Workflow
Private Placement
icon
Search documents
American Tungsten Corp. Announces Upsize in Private Placement from $2.5 Million to $7.0 Million
Globenewswire· 2025-07-17 22:30
Core Viewpoint - American Tungsten Corp. is increasing its non-brokered private placement of common shares from 5 million to a maximum of 14 million shares at a price of $0.50 per share, aiming to raise up to $7 million in gross proceeds, indicating strong support for its IMA Project, a high-grade tungsten asset [1][2]. Group 1: Offering Details - The maximum amount to be raised in the private placement has been increased to 14 million shares at $0.50 per share, totaling up to $7 million in gross proceeds [1]. - The company will pay finders' fees of up to 7% of the gross proceeds and issue non-transferable finders' warrants equal to 7% of the shares sold [3]. - The net proceeds from the offering will be used for exploration work programs, option payments, mineral property acquisitions, marketing, and general working capital [4]. Group 2: Company Overview - American Tungsten Corp. is focused on high-potential tungsten and magnetite projects in North America, particularly advancing the IMA Mine Project in Idaho, which has historical significance as an underground tungsten producer [6]. - The company holds an option to acquire full ownership of the IMA Mine Project, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [6].
Honey Badger Silver Announces Closing of Second Tranche of Previously Announced Private Placement and an Incremental Financing
Newsfile· 2025-07-17 19:43
Core Viewpoint - Honey Badger Silver Inc. has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $465,000 through the issuance of 4,650,000 units at a price of $0.10 per unit [1][4]. Financing Details - 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 common share at an exercise price of $0.15 until January 16, 2027 [2]. - The company plans to conduct an additional non-brokered private placement offering of up to 5,327,273 additional units at a price of $0.11 per unit, potentially raising up to $586,000 [3]. - The additional financing is expected to close around July 23, 2025, pending necessary regulatory approvals [4]. Use of Proceeds - The net proceeds from both the second tranche and the additional financing will be used to advance the company's properties, purchase silver royalties, and cover general administrative expenses [4]. Finder's Fees and Warrants - In connection with the second tranche, the company paid cash finder's fees of $13,300 and issued 133,000 non-transferable finder's warrants, each exercisable at C$0.15 until January 16, 2027 [5]. - For the first tranche, the company issued 7,692,353 common shares as flow-through shares at $0.13 per share and 9,860,000 units at $0.10 per unit, raising approximately $1.986 million [6]. Regulatory Compliance - The securities issued in the second tranche and those to be issued in the additional financing are subject to a four-month hold period under Canadian securities laws [7]. - The offering is contingent upon final approval from the TSX Venture Exchange [9]. Insider Participation - Certain insiders are expected to participate in the additional financing, which may be classified as a "related party transaction" under Multilateral Instrument 61-101 [10]. Options Granted - The company granted 4,000,000 options to acquire common shares to certain officers, employees, and consultants, with an exercise price of $0.12 per share and a five-year term [11]. Company Overview - Honey Badger Silver is a silver-focused company with projects in historically significant mining areas, including the Sunrise Lake project and the Clear Lake project, which have substantial historical resource estimates [13][14].
Amex Exploration Announces up to C$30 Million Private Placement, Led by Strategic Investment by Eldorado Gold
Newsfile· 2025-07-17 11:00
Core Viewpoint - Amex Exploration Inc. announces a non-brokered private placement of up to C$30 million, led by a strategic investment from Eldorado Gold Corporation, aimed at funding exploration activities at the Perron Gold Project [1][3][4]. Group 1: Private Placement Details - The private placement includes the issuance of 11,000,000 charity flow-through common shares at a price of C$2.27 per share, generating gross proceeds of up to C$24,970,000 [1]. - Additionally, the company may issue up to 3,125,000 hard dollar common shares at a price of C$1.60 per share, for gross proceeds of up to C$5,000,000 [2]. Group 2: Strategic Investment by Eldorado Gold - Eldorado Gold intends to purchase 11,000,000 common shares at a price of C$1.60 per share, resulting in gross proceeds of C$17,600,000, which will give Eldorado approximately 17% ownership of Amex's issued and outstanding shares [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized to fund exploration at the Perron Gold Project, focusing on new target definition and drilling [4]. - The gross proceeds will be allocated to eligible Canadian exploration expenses related to the Perron Gold Project, with a commitment to incur these expenses by December 31, 2026 [5]. Group 4: Offering Timeline and Conditions - The closing of the offering is expected on or before August 7, 2025, subject to certain conditions including acceptance by the TSX Venture Exchange [6]. Group 5: Company Overview - Amex Exploration Inc. has made significant high-grade gold discoveries at its 100%-owned Perron Gold Project, which spans 117 contiguous claims over 45.18 km² [10]. - The Perron Gold Project is located in a geologically favorable area for both high-grade gold and copper-rich volcanogenic massive sulphide (VMS) mineralization [11].
Southern Silver Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$13.0 Million
Newsfile· 2025-07-16 17:05
Core Viewpoint - Southern Silver Exploration Corp. has increased its previously announced "bought deal" private placement from approximately C$8 million to C$13 million due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 48,148,149 units priced at C$0.27 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant allows the holder to purchase one common share at a price of C$0.40 within 36 months after the closing date [2] - An over-allotment option allows Red Cloud to purchase an additional 7,407,408 units for gross proceeds of up to approximately C$2 million [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used for advancing the Cerro Las Minitas project in Durango, Mexico, as well as for working capital and general corporate purposes [4] Group 3: Regulatory Compliance - The offering will comply with National Instrument 45-106 and will be available to purchasers in specific Canadian provinces and potentially in offshore jurisdictions [5] - The common shares and warrant shares are expected to be freely tradable under applicable Canadian securities legislation [5] Group 4: Company Overview - Southern Silver Exploration Corp. focuses on discovering world-class mineral deposits, particularly through its Cerro Las Minitas silver-lead-zinc project in Mexico [10] - The company also holds other properties, including the Nazas property and projects in New Mexico [10]
Baru Gold Completes First Tranche of Private Placement
Thenewswire· 2025-07-16 16:20
July 16, 2025 – TheNewswire - Vancouver, BC - Baru Gold Corp. (BARU: TSX.V | BARUF: OTCQB) (the "Company" or "Baru") announces that it has completed its first tranche of its private placement (a "Private Placement") for an aggregate of $897,952.50, issuing 10,564,146 Units at $0.085 per unit which was previously announced on July 9, 2025 and subsequently increased the offering on July 11, 2025. Each unit will be comprised of one common share in the capital of the Company (a "Share") and one non-transferable ...
iMetal Resources Closes First Tranche of Private Placement
Newsfile· 2025-07-16 08:15
Core Points - iMetal Resources Inc. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,525,330 by issuing 15,253,300 units at a price of $0.10 per unit [1][2] - Each unit consists of one common share and one transferable share purchase warrant, allowing the purchase of an additional share at $0.20 until July 15, 2027 [2] - The company plans to use the net proceeds for exploration, potential acquisitions, and general working capital [3] Financial Details - The company paid finders' fees of $74,153 and issued 741,531 non-transferable share purchase warrants to third parties who assisted in the offering [3] - Insiders participated in the offering, acquiring 1,500,000 units, which is classified as a related party transaction [4] - A further tranche of the offering is planned for combined gross proceeds of up to $5,000,000, with the remaining units priced at $0.105 each [5] Incentives and Future Plans - The company granted 1,500,000 incentive stock options and 1,000,000 restricted share units to directors, officers, and consultants [6] - The flagship property, Gowganda West, has a recent discovery hole of 48.5m at 0.85 g/t gold, located in the Abitibi Greenstone Gold Belt [7] - The company is focused on the exploration and development of resource properties in Ontario and Quebec [7]
Revival Gold Announces Dundee Corporation Exercise of Participation Right, Upsize of Financing to a Total of $29 Million
Globenewswire· 2025-07-15 22:55
Core Viewpoint - Revival Gold Inc. has announced an upsized non-brokered private placement to raise up to C$13.68 million through the issuance of common shares at a price of C$0.48 per share, primarily to accommodate Dundee Corporation's participation [1][2]. Group 1: Offering Details - The Concurrent Offering will issue up to 28,517,502 common shares at C$0.48 each, with total gross proceeds expected to reach approximately C$29.08 million when combined with the EMR Strategic Placement [1][2]. - EMR Capital Management Limited will purchase 32,069,531 common shares at the same price, contributing gross proceeds of US$11.3 million (C$15.4 million) [2]. - The Common Shares offered will be available to purchasers in Canada (except Quebec) and may also be issued to purchasers outside Canada, including the United States, under applicable regulatory requirements [4]. Group 2: Use of Proceeds - The net proceeds from both the EMR Strategic Placement and the Concurrent Offering will be utilized to advance the exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital and corporate purposes [5]. Group 3: Ownership Interests - Upon closing, EMR's and Dundee's pro-forma interests in Revival Gold are expected to be approximately 11.8% and 5.3% on a non-diluted basis, respectively, assuming full subscription of the Concurrent Offering [3]. Group 4: Regulatory and Closing Conditions - The offerings are subject to customary closing conditions, including necessary regulatory approvals, with expected closing on or about July 29, 2025 [7]. - The Common Shares issued under the EMR Strategic Placement will be subject to a 4-month and one-day hold period under Canadian securities laws [5]. Group 5: Company Overview - Revival Gold is a prominent gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [11]. - The company is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under "RVLGF" [11].
Azincourt Energy Corp. Closes First Tranche of Private Placement
Newsfile· 2025-07-15 22:49
Core Viewpoint - Azincourt Energy Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of C$739,948.96 through the issuance of non-flow-through and flow-through units at a price of C$0.015 each [1][3]. Group 1: Offering Details - The private placement consists of 35,329,931 non-flow-through units and 13,999,997 flow-through units [1]. - Each non-flow-through unit includes one common share and one common share purchase warrant, while each flow-through unit includes one flow-through common share and one common share purchase warrant [2]. - The warrants are exercisable at a price of C$0.05 until July 15, 2028 [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to the drilling, exploration, and development of the Snegamook and Harrier Projects in Newfoundland and Labrador, as well as for general working capital [3]. - The funds raised from the flow-through shares will be used to incur eligible resource exploration expenses qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures [5]. Group 3: Financial and Regulatory Information - The company paid cash finders' fees totaling C$44,895 and issued 2,993,000 finders' warrants [4]. - The securities issued are subject to a hold period of four months and one day from July 15, 2025, and require final approval from the TSX Venture Exchange [4].
WestKam Gold Corp. Provides Update on Management Cease Trade Order, Announces Appointment of Interim CFO and Announces Private Placement
Globenewswire· 2025-07-15 11:30
Core Viewpoint - WestKam Gold Corp. is facing a management cease trade order (MCTO) due to delays in filing interim financial statements, with the appointment of a new Interim CFO to expedite the process [1][2]. Group 1: Management and Financial Updates - The MCTO was issued by the British Columbia Securities Commission (BCSC) because the Company failed to file its interim financial statements by the June 30, 2025 deadline [1]. - The CFO, Pam Saulnier, went on unexpected medical leave, prompting the appointment of Akash Patel as the Interim CFO to assist in completing the Interim Filings [2][6]. - The MCTO restricts the CEO and CFO from trading the Company's securities until the Interim Filings are submitted and the MCTO is revoked, but it does not affect shareholders' trading abilities [3]. Group 2: Compliance and Reporting - The Company is adhering to National Policy 12-203 regarding Management Cease Trade Orders, which includes issuing bi-weekly default status reports until the Interim Filings are completed [4]. - As of the latest update, there have been no material changes to the information in the MCTO Announcement, and the Company has not failed to meet its stated intentions regarding the Guidelines [5]. Group 3: Private Placement - WestKam Gold Corp. plans to undertake a non-brokered private placement to raise up to $250,000 through the sale of up to 3,571,428 units at a price of $0.07 each [7]. - Each unit will consist of one common share and one common share purchase warrant exercisable at $0.10 for two years following the close of the Offering [7]. - Proceeds from the Offering will be used for exploration on the Will Property and for unallocated working capital, subject to regulatory approvals [8]. Group 4: Company Overview - WestKam Gold Corp. focuses on acquiring and developing mineral properties in Western Canada, seeking projects in established mining districts with potential for significant resources [10].
X @Cointelegraph
Cointelegraph· 2025-07-15 04:30
🔥 LATEST: Nasdaq-listed Upexi files for additional $200M in private placement to buy more Solana for its treasury.It expects to hold approximately 1.65 million $SOL after closing, more than doubling its previous balance of 735,692 $SOL. https://t.co/x4EW5qrHWX ...