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Lion One Announces Further Upsize of LIFE Offering for Gross Proceeds of up to $25 Million
Newsfile· 2025-10-07 23:50
Core Viewpoint - Lion One Metals Limited has increased the size of its non-brokered private placement offering, known as the LIFE Offering, from gross proceeds of $20 million to $25 million due to heightened investor demand [1][2]. Offering Details - The LIFE Offering will consist of up to 78,125,000 units priced at $0.32 per unit, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [1]. - The initial announcement of the LIFE Offering was made on September 9, 2025, and it has been upsized twice since then [2]. Tranche Information - The first tranche of the LIFE Offering closed on September 24, 2025, raising gross proceeds of $18,715,153 through the issuance of 58,484,853 units [2]. - An additional 984,375 units were issued in lieu of a cash finder's fee of $315,000 [2]. - The second tranche is expected to close around October 15, 2025, with the potential issuance of up to 18,655,772 units for additional gross proceeds of approximately $5,969,847.04 [3]. Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [5]. Regulatory and Compliance - The closing of the LIFE Offering is subject to customary conditions, including necessary approvals and compliance with TSX Venture Exchange listing conditions [6]. - The securities offered will not be subject to Canadian resale restrictions under applicable securities laws [6]. Finder's Fees - The company may pay finders' fees, which can include cash commissions of up to 7% of gross proceeds and finder warrants equal to 7% of the units sold [7].
Cartier Silver Announces Closing of $1.2 Million Financing
Globenewswire· 2025-10-07 23:08
Core Points - Cartier Silver Corporation has successfully closed a non-brokered private placement, issuing a total of 9,600,000 units at a price of C$0.125 per unit, raising total proceeds of C$1,200,000 [1][2] - Each unit consists of one common share and one half of a common share purchase warrant, with each full warrant allowing the purchase of an additional common share at C$0.20 for 36 months [1] - The company will use the net proceeds from the private placement to finance exploration at the Chorrillos Project in Bolivia and for working capital [2] Financial Details - Finder's fees of 7% were paid, totaling $42,000, which were compensated by issuing 336,000 units at a deemed price of $0.125 per unit [2] - All securities issued are subject to a statutory four-month hold period [3] Company Overview - Cartier Silver is focused on exploring and developing silver property assets, including the Chorrillos Project in Bolivia, and also holds significant iron ore resources and a gold property in Canada [5]
PTX Metals Inc. Announces Third Closing of Private Placement
Newsfile· 2025-10-07 11:58
Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - PTX Metals Inc. (TSXV: PTX) ("PTX" or the "Company") is pleased to announce the closing of the third tranche of its previously disclosed non-brokered private placement of flow-through, hard dollar and charity flow-through units (see news releases dated September 8, 2025, September 16, 2025. September 28, 2025, September 30, 2025 and October 2, 2025). Under the third closing the Company issued a total of 9,666,667 charity flow-through units ("CFT Units" ...
EnviroGold Closes First Tranche of Non-Brokered Private Placement and Confirms Strong Momentum Toward Final Tranche
Globenewswire· 2025-10-07 11:00
Core Viewpoint - EnviroGold Global Limited has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of C$2,201,276 through the issuance of 24,458,626 units at a price of C$0.09 per unit, which reflects strong investor confidence in the company's technology and strategy [1][2][3]. Financing Details - The first tranche consists of units that include one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at C$0.13 for three years [2]. - The overall offering aims to raise C$5 million, with additional tranches already in progress [4][5]. - Proceeds from this tranche will be used to accelerate the company's technology platform and commercial roadmap, including debt reduction and general working capital [4][10]. Investor Participation - Certain directors subscribed for a total of 923,185 units, contributing gross proceeds of C$83,086.65, which is classified as a related party transaction [7]. - The company is relying on exemptions from minority shareholder approval and formal valuation requirements for this related party transaction [7]. Regulatory and Compliance - All securities issued in connection with the first tranche are subject to a statutory hold period of four months and one day, expiring on February 2, 2026 [6]. - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [8]. Company Overview - EnviroGold Global is focused on enabling the mining industry to monetize valuable metals from mine waste and tailings while reducing environmental liabilities [11]. - The company operates on a technology license fee model with low capital expenditure requirements, aiming to establish itself as a leading global technology company [11].
Goat Industries Announces Closing Of First Tranche Of Private Placement
Thenewswire· 2025-10-07 00:40
Core Points - GOAT Industries Ltd. has completed the first tranche of a non-brokered private placement, raising gross proceeds of C$2,019,199.80 through the sale of 6,730,666 units at C$0.30 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.45 for two years [2] - The net proceeds will be used for the acquisition of 1509467 B.C. Ltd. and Vroom, Inc. (collectively "BETSource"), to expand BETSource's business, for future investments, and for general corporate purposes [3] Financial Details - The company paid finder's fees totaling C$99,414.00 and issued 331,380 broker warrants, each allowing the acquisition of half a common share at C$0.45 for two years [4] - An insider acquired 66,666 units in settlement of management fees totaling C$10,020, which is classified as a related party transaction [4] Regulatory Information - All securities issued under the offering are subject to a statutory hold period of four months and one day from the date of issuance [5] - The company is exempt from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the securities issued did not exceed 25% of the company's market capitalization [4] Company Overview - GOAT Industries Ltd. is focused on investing in high-potential companies across various industries, aiming to generate maximum returns from its investments [6]
Eastfield Resources Ltd. Announces Closing of Private Placement
Thenewswire· 2025-10-06 22:50
 Vancouver, BC, October 6, 2025 – TheNewswire - Eastfield Resources Ltd. (TSX-V: ETF) (“Eastfield” or the “Company “) announces that it has closed its previously announced non-brokered private placement for total proceeds of $1,000,000 (see news release dated August 25, 2025).  The private placement consisted of the sale of 50,000,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additi ...
Vortex Metals Closes Upsized Non-Brokered Private Placement
Newsfile· 2025-10-06 22:14
Core Viewpoint - Vortex Metals Inc. has successfully closed a non-brokered private placement, raising a total of $700,000 through the issuance of 17,500,000 units at a price of $0.04 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one additional share at a price of $0.08 for 36 months [2]. - The company can accelerate the expiry date of the warrants if the trading price of the shares exceeds $0.15 for 10 consecutive trading days [2]. - No finders' fees were paid in connection with the offering [2]. Group 2: Use of Proceeds - Approximately 40% of the gross proceeds will be allocated to mining concession fees, another 40% to exploration fees, and the remaining 20% for general working capital [3]. Group 3: Related Party Transactions - Certain directors purchased a total of 2,200,000 units as part of the offering, which is classified as a related party transaction [4]. - The participation of these directors is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [4]. Group 4: Securities and Regulatory Information - All securities issued are subject to a hold period expiring on February 7, 2026, and are not registered under the United States Securities Act of 1933 [5][6]. - The offering is still subject to final acceptance from the TSX Venture Exchange [5]. Group 5: Company Overview - Vortex Metals Inc. focuses on copper-gold exploration and development, holding interests in projects in Chile and Mexico [7]. - The company has an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns 100% interest in two drill-ready properties in Mexico [7].
Allied Critical Metals Announces $10 Million Strategic Non-Brokered Private Placement
Newsfile· 2025-10-06 21:29
Core Points - Allied Critical Metals Inc. is conducting a non-brokered private placement offering to raise up to $10,000,000 by issuing up to 16,666,666 common shares at a price of $0.60 per share [1][5] - The offering is available to purchasers in Canada (excluding Quebec) and certain jurisdictions outside Canada, and the securities will not be subject to a hold period under Canadian securities laws [2] - The net proceeds from the offering will be used for exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [3] - The offering is subject to approval from the Canadian Securities Exchange [4] - The company may pay finder's fees of up to 7% of the gross proceeds and issue finders warrants equal to up to 7% of the shares issued [5] Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha Tungsten Project and Vila Verde Tungsten Project in northern Portugal [7] - Tungsten is classified as a critical metal by the United States and other western countries, with China, Russia, and North Korea accounting for approximately 86% of global supply and reserves [7] - The tungsten market is estimated to be valued between USD $5 billion and $6 billion, utilized across various industries including defense, automotive, manufacturing, electronics, and energy [7]
AbraSilver Announces $43.4 Million “Bought Deal” Life Private Placement to Advance Diablillos Project
Globenewswire· 2025-10-06 20:58
Core Points - AbraSilver Resource Corp. has entered into an agreement with National Bank Financial Inc. and Beacon Securities Limited for a bought deal offering of 6,113,000 common shares at C$7.10 per share, aiming for gross proceeds of C$43,402,300 [1][2] - The company may also conduct a concurrent private placement offering, allowing Kinross Gold Corporation and Proener SAU to purchase additional shares under a participation right [2][3] - The funds raised will be used to accelerate the development of the Diablillos silver-gold project in Argentina, including early development expenditures and securing critical items [3][4] Offering Details - The closing date for the offering is expected around October 22, 2025, subject to necessary approvals [4] - The offering will be made under the listed issuer financing exemption, allowing shares to be sold in Canada and potentially in the U.S. under certain exemptions [5][7] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project, which has a current resource estimate of 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, containing approximately 186 million ounces of silver and 1.6 million ounces of gold [9] - The company is led by an experienced management team and has supportive shareholders, with additional projects including a joint venture with Teck on the La Coipita project [9]
CORRECTION FROM SOURCE: Appia Announces Engagement of Marketing Firm Aktiencheck.de AG and Updates for Non-Brokered Private Placement and PCH Transaction
Newsfile· 2025-10-06 15:16
Appia Rare Earths & Uranium Corp is issuing a correction to the previously disseminated press release dated October 6th, 2025. The press release incorrectly stated that the Campaign is anticipated to commence on October 6, 2025, instead of October 20, 2025 in the second paragraph. This release is also correcting the date of when its non-brokered private placement of working capital units ("WC Units") will remain open in the fourth paragraph. It originally stated that it will remain open on or before Octobe ...