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Volatus Aerospace Inc. Announces “Bought Deal” Private Placement
Globenewswire· 2025-08-05 22:59
Core Points - Volatus Aerospace Inc. has entered into an agreement for a bought deal private placement of 8,076,924 units at a price of $0.52 per unit, aiming for gross proceeds of $4,200,000 [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 one common share at an exercise price of $0.76 for 36 months [2] - The offering will be available to purchasers across all provinces in Canada under the "Listed Issuer Financing Exemption" and will not be subject to statutory hold periods [3] Underwriter Details - The underwriter has an option to purchase an additional 15% of the offered securities at the issue price, exercisable up to 48 hours before the closing date [4] - The underwriter will receive a cash fee of 6.0% of the gross proceeds and non-transferable warrants equal to 6.0% of the number of offered securities sold [5] Use of Proceeds - The net proceeds from the offering will be used for expansion into the defense business segment, increasing inventory of drone systems, and for general working capital [6] - The offering is expected to close on or about August 14, 2025, subject to necessary approvals [6] Company Overview - Volatus Aerospace is a leader in global aerial solutions, providing services across various industries including oil and gas, energy utilities, healthcare, public safety, and infrastructure [8] - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [8]
Element 29 Announces Upsized Private Placement of up to $6,400,000
Newsfile· 2025-08-01 12:00
Core Viewpoint - Element 29 Resources Inc. has announced an increase in its non-brokered private placement financing to 12,800,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $6,400,000 [1][3]. Financing Details - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant exercisable for one common share at an exercise price of $0.70 for 36 months [2]. - The net proceeds will fund exploration activities at the company's projects in Peru, particularly the Phase-III drill program at the Elida deposit, and for general working capital [3]. Related Party Transactions - Certain directors and officers may participate in the financing, which qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [4]. Regulatory Approval - The financing is subject to approval from the TSX Venture Exchange, and all securities issued will have a statutory hold period of four months and one day from the issuance date [5]. Company Overview - Element 29 is focused on exploring and developing Tier-1 copper deposits in Peru, which is recognized as a low-cost and low-risk mining jurisdiction [7]. - The company's main objective is to expand the Elida Porphyry Cu-Mo-Ag deposit, alongside three other early-stage porphyry copper projects covering over 25,000 hectares [8].
IM Cannabis Closes Private Placement for Gross Proceeds of Approximately US$4.1 Million
Prnewswire· 2025-07-31 21:24
Core Points - IM Cannabis Corp. has successfully closed a private placement offering, raising gross proceeds of approximately C$5,622,522 (around US$4,100,000) by issuing 2,050,000 units at a price of C$2.7427 per unit [1] - Each unit consists of one common share or one pre-funded common share purchase warrant and one common share purchase warrant, with the latter allowing the purchase of shares at C$3.43 for a period of 60 months [2] - The proceeds from the offering will be used for general working capital, repayment of existing debt, and other corporate purposes [6] Company Overview - IM Cannabis Corp. is a leading medical cannabis company operating in Israel and Germany, focusing on providing premium cannabis products to medical patients [7] - The company utilizes a data-driven approach and a globally sourced product supply chain to enhance its operations and compliance with regulatory standards [7] - In Israel, the company imports and distributes cannabis, operates medical cannabis retail pharmacies, and manages logistical hubs to ensure quality control [8] - In Germany, IM Cannabis operates through Adjupharm GmbH, distributing cannabis to pharmacies for medical patients [9]
Metalero Announces Upsize to Private Placement
Newsfile· 2025-07-30 16:44
Core Viewpoint - Metalero Mining Corp. has increased its offering size from $600,000 to $850,000 due to strong investor demand, indicating positive market interest in the company [1] Group 1: Offering Details - The upsized offering consists of the sale of up to 7,083,333 Units at a price of $0.12 per Unit, each Unit comprising one common share and one common share purchase warrant [1] - Each Warrant allows the holder to purchase one common share for $0.25 in the first year and $0.35 in the second year, valid for up to two years from the closing date [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to advance exploration at the Benson Project in British Columbia, including follow-up work from recent soil sampling and geophysical surveys, as well as general working capital [2] Group 3: Company Background - Metalero Mining Corp. is a Canadian junior exploration company with offices in Vancouver and Edmonton, currently undergoing restructuring, including management changes and a new project focus [4] - The company is part of the Metals Group of Companies, emphasizing technical excellence, robust project selection, and strong corporate governance [5]
Gatekeeper Announces Closing of its $11.5 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' Option
Newsfile· 2025-07-23 12:42
Core Viewpoint - Gatekeeper Systems Inc. successfully closed a brokered private placement, raising a total of $11.5 million through the issuance of 9,585,250 common shares at a price of $1.20 per share, including the full exercise of the underwriters' option [2][4]. Group 1: Offering Details - The private placement was led by Canaccord Genuity Corp. and included underwriters such as Raymond James Ltd. and Cormark Securities Inc. [2] - The offering was completed under the "listed issuer financing" exemption from prospectus requirements in Canada [3]. - The net proceeds from the offering will be utilized for working capital and general corporate purposes [4]. Group 2: Company Overview - Gatekeeper Systems Inc. specializes in video and data solutions aimed at enhancing safety in public transportation [6]. - The company has provided solutions to over 60 transit agencies and 3,500 school districts across North America, with more than 57,000 Mobile Data Collectors installed [6]. - Gatekeeper's business model is centered around its Platform-as-a-Service (PaaS) offering, which supports AI-assisted video analytics for incident management [6].
CopperCorp Closes First Tranche of Private Placement
Newsfile· 2025-07-18 18:27
Core Points - CopperCorp Resources Inc. has successfully closed the first tranche of its upsized non-brokered private placement, raising gross proceeds of C$1,575,319 [1] - The second tranche will involve the purchase of 10,882,352 Units by a strategic investor and Crescat Capital LLC, generating additional proceeds of C$2,500,319 for the Company [2] - The first tranche consists of 18,533,163 Units priced at C$0.085 each, with each Unit including one common share and one common share purchase warrant [3] Financial Details - The proceeds from the Offering will be allocated for exploration drilling and development of the Hydes and Jukes properties in western Tasmania, Australia, as well as for general working capital [4] - CopperCorp paid finder's fees totaling C$59,974.50 and issued 705,582 finder's warrants under the same terms as the Warrants [5] - Insiders participated in the Offering, acquiring a total of 352,941 Units, which is considered a related party transaction [6] Regulatory and Compliance - The Offering is subject to necessary regulatory approvals, including final approval from the TSX Venture Exchange, and the securities issued will be subject to a hold period under applicable Canadian securities laws [5] - The Company relied on exemptions from formal valuation and minority shareholder approval requirements due to the participation of insiders not exceeding twenty-five percent of the market capitalization [6] Company Overview - CopperCorp is focused on the exploration and development of its Skyline and AMC copper-gold-REE projects located in western Tasmania [8]
Netcapital Announces Up To $5.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-16 17:40
Group 1 - Netcapital Inc. has entered into agreements for the purchase and sale of 641,712 shares of common stock at a price of $4.675 per share in a registered direct offering [1][3] - The offering is expected to generate approximately $3 million in gross proceeds, with an additional potential of $2.9 million from unregistered short-term warrants if fully exercised [3][4] - The company intends to use the net proceeds for the repayment of certain outstanding promissory notes and for general working capital purposes [3] Group 2 - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] - The common stock is being offered under a "shelf" registration statement that was declared effective by the SEC on October 26, 2022 [4] - The unregistered short-term warrants are being offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Securities Act or applicable state securities laws [5] Group 3 - Netcapital Inc. is a fintech company that provides a platform for private companies to raise capital online and offers private equity investment opportunities to investors [7] - The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies [7] - The company's funding portal and broker-dealer are both registered with the SEC and are members of FINRA [7]
Gunnison Copper Announces $5 Million Listed Issuer Financing Exemption (LIFE) Private Placement
Newsfile· 2025-07-07 23:30
Core Viewpoint - Gunnison Copper Corp. is conducting a non-brokered private placement to raise up to C$5 million through the sale of units, aimed at funding various projects and operational expenses [1][3]. Group 1: Offering Details - The private placement will consist of up to 16,666,700 units priced at C$0.30 (US$0.23) per unit, each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.45 for a period of 36 months following the issue date [2]. Group 2: Use of Proceeds - The net proceeds will be allocated to the High Value Add Work Program at the Gunnison Copper Project, long lead time drilling, metallurgical testing for a pre-feasibility study, and general administrative expenses for the US head office for an additional 12 months [3]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106 and will be available to purchasers in all Canadian provinces except Québec, as well as offshore jurisdictions and the United States under certain exemptions [4][5]. Group 4: Company Overview - Gunnison Copper Corp. is a copper developer and producer operating in the Southern Arizona Copper Belt, controlling the Cochise Mining District with 12 known deposits [10]. - The flagship Gunnison Copper Project has a measured and indicated mineral resource of over 831 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicating an NPV of $1.3 billion and an IRR of 20.9% [12]. Group 5: Future Production - The Johnson Camp Asset, under construction, is expected to produce up to 25 million lbs of finished copper cathode annually, fully funded by Nuton LLC, a Rio Tinto Venture [14].
Netcapital Announces Closing of Up To $9.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-07 20:05
Group 1 - The company, Netcapital Inc., closed a registered direct offering for the purchase and sale of 714,286 shares of common stock at a price of $7.00 per share, generating approximately $5 million in gross proceeds [1][3] - In a concurrent private placement, the company issued unregistered short-term warrants to purchase up to 714,286 shares at an exercise price of $6.88 per share, potentially adding up to $4.9 million in gross proceeds if fully exercised [1][3] - The net proceeds from the offering will be used for the repayment of certain outstanding promissory notes and for general working capital purposes [3] Group 2 - H.C. Wainwright & Co. acted as the exclusive placement agent for the offering [2] - The common stock was offered under a "shelf" registration statement that was declared effective by the SEC on October 26, 2022 [4] - The unregistered short-term warrants were offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Securities Act or applicable state securities laws [5] Group 3 - Netcapital Inc. is a fintech company that provides a scalable technology platform for private companies to raise capital online and offers private equity investment opportunities to investors [7] - The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies [7] - The company's funding portal is registered with the SEC and is a member of FINRA, and its broker-dealer is also registered with the SEC and a member of FINRA [7]
Actelis Networks Announces Private Placement Priced At-the-Market under Nasdaq Rules
Globenewswire· 2025-07-01 12:00
Core Viewpoint - Actelis Networks, Inc. has announced a private placement for the issuance and sale of common stock and warrants, aiming to raise approximately $1 million in gross proceeds, with potential additional proceeds of about $3 million from the exercise of warrants [1][3]. Group 1: Offering Details - The company will issue 1,626,019 shares of common stock and Series A-3 and A-4 warrants, with a purchase price of $0.615 per share [1][2]. - The Series A-3 warrants will expire five years from shareholder approval, while the short-term Series A-4 warrants will expire eighteen months from the same approval [2]. - H.C. Wainwright & Co. is acting as the exclusive placement agent for this offering [2]. Group 2: Financial Implications - The expected gross proceeds from the offering are approximately $1 million, before deducting fees and expenses [3]. - If fully exercised, the warrants could provide an additional gross proceeds of around $3 million [3]. - The net proceeds from the offering will be used as working capital for general corporate purposes [3]. Group 3: Regulatory Information - The securities are offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and have not been registered under the Act [4]. - The offering is limited to accredited investors, and the company has agreed to file registration statements with the SEC for the resale of unregistered securities [4]. Group 4: Company Overview - Actelis Networks, Inc. is a leader in hybrid fiber-copper networking solutions for IoT applications, providing fiber-grade performance with cost efficiency [6]. - The company focuses on cyber-hardened networking solutions and offers AI-based cyber monitoring and protection for edge devices [6].