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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 ...
SPOD Lithium Announces Private Placement of Units
Newsfile· 2025-07-14 21:00
Core Points - SPOD Lithium Corp. intends to complete a private placement offering of up to 7,500,000 units at a price of $0.02 per unit, aiming for aggregate gross proceeds of up to $150,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.05 after 24 months [2] - The net proceeds from the offering will be used for general working capital purposes [3] Offering Details - The offering will be made to qualified purchasers under exemptions from prospectus and registration requirements [4] - Directors and officers may participate in the offering, which is considered a related party transaction and is expected to be exempt from certain requirements [4] - Finders' fees may be paid to eligible finders in connection with the offering, subject to compliance with applicable laws [5] Regulatory and Closing Information - All securities issued will be subject to a statutory hold period of four months and one day from issuance [6] - The offering is expected to close on or about July 25, 2025, and may close in multiple tranches [6] - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption [7] Company Overview - SPOD Lithium Corp. is focused on exploring and developing lithium resources, with properties located in Quebec and Ontario, Canada [9] - The company emphasizes sustainable practices and aims to deliver value for its stakeholders [9]
Viewbix Announces Closing of $4.5 Million Private Placement
Globenewswire· 2025-07-14 19:58
Core Viewpoint - Viewbix Inc. has successfully closed a private placement transaction, raising approximately $4.5 million through the sale of common stock and warrants, aimed at exploring new business opportunities and investments in various sectors [1][2][4]. Group 1: Private Placement Details - The private placement involved the issuance of approximately 925,923 units, with common units priced at $4.86 each and pre-funded units sold at a similar price minus a minimal exercise price [3]. - Each unit consists of one share of common stock and one common warrant, with an exercise price of $4.74 per share, and the common warrants have a term of 5.5 years [3]. - The closing of the private placement occurred on July 14, 2025, with gross proceeds of around $4.5 million before fees and expenses [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes and working capital, in conjunction with existing cash [4]. Group 3: Company Overview - Viewbix operates in the digital advertising sector through subsidiaries Gix Media Ltd. and Cortex Media Group Ltd., focusing on search technology and digital content creation [7]. - The company develops software solutions for automating and optimizing internet campaigns, aiming to enhance revenue generation for advertisers [7].
Revival Gold Announces Upsize of Financing for a Total of $27 Million
Globenewswire· 2025-07-14 18:32
Core Viewpoint - Revival Gold Inc. has announced an upsized strategic placement with EMR Capital Management Limited, raising gross proceeds of US$11.3 million (C$15.4 million) through the sale of 32,069,531 common shares at a price of C$0.48 per share [1][2][3]. Group 1: Strategic Placement Details - EMR's pro-forma interest in Revival Gold is expected to be approximately 12.00% upon closing, assuming full subscription of the Concurrent Offering [2]. - The EMR Strategic Placement includes customary anti-dilution rights and the right to nominate a director to the Board of Directors [2]. - The total raise has been upsized to accommodate significant demand, allowing the company to advance its projects and plans [3]. Group 2: Concurrent Offering - The company has also upsized its non-brokered private placement to up to C$11.6 million, issuing up to 24,180,469 common shares at the same price of C$0.48 per share [4]. - The Common Shares under the Concurrent Offering will be offered to purchasers in Canada (except Quebec) and may also be issued to purchasers outside Canada, including the United States, under applicable regulatory requirements [5]. Group 3: Use of Proceeds - The net proceeds from both the EMR Strategic Placement and the Concurrent Offering will be utilized for the ongoing exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital and corporate purposes [6]. Group 4: Closing Conditions - The EMR Strategic Placement and the Concurrent Offering are subject to customary closing conditions, including necessary regulatory approvals, with expected closing around July 29, 2025 [8].
Mogotes Metals Announces Closing of Third and Final Tranche of Private Placement of Units
Newsfile· 2025-07-14 11:00
Mogotes Metals Announces Closing of Third and Final Tranche of Private Placement of UnitsJuly 14, 2025 7:00 AM EDT | Source: Mogotes Metals Inc.Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes", or the "Company") is pleased to announce that, further to its press releases of June 2, 2025, June 16, 2025 and July 7, 2025, the Company has closed the third and final tranche of its non-brokered private placement through the issu ...