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TAG Oil Announces $5 Million Brokered LIFE Offering to Advance Unconventional Development Activities on its Large Oil-In-Place Resource Play at BED-1 and SERQ Concessions, Egypt
TMX Newsfile· 2026-02-02 22:08
Core Viewpoint - TAG Oil Ltd. has announced a private placement offering to raise up to $5 million through the sale of units priced at $0.10 each, which will consist of common shares and warrants [1][2]. Offering Details - The offering will consist of units, each comprising one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.13 for 48 months [2]. - The company has granted the agents an option to increase the offering size by up to 15% [4]. - The offering is expected to close around the week of February 16, 2026, pending regulatory approvals [12]. Use of Proceeds - The net proceeds from the offering will be used for appraisal and development activities at the Badr Oil Field and Southeast Ras Qattara concessions in Egypt, as well as for working capital and general corporate purposes [5][6]. Investment Highlights - TAG Oil has identified the ARF reservoir at BED-1 as a low-permeability carbonate formation with significant development potential, with independent engineers estimating 532 million barrels of oil-in-place [11]. - The SERQ concession is estimated to hold approximately 3.2 billion barrels of oil-initially-in-place across 512,000 acres, with further technical studies planned [11]. - The existing regional infrastructure is expected to lower development risks and timelines [11]. Additional Offering Information - The units will be offered under the listed issuer financing exemption, making them free-trading upon closing in Canada and other qualifying jurisdictions [9]. - The agents will receive an 8% cash commission on the gross proceeds and broker warrants equal to 8% of the units sold [13].
Nuvau Minerals Announces up to $20 Million Brokered Private Placement
Globenewswire· 2026-01-30 13:30
Core Viewpoint - Nuvau Minerals Inc. has announced a brokered private placement aiming to raise up to $20 million through the sale of units and flow-through shares, with proceeds intended for working capital and exploration activities at its Matagami property [1][3]. Group 1: Offering Details - The private placement consists of up to 18,750,000 units priced at $0.80 each, expected to generate up to $15 million, and 5,000,000 flow-through shares priced at $1.00 each, expected to generate up to $5 million [1]. - Each unit includes one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at $1.30 for 36 months post-closing [2]. - The agents involved in the offering have the option to raise an additional $5 million through the sale of more units, common shares, or warrants [1]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for working capital, general corporate purposes, and exploration and development activities at the Matagami property [3]. - The gross proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses, which may qualify as flow-through critical mineral mining expenditures [3]. Group 3: Regulatory and Closing Information - The offering will be conducted as a private placement under applicable prospectus exemptions in Canada and may also be offered to eligible U.S. purchasers under certain exemptions [4]. - The closing of the offering is anticipated around February 19, 2026, subject to conditions including approval from the TSX Venture Exchange [6].
Rua Gold Announces Upsizing of Brokered Offering
Globenewswire· 2026-01-22 14:01
Core Viewpoint - Rua Gold Inc. has increased its brokered private placement offering to raise gross proceeds of up to $24,999,920, driven by strong investor demand [1] Group 1: Offering Details - The Upsized Offering will consist of 22,727,200 Common Shares priced at $1.10 each [1] - The net proceeds will be allocated for exploration and development activities on the Reefton and Glamorgan Projects in New Zealand, as well as for working capital and general corporate purposes [2] - The offering is expected to close on or about January 28, 2026, subject to necessary approvals [6] Group 2: Regulatory and Compliance Information - The Common Shares will be issued under the 'listed issuer financing exemption' and will not be subject to resale restrictions under applicable Canadian securities laws [3] - The offering will not be registered under the U.S. Securities Act and cannot be sold to U.S. Persons without registration or an applicable exemption [7] Group 3: Company Overview - Rua Gold Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [9] - The Glamorgan Project is located in a region that has produced 15 million ounces of gold and 60 million ounces of silver, adjacent to OceanaGold Corporation's major mining project [9]
Pacifica Silver Announces $10 Million Brokered Financing
Globenewswire· 2026-01-15 21:01
Core Viewpoint - Pacifica Silver Corp. has announced a brokered private placement offering of 6,900,000 common shares at a price of $1.45 per share, aiming to raise up to $10,005,000 in gross proceeds [1][3]. Group 1: Offering Details - The offering includes an option for agents to sell an additional 1,035,000 common shares, representing 15% of the offering [2]. - The expected closing date for the offering is around January 23, 2026, subject to necessary approvals [6]. Group 2: Use of Proceeds - The 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 [3]. Group 3: Regulatory and Compliance Information - The common shares will be issued under the 'listed issuer financing exemption' and will not be subject to resale restrictions under applicable Canadian securities laws [4]. - The offering is not registered under the U.S. Securities Act and cannot be sold to U.S. persons without registration or an exemption [7]. Group 4: 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 [9]. - The project has shown high-grade silver and gold intercepts from historical sampling and drilling, with only about 10% of known veins drilled to date, indicating significant exploration potential [9].
VR Upsizes Brokered Private Placement Led by Centurion One Capital to $1,500,000
Globenewswire· 2026-01-09 12:00
Core Viewpoint - VR Resources Limited has announced an increase in its brokered private placement offering due to significant investor demand, raising the total offering to 9,375,000 units for gross proceeds of $1,500,000 [1] Offering Details - Each unit will be priced at $0.16 and will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.20 for 36 months [2] - The offering is contingent upon a consolidation of the company's shares at a ratio of ten pre-consolidation shares for one post-consolidation share, pending approval from the TSX Venture Exchange [3] - Following the consolidation, the company will have approximately 13,344,346 shares outstanding, excluding shares issued in connection with the offering [3] Agent and Commissions - Centurion One Capital Corp. is acting as the lead agent and will receive an 8% commission on the cash proceeds from the sale of the units, along with broker warrants equal to 8% of the units issued [4] Closing and Conditions - The offering is expected to close around January 16, 2026, subject to necessary approvals, including that of the TSX Venture Exchange [5] - The securities issued will have a hold period of four months and one day from the closing date [5] Jurisdiction and Compliance - The units will be offered via private placement in British Columbia, Alberta, and Ontario, as well as in the United States under an exemption from registration requirements [6]
Condor Energies Announces a $10 Million Brokered Financing to Accelerate the 12 Well Drilling Program in Uzbekistan
Globenewswire· 2025-12-09 21:05
Core Viewpoint - Condor Energies Inc. has announced a brokered private placement of convertible debentures, aiming to raise up to $10 million to fund development activities in Uzbekistan and enhance production capabilities [1][4]. Offering Details - The convertible debentures will be priced at $1,000 each, with a total gross proceeds target of $10 million [1]. - Each debenture has a principal value of $1,000, convertible into common shares at a conversion price of $2.00 per share, maturing in 36 months [2]. - The interest rate on the debentures is set at 12% per annum, payable semi-annually in cash [2]. Use of Proceeds - The net proceeds from the offering will be utilized to mobilize a second drilling rig for a planned 12 well drilling program in Uzbekistan in 2026, and for in-field compression facilities to boost production and cash flow [4]. Over-Allotment Option - The company has granted the agents an option to increase the offering size by up to 15%, which can be exercised up to 48 hours before the closing [3]. Closing Timeline - The offering is expected to close around the week of December 22, 2025, subject to regulatory approvals [6]. Agent Compensation - The company will pay a cash commission of 6% on the gross proceeds and issue broker warrants equal to 3% of the common shares issuable upon conversion of the debentures [7].
Silver47 Announces Upsize of Brokered LIFE Financing to $20 Million
Newsfile· 2025-08-26 13:50
Core Viewpoint - Silver47 Exploration Corp. has announced an increase in its brokered private placement offering to up to 28,572,000 units at a price of $0.70 per unit, aiming for gross proceeds of up to $20,000,400 due to strong investor demand [1][2]. Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $1.00 per share for 36 months [2]. - The company has granted the agents an option to increase the offering size by up to $3,000,060, potentially raising total gross proceeds to $23,000,460 if fully exercised [3]. Regulatory Compliance - The offering is being conducted in compliance with National Instrument 45-106, allowing sales to purchasers in all Canadian provinces except Quebec, under the "listed issuer financing exemption" [4]. Use of Proceeds - The net proceeds from the offering will be utilized for further exploration work on the company's projects and for general working capital purposes [2]. Closing Timeline - The company expects to close the offering around September 16, 2025, subject to regulatory approvals and the approval of the TSX Venture Exchange [6]. Agent Compensation - The company will pay the agents a cash commission of 6% of the gross proceeds and issue broker warrants exercisable for 36 months, equal to 6% of the units sold [7]. Company Overview - Silver47 Exploration Corp. focuses on developing silver-rich deposits in North America, with a combined resource totaling 236 million ounces of silver equivalent at an average grade of 334 g/t AgEq inferred and 10 million ounces at 333 g/t AgEq indicated [9].
Hercules Metals Announces C$15 Million Financing
GlobeNewswire News Room· 2025-07-28 23:35
Core Viewpoint - Hercules Metals Corp. has announced a private placement offering of up to 21,430,000 common shares at a price of C$0.70 per share, aiming to raise gross proceeds of up to C$15,001,000 for exploration and development of its Hercules property in Idaho [1][3]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. and BMO Capital Markets as co-lead agents, with an option to sell an additional 3,214,500 shares for up to C$2,250,150 in gross proceeds [1]. - The shares will be offered under the Listed Issuer Financing Exemption, allowing for sales in Canada (excluding Quebec) and the United States without the need for a prospectus [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and development of the Hercules property and for general working capital purposes [3]. Group 3: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with its 100% owned Hercules property hosting the newly discovered Leviathan porphyry copper system [7]. - The company is positioned for growth through continued drilling and has received strategic investment support from Barrick Mining Corporation [7][8].