Private Placement
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Surge Copper Announces Upsize of Private Placement to $10.4 Million
Globenewswire· 2025-07-09 12:51
Core Viewpoint - Surge Copper Corp. has successfully increased its non-brokered equity financing from approximately $6.4 million to up to $10.4 million due to strong investor demand, with full subscription from both new and existing investors [1] Group 1: Offering Details - The Offering will consist of a LIFE Offering of up to 19.2 million common shares at $0.175 per share for gross proceeds of up to $3.4 million, and a LIFE Charity Flow-Through Offering of up to 9.4 million charity flow-through common shares at $0.265 per share for gross proceeds of up to $2.5 million [7] - A Concurrent Strategic Investment is expected to raise up to $4.5 million through a private placement of up to 25.8 million common shares at $0.175 per share, increasing the strategic investor's ownership to up to 19.9% [7] Group 2: Use of Proceeds - Net proceeds from the Offering will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study and potential entry into the Environmental Assessment process [2] - A portion of the proceeds will also be allocated for general working capital [2] Group 3: Company Overview - Surge Copper Corp. is advancing a critical metals district in British Columbia, owning a large mineral claim package with multiple advanced porphyry deposits containing copper, molybdenum, gold, and silver [9] - The Company holds a 100% interest in the Berg Project, which has a Preliminary Economic Assessment (PEA) indicating an NPV of C$2.1 billion and an IRR of 20% based on long-term commodity prices [10]
Ensurge Micropower ASA - Fully Underwritten Private Placement successfully placed
Globenewswire· 2025-07-08 18:00
Core Viewpoint - Ensurge Micropower ASA has successfully completed a fully underwritten private placement, raising NOK 50 million through the issuance of 40 million new shares at a subscription price of NOK 1.25 per share [2]. Group 1: Private Placement Details - The private placement raised gross proceeds of NOK 50,000,000 by issuing 40,000,000 Offer Shares at a subscription price of NOK 1.25 per share [2]. - Investors in the private placement will receive one warrant for every two Offer Shares allocated, allowing them to subscribe for one new share at an exercise price of NOK 1.50 [3]. - The issuance of the warrants is subject to approval at the extraordinary general meeting expected on or about 1 August 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized to accelerate the development of higher-capacity battery variants, enhance sales and marketing activities, strengthen financial flexibility, and for general corporate purposes [4]. Group 3: Underwriting and Share Capital - Certain existing shareholders have committed to fully underwrite the private placement, with an underwriting fee of 3% payable in the form of 1,200,000 new shares at the offer price [5]. - Following the completion of the private placement, the company's share capital will increase to NOK 418,390,160.50, divided into 836,780,321 shares, each with a par value of NOK 0.50 [7]. Group 4: Compliance and Market Conditions - The board has confirmed that the private placement complies with equal treatment obligations under Norwegian law and is in the common interest of the company and its shareholders [9]. - The private placement was structured to achieve a market-based subscription price, reflecting current market conditions and growth opportunities [9][10].
Pacific Bay Minerals Ltd. Announces $2 Million Private Placement to Advance Pereira-Velho Gold Project in Brazil and Extends Warrant Expiry Dates
Newsfile· 2025-07-08 06:22
Core Viewpoint - Pacific Bay Minerals Ltd. announces a non-brokered private placement to raise up to $2 million to advance the Pereira-Velho Gold Project in Brazil and extends the expiry dates of certain warrants [1][2][10]. Private Placement Details - The company plans to issue up to 20,000,000 units at a price of $0.10 per unit, aiming for gross proceeds of up to $2 million [3]. - Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.15 for 24 months [4]. - An acceleration clause allows the company to expedite the expiry of the warrants if the trading price exceeds $0.25 for 20 consecutive trading days [4]. Use of Proceeds - Net proceeds will primarily fund the acquisition and exploration of the Pereira-Velho Gold Project in Alagoas State, Brazil [7]. - Remaining funds may be allocated for exploration on Canadian assets and general working capital [8]. Insider Participation - Certain insiders may participate in the offering, which will be treated as a related party transaction [9]. Warrant Extension - The company intends to extend the expiry of 7,365,873 warrants issued on July 20, 2022, from July 20, 2025, to July 20, 2026, pending TSXV approval [10]. Management Update - Elton Pereira has transitioned to the role of country manager for Brazil, aligning with the company's focus on the Pereira-Velho gold project [11].
AB Science announces the successful completion of a EUR 1.925 million private placement
Globenewswire· 2025-07-08 06:02
Core Viewpoint - AB Science S.A. successfully completed a private placement raising EUR 1.925 million to finance ongoing activities, particularly the clinical development of the AB8939 program [1][3]. Use of Proceeds - The net proceeds from the private placement will be utilized to support the clinical development of the AB8939 program and strengthen the company's cash position to meet financing needs for 2025 and beyond [3]. Private Placement Details - The private placement involved the issuance of 1,645,302 new ordinary shares, each with an attached share warrant (BSA), without preferential subscription rights [4][5]. - The issue price of one ABSA is EUR 1.17, reflecting a 24.36% discount to the volume-weighted average price (VWAP) of AB Science shares over the three trading days prior to the pricing [6][7]. Shareholder Impact - Post-placement, the new shares will represent approximately 2.47% of the company's share capital on a non-diluted basis before the placement and 2.41% after [5]. - Existing shareholders who do not participate in the private placement will experience a dilution of their shareholding [12][22]. Trading and Admission - The new shares are expected to be admitted to trading on Euronext Paris on July 10, 2025, and will be assimilated to existing shares [13]. Lock-up Commitments - The company has agreed to a 45-day lock-up period for the investors and a 90-day lock-up for its directors and officers following the settlement and delivery of the private placement [17].
Northwest Copper Announces Closing of Oversubscribed Private Placement
Globenewswire· 2025-07-04 11:00
Core Viewpoint - NorthWest Copper Corp. successfully closed an oversubscribed non-brokered private placement financing, raising a total of $555,000 through the sale of 2,775,000 units at $0.20 per unit, which will primarily be used for general working capital purposes [1][2]. Financing Details - The private placement consisted of 2,775,000 units priced at $0.20 each, resulting in gross proceeds of $555,000 [2]. - Each unit includes one common share and one half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 until July 3, 2027 [2]. - The company paid cash finder's fees of $6,000 and issued 30,000 compensation warrants, also exercisable at $0.30 until July 3, 2027 [3]. Strategic Insights - CEO Paul Olmsted highlighted that the increased demand for the private placement reflects confidence in the company's new strategic approach at Kwanika, focusing on higher-grade zones within current mineralization [3]. - The financing is seen as a crucial step in preparing for the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika [3]. Related Party Transactions - Three directors of the company acquired a total of 400,000 units for $80,000, which qualifies as a related party transaction [5]. - These transactions are exempt from certain requirements under Multilateral Instrument 61-101 due to the fair market value of the securities not exceeding 25% of the company's market capitalization [5]. Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with a portfolio of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [7]. - The company is positioned to benefit from a strengthening global copper market and a robust gold market, emphasizing responsible mineral exploration in collaboration with First Nations [7].
Actelis Networks Announces Closing of Private Placement Priced At-the-Market under Nasdaq Rules
Globenewswire· 2025-07-03 17:05
Company Overview - Actelis Networks, Inc. is a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications [1][6] - The company specializes in hybrid fiber-copper networking solutions, providing fiber-grade performance with cost-efficiency [6] Private Placement Announcement - Actelis announced the closing of a private placement for the issuance and sale of 1,626,019 shares of common stock and associated warrants [1] - The purchase price for the shares and warrants was set at $0.615 per share [1][2] Financial Details - The aggregate gross proceeds from the offering were approximately $1 million, with potential additional gross proceeds of about $3 million from the warrants if fully exercised [3] - The Series A-3 warrants will expire five years from shareholder approval, while the short-term Series A-4 warrants will expire in eighteen months [2] Use of Proceeds - The company intends to use the net proceeds from the offering as working capital for general corporate purposes [3] Regulatory Information - The securities were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and have not been registered under the Act [4]
MAAS Announces A Private Placement of Class A Ordinary Shares and Warrants
Globenewswire· 2025-07-03 12:00
Core Points - Maase Inc. has executed a definitive share purchase agreement to issue 10,000,000 Class A ordinary shares at a price of $2.08 per share, generating approximately $21 million in gross proceeds [1][3] - The transaction includes warrants for an additional 20,000,000 Class A ordinary shares, with exercise prices structured in two tranches: 50% at 200% of the purchase price and 50% at 250% [2] - Upon closing, the largest investor will hold about 19.29% of the total outstanding shares, translating to 0.73% of the voting power due to the dual-class share structure [2] Financial Details - The total number of ordinary shares outstanding after the transaction will be 25,917,241, comprising 19,250,573 Class A and 6,666,668 Class B shares [2] - The net proceeds from the share issuance will be used for business plans, general working capital, and other corporate purposes [3] Company Background - Maase Inc., founded in 2010, aims to be a leading provider of technology-driven family and enterprise services, focusing on enhancing quality of life through technological intelligence and capital investments [6] - The company holds controlling interests in two financial service providers in China: AIFU Inc. and Puyi Fund Distribution Co., Ltd. [7]
Sable Announces C$1.75 Million Private Placement with Moxico Resources
Globenewswire· 2025-07-02 11:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- Sable Resources Ltd. (“Sable” or the “Company”) (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that Moxico Resources plc (“Moxico”) has agreed to acquire a 9.9% ownership stake in the Company through the purchase of 31,800,000 common shares (“Shares”) at C$0.055 per Share for a total subscription of C$1,749,000 (the “Private Placement”), subject to ...
Indaptus Therapeutics, Inc. Announces Additional Sale of $3.4 Million in Private Placement of Convertible Notes and Warrants
Globenewswire· 2025-07-01 12:14
Core Points - Indaptus Therapeutics, Inc. has raised a total of $5.7 million through the sale of convertible promissory notes and accompanying warrants [1][2] - The notes have a 6% annual interest rate and will mature on July 28, 2026, with conversion into common stock at a price equal to 80% of the average Nasdaq closing price for the five trading days prior to conversion, capped at $11.20 [2] - Warrants to purchase 200% of the conversion shares will be issued upon conversion, with an exercise price equal to the conversion price and a term of five years [3] - The net proceeds from the offering will be used for research and development activities, including funding a Phase 1b/2 clinical trial, as well as for working capital and general corporate purposes [4]
American Tungsten Corp. Announces Non-Brokered Private Placement of Shares
Globenewswire· 2025-06-30 22:00
Core Viewpoint - American Tungsten Corp. is proceeding with a non-brokered private placement to raise up to $2,500,000 through the sale of 5,000,000 common shares at $0.50 per share, aimed at accelerating the development of the IMA Tungsten Project and enhancing its position in the North American tungsten supply chain [1][2]. Group 1: Offering Details - The private placement will involve the issuance of up to 5,000,000 common shares at a price of $0.50 per share, generating gross proceeds of up to $2,500,000 [1]. - The company will pay finders' fees of up to 7.0% of the gross proceeds and issue non-transferable finders' warrants equal to 7.0% of the shares sold, allowing the holder to acquire shares at $0.50 for up to 24 months [3]. - The closing of the offering is contingent upon receiving necessary corporate and regulatory approvals, and there is no minimum subscription amount required [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration work programs, option payments, mineral property acquisitions, marketing, and general working capital [4]. Group 3: Company Overview - American Tungsten Corp. is focused on tungsten and magnetite exploration in North America, particularly advancing the IMA Mine Project in Idaho, which has a historical production background [7]. - 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 [7].