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Panoro Minerals Ltd. Announces Closing of Final Tranche of Brokered LIFE Offering for Gross Proceeds of C$520,000
Globenewswire· 2025-12-23 14:29
Core Viewpoint - Panoro Minerals Ltd. has successfully closed the second tranche of its private placement, raising a total of C$3,438,200 to fund its Cotabambas Copper-Gold-Silver project and for general corporate purposes [1][3]. Group 1: Offering Details - The second tranche of the offering generated gross proceeds of C$520,000 from the sale of 1,300,000 units at a price of C$0.40 per unit [1]. - The total amount raised from the offering was C$3,438,200 from the sale of 8,595,500 units [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at C$0.60 until November 21, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project [3]. - Additional funds will be used for working capital and general corporate purposes [3]. Group 3: Regulatory and Agent Information - The offering was conducted under the listed issuer financing exemption, allowing the units to be issued to Canadian purchasers [4]. - Red Cloud Securities Inc. acted as the lead agent, with Cormark Securities Inc. as co-agent, receiving a 6.0% cash commission on the gross proceeds [5]. Group 4: Company Objectives - Panoro is focused on completing technical objectives, including project optimization studies that will contribute to a preliminary economic assessment for the Cotabambas Project [8]. - The company is also engaged in discussions regarding potential strategic alternatives to advance the project into construction and operation [8].
U.S. GOLD CORP. ANNOUNCES $31.2 MILLION PRIVATE PLACEMENT
Prnewswire· 2025-12-23 13:00
Core Viewpoint - U.S. Gold Corp. has successfully closed a private placement, raising approximately $31.2 million through the sale of common stock and warrants, aimed at funding development and exploration projects [1][3]. Group 1: Private Placement Details - The company issued 1,922,159 shares of common stock at $16.25 per share and warrants for 961,077 shares at an exercise price of $23.00 per share [1]. - The total gross proceeds from this offering amount to approximately $31.2 million [1]. - The pricing of the offering shares reflects a 4% discount to the closing price of $16.91 on December 15, 2025 [1]. Group 2: Shareholder Information - New shareholders include notable investment firms such as Franklin Templeton Investments, Mackenzie Investments, and Libra Advisors [2]. - The 30-day and 20-day Volume Weighted Average Price (VWAP) as of December 15, 2025, were $16.03 and $16.43 per share, respectively, indicating a premium of approximately 1.4% to the 30-day VWAP and a discount of about 1.1% to the 20-day VWAP [2]. Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated for initial development costs at the CK Gold Project, potential land acquisitions, further exploration of properties, and general working capital [3]. Group 4: Company Overview - U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development, with properties including the CK Gold Project in Wyoming, the Keystone property in Nevada, and the Challis Gold Project in Idaho [6].
ATERRA Provides Update on Private Placement
TMX Newsfile· 2025-12-22 21:35
Toronto, Ontario--(Newsfile Corp. - December 22, 2025) - ATERRA Metals Inc. (CSE: ATC) (OTCQB: CSSCF) ("ATERRA" or the "Company") is pleased to announce that due to strong investor demand, it has updated the structure of its previously announced financing (see the Company's news release dated December 16, 2025), from a hybrid offering that included a portion under the "listed issuer financing exemption" ("LIFE"), to solely a non-brokered private placement on a prospectus-exempt basis (excluding LIFE) of up ...
First Phosphate raises C$9.6M in final tranche of private placement
Proactiveinvestors NA· 2025-12-22 13:46
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Belo Sun Announces Private Placement Financing
Globenewswire· 2025-12-22 12:50
Core Points - Belo Sun Mining Corp. is conducting a non-brokered private placement financing at a price of C$0.43 per common share, aiming for gross proceeds of up to US$30 million (C$41,343,000) [1] - La Mancha Investments, an existing shareholder, has committed to participate in the private placement and will provide a majority of the funding [2] - The completion of the private placement is expected to create a new Control Person, La Mancha, subject to shareholder and Toronto Stock Exchange approvals [3] Financing Details - The private placement will involve a statutory hold period of four months plus a day from the date of issuance [4] - Proceeds from the financing will be used for working capital and general corporate purposes, including commitments to local communities [5] - The company may pay finder fees in accordance with Toronto Stock Exchange policies [5] Regulatory Considerations - The securities issued in the private placement will not be registered under the United States Securities Act of 1933 [6] - The creation of a new Control Person requires shareholder approval as La Mancha's participation will result in holding 20% or more of the shares [7] - La Mancha's participation is classified as a related party transaction, and the company will rely on exemptions from formal valuation and minority shareholder approval requirements [8] Company Overview - Belo Sun is focused on developing the Volta Grande Gold Project in Pará State, Brazil, and trades on the Toronto Stock Exchange under the symbol "BSX" [9]
Coastal Carolina Bancshares, Inc. Announces Common Equity Private Placement
Accessnewswire· 2025-12-19 21:55
MYRTLE BEACH, SC / ACCESS Newswire / December 19, 2025 / Coastal Carolina Bancshares, Inc. (OTCQX:CCNB) (the "Company" or "CCNB"), parent company of Coastal Carolina National Bank, announced today that it has entered into Securities Purchase Agreements providing for the issuance of $15 million in common equity at a price of $12.50 per share to institutional and certain accredited investors. The Company intends to use the proceeds from the common equity issuance for general corporate purposes, including stre ...
Morocco Strategic Minerals Closes Private Placement for a Total Amount of $600,000
Globenewswire· 2025-12-19 18:54
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES MONTREAL, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation. (TSXV: MCC) ("MCC" or the "Corporation") announce the closing of a non-brokered private placement, raising total gross proceeds of $600,000 through the issuance of 6,000,000 units of the Corporation ("Units") at a price of $0.10 per Unit (the "Offering"). Each Unit consists in one common share of the Corporation (a “Common Share”) and on ...
Canadian GoldCamps Announces Management/Board Changes, Private Placement and Letter of Intent to Acquire Two Québec Gold Projects
Globenewswire· 2025-12-19 18:34
VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Canadian GoldCamps Corp. (CSE: CAMP) (OTC: SMATF) (FSE: A68) (the “Company”) is pleased to announce management and board changes, a non-brokered private placement financing to raise up to $1 million and a binding letter of intent (the “LOI”) in respect of a proposed option agreement to acquire two gold exploration projects in Québec from Stelmine Canada Ltd. (TSXV: STH) (“Stelmine”). MANAGEMENT AND BOARD CHANGES The Company announces that Mr. Ge ...
Pinnacle Closes First Tranche of Private Placement
Thenewswire· 2025-12-18 19:35
VANCOUVER, BRITISH COLUMBIA, December 18, 2025 – TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. ("Pinnacle" or the “Company") is pleased to announce that it has closed a first tranche of the non-brokered private placement announced on November 25, 2025 (the “Offering”) for gross proceeds of $1,067,532.94.  The first tranche consisted of 7,268,171 units (the "Units") with each Unit, priced at $0.14, comprising one common share (“Share”) in the capital of the Company ...
Grizzly Closes First Tranche of Private Placement
TMX Newsfile· 2025-12-18 14:15
Core Viewpoint - Grizzly Discoveries Inc. has successfully closed the initial tranche of a non-brokered private placement, raising $240,000 through the sale of 8,000,000 FT Units at $0.03 each, as part of a larger offering announced previously [1][2]. Group 1: Offering Details - The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units, with each Unit comprising one Common Share and one non-transferable Warrant [2]. - Each Warrant allows the holder to purchase an additional Common Share for $0.05, expiring either 30 days after a notice from the Company or 24 months from issuance [2]. - The Offering is available to qualified subscribers in Alberta, British Columbia, Ontario, and other jurisdictions as determined by the Company [2]. Group 2: Financial Aspects - The Company paid a cash finder's fee of $14,400 and issued 240,000 Finder Warrants to GloRes Securities Inc. and Marquest Asset Management Inc. in connection with the sale of the FT Units [3]. - Following the closing of this tranche, the Company has a total of 186,602,289 common shares issued and outstanding, with trading restrictions on the Common Shares and any shares issued from the exercise of Warrants until April 18, 2026 [4]. Group 3: Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company focused on developing approximately 72,700 hectares (about 180,000 acres) of precious and base metals properties in southeastern British Columbia [5]. - The Company is managed by a highly experienced team with a proven track record in advancing exploration projects from early stages to feasibility [5].