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Cerro de Pasco Resources Announces Private Placements of up to $15 Million
Globenewswire· 2025-10-21 01:12
Core Points - Cerro de Pasco Resources Inc. is conducting a private placement to raise up to $15 million by offering up to 31,250,000 units at a price of $0.48 per unit [1][3] - Each unit consists of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.68 for 24 months [2] - The proceeds will be used for advancing the Quiulacocha Tailings Project and for general corporate purposes [3] Financial Details - The offering is expected to close around November 6, 2025, subject to necessary approvals [6] - Agents will receive a cash fee of 6% of the gross proceeds and broker warrants equivalent to 6% of the offering [7] Company Overview - Cerro de Pasco Resources focuses on the El Metalurgista mining concession, which contains silver-rich mineral tailings and stockpiles from over a century of mining operations [9] - The company aims to reprocess mining waste and engage in environmental remediation, contributing to a circular economy [9]
VR Resources Announces $1.5M Brokered Private Placement Led by Centurion One Capital, Concurrent Share Consolidation, Management Change, and Start-Up of Drill Planning for its New Boston Tungsten-Molybdenum-Copper-Silver porphyry project in Nevada
Globenewswire· 2025-10-20 23:09
Core Points - VR Resources Limited has entered into an agreement with Centurion One Capital Corp. for a brokered private placement aiming to raise up to $1.5 million through the sale of up to 15 million units at a post-Consolidation issue price of $0.10 per unit [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at a price of $0.16 for 36 months [1] - The proceeds from the offering will be allocated for exploration at the New Boston tungsten-moly-copper-silver project and Bonita copper-gold project in Nevada, as well as for general working capital [2] Offering Details - Insiders of the Company and the Lead Agent may acquire up to approximately 50% of the offering, which will be considered a related party transaction [3] - A commission of 8% will be payable to the Lead Agent on the cash proceeds, along with broker warrants equal to 8% of the units issued [4] - The offering is expected to close around November 14, 2025, subject to necessary approvals and the completion of a share consolidation [5] Share Consolidation - The Company will undergo a consolidation of its shares at a ratio of five pre-consolidation shares to one post-consolidation share, pending approval from the Exchange [8] - Following the consolidation, the Company is expected to have approximately 26,688,695 shares outstanding, excluding shares from the offering [9] - The issue price and exercise price reflect the post-consolidation basis [10] Management Change - Justin Daley has resigned as CEO and President, effective October 20, 2025, with Dr. Michael H. Gunning appointed as the new President and CEO [12]
SPOD Lithium Announces Upsizing of its Private Placement
Newsfile· 2025-10-20 21:25
Core Points - SPOD Lithium Corp. intends to upsize its private placement offering to 25,000,000 units at a price of $0.02 per unit, aiming for gross proceeds of up to $500,000 [1][3] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.05 within 24 months [2] - The net proceeds from the offering will be used for general working capital purposes [3] - The offering will be made to qualified purchasers under exemptions from prospectus and registration requirements [3] Group 2: Related Party Transactions - Directors and officers of the company may participate in the offering, which is classified as a related party transaction under MI 61-101 [3] Group 3: Regulatory and Compliance Information - The company may pay finders' fees to eligible finders, subject to compliance with securities laws and CSE policies [4] - All securities issued will be subject to a statutory hold period of four months and one day from issuance [4] - The offering has not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or exemption [5] Group 4: Company Overview - SPOD Lithium Corp. is focused on lithium resource exploration and development, with properties located in Quebec and Ontario, Canada [7]
Terra Clean Announces Life Offering
Thenewswire· 2025-10-20 20:05
Core Viewpoint - Terra Clean Energy Corp. is initiating a non-brokered private placement to raise funds for various corporate purposes, including the purchase of Utah claims and future exploration costs [1][2]. Group 1: Offering Details - The private placement will consist of a minimum of 10,000,000 units and up to 19,520,350 units, priced at C$0.14 per unit, aiming for gross proceeds of C$1,400,000 to C$2,732,849 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1]. - The offering is expected to close around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canadian provinces and territories, excluding Quebec, without a hold period under Canadian securities laws [3]. - An offering document is available on SEDAR+ and the company's website for prospective investors [3]. Group 4: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].
TERRA CLEAN ANNOUNCES LIFE OFFERING
Globenewswire· 2025-10-20 20:05
Core Viewpoint - Terra Clean Energy Corp. is conducting a non-brokered private placement to raise between C$1,400,000 and C$2,732,849 by issuing units at C$0.14 each, with each unit consisting of one common share and one-half warrant [1][2]. Group 1: Offering Details - The offering will consist of a minimum of 10,000,000 units and up to 19,520,350 units, with each warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1][2]. - The expected closing date for the offering is around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canada (excluding Quebec) and other qualifying jurisdictions without a hold period [3]. Group 4: Finder's Fee - The company may pay a finder's fee of up to 7% of the aggregate proceeds in cash and non-transferrable finder warrants [4]. Group 5: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].
Zentek Announces Upsizing of Non-Brokered Private Placement to up to $2,500,000
Newsfile· 2025-10-20 14:30
Core Points - Zentek Ltd. has announced an increase in its non-brokered private placement to a total of up to $2,500,000, allowing for the issuance of up to 2,358,490 Units at a price of $1.06 per Unit [1] - The proceeds from the Offering will be utilized for working capital and general corporate purposes [1] Summary by Sections Offering Details - Each Unit consists of one Common Share, one-half of a Series A Warrant, and one-half of a Series B Warrant [2] - Series A Warrants allow the purchase of one Common Share at $1.50 for 24 months, with potential acceleration if the share price reaches $2.00 for 10 consecutive trading days [3] - Series B Warrants allow the purchase of one Common Share at $2.00 for 36 months, with potential acceleration if the share price reaches $3.00 for 10 consecutive trading days [4] Regulatory and Compliance - The closing of the Offering is subject to necessary corporate and regulatory approvals, including TSXV approval [5] - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [5] Company Overview - Zentek is an ISO 13485:2016 certified intellectual property technology company focused on the research, development, and commercialization of innovative products [7] - The company's patented technology platform, ZenGUARD™, enhances viral filtration efficiency for surgical masks and HVAC systems [8] - Zentek holds a global exclusive license to an Aptamer-based platform technology developed by McMaster University for diagnostic and therapeutic markets [10]
Herbal Dispatch Announces Closing of Oversubscribed Equity Private Placement
Thenewswire· 2025-10-20 12:30
 October 20, 2025 – TheNewswire - Vancouver, B.C. – Herbal Dispatch Inc. (CSE: HERB) (“Herbal Dispatch” or the “Company”) is pleased to announce that in furtherance to its news releases issued on July 29, August 28, and September 3, 2025, the Company has closed its oversubscribed non-brokered private placement (the “Private Placement”), with the sale of 41,564,220 units (each a “Unit”) at a price of CAD$0.05 per Unit, for aggregate subscription proceeds of CAD$2,078,211. Each Unit subscribed for under the ...
Lion One Announces Closing of Second Tranche of LIFE Offering and Upsize of Sidecar Private Placement
Newsfile· 2025-10-20 12:00
Core Points - Lion One Metals Limited has successfully closed the second tranche of its non-brokered private placement, raising a total of $25,000,000 through the LIFE Offering [1][4] - The second tranche specifically raised $5,969,847 by issuing 18,557,334 Offered Units at a price of $0.32 per unit [1][2] - The company has also upsized its Sidecar Private Placement from $7,000,000 to $9,000,000 due to increased investor demand [3] Financial Details - Each Offered Unit in the LIFE Offering consists of one common share and one warrant, with the warrant allowing the purchase of a common share at $0.42 for three years [2] - The company paid finder's fees totaling $384,769.28 in cash and issued 1,202,403 finders warrants in connection with the second tranche [5] - The Sidecar Private Placement will consist of up to 28,125,000 Offered Units at the same issue price, with expected closing around October 22, 2025 [3][8] Use of Proceeds - The net proceeds from both the LIFE Offering and the Sidecar Private Placement will be used for the development of the Tuvatu Gold Project, loan repayments, and working capital [4] 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 various mining facilities [10]
Western Star Resources Announces Non-Brokered Private Placement for Aggregate Proceeds of CAD $1,500,000 With Lead Order of $700,000
Thenewswire· 2025-10-20 12:00
Core Points - Western Star Resources Inc. plans to complete a non-brokered Private Placement of up to 7,500,000 units at a price of $0.20 per unit, aiming for gross proceeds of up to $1,500,000 [1][3] - Each unit will consist of one common share and one share purchase warrant exercisable at $0.35 for two years, with a four-month holding period for all securities issued [2][3] - The net proceeds will be used to define high-priority drill targets at the Western Star Project, facilitate the company's move into Nevada for critical metals, and for general working capital and market awareness [3] Company Information - Western Star Resources is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration practices and partnerships [5] - The company owns nine non-surveyed contiguous mineral claims totaling 2,797 hectares located in the Revelstoke mining division of British Columbia, approximately 50 kilometers southeast of Revelstoke [5]
Trinity One Metals Closes Fully Subscribed Private Placement
Newsfile· 2025-10-17 22:16
Core Points - Trinity One Metals Ltd. has successfully closed a non-brokered private placement offering, issuing 15,000,000 units at a price of $0.05 per unit, resulting in total gross proceeds of $750,000 [1][3] Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, with warrants allowing the purchase of one common share at $0.075 until October 17, 2028 [2] - The company paid finder's fees of $23,850 and issued 477,000 finder's warrants, which are exercisable at $0.075 until October 17, 2027 [3] - The net proceeds from the offering will be used for assessing new growth opportunities, maintaining the existing exploration portfolio, and for general working capital [3] Regulatory Compliance - All securities issued under the offering are subject to a hold period expiring on February 18, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies [4] - The offering is pending final approval from the TSX Venture Exchange [4] Related Party Transactions - Two directors and an officer participated in the offering, contributing a total of $142,500, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [5] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation not exceeding 25% of the company's market capitalization [5] Director Holdings - Matthew Wood, a director, acquired 550,000 units for $27,500, increasing his holdings to approximately 8.87% on an undiluted basis and 15.10% on a partially diluted basis [6] - Thomas Wood, an officer and director, acquired 2,000,000 units for $100,000, representing approximately 6.00% on an undiluted basis and 11.33% on a partially diluted basis [7]