3] Finder's Fees - The company paid finder's fees totaling $635,904 in cash and issued 1,987,200 finders warrants, representing an 8% commission on the gross proceeds [4] Regulatory Information - The listing of the common shares is subject to final acceptance by the TSX Venture Exchange, with certain securities under a statutory hold period [5] Company Overview - Lion One Metals is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and extensive exploration licenses [8]
Magma Silver Announces Closing of $5 Million Private Placement
Newsfile· 2025-10-23 20:45
Core Viewpoint - Magma Silver Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $5,000,000 through the issuance of 33,333,332 units at a price of $0.15 per unit [1][2]. Group 1: Offering Details - Each unit consists of 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 $0.25 for 36 months [2]. - The company intends to use the net proceeds from the offering for exploration at the Niñobamba silver-gold project in Peru, working capital, and general corporate purposes [6]. - The company paid aggregate cash finder's fees of $294,022 and issued 1,928,138 finder warrants, each allowing the purchase of one common share at $0.25 for 36 months [7]. Group 2: Insider Participation - Eric Sprott, through 2176423 Ontario Ltd., acquired 6,666,667 units for a total consideration of $1,000,000, representing approximately 9.5% of the outstanding common shares on a non-diluted basis and 13.6% on a partially-diluted basis [3][4]. - The issuance of 100,067 units to directors, officers, and insiders for gross proceeds of $15,010 constituted related party transactions, exempt from formal valuation and minority shareholder approval [9]. Group 3: Equity Incentive Awards - The board of directors approved the grant of 3,525,000 incentive stock options to certain directors, officers, consultants, and employees, exercisable into common shares at $0.25 per share for five years [10]. - The stock options will vest in four equal tranches every three months, starting three months from the grant date [10]. Group 4: Company Overview - Magma Silver Corp. focuses on acquiring, exploring, developing, and operating precious metal mining projects, with a primary focus on the Niñobamba silver-gold project in Peru [13]. - The Niñobamba project spans an 8 km mineralized corridor in a high-sulphidation epithermal system, with over C$14.5 million invested to date by various companies [13]. - The company is advancing the Niñobamba project using modern geological modeling and has strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru [13].