Flow - Through Mining Expenditures
Search documents
Exploits Increases and Closes Final Tranche of Its Flow Through Share Private Placement
TMX Newsfile· 2025-12-30 22:01
Core Viewpoint - Exploits Discovery Corp. has successfully closed the final tranche of its non-brokered private placement, raising an additional $690,750 through the issuance of 9,210,000 flow-through common shares at a price of $0.075 per share [1]. Group 1: Financing Details - The final tranche of the financing is subject to a hold period expiring on April 30, 2026, in accordance with Canadian securities laws [1]. - The gross proceeds from the financing will be used for eligible Canadian exploration expenses, specifically for flow-through mining expenditures in Québec and Ontario [2]. - The company will incur these qualifying expenditures on or before December 31, 2026, and will renounce them to the subscribers of the flow-through shares by December 31, 2025, for an amount not less than the gross proceeds raised [3]. Group 2: Finder's Fees and Participation - The company paid a total cash finder's fee of $37,170 in connection with the financing, with no finder's warrants issued [4]. - Directors and officers of the company participated in the financing, relying on exemptions from minority approval and valuation requirements under MI 61-101 [4]. Group 3: Company Overview - Exploits Discovery Corp. is a Canadian gold exploration company focused on expanding its resources in top-tier mining jurisdictions in Québec and Ontario, with approximately 680,000 ounces of historical gold resources across its projects [6]. - The company's strategy aims to unlock district-scale potential through systematic exploration and strategic partnerships, thereby creating shareholder value through discovery and resource growth [6].
Doubleview Gold Corp Announces Non-Brokered Private Placement of Flow-Through Units
TMX Newsfile· 2025-12-18 00:41
Core Points - Doubleview Gold Corp. announced a non-brokered private placement of flow-through units for gross proceeds of up to approximately C$2,000,000 to fund its exploration program, particularly for the Hat Project in British Columbia [1][4] - The private placement will consist of up to 1,538,462 flow-through units priced at $1.30 each, which will include one common share and one common share purchase warrant [2][3] - The company is focused on identifying and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia [4][5] Financial Details - The proceeds from the private placement will be allocated for drilling, geological advisory, analytical services, and other development work qualifying as "flow-through mining expenditures" [1] - Each warrant allows the holder to purchase one common share at an exercise price of $2.00 for a period of 24 months following the closing date [2] Regulatory and Compliance - All securities issued under this offering will be subject to resale restrictions and a hold period of four months and one day from the date of issuance [3] - The closing of the offering is contingent upon receiving all necessary regulatory approvals, including from the TSX Venture Exchange [4]
Thunder Gold Upsizes Private Placement of Flow-Through Units to $2.15 Million
TMX Newsfile· 2025-12-17 13:30
Core Viewpoint - Thunder Gold Corp. has increased its non-brokered private placement of flow-through units to meet investor demand, aiming for gross proceeds of approximately C$2,150,000 to fund exploration at its Tower Mountain Gold Property [1][3]. Group 1: Private Placement Details - The private placement will consist of up to 28,666,667 flow-through units priced at $0.075 each, with proceeds allocated for exploration and qualifying Canadian expenses [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, with the warrant exercisable for an additional common share at $0.10 for 18 months [2]. - The expected closing date for the private placement is around December 19, 2025, pending approval from the TSX Venture Exchange [3]. Group 2: Financial Aspects - The company may pay finders' fees of up to 6% of the gross proceeds raised under the private placement [4]. - The securities issued will not be registered under the U.S. Securities Act and cannot be sold to U.S. persons without compliance [5]. Group 3: Tower Mountain Gold Property - The Tower Mountain Gold Property spans 2,500 hectares and is located near Thunder Bay, Ontario, featuring significant geological characteristics conducive to gold discovery [7]. - Drilling has revealed anomalous gold extending over 500 meters along a 1,500-meter strike length, indicating a promising exploration opportunity [7]. Group 4: Company Overview - Thunder Gold Corp. is a junior exploration company focused on gold discovery in Canada, emphasizing its commitment to exploring its mineral properties [8].
Thunder Gold Announces $2 Million Non-Brokered Private Placement of Flow-Through Units
Newsfile· 2025-12-12 12:30
Core Viewpoint - Thunder Gold Corp. is initiating a non-brokered private placement of flow-through units to raise approximately C$2,000,000 for exploration activities at its Tower Mountain Gold Property in Ontario [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 26,666,667 flow-through units priced at $0.075 each, aiming for gross proceeds of approximately C$2,000,000 [2]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, with the whole warrant exercisable for an additional common share at an exercise price of $0.10 for 18 months [3]. - The closing of the private placement is expected around December 19, 2025, pending approval from the TSX Venture Exchange [4]. Group 2: Use of Proceeds - Proceeds from the private placement will fund ongoing exploration at the Tower Mountain Gold Property and other qualifying Canadian exploration expenses [1]. Group 3: Tower Mountain Gold Property Overview - The Tower Mountain Gold Property spans 2,500 hectares and is located 40 kilometers west of Thunder Bay, Ontario, featuring significant geological characteristics conducive to gold discovery [8]. - Drilling has revealed anomalous gold extending over 500 meters along a 1,500-meter strike length, with potential for further exploration in the surrounding area [8]. Group 4: Company Background - Thunder Gold Corp. is a junior exploration company focused on gold discovery in Canada, with its operations centered on the Tower Mountain Gold Property [9].
Canamera Energy Metals Announces Non-Brokered Flow-Through Private Placement
Newsfile· 2025-12-04 14:33
Core Viewpoint - Canamera Energy Metals Corp. plans to conduct a non-brokered private placement to raise up to $1.12 million through the issuance of flow-through units, aimed at funding Canadian exploration expenses that qualify as flow-through mining expenditures under Canadian tax law [1][2]. Group 1: Private Placement Details - The private placement will involve issuing up to 2,000,000 flow-through units at a price of $0.56 per unit, with each unit consisting of one flow-through common share and one-half of a common share purchase warrant [1]. - Each whole warrant will be exercisable at $0.65 to acquire one common share for a period of up to 36 months [1]. - The offering is subject to customary closing conditions and will have a statutory hold period of four months and one day [3]. Group 2: Use of Proceeds - Proceeds from the sale of the flow-through units are intended to be used for incurring Canadian exploration expenses, allowing them to be renounced to the purchasers [2]. Group 3: Company Overview - Canamera Energy Metals Corp. is focused on rare earth and critical metals exploration, with a portfolio that includes projects in British Columbia, Northern Ontario, Colorado, and Brazil [4]. - The company targets underexplored regions with strong geological signatures and employs various datasets to advance exploration targets [4].
ESGold Corp. Announces Upsize of Flow-Through Share Private Placement to Gross Proceeds of up to C$4.5 Million
Newsfile· 2025-11-27 21:15
Core Viewpoint - ESGold Corp. has increased the maximum gross proceeds of its non-brokered private placement from C$2.975 million to C$4.505 million due to strong investor demand [1] Group 1: Offering Details - The company plans to sell up to 5,300,000 flow-through common shares at a price of C$0.85 per share [1] - The offering is expected to close on or about December 8, 2025, subject to necessary corporate and regulatory approvals [4] - All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance [4] Group 2: Use of Proceeds - Proceeds from the offering will be used to fund exploration of the Montauban Property in Quebec [2] - The funds will qualify as "flow-through mining expenditures" under Canadian tax laws and will be renounced to purchasers with an effective date no later than December 31, 2025 [2] Group 3: Company Overview - ESGold Corp. is a fully permitted, fully funded, pre-production mining company focused on a clean mining model across North and South America [5] - The company's flagship project, the Montauban Gold-Silver Project, is under construction with production anticipated in 2026 [5] - ESGold is also advancing a joint venture in Colombia for tailings reprocessing and exploration [5]
Doubleview Gold Corp Announces Non-Brokered Private Placement of Flow-Through Shares at $1.00 per share along with Non-Flow-Through Units
Newsfile· 2025-10-31 01:07
Core Viewpoint - Doubleview Gold Corp is initiating a non-brokered private placement of flow-through shares and non-flow-through units, aiming to raise gross proceeds of up to C$10,000,000 to fund exploration and working capital [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 5,000,000 flow-through shares priced at $1.00 each, targeting gross proceeds of C$5,000,000 [1]. - Additionally, the company will issue up to 7,142,857 non-flow-through units at a price of $0.70 per unit, also aiming for C$5,000,000 [2]. - Each non-flow-through unit will include one common share and one full warrant, with an exercise price of $1.00 valid for 24 months [2]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will specifically fund exploration activities on the Hat Project in British Columbia, which includes drilling and geological services [1]. - The overall proceeds will also support general working capital needs for the company [1]. Group 3: Regulatory and Compliance Information - All securities issued under this offering will be subject to resale restrictions and a hold period of four months and one day from the issuance date [3]. - The closing of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [4]. Group 4: Company Overview - Doubleview Gold Corp is a mineral resource exploration and development company based in Vancouver, focusing on precious and base metal projects across North America, particularly in British Columbia [4]. - The company aims to enhance shareholder value through the acquisition and exploration of critical minerals, utilizing advanced exploration techniques [4][5]. Group 5: Hat Polymetallic Deposit - The Hat Deposit is a significant polymetallic porphyry project in northwestern British Columbia, with major resources of copper, gold, cobalt, and potential for scandium [8]. - The resource estimate includes 150 million tonnes of indicated resources with an average grade of 0.408% CuEq and 477 million tonnes of inferred resources with an average grade of 0.344% CuEq [8].
Giga Metals Completes First Tranche of Private Placement of Critical Minerals Flow-Through and Non-Flow-Through Units
Globenewswire· 2025-10-29 20:05
Core Viewpoint - Giga Metals Corp. has successfully closed the first tranche of its private placement, raising a total of $1,525,000 to support its Turnagain nickel-cobalt project and general corporate purposes [1][4]. Group 1: Private Placement Details - The first tranche included 8,637,693 Critical Mineral Flow-Through (FT) units priced at $0.13 each, generating gross proceeds of $1,122,900, and 3,404,109 Non-Flow-Through (NFT) units priced at $0.11 each, generating gross proceeds of $374,452 [2]. - Each FT unit consists of one flow-through share and a non-transferable share purchase warrant, allowing the holder to acquire an additional share at $0.25 for 36 months [3]. - Each NFT unit includes one non-flow-through share and a non-transferable share purchase warrant with the same terms as the FT units [3]. Group 2: Use of Proceeds - The gross proceeds from the private placement will be allocated to exploration activities for the Turnagain project and other potential Canadian properties, with a commitment to incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures [4]. Group 3: Finder's Fees and Future Plans - Finder's fees amounted to $102,574 in cash and 822,563 finder's warrants, each exercisable into one common share at $0.13 for three years [5]. - A second tranche of the private placement is expected to close around November 5, 2025, pending necessary regulatory approvals [6]. Group 4: Company Overview - Giga Metals Corporation's primary asset is the Turnagain Project in northern British Columbia, which is recognized for its significant undeveloped sulphide nickel and cobalt resources [7]. - The Turnagain complex also shows potential for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [8].
Aventis Energy Announces Closing of Flow-Through Financing
Globenewswire· 2025-07-04 22:42
Core Viewpoint - Aventis Energy has successfully closed a non-brokered private placement, raising C$350,000 through the issuance of 1,400,000 flow-through units, which will be used for exploration on its project portfolio [1][3]. Group 1: Offering Details - The private placement consisted of flow-through units priced at C$0.25 each, generating gross proceeds of C$350,000 [1]. - Each flow-through unit includes one common share and half a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.35 for 24 months [2]. - A total of C$21,000 was paid in cash as finder's fees in connection with the offering [4]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated to eligible Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [3]. - All qualifying expenditures will be renounced in favor of the subscribers of the flow-through units effective December 31, 2025 [3]. Group 3: Company Overview - Aventis Energy Inc. is focused on mineral exploration, particularly in battery, base, and precious metals, with projects in stable jurisdictions [6]. - The company is advancing its Corvo Uranium and Sting Copper projects, which have shown promising historical drill results [6][7][8].
Cassiar Gold Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Newsfile· 2025-06-25 20:38
Core Viewpoint - Cassiar Gold Corp. has announced a brokered private placement offering for gross proceeds of up to C$5 million, which includes flow-through units and regular units to fund exploration activities on its flagship Cassiar Gold Project in British Columbia [1][4]. Offering Details - The offering consists of up to 11,111,111 flow-through units priced at C$0.36 each, aiming for gross proceeds of up to C$4 million, and up to 4,000,000 regular units for gross proceeds of up to C$1 million [1][2]. - Each flow-through unit includes one common share and one warrant, while each regular unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.50 within 24 months [2]. Use of Proceeds - Gross proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the Cassiar Gold Project, with expenses to be incurred by December 31, 2026 [4]. - Net proceeds from the sale of regular units will be allocated for general and administrative expenses [4]. Regulatory Compliance - The offering will comply with applicable regulatory requirements and will be available to purchasers in specific Canadian provinces under the listed issuer financing exemption [5]. Closing Date - The offering is scheduled to close on July 10, 2025, subject to necessary regulatory approvals [9]. Company Overview - Cassiar Gold Corp. holds a 100% interest in the Cassiar Gold Property, which spans 590 km² and includes the Cassiar North and Cassiar South project areas, with significant historical gold production and exploration potential [11][12].