Private Placement
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Magma Silver Announces Upsize of Private Placement to $5 Million
Newsfile· 2025-10-08 22:43
Core Viewpoint - Magma Silver Corp. has increased its non-brokered private placement from $4 million to $5 million due to strong investor demand, with the offering consisting of up to 33,333,334 units priced at $0.15 each [1][2]. Group 1: Offering Details - The offering will include units comprising one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.25 for 36 months post-closing [2]. - The anticipated closing date for the offering is around October 22, 2025, subject to regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration at the Niñobamba silver-gold project in Peru, as well as for working capital and general corporate purposes [2]. Group 3: Company Overview - Magma Silver Corp. focuses on acquiring, exploring, developing, and operating precious metal mining projects, with a primary emphasis on the Niñobamba project, which spans an 8 km mineralized corridor in a high-sulphidation epithermal system [6]. - The company has invested over C$14.5 million in the Niñobamba project to date, leveraging modern geological modeling and a strategic development plan [6].
Astra Exploration Announces Closing of C$6.25 Million Bought Deal Private Placement, Including Partial Exercise of the Underwriters' Option
Newsfile· 2025-10-08 15:03
Core Points - Astra Exploration Inc. has successfully closed a private placement of 10,080,690 common shares at a price of C$0.62 per share, raising gross proceeds of C$6,250,027.80 [1][2] - The net proceeds from the offering will be utilized for exploration expenditures on the La Manchuria project and for general working capital [3] - The offering was led by Cormark Securities Inc. as the lead underwriter, along with Beacon Securities Limited and Research Capital Corporation [2] Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on high-quality projects in key mining jurisdictions in Latin America [10] - The La Manchuria project in Santa Cruz, Argentina, is a high-grade gold and silver deposit where Astra has an option to acquire a 90% interest [11] - The company also owns the Pampa Paciencia project in northern Chile and the Cerro Bayo project, both of which are located in mineral-rich regions with significant geological similarities to other major deposits [12][13]
Eloro Resources Ltd. Announces Acquisition of Shares and Warrants of Cartier Silver Corporation
Globenewswire· 2025-10-08 00:13
Core Points - Eloro Resources Ltd. has acquired 4,800,000 units of Cartier Silver Corporation at a price of C$0.125 per unit, totaling C$600,000 [1] - Each unit consists of one common share and one half of a common share purchase warrant, with each full warrant allowing the purchase of an additional common share at C$0.20 for 36 months [1] - Prior to the acquisition, Eloro owned 2,333,000 common shares (4.97% of outstanding shares) and 600,000 warrants [2] - Post-acquisition, Eloro now holds 7,133,000 common shares (12.61% of outstanding shares) and 3,000,000 warrants, representing 17.01% on a partially diluted basis [2] - The acquisition is for investment purposes, with no current plans for further actions regarding the securities [3] Company Overview - Eloro Resources Ltd. is an exploration and mine development company with properties in Bolivia, Peru, and Quebec [6] - The company has an option to acquire a 100% interest in the Iska Iska project, a significant polymetallic epithermal-porphyry complex in Bolivia [6] - Eloro also owns an 82% interest in the La Victoria Gold/Silver Project located in Peru [6]
Lion One Announces Further Upsize of LIFE Offering for Gross Proceeds of up to $25 Million
Newsfile· 2025-10-07 23:50
Core Viewpoint - Lion One Metals Limited has increased the size of its non-brokered private placement offering, known as the LIFE Offering, from gross proceeds of $20 million to $25 million due to heightened investor demand [1][2]. Offering Details - The LIFE Offering will consist of up to 78,125,000 units priced at $0.32 per unit, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [1]. - The initial announcement of the LIFE Offering was made on September 9, 2025, and it has been upsized twice since then [2]. Tranche Information - The first tranche of the LIFE Offering closed on September 24, 2025, raising gross proceeds of $18,715,153 through the issuance of 58,484,853 units [2]. - An additional 984,375 units were issued in lieu of a cash finder's fee of $315,000 [2]. - The second tranche is expected to close around October 15, 2025, with the potential issuance of up to 18,655,772 units for additional gross proceeds of approximately $5,969,847.04 [3]. Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [5]. Regulatory and Compliance - The closing of the LIFE Offering is subject to customary conditions, including necessary approvals and compliance with TSX Venture Exchange listing conditions [6]. - The securities offered will not be subject to Canadian resale restrictions under applicable securities laws [6]. Finder's Fees - The company may pay finders' fees, which can include cash commissions of up to 7% of gross proceeds and finder warrants equal to 7% of the units sold [7].
Cartier Silver Announces Closing of $1.2 Million Financing
Globenewswire· 2025-10-07 23:08
Core Points - Cartier Silver Corporation has successfully closed a non-brokered private placement, issuing a total of 9,600,000 units at a price of C$0.125 per unit, raising total proceeds of C$1,200,000 [1][2] - Each unit consists of one common share and one half of a common share purchase warrant, with each full warrant allowing the purchase of an additional common share at C$0.20 for 36 months [1] - The company will use the net proceeds from the private placement to finance exploration at the Chorrillos Project in Bolivia and for working capital [2] Financial Details - Finder's fees of 7% were paid, totaling $42,000, which were compensated by issuing 336,000 units at a deemed price of $0.125 per unit [2] - All securities issued are subject to a statutory four-month hold period [3] Company Overview - Cartier Silver is focused on exploring and developing silver property assets, including the Chorrillos Project in Bolivia, and also holds significant iron ore resources and a gold property in Canada [5]
PTX Metals Inc. Announces Third Closing of Private Placement
Newsfile· 2025-10-07 11:58
Core Viewpoint - PTX Metals Inc. has successfully closed the third tranche of its non-brokered private placement, raising a total of $1,737,284.82, contributing to an overall total of $6,236,214.82 raised to date [1][2]. Group 1: Financial Details - The third tranche included the issuance of 9,666,667 charity flow-through units at $0.15 each, generating gross proceeds of $1,450,001.55 [1]. - Additionally, 2,073,333 hard dollar units were issued for gross proceeds of $207,333.30, and 592,222 flow-through units were sold at $0.135 each, raising $79,949.97 [1]. - The company paid $48,193.97 in finders fees and issued 701,022 finder warrants, allowing holders to purchase common shares at $0.14 for two years [2]. Group 2: Use of Proceeds - Proceeds from the hard dollar units will be allocated for general corporate expenses and working capital [5]. - Gross proceeds from the charity flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Ontario, with expenditures to be incurred by December 31, 2026 [6]. Group 3: Regulatory Compliance - The HD Units and CFT Units were issued under the Listed Issuer Financing Exemption, which allows the underlying securities to be free from hold periods under Canadian securities laws [3]. - The flow-through units are subject to a hold period of four months and one day following issuance [3]. Group 4: Company Overview - PTX Metals Inc. is focused on high-quality strategic metals assets in northern Ontario, including copper, gold, nickel, and PGEs [8]. - The company aims to advance its flagship projects, the W2 Cu-Ni-PGE and the Shining Tree Gold Project, located in mineral-rich regions [9].
EnviroGold Closes First Tranche of Non-Brokered Private Placement and Confirms Strong Momentum Toward Final Tranche
Globenewswire· 2025-10-07 11:00
Core Viewpoint - EnviroGold Global Limited has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of C$2,201,276 through the issuance of 24,458,626 units at a price of C$0.09 per unit, which reflects strong investor confidence in the company's technology and strategy [1][2][3]. Financing Details - The first tranche consists of units that include one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at C$0.13 for three years [2]. - The overall offering aims to raise C$5 million, with additional tranches already in progress [4][5]. - Proceeds from this tranche will be used to accelerate the company's technology platform and commercial roadmap, including debt reduction and general working capital [4][10]. Investor Participation - Certain directors subscribed for a total of 923,185 units, contributing gross proceeds of C$83,086.65, which is classified as a related party transaction [7]. - The company is relying on exemptions from minority shareholder approval and formal valuation requirements for this related party transaction [7]. Regulatory and Compliance - All securities issued in connection with the first tranche are subject to a statutory hold period of four months and one day, expiring on February 2, 2026 [6]. - The securities have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [8]. Company Overview - EnviroGold Global is focused on enabling the mining industry to monetize valuable metals from mine waste and tailings while reducing environmental liabilities [11]. - The company operates on a technology license fee model with low capital expenditure requirements, aiming to establish itself as a leading global technology company [11].
Goat Industries Announces Closing Of First Tranche Of Private Placement
Thenewswire· 2025-10-07 00:40
Core Points - GOAT Industries Ltd. has completed the first tranche of a non-brokered private placement, raising gross proceeds of C$2,019,199.80 through the sale of 6,730,666 units at C$0.30 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.45 for two years [2] - The net proceeds will be used for the acquisition of 1509467 B.C. Ltd. and Vroom, Inc. (collectively "BETSource"), to expand BETSource's business, for future investments, and for general corporate purposes [3] Financial Details - The company paid finder's fees totaling C$99,414.00 and issued 331,380 broker warrants, each allowing the acquisition of half a common share at C$0.45 for two years [4] - An insider acquired 66,666 units in settlement of management fees totaling C$10,020, which is classified as a related party transaction [4] Regulatory Information - All securities issued under the offering are subject to a statutory hold period of four months and one day from the date of issuance [5] - The company is exempt from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the securities issued did not exceed 25% of the company's market capitalization [4] Company Overview - GOAT Industries Ltd. is focused on investing in high-potential companies across various industries, aiming to generate maximum returns from its investments [6]
Eastfield Resources Ltd. Announces Closing of Private Placement
Thenewswire· 2025-10-06 22:50
Vancouver, BC, October 6, 2025 – TheNewswire - Eastfield Resources Ltd. (TSX-V: ETF) (“Eastfield” or the “Company “) announces that it has closed its previously announced non-brokered private placement for total proceeds of $1,000,000 (see news release dated August 25, 2025). The private placement consisted of the sale of 50,000,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additi ...
Vortex Metals Closes Upsized Non-Brokered Private Placement
Newsfile· 2025-10-06 22:14
Core Viewpoint - Vortex Metals Inc. has successfully closed a non-brokered private placement, raising a total of $700,000 through the issuance of 17,500,000 units at a price of $0.04 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one additional share at a price of $0.08 for 36 months [2]. - The company can accelerate the expiry date of the warrants if the trading price of the shares exceeds $0.15 for 10 consecutive trading days [2]. - No finders' fees were paid in connection with the offering [2]. Group 2: Use of Proceeds - Approximately 40% of the gross proceeds will be allocated to mining concession fees, another 40% to exploration fees, and the remaining 20% for general working capital [3]. Group 3: Related Party Transactions - Certain directors purchased a total of 2,200,000 units as part of the offering, which is classified as a related party transaction [4]. - The participation of these directors is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [4]. Group 4: Securities and Regulatory Information - All securities issued are subject to a hold period expiring on February 7, 2026, and are not registered under the United States Securities Act of 1933 [5][6]. - The offering is still subject to final acceptance from the TSX Venture Exchange [5]. Group 5: Company Overview - Vortex Metals Inc. focuses on copper-gold exploration and development, holding interests in projects in Chile and Mexico [7]. - The company has an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns 100% interest in two drill-ready properties in Mexico [7].