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Azincourt Energy Corp. Announces Private Placement
Newsfile· 2025-10-17 21:14
Core Viewpoint - Azincourt Energy Corp. is initiating a non-brokered private placement to raise up to C$1,000,000 through the issuance of flow-through units priced at $0.025 each [1][2]. Group 1: Offering Details - The offering consists of flow-through units, each comprising one flow-through common share and one common share purchase warrant, with the warrant exercisable at $0.05 for 36 months [2]. - The gross proceeds will be allocated to the drilling, exploration, and development of the Harrier Project in Newfoundland and Labrador [3]. - Proceeds will not be used for payments to non-arms length parties or for investor relations activities [3]. Group 2: Regulatory and Tax Implications - The company may pay finders' fees in accordance with applicable securities laws and TSX Venture Exchange policies [4]. - The securities issued will be subject to a hold period of four months and one day from the closing date, pending necessary approvals [4]. - The flow-through shares will qualify for tax benefits under the Income Tax Act (Canada), with proceeds used for eligible resource exploration expenses [5]. Group 3: Company Overview - Azincourt Energy Corp. focuses on the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [7]. - The company is currently active in multiple projects, including the East Preston uranium project and the Harrier project [7].
Generation Uranium Announces Announces Closing Of Second And Final Tranche Of Private Placement
Thenewswire· 2025-10-17 21:00
Core Points - Generation Uranium Inc. has successfully closed the second and final tranche of its non-brokered private placement, issuing 10,400,000 common shares at a price of $0.05 per share, resulting in gross proceeds of $520,000 [1] - The total gross proceeds from both tranches amount to $687,500 through the issuance of 13,750,000 common shares [1] - The proceeds from the Offering will be allocated for general working capital and corporate purposes [2] Regulatory and Compliance - All securities issued under the second tranche are subject to a hold period expiring on February 18, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies [2] - The Company has received conditional approval from the TSXV for the Offering, with the securities subject to final acceptance [2] Stock Options - The Company has granted a total of 2,625,000 stock options to certain directors, officers, and consultants, each exercisable to acquire one common share at a price of $0.075 per share for a period of two years from the date of grant [3] - The options are subject to the terms of the Company's stock option plan and TSX Venture Exchange policies [3] Company Overview - Generation Uranium is engaged in the exploration and development of mineral properties, holding a 100% interest in the Yath Uranium Project located in Nunavut [4]
Sienna Resources Inc. Announces Private Placement to Fund Multiple Work Programs
Newsfile· 2025-10-17 20:46
Core Points - Sienna Resources Inc. has announced a non-brokered private placement to raise up to $3,000,000 at a price of $0.12 per unit, with each unit consisting of one common share and one transferable share purchase warrant priced at $0.17 for a period of 60 months [1][2][3] - The net proceeds from the financing will be allocated towards general working capital and evaluating existing projects, including drill programs for gold and lithium [2][3] - The company has approximately 25 million shares outstanding, with a pre-raise valuation of under $3 million, indicating an attractive opportunity for investors [3] Financial Details - The financing aims to raise up to $3,000,000 at a unit price of $0.12, with each unit including a share purchase warrant [1][2] - The share purchase warrant allows for the purchase of common shares at $0.17 for 60 months from the closing date [1] - The financing is subject to necessary approvals from the TSX Venture Exchange and other regulatory bodies [2] Management Commentary - Jason Gigliotti, President of Sienna Resources Inc., emphasized that the financing will enable the company to engage in multiple programs and maintain a robust marketing budget, with expectations of being very active in 2025-26 [3]
Rivalry Closes Second Tranche of Private Placement
Globenewswire· 2025-10-17 20:30
Core Points - Rivalry Corp. has successfully closed the second tranche of its non-brokered private placement, issuing 27,600,000 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,380,000 [1] - Each unit consists of one subordinate voting share and one purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The proceeds from the private placement will be used for corporate development and general working capital [1] Additional Closings and Debt Restructuring - The company anticipates completing additional closings of up to 55,200,000 units, including securities from a strategic family office subscription agreement [2] - Rivalry is also in the process of a debt restructuring as per a settlement agreement with its senior lender, expected to be completed by October 24, 2025 [2] Company Overview - Rivalry Corp. operates Rivalry Limited, a prominent sports betting and media company focused on regulated online wagering for esports, traditional sports, and casino games [3] - The company is based in Toronto and operates globally in over 20 countries, holding an Isle of Man license and an internet gaming registration in Ontario [3] - Rivalry aims to shape the future of online gambling for a digital generation, leveraging creative execution and brand positioning [3]
Colibri Clarifies Structure of Its Offerings
Newsfile· 2025-10-17 19:59
Core Points - Colibri Resource Corporation is conducting multiple securities offerings, including a non-brokered private placement and a debt conversion, while clarifying previous disclosures [1][5] - The company is focused on mineral exploration, particularly gold and silver properties in Mexico, holding several high-potential projects [3] Offering Details - The Unit Offering consists of up to 8,333,333 units priced at $0.15 each, aiming for gross proceeds of up to $1,250,000, with each unit including one common share and one warrant [5] - A debt conversion will exchange approximately $520,000 for up to 3,466,667 units, with no insider participation [5] - The Debenture Offering targets gross proceeds of up to US$250,000, consisting of convertible debentures and warrants, with a fixed conversion price of C$0.25 per common share [5] Company Overview - Colibri Resource Corporation is a Canadian mineral exploration company listed on the TSX Venture Exchange, focusing on acquiring and developing gold and silver properties in Mexico [3] - The company holds 100% ownership of the EP Gold Project, a 49% interest in the Pilar Gold & Silver Project, and a 60% interest in the Diamante Gold & Silver Project [3]
Rise Gold Announces Financing up to US$7,000,000
Newsfile· 2025-10-17 14:52
Grass Valley, California--(Newsfile Corp. - October 17, 2025) - Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the "Company" or "Rise Gold") announces that it intends to raise up to US$7,000,000 through the issuance of up to 28,000,000.00 units (each a "Unit") at a price of US$0.25 per Unit (~CDN$0.35 per Unit), with each Unit consisting of one share of common stock (a "Share") and one share purchase warrant (the "Private Placement"). Each share purchase warrant entitles the holder to acquire one Share at an e ...
Brazil Potash Announces $28 Million Private Placement
Globenewswire· 2025-10-17 13:05
Core Viewpoint - Brazil Potash Corp. has announced a private placement financing to raise approximately $28 million through the sale of Common Units and Pre-Funded Units, aimed at supporting its potash mining project, the Autazes Project [1][2]. Group 1: Financing Details - The private placement includes 11,450,000 Common Units and 2,550,000 Pre-Funded Units, with each Common Unit priced at $2.00 and each Pre-Funded Unit priced at $1.999 [1]. - Common Units consist of one common share and one common stock purchase warrant, while Pre-Funded Units include one pre-funded warrant and one common stock purchase warrant [1]. - The transaction is expected to close on October 20, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and other general corporate purposes [2]. Group 3: Company Overview - Brazil Potash is developing the Autazes Project to supply sustainable fertilizers, addressing Brazil's reliance on imported potash, which was over 95% in 2021 [5]. - The company aims to produce up to 2.4 million tons of potash annually, potentially supplying around 20% of Brazil's current potash demand [5]. - The production will primarily be transported using low-cost river barges in partnership with Amaggi, a major agricultural operator in Brazil [5].
Volt Carbon Technologies Announces $300,000 Placement
Newsfile· 2025-10-17 12:43
Core Points - Volt Carbon Technologies Inc. intends to complete a non-brokered private placement financing of up to 20,000,000 units at a price of C$0.015 per unit, aiming for gross proceeds of up to C$300,000 [1][3] Financing Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at an exercise price of C$0.05 for 24 months [2] - The offering price represents a 25% discount to the company's market price, in accordance with TSX Venture Exchange Policy 4.1 [3] - Proceeds from the offering will be used to pay outstanding payables, advance battery and mobile mineral separation technology, and for general working capital [3] Regulatory and Closing Information - Closing of the offering is subject to customary conditions and regulatory approvals, including approval from the TSX Venture Exchange, with an anticipated closing within approximately 30 business days [4] - No insiders intend to participate in the offering, and no new control persons will be created as a result of the offering [4] Company Overview - Volt Carbon is a publicly traded carbon science company focused on energy storage and green energy creation, with holdings in mining claims across Ontario, Quebec, and British Columbia [6]
European Lithium sells 3.03 million shares of CRML
Yahoo Finance· 2025-10-17 11:17
Core Insights - European Lithium (EUR) has sold an additional 3.03 million shares of Critical Metals Corp (CRML) to a US institutional investor, generating approximately $50 million (A$76 million) in net proceeds [1] - CRML has completed a private placement, raising an equivalent amount of $50 million in equity funding to develop the Tanbreez Rare Earth Project in Greenland [1][2] - EUR holds 53,036,338 shares in CRML, valued at around US$1.2 billion (A$1.85 billion) based on the US$22.72 closing price on Nasdaq, indicating a significant discrepancy between EUR's market capitalization and its shareholding in CRML [4][5] Financial Transactions - The securities purchase agreement states that CRML will issue 1.47 million ordinary shares at a price of $16.50 per share, totaling $50 million [2] - Pre-funded warrants have been issued, allowing for the acquisition of approximately 1.56 million additional shares [2] Strategic Developments - EUR's executive chairman, Tony Sage, highlighted the capital raising by CRML as a sign of continued investor confidence in the US markets [3] - The company is aware of the market capitalization discrepancy and is executing strategic options to better reflect its intrinsic value, currently holding over $190 million in cash reserves [5]
Nevada Sunrise Announces Increase to Private Placement
Newsfile· 2025-10-16 22:24
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") is pleased to announce an increase to the size of the non-brokered private placement announced earlier today of up to 7,000,000 units, to a new total of up to 12,000,000 units (the "Offering") at a price of $0.05 per unit (the "Units") for gross proceeds of up to $600,000, due to investor demand. The Units will be issued on the same terms as ...