Private Placement Financing

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K9 Gold Corp. Closes $400,000 Private Placement Financing
Newsfile· 2025-08-13 20:31
Core Viewpoint - K9 Gold Corp. has successfully closed a non-brokered private placement, raising a total of $400,000 through the issuance of units, which will be utilized for general working capital and exploration activities [1][4]. Group 1: Offering Details - The Offering consisted of 4,000,000 units priced at $0.10 each, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase an additional common share at $0.15 for three years from the issuance date [2]. - Finder's fees totaling $4,000 were paid in connection with the Offering [2]. Group 2: Insider Participation - Insiders subscribed for a total of $40,000 worth of units, which is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3]. Group 3: Regulatory and Compliance Information - All securities issued under the Offering are subject to a statutory hold period that expires on December 14, 2025, in accordance with applicable securities laws [3]. Group 4: Company Overview - K9 Gold Corp. is focused on advancing its portfolio of gold and base metal projects in North America, emphasizing responsible exploration and long-term shareholder value [5].
Emerita Announces Upsize to C$25M Brokered Private Placement Financing
GlobeNewswire News Room· 2025-08-13 19:31
Group 1 - Emerita Resources Corp. has increased the size of its previously announced private placement from $15,000,090 to up to $24,999,975 due to strong investor demand [1][2] - The Offering will consist of up to 23,809,500 units priced at $1.05 per unit, with each unit including one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to purchase one common share at an exercise price of $1.30 for 24 months following the Offering's completion [2] Group 2 - The net proceeds from the Offering will be utilized for exploration and development of the Company's Spanish mineral properties, as well as for general corporate and working capital purposes [3] - The Offering will be conducted under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a statutory hold period under Canadian securities laws [4] - The Offering is expected to close on or about August 26, 2025, pending necessary approvals including that of the TSX Venture Exchange [5] Group 3 - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and an administrative office in Toronto [8]
Adyton Resources Closes Oversubscribed C$20 Million Financing Comprised of $14 Million Brokered Private Placement of Units and Concurrent $6 Million Non-brokered Private Placement of Units
Newsfile· 2025-08-13 16:23
Core Viewpoint - Adyton Resources Corporation has successfully completed an oversubscribed financing totaling C$20 million, which includes a brokered private placement of C$14 million and a concurrent non-brokered private placement of C$6 million [1][4]. Financing Details - The brokered private placement involved the sale of 35,000,000 units at a price of $0.40 per unit, generating gross proceeds of C$14 million [1]. - 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 share at $0.60 for 24 months [1]. - The non-brokered private placement raised C$6 million through the sale of 15,000,000 units at the same offering price, aimed at allowing board members and local residents to participate [4]. Agent and Compensation - Clarus Securities Inc. and PowerOne Capital Markets Limited acted as lead agents for the brokered offering, receiving a cash commission of 6.5% of the gross proceeds and 2,275,000 non-transferable compensation options [2][3]. Insider Participation - Company insiders, including Chairman Sinton Spence and Independent Director Michael Gray, subscribed for a total of 1,225,775 units, qualifying as a related-party transaction under Multilateral Instrument 61-101 [5]. Regulatory Compliance - The units issued are subject to a statutory hold period of four months plus one day from the closing date, in accordance with applicable securities legislation [6]. - The securities are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [7]. Company Overview - Adyton Resources Corporation focuses on developing gold and copper resources in Papua New Guinea, with a portfolio of mineral exploration projects [9]. - The company has a total mineral resource estimate of 173,000 ounces of indicated gold and 2,000,000 ounces of inferred gold across its projects [10]. - The Feni Island Project has an inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, equating to 1,460,000 ounces of contained gold [11].
Acceleware Ltd. Announces Extension of Private Placement Financing
Globenewswire· 2025-08-12 23:12
Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement to September 1, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one warrant, with the warrant exercisable at $0.20 for 24 months [3]. Group 2: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview and Technology - Acceleware specializes in RF power-to-heat solutions aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its Clean Tech Inverter to enhance the efficiency of amine regeneration and has partnered with potash producers to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].
O2Gold Provides Update on Quebec Aur Transaction; Upsizes Private Placement Financing
Globenewswire· 2025-08-08 01:00
Acquisition Update - O2Gold Inc. is progressing with the acquisition of a gold mining exploration property in Quebec through the purchase of Quebec Aur Ltd. [1][3] - The acquisition is part of a share exchange agreement dated April 15, 2024, and amended on November 14, 2024 [1][3]. Financing Details - The company has increased the hard dollar portion of its non-brokered private placement financing from 14 million units to 18 million units [2]. - Each unit consists of one common share and one common share purchase warrant, with an aggregate gross proceeds of $1.7 million expected from the offering [2]. - The proceeds will be used for general corporate purposes and to fund phase one exploration expenses on a 9,000 hectare claim package related to the acquisition [2]. Timeline and Conditions - The acquisition and offering are expected to close in late 2025, pending the satisfaction or waiver of certain conditions [3]. - Further details regarding the acquisition can be found in previous press releases and the management information circular sent to shareholders [3].
Tincorp Announces Non-Brokered Private Placement
Newsfile· 2025-08-07 15:01
Core Viewpoint - Tincorp Metals Inc. is planning a non-brokered private placement financing to raise up to approximately C$375,000 through the sale of up to 3,000,000 units at a price of C$0.125 per share [1][2]. Financing Details - The net proceeds from the offering will be used for working capital requirements and other general corporate purposes [2]. - The offering is expected to close on or about August 31, 2025, subject to TSXV approval and customary conditions for such private placements [3]. - Dr. Rui Feng, a director of the company, has subscribed for 1,700,000 common shares, totaling an investment of C$212,500, increasing his ownership from approximately 9.1% to 11.1% post-closing [4][5]. Insider Participation - The offering will involve related party transactions as insiders, including Silvercorp, are expected to participate, and the company intends to rely on exemptions from certain valuation and minority shareholder approval requirements [7]. Finder's Fee - The company may pay a finder's fee of 6% of the gross proceeds to eligible persons who introduce purchasers to the offering [6]. Company Overview - Tincorp Metals Inc. is focused on mineral exploration, particularly tin projects in Bolivia, and owns a gold project near Whitehorse, Yukon, Canada. The company owns 100% of the Porvenir Project and is acquiring a 100% interest in the nearby SF Project [9].
Greenland Resources Announces Closing of Private Placement Financing for Aggregate of $10 Million
Globenewswire· 2025-08-05 21:31
Company Overview - Greenland Resources Inc. is a Canadian public company focused on developing its 100% owned Climax type primary molybdenum deposit located in central east Greenland [5] - The Malmbjerg project is an open pit operation designed with an environmentally friendly approach, emphasizing reduced water usage and low ecological disturbance [5] - The project has a Definitive Feasibility Study completed in 2022, indicating a capital expenditure (capex) of US$820 million and a levered after-tax internal rate of return (IRR) of 33.8% with a payback period of 2.4 years at a molybdenum price of US$18 per pound [5] Financial Activities - The company has successfully closed a non-brokered private placement of 6,666,667 units at a price of C$1.50 per unit, raising gross proceeds of C$10,000,000.50 [1][2] - Each unit consists of one common share and one warrant, with each warrant exercisable at C$2.00 for a period of 24 months [2] - The proceeds from the offering will be used for detailed engineering studies, magnesium metallurgical studies for the Malmbjerg Project, capital expenditures, offtaking negotiations, and general corporate purposes [2] Project Details - The Malmbjerg project has Proven and Probable Reserves of 245 million tonnes at a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [5] - The average annual production for the first ten years is projected to be 32.8 million pounds of contained molybdenum, which represents approximately 25% of the EU's total yearly consumption and meets 100% of the EU's defense needs [5] - The project also aims to extract magnesium from saline water, utilizing innovative technologies, and incorporates magnesium into the feasibility study's economics [5] Regulatory and Compliance - The company has filed an amended and restated offering document on its SEDAR+ profile in compliance with the Listed Issuer Financing Exemption [3] - The securities from the offering have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with applicable regulations [4][11]
Lincoln Gold Announces Intention to Close Second Tranche of Private Placement Financing
Thenewswire· 2025-08-01 21:20
Core Points - Lincoln Gold Mining Inc. plans to close a second tranche of its non-brokered private placement financing on August 11, 2025, aiming to raise gross proceeds of up to $1,014,400 through the issuance of 6,762,666 units at a price of $0.15 per unit [1][2][3] Group 1: Financing Details - Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at a price of $0.35 for 24 months [2] - The proceeds from the second tranche will be used for general administrative expenses and to advance the Bell Mountain Project towards production, as well as to complete production permitting at the Pine Grove Project [3] Group 2: Regulatory and Compliance Information - All securities issued under the second tranche will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws [3] - The second tranche remains subject to final approval from the TSX Venture Exchange [5] Group 3: Company Overview - Lincoln Gold is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property, both located in the Walker Lane mineral belt [6]
ThreeD Capital Inc. Announces Upsize to its Private Placement Financing
Globenewswire· 2025-07-31 21:00
About ThreeD Capital Inc. ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company's ecosyst ...
Neotech Metals Announces Private Placement Offering
Newsfile· 2025-07-24 08:00
Core Viewpoint - Neotech Metals Corp. is planning a non-brokered private placement financing to raise approximately $1.1 million through the issuance of non-flow through units and flow-through units [1][5]. Group 1: Financing Details - The company intends to issue up to 588,235 non-flow through units at a price of $0.17 per unit, aiming for gross proceeds of approximately $100,000 [1]. - Additionally, the company plans to issue up to 4,000,000 flow-through units at a price of $0.25 per unit, targeting gross proceeds of up to $1,000,000 [1]. - Each non-flow through unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.35 for two years [2]. - Each flow-through unit will consist of one common share and one flow-through warrant, with similar terms for the warrant as the non-flow through units [3]. Group 2: Use of Proceeds - The net proceeds from the sale of flow-through units will be allocated for qualified expenditures related to the company's mineral properties [5]. - The net proceeds from the sale of non-flow through units will be used for general working capital purposes [5]. Group 3: Company Overview - Neotech Metals Corp. is focused on mineral exploration, particularly in rare-earth elements and rare metals, with projects located in promising jurisdictions [7][8]. - The company has a diversified portfolio, including the Hecla-Kilmer project and others in British Columbia, all of which are 100% owned [8].