Private Placement
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Carolina Rush Shareholders Approve OceanaGold Transaction; Upsizes Private Placement
Newsfile· 2025-11-27 11:30
Core Points - Carolina Rush Corporation has received overwhelming shareholder approval for its transaction with OceanaGold Corporation, with 99.8% of voted shares in favor, surpassing the required 66.7% [3] - The agreement allows OceanaGold to earn up to an 80% interest in the Brewer Gold-Copper Project by investing up to US$20 million over the next five years [3] - A joint Technical Committee has approved a Stage 1 exploration program to drill approximately 3,000 meters, starting January 5, 2026, with a minimum commitment of US$1.5 million from OceanaGold [3] Private Placement - In response to strong investor demand, Carolina Rush plans to increase its non-brokered private placement offering from up to C$3.0 million to C$3.5 million [4] - The offering will consist of up to 31,818,182 units at a price of C$0.11 per unit, aiming for aggregate gross proceeds of up to C$3.5 million [5] - Each unit includes one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.16 for two years [5] Closing and Use of Proceeds - The closing of the offering is expected around December 4, 2025, pending approval from the TSX Venture Exchange [6] - Net proceeds from the offering will be allocated for working capital and general corporate purposes [6] Company Overview - Carolina Rush Corporation is focused on the Brewer Gold-Copper Project in South Carolina, which is considered a large, underexplored system with potential for both near-surface and deeper mineralization [7] - The Brewer project is located 13 km from OceanaGold's Haile Gold Mine, which has a production guidance of 170,000-200,000 ounces of gold for 2025 [7]
Grizzly Announces Private Placement
Newsfile· 2025-11-25 14:15
Core Points - Grizzly Discoveries Inc. is conducting a private placement offering of Units and FT Units for gross proceeds of up to $1 million if fully subscribed [1][2] - The offering includes up to 8,333,333 Units and up to 25,000,000 FT Units, each priced at $0.03 [2] - Each Unit consists of one common share and one warrant, while each FT Unit consists of one common share and half a warrant [2] - The proceeds from the offering will primarily be used for mineral property exploration, totaling $750,000, along with other operational costs [3] Offering Details - The offering is available to qualified subscribers in Alberta, British Columbia, Ontario, and other jurisdictions as determined by the company [2] - The company may pay finders fees in cash, Units, and Warrants to registered broker dealers [4] - The offering is subject to acceptance by the TSX Venture Exchange [5] Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company with a primary focus on developing approximately 72,700 hectares of precious and base metals properties in southeastern British Columbia [6] - The company is managed by a team with extensive experience in advancing exploration projects from early stages to feasibility [6]
Pinnacle Arranges Non-Brokered Private Placement
Thenewswire· 2025-11-25 13:30
Core Viewpoint - Pinnacle Silver and Gold Corp. is initiating a non-brokered private placement to raise up to $2,520,000 through the issuance of units priced at $0.14 each, aimed at advancing its El Potrero gold-silver project in Mexico and for general working capital [1][2]. Group 1: Offering Details - The private placement will consist of up to 18,000,000 units, each comprising one common share and one-half share purchase warrant, with the whole warrant convertible into an additional share at $0.20 for 24 months [1]. - Finders' fees will include a 6% cash commission and 6% in non-transferable finders' warrants, allowing the holder to acquire shares at $0.20 over a 24-month period [1]. - The offering is expected to close around December 19, 2025 [1]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to advancing the El Potrero project for evaluations and for general working capital [2]. Group 3: Insider Participation - Insiders of the company will participate in the offering, which is classified as a related-party transaction under Multilateral Instrument 61-101, exempting the company from formal evaluation or minority shareholder approval [3]. Group 4: Securities and Regulations - All securities issued will be subject to a four-month hold period and require TSX Venture Exchange approval, and they have not been registered under the U.S. Securities Act of 1933 [4]. Group 5: Project Overview - The El Potrero project is located in the Sierra Madre Occidental of Mexico, near several operating mines, and features high-grade gold-silver mineralization in a low sulphidation epithermal vein system [5][6]. - The property has significant exploration potential as it has not been systematically explored in nearly 40 years [6]. - A previously operational 100 tpd plant can be refurbished for near-term production once permits are secured [7]. Group 6: Company Strategy - Pinnacle will earn an initial 50% interest upon commencing production, with plans to generate cash flow to further develop the project and increase ownership to 100% subject to a 2% NSR [8]. - The company is focused on developing precious metals projects in the Americas, including the high-grade Potrero project and the Argosy Gold Mine in Ontario [9].
Barnwell Industries, Inc. Announces $2.4 Million Private Placement Led by Bradley Radoff
Accessnewswire· 2025-11-25 11:00
Core Insights - Barnwell Industries, Inc. has announced a private placement (PIPE) for approximately 2.2 million shares of common stock at a price of $1.10 per share, aiming for gross proceeds of about $2.4 million [1] Group 1 - The PIPE transaction includes participation from lead investor Bradley Radoff and other accredited investors, including certain members of the Company's Board of Directors [1]
Powermax Announces Amendment to Warrant Term for Non Flow-Through Private Placement
Newsfile· 2025-11-25 01:30
Core Points - Powermax Minerals Inc. has amended the exercise period of its warrants from 24 months to 36 months at an exercise price of $0.95 per share [1] - The private placement units are being offered at a price of $0.76 per unit, with all other terms remaining unchanged from the previous announcement [1] Company Overview - Powermax Minerals Inc. is a Canadian mineral exploration company focused on rare earth element projects [3] - The company holds an option to acquire the Cameron REE Property, which consists of three mineral claims totaling approximately 2,984 hectares in British Columbia [3] - Additionally, Powermax has an option to acquire the Atikokan REE Property, comprising 455 unpatented mining claims in Northwestern Ontario, and owns a 100% interest in the Ogden Bear Lodge Project located in Crook County, Wyoming [3]
Decade Resources Closes Private Placement for Total Gross Proceeds of $1,170,000
Newsfile· 2025-11-24 21:31
Core Points - Decade Resources Ltd. has successfully closed a private placement, raising total gross proceeds of $1,170,000 [1] - The private placement consisted of two types of units: flow-through units and non-flow-through units [2][3] Flow-Through Units - A total of 24,250,000 flow-through units were issued at a price of 4 cents per unit, generating gross proceeds of $970,000 [2] - Each flow-through unit includes one common share and one warrant, with the warrant exercisable at $0.06 per share for a period of 24 months [2] - Proceeds from flow-through units will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's B.C. properties [4] Non-Flow-Through Units - A total of 5,000,000 non-flow-through units were issued at a price of 4 cents per unit, generating gross proceeds of $200,000 [3] - Each non-flow-through unit consists of one common share and one warrant, with the warrant exercisable at $0.06 per share for a period of 36 months [3] - Proceeds from non-flow-through units will be used for general working capital [4] Additional Information - The company paid cash finder's fees totaling $86,800 and issued 2,170,000 warrants to finders, which are exercisable for a 24-month period [5] - All securities issued are subject to a statutory hold period of four months, expiring on March 22, 2026 [5]
First Phosphate raises C$3.6 million in latest private-placement tranche
Proactiveinvestors NA· 2025-11-24 13:30
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Expertise and Focus Areas - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Nexcel Gives an Update to Private Placement
Newsfile· 2025-11-22 00:00
Core Viewpoint - Nexcel Metals Corp. is conducting a non-brokered private placement to raise up to $3,500,000 through the issuance of flow-through (FT) and non-flow-through (NFT) units, aimed at funding exploration activities and general expenses [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 1,190,476 FT Units priced at $0.42 each for gross proceeds of up to $500,000, and up to 8,571,428 NFT Units priced at $0.35 each for gross proceeds of up to $3,000,000 [9]. - Each FT Unit includes one flow-through common share and one warrant, allowing the purchase of a non-flow-through common share at $0.50 for 24 months [3]. - Each NFT Unit consists of one non-flow-through common share and one warrant, allowing the purchase of a non-flow-through common share at $0.45 for 24 months [4]. Group 2: Use of Proceeds - Gross proceeds from the FT Units will be allocated to Canadian exploration expenses on the Lac Ducharme Property in Quebec and the Burnt Hill Property in New Brunswick, qualifying as flow-through mining expenditures [5]. - Net proceeds from the NFT Units will be used for additional exploration work, general administrative expenses, and working capital [7]. Group 3: Regulatory and Approval Aspects - The private placement is not subject to a minimum aggregate offering amount, and there are no undisclosed material facts related to the company [2]. - The issuance of securities may exceed 100% of the current number of outstanding common shares, requiring shareholder approval, which has been obtained from shareholders holding over 50% of the outstanding shares as of November 7, 2025 [6]. Group 4: Closing and Hold Period - The closing of the private placement is anticipated around December 5, 2025, subject to customary conditions, with all securities issued being subject to a four-month and one-day statutory hold period from the closing date [8].
Notice of Private Placement Grant of Stock Options and Share Appreciation Rights Units
Thenewswire· 2025-11-21 21:50
Core Points - Peloton Minerals Corporation is planning a private placement of units priced at CDN$0.09 per unit, aiming to raise up to $200,000 [2] - Each unit will consist of one common share and one common share purchase warrant, exercisable for three years at $0.12 [2] - The proceeds from the private placement will be allocated for lithium exploration in northern Nevada and for working capital [3] Private Placement Details - The private placement will utilize certain prospectus exemptions, including the Existing Shareholder Exemption, allowing capital raising through securities distribution to existing shareholders [3] - The record date for determining existing shareholders entitled to purchase shares is set for November 21, 2025 [3] - Securities issued in connection with the private placement will be subject to a hold period of four months and one day from issuance [3] Stock Options and Share Appreciation Rights - The company has granted a total of 883,332 stock options to consultants, exercisable at $0.11 for three years, with 150,000 options replacing recently expired ones [4] - A total of 11,240,531 Share Appreciation Rights Units (SAR) have been granted to directors and officers, exercisable at $0.11 per share for five years [5] - SARs allow holders to receive the difference in price between the market price at exercise and the base price, either in cash or shares [5] Company Overview - Peloton Minerals Corporation holds a 100% interest in the North Elko Lithium Project in northeastern Nevada, which is prospective for lithium and other minerals [7] - The company also has interests in gold projects and a non-controlling interest in a copper porphyry project near Butte, Montana [8] - The company is a reporting issuer in good standing in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [6]
Rockland Resources Closes Private Placement
Thenewswire· 2025-11-20 23:20
Vancouver, British Columbia, November 20, 2025 – TheNewswire - Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL), is pleased to announce that further to its press releases dated November 12, 2025 and November 13, 2025, the Company has closed the non-brokered private placement. The Company issued three million units (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $180,000. Each Unit is comprised of one common share ("Share") and one transferable common share purchas ...