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Adelayde Announces Closing of Private Placement to Fund Gold Drill Program in Nevada
Newsfile· 2025-10-01 17:56
Core Viewpoint - Adelayde Exploration Inc. has successfully completed a private placement financing, raising $955,000 to fund its gold drill program in Nevada, with the program set to begin in 2025 [1][4]. Financing Details - The company issued a total of 19,100,000 units at a price of $0.05 per unit, resulting in gross proceeds of $955,000 [1]. - Each unit consists of one common share and one-half of a share purchase warrant, with warrants priced at $0.075 per share for five years [1]. - Cash finder's fees of $26,480 were paid, along with the issuance of 529,600 non-transferrable share purchase warrants [2]. Use of Proceeds - Net proceeds from the financing are intended for general working capital and work programs in Nevada [3]. Company Background - Adelayde Exploration Inc. holds multiple projects, including three lithium projects in Clayton Valley, Nevada, and a gold project in Esmeralda County, Nevada [6]. - The company’s lithium projects include the McGee lithium clay deposit with a resource estimate of 2,092,000 tonnes of lithium carbonate equivalent [6].
Omai Gold Mines Corp. Announces Upsize of Previously Announced Bought Deal Private Placement to $40 Million
Newsfile· 2025-10-01 17:23
Core Viewpoint - Omai Gold Mines Corp. has announced an increase in its previously announced bought deal private placement offering to $40 million due to strong investor demand [1] Group 1: Offering Details - The amended offering will issue 34,783,000 common shares at an issue price of $1.15 per share, resulting in gross proceeds of $40,000,450 [1] - The company will pay the underwriters a fee of 5.5% of the gross proceeds from the sale of the shares, with a reduced fee of 3% for shares sold to a designated "President's List" of subscribers [3] - The offering is expected to close on or about October 21, 2025, subject to necessary approvals and conditions [4] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development, as well as general working capital purposes [2] Group 3: Company Background - Omai Gold Mines Corp. is focused on expanding its two orogenic gold deposits at the 100%-owned Omai Gold Project in Guyana, which is recognized as one of the fastest-growing gold camps in the Guiana Shield [6] - The company has recently updated its mineral resource estimate and is preparing for an updated Preliminary Economic Assessment (PEA) expected in early 2026 [6][8] - The Omai Gold Mine has a historical production record of over 3.7 million ounces of gold from 1993 to 2005, benefiting from existing infrastructure and upcoming road connections to major cities in Guyana [9]
Formation Metals Announces $6,000,000 Private Placement is Fully Allocated
Accessnewswire· 2025-10-01 14:05
Core Insights - The company has initiated a multi-phase drill program at its N2 Gold Project in Quebec, targeting a total of 20,000 meters [1] - The project hosts a global historic resource of approximately 870,000 ounces of gold, with 18 million tonnes grading 1.4 g/t Au, equating to about 809,000 ounces of gold across four zones [1] - Additionally, there is a resource of 243,000 tonnes grading 7.82 g/t Au, amounting to around 61,000 ounces of gold in the RJ zone [1] - Phase 1 of the drilling program, which is fully funded, commenced on September 25, 2025, and consists of 10,000 meters [1]
Laser Photonics Closes $4 Million Private Placement
Accessnewswire· 2025-10-01 11:00
Core Insights - Laser Photonics Corporation has successfully completed a private placement of 1,098,902 shares of common stock at a price of $3.64 per share, along with Series A and Series B warrants priced at $3.40 per share [1] Group 1 - The capital raised will strengthen the company's balance sheet and provide resources for growth [1] - The funds will be utilized to accelerate integration and growth from recent acquisitions, specifically CMS and Beamer [1]
Apollo Silver Announces $20.88 Million Private Placement Offering
Globenewswire· 2025-10-01 11:00
Core Points - Apollo Silver Corp. announced a non-brokered private placement offering of up to 5,800,000 units at a price of $3.60 per unit, aiming for aggregate gross proceeds of up to $20,880,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one share at an exercise price of $5.50 for 24 months [2] - The offering is subject to regulatory approval from the TSX Venture Exchange [3] Financial Details - The total gross proceeds from the offering could reach $20,880,000 [1] - The exercise price for the warrants is set at $5.50, with an acceleration provision if the shares trade at $7.50 or greater for ten consecutive trading days [2] Use of Proceeds - The net proceeds from the offering will be used to advance the Calico Silver Project in California, support community relations initiatives at the Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes [2] Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has a significant silver deposit and barite credits [5] - The company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [5] - Apollo Silver is led by an experienced management team, positioning the company to deliver value through exploration and development [5]
PyroGenesis Announces Non-Brokered Private Placement
Globenewswire· 2025-10-01 11:00
Core Viewpoint - PyroGenesis Inc. is set to complete a non-brokered private placement, with the CEO intending to invest approximately $4,000,000 in the first unit group of the offering [1][3]. Group 1: Private Placement Details - The private placement consists of two unit groups, with closings expected to occur in up to three tranches each [2]. - The first unit group involves the issuance of 6,666,665 units at a price of $0.63 per unit, aiming for gross proceeds of approximately $4,199,999 [7]. - Each unit in the first group includes one common share and one common share purchase warrant, with warrants allowing the purchase of one common share at $0.28 for 48 months [7]. - The second unit group will issue 4,000,000 units at a price of $0.20 per unit, targeting gross proceeds of around $800,000 [7]. - Each warrant in the second group permits the purchase of one common share at $0.40 for 24 months [7]. Group 2: Use of Proceeds - The proceeds from the private placement will be utilized for working capital and general corporate purposes [3]. Group 3: Company Overview - PyroGenesis Inc. specializes in advanced engineering solutions leveraging 30 years of plasma technology, serving industries such as energy, aerospace, and defense [5]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [5].
Formation Metals Announces $6,000,000 Private Placement
Accessnewswire· 2025-09-30 23:10
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES High lights: Formation has planned a 20,000 metre total multi-phase drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~870,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~809,000 oz Au) across four zones (A, East, RJ-East, and Central)2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone2,4 . Phase 1, consisting of a fully funded 10,000 metres, com ...
South Star Announces Non-Brokered Private Placements
Globenewswire· 2025-09-30 23:00
Core Viewpoint - South Star Battery Metals Corp. is conducting a non-brokered private placement to raise up to C$4.17 million (US$3.0 million) through units and C$2.085 million (US$1.5 million) through unsecured convertible notes, aimed at funding exploration, development, and general working capital [1][7]. Unit Offering - The Company plans to issue up to 27,800,000 Units at a price of C$0.15 per Unit, each consisting of one common share and one common share purchase warrant [2]. - Each Warrant allows the holder to acquire one Share at C$0.20 for five years, with potential acceleration if the share price exceeds C$0.40 for ten consecutive trading days [2]. Note Offering - Tiago Cunha, interim CEO, and affiliates will subscribe for C$2.085 million (US$1.5 million) principal amount of Notes, which will convert into units at C$0.15 per Note Unit upon shareholder approval [3][4]. - The Notes will bear a 12% annual interest rate, payable in cash on the maturity date, which is one year from the closing date [5]. Shareholder Approval - The conversion of the Note Units will make Tiago Cunha a control person of the Company, requiring shareholder approval [4]. - The Company intends to hold a shareholder meeting to seek this approval [4]. Use of Proceeds - Net proceeds from the Offerings are expected to be allocated for exploration, development, corporate general and administrative expenses, and general working capital [7]. Regulatory Compliance - The Offerings will be conducted in compliance with Canadian regulations, targeting accredited investors and exempt purchasers [6]. - All securities issued will be subject to statutory hold periods under applicable securities legislation [6]. Company Overview - South Star Battery Metals Corp. focuses on developing battery metals projects in the Americas, with its Santa Cruz Graphite Project in Brazil being the first to enter production [12]. - The Company is also developing the BamaStar Project in Alabama, which has shown strong economic results with a pre-tax NPV of US$2.4 billion and an IRR of 35% [13].
Micromem Announces Proposed Private Placement
Newsfile· 2025-09-30 20:15
Core Viewpoint - Micromem Technologies Inc. is proceeding with a non-brokered private placement to raise up to CAD $400,000 through the sale of common share units priced at CAD $0.055 per unit, with proceeds aimed at working capital and debt settlement [1]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one warrant exercisable at CAD $0.06 per share for one year [1]. - The total amount raised can be increased by 50% at the company's discretion [1]. - All securities issued will be subject to a four-month hold period and are pending final regulatory approvals [1]. Group 2: Company Overview - Micromem Technologies Inc. focuses on creating innovative applications for various industries, including oil & gas, utilities, automotive, healthcare, government, IT, and manufacturing [3]. - The company leverages its expertise in sophisticated sensor applications to address unmet market needs [3]. - Micromem is publicly traded on OTCQB under the symbol MMTIF and on CSE under the symbol MRM, with 607,024,014 shares issued [6].
Carnival Corporation & plc Announces Pricing of $1.25 Billion 5.125% Senior Unsecured Notes Offering
Prnewswire· 2025-09-30 20:05
Core Viewpoint - Carnival Corporation is conducting a private offering of $1.25 billion in senior unsecured notes at a 5.125% interest rate, aimed at redeeming $2.0 billion of existing higher-interest notes due in 2029, as part of its strategy to reduce interest expenses [1][2]. Group 1: Notes Offering Details - The offering consists of $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 [1]. - Proceeds from the offering, along with cash on hand, will be used to redeem the $2.0 billion 6.000% senior unsecured notes due 2029 [2]. - The Notes will pay interest semi-annually starting May 1, 2026, and will mature on May 1, 2029 [4]. Group 2: Transaction Structure - The Notes will be fully and unconditionally guaranteed on an unsecured basis by Carnival plc and certain subsidiaries [4]. - The transaction is expected to close on October 15, 2025, subject to customary closing conditions [3]. - The indenture governing the Notes will include investment grade-style covenants [2]. Group 3: Regulatory and Offering Information - The Notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S [5]. - The Notes will not be registered under the Securities Act and may not be sold in the U.S. without registration or an exemption [6].