Private Placement
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American Tungsten Upsizes Non-Brokered LIFE Private Placement to $20 Million
Newsfile· 2025-10-15 22:49
Core Viewpoint - American Tungsten Corp. has increased its non-brokered Listed Issuer Financing Exemption (LIFE) private placement offering to raise up to $22.6 million due to strong investor demand [1][4]. Group 1: Offering Details - The upsized offering will consist of up to 6,468,572 common shares priced at $3.50 each, issued under the LIFE exemption [2]. - Shares issued under the LIFE exemption will not be subject to a statutory hold period under Canadian securities laws [2]. - The Company may pay cash finders' fees of up to 6.0% of the gross proceeds raised from subscribers introduced by eligible finders [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to accelerate the development timeline, support the transition toward production, and fund the upcoming exploration program at the IMA Mine [4]. - The Company aims to reinforce its vision of becoming the leading U.S. supplier of tungsten [4]. Group 3: Company Overview - American Tungsten Corp. is focused on high-potential tungsten and magnetite assets in North America, particularly advancing the Ima Mine Project in Idaho [6]. - The Ima Mine Project is a historic underground tungsten property with significant infrastructure, and the Company holds an exclusive option to acquire full ownership [6].
PowerOne Capital Corp. Acquires Shares of White Gold Corp.
Globenewswire· 2025-10-15 19:08
TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- PowerOne Capital Corp. acquired a total of 500,000 common shares (the “Shares”) and 250,000 Share purchase warrants of White Gold Corp. ("White Gold") (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) for gross proceeds of $425,000 in connection with a brokered private placement which closed on October 15th, 2025 (the “Transaction”). PowerOne Capital Corp. (the “Acquiror”) is a joint actor of Pat DiCapo. Before the Transaction, Mr. DiCapo exercised control or direction of: (a) ...
Tribeca Resources Upsizes Previously Announced Non-Brokered Private Placement to C$6.5 Million and Provides Clarification Regarding Prior Announcement
Thenewswire· 2025-10-15 18:50
Core Viewpoint - Tribeca Resources Corporation has increased its non-brokered private placement offering due to strong investor demand, raising the total units from 23,809,523 to 30,952,380 for gross proceeds of up to $6,500,000 at a price of $0.21 per unit [1] Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.30 within the first 12 months and $0.40 in the subsequent 12 months [2] - The offering is subject to a minimum subscription amount of $2,000,000 and is being completed under the listed issuer financing exemption [3] Use of Proceeds - Proceeds from the offering will primarily be used for exploration activities at the La Higuera Project and may also be allocated to the Jiguata Project, contingent upon raising more than the minimum offering amount and obtaining necessary regulatory approvals [4] Closing Conditions - The closing of the offering is expected by October 29, 2025, and is subject to approval from the TSX Venture Exchange [6] Insider Participation - Certain directors and management are expected to participate in the offering, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [7] Jiguata Project Update - The company is working towards finalizing a definitive purchase option agreement for the Jiguata Project, with a deadline of October 31, 2025, but there is no guarantee of entering into the agreement [8] Company Overview - Tribeca Resources is focused on copper exploration in northern Chile, with a management team experienced in discovering and developing copper assets [9] - The company's flagship property is the La Higuera Project, which spans 4,147 hectares in the Chilean Coastal IOCG Belt [11]
Freeport Resources Announces Private Placement
Newsfile· 2025-10-15 14:00
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") announces that it will offer (the "Offering") up to 100,000,000 units (each, a "Unit") by way of non-brokered private placement at a price of $0.03 per Unit for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company, and one-half-of-one share purchase warrant (each whole warrant, a "Warrant"). Each War ...
NexGold Announces C$110 Million Bought Deal Private Placement of Units and Flow Through Shares
Globenewswire· 2025-10-14 20:56
Core Viewpoint - NexGold Mining Corp. has announced a bought deal private placement offering, raising a total of C$110,002,200 through the sale of units and flow-through shares to fund the development of its Goldboro Gold Project and for general corporate purposes [1][5]. Offering Details - The offering consists of 69,445,000 units priced at C$1.44 each, generating gross proceeds of C$100,000,800, and 6,330,000 flow-through shares priced at C$1.58 each, generating gross proceeds of C$10,001,400 [1]. - Each unit includes one common share and one common share purchase warrant, with warrants exercisable at C$1.92 for 24 months [2][3]. - Underwriters have an option to purchase an additional 15% of the offering size in units prior to the closing date [4]. Use of Proceeds - Net proceeds from the units will be allocated to the development of the Goldboro Gold Project and general corporate expenses [5]. - Proceeds from the flow-through shares will be used for Canadian exploration expenses qualifying as flow-through mining expenditures by December 31, 2026 [5]. Closing and Regulatory Approvals - The offering is expected to close around October 31, 2025, subject to regulatory approvals, including conditional approval from the TSX Venture Exchange [6]. - Securities issued will be subject to a four-month plus one day hold period under Canadian securities laws [6]. Participation and Related Party Transactions - Insiders of the company may participate in the offering, which will be classified as a related party transaction under Multilateral Instrument 61-101 [8]. - The company plans to release a material change report detailing related party transactions prior to the closing of the offering [8]. Company Overview - NexGold Mining Corp. is focused on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northwestern Ontario [10]. - The company is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities [10].
Serra Energy Announces Concurrent Financing with ROV Transaction RTO
Newsfile· 2025-10-14 20:30
Core Viewpoint - Serra Energy Metals Corp. is undergoing a significant internal reorganization and amalgamation with ROV Investment Partners Corp. and a subsidiary, which will lead to a reverse takeover and the establishment of a new entity focused on a digital healthcare platform [2][3]. Group 1: Transaction Details - The amalgamation involves acquiring all issued and outstanding securities of ROV, resulting in a reverse takeover by ROV's shareholders [2]. - The primary business of the resulting entity will be UBERDOC, Inc., which operates a digital platform for direct-pay access to medical professionals [2]. - The private placement aims to raise a minimum of $3,500,000 through the sale of at least 10,000,000 subscription receipts at a price of $0.35 each [3]. Group 2: Financial Structure - Each subscription receipt will convert into one unit of ROV upon meeting certain conditions, with each unit consisting of one common share and half a warrant of the resulting issuer [3]. - The resulting issuer warrants will be exercisable into one common share at an exercise price of $0.50 for two years following issuance [3]. - Current shareholders of the company are expected to own approximately 10.3% of the outstanding shares of the resulting issuer upon closing of the transaction [4]. Group 3: Use of Proceeds - The gross proceeds from the private placement will be held in escrow and are intended to advance business milestones and for working capital purposes following the transaction's completion [5]. Group 4: Compensation and Fees - ROV will pay a cash commission of $245,000 and issue 700,000 broker warrants to the agent involved in the private placement [6]. Group 5: Company Overview - Serra Energy Metals Corp. is publicly traded on the Canadian Securities Exchange and focuses on the acquisition, exploration, and development of green metal projects [7].
Atlas Salt Announces Order Book Interest Exceeding Targeted Gross Proceeds of $8,000,000 on LIFE Private Placement
Globenewswire· 2025-10-14 18:21
Core Viewpoint - Atlas Salt Inc. has announced a private placement offering with order book interest reaching approximately $8,041,000, surpassing the targeted gross proceeds of $8,000,000 [1] Group 1: Offering Details - The company plans to issue a minimum of 10,000,000 common shares at a price of $0.80 per share, aiming for aggregate gross proceeds of $8,000,000 [1] - The offering is co-led by Raymond James Ltd. and Ventum Financial Corp., along with a syndicate of agents including Desjardins Capital Markets [2] - The Agents have an option to sell up to an additional 1,500,000 common shares for gross proceeds of up to $1,200,000, exercisable up to 48 hours before the closing [3] Group 2: Financial Terms - The company will pay a cash commission of 6.0% on the gross proceeds of the offering and issue compensation options equal to 6.0% of the shares issued [4] - The net proceeds from the offering will be allocated for civil engineering work related to the Great Atlantic Salt Project and for general corporate purposes [7] Group 3: Regulatory and Closing Information - The offering will be available to purchasers in all Canadian provinces except Québec and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [5] - The offering is scheduled to close on or about October 21, 2025, subject to necessary approvals, including from the TSX Venture Exchange [8] Group 4: Insider Participation - Certain insiders are expected to participate in the offering, which will be classified as a related party transaction, relying on exemptions from formal valuation and minority shareholder requirements [9] Group 5: Company Overview - Atlas Salt is focused on developing Canada's next salt mine, emphasizing responsible and sustainable mining practices while aiming to contribute significantly to the North American salt market [12]
PTX Metals Inc. Announces Final Closing of Private Placement
Newsfile· 2025-10-14 12:45
Core Points - PTX Metals Inc. has successfully closed the fourth and final tranche of its non-brokered private placement, raising a total of $413,389.98 in this tranche alone [1] - The total proceeds raised from the entire private placement amounted to $6,649,604.80, which included various types of units issued [1] - The company plans to utilize the proceeds from the hard dollar units for general corporate expenses and working capital [5] Summary by Category Financial Details - In the fourth tranche, PTX issued 529,185 flow-through units at $0.135 each, generating gross proceeds of $71,439.98 [1] - Additionally, 3,419,500 hard dollar units were issued at $0.10 each, resulting in gross proceeds of $341,950 [1] - The total amount raised from the issuance of charity flow-through units, flow-through units, and hard dollar units was significant, with 15,000,000 charity flow-through units and 30,000,000 hard dollar units included in the overall total [1] Finder's Fees and Warrants - The company paid $52,534.55 in finders fees and issued 966,251 finder warrants, allowing holders to purchase common shares at $0.14 for two years [2] - The finders warrants are subject to a statutory hold period of four months and one day [2] Use of Proceeds - Proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects in Ontario [6] - The company intends to incur qualifying expenditures by December 31, 2026, with renouncement to initial purchasers by December 31, 2025 [6] Insider Participation - Jean-David Moore, a director of the company, purchased 150,000 hard dollar units, which is classified as a related party transaction [7] - The company is relying on exemptions from valuation and minority approval requirements due to the limited impact of the insider's participation on the overall market capitalization [7] Company Overview - PTX Metals Inc. is focused on mineral exploration in northern Ontario, targeting strategic metals such as Copper, Gold, Nickel, and PGEs [8] - The company aims to advance its flagship projects, including the W2 Cu-Ni-PGE project and the Shining Tree Gold Project [9]
Atlas Salt Announces LIFE Private Placement Targeting Gross Proceeds of up to $8 Million
Globenewswire· 2025-10-14 11:18
Core Viewpoint - Atlas Salt Inc. has announced a private placement offering of up to 10,000,000 common shares at a price of $0.80 per share, aiming to raise gross proceeds of up to $8,000,000 [1][4] Group 1: Offering Details - The company has granted the agents an option to sell an additional 1,500,000 common shares for up to $1,200,000 in gross proceeds [2] - A cash commission of 6% of the gross proceeds will be paid to the agents, along with compensation options equal to 6% of the shares issued under the offering [3] - The minimum amount to be raised in the offering is set at $5,000,000 [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for civil engineering work related to the Great Atlantic Salt Project and for general corporate and working capital purposes [6] Group 3: Regulatory and Closing Information - The offering is expected to close on or about October 21, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7] - The offering will be available to purchasers in all Canadian provinces except Québec, and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [4][9] Group 4: Insider Participation - Certain insiders of the company are expected to participate in the offering, which will be considered a related party transaction [8]
Canter Resources Announces Closing of Non-Brokered Private Placement
Newsfile· 2025-10-10 20:30
Core Points - Canter Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $1,050,000 through the issuance of 5,250,000 units at a price of $0.20 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant exercisable at a price of $0.26 for two years [2] - The company plans to use the net proceeds to advance its Columbus Lithium-Boron Project and Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital [3] Company Overview - Canter Resources Corp. is a junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA [5] - The company is employing a phased drilling approach at Columbus to test brine targets for lithium-boron enrichment and aims to build a portfolio of high-quality projects to support technology and clean energy supply chains in North America [5] Insider Participation - Insiders of the company purchased 225,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]