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Flow - Through Mining Expenditures
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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].
Thesis Gold Announces Upsize of Bought Deal Private Placement to C$24 Million
Globenewswire· 2025-06-12 15:11
Core Viewpoint - Thesis Gold has increased its underwritten offering from C$20 million to C$24 million due to strong investor demand [1] Offering Details - The Offering will consist of three types of flow-through shares: - 5,770,000 BC CEE Flow-Through Shares at C$1.56 each for gross proceeds of C$9,001,200 [2] - 8,660,000 National CEE Flow-Through Shares at C$1.445 each for gross proceeds of C$12,513,700 [2] - 1,930,000 Traditional Flow-Through Shares at C$1.30 each for gross proceeds of C$2,509,000 [2] - The Underwriters have an option to purchase up to an additional 15% of the Offering to cover over-allotments [2] Participation and Rights - Centerra Gold Inc. intends to participate in the Offering to maintain its shareholding interest in Thesis Gold [3] Regulatory and Compliance - All securities issued will be subject to a four-month hold period and the Offering is subject to approval by the TSX Venture Exchange [4][7] Financial Terms - The Company will pay a cash commission of 6% of the gross proceeds to the Underwriters upon closing [5] Use of Proceeds - Gross proceeds will be used for eligible Canadian exploration expenses related to the Lawyers Ranch project in British Columbia [6] Project Overview - Thesis Gold is focused on the Lawyers-Ranch Project, which has shown a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion [8]