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Carlton Precious Announces Additional Tranche of Private Placement
Globenewswire· 2025-06-17 02:41
Core Points - Carlton Precious Inc. has closed an additional and final tranche of a non-brokered private placement, issuing 126,389 units at a price of $0.09 per unit, resulting in gross proceeds of $11,375 [1] - The total private placement now amounts to 18,303,277 units with total aggregate proceeds of $1,647,295 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at $0.12 for 24 months [2] Financial Utilization - Net proceeds from the private placement will be used to initiate a drilling program at the Esquilache Project in Peru, conduct exploration at the Matthina Gold Project, and for general working capital [3] Related Party Transaction - The final tranche of the private placement involved a related party transaction, as an insider subscribed for 126,389 units [4] - The company is relying on exemptions from certain requirements of MI 61-101 due to the insider's participation not exceeding 25% of the company's market capitalization [4] Company Overview - Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, listed on the TSX Venture Exchange [6] - The company operates in key mining jurisdictions, including Peru and Australia [6]
Westhaven Announces Non-Brokered Private Placement With Eric Sprott and Earthlabs, for Gross Proceeds of $3.16 Million
Globenewswire· 2025-06-16 13:25
Core Viewpoint - Westhaven Gold Corp. has announced a non-brokered private placement to raise gross proceeds of $3,160,000 through the sale of units and flow-through units, aimed at advancing its exploration projects in British Columbia, particularly the Shovelnose gold project [1][3]. Group 1: Private Placement Details - The offering includes 8,333,333 units priced at $0.12 each and 12,500,000 flow-through units priced at $0.1728 each [1]. - The total gross proceeds from the offering are expected to be $3,160,000 [1]. - The private placement is anticipated to close around July 3, 2025, subject to necessary approvals [5]. Group 2: Use of Proceeds - Proceeds from the sale of units will be allocated for working capital and general corporate purposes [4]. - Gross proceeds from the flow-through units will be used for Canadian exploration expenses, qualifying as "flow-through mining expenditures" [4]. - The company plans to expand its summer exploration drilling program to at least 5,000 meters, focusing on the Shovelnose gold project [3]. Group 3: Key Stakeholders - Eric Sprott and Earthlabs Inc. are expected to be the primary subscribers for the units and the end purchaser of the flow-through units [2]. - The financing is viewed as a strong endorsement of Westhaven's strategy to develop its Spences Bridge Gold Belt properties [3]. Group 4: Project Overview - The Shovelnose gold project has a recently updated Preliminary Economic Assessment indicating a potential for robust, low-cost, high-margin underground gold mining [10]. - The project is projected to have an average annual life-of-mine gold production of 56,000 ounces, with an after-tax NPV of Cdn$454 million and an IRR of 43.2% based on base case parameters [10].
Chesapeake Gold Closes $4.4 Million Private Placement with Eric Sprott
Newsfile· 2025-06-13 22:00
Core Viewpoint - Chesapeake Gold Corp. has successfully completed a non-brokered private placement, raising gross proceeds of $4,440,000 through the issuance of 3,700,000 units at a price of $1.20 per unit, with Eric Sprott as the sole investor [1][2][3]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one-half common share purchase warrant, with each warrant exercisable at $1.65 for three years [1][2]. - The net proceeds will be allocated to advancing the company's proprietary oxidative leach technology, ongoing exploration projects including the Lucy project, and general working capital [2]. Group 2: Investor Information - Eric Sprott, through 2176423 Ontario Ltd., acquired 3,700,000 units for a total consideration of $4,440,000, increasing his ownership from approximately 13.4% to 17.9% of the outstanding common shares on a non-diluted basis [3][4]. - After the private placement, Sprott holds 12,883,499 common shares and 1,850,000 warrants, representing 19.9% of the outstanding common shares on a partially diluted basis [4]. Group 3: Regulatory and Compliance - The participation of Eric Sprott in the private placement is classified as a "related party transaction" under TSX Venture Exchange policies, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [7]. - The securities issued are subject to a hold period expiring on October 14, 2025, and the private placement is pending final approval from the TSXV [8]. Group 4: Company Overview - Chesapeake Gold Corp.'s flagship asset is the Metates Project in Durango State, Mexico, which hosts one of the largest undeveloped gold-silver deposits in the Americas, with over 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category [12].
Bonterra Announces Upsize of Brokered Private Placement to $10.5 million
Globenewswire· 2025-06-13 21:11
Core Points - Bonterra Resources Inc. has increased the size of its brokered private placement due to strong market demand, now targeting gross proceeds of up to approximately $10,500,000 [1][4] - The offering includes three types of units: up to 22,727,272 "hard-dollar" units at $0.22 each, up to 14,583,333 "flow-through" units at C$0.24 each, and up to 6,557,377 "Premium flow-through" units at C$0.305 each [1][3] - The completion of the offering is expected on June 30, 2025, subject to customary conditions and necessary approvals [4] Use of Proceeds - The net proceeds from the offering will be used to fund ongoing operations for the next twelve months [5] - Proceeds from the sale of HD Units will be allocated for general corporate and administrative matters [6] - Gross proceeds from FT Units and Premium FT Units will be used to incur eligible "Canadian exploration expenses" as defined in the Income Tax Act (Canada) [6]
Marimaca Copper Announces Closing of Second Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-13 20:05
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of approximate ...
Panoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
Newsfile· 2025-06-12 20:36
Core Viewpoint - Panoro Minerals Ltd. has announced a brokered private placement offering to raise gross proceeds of up to C$10 million through the sale of up to 20 million units at a price of C$0.50 per unit [1][2]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.70 within 36 months of the closing date [1]. - The agents have an option to purchase up to an additional 15% of the units for additional gross proceeds of up to C$1.5 million [2]. - The offering is scheduled to close on June 23, 2025, or within 45 days of the announcement date, subject to certain conditions [8][9]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill drilling, metallurgical testing, pre-feasibility engineering, and completing an updated preliminary economic assessment for the Cotabambas Copper-Gold-Silver project [3]. - Additional uses include working capital, mineral concession payments, and general corporate purposes [3]. Group 3: Regulatory and Compliance - The offering will be conducted as a private placement in Canada (excluding Quebec), the United States, and other agreed jurisdictions, exempt from certain registration requirements [4]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or applicable exemptions [5].
Marimaca Copper Announces Closing of First Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-11 16:17
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce the closing of the first tranche of the previously announced non-brokered private placement (the “Private Placement”). Pursuant to the Private Placement, Assore Inte ...
LEADING EDGE MATERIALS ANNOUNCES UP TO $4,000,000 NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-06-11 06:30
Core Viewpoint - Leading Edge Materials Corp. plans to conduct a non-brokered private placement of up to 25,000,000 units at a price of C$0.16 per unit, aiming for total gross proceeds of up to C$4,000,000 [2][3]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.32 until four years from the closing date [4]. - The company anticipates participation from certain insiders, which will be considered a related party transaction, but expects to rely on exemptions from formal valuation and minority shareholder approval requirements [5]. - The placement targets Canadian, Nordic, and other international investors, with all securities subject to a hold period of four months and one day from the closing date [6]. Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated to the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance Information - The private placement is subject to necessary regulatory approvals, including that of the TSX Venture Exchange [6]. - The securities will not be registered under U.S. securities laws and cannot be offered or sold in the U.S. without registration or an applicable exemption [8][20].
Walker Lane Resources Announces Terms for Private Placement Units to Raise C$1,320,000
Globenewswire· 2025-06-10 08:00
Core Viewpoint - Walker Lane Resources Ltd. is initiating a non-brokered private placement to raise up to C$1,320,000 through the issuance of units at specified prices [1][2]. Group 1: Offering Details - The offering consists of 4,000,000 non-flow through units priced at C$0.12 each and 6,000,000 flow-through units priced at C$0.14 each [1]. - Each unit includes one common share and one full warrant, allowing the purchase of one non-flow-through common share at C$0.16 for 24 months post-closing [2]. - The closing date is expected on or before a specified date, subject to customary conditions and regulatory approvals [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to fund property expenses and exploration activities at the company's properties in Yukon, British Columbia, and Nevada, including drilling on the Amy Project [6]. - Additional funds will be used for general working capital [6]. Group 3: Company Overview - Walker Lane Resources Ltd. focuses on exploring high-grade gold, silver, and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. [5]. - The company plans to implement an aggressive exploration program to advance its projects, particularly the Amy Project, which is currently under review for an exploration permit [5].
Carlton Precious Announces Further Upsize to Private Placement
Globenewswire· 2025-06-10 01:51
Core Points - Carlton Precious Inc. has announced an increase in its non-brokered private placement to up to 18,700,000 units at a price of $0.09 per unit, aiming for gross proceeds of up to $1,683,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at $0.12 for 24 months [1] - The company may pay eligible finders a cash commission of 7% of the gross proceeds and issue broker warrants equal to 7% of the units issued [2] - The net proceeds from the private placement will be used to initiate a drilling program at the Esquilache Project in Peru and for general working capital [3] - All securities issued will be subject to a hold period of four months plus a day from the issuance date [3] Company Overview - Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, listed on the TSX Venture Exchange [5] - The company operates in key mining jurisdictions, including Peru and Australia [5]