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TDG Gold Announces Acquisition of Anyox Copper and C$25 Million Bought Deal Private Placement
Globenewswire· 2025-06-17 11:01
Core Viewpoint - TDG Gold Corp has entered into an amalgamation agreement with Anyox Copper Ltd to acquire the Anyox Copper project, enhancing its position in the mining sector of British Columbia [1][4] Transaction Details - The acquisition will be executed through a three-cornered amalgamation under the Business Corporations Act (British Columbia) [1] - The company has secured a bought deal private placement with BMO Capital Markets and Clarus Securities, raising C$25 million in gross proceeds to support the transaction [1][19] Strategic Positioning - The combination of Anyox Copper and TDG's existing projects provides exposure to precious metals and critical minerals in established mining districts [2] - Post-transaction, TDG will have over C$40 million in cash, enabling nearly year-round exploration activities [2] Management Changes - Paul Geddes, currently CEO of Anyox, will join TDG as Vice President of Corporate Development, focusing on operational excellence and growth [3][4] Exploration Plans - TDG's immediate priority is the Greater Shasta-Newberry project, with plans to resume exploration activities supported by the expanded treasury [5] - The Anyox project will allow for exploration at different times of the year, extending the exploration season across two mining districts [5] Board Changes - Michael Kosowan has been appointed as Chair of the Board, succeeding Stephen Quin, who will remain as a director [6] Share Consolidation - The company intends to seek shareholder approval for a five-for-one share consolidation to enhance its appeal to investors [7] Anyox Copper Project Overview - The Anyox project is located in British Columbia's 'Golden Triangle' and includes the historical Hidden Creek copper mine, which produced approximately 750 million pounds of copper from 1914 to 1935 [10][12] Financial Projections - The proceeds from the concurrent financing will be allocated to exploration activities, including C$8 million for the Greater Shasta-Newberry project and C$5 million for the Anyox project [23]
Perpetua Resources Announces Upsizing of Previously Announced Bought Deal Public Offering of Common Shares
Prnewswire· 2025-06-12 14:17
Core Viewpoint - Perpetua Resources Corp. has increased its bought deal financing due to excess demand, now issuing 24,622,000 common shares at US$13.20 per share, aiming for approximately US$325 million in gross proceeds [1][2]. Group 1: Offering Details - The underwriters have an option to purchase an additional 3,693,300 common shares, which could raise total gross proceeds to approximately US$374 million if fully exercised [2]. - The offering is expected to close around June 16, 2025, subject to customary conditions [3]. Group 2: Use of Proceeds - Proceeds from the offering and private placement will be used for the Stibnite Gold Project's equity requirements in conjunction with a US$2 billion project financing application submitted to the Export-Import Bank of the United States [3]. - Additional funds will support exploration activities, working capital, and general corporate purposes [3]. Group 3: Company Background - Perpetua Resources focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, with the Stibnite Gold Project being one of the highest-grade open-pit gold deposits in the U.S. [7]. - The project aims to restore an abandoned mine site and produce gold and antimony, which is critical for U.S. defense needs [7].
Western Star Resources Inc. Closes First Tranche of Private Placement
Globenewswire· 2025-06-11 22:11
Core Viewpoint - Western Star Resources Inc. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of CAD$394,400 through the issuance of 2,629,333 units at a price of $0.15 per unit [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one share purchase warrant, which can be exercised at an exercise price of $0.30 per share, expiring on June 11, 2027 [2]. - The warrants include an acceleration clause that allows the company to shorten the exercise period if the share price reaches CAD$0.40 for 10 consecutive trading days [2]. - A finder's fee of $5,500 in cash was paid to Ventum Financial Corp for this placement [2]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized to define high-priority drill targets at the Western Star Project, as well as for general working capital and market awareness [3]. Group 3: Consulting Agreement - The company has entered into a consulting services agreement with Capitaliz On It, a digital marketing agency, to enhance investor awareness and attract new investors [4]. - The agreement has an initial term of 3 months with a marketing budget of CAD$110,000, pending approval from the Canadian Securities Exchange [5]. - Services provided by Capitaliz will include developing a corporate marketing strategy and various digital marketing efforts [5]. Group 4: Company Overview - Western Star Resources Inc. is focused on mineral exploration and development, aiming to increase shareholder value through cost-effective exploration practices and partnerships [9]. - The company owns nine contiguous mineral claims totaling 2,797 hectares located in the Revelstoke mining division of British Columbia [9].
Winshear Gold Announces $500,000 Private Placement
Globenewswire· 2025-05-29 11:30
Core Points - Winshear Gold Corp. announced a non-brokered private placement of up to 8,333,333 Units at a price of $0.06 per Unit, aiming for gross proceeds of $500,000 [2] - Each Unit consists of one common share and one half of a common share purchase warrant, with full warrants allowing the purchase of one common share at $0.12 for 24 months [2] - The proceeds from the financing will be utilized to advance the Thunder Bay Gold Project and for general working capital [3] Company Information - Winshear Gold Corp. is a Canadian-based minerals exploration company [5] - The completion of the private placement is subject to approval from the TSX Venture Exchange, and all securities will have a hold period of four months and one day from issuance [4]