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Rivalry Announces Closing of Private Placement and Debt Restructuring
Globenewswire· 2025-10-24 20:30
Core Points - Rivalry Corp. has successfully closed the third tranche of its non-brokered private placement, issuing 29,937,930 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,496,896.50 [1] - The company has also completed a debt restructuring agreement with its senior lender, which involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 units [2][3] - The restructuring has resulted in the senior lender becoming a "control person" of the company, with shareholder approval obtained for this change [4] - The CEO of Rivalry stated that the completion of these transactions marks a significant milestone for the company, enhancing its balance sheet and positioning it for future growth [5] Private Placement - The third tranche of the private placement involved the issuance of 29,937,930 units at C$0.05 per unit, generating gross proceeds of C$1,496,896.50 [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 net proceeds from this placement will be used for corporate development and general working capital [1] Debt Restructuring - The debt restructuring involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 debt settlement units at the same offering price [3] - The remaining indebtedness under the secured debenture is C$8,480,000, which has been amended to allow conversion into shares at a price of C$0.10, with a maturity date extended to November 14, 2028 [3] - No interest will be payable on the secured debenture until December 31, 2026 [3] Control Person Status - Following the debt restructuring, the senior lender has become a control person of Rivalry, necessitating shareholder approval which was obtained from over 50% of voting rights [4] Company Overview - Rivalry Corp. operates as a leading sportsbook and iGaming operator, focusing on digital-first players and offering regulated online wagering on esports and traditional sports [7][8] - The company has a global presence, operating in over 20 countries and holding licenses in premier jurisdictions such as the Isle of Man and Ontario [7]
Q Precious & Battery Metals Corp. Announces Closing of First Tranche of Private Placement for $886,000
Newsfile· 2025-10-24 11:00
Core Points - Q Precious & Battery Metals Corp. has closed the first tranche of its private placement offering, raising a total of $486,000 from the issuance of flow-through units and $399,999.96 from flow-through shares [1][2][3] Group 1: Offering Details - The company issued 5,400,000 flow-through units at a price of $0.09 per unit, resulting in gross proceeds of $486,000. Each unit includes one flow-through common share and one half of a share purchase warrant [2] - Additionally, 4,444,444 flow-through shares were issued at the same price of $0.09, generating gross proceeds of $399,999.96 [3] - Finder's fees will be paid to eligible finders, which may include up to 10% in cash, finder's warrants equal to 5% of the units or shares sold, and compensation shares equal to 4% of the units or shares sold [3] Group 2: Use of Proceeds - The proceeds from the offerings will be allocated to fund mineral exploration activities [4] Group 3: Regulatory and Compliance - The offering is subject to approval from the Canadian Securities Exchange, and the securities issued will be under a statutory hold period of four months and one day from the issuance date [4]
Zonetail Announces Closing Private Placement of Shares
Thenewswire· 2025-10-23 20:20
Core Viewpoint - Zonetail Inc. has successfully closed the first tranche of a non-brokered private placement, raising $236,500 out of a targeted $1,000,000 at a price of $0.02 per share, with an extension of the offering until November 22, 2025 [1][2]. Group 1: Financial Details - The offering aims to raise up to $1,000,000, with $236,500 already closed [1]. - The proceeds will be allocated as follows: 22% for Non-Arm's length salaries, 36% for technology additions, 7% for arm's length salaries, 15% for sales and marketing, and 17% for administration [3]. Group 2: Regulatory and Compliance Information - A portion of the offering may be allocated to accredited investors or other exemptions under National Instrument 45-106 [4]. - The securities offered are not registered under the United States Securities Act of 1933 and cannot be sold in the U.S. without registration or an applicable exemption [6]. Group 3: Company Overview - Zonetail Inc. operates a mobile platform designed to connect high-rise residents with products, amenities, and services, aiming to optimize home management [8].
Bullion Gold Engages Independent Trading Group as Market Maker, Announces Private Placement.
Newsfile· 2025-10-21 21:41
Core Points - Bullion Gold Resources has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares [1][2] - The company is undertaking a non-brokered private placement at a price of CAD$0.07 per unit, aiming for minimum gross proceeds of CAD$200,000 [3][4] - The net proceeds from the private placement will be used for working capital and investor relations activities [4] Company Overview - Bullion Gold Resources is a junior exploration company focused on mining in Quebec, particularly in the Abitibi and James Bay regions [5] - The company holds a 100% interest in several projects, including Bousquet, Cadillac-Extension, and Bodo, with the Bousquet project optioned to Olympio Metals [5] - The Cadillac-Extension project is a VMS project ready for drilling, while the Bodo project is in early-stage exploration with indications of critical minerals [5] Market-Making Agreement - ITG will receive CAD$5,000 per month for its services, with the agreement initially set for one month and renewable monthly [2] - The agreement can be terminated by either party with 30 days' notice, and ITG will not receive shares or options as compensation [2] Private Placement Details - Each unit in the private placement consists of one common share and one warrant, allowing the purchase of an additional share at CAD$0.12 for 12 months [3] - All securities issued will be subject to a four-month hold period from the issuance date [4]
Onco-Innovations Announces Private Placement
Accessnewswire· 2025-10-15 00:00
Core Viewpoint - Onco-Innovations Limited plans to conduct a non-brokered private placement to raise up to $2,000,000 through the issuance of units priced at $1.40 each [1] Group 1: Private Placement Details - The private placement will consist of up to 1,428,572 units, with each unit comprising one common share and one-half of a common share purchase warrant [1] - Each whole warrant will allow the holder to purchase one common share at an exercise price of $2.00 for a period of thirty-six months [1]
PyroGenesis Comments on Recent Online Post
Globenewswire· 2025-10-12 17:17
Core Viewpoint - PyroGenesis Inc. has addressed an incorrect online post made by a board member regarding the company's ongoing private placement, clarifying that the information about oversubscription is inaccurate and should be disregarded [2][4][5]. Group 1: Private Placement Details - The company announced a non-brokered private placement on October 1, 2025, with a potential funding of approximately $5 million [4]. - A board member's post incorrectly stated that the private placement had been oversubscribed, bringing in between $7.5 million to $8.0 million [3]. - The company confirmed that the private placement is not officially oversubscribed at this time, and the first tranche is expected to be completed in the upcoming week [5]. Group 2: Corporate Governance and Disclosure - PyroGenesis emphasizes its commitment to timely disclosure and corporate governance, stating that corrective actions have been taken following the incident [5]. - The board of directors has reviewed the situation in full to ensure proper governance practices are upheld [5]. Group 3: Company Overview - PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions across various industries, including energy, defense, and heavy industry [6]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [6]. - PyroGenesis' shares are traded on multiple stock exchanges, including TSX, OTCQX, and Frankfurt [6].
Arizona Copper and Gold Inc. and Core Nickel Corp. Announce Launch of Brokered Financing of up to $10 Million
Newsfile· 2025-10-02 15:28
Core Viewpoint - Arizona Copper and Gold Inc. (ACG) is launching a brokered private placement of subscription receipts for gross proceeds of up to $10 million in connection with a proposed reverse takeover of Core Nickel Corp. [1][2] Offering Details - The Offering will be a best-efforts private placement at a price of $1.50 per Subscription Receipt, with an option for agents to offer an additional $1.5 million, potentially raising total gross proceeds to $11.5 million [2]. - Each Subscription Receipt will convert into one ACG Unit, consisting of one common share and one-half of one purchase warrant, upon satisfaction of certain conditions [3]. - The exercise price for each ACG Warrant is set at $2.00 per share, valid for two years from the Offering's closing date [3]. Financial Arrangements - ACG will pay agents a cash fee of 6.0% of the gross proceeds from the sale of Subscription Receipts, with half paid at closing and the remainder held in escrow [4]. - Agents will also receive broker warrants equal to 6.0% of the number of Subscription Receipts sold [6]. Closing Timeline - The Offering is expected to close around November 13, 2025, with proceeds held in escrow pending the satisfaction of release conditions [7]. Use of Proceeds - The net proceeds from the Offering are intended to fund exploration activities and for working capital and general corporate purposes by the Resulting Issuer [8]. Regulatory Compliance - The Subscription Receipts will be offered to investors in Canada, the United States under exemptions, and in other jurisdictions in compliance with applicable laws [9].
Rivalry Announces Private Placement and Restructuring of Outstanding Indebtedness, Concluding Its Strategic Review Process
Globenewswire· 2025-09-29 11:00
Core Viewpoint - Rivalry Corp. is completing a non-brokered private placement to raise up to C$5,520,000 and has entered into a debt settlement agreement to restructure its outstanding indebtedness, marking the conclusion of its strategic review process [1][9][10] Private Placement - The private placement involves issuing up to 110,400,000 units at a subscription price of C$0.05 per unit, with each unit consisting of one subordinate voting share and one warrant [2] - A strategic family office has committed to purchase 82,758,620 units for gross proceeds of C$4,137,931 as part of the initial subscription [2] - The first tranche of the private placement is expected to close around October 8, 2025, subject to necessary approvals [3] Use of Proceeds - Proceeds from the private placement will be utilized for corporate development and general working capital purposes [4] Debt Restructuring - The company has entered into a debt settlement agreement to restructure C$12,526,384.88 of its indebtedness through the issuance of 250,527,697 units at the offering price [6] - After the debt settlement, C$8,480,000 of principal amount will remain outstanding under the secured debenture, which will be convertible into shares at a price of $0.10 per share [6] - The maturity date of the secured debenture will be extended to November 14, 2028, with no interest payable until December 31, 2026 [6] Control Person Status - Following the debt restructuring, the senior lender will become a "control person" of the company, requiring shareholder approval, which has been obtained from holders of over 50% of voting rights [7] Conclusion of Strategic Review - The strategic review process initiated in April 2025 has concluded, positioning Rivalry for growth and sustained value creation [9][10]
Pacific Ridge Closes Final Tranche of Brokered Financing; Raised Aggregate Gross Proceeds of C$4.65 Million
Newsfile· 2025-09-26 16:26
Core Viewpoint - Pacific Ridge Exploration Ltd. has successfully closed the second and final tranche of its private placement, raising a total of C$4,651,346.62 for its exploration projects and general corporate purposes [1][3]. Group 1: Offering Details - The final tranche raised gross proceeds of C$1,958,426.62 from the sale of 7,806,734 units at C$0.20 per unit and 1,726,434 flow-through units at C$0.23 per unit [1]. - Each unit consists of one common share and one common share purchase warrant, while each flow-through unit includes one flow-through share and one warrant [2]. - The warrants allow holders to purchase common shares at C$0.28 from November 26, 2025, to September 26, 2028 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration of the Kliyul and RDP copper-gold projects in British Columbia, along with general working capital [3]. - Gross proceeds from the sale of flow-through shares will be used for Canadian exploration expenses and flow-through mining expenditures, with renouncement to purchasers effective by December 31, 2025 [4]. Group 3: Regulatory and Compliance - The offering was conducted under National Instrument 45-106, with units issued to Canadian purchasers under the listed issuer financing exemption [5]. - Flow-through units were issued under the "accredited investor" and "minimum amount investment" exemptions [6]. - The securities issued are subject to a statutory hold period ending on January 27, 2026 [8]. Group 4: Broker Compensation - Red Cloud Securities Inc. received cash fees of C$114,424.79 and 556,586 non-transferable common share purchase warrants as compensation for their services in the final tranche [7].
Wealth Minerals Enters into Letter Agreement to Acquire the Andacollo Oro Gold Project
Newsfile· 2025-09-25 11:30
Core Viewpoint - Wealth Minerals Ltd. has entered into a binding letter agreement to acquire a 100% royalty-free interest in the Andacollo Oro Gold Project located in Chile, which is seen as a strategic opportunity for the company amidst growing investor interest in gold due to global economic concerns [1][3]. Acquisition Details - The acquisition will be executed through a share purchase and sale transaction, with a purchase price of 12.5 million common shares of Wealth, subject to adjustments for dilution prior to closing [10]. - Wealth has made a cash payment of US$350,000 to the target company for a 30-day exclusivity period to conduct due diligence [10]. - The total deferred purchase payments to be assumed by Wealth amount to US$30 million, with specific payment milestones over 48 months [11]. Project Overview - The Andacollo Oro Gold Project has historically produced 1.12 million ounces of gold from 1995 to 2018, with a peak annual production of 135,000 ounces in 1999 [4][5]. - The project has a historical estimate of 2.02 million ounces of gold in the Measured and Indicated categories and 5.06 million ounces in the Inferred category [4][7]. - The project is located in Region IV, Coquimbo, Chile, and is adjacent to Teck Resource's Carmen de Andacollo mine [4][9]. Private Placement - Wealth is initiating a non-brokered private placement of at least 41,666,666 units at a price of $0.12 per unit, aiming for minimum gross proceeds of $5 million [14]. - Each unit consists of one common share and one-half of a common share purchase warrant, with an exercise price of $0.18 per warrant share for a period of 24 months [14]. - Proceeds from the offering will be allocated to finance the acquisition and development costs of the AOG Project, as well as general working capital [15]. Share Consolidation - Wealth plans to undergo a consolidation of its common shares on a basis of one post-consolidation share for up to seven pre-consolidation shares, aiming to attract capital for project advancement [18][19]. - Following the consolidation, approximately 51,766,170 common shares are expected to be outstanding [18]. Management and Strategic Direction - Chad Williams has been appointed as a strategic advisor to the company, bringing extensive experience in mining and investment banking [20]. - The company aims to diversify its asset base to include precious metal projects while continuing to advance its lithium project portfolio [21][22].