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New Found Gold Announces Closing of $20 Million Investment by Eric Sprott
Prnewswire· 2025-08-27 13:02
Core Viewpoint - New Found Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of C$20,000,000.57 through the issuance of 12,269,939 common shares, with a hold period until December 27, 2025 [1][2]. Group 1: Private Placement Details - The private placement involved Mr. Eric Sprott acquiring 12,269,939 common shares for a total consideration of C$20,000,000.57, increasing his ownership from approximately 19.0% to 23.1% of the outstanding shares on a non-diluted basis [2]. - The gross proceeds from the private placement will be allocated to advance the 100% owned Queensway Gold Project and for general corporate and working capital purposes [6]. - No finder's fees were paid in connection with the completion of the private placement [5]. Group 2: Management and Strategic Outlook - Keith Boyle, CEO of New Found Gold, expressed gratitude for Mr. Sprott's continued support, highlighting that his participation reflects confidence in the project and the new leadership team [7]. - The company has a new management team and is focused on growth and value creation at the Queensway project, which covers a significant area of 175,450 hectares with ongoing drilling yielding new discoveries [9][11]. - Mr. Sprott's participation in the private placement is considered a "related party transaction," and the company relied on exemptions from certain approval requirements under Multilateral Instrument 61-101 [7].
Skyline Builders Group Holding Ltd. Announces $17.775 Million Private Placement
Globenewswire· 2025-08-27 12:45
Core Viewpoint - Skyline Builders Group Holding Limited has announced a definitive securities purchase agreement for the issuance and sale of up to 24,349,315 Class A Ordinary Shares and prefunded warrants, aiming to raise approximately $17,775,000 before fees and expenses [1][3]. Group 1: Offering Details - The offering price is set at $0.73 per share, with each prefunded warrant allowing the holder to acquire one Ordinary Share at an exercise price of $0.0001 per share [2]. - The A Warrants are immediately exercisable at an exercise price of $0.60 per share for five years, while the B Warrants are also immediately exercisable at $0.65 per share for the same period [2]. - The private placement is expected to close on August 27, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - Approximately $7,000,000 of the proceeds will be used to retire 18,500,000 Class A Ordinary Shares owned by Supreme Development (BVI) Holdings Limited, which is beneficially owned by the Company's CEO [3]. - The remaining proceeds will be allocated for general working capital and other corporate purposes [3]. Group 3: Company Overview - Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor in Hong Kong, focusing on civil engineering services, particularly in roads and drainage [7]. - The company primarily undertakes public civil engineering works as a subcontractor but is also qualified to act as a main contractor [7]. - Its projects include infrastructure developments in the public sector and residential and commercial developments in the private sector [7].
Critical One Closes CDN$3 Million Private Placement
Globenewswire· 2025-08-27 12:25
Core Viewpoint - Critical One Energy Inc. has successfully closed an oversubscribed non-brokered financing, raising a total of CDN$3,001,199.40 by issuing 5,001,999 units at CDN$0.60 per unit [1][2]. Financing Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at CDN$1.00 for eighteen months [2]. - A director participated in the financing, acquiring 100,000 units for a total of CDN$60,000, which is classified as a related party transaction [2][3]. - The company has relied on exemptions from certain valuation and minority approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [3]. Use of Proceeds - The proceeds from the private placement are intended for exploration activities at the Howells Lake Antimony-Gold Project and for general administrative expenses [5]. Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, aiming to meet the rising global demand for these resources [6]. - The company is strategically positioned with a portfolio that includes antimony-gold exploration in Canada and uranium interests in Namibia [6].
Sonoro GOLD Announces increase in Private Placement
Globenewswire· 2025-08-27 12:00
Core Points - Sonoro Gold Corp. is increasing its non-brokered private placement to 10,000,000 units for gross proceeds of CAD $1,500,000 in response to investor demand [1][2] - Each unit is priced at $0.15 and consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at CAD $0.22 for two years [2] - The net proceeds will be allocated to the ongoing development of the Cerro Caliche gold project in Sonora, Mexico, as well as for working capital [4] 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 [5] - The company has a highly experienced operational and management team with a proven track record in discovering and developing natural resource deposits [5]
Immuneering Announces Closing of $25 Million Private Placement
Globenewswire· 2025-08-26 20:05
Core Viewpoint - Immuneering Corporation has successfully closed a private placement, raising approximately $25 million from institutional and accredited investors, aimed at advancing its oncology drug development efforts [1][2]. Group 1: Private Placement Details - The private placement involved the sale of 6,329,113 unregistered shares of Class A common stock at a price of $3.95 per share, along with purchase warrants for an additional 2,848,096 shares at an exercise price of $5.50 per share [2]. - The pre-funded warrants were issued at a price of $3.949 per share, reflecting the common stock price minus a nominal exercise price [2]. - Investors received registration rights as part of the transaction, and the purchase warrants are exercisable for five years post-registration [2]. Group 2: Company Overview - Immuneering is a clinical-stage oncology company focused on developing Deep Cyclic Inhibitors, with its lead product candidate, atebimetinib (IMM-1-104), currently in a Phase 2a trial for advanced solid tumors, including pancreatic cancer [5]. - The company aims to improve the durability and tolerability of cancer treatments and expand indications for MAPK pathway-driven tumors [5].
Emerita Announces Closing of C$25M Brokered Private Placement and C$1.09M Concurrent Non-Brokered Private Placement
Globenewswire· 2025-08-26 13:34
Core Viewpoint - Emerita Resources Corp. has successfully closed a brokered private placement and a concurrent non-brokered private placement, raising a total of approximately C$26 million for exploration and development activities in Spain [2][3][7]. Group 1: Offering Details - The brokered private placement involved the issuance of 23,809,500 units at a price of C$1.05 per unit, resulting in gross proceeds of C$24,999,975 [2]. - The non-brokered private placement issued 1,040,000 units at the same offering price, generating gross proceeds of C$1,092,000 [3]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of an additional common share at C$1.30 until August 26, 2027 [4]. Group 2: Financial Arrangements - The agents involved in the brokered offering received a cash commission of C$1,727,213.25 and 1,644,965 non-transferable compensation options [5]. - The securities from the brokered offering are not subject to a statutory hold period, while those from the non-brokered offering will have a hold period of four months and a day [6]. Group 3: Use of Proceeds - The net proceeds from the offerings will be allocated towards exploration and development of the company's mineral properties in Spain, as well as for general corporate and working capital purposes [7]. Group 4: Company Overview - 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 [10].
Izotropic Announces Non-Brokered Private Placement & Extends Warrants
Newsfile· 2025-08-26 12:00
Izotropic Announces Non-Brokered Private Placement & Extends WarrantsAugust 26, 2025 8:00 AM EDT | Source: Izotropic CorporationVancouver, British Columbia and Sacramento, California--(Newsfile Corp. - August 26, 2025) - Izotropic Corporation (CSE: IZO) (OTCQB: IZOZF) (FSE: 1R3) ("Izotropic", or the "Company"), a medical device company commercializing innovative, emerging technologies and imaging-based products for the more accurate screening, diagnoses, and treatment of breast cancers, announ ...
Excellon Announces Brokered Private Placement of Common Shares for Gross Proceeds of up to C$8 Million
Newsfile· 2025-08-26 11:56
Core Viewpoint - Excellon Resources Inc. has announced a brokered private placement of common shares, aiming to raise gross proceeds of up to C$8 million through the sale of up to 40 million shares at a price of C$0.20 per share [1][2]. Group 1: Offering Details - The offering includes an option for agents to sell an additional 5 million shares, potentially raising an extra C$1 million [2]. - The net proceeds from the offering will be utilized for the development of the Mallay Mine, working capital, and general corporate purposes [2]. - The offering is expected to close around September 9, 2025, subject to regulatory approvals [5]. Group 2: Regulatory Compliance - The shares will be offered to purchasers in all Canadian provinces except Québec, under the "listed issuer financing exemption" [3]. - The shares may also be offered in the United States and other jurisdictions through private placements, adhering to applicable laws [3]. Group 3: Company Overview - Excellon Resources Inc. focuses on acquiring and advancing quality precious and base metal assets, with a particular emphasis on the potential restart of the Mallay Silver Mine in Peru [8]. - The company also holds exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru, Kilgore in Idaho, and Silver City in Germany, providing additional growth opportunities [8].
Armory Mining Closes Oversubscribed Private Placement
Thenewswire· 2025-08-25 21:05
Core Points - Armory Mining Corp. has successfully closed an oversubscribed non-brokered private placement offering, raising a total of $803,000 by issuing 16,060,000 units at a price of $0.05 per unit [1][4] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.065 until August 25, 2028 [2] - The company paid cash finder's fees of $54,350 and issued 1,028,000 finder's warrants, which are also exercisable at $0.065 until August 25, 2028 [3] - Additionally, 1,300,000 common shares were issued to an advisor for financial advisory and consulting services related to the offering [3] Group 2: Use of Proceeds - The proceeds from the offering are intended for working capital and general corporate purposes [4] Group 3: Company Overview - Armory Mining Corp. is focused on minerals critical to the energy, security, and defense sectors, controlling an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [5]
GOAT Industries Announces Upsizing Of Private Placement To $6 Million
Thenewswire· 2025-08-25 19:55
Core Viewpoint - GOAT Industries Ltd. is increasing its non-brokered private placement offering to a total of up to $6,000,000, with a minimum raise of $2,000,000 [1][2]. Group 1: Offering Details - The offering will consist of up to 20,000,000 Units priced at $0.30 per Unit, with each Unit comprising one common share and one-half of a common share purchase warrant [2]. - Each Warrant allows the holder to purchase one additional Share at a price of $0.45 for a period of two years from issuance [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to fund the acquisition of 1509467 B.C. Ltd. and Vroom, Inc. (collectively referred to as "BETSource"), to expand BETSource's business, for future investments, and for general corporate and administrative purposes [3]. Group 3: Regulatory Information - All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance [4]. - Finder's fees may be applicable to eligible finders in accordance with the policies of the Canadian Securities Exchange [4]. Group 4: Company Overview - GOAT Industries Ltd. is an investment issuer focused on investing in high-potential companies across various industries, aiming to generate maximum returns from its investments [5].