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Sparton Announces Private Placement Offering of up to C$500,000 For its Critical Metals Exploration Programs
Globenewswire· 2025-10-30 11:30
Core Viewpoint - Sparton Resources Inc. is initiating a non-brokered private placement to raise gross proceeds of up to C$500,000 for exploration of its Critical Metals projects in Ontario and Quebec [1][4]. Group 1: Offering Details - The Offering will consist of Units, including Quebec Flow Through Shares (QFTS), Federal Flow Through Shares (FFTS), Non-Flow Through Shares (NFTS), and Share Purchase Warrants (SPW) [2]. - NFTS units will be priced at C$0.03, comprising one common share and one SPW, allowing the purchase of an additional common share at C$0.05 for 24 months [3]. - FTS units will be offered at C$0.035, consisting of one common share and a half SPW, with the full SPW allowing the purchase of a common share at C$0.08 for 12 months [4]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to exploration activities for Critical Metals projects, including the Pense-Montreuil polymetallic metals project [4]. - The gross proceeds from FTS will be used to incur Canadian exploration expenses, which will be renounced to purchasers by December 31, 2025 [5]. Group 3: Regulatory and Compliance - The closing of the Offering is contingent upon receiving necessary regulatory approvals from the TSX Venture Exchange [6]. - The securities offered will not be registered under the U.S. Securities Act and cannot be sold in the United States without proper registration or exemption [7].
Plaid Closes the First Tranche of Non-Brokered Private Placement
Thenewswire· 2025-10-24 21:05
Core Points - Plaid Technologies Inc. has successfully closed the first tranche of its non-brokered private placement, issuing 680,800 common shares at a price of $1.25 per share, resulting in gross proceeds of $851,000 [1][2] Group 1: Offering Details - The first tranche of the Offering does not involve any finder's fees and is subject to a statutory hold period of four months and one day, expiring on February 25, 2026 [2] - The Company plans to complete the remaining balance of the Offering in the near future [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to supplement previously disclosed funding needs, providing additional working capital and extending the runway for technology development, sales, marketing, and potential graphene inventory purchases [3] Group 3: Company Overview - Plaid Technologies focuses on developing and commercializing graphene-enhanced technology, particularly a proprietary graphene-infused concrete mixture aimed at wellbore cement and subsurface applications [5]
Rivalry Announces Closing of Private Placement and Debt Restructuring
Globenewswire· 2025-10-24 20:30
Core Points - Rivalry Corp. has successfully closed the third tranche of its non-brokered private placement, issuing 29,937,930 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,496,896.50 [1] - The company has also completed a debt restructuring agreement with its senior lender, which involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 units [2][3] - The restructuring has resulted in the senior lender becoming a "control person" of the company, with shareholder approval obtained for this change [4] - The CEO of Rivalry stated that the completion of these transactions marks a significant milestone for the company, enhancing its balance sheet and positioning it for future growth [5] Private Placement - The third tranche of the private placement involved the issuance of 29,937,930 units at C$0.05 per unit, generating gross proceeds of C$1,496,896.50 [1] - Each unit consists of one subordinate voting share and one purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The net proceeds from this placement will be used for corporate development and general working capital [1] Debt Restructuring - The debt restructuring involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 debt settlement units at the same offering price [3] - The remaining indebtedness under the secured debenture is C$8,480,000, which has been amended to allow conversion into shares at a price of C$0.10, with a maturity date extended to November 14, 2028 [3] - No interest will be payable on the secured debenture until December 31, 2026 [3] Control Person Status - Following the debt restructuring, the senior lender has become a control person of Rivalry, necessitating shareholder approval which was obtained from over 50% of voting rights [4] Company Overview - Rivalry Corp. operates as a leading sportsbook and iGaming operator, focusing on digital-first players and offering regulated online wagering on esports and traditional sports [7][8] - The company has a global presence, operating in over 20 countries and holding licenses in premier jurisdictions such as the Isle of Man and Ontario [7]
Q Precious & Battery Metals Corp. Announces Closing of First Tranche of Private Placement for $886,000
Newsfile· 2025-10-24 11:00
Core Points - Q Precious & Battery Metals Corp. has closed the first tranche of its private placement offering, raising a total of $486,000 from the issuance of flow-through units and $399,999.96 from flow-through shares [1][2][3] Group 1: Offering Details - The company issued 5,400,000 flow-through units at a price of $0.09 per unit, resulting in gross proceeds of $486,000. Each unit includes one flow-through common share and one half of a share purchase warrant [2] - Additionally, 4,444,444 flow-through shares were issued at the same price of $0.09, generating gross proceeds of $399,999.96 [3] - Finder's fees will be paid to eligible finders, which may include up to 10% in cash, finder's warrants equal to 5% of the units or shares sold, and compensation shares equal to 4% of the units or shares sold [3] Group 2: Use of Proceeds - The proceeds from the offerings will be allocated to fund mineral exploration activities [4] Group 3: Regulatory and Compliance - The offering is subject to approval from the Canadian Securities Exchange, and the securities issued will be under a statutory hold period of four months and one day from the issuance date [4]
Zonetail Announces Closing Private Placement of Shares
Thenewswire· 2025-10-23 20:20
Core Viewpoint - Zonetail Inc. has successfully closed the first tranche of a non-brokered private placement, raising $236,500 out of a targeted $1,000,000 at a price of $0.02 per share, with an extension of the offering until November 22, 2025 [1][2]. Group 1: Financial Details - The offering aims to raise up to $1,000,000, with $236,500 already closed [1]. - The proceeds will be allocated as follows: 22% for Non-Arm's length salaries, 36% for technology additions, 7% for arm's length salaries, 15% for sales and marketing, and 17% for administration [3]. Group 2: Regulatory and Compliance Information - A portion of the offering may be allocated to accredited investors or other exemptions under National Instrument 45-106 [4]. - The securities offered are not registered under the United States Securities Act of 1933 and cannot be sold in the U.S. without registration or an applicable exemption [6]. Group 3: Company Overview - Zonetail Inc. operates a mobile platform designed to connect high-rise residents with products, amenities, and services, aiming to optimize home management [8].
Bullion Gold Engages Independent Trading Group as Market Maker, Announces Private Placement.
Newsfile· 2025-10-21 21:41
Core Points - Bullion Gold Resources has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity and maintain a reasonable market for its shares [1][2] - The company is undertaking a non-brokered private placement at a price of CAD$0.07 per unit, aiming for minimum gross proceeds of CAD$200,000 [3][4] - The net proceeds from the private placement will be used for working capital and investor relations activities [4] Company Overview - Bullion Gold Resources is a junior exploration company focused on mining in Quebec, particularly in the Abitibi and James Bay regions [5] - The company holds a 100% interest in several projects, including Bousquet, Cadillac-Extension, and Bodo, with the Bousquet project optioned to Olympio Metals [5] - The Cadillac-Extension project is a VMS project ready for drilling, while the Bodo project is in early-stage exploration with indications of critical minerals [5] Market-Making Agreement - ITG will receive CAD$5,000 per month for its services, with the agreement initially set for one month and renewable monthly [2] - The agreement can be terminated by either party with 30 days' notice, and ITG will not receive shares or options as compensation [2] Private Placement Details - Each unit in the private placement consists of one common share and one warrant, allowing the purchase of an additional share at CAD$0.12 for 12 months [3] - All securities issued will be subject to a four-month hold period from the issuance date [4]
Onco-Innovations Announces Private Placement
Accessnewswire· 2025-10-15 00:00
Core Viewpoint - Onco-Innovations Limited plans to conduct a non-brokered private placement to raise up to $2,000,000 through the issuance of units priced at $1.40 each [1] Group 1: Private Placement Details - The private placement will consist of up to 1,428,572 units, with each unit comprising one common share and one-half of a common share purchase warrant [1] - Each whole warrant will allow the holder to purchase one common share at an exercise price of $2.00 for a period of thirty-six months [1]
PyroGenesis Comments on Recent Online Post
Globenewswire· 2025-10-12 17:17
Core Viewpoint - PyroGenesis Inc. has addressed an incorrect online post made by a board member regarding the company's ongoing private placement, clarifying that the information about oversubscription is inaccurate and should be disregarded [2][4][5]. Group 1: Private Placement Details - The company announced a non-brokered private placement on October 1, 2025, with a potential funding of approximately $5 million [4]. - A board member's post incorrectly stated that the private placement had been oversubscribed, bringing in between $7.5 million to $8.0 million [3]. - The company confirmed that the private placement is not officially oversubscribed at this time, and the first tranche is expected to be completed in the upcoming week [5]. Group 2: Corporate Governance and Disclosure - PyroGenesis emphasizes its commitment to timely disclosure and corporate governance, stating that corrective actions have been taken following the incident [5]. - The board of directors has reviewed the situation in full to ensure proper governance practices are upheld [5]. Group 3: Company Overview - PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions across various industries, including energy, defense, and heavy industry [6]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [6]. - PyroGenesis' shares are traded on multiple stock exchanges, including TSX, OTCQX, and Frankfurt [6].
Arizona Copper and Gold Inc. and Core Nickel Corp. Announce Launch of Brokered Financing of up to $10 Million
Newsfile· 2025-10-02 15:28
Core Viewpoint - Arizona Copper and Gold Inc. (ACG) is launching a brokered private placement of subscription receipts for gross proceeds of up to $10 million in connection with a proposed reverse takeover of Core Nickel Corp. [1][2] Offering Details - The Offering will be a best-efforts private placement at a price of $1.50 per Subscription Receipt, with an option for agents to offer an additional $1.5 million, potentially raising total gross proceeds to $11.5 million [2]. - Each Subscription Receipt will convert into one ACG Unit, consisting of one common share and one-half of one purchase warrant, upon satisfaction of certain conditions [3]. - The exercise price for each ACG Warrant is set at $2.00 per share, valid for two years from the Offering's closing date [3]. Financial Arrangements - ACG will pay agents a cash fee of 6.0% of the gross proceeds from the sale of Subscription Receipts, with half paid at closing and the remainder held in escrow [4]. - Agents will also receive broker warrants equal to 6.0% of the number of Subscription Receipts sold [6]. Closing Timeline - The Offering is expected to close around November 13, 2025, with proceeds held in escrow pending the satisfaction of release conditions [7]. Use of Proceeds - The net proceeds from the Offering are intended to fund exploration activities and for working capital and general corporate purposes by the Resulting Issuer [8]. Regulatory Compliance - The Subscription Receipts will be offered to investors in Canada, the United States under exemptions, and in other jurisdictions in compliance with applicable laws [9].
Rivalry Announces Private Placement and Restructuring of Outstanding Indebtedness, Concluding Its Strategic Review Process
Globenewswire· 2025-09-29 11:00
Core Viewpoint - Rivalry Corp. is completing a non-brokered private placement to raise up to C$5,520,000 and has entered into a debt settlement agreement to restructure its outstanding indebtedness, marking the conclusion of its strategic review process [1][9][10] Private Placement - The private placement involves issuing up to 110,400,000 units at a subscription price of C$0.05 per unit, with each unit consisting of one subordinate voting share and one warrant [2] - A strategic family office has committed to purchase 82,758,620 units for gross proceeds of C$4,137,931 as part of the initial subscription [2] - The first tranche of the private placement is expected to close around October 8, 2025, subject to necessary approvals [3] Use of Proceeds - Proceeds from the private placement will be utilized for corporate development and general working capital purposes [4] Debt Restructuring - The company has entered into a debt settlement agreement to restructure C$12,526,384.88 of its indebtedness through the issuance of 250,527,697 units at the offering price [6] - After the debt settlement, C$8,480,000 of principal amount will remain outstanding under the secured debenture, which will be convertible into shares at a price of $0.10 per share [6] - The maturity date of the secured debenture will be extended to November 14, 2028, with no interest payable until December 31, 2026 [6] Control Person Status - Following the debt restructuring, the senior lender will become a "control person" of the company, requiring shareholder approval, which has been obtained from holders of over 50% of voting rights [7] Conclusion of Strategic Review - The strategic review process initiated in April 2025 has concluded, positioning Rivalry for growth and sustained value creation [9][10]