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Norsemont Announces Closing of 3rd Tranche of Private Placement Led by Crescat Capital and Equity Management Associates
Thenewswire· 2025-08-25 13:00
Core Viewpoint - Norsemont Mining Inc. has successfully closed the second tranche of a non-brokered private placement, raising CAD $1,191,500.40, with total proceeds from the offering reaching CAD $5,479,199.40, aimed at advancing the Choquelimpie Gold-Silver-Copper project in Northern Chile [1][3][4] Financing Details - The second tranche consisted of 1,985,834 units priced at CAD $0.60 per unit, each unit comprising one common share and one-half of one warrant [1] - Each warrant allows the holder to purchase one common share at CAD $0.75 for two years from the closing date [1] - The offering is subject to a hold period of four months and one day for Canadian investors, with additional restrictions for U.S. investors [2] Use of Proceeds - Proceeds from the offering will fund phase 3 drill programs, including deep drilling into copper porphyry zones and high-grade gold zones, as well as general working capital [3] Project Potential - The Choquelimpie project is described as a massive mineralizing system with significant exploration potential, having previously been a permitted gold and silver mine [5][11] - The project has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces [11] - The existing infrastructure includes over 1,700 drill holes, roads, power, water, camp, and a 3,000-tonne-per-day mill, which supports further development [11] Strategic Support - Crescat Capital's involvement and the backing from notable investors like Larry Lepard and Rob McEwen are seen as strong endorsements for the project's potential [4][6] - The management team is focused on responsible and sustainable resource development, leveraging modern exploration techniques to enhance shareholder value [11]
Stuhini Closes First Tranche of Non-Brokered Private Placement
Newsfile· 2025-08-25 12:30
Core Points - Stuhini Exploration Ltd. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $260,000 through the issuance of 2,166,332 Units at a price of $0.12 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 common share at $0.18 until August 22, 2027 [2] - Certain directors and officers acquired 184,000 Units, qualifying as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [3] - The securities issued are subject to a regulatory resale hold period ending December 23, 2025, and the private placement is pending final approval from the TSX Venture Exchange [4] - The net proceeds from the private placement will be used to support exploration and advancement of the Ruby Creek Project and for corporate initiatives and general working capital [5] Company Overview - Stuhini Exploration Ltd. is a mineral exploration company focused on the exploration and development of precious and base metals properties in western Canada [7] - The company's portfolio includes the Ruby Creek Property, South Thompson Nickel Project, and Big Ledge Property, indicating a diverse range of exploration activities [7]
Goldgroup Announces Revised Terms of Non-Brokered Private Placement
Thenewswire· 2025-08-23 00:25
Core Viewpoint - Goldgroup Mining Inc. has revised the terms of its non-brokered private placement, aiming to raise up to $4,000,000 through the issuance of units consisting of common shares and warrants [1][3]. Group 1: Private Placement Details - The private placement will consist of up to 5,000,000 units at a price of $0.80 per unit, with each unit comprising one common share and one warrant [1]. - Each warrant will allow the purchase of one additional common share at a price of $1.10 for a period of 24 months from issuance [1]. - The private placement is subject to approval from the TSX Venture Exchange, and all securities will be subject to a statutory hold period of four months and one day from closing [2]. Group 2: Strategic Intent and Use of Proceeds - The net proceeds from the private placement will be primarily used for assessing and pursuing acquisition opportunities in the mining sector [3]. - The company is focused on enhancing shareholder value by potentially acquiring operating mines or strategic stakes in other mining companies [3]. - Goldgroup has been conducting due diligence on various mineral projects but has not yet completed any acquisition transactions [3].
Leading Edge Materials Announces Update on Previously Announced Non-Brokered Private Placement
Globenewswire· 2025-08-22 18:35
Company Overview - Leading Edge Materials Corp. is a Canadian public company focused on developing critical raw material projects in the European Union, which are essential for high-growth technologies such as lithium-ion batteries and permanent magnets [4]. Private Placement Update - The company announced that there was no finder's fee paid in connection with the closing of the financing related to the previously announced non-brokered private placement [2]. Regulatory Compliance - The news release clarifies that it is not a prospectus under the EU Prospectus Regulation and that no offer of securities has been authorized for the public in any EEA member state [3][12]. Contact Information - For further inquiries, the company can be contacted via email at info@leadingedgematerials.com or through their website [4]. Stock Listings - Leading Edge Materials is listed on multiple exchanges: TSXV under the symbol "LEM", OTCQB under "LEMIF", and Nasdaq First North Stockholm under "LEMSE" [6].
Jeffs' Brands: Fort Technology Announces Closing of a CAD 5 Million Private Placement of Convertible Debenture Representing a Valuation of Approximately CAD 27 million
GlobeNewswire News Room· 2025-08-22 13:29
Core Viewpoint - Jeffs' Brands Ltd has announced the completion of a private placement of convertible debentures by its subsidiary Fort Technology Inc, raising CAD 5 million, which will be used for working capital and loan support [1][5]. Group 1: Private Placement Details - The private placement of convertible debentures has a maturity date of two years from issuance and carries an interest rate of 10% per annum, with quarterly payments starting from the closing date until September 30, 2025 [2]. - The principal amount of the convertible debentures can be converted into units of Fort at a price of CAD 0.185 per unit, with each unit consisting of one common share and one warrant [2]. - The private placement values Fort at approximately CAD 27 million [2]. Group 2: Company Participation and Compliance - Jeffs' Brands and its CEO participated in the private placement, with the company purchasing CAD 2.2 million worth of convertible debentures, constituting a related-party transaction [4]. - The private placement was conducted under certain prospectus exemptions and is subject to a holding period in compliance with applicable securities laws and TSX Venture Exchange rules [3]. Group 3: Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging advanced technology and human capability [6]. - Fort Technology Inc specializes in manufacturing and selling products for the pest control and remedial repair industry [7].
Eloro Resources Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$5.0 Million
Globenewswire· 2025-08-22 11:00
Core Viewpoint - Eloro Resources Ltd. has announced a private placement offering of 4,348,000 units at a price of C$1.15 per unit, aiming for gross proceeds of C$5,000,200 to fund exploration and development of the Iska Iska project in Bolivia [1][4] Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$1.60 within 36 months [2] - An over-allotment option allows Red Cloud to purchase an additional 870,000 units for gross proceeds of approximately C$1,000,500 [3] - The offering is scheduled to close on September 4, 2025, subject to necessary approvals [7] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the continued exploration and development of the Iska Iska project, along with general corporate purposes and working capital [4] Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the Listed Issuer Financing Exemption, and may also be sold in offshore jurisdictions [5] - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without applicable exemptions [8] Group 4: Company Overview - Eloro Resources Ltd. is focused on exploration and mine development, holding a portfolio of precious and base-metal properties in Bolivia, Peru, and Quebec [9] - The company has an option to acquire a 100% interest in the Iska Iska Property, which is classified as a polymetallic epithermal-porphyry complex [10]
Goldgroup Announces Non-Brokered Private Placement
Thenewswire· 2025-08-21 19:36
Core Viewpoint - Goldgroup Mining Inc. has announced a non-brokered private placement of up to 5,000,000 units at a price of $0.80 per unit, aiming to raise up to $4,000,000 for strategic growth and acquisition opportunities in the mining sector [1][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one-half common share purchase warrant, with each full warrant exercisable at $1.10 for 24 months [1]. - The company intends to pay finders' fees to eligible finders, subject to TSX Venture Exchange approval, and all securities will be subject to a statutory hold period of four months and one day post-closing [2]. Group 2: Strategic Growth Plans - Goldgroup is focusing on organic growth through optimization at its Cerro Prieto mine and targeted acquisitions in the mining sector [3]. - The net proceeds from the private placement will primarily be used for assessing and pursuing acquisition opportunities, with a focus on enhancing shareholder value [3]. - The company has been conducting due diligence on potential mineral projects but has not yet completed any acquisition transactions [3].
Kuya Announces Second Tranche Closing of Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption
Newsfile· 2025-08-21 11:30
Kuya Announces Second Tranche Closing of Non- Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption August 21, 2025 7:30 AM EDT | Source: Kuya Silver Corporation Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") announces the second and final tranche closing of its non-brokered private placement previously announced July 24, 2025 and amended August 13, 2025 (the "Offering"). The Compan ...
Precore Gold Announces up to C$2 Million Private Placement
Globenewswire· 2025-08-21 09:00
Core Viewpoint - Precore Gold Corp. is initiating a non-brokered private placement to raise up to $2,000,000 for exploration and working capital purposes, with a focus on the Arikepay Project in Peru and other properties in Canada [1][3][4] Group 1: Private Placement Details - The private placement will consist of the sale of up to 11,111,111 units at a price of $0.18 per unit, each unit comprising one common share and one-half of a share purchase warrant [1] - Each warrant will allow the holder to purchase one additional common share at an exercise price of $0.25 for a period of 36 months [1] - The proceeds will be used for exploration work and working capital, with a four-month hold period on the issued securities [1] Group 2: Exploration Plans - The funds from the private placement will support an exploration program at the Arikepay Project in Peru, aiming to reaffirm historical drilling results and explore additional targets [3] - The company also plans to compile data on the Lac Big Rush property in Quebec and the Kimber property in British Columbia to outline future exploration programs [3] Group 3: Company Overview - Precore Gold Corp. is a Canadian junior gold exploration company focused on building a portfolio of exploration projects with strong gold discovery potential [4] - The company aims to capitalize on opportunities in politically stable, mining-friendly jurisdictions with promising properties and historical drilling results [4] - Precore Gold is committed to environmental, social, and corporate governance (ESG) standards in its operations [4]
Stallion Uranium Completes First Tranche of Non-Brokered Private Placement and Announces Upsizing
Globenewswire· 2025-08-20 13:13
Core Viewpoint - Stallion Uranium Corp. has successfully closed the first tranche of a non-brokered private placement, raising a total of approximately $4.5 million through the issuance of units and flow-through units [1][6]. Group 1: Offering Details - The first tranche included 21,239,800 NFT Units at $0.20 each, generating gross proceeds of $4,247,960, and 1,315,000 FT Units at $0.20 each, generating gross proceeds of $263,000 [1][6]. - Each FT Unit consists of one flow-through common share and one FT Warrant, allowing the purchase of an additional FT Share at $0.26 for 60 months [2]. - Each NFT Unit consists of one non-flow-through common share and one NFT Warrant, allowing the purchase of an additional NFT Share at $0.26 for 60 months [3]. Group 2: Use of Proceeds - Gross proceeds from FT Units will be allocated to exploration expenditures on resource claims in Saskatchewan, qualifying as "Canadian exploration expenses" [8]. - Net proceeds from NFT Units will be used for exploration and development activities in the Athabasca Basin, as well as for working capital and general corporate purposes [8]. Group 3: Upsizing and Future Plans - The Offering has been upsized from a target of $12 million to $15 million due to market demand, with a second closing anticipated by August 30, 2025 [6][7]. - The upsized Offering will consist of up to 75,000,000 combined FT and NFT Units for total gross proceeds of up to $15 million [7]. Group 4: Regulatory and Compliance - Closing of the Offering is contingent upon receiving necessary corporate and regulatory approvals, including from the TSX Venture Exchange [9]. - The anticipated purchase by Mr. Matthew Mason of 15,000,000 FT Units may create a new Control Person, requiring disinterested shareholder approval [9]. Group 5: Finder's Fees and Advisory Services - The Company issued 668,003 Finder's Warrants to eligible finders and paid cash finder's fees totaling $173,976.67 [5]. - An Advisory Agreement has been established with Canaccord Genuity Corp., with a work fee of $150,000 payable in units matching the NFT Units [10].