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Brixton Metals Closes Tranche 2 Of Its Private Placement
Globenewswire· 2025-12-11 22:03
Core Viewpoint - Brixton Metals Corporation has successfully completed the second tranche of a non-brokered private placement, raising a total of approximately $3.998 million [1][2]. Group 1: Offering Details - The Offering included 250,000 National Flow-Through Units priced at $0.08 each and 56,827,497 Non-Flow-Through Units priced at $0.07 each, resulting in total gross proceeds of $3,997,924.79 [2]. - Each FT Unit and NFT Unit consists of a National Flow-Through Share and a Common Share, respectively, along with one non-transferable warrant that allows the holder to purchase an additional Common Share at $0.10 until December 11, 2028 [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated to incur "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Income Tax Act (Canada), while proceeds from the NFT Units will be used for general corporate purposes [4]. Group 3: Securities and Regulations - The securities issued for the NFT Units are not subject to a hold period due to the offering being completed under the Listed Issuer Financing Exemption [5]. - A finder's fee of $1,200 in cash and 3,364,649 non-transferable warrants was paid to individuals who introduced subscribers to the Offering [6].
GOLD STRATEGY ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Prnewswire· 2025-12-11 20:21
Group 1 - The company, Gold Strategy Inc., has completed a non-brokered private placement offering of 5,225,000 common shares at a price of $0.05625 per share, resulting in total gross proceeds of $293,906.25 [1][2] - The proceeds from the offering are intended for working capital and general corporate purposes [1] - No finders' fees or commissions were paid in connection with the offering, and all securities issued are subject to resale restrictions until April 11, 2026 [2]
Galway Metals Announces Closing of Private Placement
Globenewswire· 2025-12-11 17:29
Core Viewpoint - Galway Metals Inc. has successfully closed a non-brokered private placement, raising approximately $461,899.80 through the issuance of 855,370 units at a price of $0.54 per unit [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one half of a transferable common share purchase warrant, with warrants allowing the purchase of one common share at an exercise price of $0.80 for three years [2]. - A finder received a cash fee of $13,859.10 and 25,665 common share purchase warrants, with each warrant allowing the purchase of one common share at $0.54 for three years [3]. - All securities issued are subject to a hold period of four months and one day, expiring on April 12, 2026, and the placement is pending final approval from the TSX Venture Exchange [3]. Group 2: Company Overview - Galway Metals is focused on creating significant per share value through exploration and sustainable development of its two 100%-owned projects in Canada [4]. - The flagship project, Clarence Stream, is a major gold district in Atlantic Canada with a high-grade gold resource, while Estrades is a former high-grade gold and zinc-rich polymetallic mine in Quebec [4]. - The company aims to replicate its previous success following a $340 million sale of Galway Resources by leveraging its promising projects in Canada [4].
Providence Gold Mines Inc. La Dama de Oro Gold, Bulk Sample and Financing Update
Thenewswire· 2025-12-11 15:55
Core Insights - Providence Gold Mines Inc. has entered into an underground mining lease agreement with Easy Mining Company Ltd. to advance the La Dama de Oro gold-silver project [1][2][4] Company Developments - Easy Mining is recognized as an experienced underground mining contractor with operations in Canada and the U.S., and will manage mining, exploration, and processing activities at the La Dama de Oro property [2][4] - The lease allows Easy Mining to explore and mine within existing underground workings, with authorization to extract a 1,000-ton bulk sample over a twelve-month period [3][4] - Providence has closed a private placement, issuing 1,604,800 units for gross proceeds of $80,240, which will be used for general administration and sampling activities at the La Dama de Oro project [5][6] - A new non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit is also announced, aiming for gross proceeds of up to $100,000 [7] Financial Arrangements - Easy Mining will pay a 2% Net Smelter Royalty to Mohave Gold Mining and Exploration Inc., the property optionor [8] - Any gross proceeds from bulk sample mining will be shared equally between Easy Mining and Providence [8]
Minaurum Gold Inc. Announces Closing of Brokered Private Placement for Gross Proceeds of C$25M, Including Exercise in Full of Agents' Option
Newsfile· 2025-12-11 14:58
Minaurum Gold Inc. Announces Closing of Brokered Private Placement for Gross Proceeds of C$25M, Including Exercise in Full of Agents' OptionDecember 11, 2025 9:58 AM EST | Source: Minaurum Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum" or the "Company") is pleased to announce that it has completed its previously announced "best efforts" private placement (the "Offering") of 69,444,442 units of the Company ( ...
Freeport Resources Announces Increase in Private Placement
Newsfile· 2025-12-11 14:15
Core Viewpoint - Freeport Resources Inc. has decided to increase the size of its non-brokered private placement due to heightened market interest, aiming to raise up to $3,500,000 through the offering of up to 116,666,666 units [1][2]. Group 1: Offering Details - The offering will consist of units, each comprising 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 a price of $0.06 for twelve months [2]. - The first tranche of the offering has been completed, issuing 53,828,332 units for gross proceeds of $1,614,850 [2]. Group 2: Use of Proceeds - Proceeds from the offering are intended for the continued development of the Yandera Copper Project and general working capital, with no plans to use the funds for investor relations activities or payments to non-arms' length parties outside of normal compensation [3]. Group 3: Regulatory and Compliance Information - The company may pay finders' fees to eligible third parties who assist in introducing subscribers to the offering, and all securities issued will be subject to a four-month-and-one-day resale restriction in accordance with applicable securities laws [4]. - Completion of the offering is subject to approval from the TSX Venture Exchange [4]. Group 4: Company Overview - Freeport Resources is a Canadian mineral exploration company focused on advancing the Yandera copper-gold-molybdenum project, one of the largest undeveloped copper-gold deposits globally, covering approximately 245.5 square kilometers in Papua New Guinea [5].
San Lorenzo Gold Announces Entering Into an Advisory Engagement with Argonaut, a Proposed Private Placement and Provides a Salvadora Drilling Update
Thenewswire· 2025-12-11 14:00
Core Viewpoint - San Lorenzo Gold Corp. has engaged Argonaut Corporate Finance Limited as a strategic financial advisor and plans to conduct a non-brokered private placement to raise up to $4 million for exploration and working capital purposes [1][2][3][6]. Advisory Engagement with Argonaut - The advisory engagement with Argonaut is for an initial term of six months, extendable by mutual agreement, focusing on the Salvadora Gold/Copper project and other properties in Chile [3]. - Argonaut will receive a monthly compensation of $5,000 and 1,000,000 warrants at an exercise price of $0.80 for two years [4]. Private Placement - San Lorenzo intends to complete a private placement of units for gross proceeds of up to $4 million, with each unit priced at $0.62, consisting of one common share and one-half of a warrant [6]. - The Argonaut Group will participate as a cornerstone investor, contributing $2 million to the offering [6]. - The proceeds will be used for exploration on the Salvadora property and general working capital [8]. Conversion of Credit Facilities - Tailwind Capital Neo Fund Ltd. will convert advances from two credit facilities into common shares, with $1 million converted at $0.20 per share and $235,190 at $0.35 per share [12]. - This conversion will eliminate outstanding advances under both facilities upon closing of the offering [12]. Repayment of Term Loan - A term loan of $1 million to Lithium Chile Inc. will be satisfied by issuing units for 50% of the indebtedness at the offering price and repaying the remaining 50% in cash from the offering proceeds [13]. Drilling Update - San Lorenzo is currently drilling a fourth hole on its Cerro Blanco porphyry target, with results expected in January 2026 [14]. Company Overview - San Lorenzo is focused on advancing its flagship Salvadora property in Chile's mega-porphyry belt, with prior drilling indicating significant gold and copper resources [15].
Viva Gold Announces Private Placement Offering
Thenewswire· 2025-12-11 12:00
Core Viewpoint - Viva Gold Corp. is initiating a non-brokered private placement to raise up to CDN$3,000,000 by offering 18,750,000 units at CDN$0.16 each, with each unit comprising one common share and one-half of a warrant [1] Group 1: Offering Details - The offering consists of up to 18,750,000 units priced at CDN$0.16 per unit, aiming for gross proceeds of up to CDN$3,000,000 [1] - Each unit includes one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant exercisable at CDN$0.24 for 36 months [1] - The company may pay finder's fees, subject to TSX Venture Exchange policies, and the offering is pending approval from the exchange [4] Group 2: Insider Participation - Certain insiders may participate in the offering, which would be classified as a "related party transaction" under MI 61-101 [2] - The company anticipates that insider participation will be exempt from formal valuation and minority shareholder approval as it will not exceed 25% of the company's market capitalization [2] Group 3: Use of Proceeds - Proceeds from the offering will be allocated primarily for Pre-Feasibility/Feasibility study work at the Tonopah Gold Project, including technical and environmental studies [3] - Additional funds will be used for geophysical surveys, geological work, and general working capital [3] Group 4: Company Overview - Viva Gold's Tonopah Gold Project is located in a prominent mining area in Nevada and has a high confidence level gold mineral resource [5] - The company is committed to environmentally and socially responsible development, led by experienced management [5][6] - Viva Gold trades on the TSX Venture exchange under the symbol "VAU" and has approximately 145.3 million shares outstanding [6]
Quantum BioPharma Announces Closing of Private Placement & Provides Corporate Update
Newsfile· 2025-12-11 01:00
Core Viewpoint - Quantum BioPharma Ltd. has successfully closed a non-brokered private placement, issuing 30 Class A Multiple Voting Shares at a price of $25 each, resulting in gross proceeds of $750 million [1][2]. Offering Details - The securities issued are subject to a statutory hold period of four months plus a day from issuance as per Canadian securities laws [2]. - Proceeds from the offering will be utilized for general working capital purposes [2]. Related Party Transactions - Xorax Family Trust and Fortius Research and Trading Corp., both associated with company insiders, purchased all Class A Multiple Voting Shares in the offering, qualifying as a related-party transaction under MI 61-101 [3]. - The company has relied on exemptions from formal valuation and minority shareholder approval requirements as the transaction did not exceed 25% of the company's market capitalization [3]. Corporate Update - The company has terminated its at-the-market offering agreement with H.C. Wainwright & Co., effective December 6, 2025, with the termination taking effect on December 20, 2025 [16]. - No Class B Subordinate Voting Shares have been sold under the previous sales agreement, which allowed for the sale of up to $21.225 million worth of shares [17]. Debt Settlement - Quantum BioPharma has settled $260,000 owed to an arm's length creditor by issuing 17,626 Class B Subordinate Voting Shares at a deemed price of $14.75 per share [18]. Company Overview - Quantum BioPharma focuses on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders, with its lead compound, Lucid-MS, aimed at preventing myelin degradation associated with multiple sclerosis [19]. - The company retains a 20.11% ownership stake in Unbuzzd Wellness Inc., which includes a royalty agreement of 7% on sales until reaching $250 million, after which the royalty will drop to 3% [19].
EdgeTI Announces Non-Brokered Proposed Private Placement of C$10,000,000 via Convertible Debenture Units
Newsfile· 2025-12-10 22:34
Core Viewpoint - Edge Total Intelligence Inc. is conducting a private placement of up to 7,250 debenture units, aiming for gross proceeds of up to US$7,250,000 [1][7] Offering Details - Each debenture unit consists of one unsecured convertible debenture of US$1,000 and 675 subordinate voting share purchase warrants [2] - The debentures will mature in three years, with interest rates of 6.00% in the first year, 8.00% in the second year, and 10.00% in the third year [3] - A make whole minimum payment of 24% non-compounded simple interest will be paid if a trigger event occurs, such as a merger resulting in shares being listed on a US exchange [3][4] Conversion and Warrant Features - Upon completion of a trigger event, accrued principal and interest will convert into shares at a 10% discount to the volume-weighted average price [4] - Each warrant allows the holder to acquire one subordinate voting share at C$2.00, with an acceleration clause if the share price exceeds US$4.00 [5] Financial Arrangements - The company will pay the agent cash commissions of up to 8% on sourced subscriptions and a 1% management fee on total gross proceeds [9] - Compensation warrants will be issued to the agent, representing up to 5% of the resulting issuer shares [9] Regulatory and Closing Information - The offering is expected to close by the end of 2025, subject to regulatory approvals, including conditional approval from the TSXV [7] - All issued debentures and warrants will be subject to a hold period under Canadian and US securities laws [10]