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37 Capital Closes Third Tranche of Equity Financing
Newsfile· 2025-11-21 01:06
Core Points - 37 Capital Inc. has closed the third tranche of equity financing, raising total gross proceeds of $90,625 by issuing 725,000 units at a price of $0.125 per unit [1] - Each unit consists of one common share and one share purchase warrant, allowing the purchase of one common share at $0.15 for three years [1] - The financing proceeds will be utilized for general working capital [2] Financing Details - A finder's fee of $6,344 was paid in cash, along with the issuance of 50,750 finder's warrants exercisable at $0.15 per share for two years [2] - All securities issued are subject to a hold period expiring on March 21, 2026 [2] Incentive Stock Options - The Company granted 400,000 incentive stock options to an insider, exercisable at $0.155 per common share for three years [3] - These options are reserved under the Company's 20% Rolling Stock Option Plan and are subject to a vesting period [3] - Shares issued from the exercise of these options will also be subject to a hold period expiring on March 21, 2026 [3]
37 Capital Closes Second Tranche of Equity Financing
Newsfile· 2025-11-18 01:57
Core Viewpoint - 37 Capital Inc. has successfully closed the second tranche of its equity financing, raising a total of $62,500 through the issuance of 500,000 units at a price of $0.125 per unit, with each unit comprising one common share and one share purchase warrant [1][2] Financing Details - The financing raised $62,500, with 500,000 units issued at $0.125 each [1] - Each unit includes a warrant allowing the purchase of one common share at $0.15 for three years [1] - A forced exercise provision for the warrants will activate if the company's shares trade at $0.35 or above for 10 consecutive trading days after six months from issuance [1] Use of Proceeds - Funds from the financing will be allocated towards general working capital [2] Insider Transactions - An insider acquired 320,000 units from the financing, which is classified as a related party transaction [3] - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 [3] Regulatory Notes - All securities issued are subject to a hold period expiring on March 18, 2026 [2] - The Canadian Securities Exchange (CSE) has not reviewed the news release and does not accept responsibility for its accuracy [3]
Americas Gold and Silver Accelerates Silver Growth in Idaho via the Proposed Strategic Acquisition of the Neighbouring Crescent Silver Mine and Announces Concurrent US$65 Million Bought Deal Financing
Globenewswire· 2025-11-13 11:42
Core Points - Americas Gold and Silver Corporation has entered into a binding purchase agreement to acquire 100% of Crescent Silver, LLC for approximately US$65 million [2][22] - The acquisition includes US$20 million in cash and approximately 11.1 million common shares valued at US$45 million based on a deemed price of US$4.00 per share [3][22] - The acquisition is expected to close on or about December 3, 2025, subject to regulatory approvals [23][26] Transaction Highlights - The Crescent Mine is strategically located in Idaho's Silver Valley, near the Galena Complex, and is expected to enhance Americas' production capabilities [5][8] - The mine has a historical mineral resource estimate of 3.8 million ounces in the Measured and Indicated category and 19.1 million ounces in the Inferred category [5][13] - The mine has the potential to add 1.4-1.6 million ounces of silver production annually based on a 2015 Preliminary Economic Assessment [5][20] Financing Details - To fund the cash portion of the acquisition, the company has arranged a concurrent equity financing for gross proceeds of US$65 million through a "bought deal" private placement [4][24] - The financing has attracted interest from key institutional investors, including Eric Sprott, the company's largest shareholder [25][26] Operational Synergies - The acquisition is expected to create immediate synergies due to the proximity of the Crescent Mine to the Galena Complex, allowing for efficient processing of high-grade mineralized material [5][8] - The Crescent Mine is fully permitted and has existing infrastructure, which will facilitate a smooth transition into production [9][10] Exploration Potential - Less than 5% of Crescent's landholding has been explored, indicating significant exploration potential [6][11] - The company plans to initiate a US$3.5 million drill program in 2026 to test multiple targets, aiming for long-term success [11][12]
Southern Company(SO) - 2025 Q3 - Earnings Call Transcript
2025-10-30 18:00
Financial Data and Key Metrics Changes - For Q3 2025, the adjusted EPS was $1.60 per share, which is $0.10 above the estimate and $0.17 higher than Q3 2024 [8][9] - Year-to-date adjusted EPS was $3.76 compared to $3.56 for the same period in 2024, indicating a positive trend in earnings [9] - Revenue growth was driven by state-regulated utilities, customer growth, and increased usage, with year-to-date weather-normal retail electricity sales up 1.8% compared to the first three quarters of 2024 [10][11] Business Line Data and Key Metrics Changes - The commercial sector saw a 3.5% growth in weather-normal retail electricity sales compared to Q3 2024, driven by increased sales to data centers, which were up 17% [10][11] - Residential sales also grew by 2.7% year-over-year, with the addition of approximately 12,000 new electric customers in the quarter [11] - Industrial customer segments, including primary metals, paper, and transportation, were up 4% or higher year-over-year [11] Market Data and Key Metrics Changes - Economic development activity in the Southeast remains strong, with 22 companies announcing expansions or new operations, generating nearly 5,000 potential new jobs and expected capital investments of approximately $2.8 billion [11] - The company has contracts in place with large load customers representing 7 gigawatts through 2029, expected to ramp to 8 gigawatts in the 2030s [17] Company Strategy and Development Direction - The company is focused on balancing growth and affordability, with a rate plan extension at Georgia Power freezing base rates until at least 2029 [6] - A disciplined approach to forecasting and pricing is emphasized to ensure that growth does not come at the expense of existing customers [6] - The company plans to continue utilizing equity or equity equivalents to support its path towards a 17% FFO to debt ratio within its planning horizon [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting strong operational and financial results through the first three quarters of the year [20] - The company is well-positioned to address its long-term equity needs and has made significant progress in sourcing equity in a disciplined manner [14] - Management noted that the Southeast economy remains strong and well-positioned for growth, with robust customer growth and increasing usage in commercial and industrial segments [12] Other Important Information - Southern Company was named to Newsweek's World's Most Trustworthy Companies 2025 list, ranking as the highest energy company in the U.S. [20] - The company plans to provide a complete update on its long-term plan during the fourth quarter 2025 earnings call, including capital investment outlook and sales forecast [19] Q&A Session Summary Question: Load growth outlook in Georgia - Management noted that customers understand the long-term commitments being made under the new tariff structure, which has helped bring serious counterparties to the forefront [26][27] Question: Georgia regulatory environment and potential impacts - Management expressed confidence in working constructively with whoever is elected to the Georgia Public Service Commission and highlighted ongoing processes for load forecasts [28] Question: Rebasement timeline and metrics - Management indicated that various factors, including economic performance and large load contracts, will influence the timeline for rebasement decisions [33] Question: Southern Power's asset value and pricing environment - Management confirmed that a large portion of assets are under long-term contracts, with opportunities to renegotiate as contracts expire [40] Question: Nuclear development and federal support - Management expressed excitement about federal actions supporting nuclear development but stated that no announcements regarding new nuclear plants are imminent [55][72] Question: Contracted vs. committed definitions - Management clarified that contracted refers to signed agreements, while committed involves advanced negotiations nearing contract signing [75]
37 Capital Closes First Tranche of Equity Financing
Newsfile· 2025-10-17 20:59
Group 1 - The company, 37 Capital Inc., has closed the first tranche of its equity financing, raising total gross proceeds of $68,750 by issuing 550,000 units at a price of $0.125 per unit [1] - Each unit consists of one common share and one share purchase warrant, allowing the purchase of one common share at a price of $0.15 for a period of three years [1] - A forced exercise provision for the warrants will be activated if the company's shares trade at $0.35 or above for 10 consecutive trading days after six months from the issuance date [1] Group 2 - The funds raised will be allocated towards general working capital [2] - All securities issued are subject to a hold period of four months and one day, expiring on February 17, 2026 [2]
MineralRite Corporation (RITE) Reports on Key Accomplishments for Q3 2025
Newsfile· 2025-10-14 16:18
Core Insights - MineralRite Corporation (RITE) has reported significant progress in its operational and capital-market initiatives for Q3 2025, focusing on mineral recovery and asset monetization [1] Operational Developments - The Arizona State Land Department has requested minor adjustments to RITE's Mine Operating Plan for the Skull Valley lease, with the lease renewal process expected to conclude soon, allowing the company to advance preparatory operations for mine tailings recovery [2] - RITE is in discussions with a U.S. affiliate of an international mining group regarding a joint venture to operate at the Skull Valley site and expand into urban-mining and precious-metal recovery initiatives [12] Regulatory and Compliance Updates - RITE has completed three rounds of responses to SEC comments on its Form 10 registration statement and is preparing for a fourth response, with the filing remaining effective during the current federal government shutdown [3] - The company has achieved a "Penny Stock Exempt" designation from OTC Markets, improving liquidity due to its $432 million in processed mine tailings and over three years of sustained operations [10] Capital Structure and Shareholder Value - Following the announcement of share-reclamation initiatives, RITE reports that an additional 296 million shares are in the process of being returned to treasury, which will reduce potential dilution and enhance shareholder value [4] - RITE's Regulation D offering of Series D Convertible Preferred Shares has been fully subscribed, primarily by long-term investors who are aligned with the company's strategic direction [6][7] Management and Future Strategy - The management team continues to demonstrate confidence through direct share purchases, aligning their financial interests with those of shareholders [5] - The company is currently focused on strengthening market value and limiting dilution before considering future Regulation A offerings [11]
Nicox Extends Existing Flexible Equity Financing
Globenewswire· 2025-08-08 05:30
Core Points - Nicox SA announced an extension of the PACEO equity line of financing with Vester Finance, allowing for an additional maximum of 5,000,000 shares, representing 6.43% of the currently issued share capital [1][3] - The company estimates it is financed into Q3 2026 based on current cash and debt positions, excluding proceeds from the new financing [2] - The total gross proceeds from the additional shares could potentially reach €3.1 million at the current share price [3] Financing Details - The financing agreement allows Vester Finance to subscribe for up to 5,000,000 additional shares under the same terms as previously announced [3] - A shareholder holding 1.00% of Nicox's capital before the transaction would see their stake reduced to 0.94% if the full extension is utilized [3] - The agreement can be terminated by the company at any time without penalty [3] Corporate Governance - The transaction was authorized by the CEO based on a delegation from the Board of Directors [4] - No prospectus is required to be submitted to the Autorité des marchés financiers (AMF) for this transaction [4] Shareholder Information - Vester Finance holds approximately 4% of Nicox's share capital and may sell shares over varying timeframes [5] - The company will announce the number of shares issued under this transaction on its website [6] Company Overview - Nicox SA is focused on developing innovative ophthalmology solutions, with its lead program being NCX 470, aimed at lowering intraocular pressure in glaucoma patients [8] - The company also has a preclinical research program on NCX 1728 and generates revenue from products like VYZULTA® and ZERVIATE® [8] - Nicox is listed on Euronext Growth Paris and is part of the CAC Healthcare index [9]
Abcourt Provides Update on Ongoing Financings
Globenewswire· 2025-06-18 11:00
Core Viewpoint - Abcourt Mines Inc. is initiating a non-brokered private placement of a secured convertible debenture to raise gross proceeds of $3,000,000, alongside a secured financing facility of $8 million and a non-brokered equity financing of $1,000,000, aimed at restarting the Sleeping Giant mine and mill [1][6][11][14]. Debenture Offering - The debenture will have an interest rate of SOFR plus 10% per annum and will mature in four years [2] - The principal amount can be converted into common shares at a price of $0.05 per share in the first year and $0.10 per share in subsequent years [2] - The debenture will be purchased by François Mestrallet, a director of the Corporation, constituting a related party transaction [3] - The Corporation will rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction does not exceed 25% of its market capitalization [4] Financing Facility - The Corporation plans to close a secured financing facility with Nebari Natural Resources Credit Fund II, LP for $8 million, with an interest rate of SOFR plus 12% and a term of 36 months [6] - The Corporation has the option to prepay the outstanding principal amount after 365 days, subject to a minimum prepayment of $1,000,000 [7] - The Lender will receive 87,040,000 warrants, each exercisable for one common share at an exercise price of $0.0625 for 36 months [8] Equity Financing - The Corporation intends to close a tranche of non-brokered equity financing for gross proceeds of $1,000,000, selling units at a price of $0.05 per unit [11] - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at $0.08 for 36 months [12] - If the trading price of common shares exceeds $0.12 for 20 consecutive trading days, the Corporation may accelerate the expiry date of the unit warrants [13] Use of Proceeds - The net proceeds from the debenture offering, financing facility, and private placement will be used to restart the Sleeping Giant mine and mill, repay outstanding payables, and for general corporate purposes [14]