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Onconetix announces financing through private placement, debt settlement
Yahoo Finance· 2025-09-27 12:40
Group 1 - Onconetix announced a private placement of Series D Convertible Preferred Stock and warrants, raising approximately $12.9 million [1] - The financing included $9.3 million in cash, with the remainder used to offset debts owed to certain investors [1] - The Series D Preferred Stock is convertible into 4,362,827 shares of Common Stock, with anti-dilution adjustments [1] Group 2 - The warrants have an initial exercise price of $3.6896 per share and are exercisable for three years from the issuance date [1] - Approximately $6.3 million of the proceeds were used to pay off a debt to Veru, Inc., while $2.5 million of debt was converted into Series D Preferred Stock and warrants [1] - Remaining net cash proceeds will be used for costs related to the termination of a business combination with Ocuvex, Inc., and for working capital [1]
Onconetix Announces Financing Through a $12.9 Million Private Placement of Series D Preferred Stock and Warrants, Termination of Merger Agreement with Ocuvex, Inc. and Settlement of $8.8 Million Debt with Veru, Inc.
Globenewswire· 2025-09-26 12:30
Core Insights - Onconetix, Inc. has completed a private placement of Series D Convertible Preferred Stock and Warrants, raising approximately $12.9 million [1][2] - The financing transaction involved $9.3 million in cash and the remainder used to offset debts [1][3] - The proceeds will be used to settle debts, cover costs related to a terminated business combination, and for working capital [3] Financing Details - The private placement includes shares convertible into 4,362,827 shares of Common Stock and Warrants to purchase the same number of shares [1] - The initial exercise price for the Warrants is set at $3.6896 per share, with anti-dilution adjustments applicable [1] - The Company will seek stockholder approval for the issuance of shares related to the Series D Preferred Stock and Warrants [2] Debt Settlement - Approximately $6.3 million of the financing proceeds were allocated to settle a debt with Veru, Inc., while $2.5 million of debt was converted into Series D Preferred Stock and Warrants [3] - The total debt owed to Veru, Inc. was approximately $8.8 million [3] Company Overview - Onconetix, Inc. is focused on innovative solutions for men's health and oncology, including the Proclarix® diagnostic test for prostate cancer [4] - The Company has acquired Proteomedix, enhancing its product offerings in the oncology space [4]
Rocky Shore Gold Closes Second Tranche of Non-Brokered Private Placement
Globenewswire· 2025-09-25 20:30
Core Viewpoint - Rocky Shore Gold Ltd. has successfully closed the second tranche of a non-brokered private placement, raising gross proceeds of $1,299,000 to support its operations and exploration activities [1][3]. Group 1: Financial Details - The second tranche involved the issuance of 17,980,000 units at an issue price of C$0.05 per unit, each unit consisting of one common share and one-half of a common share purchase warrant [1]. - Additionally, 8,000,000 flow-through shares were issued at the same price of C$0.05 per share [1]. - The total proceeds from the second tranche will be allocated for general corporate purposes and specifically for the exploration of the Gold Anchor Project [3]. Group 2: Warrant and Finder's Fees - Each warrant allows the holder to acquire one additional common share at an exercise price of C$0.10 until September 25, 2028, with potential accelerated expiry terms if the common shares trade at or above C$0.20 for 20 consecutive days [2]. - The company paid cash finders fees and issued 1,192,800 finder's warrants to eligible finders, each exercisable at $0.05 until March 25, 2027 [4]. Group 3: Insider Participation - Insiders of the company acquired a total of 500,000 units and 200,000 flow-through shares, amounting to approximately $35,000 in subscriptions, which is classified as a related party transaction [6]. Group 4: Company Overview - Rocky Shore Gold is focused on major gold discoveries at its 100%-owned Gold Anchor Project, located in central Newfoundland, which is recognized as one of Canada's promising gold belts [7]. - The project spans over 1,200 square kilometers and is strategically positioned near significant gold discoveries and deposits [7].
Oroco Announces Private Placement
Globenewswire· 2025-09-25 19:49
Core Points - Oroco Resource Corp. announced a non-brokered private placement of up to 18,000,000 units at a price of US$0.20 per unit, aiming for gross proceeds of up to US$3,600,000 [1][3] - Each unit consists of one common share and one half common share purchase warrant, with the whole warrant allowing the purchase of one common share at US$0.30 within 24 months [2] - Faysal Rodriguez, a new board member, will participate in the offering by purchasing 5,000,000 units for US$1,000,000 [3] - Proceeds from the offering will be used for the advancement of the Santo Tomás Project in Mexico, as well as for working capital and general corporate purposes [3] - The offering is subject to regulatory approvals, and the securities will have a hold period of four months plus one day post-issue [4] Company Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [6] - The Santo Tomás Project is located in northwestern Mexico and has significant copper porphyry mineralization, with prior exploration conducted from 1968 to 1994 [6] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [6][7] - The project is strategically located 170 km from the Pacific deep-water port at Topolobampo, with access via highway and rail [8]
Kirkland Lake Discoveries Corp. Announces Upsizing of Private Placement to $10M
Newsfile· 2025-09-25 19:36
Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - Kirkland Lake Discoveries Inc. (TSXV: KLDC) (the "Company") is pleased to announce that further to its press release dated September 22, 2025, the Company has upsized its previously announced non-brokered private placement (the "Offering") due to strong investor demand. The Offering will now consist of the issuance of (i) flow-through shares ("FT Shares") at a price of $0.30 per FT Share; and (ii) units (each, a "Unit") at a price of $0.25 per Unit, ...
Lithium Ionic Announces Upsize of Non-Brokered Private Placement to $15 Million
Globenewswire· 2025-09-25 16:09
Core Viewpoint - Lithium Ionic Corp. has announced an upsized non-brokered private placement due to strong investor demand, aiming to raise up to $15 million through the issuance of units priced at $0.70 each [2][4]. Group 1: Offering Details - The upsized offering will consist of up to 21,428,571 units, each comprising one common share and one warrant [2][3]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.90 for a period of 24 months following the offering's completion [3]. - The first tranche of the offering is expected to close around September 29, 2025, pending necessary approvals [4]. Group 2: Use of Proceeds - The net proceeds from the upsized offering will be allocated for exploration and development of the company's Brazilian properties, as well as for general corporate purposes [4]. Group 3: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly the Itinga and Salinas projects, which cover 14,668 hectares in a promising mining region [6]. - The Itinga Project is located near established lithium operations, including CBL's Cachoeira lithium mine and Sigma Lithium Corp.'s Grota do Cirilo project, which is noted for hosting the largest hard-rock lithium deposit in the Americas [6].
Compass Gold Closes $700,000 Private Placement
Newsfile· 2025-09-25 11:15
Core Viewpoint - Compass Gold Corporation successfully closed a private placement, raising $700,000, exceeding initial commitments by $100,000 due to increased investor demand [1][2] Group 1: Offering Details - The private placement involved the issuance of 4,666,667 units at a price of $0.15 per unit, each unit consisting of one common share and one-half of a common share purchase warrant [1] - Each warrant allows the holder to purchase an additional common share at a price of $0.20 for two years [1] - The proceeds will be allocated to the development and execution of the Company's Small Mine Strategy at Massala and for general corporate purposes [1] Group 2: Finder's Fees and Insider Participation - The Company paid finder's fees of 7.0% on certain units sold, totaling $4,200 in cash and 121,333 common shares [2] - Insiders purchased 273,335 units for a total of $41,000, which is classified as a related party transaction [3] - Insider participation was exempt from certain valuation and minority shareholder approval requirements due to the size of the transaction relative to the Company's market capitalization [3] Group 3: Regulatory and Compliance Information - The securities issued are subject to a hold period of four months and one day post-issuance and require final acceptance by the TSX Venture Exchange [5] - The offering has not been registered under U.S. securities laws, and thus cannot be offered or sold in the U.S. without proper registration or exemption [6][7] Group 4: Company Background - Compass Gold Corporation is a Tier 2 issuer on the TSX-V, holding gold exploration permits in Mali, specifically the Sikasso Property, which spans 1,173 square kilometers [8] - The exploration team is led by Dr. Madani Diallo and supervised by Dr. Sandy Archibald, focusing on various anomalies identified in previous technical reports [8] Group 5: Qualified Person - The technical information in the release has been reviewed and approved by Dr. Sandy Archibald, who is the Qualified Person under National Instrument 43-101 standards [9]
Lithium Chile Announces Upsized Life Offering of Up to $7,000,000
Globenewswire· 2025-09-24 23:11
Core Viewpoint - Lithium Chile Inc. has announced an oversubscribed private placement offering due to strong market demand, increasing the offering size to up to 14,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $7,000,000 [1][6] Group 1: Offering Details - The offering will consist of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.70 for five years [2] - The offering is conducted under the listed issuer financing exemption, applicable in all Canadian provinces except Québec, and the securities will not be subject to a hold period under Canadian securities laws [3] - The agents are also permitted to offer the units in the United States under available exemptions from registration requirements [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to advancing the company's mineral properties in Argentina and Chile, as well as for general administrative expenses and working capital [6] Group 3: Company Overview - Lithium Chile Inc. is an exploration company with a portfolio of 11 properties covering 107,936 hectares in Chile and 29,245 hectares in Argentina [8] - The company has made significant progress on its Arizaro project, completing a technical report, a Preliminary Economic Assessment, and a Prefeasibility Study [9]
Pelangio Exploration Increases Size of Previously Announced Private Placement up to $4,500,000
Newsfile· 2025-09-24 15:29
Core Viewpoint - Pelangio Exploration Inc. has increased the size of its non-brokered private placement from gross proceeds of up to $4,000,000 to $4,500,000 due to additional demand [1] Offering Details - The Offering will consist of units priced at $0.18 each, with each unit comprising one common share and one half of a common share purchase warrant [2] - Each whole warrant allows the holder to purchase one common share at $0.31 for two years from the initial closing date [2] Use of Proceeds - The gross proceeds from the Offering will be allocated for exploration, metallurgical work, land maintenance costs, working capital, and general corporate purposes [3] Closing Conditions - The Offering is subject to customary closing conditions, including necessary corporate and regulatory approvals, with the initial closing expected around October 9, 2025 [4] - The securities issued will have a hold period of four months and one day in accordance with Canadian securities laws [4] Finder's Fee - The Company may pay a cash finder's fee of up to 7% of the gross proceeds and may issue non-transferable common share purchase warrants to finders [5] Insider Participation - Certain insiders may participate in the Offering, which will be considered a "related party transaction" under Multilateral Instrument 61-101 [6] Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich areas, particularly in Ghana and Canada, with notable properties including the Manfo and Obuasi properties [8]
Hayasa Announces Closing of $2M Private Placement LIFE Offering of Units
Newsfile· 2025-09-24 10:30
Core Points - Hayasa Metals Inc. has successfully closed a $2 million private placement, issuing a total of 11,165,282 units at a price of $0.17 per unit, resulting in gross proceeds of $1,898,098 [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.22 per share [2] - Teck Resources Limited has acquired 934,500 units to maintain a 9.9% ownership stake on a partially diluted basis [2] Use of Proceeds - The net proceeds from the private placement will be utilized for ongoing exploration at the Urasar project in Armenia, acquiring additional property, and general working capital [3] - The company plans to conduct a 2,000-meter drill program at Urasar in 2026 and is considering a pipeline of projects for acquisition [3] Management Commentary - Joel Sutherland, CEO of Hayasa, expressed satisfaction with Teck's continued support and optimism regarding the company's first mover advantage in Armenia [4] Regulatory and Financial Details - The units were issued under the listed issuer financing exemption, and the securities are not subject to resale restrictions for Canadian residents [4] - The company paid $48,420 in finders' fees, which is 5% of the proceeds raised, to various entities involved in the placement [6] - Two officers of the company participated in the private placement, purchasing 588,400 units for a total of $100,028 [7] Shareholder Changes - Dennis Moore acquired 294,200 units at $0.17 per unit, increasing his total ownership to approximately 11.56% of the company's outstanding shares on an undiluted basis, a decrease from 13.31% [10] - If all warrants and stock options are exercised, Moore's ownership could rise to approximately 13.09% on a partially diluted basis [11] Company Overview - Hayasa Metals Inc. is focused on advancing copper and gold projects in Armenia's Tethyan Mineral belt, controlling both the Urasar and Vardenis projects [14]