Brokered Offering
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Bunker Hill Announces C$30 Million Brokered LIFE Offering of Units & Warrant Exercise, and Reverse Stock Split
Globenewswire· 2026-02-09 13:07
Core Viewpoint - Bunker Hill Mining Corp. has announced a brokered private placement offering to raise approximately C$25 million through the sale of 138.9 million units at C$0.18 per unit, alongside a reverse stock split aimed at increasing share price for a potential NYSE American listing [1][12][18]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.30 for 36 months [2]. - The company has granted agents an option to sell an additional 15% of the offering at the same issue price [3]. - A cornerstone shareholder is expected to exercise existing warrants for a minimum of C$5 million, which is contingent upon the completion of the offering [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital to ramp up the Bunker Hill Mine to commercial production, exploration, and general corporate purposes [5]. Group 3: Regulatory and Closing Conditions - The offering is being made under the Listed Issuer Financing Exemption and is subject to regulatory compliance, including approvals from the TSX Venture Exchange and applicable securities authorities [6][9]. - The expected closing date for the offering is around March 5, 2026, pending necessary approvals [8]. Group 4: Reverse Stock Split - The company will implement a reverse stock split at a ratio of one-for-thirty-five, reducing the number of common shares from approximately 1.4 billion to about 40 million [12]. - The reverse stock split is intended to increase the share price in preparation for a potential listing on the NYSE American [12][18]. - The reverse stock split is subject to stockholder approval and is expected to take effect on or around March 5, 2026 [13].
Pacifica Silver Announces Upsizing of Brokered Offering
Globenewswire· 2026-01-16 14:40
Core Viewpoint - Pacifica Silver Corp. has increased its brokered private placement offering to raise gross proceeds of up to $20,010,000 due to strong investor demand [1][2]. Group 1: Offering Details - The Upsized Offering consists of 13,800,000 Common Shares priced at $1.45 per share [1]. - The Agents have an option to sell an additional 15% of the Upsized Offering, potentially raising an extra $3,001,500 [2]. - The Offering is expected to close on or about January 23, 2026, subject to necessary approvals [5]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to advance exploration and drilling activities at the Claudia Project in Durango, Mexico, as well as for working capital and general corporate purposes [2]. Group 3: Company Overview - Pacifica Silver Corp. is a Canadian resource company focused on its 100% owned Claudia Project, which spans 11,876 hectares in the historic El Papantón Mining District [8]. - The Project has shown high-grade silver and gold intercepts from historical sampling and drilling, with only about 10% of over 30 kilometers of known veins drilled to date [8].
Panoro Minerals Ltd. Announces Update to Previously Announced Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Globenewswire· 2025-12-22 22:52
Core Viewpoint - Panoro Minerals Ltd. is conducting a private placement to raise up to C$5,000,000 through the sale of units priced at C$0.40 each, with the offering document filed on December 22, 2025 [1][2]. Group 1: Offering Details - The private placement, referred to as the Marketed Offering, aims to sell up to 12,500,000 units, with the first tranche already closed, raising C$2,918,200 from 7,295,500 units sold [2]. - The December Offering Document includes an additional sale of up to 1,300,000 units for gross proceeds of up to C$520,000 [2]. - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.60 until November 21, 2028 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Copper-Gold-Silver project, along with general corporate purposes [6]. Group 3: Regulatory and Compliance - The offering will comply with National Instrument 45-106, allowing sales to purchasers in all Canadian provinces except Québec, and may also be offered in offshore jurisdictions and the U.S. under certain exemptions [7]. - The closing of the offering is scheduled for December 22, 2025, subject to necessary regulatory approvals [9].
AmeriTrust Announces the Launch of Lease Originations and an Amended Brokered Offering of up to $40,000,000
Accessnewswire· 2025-12-09 00:00
Core Viewpoint - AmeriTrust Financial Technologies Inc. is launching an amended brokered offering to raise capital for its automotive finance operations, including a Debenture Offering of up to $25 million and a LIFE Offering of up to $15 million, with the potential for increases through the Agents' Option [1][3]. Group 1: Offering Details - The Debenture Offering will consist of up to 25,000 units priced at $1,000 each, aiming for gross proceeds of up to $25 million, with each unit including a convertible debenture and warrants [6][13]. - The LIFE Offering will consist of up to 300 million units priced at $0.05 each, targeting gross proceeds of up to $15 million, with each unit including a common share and a warrant [13][14]. - The Closing Date for the Offering is anticipated around December 17, 2025, pending regulatory approvals [3][4]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized to restart lease originations in Q1 2026, funding both "flow" and "haircut capital" under a bankruptcy remote trust [4][5]. - The capital raised is expected to catalyze new originations, enhance revenue generation, and support overall growth, with initial operations starting in Texas and plans for expansion into Florida and California [5][20]. Group 3: Financial Structure - The Debentures will mature in five years, with an interest rate of 8% per annum, payable quarterly, and will be convertible into common shares at a conversion price of $0.085 [7][8]. - The Company has the right to force early conversion of the Debentures if certain trading price conditions are met, providing additional interest payments to holders [9][10]. - The Debentures will rank senior to other unsecured obligations and will not be subordinated without majority holder consent [11][12]. Group 4: Agent Commissions and Options - Agents will receive a cash commission of 6% on the gross proceeds from the Debenture Offering and 5% from the LIFE Offering, along with broker warrants as additional compensation [16][17]. - An Agents' Option allows for the issuance of additional units for up to $6 million to cover over-allotments, with specific limits on LIFE Units [18].