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Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-19 19:55
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to Approximately $2.1 Million, with Participation by Eric SprottJune 19, 2025 3:55 PM EDT | Source: Goldstorm Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce that, due to strong investor demand, it intends to increase the size of the Company's previously announced non-brokered pri ...
Quantum Announces Non-Brokered Private Placement
Thenewswire· 2025-06-19 13:00
Core Viewpoint - Quantum Critical Metals Corp. plans to raise between $2,000,000 to $3,000,000 through a non-brokered private placement financing by selling 20,000,000 to 30,000,000 units at a price of $0.10 per unit, with each unit consisting of one common share and one warrant [1][2]. Group 1 - The net proceeds from the Offering will be used for continued exploration activities on the Company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. - The Offering is expected to close on or about June 30, 2025, and may be completed in one or more tranches, subject to TSX Venture Exchange approval and customary conditions for private placements [3]. - All securities issued will be subject to a statutory hold period of four months and one day from the date of issue [3]. Group 2 - The Company may pay a finder's fee to certain individuals who introduce purchasers to the Offering, in accordance with TSXV policies [4]. - Certain insiders are expected to participate in the Offering, which qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements [5]. Group 3 - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects, with a portfolio that includes various projects in Quebec and British Columbia [8].
Talon Metals Closes $41 Million Financing Comprised of $25 Million Brokered Private Placement and Concurrent $16 Million Non-Brokered Private Placement
Newsfile· 2025-06-18 13:14
Talon Metals Closes $41 Million Financing Comprised of $25 Million Brokered Private Placement and Concurrent $16 Million Non-Brokered Private PlacementJune 18, 2025 9:14 AM EDT | Source: Talon Metals Corp.Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - June 18, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") is pleased to announce that it has closed the previously announced "bought deal" private placement (the "LIFE Offering") of units of the Co ...
Sienna Resources Inc. Closes Private Placement
Newsfile· 2025-06-17 21:00
Core Points - Sienna Resources Inc. has successfully closed a non-brokered private placement under the Listed Issuer Financing Exemption, raising gross proceeds of $499,957.50 by selling 4,761,500 units at a price of $0.105 per unit [1] - Each unit consists of one common share and one transferable share purchase warrant, which can be exercised at a price of $0.14 for a period of 60 months [1] - The net proceeds will be allocated for general working capital and to fund exploration and development activities on existing projects [2] Financial Details - The company paid a cash finder's fee of $10,080.53 and issued 96,005 non-transferable finder's warrants, each exercisable at $0.14 for 24 months [2] - The financing is expected to provide the company with the necessary resources to initiate fieldwork and exploration activities during the summer [4] Project Focus - Sienna's immediate priority is the Stonesthrow Gold Project in Saskatchewan, covering approximately 31,718 contiguous acres [3] - The company is also evaluating its Case Lake lithium project in Ontario and its lithium assets in Nevada [3] Management Commentary - Jason Gigliotti, President of Sienna, emphasized the potential of the Stonesthrow Gold Project due to its strategic location and scale, indicating a phase of growth focused on active exploration and value creation [4]
TDG Gold Announces Acquisition of Anyox Copper and C$25 Million Bought Deal Private Placement
Globenewswire· 2025-06-17 11:01
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES WHITE ROCK, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- TDG Gold Corp (TSXV: TDG, OTCQX:TDGGF) (the “Company” or “TDG”) is pleased to announce that it has entered into an amalgamation agreement with Anyox Copper Ltd. (“Anyox”) which holds the former producing Anyox Copper project, located on the northwest coast of British Columbia, and a wholly-owned subsidiary of TDG (“Subco”), dated June 16, 2025 (the ...
Westhaven Announces Non-Brokered Private Placement With Eric Sprott and Earthlabs, for Gross Proceeds of $3.16 Million
Globenewswire· 2025-06-16 13:25
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce that the Company has arranged a non-brokered private placement (the “Offering”) for aggregate gross proceeds of $3,160,000 from the sale of 8,333,333 units of the Company (each, a “Unit”) at a price of $0.12 per Unit, and 12,500,000 flow-through units of the Company to be so ...
Chesapeake Gold Closes $4.4 Million Private Placement with Eric Sprott
Newsfile· 2025-06-13 22:00
Core Viewpoint - Chesapeake Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of $4,440,000 through the issuance of 3,700,000 units at a price of $1.20 per unit, with Eric Sprott as the sole investor [1][2][3]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one-half common share purchase warrant, with each warrant exercisable at $1.65 for three years [1][2]. - The net proceeds will be allocated to advancing the company's proprietary oxidative leach technology, ongoing exploration projects including the Lucy project, and general working capital [2]. Group 2: Investor Information - Eric Sprott, through 2176423 Ontario Ltd., acquired 3,700,000 units for a total consideration of $4,440,000, increasing his ownership from approximately 13.4% to 17.9% of the outstanding common shares on a non-diluted basis [3][4]. - After the private placement, Sprott holds 12,883,499 common shares and 1,850,000 warrants, representing 19.9% of the outstanding common shares on a partially diluted basis [4]. Group 3: Regulatory and Compliance - The participation of Eric Sprott in the private placement is classified as a "related party transaction" under TSX Venture Exchange policies, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [7]. - The securities issued are subject to a hold period expiring on October 14, 2025, and the private placement is pending final approval from the TSXV [8]. Group 4: Company Overview - Chesapeake Gold Corp.'s flagship asset is the Metates Project in Durango State, Mexico, which hosts one of the largest undeveloped gold-silver deposits in the Americas, with over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [12].
Bonterra Announces Upsize of Brokered Private Placement to $10.5 million
Globenewswire· 2025-06-13 21:11
Core Points - Bonterra Resources Inc. has increased the size of its brokered private placement due to strong market demand, now targeting gross proceeds of up to approximately $10,500,000 [1][4] - The offering includes three types of units: up to 22,727,272 "hard-dollar" units at $0.22 each, up to 14,583,333 "flow-through" units at C$0.24 each, and up to 6,557,377 "Premium flow-through" units at C$0.305 each [1][3] - The completion of the offering is expected on June 30, 2025, subject to customary conditions and necessary approvals [4] Use of Proceeds - The net proceeds from the offering will be used to fund ongoing operations for the next twelve months [5] - Proceeds from the sale of HD Units will be allocated for general corporate and administrative matters [6] - Gross proceeds from FT Units and Premium FT Units will be used to incur eligible "Canadian exploration expenses" as defined in the Income Tax Act (Canada) [6]
Western Uranium & Vanadium Closes Bought Deal Financing of CAD $5 Million
Globenewswire· 2025-06-13 20:30
Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately CAD $5,025,018 through the issuance of 5,911,786 units at CAD $0.85 per unit, each consisting of one common share and one warrant [1][2]. Group 1: Financing Details - The offering consisted of 5,911,786 units, with each unit priced at CAD $0.85, resulting in total gross proceeds of approximately CAD $5,025,018 [1]. - Each warrant is exercisable for one common share at a price of CAD $1.05 for a period of four years from issuance [1]. - The offering was conducted under exemptions from the registration requirements of the U.S. Securities Act and applicable Canadian securities laws, with no units issued to investors in Canada [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding production capabilities and mining at the Sunday Mine Complex, developing minerals processing facilities, and acquiring uranium/vanadium properties near existing production centers [2]. Group 3: Related Party Transactions - The CEO and President of Western, George Glasier, subscribed for 117,647 units in the offering, which is classified as a related-party transaction [4]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the size of Glasier's participation [4]. Group 4: Underwriting and Fees - Western entered into an underwriting agreement with A.G.P. Canada Investment ULC, which acted as the sole underwriter and bookrunner [5]. - The underwriter received a cash commission of 7% on the aggregate proceeds and 206,913 broker warrants, subject to a four-month hold [5]. Group 5: Company Overview - Western Uranium & Vanadium Corp. is focused on ramping up high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah [8].
Marimaca Copper Announces Closing of Second Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-13 20:05
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of approximate ...