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Flux Power Closes $5 Million Private Placement of Prefunded Warrants and Common Warrants
Globenewswire· 2025-09-16 12:31
Core Viewpoint - Flux Power Holdings, Inc. has successfully entered into securities purchase agreements for the sale of Prefunded Warrants and Common Warrants, raising approximately $5.0 million for working capital and corporate purposes, demonstrating strong support from existing shareholders [1][3] Group 1: Securities Offering - The company sold a total of 258,144 Prefunded Warrants and 1,214,769 Common Warrants [1] - The Prefunded Warrants allow holders to purchase shares of Series A Convertible Preferred Stock at a price of $0.001 per share [2] - Each purchaser of Prefunded Warrants also received a Common Warrant to purchase additional shares equal to 50% of the shares issuable upon conversion of the Series A Preferred Stock [2] Group 2: Shareholder Support - The offering reflects strong backing from existing shareholders, who collectively own over 50% of the company's common stock [3] - The CEO emphasized that the transaction is expected to extend the company's cash runway and enhance its financial position for strategic initiatives [3] Group 3: Company Overview - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial applications [4] - The company's products aim to provide better performance, lower ownership costs, and improved environmental sustainability compared to traditional solutions [4]
Bullion Gold Provides Updates on Its Bousquet, Langlade, and Bodo (Rivon Zone) Exploration Projects
Newsfile· 2025-09-16 12:15
Core Viewpoint - Bullion Gold Resources Corp. is making significant progress in its exploration programs at the Bousquet, Langlade, and Bodo projects in Quebec, with plans for initial drilling programs and positive geological findings [4][12]. Bousquet Project - The Bousquet project is located in the Bousquet-Cadillac mining camp, known for its gold production associated with the Cadillac-Larder Lake fault [5]. - The project features gold-bearing structures and is currently under an option agreement with Olympio Metals, which involves a cash and share payment of $1.25 million and $2 million in exploration expenditures for an 80% interest [5]. Langlade Project - The Langlade zone consists of 72 mining cells covering approximately 4,125 hectares and is identified as a polymetallic VMS (Cu-Zn-Ag) showing [6]. - The exploration program aims to define the lateral extensions of mineralization and confirm the potential for an economic deposit, with a 2,000-meter drilling program planned [7]. - Significant mineralization has been identified, including exceptional grades of up to 15.75% Cu, 384 g/t Ag, 6.85 g/t Au, and 1.21% Zn [7]. Bodo Project - The Bodo project encompasses 763 claims over an area of 410 km², situated in a structurally complex environment favorable for polymetallic systems [8]. - The Rivon zone within the Bodo project shows continuous gold and polymetallic shear zones, with permits obtained for drilling to assess mineralized structures [8]. Financial Activities - The company has closed a private placement, issuing 2,392,857 flow-through share units at $0.07 for gross proceeds of $167,500, and 2,000,000 share units at $0.05 for gross proceeds of $100,000 [9][10].
Waraba Gold Limited Announces Private Placement and Intention to Complete Consolidation
Newsfile· 2025-09-15 22:58
Core Points - Waraba Gold Limited announced a non-brokered private placement financing for gross proceeds of up to $100 million through the issuance of up to 5 million common shares at a price of $0.02 per share [1] - The company intends to consolidate its issued and outstanding common shares on a basis of one post-consolidated share for every eighteen pre-consolidated shares, effective September 30, 2025 [3][4] Private Placement Details - The private placement aims to raise up to $100,000 and will be used to fund the company's working capital [1] - The common shares issued will be subject to a statutory hold period of four months and one day from the date of issuance [2] Consolidation Information - The effective date for the consolidation is set for September 30, 2025, with trading on a post-consolidated basis anticipated to begin on the same date [4] - No fractional common shares will be issued; fractions equal to or greater than one-half will be rounded up, while smaller fractions will be canceled [5] - Shareholders will receive a letter of transmittal for the exchange of their common shares following the effective date [6] Company Overview - Waraba Gold Limited is a resource exploration company focused on acquiring and exploring mineral properties [7] - The company's common shares trade on the Canadian Securities Exchange under the symbol "WBGD" and on the Frankfurt Stock Exchange under the symbol "ZE0" [7]
Hayasa Announces Upsizing of Private Placement LIFE Offering of Units to C$2M from C$1.7M
Newsfile· 2025-09-15 11:30
Core Viewpoint - Hayasa Metals Inc. has announced an increase in its non-brokered private placement from C$1.7 million to C$2 million due to strong demand from existing and new shareholders [1][3]. Group 1: Private Placement Details - The private placement will now consist of up to 11,764,706 units at a price of C$0.17 per unit, raising gross proceeds of up to C$2 million [1]. - Each unit will include one common share and one half of a share purchase warrant, with each whole warrant allowing the purchase of one share at C$0.22 for 18 months post-placement [1]. - The placement is scheduled to close on or about September 19, 2025, subject to necessary approvals [6]. Group 2: Use of Proceeds - Net proceeds from the placement will be allocated to advancing exploration at the Urasar project in Armenia, evaluating other mineral property opportunities, and general working capital [3]. Group 3: Regulatory and Offering Information - The units will be offered under the Listed Issuer Financing Exemption, allowing for sales in Canada and potentially in the United States under certain exemptions [2]. - The company may pay finders' fees of up to 5% of the proceeds raised by eligible finders [5]. - Certain directors and officers will participate in the placement, which is considered a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [7]. Group 4: Company Overview - Hayasa Metals Inc. is focused on advancing its copper and gold projects in the Tethyan Mineral belt of Armenia, controlling both the Urasar and Vardenis projects [10].
Grizzly Clarifies Terms of Private Placement
Newsfile· 2025-09-12 13:00
Core Viewpoint - Grizzly Discoveries Inc. has announced a private placement offering aimed at raising up to $1 million through the sale of Units and FT Units priced at $0.03 each [1][2][3]. Private Placement Financing - The offering consists of up to 8,333,333 Units and up to 25,000,000 FT Units, with each Unit comprising one common share and one warrant [3]. - The warrants allow the holder to purchase an additional common share for $0.05, expiring either 30 days after a price threshold is met or 24 months from issuance [3]. Use of Proceeds - The proceeds from the offering, if fully subscribed, will be allocated as follows: - Mineral Property Exploration: $750,000 - Mineral Rights and Exploration Permits: $80,000 - Working Capital: $100,000 (including outstanding management fees and other accounts payable) - Corporate Overhead: $70,000 [4]. Finder's Fees and Trading Restrictions - The company may pay finders fees in cash, Units, and Warrants to registered broker dealers in accordance with TSX Venture Exchange policies [5]. - Common Shares and shares issued upon warrant exercise will be subject to trading restrictions for four months and one day from issuance [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 [7]. - The company is managed by a team with a proven track record in advancing exploration projects from early stages to feasibility [8].
Tier One Silver Closes First Tranche of Previously Announced Upsized Private Placement
Newsfile· 2025-09-12 11:51
Group 1 - Tier One Silver Inc. has completed the first tranche of its upsized non-brokered private placement, issuing 41,488,000 units at C$0.08 per unit, resulting in gross proceeds of C$3,319,040 [1][2] - Each unit consists of one common share and one full common share purchase warrant, with warrants exercisable at C$0.11 until September 11, 2028 [1][2] - A second tranche of the offering is expected to close around September 16, 2025, with proceeds intended for exploration at Curibaya, new project investigation, and general working capital [2][3] Group 2 - The company paid cash finders' fees of C$205,173 and issued 2,564,660 non-transferable finders' warrants in connection with the first tranche [3] - The securities issued are subject to a four-month and one-day hold period in Canada, expiring on January 12, 2026 [4] - The company is focused on creating value through the discovery of silver, gold, and copper deposits in South America, with a strong emphasis on its flagship project, Curibaya [6]
Emperor Metals Announces Private Placement Increase to $10 Million
Newsfile· 2025-09-12 11:30
Core Viewpoint - Emperor Metals Inc. has increased its private placement offering to up to $10,000,000 due to strong investor demand [1] Offering Details - The offering will consist of Common Units and Flow-Through (FT) Units, with a maximum of 15,000,000 Common Units priced at $0.20 each and up to 25,000,000 FT Units priced at $0.28 each, aiming for gross proceeds of $3,000,000 and $7,000,000 respectively [9] - The Agents have an option to increase the offering size by an additional 15% prior to closing [2] - Each Common Unit includes one Common Share and one-half of a Warrant, while each FT Unit includes one FT Share and one-half of a Warrant [3] Regulatory and Compliance - The Offered Securities will be available under the "listed issuer financing exemption" in Canada and may also be offered in the U.S. and other jurisdictions through private placements [4] - The securities issued under the offering are not expected to be subject to a hold period in Canada [5] Use of Proceeds - The net proceeds from the offering will be allocated to advance the Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital [7] Agent Compensation - The Corporation will pay the Agents a cash commission of 6.0% of the gross proceeds and issue warrants to acquire Common Shares equal to 6.0% of the total number of Offered Securities [8] Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [11] - The company aims to unlock the resource potential of its Duquesne West Gold Project and Lac Pelletier Project [11]
Arizona Gold & Silver Announces Closing Of Oversubscribed Non-Brokered Private Placement
Thenewswire· 2025-09-12 11:00
Core Points - Arizona Gold & Silver Inc. has successfully closed a non-brokered private placement, raising total gross proceeds of CDN$1,999,924.80 by issuing 6,666,416 units at a price of $0.30 per unit [1][3] - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable at a price of $0.40 per share for three years [2] - The proceeds from the private placement will be utilized for further exploration of the Philadelphia Property in Mohave County and for general working capital purposes [3] Financial Details - The company paid finder's fees totaling $26,451 in cash, along with 266,667 shares and 26,667 common share purchase warrants, each warrant allowing the holder to acquire one common share at $0.40 for three years [4] - All securities issued are subject to a four-month hold period [5] Regulatory Information - The private placement and finder's fees are subject to the approval of regulatory authorities [4] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States without registration or an applicable exemption [7][8]
Hycroft completes $60m private placement for mine development
Yahoo Finance· 2025-09-12 09:43
Core Viewpoint - Hycroft Mining has successfully closed a $60 million non-brokered private placement aimed at mine development, led by investor Eric Sprott [1][4]. Funding and Use of Proceeds - The funds raised will be allocated for the development of the Hycroft gold-silver mine and for the company's working capital, including general corporate activities [2]. - The private placement consisted of over 14 million units priced at $4.2805 each, with each unit comprising one common share and a one-half common warrant [1]. Mine Infrastructure and Operations - The Hycroft mine, located in Nevada's Sulfur Mining District, is equipped for both heap leach and milling operations and has significant existing infrastructure [2]. - The project includes facilities for three-stage crushing, leach pads, and Merrill Crowe plants, along with a refinery [3]. Ownership and Investment Details - Following the placement, Eric Sprott acquired 9,344,704 units, resulting in approximately 33% ownership of Hycroft Mining's common shares and 10,188,176 warrants [4]. - Tribeca Global Natural Resources holds an approximate 8% stake after purchasing 4,438,734 units, while other investors contributed $1 million by acquiring 233,618 units [4]. Financial Position - After the completion of the private placement, Hycroft Mining's unrestricted cash reserves are approximately $129 million [3].
Lion One Announces Upsize of LIFE Offering for Gross Proceeds of up to $20 Million
Newsfile· 2025-09-12 05:48
Core Viewpoint - Lion One Metals Limited has announced an increase in its non-brokered private placement offering, raising the gross proceeds from $15 million to $20 million due to strong investor demand [2]. Group 1: Offering Details - The upsized LIFE Offering will consist of up to 62,500,000 units priced at $0.32 per unit, with each unit comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [2]. - The offering is expected to close around September 23, 2025, subject to customary conditions and approvals [5]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [4]. Group 3: Finder's Fees - The company may pay finders' fees up to 7% of the gross proceeds raised, which will include cash commissions and finder warrants [6].