Private Placement
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IDEX Biometrics ASA - Fully Underwritten Private Placement successfully placed - 21 July 2025
Globenewswire· 2025-07-21 21:15
Core Viewpoint - IDEX Biometrics ASA has successfully completed a private placement, raising NOK 30 million through the issuance of new shares to support its commercialization efforts and general corporate purposes [3][11]. Group 1: Private Placement Details - The private placement involved the issuance of 9,090,909 Offer Shares at a subscription price of NOK 3.30 per share [3]. - The private placement is divided into two tranches: Tranche 1 consists of 4,731,594 Offer Shares, while Tranche 2 will include the remaining shares necessary to reach the total gross proceeds of NOK 30 million [5]. - The completion of Tranche 1 is expected to occur on or about 24 July 2025, while Tranche 2 is anticipated to settle on or about 18 August 2025 [10]. Group 2: Underwriters and Fees - Underwriters, including Altea AS and K-Konsult AS, have agreed to be allocated Offer Shares not applied for during the application period, with a total underwriting commitment of up to NOK 30 million [4]. - An underwriting fee of 5% will be paid to each underwriter in the form of 454,542 new shares, subject to approval by the extraordinary general meeting [4]. Group 3: Share Capital Changes - Following the completion of Tranche 1, the company's share capital will increase to NOK 52,095,850, divided into 52,095,850 shares [7]. - After the completion of both tranches and the issuance of underwriting shares, the total share capital will rise to NOK 56,909,707, divided into 56,909,707 shares [8]. Group 4: Compliance and Market Conditions - The Board has confirmed that the private placement complies with the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs regulations [11]. - The decision to conduct a private placement is based on current market conditions and growth opportunities, allowing the company to raise capital efficiently [11][12].
Millennial Potash announces $6M private placement to advance Banio project
Proactiveinvestors NA· 2025-07-21 14:11
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Sierra Madre Announces Upsize of Private Placement to $19.5 Million with Investment from Eric Sprott
Newsfile· 2025-07-21 13:26
Core Viewpoint - Sierra Madre Gold and Silver Ltd. is increasing its private placement offering to issue up to 27,858,000 units at a price of $0.70 per unit, aiming for gross proceeds of up to $19,500,600 [1][2]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and half a common share purchase warrant, with warrants allowing the purchase of additional shares at $0.85 for 12 months [3]. - The offering is available to Canadian residents, excluding Quebec, under the Listed Issuer Financing Exemption, with no hold period for Canadian subscribers [4]. - The expected closing date for the offering is around July 24, 2025, pending necessary regulatory approvals [7]. Group 2: Company Background - Sierra Madre Gold and Silver Ltd. focuses on precious metals development and exploration, particularly at the Guitarra mine in Mexico, which has resumed commercial production as of January 2025 [8]. - The Tepic Project, covering over 2,600 hectares, contains low-sulphidation epithermal gold and silver mineralization with an existing historic resource [9]. - The management team has extensive experience in raising capital for mining companies, having collectively raised over $1 billion [9].
Millennial Announces Private Placement of 3,870,968 Units for Proceeds of $6,000,000
Newsfile· 2025-07-21 12:00
Core Points - Millennial Potash Corp. is conducting a private placement of 3,870,968 units at a price of $1.55 per unit, with each unit consisting of one common share and one-half of a share purchase warrant exercisable at $2.20 for two years [1][2] - The proceeds from the private placement will be allocated to the exploration and development of the Banio Potash Project and for general working capital [2] - Approximately 50% of the private placement will involve insider participation, which qualifies as a related party transaction under Multilateral Instrument 61-101 [3] - The private placement is subject to approval from the TSX Venture Exchange [4]
IDEX Biometrics ASA – Contemplated Fully Underwritten Private Placement - 21 July 2025
Globenewswire· 2025-07-21 05:30
Core Viewpoint - IDEX Biometrics ASA is conducting a private placement of 9,090,909 new shares to raise gross proceeds of NOK 30 million, with a subscription price of NOK 3.30 per share [1][3]. Group 1: Private Placement Details - The application period for the private placement starts on 21 July 2025 and is expected to close the same day [4]. - The final number of offer shares will be determined at the end of the application period, with allocation based on various criteria [5]. - The private placement consists of two tranches: Tranche 1 will include up to 4,731,594 shares, while Tranche 2 will include the remaining shares needed to reach NOK 30 million [6]. Group 2: Underwriting and Fees - Underwriters have agreed to allocate shares not applied for during the application period, with a total underwriting commitment of up to NOK 30 million [2]. - An underwriting fee of 5% will be paid to each underwriter in the form of new shares, totaling 454,542 shares [2]. Group 3: Use of Proceeds - The net proceeds from the private placement will support the company's commercialization efforts and general corporate purposes [3]. Group 4: Subsequent Offering - A subsequent offering may be considered for existing shareholders who did not participate in the private placement, subject to certain conditions [12]. Group 5: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [13].
US Copper Corp Announces Upsize of Non-Brokered Private Placement
Newsfile· 2025-07-18 21:00
Group 1 - US Copper Corp has increased the size of its non-brokered private placement to aggregate gross proceeds of up to $1,250,000, consisting of up to 12,500,000 units priced at $0.10 per unit [1] - Each unit includes one common share and one warrant, with each warrant allowing the purchase of one common share for $0.15 within 2 years after closing [1] - The completion of the Offering is subject to regulatory and TSX Venture Exchange approvals [1][2] Group 2 - The proceeds from the Offering will be used for general working capital purposes [2]
Prismo Metals Announces Closing of Upsized Private Placement Silver King Exploration to Begin in July
Thenewswire· 2025-07-18 20:28
Core Viewpoint - Prismo Metals Inc. has successfully upsized and closed a non-brokered private placement, increasing the number of units issued due to strong investor demand, which reflects interest in its silver projects in Arizona [1][4]. Group 1: Private Placement Details - The private placement was increased from 5,000,000 units to 11,500,000 units, resulting in gross proceeds of $575,000 at an issue price of $0.05 per unit [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at an exercise price of $0.10 for 24 months [2]. - A second closing of the private placement is planned, with up to 2 million additional units to be issued for gross proceeds of up to $100,000 [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be used for exploration activities at the Silver King and Ripsey silver mines in Arizona, as well as for general corporate purposes [4]. - The company has also issued 150,724 shares to settle outstanding indebtedness of $7,536.20 [4]. Group 3: Exploration Plans - The CEO highlighted the strong investor interest in the company's silver projects, particularly the Silver King and Ripsey mines, and outlined a comprehensive exploration plan [4]. - A phase one drill program of a minimum of 1,000 meters is planned for the Silver King mine, which will test the mineralized body at various elevations [4]. - Detailed mapping and sampling programs are set to begin at both projects, with the potential for de-watering the Silver King shaft to access upper levels [4]. Group 4: Historical Context - The Silver King mine has a historical production of nearly 6 million ounces of silver at high grades, with some samples returning grades as high as 644 oz/t silver [9]. - The Ripsey mine has historical grades of up to 15.85 g/t gold and 276 g/t silver, but no modern exploration has been conducted [10]. - The strategic location of the Silver King mine, near the Resolution Copper project, offers potential upside for the company [11].
Uniserve Announces Closing of 6,000,000 Unit Private Placement at $0.30 per Unit
Thenewswire· 2025-07-18 15:25
Core Points - Uniserve Communications Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $1,800,000 by issuing 6,000,000 units at a price of $0.30 per unit [1] - Each unit consists of one common share and one-half of a transferable share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.40 for one year [1] - The securities issued will be subject to a hold period expiring on November 19, 2025, in accordance with applicable securities laws [2] Insider Participation - Notable insider purchases include Michael C. Scholz acquiring 1,500,000 units, Kwin Grauer purchasing 100,000 units, and other directors and the CFO also participating in the offering [3] - The insider transactions are classified as "related party transactions" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority approval requirements [3] Company Overview - Uniserve provides IT solutions and services across Canada, focusing on Data Centre Solutions, Managed IT Services, and Business Internet [4] - The company operates offices in Vancouver, Calgary, and Waterloo, emphasizing secure, reliable, and customized IT solutions [4]
Sable Closes C$1.75 Million Private Placement with Moxico Resources
Globenewswire· 2025-07-18 14:30
Core Viewpoint - Sable Resources Ltd. has successfully closed a non-brokered private placement with Moxico Resources plc, raising gross proceeds of C$1,749,000 through the issuance of 31,800,000 common shares at a price of C$0.055 per share [1][2][3] Group 1: Private Placement Details - Moxico now owns 31,800,000 shares, representing approximately 9.9% of Sable's issued and outstanding shares [2] - The proceeds from the private placement will be allocated for exploration, general corporate, and working capital purposes [3] - The shares issued are subject to a four-month hold period and require final approval from the TSX Venture Exchange, which has conditionally approved the listing of these shares [3] Group 2: Company Background - Sable Resources Ltd. is a junior grassroots explorer focused on discovering Tier-One precious metal and copper projects in established mining jurisdictions [6] - The company is actively exploring several projects in Argentina and British Columbia, including the San Juan Regional Program and various properties [6] Group 3: Relationship with Moxico - Moxico has been granted customary participation and anti-dilution rights, allowing it to maintain its equity interest in Sable as long as it meets a minimum ownership threshold [2] - Moxico has an exclusive option to acquire 51% of Sable's El Fierro Project and Cerro-Negro Property, subject to specific exploration and expenditure terms [4]
American Tungsten Corp. Announces Upsize in Private Placement from $2.5 Million to $7.0 Million
GlobeNewswire News Room· 2025-07-17 22:30
Group 1 - American Tungsten Corp. is increasing its non-brokered private placement of common shares from 5,000,000 to a maximum of 14,000,000 shares at a price of $0.50 per share, aiming for aggregate gross proceeds of up to $7.0 million [1][4] - The CEO of American Tungsten Corp. highlighted the growing support for the IMA Project, which is a high-grade tungsten asset with the potential to be the first new tungsten producer in North America, marking a significant milestone towards commercial production [2] - The company will pay finders' fees of up to 7.0% of the gross proceeds raised and issue non-transferable finders' warrants to eligible finders [3] Group 2 - The net proceeds from the offering will be used for exploration work programs, option payments, mineral property acquisitions, marketing, and general working capital [4] - American Tungsten Corp. is focused on high-potential tungsten and magnetite projects in North America, including the Ima Mine Project in Idaho and the Star Project in British Columbia [6]