Private Placement
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Pasinex Closes Over-Subscribed Non-Brokered Private Placement
Globenewswire· 2025-10-24 11:00
Core Viewpoint - Pasinex Resources Limited has successfully closed a non-brokered private placement of common shares, raising gross proceeds of C$ 2,331,540, which will be utilized for advancing the Sarikaya project and general working capital [1][3]. Offering Details - The offering involved the issuance of 31,087,200 common shares at a price of C$ 0.075 per share [7]. Use of Proceeds - Net proceeds from the offering will be allocated to: - Installment payments to the previous owner - Underground development - Drilling and mine equipment costs - Permitting costs - General working capital - Advanced exploration activities within the Sarikaya license area [3]. Management Commentary - Dr. Larry Seeley, Executive Chairman, expressed gratitude to shareholders for their support and highlighted the company's strengthened management and board. He noted the conversion of C$ 2 million of shareholder loans into common shares, indicating confidence in the company's projects. The successful financing is expected to enhance the company's balance sheet and support development and production growth [4]. Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, owning 100% of Horzum AŞ, which operates the Pinargozu high-grade zinc mine in Türkiye. The company also holds a 51% interest in the Gunman Project in Nevada and 100% of the Sarıkaya Group IV lead-zinc operating license in Türkiye [5][6]. Insider Participation - Insiders subscribed for a total of 2,000,000 common shares, generating gross proceeds of C$ 150,000, which is classified as a related party transaction [7]. Securities and Regulations - Following the offering, the total number of common shares issued and outstanding is 204,813,876. All securities issued are subject to a statutory hold period of four months in accordance with Canadian securities laws [7].
Lion One Announces Closing of Upsized Sidecar Private Placement
Newsfile· 2025-10-24 00:45
Core Points - Lion One Metals Limited has successfully closed an upsized non-brokered sidecar private placement, raising gross proceeds of $8,310,245.44, in addition to a previously completed LIFE Offering that raised $25,000,000, totaling $33,632,005.12 [1][2][3] Financing Details - The Sidecar Private Placement involved the issuance of 25,969,517 units at a price of $0.32 per unit, which included one common share and one warrant per unit [2] - The total number of Offered Units issued under both the Sidecar Private Placement and the LIFE Offering is 105,100,016 [2] - Each warrant allows the holder to acquire one common share at an exercise price of $0.42 for three years [2] Use of Proceeds - The net proceeds from the offerings will be used for the development of the Tuvatu Gold Project, repayment of a loan facility, and working capital [3] Management Commentary - The CEO expressed satisfaction with the demand for the offerings, indicating strong confidence in the company and plans to accelerate mine development and production at Tuvatu [3] Finder's Fees - The company paid finder's fees totaling $635,904 in cash and issued 1,987,200 finders warrants, representing an 8% commission on the gross proceeds [4] Regulatory Information - The listing of the common shares is subject to final acceptance by the TSX Venture Exchange, with certain securities under a statutory hold period [5] Company Overview - Lion One Metals is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and extensive exploration licenses [8]
Magma Silver Announces Closing of $5 Million Private Placement
Newsfile· 2025-10-23 20:45
Core Viewpoint - Magma Silver Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $5,000,000 through the issuance of 33,333,332 units at a price of $0.15 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.25 for 36 months [2]. - The company intends to use the net proceeds from the offering for exploration at the Niñobamba silver-gold project in Peru, working capital, and general corporate purposes [6]. - The company paid aggregate cash finder's fees of $294,022 and issued 1,928,138 finder warrants, each allowing the purchase of one common share at $0.25 for 36 months [7]. Group 2: Insider Participation - Eric Sprott, through 2176423 Ontario Ltd., acquired 6,666,667 units for a total consideration of $1,000,000, representing approximately 9.5% of the outstanding common shares on a non-diluted basis and 13.6% on a partially-diluted basis [3][4]. - The issuance of 100,067 units to directors, officers, and insiders for gross proceeds of $15,010 constituted related party transactions, exempt from formal valuation and minority shareholder approval [9]. Group 3: Equity Incentive Awards - The board of directors approved the grant of 3,525,000 incentive stock options to certain directors, officers, consultants, and employees, exercisable into common shares at $0.25 per share for five years [10]. - The stock options will vest in four equal tranches every three months, starting three months from the grant date [10]. Group 4: Company Overview - Magma Silver Corp. focuses on acquiring, exploring, developing, and operating precious metal mining projects, with a primary focus on the Niñobamba silver-gold project in Peru [13]. - The Niñobamba project spans an 8 km mineralized corridor in a high-sulphidation epithermal system, with over C$14.5 million invested to date by various companies [13]. - The company is advancing the Niñobamba project using modern geological modeling and has strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru [13].
Cruz Battery Metals Announces Private Placement to Fund Work Programs on its Nevada & Ontario Projects
Newsfile· 2025-10-23 18:23
Cruz Battery Metals Announces Private Placement to Fund Work Programs on its Nevada & Ontario ProjectsOctober 23, 2025 2:23 PM EDT | Source: Cruz Battery Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Cruz Battery Metals Corp. (CSE: CRUZ) (OTCID: BKTPF) (WKN: A40YSN) ("Cruz" or the "Company") wishes to announce a private placement to fund work programs on the Company's Nevada lithium projects and the gold/copper project in Ontario. Cruz's Solar Lithium Project i ...
IDEX Metals Announces Upsize of Non-Brokered Private Placement of Units
Thenewswire· 2025-10-23 00:15
Core Points - IDEX Metals Corp. has increased its non-brokered private placement from $2,000,000 to $5,320,500 due to significant market demand [1] - The offering will consist of up to 8,867,500 units priced at $0.60 per unit, aiming for aggregate gross proceeds of up to $5,320,500 [1][2] - Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 per share for 24 months [2] - The proceeds will be used for exploration of mineral properties in Idaho and for general working capital [5] - The offering is subject to customary conditions, including TSX Venture Exchange approval [4] Company Overview - IDEX Metals Corp. is focused on mineral exploration, particularly in base and precious metal projects in Idaho, USA [8] - The company is advancing the Freeze Copper-Gold porphyry prospect in the Idaho Copper District, surrounded by major industry players [8]
Lodestar Metals Upsizes Private Placement to $1.5M
Newsfile· 2025-10-22 21:58
Group 1 - Lodestar Metals Corp. has increased the size of its private placement from gross proceeds of C$1,000,000 to C$1,500,000, priced at C$0.075 per Unit for up to 20,000,000 Units [1][2] - Each Unit consists of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2][3] - The proceeds from the Offering will be allocated for exploration and drilling on the Goldrun Project in Nevada and for working capital [3] Group 2 - Lodestar Metals Corp. is a Canadian mineral exploration company focusing on high-potential projects in North America, including the Gold Run Property in Nevada [4] - The company's strategy emphasizes high-impact exploration, strategic acquisitions, and responsible development [4]
Giga Metals Announces Private Placement Amendment
Globenewswire· 2025-10-22 21:27
Core Points - Giga Metals Corp has amended the terms of its previously announced non-brokered private placement financing [1] - The Critical Minerals FT Unit will now include one flow-through share and one non-transferable flow-through share purchase warrant, allowing the holder to acquire an additional share at a price of $0.25 for 36 months [2] - The NFT Unit will include one non-flow-through share and one non-transferable non-flow-through share purchase warrant, with the same acquisition terms as the FT Warrant [3] Company Overview - Giga Metals Corporation's core asset is the Turnagain Project, located in northern British Columbia, which contains significant undeveloped sulphide nickel and cobalt resources [4] - The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [5]
Nexus Uranium Announces Private Placement of Units
Newsfile· 2025-10-22 19:40
Core Viewpoint - Nexus Uranium Corp. is initiating a non-brokered private placement offering to raise between $810,000 and $910,000 through the sale of units priced at $0.25 each, with the offering expected to close around November 7, 2025 [1][6]. Group 1: Offering Details - The offering consists of a minimum of 3,240,000 units and up to a maximum of 3,640,000 units, each unit comprising one common share and one transferable common share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at a price of $0.55 for 24 months after the offering closes, with restrictions on exercise until the 61st day post-closing [2]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital, and general corporate purposes [3]. Group 3: Regulatory and Compliance Information - The offering will be conducted under the listed issuer financing exemption in Canada, excluding Quebec, and the securities will not have resale restrictions for Canadian residents [4]. - The offering is subject to necessary approvals and compliance with Canadian Securities Exchange policies [6]. Group 4: Company Overview - Nexus Uranium is focused on uranium exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [7].
Volt Carbon Technologies Amends Terms of $300,000 Private Placement
Newsfile· 2025-10-22 12:30
Core Viewpoint - Volt Carbon Technologies Inc. has amended the pricing of its non-brokered private placement financing, now offering up to 12,000,000 units at C$0.025 per unit for gross proceeds of up to C$300,000 [1][2][3] Group 1: Offering Details - The Offering will consist of 12,000,000 units priced at C$0.025 each, with gross proceeds expected to reach C$300,000 [2] - Each unit includes one common share and one common share purchase warrant, allowing the purchase of an additional share at C$0.05 for 24 months [2] - No Finder's Fee, Agents options, or commissions will be paid in connection with the private placement [2] Group 2: Regulatory Compliance - The price adjustment aligns with TSX Venture Exchange Policy 1.1, which prohibits discounts when the market price is below C$0.05 [3] - The Offering is subject to customary conditions and regulatory approvals, including TSX Venture Exchange approval, with an anticipated closing within approximately 30 business days [4][8] Group 3: Use of Proceeds - Proceeds from the Offering will be used to pay outstanding payables, advance battery and mobile mineral separation technology, and for general working capital [4][8] Group 4: Company Overview - Volt Carbon is a publicly traded carbon science company focused on energy storage and green energy, with mining claims in Ontario, Quebec, and British Columbia [6]
SONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $4 MILLION PRIVATE PLACEMENT
Globenewswire· 2025-10-22 12:00
Core Points - Sonoro Gold Corp. has successfully closed an oversubscribed private placement of 20,500,000 units at CAD $0.20 per unit, raising gross proceeds of CAD $4,100,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at CAD $0.28 for three years [1] - Insiders subscribed for 2,007,297 units, raising gross proceeds of CAD $401,459.40, qualifying as a related party transaction [3] Use of Proceeds - The net proceeds will primarily fund the ongoing development of the Cerro Caliche gold project in Sonora, Mexico, including an updated Preliminary Economic Assessment and final payment under the Rosario option agreement [4] - Funds will also be allocated for the Change of Land Use payment, necessary for mining operations in Mexico [4] - Additionally, the company plans to allocate funds for the proposed spin-off of the San Marcial gold-silver project into its wholly owned subsidiary, Oronos Gold Corp. [5] Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [6] - The company has a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [6]