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SPOD Lithium Announces Closing of First Tranche of Private Placement
Newsfile· 2025-10-21 23:59
Core Points - SPOD Lithium Corp. has completed the first tranche of a non-brokered private placement, raising cumulative gross proceeds of $130,000 from the sale of 6,500,000 units at a price of $0.02 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.05 within 24 months [2] - The net proceeds from the offering will be used for general working capital purposes, with no insiders participating in the offering [3] Group 2: Securities and Regulations - All securities issued will be subject to a statutory hold period of four months and one day, along with resale restrictions under CSE policies [4] - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or an applicable exemption [5] Group 3: Company Overview - Spod Lithium Corp. is focused on exploring and developing lithium resources, with properties located in Quebec and Ontario, Canada [7]
Silicon Metals Corp. Closes Final Tranche of Its Strategic NFT and FT Unit Offerings for Aggregate Gross Proceeds of $200,000
Newsfile· 2025-10-21 22:45
Core Points - Silicon Metals Corp. has successfully closed the final tranche of its non-brokered private placements, raising a total of $200,000 [1] - The final tranche involved the issuance of 1,100,000 non-flow-through units at a price of $0.05 per unit, generating gross proceeds of $55,000 [2] - The proceeds from the sale will be utilized for general working capital purposes [3] Financial Details - Each non-flow-through unit consists of one common share and one half of a common share purchase warrant, with the whole warrant allowing the purchase of a common share at an exercise price of $0.06 for 24 months [2] - An accelerator provision is included in the terms of the warrants, allowing the company to accelerate the expiry date if the common shares close at $0.15 or higher for ten consecutive trading days [2] Company Overview - Silicon Metals Corp. is focused on exploration and development in Canada, particularly in British Columbia and Ontario [5] - The company holds a production permit for the Maple Birch Project, which has a capacity of 3,000 tonnes per year [5] - Additionally, the company has full rights to the Ptarmigan Silica Project and other exploration stage projects in British Columbia [5]
Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Newsfile· 2025-10-21 12:43
Core Viewpoint - Metals Creek Resources Corp. is planning a non-brokered private placement to raise funds for exploration activities, with a target closing date of November 20, 2025 [1]. Group 1: Private Placement Details - The company intends to issue up to 12,500,000 flow-through units at a price of $0.04 per unit, aiming for total proceeds of up to $500,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a non-flow through common share purchase warrant, with the whole warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 24 months [2]. - Additionally, the company plans to issue up to 14,285,714 non-flow through units at a price of $0.035 per unit, also targeting total proceeds of up to $500,000 [3]. - Each non-flow through unit will consist of one non-flow through common share and one non-flow through common share purchase warrant, with the warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 60 months [3]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project, ensuring that these expenses qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [5]. Group 3: Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, listed on the TSX Venture Exchange under the symbol "MEK" [6]. - The company has a 50% interest in the Ogden Gold Property, which includes the past-producing Naybob Gold mine, located near Timmins, Ontario [7].
Cerro de Pasco Resources Announces Private Placements of up to $15 Million
Globenewswire· 2025-10-21 01:12
Core Points - Cerro de Pasco Resources Inc. is conducting a private placement to raise up to $15 million by offering up to 31,250,000 units at a price of $0.48 per unit [1][3] - Each unit consists of one common share and one half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.68 for 24 months [2] - The proceeds will be used for advancing the Quiulacocha Tailings Project and for general corporate purposes [3] Financial Details - The offering is expected to close around November 6, 2025, subject to necessary approvals [6] - Agents will receive a cash fee of 6% of the gross proceeds and broker warrants equivalent to 6% of the offering [7] Company Overview - Cerro de Pasco Resources focuses on the El Metalurgista mining concession, which contains silver-rich mineral tailings and stockpiles from over a century of mining operations [9] - The company aims to reprocess mining waste and engage in environmental remediation, contributing to a circular economy [9]
VR Resources Announces $1.5M Brokered Private Placement Led by Centurion One Capital, Concurrent Share Consolidation, Management Change, and Start-Up of Drill Planning for its New Boston Tungsten-Molybdenum-Copper-Silver porphyry project in Nevada
Globenewswire· 2025-10-20 23:09
Core Points - VR Resources Limited has entered into an agreement with Centurion One Capital Corp. for a brokered private placement aiming to raise up to $1.5 million through the sale of up to 15 million units at a post-Consolidation issue price of $0.10 per unit [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at a price of $0.16 for 36 months [1] - The proceeds from the offering will be allocated for exploration at the New Boston tungsten-moly-copper-silver project and Bonita copper-gold project in Nevada, as well as for general working capital [2] Offering Details - Insiders of the Company and the Lead Agent may acquire up to approximately 50% of the offering, which will be considered a related party transaction [3] - A commission of 8% will be payable to the Lead Agent on the cash proceeds, along with broker warrants equal to 8% of the units issued [4] - The offering is expected to close around November 14, 2025, subject to necessary approvals and the completion of a share consolidation [5] Share Consolidation - The Company will undergo a consolidation of its shares at a ratio of five pre-consolidation shares to one post-consolidation share, pending approval from the Exchange [8] - Following the consolidation, the Company is expected to have approximately 26,688,695 shares outstanding, excluding shares from the offering [9] - The issue price and exercise price reflect the post-consolidation basis [10] Management Change - Justin Daley has resigned as CEO and President, effective October 20, 2025, with Dr. Michael H. Gunning appointed as the new President and CEO [12]
SPOD Lithium Announces Upsizing of its Private Placement
Newsfile· 2025-10-20 21:25
Core Points - SPOD Lithium Corp. intends to upsize its private placement offering to 25,000,000 units at a price of $0.02 per unit, aiming for gross proceeds of up to $500,000 [1][3] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.05 within 24 months [2] - The net proceeds from the offering will be used for general working capital purposes [3] - The offering will be made to qualified purchasers under exemptions from prospectus and registration requirements [3] Group 2: Related Party Transactions - Directors and officers of the company may participate in the offering, which is classified as a related party transaction under MI 61-101 [3] Group 3: Regulatory and Compliance Information - The company may pay finders' fees to eligible finders, subject to compliance with securities laws and CSE policies [4] - All securities issued will be subject to a statutory hold period of four months and one day from issuance [4] - The offering has not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or exemption [5] Group 4: Company Overview - SPOD Lithium Corp. is focused on lithium resource exploration and development, with properties located in Quebec and Ontario, Canada [7]
Terra Clean Announces Life Offering
Thenewswire· 2025-10-20 20:05
Core Viewpoint - Terra Clean Energy Corp. is initiating a non-brokered private placement to raise funds for various corporate purposes, including the purchase of Utah claims and future exploration costs [1][2]. Group 1: Offering Details - The private placement will consist of a minimum of 10,000,000 units and up to 19,520,350 units, priced at C$0.14 per unit, aiming for gross proceeds of C$1,400,000 to C$2,732,849 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1]. - The offering is expected to close around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canadian provinces and territories, excluding Quebec, without a hold period under Canadian securities laws [3]. - An offering document is available on SEDAR+ and the company's website for prospective investors [3]. Group 4: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].
TERRA CLEAN ANNOUNCES LIFE OFFERING
Globenewswire· 2025-10-20 20:05
Core Viewpoint - Terra Clean Energy Corp. is conducting a non-brokered private placement to raise between C$1,400,000 and C$2,732,849 by issuing units at C$0.14 each, with each unit consisting of one common share and one-half warrant [1][2]. Group 1: Offering Details - The offering will consist of a minimum of 10,000,000 units and up to 19,520,350 units, with each warrant allowing the purchase of one common share at C$0.17 for 36 months post-offering [1][2]. - The expected closing date for the offering is around November 4, 2025, pending regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the purchase price of Utah claims, future exploration and development costs, and general working capital [2]. Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106, allowing units to be sold in Canada (excluding Quebec) and other qualifying jurisdictions without a hold period [3]. Group 4: Finder's Fee - The company may pay a finder's fee of up to 7% of the aggregate proceeds in cash and non-transferrable finder warrants [4]. Group 5: Company Overview - Terra Clean Energy Corp. is focused on uranium exploration and development, currently working on the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium [6].
Zentek Announces Upsizing of Non-Brokered Private Placement to up to $2,500,000
Newsfile· 2025-10-20 14:30
Core Points - Zentek Ltd. has announced an increase in its non-brokered private placement to a total of up to $2,500,000, allowing for the issuance of up to 2,358,490 Units at a price of $1.06 per Unit [1] - The proceeds from the Offering will be utilized for working capital and general corporate purposes [1] Summary by Sections Offering Details - Each Unit consists of one Common Share, one-half of a Series A Warrant, and one-half of a Series B Warrant [2] - Series A Warrants allow the purchase of one Common Share at $1.50 for 24 months, with potential acceleration if the share price reaches $2.00 for 10 consecutive trading days [3] - Series B Warrants allow the purchase of one Common Share at $2.00 for 36 months, with potential acceleration if the share price reaches $3.00 for 10 consecutive trading days [4] Regulatory and Compliance - The closing of the Offering is subject to necessary corporate and regulatory approvals, including TSXV approval [5] - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [5] Company Overview - Zentek is an ISO 13485:2016 certified intellectual property technology company focused on the research, development, and commercialization of innovative products [7] - The company's patented technology platform, ZenGUARD™, enhances viral filtration efficiency for surgical masks and HVAC systems [8] - Zentek holds a global exclusive license to an Aptamer-based platform technology developed by McMaster University for diagnostic and therapeutic markets [10]
Herbal Dispatch Announces Closing of Oversubscribed Equity Private Placement
Thenewswire· 2025-10-20 12:30
Core Viewpoint - Herbal Dispatch Inc. has successfully closed an oversubscribed non-brokered private placement, raising CAD$2,078,211 through the sale of 41,564,220 units at CAD$0.05 per unit, indicating strong investor confidence in the company's growth potential [1][4]. Group 1: Private Placement Details - The private placement consisted of units that included one common share and one-half common share purchase warrant, with each full warrant exercisable at CAD$0.08 for 24 months [2]. - The company incurred finder's fees totaling CAD$103,495 in cash and issued 599,900 warrants to qualified finders who introduced investors [5]. - Insiders participated in the private placement, subscribing for 6,814,420 units, which represents approximately 16.39% of the total units sold [6][7]. Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated to enhance operational resilience, including investments in premium inventory for export sales, strengthening supplier relationships, and expanding domestic market presence [3]. - These strategic allocations aim to fortify the balance sheet and position the company for scalable profitability and sustained value creation for shareholders [3]. Group 3: Regulatory and Approval Aspects - The private placement is classified as a related party transaction under Multilateral Instrument 61-101, requiring exemptions from formal valuation and minority shareholder approval due to the fair market value being below 25% of the company's market capitalization [8][9]. - The Board of Directors unanimously approved the private placement, with no contrary views expressed by any director [10].