Private Placement
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PTX Metals Inc. Announces Final Closing of Private Placement
Newsfile· 2025-10-14 12:45
Core Points - PTX Metals Inc. has successfully closed the fourth and final tranche of its non-brokered private placement, raising a total of $413,389.98 in this tranche alone [1] - The total proceeds raised from the entire private placement amounted to $6,649,604.80, which included various types of units issued [1] - The company plans to utilize the proceeds from the hard dollar units for general corporate expenses and working capital [5] Summary by Category Financial Details - In the fourth tranche, PTX issued 529,185 flow-through units at $0.135 each, generating gross proceeds of $71,439.98 [1] - Additionally, 3,419,500 hard dollar units were issued at $0.10 each, resulting in gross proceeds of $341,950 [1] - The total amount raised from the issuance of charity flow-through units, flow-through units, and hard dollar units was significant, with 15,000,000 charity flow-through units and 30,000,000 hard dollar units included in the overall total [1] Finder's Fees and Warrants - The company paid $52,534.55 in finders fees and issued 966,251 finder warrants, allowing holders to purchase common shares at $0.14 for two years [2] - The finders warrants are subject to a statutory hold period of four months and one day [2] Use of Proceeds - Proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects in Ontario [6] - The company intends to incur qualifying expenditures by December 31, 2026, with renouncement to initial purchasers by December 31, 2025 [6] Insider Participation - Jean-David Moore, a director of the company, purchased 150,000 hard dollar units, which is classified as a related party transaction [7] - The company is relying on exemptions from valuation and minority approval requirements due to the limited impact of the insider's participation on the overall market capitalization [7] Company Overview - PTX Metals Inc. is focused on mineral exploration in northern Ontario, targeting strategic metals such as Copper, Gold, Nickel, and PGEs [8] - The company aims to advance its flagship projects, including the W2 Cu-Ni-PGE project and the Shining Tree Gold Project [9]
Atlas Salt Announces LIFE Private Placement Targeting Gross Proceeds of up to $8 Million
Globenewswire· 2025-10-14 11:18
Core Viewpoint - Atlas Salt Inc. has announced a private placement offering of up to 10,000,000 common shares at a price of $0.80 per share, aiming to raise gross proceeds of up to $8,000,000 [1][4] Group 1: Offering Details - The company has granted the agents an option to sell an additional 1,500,000 common shares for up to $1,200,000 in gross proceeds [2] - A cash commission of 6% of the gross proceeds will be paid to the agents, along with compensation options equal to 6% of the shares issued under the offering [3] - The minimum amount to be raised in the offering is set at $5,000,000 [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for civil engineering work related to the Great Atlantic Salt Project and for general corporate and working capital purposes [6] Group 3: Regulatory and Closing Information - The offering is expected to close on or about October 21, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7] - The offering will be available to purchasers in all Canadian provinces except Québec, and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [4][9] Group 4: Insider Participation - Certain insiders of the company are expected to participate in the offering, which will be considered a related party transaction [8]
Canter Resources Announces Closing of Non-Brokered Private Placement
Newsfile· 2025-10-10 20:30
Core Points - Canter Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $1,050,000 through the issuance of 5,250,000 units at a price of $0.20 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant exercisable at a price of $0.26 for two years [2] - The company plans to use the net proceeds to advance its Columbus Lithium-Boron Project and Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital [3] Company Overview - Canter Resources Corp. is a junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA [5] - The company is employing a phased drilling approach at Columbus to test brine targets for lithium-boron enrichment and aims to build a portfolio of high-quality projects to support technology and clean energy supply chains in North America [5] Insider Participation - Insiders of the company purchased 225,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]
Gunnison Copper Announces Private Placement for Gross Proceeds of up to C$15.0 Million
Newsfile· 2025-10-10 11:00
Core Viewpoint - Gunnison Copper Corp. is initiating a non-brokered private placement to raise gross proceeds of up to C$15 million through the sale of units priced at C$0.45 each, aimed at funding various operational activities and debt repayment [1][3]. Group 1: Offering Details - The private placement will consist of up to 33,333,333 units, each unit comprising one common share and one-half of a common share purchase warrant, with warrants priced at C$0.65 for a period of 36 months [1][2]. - The offering will include up to 24,858,878 units available under the Listed Issuer Financing Exemption, allowing for immediate trading under Canadian securities legislation [4]. - The remaining 8,474,455 units will be offered through private placements in Canada, the U.S., and other jurisdictions, subject to a four-month hold period in Canada [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling, metallurgical testing, permitting activities for the Gunnison Copper Project, general administrative expenses, partial debt repayment to Nebari, and general working capital [3]. Group 3: Company Overview - Gunnison Copper Corp. is a copper developer and producer controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits within an 8 km radius [10]. - The flagship Gunnison Copper Project has a measured and indicated mineral resource of over 831.6 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% [11]. - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [13].
Silicon Metals Corp. Announces Strategic Non-Flow-Through and Flow-Through Private Placements of up to $200,000
Newsfile· 2025-10-10 01:00
Core Viewpoint - Silicon Metals Corp. is planning to conduct two private placements, aiming to raise up to $200,000 in total, with $100,000 from a non-flow-through offering and $100,000 from a flow-through offering [1][2]. Offering Details - The Non-Flow-Through Offering will consist of up to 2,000,000 units priced at $0.05 each, including one common share and one half of a non-flow-through common share purchase warrant, with an exercise price of $0.06 for 24 months [3]. - The Flow-Through Offering will consist of approximately 1,428,571 units priced at $0.07 each, including one flow-through common share and one half of a non-flow-through common share purchase warrant, with an exercise price of $0.10 for 24 months [4]. Use of Proceeds - Proceeds from the Non-Flow-Through Offering will be used for general working capital, while proceeds from the Flow-Through Offering will be allocated to eligible exploration expenditures in British Columbia and Ontario [5]. Company Overview - Silicon Metals Corp. focuses on exploration and development in Canada, particularly in British Columbia and Ontario, with projects including the Maple Birch Project and the Ptarmigan Silica Project [9].
Hypercharge Announces Brokered LIFE Offering of Units for Gross Proceeds of up to $4 Million
Globenewswire· 2025-10-09 21:01
Core Viewpoint - Hypercharge Networks Corp. has announced a private placement offering to raise between $2 million and $4 million through the sale of units priced at $0.10 each, aimed at supporting general working capital and corporate purposes [1][5]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.12 for two years [2]. - The offering aims for minimum gross proceeds of $2 million from 20 million units and maximum gross proceeds of $4 million from 40 million units [1]. - The offering will be conducted under the "listed issuer financing exemption" in Canada and may also be available in the U.S. and other jurisdictions [3]. Group 2: Financial Terms - A cash commission of 6% of the gross proceeds will be paid to the agents, along with broker warrants equal to 6% of the units sold [6]. - The closing of the offering is expected around October 31, 2025, pending necessary regulatory approvals [7]. Group 3: Company Overview - Hypercharge Networks Corp. is a leading provider of smart electric vehicle charging solutions, focusing on accelerating EV adoption and supporting a carbon-neutral economy [9].
Bluejay Diagnostics Announces $4.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-10-09 19:15
Core Viewpoint - Bluejay Diagnostics, Inc. has announced a private placement of common stock and Series F warrants to raise approximately $4.5 million to fund FDA approval processes and other R&D activities [1][2]. Group 1: Offering Details - The company will sell 2,250,000 shares of common stock at a price of $2.00 per share, along with Series F warrants to purchase up to 4,500,000 additional shares at an exercise price of $1.75 [1]. - The Series F warrants will be exercisable immediately and will expire 5.5 years from the issuance date [1]. - The private placement is expected to close on or about October 10, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for obtaining FDA approval, including related clinical studies, as well as for general working capital and other research and development activities [2]. Group 3: Company Overview - Bluejay Diagnostics focuses on improving patient outcomes with its Symphony System, a rapid near-patient testing system for sepsis triage and disease monitoring [5]. - The company's first product candidate is an IL-6 Test for sepsis, designed to deliver results in approximately 20 minutes, aiding medical professionals in making timely treatment decisions [5].
Wilton Resources Inc. Announces Private Placement Financing
Newsfile· 2025-10-09 02:34
Core Viewpoint - Wilton Resources Inc. plans to issue units through a non-brokered private placement at a price of $0.35 per unit, aiming for gross proceeds of up to $850,000, primarily for corporate purposes and to acquire an international oil and gas property [1][4]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.45 for 12 months [2]. - The offering is subject to regulatory approvals, including from the TSX Venture Exchange (TSXV), and the offering price and exercise price may change [4]. - The common shares and warrants will have a statutory hold period of four months plus one day from the closing date [4]. Group 2: Insider Participation and Related Transactions - Certain insiders of the corporation may participate in the offering, which will be considered a related party transaction under Multilateral Instrument 61-101 [5]. - The corporation intends to rely on exemptions from formal valuation and minority approval requirements based on the fair market value of the offering not exceeding 25% of its market capitalization [5]. Group 3: Approval and Governance - The offering was unanimously approved by the corporation's board of directors [6].
Cartier Silver Announces $1.5 Million Brokered Private Placement Led by Centurion One Capital
Globenewswire· 2025-10-09 01:23
Core Viewpoint - Cartier Silver Corporation has announced a brokered private placement to raise up to $1,500,000 through the sale of up to 12,000,000 units at an issue price of $0.125 per unit, with proceeds aimed at drilling on the Los Chorrillos Project in Bolivia and for general working capital purposes [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one-half of a share purchase warrant, with each full warrant allowing the purchase of one share at $0.20 for 36 months [1]. - The Lead Agent will receive an 8% cash agency fee on the total proceeds and broker warrants equal to 8% of the units issued [1]. - The Offering may be increased by up to 1,800,000 units for additional proceeds of $225,000 [1]. Group 2: Regulatory and Closing Information - The Offering is expected to close around November 11, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [4]. - The securities issued will have a hold period of four months and one day from the closing date [4]. Group 3: Insider Participation - Certain 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 [5]. - Participation by insiders is expected to be exempt from formal valuation and minority shareholder approval requirements as their subscription value is not expected to exceed 25% of the Company's market capitalization [5]. Group 4: Company Overview - Cartier Silver is focused on exploring and developing silver property assets, including the Los Chorrillos Project in Bolivia, and holds significant iron ore resources and a gold property in Canada [8].
Lion One Announces $7 Million Sidecar Private Placement
Newsfile· 2025-10-09 00:52
Core Viewpoint - Lion One Metals Limited is initiating a non-brokered private placement to raise up to $7,000,000 in response to investor demand, in addition to a previously announced offering of $25,000,000 [1][3]. Group 1: Private Placement Details - The Sidecar Private Placement will consist of up to 21,875,000 units priced at $0.32 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant will allow the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [2]. - The Sidecar Private Placement is expected to close around October 21, 2025, following the anticipated closure of the second tranche of the LIFE Offering on or about October 15, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the Sidecar Private Placement will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility, and general working capital [4]. Group 3: Regulatory and Financial Conditions - The closing of the Sidecar Private Placement is subject to customary conditions, including approvals from the TSX Venture Exchange [5]. - The company may pay finders' fees of up to 8% of gross proceeds raised, which may include cash commissions and finder warrants [6]. Group 4: Company Overview - Lion One Metals is a Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and various mining facilities [9].