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Midnight Sun Announces Upsize to Previously Announced “Bought Deal” LIFE Offering and Private Placement of Units to C$17.5 Million
Globenewswire· 2025-10-03 12:38
Core Viewpoint - Midnight Sun Mining Corp. has increased the size of its previously announced "bought deal" LIFE offering to C$17.5 million, indicating strong investor interest and confidence in the company's exploration projects in Zambia [1][2]. Offering Details - The Upsized Offering will consist of 12,963,000 units priced at C$1.35 per unit, generating gross proceeds of C$17,500,050 [2]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 for 24 months [3]. - The Underwriters have an option to purchase an additional 15% of the offering, potentially raising an extra C$2,625,007.50 [4]. Use of Proceeds - The net proceeds from the offering will be allocated to advancing exploration projects in Zambia and for general corporate purposes [4]. Regulatory and Compliance Information - The offering will be available to purchasers in all Canadian provinces except Québec, with specific resale restrictions based on the type of exemption utilized [5]. - The closing of the Upsized Offering is anticipated on or about October 28, 2025, subject to necessary approvals from the TSX Venture Exchange and regulatory authorities [7]. Compensation to Underwriters - The company will pay the Underwriters a cash commission of 6.0% of the gross proceeds and issue transferable compensation options equivalent to 6.0% of the total units sold [8]. Company Overview - Midnight Sun is focused on its flagship Solwezi Project in Zambia, located in a major copper-producing region, aiming to discover and develop significant copper deposits [11].
Generation Uranium Announces Closing of First Tranche of Oversubscribed Private Placement
Thenewswire· 2025-10-02 21:00
Core Points - Generation Uranium Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $167,500 through the issuance of 3,350,000 units at a price of $0.05 per unit [1][4] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.10 for two years [2] - The company has paid a cash commission and issued 24,000 non-transferable broker warrants to Haywood Securities Inc. as finder's fees [3] Financial Details - The total gross proceeds from the first tranche amount to $167,500 [1] - The price per unit is set at $0.05, with each warrant priced at $0.10 for future purchases [2] - The net proceeds will be allocated for general working capital, corporate purposes, and ongoing exploration activities [4] Regulatory Information - The securities issued are subject to a statutory hold period of four months and one day, expiring on February 3, 2026 [4] - The offering is pending final approval from the TSX Venture Exchange [4] 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 [5]
WallachBeth Capital Announces Healthcare Triangle Warrant Inducement For Aggregate Gross Proceeds Of $1.63 Million
Prnewswire· 2025-10-02 15:40
Core Insights - Healthcare Triangle, Inc. has entered into warrant exercise agreements with three accredited investors to exercise existing warrants for a total of 812,775 shares of common stock, generating approximately $1.63 million in gross cash proceeds [1][2] - The existing warrants' exercise price has been reduced from $20.92 to $2.00 per share, and the new warrants will have an exercise price of $3.00 per share, with a total of 812,775 shares available for purchase [1] - The transaction is expected to close on October 2, 2025, subject to customary closing conditions [2] Financial Details - The gross proceeds from the warrant inducement are expected to be around $1.63 million, excluding potential proceeds from the exercise of the new warrants and before deducting placement agent fees and other expenses [2] - The new warrants will be exercisable upon stockholder approval and will expire five years from the date of such approval [1] Company Background - WallachBeth Capital LLC is acting as the sole placement agent for this warrant inducement transaction, providing capital markets and institutional execution services [2][4]
Mink Ventures Upsizes Previously Announced Private Placement Up To $1,000,000
Globenewswire· 2025-10-02 15:02
Core Viewpoint - Mink Ventures Corporation has increased its non-brokered private placement offering from gross proceeds of up to $500,000 to $1,000,000 due to additional investor demand [1] Offering Details - The Offering will consist of hard dollar units (HD Units) priced at $0.10 each and flow-through units (FT Units) priced at $0.13 each [1] - Each HD Unit includes one common share and one warrant, allowing the holder to acquire one common share at an exercise price of $0.20 for 36 months [2] - Each FT Unit consists of one flow-through common share and one FT warrant, with similar terms as the HD Units [3] Tax Implications - FT Shares will be issued as "flow-through shares" under the Income Tax Act (Canada), with proceeds used for eligible resource exploration expenses [4] - Qualifying expenditures will be renounced to initial purchasers of FT Units by December 31, 2025 [4] Use of Proceeds - The net proceeds from the Offering will be allocated to the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital [5] Closing Conditions - The Offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and may close in multiple tranches starting around October 15, 2025 [6] - Finder's fees may be paid to introducing parties, consisting of up to 8% cash and non-transferable warrants [6] Company Overview - Mink Ventures Corporation is a Canadian mineral exploration company focused on critical minerals in Ontario, with a portfolio that includes the Montcalm and Warren projects [7] - The Montcalm project is adjacent to Glencore's former Montcalm Mine, which historically produced 3.93 million tonnes of ore with grades of 1.25% Ni, 0.67% Cu, and 0.051% Co [7] - The company has 25,678,888 common shares outstanding [7]
Thunder Mountain Gold Announces Private Placement Financing
Newsfile· 2025-10-02 14:08
Core Viewpoint - Thunder Mountain Gold, Inc. has announced a non-brokered private placement to raise up to US$2,500,000 for exploration and working capital purposes [1][2]. Group 1: Private Placement Details - The company plans to issue up to 1,000,000 units at a price of US$0.25 (CAD$0.35) per unit, with each unit consisting of one common share and one-half common share purchase warrant [1]. - Each warrant will allow the holder to purchase an additional share at US$0.40 (CAD$0.55) for 24 months from issuance [1]. - The private placement is subject to regulatory approval and may close in one or more tranches [1][2]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated for exploration activities and general working capital [2]. Group 3: Company Overview - Thunder Mountain Gold, Inc. is a junior exploration company founded in 1935, focusing on base and precious metals projects in the western U.S. [5]. - The company's principal asset is The South Mountain Mine, which contains high-grade zinc, silver, gold, and copper [6]. - The South Mountain Mine has a history of mining from the 1940s to the 1960s and has undergone significant investment and rehabilitation since 2007, totaling approximately US$25 million [6]. Group 4: Technical Information - The South Mountain Project has historical records indicating the mining of approximately 53,642 tons of mineralized material with average grades of 14.5% Zn, 10.6 o.p.t. Ag, 0.058 o.p.t. Au, 1.4% Cu, and 2.4% Pb [6]. - The technical information in the release was reviewed by a qualified geologist, ensuring compliance with relevant regulations [8].
PTX Metals Inc. Announces Second Closing of Private Placement
Newsfile· 2025-10-02 12:48
Core Points - PTX Metals Inc. has successfully closed the second tranche of its non-brokered private placement, raising a total of $1,246,213 from the issuance of flow-through units and hard dollar units [1][2][3] - The total amount raised to date from both closings is $4,498,930, with the first closing contributing $3,252,716.70 [1] - The proceeds from the hard dollar units will be used for general corporate expenses and working capital, while the flow-through units' proceeds will fund eligible Canadian exploration expenses related to the company's projects in Ontario [5][6] Financial Details - The second closing involved the issuance of 7,023,805 flow-through units at $0.135 each, generating gross proceeds of $948,213.68, and 2,920,000 hard dollar units for $298,000 [1] - Each flow-through unit and hard dollar unit consists of one common share and half a share purchase warrant, with warrants exercisable at $0.16 for 36 months [4] - The company paid $25,779.08 in finders fees and issued 192,771 finder warrants, allowing the purchase of common shares at $0.14 for two years [3] Regulatory Compliance - The hard dollar units were issued under the Listed Issuer Financing Exemption, which allows the underlying securities to be free from a hold period under Canadian securities laws [2] - The flow-through units are subject to a hold period of four months and one day following issuance [2] - An amended and restated offering document has been filed on SEDAR+ to comply with the LIFE Exemption requirements [7] Company Overview - PTX Metals Inc. focuses on high-quality strategic metals assets in northern Ontario, including copper, gold, nickel, and PGEs [8] - The company aims to advance its flagship projects, the W2 Cu-Ni-PGE and the Shining Tree Gold Project, which are located in mineral-rich regions [9] - PTX is based in Toronto, Canada, and is also listed in Frankfurt and on the OTCQB in the United States [10]
SONORO GOLD ANNOUNCES FULLY SUBSCRIBED $3 MILLION PRIVATE PLACEMENT
Globenewswire· 2025-10-02 12:00
Core Points - Sonoro Gold Corp. announced a fully-subscribed non-brokered private placement offering of 15,000,000 units at CAD $0.20 per unit, raising gross proceeds of CAD $3,000,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at CAD $0.28 for three years [2] - Proceeds will fund the Cerro Caliche gold project development, including an updated Preliminary Economic Assessment and final payment under the Rosario option agreement to secure 100% ownership of mining concessions [3] - The offering is expected to close around October 20, 2025, and may involve finder's fees for registered securities dealers [4][6] - Certain insiders may participate in the offering, classified as a "related party transaction," with exemptions from formal valuation and minority shareholder approval requirements [5] Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche and San Marcial projects in Sonora, Mexico [7]
Kobrea to Close on $8.5 Million Private Placement
Newsfile· 2025-10-01 23:20
Group 1 - Kobrea Exploration Corp. is set to close its private placement offerings on October 3, 2025, with total gross proceeds expected to be $8,500,000 [1][2][5] - The Brokered Offering will consist of 7,753,000 Units priced at $0.50 each, generating $3,876,500, while the Non-Brokered Offering will include 9,247,000 Units at the same price, yielding $4,623,500 [2] - The company focuses on mineral exploration and development, particularly in base metal projects, holding rights to 7 projects covering 733 km² in Argentina, which are prospective for porphyry copper and copper-gold deposits [6] Group 2 - Kobrea also owns a 100% interest in the Upland Copper Project located in British Columbia, Canada [6] - The company has outlined multiple porphyry copper targets exhibiting significant geological features, including hydrothermal alteration and anomalous geochemistry [6] - An amended offering document related to the private placements is available for prospective investors to review [3]
Kingman Minerals Ltd. Announces Upsized $1.5 Million
Newsfile· 2025-10-01 22:21
Core Viewpoint - Kingman Minerals Ltd. has announced an upsized non-brokered follow-on private placement due to strong investor demand, increasing total gross proceeds from C$500,000 to C$1,500,000 [1] Group 1: Offering Details - The company will issue up to 21,428,571 units at a price of C$0.07 per unit, with each unit consisting of one common share and one common share purchase warrant [2] - Each warrant allows the holder to purchase an additional common share at an exercise price of C$0.09 for a period of 24 months from the closing date [2] Group 2: Use of Proceeds - Net proceeds from the offering will fund exploration and development activities at the Mohave Project, including diamond drilling, geophysics, geochemical sampling, and permitting [3] - The Mohave Project includes the historic high-grade Rosebud Mine, where previous underground sampling reported bonanza-grade results of up to 688 g/t gold and 468 g/t silver [3] Group 3: Additional Information - The company may pay finders' fees of 6.0% of gross proceeds and issue finders' warrants equal to 6.0% of the units sold [4] - Closing of the offering is subject to necessary regulatory approvals, including from the TSX Venture Exchange, and all securities will be subject to a statutory hold period of four months and one day [5] - Certain insiders may participate in the offering, which will be considered a related party transaction, relying on exemptions from formal valuation and minority shareholder approval requirements [6] - Kingman Minerals Ltd. is focused on precious metals exploration and development in North America, with its flagship project being the 100%-owned historic Rosebud Mine [8]
Zentek Announces Non-Brokered Private Placement of Units for up to $2,000,000
Newsfile· 2025-10-01 19:30
Core Viewpoint - Zentek Ltd. announces a non-brokered private placement to raise up to $2,000,000 through the issuance of units priced at $1.06 each, aimed at funding working capital and general corporate purposes [1]. Group 1: Private Placement Details - The offering will consist of up to 1,886,792 units, each unit comprising one common share, one-half of a Series A warrant, and one-half of a Series B warrant [2]. - Series A warrants allow the purchase of one common share at $1.50 for 24 months, with potential acceleration if the share price exceeds $2.00 for 10 consecutive trading days [3]. - Series B warrants permit the purchase of one common share at $2.00 for 36 months, with acceleration possible if the share price exceeds $3.00 for 10 consecutive trading days [4]. Group 2: Regulatory and Approval Information - The closing of the offering is contingent upon receiving necessary corporate and regulatory approvals, including from the TSX Venture Exchange [5]. - All securities issued will be subject to a four-month hold period from the date of issuance [5]. Group 3: Stock Options and Restricted Share Units - The company has granted stock options to certain officers, directors, and employees to acquire a total of 979,000 common shares at $1.06 per share, with a vesting schedule over five years [7]. - Additionally, 779,000 restricted share units have been granted, vesting on October 1, 2026 [7]. Group 4: Company Overview - Zentek is an intellectual property development and commercialization company focused on creating novel products that enhance the safety and efficiency of commercial partners' offerings [8][9]. - The company holds a global exclusive license for an Aptamer-based platform technology developed by McMaster University, targeting diagnostic and therapeutic markets [10].