Flow - Through Private Placement
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Maxus Mining Announces Closing of Flow Through Private Placement
Globenewswire· 2025-11-07 21:56
Core Points - Maxus Mining Inc. has successfully closed a non-brokered private placement, raising gross proceeds of C$2,600,500.10 through the issuance of 2,364,091 flow-through shares at a price of C$1.10 per share [1][2] - The proceeds from the offering will be allocated towards exploration activities on the company's project portfolio, which includes various mineral properties in Canada [1][2] Company Overview - Maxus Mining Inc. is a mineral exploration company focused on locating, acquiring, and developing economic mineral properties in premier jurisdictions, with a diverse portfolio covering approximately 15,342 hectares [5] - The company's projects include three antimony projects, the Penny Copper Project, and the Lotto Tungsten Project, with significant historical exploration activity and promising assay results [5][6][7] Financial Details - The company paid a total of $155,700 in cash finder's fees related to the private placement [3] - All securities issued in connection with the offering are subject to a statutory hold period of four months and one day [3] Project Highlights - The Penny Copper Project, covering 3,123 hectares, has a history of exploration and recent sampling returning copper values up to 2,388 ppm [6] - The Quarry Antimony Project has shown promising historical assay results, including high-grade antimony and other metals [7] - The Alturas Project recently reported high-grade antimony assays up to 69.98% Sb, indicating strong potential for future exploration [7]
Integral Metals Announces Flow-Through Private Placement for up to C$1,000,000
Globenewswire· 2025-10-17 12:00
Core Points - Integral Metals Corp. plans to complete a non-brokered flow-through private placement of units at a price of $0.95 per Unit for gross proceeds of up to C$1,000,000 [1] - Each Unit will consist of one flow-through common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at C$1.00 for 24 months [1] - The proceeds from the sale of the FT Shares will be used for Canadian exploration expenses, which the Company intends to renounce to the initial purchasers [2] - The Offering is subject to regulatory approvals and is expected to close around November 15, 2025 [3] Company Overview - Integral Metals Corp. is engaged in mineral exploration for critical minerals, including gallium, germanium, and rare earth elements [5] - The Company aims to contribute to the development of a domestic supply chain for these minerals [5] - Integral holds properties in mining-friendly jurisdictions in Canada and the USA, including the Northwest Territories, Manitoba, and Montana [5]
GFG Announces C$4.0 Million Flow-Through Private Placement
Globenewswire· 2025-10-16 10:30
Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$4.0 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Offering Details - The offering will consist of up to 13,489,209 Premium Units priced at C$0.2224 each and up to 5,405,405 flow-through shares (FT Shares) priced at C$0.185 each, aiming for maximum gross proceeds of C$4.0 million [2]. - Each Premium Unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.24 for 24 months [2]. - The offering is expected to close around November 3, 2025, pending necessary approvals, including from the TSX Venture Exchange [3]. Regulatory Compliance - The FT Shares and Premium Units will be offered under the Listed Issuer Financing Exemption, meaning they will not be subject to a hold period under Canadian securities laws [4]. - The company may pay finder's fees of up to 6% on a portion of the offering, in compliance with applicable securities laws [3]. Insider Participation - Certain insiders are expected to participate in the offering, which will be classified as a "related party transaction" under Multilateral Instrument 61-101 [5]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements for this related party participation [5]. Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in gold projects located in tier one mining jurisdictions, operating three significant gold projects in Timmins, Ontario, Canada [7].
Beauce Gold Fields To Proceed With A $450,000 Flow-Through Private Placement
Thenewswire· 2025-09-30 19:05
Core Viewpoint - Beauce Gold Fields is initiating a non-brokered private placement of 10,000,000 Flow-Through units at a price of $0.045 per unit, aiming for gross proceeds of $450,000 to finance exploration on its gold properties [1][4]. Group 1: Private Placement Details - Each Flow-Through unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.12 for 24 months post-closing [2]. - The placement is targeted at accredited investors and may involve finders' fees, with a restriction that no more than 10% of the proceeds can be allocated for Investor Relations Activities [3]. Group 2: Regulatory and Usage of Proceeds - The private placement is contingent upon receiving all necessary regulatory approvals, including from the TSX Venture exchange [4]. - The proceeds from the offering will specifically be utilized for exploration activities on the company's gold properties [4]. Group 3: Company Overview - Beauce Gold Fields is focused on exploring and developing the largest placer gold district in eastern North America, with its flagship property being the Saint-Simon-les-Mines gold project [7]. - The company aims to trace old placer gold workings back to a bedrock source to uncover economic lode gold deposits, leveraging historical placer gold mining activity in the Beauce region [7].
Inventus Mining Closes $1M Flow-Through Private Placement With Eric Sprott
Globenewswire· 2025-05-22 20:23
Core Points - Inventus Mining Corp. has successfully closed a non-brokered private placement of 8,000,000 flow-through shares at a price of $0.13 per share, resulting in gross proceeds of C$1,040,000 [1][3] - Eric Sprott was the sole subscriber for the private placement, increasing his ownership from approximately 6.9% to 10.6% of the outstanding shares [3] - The proceeds from the private placement will be allocated to Canadian exploration expenses and flow-through mining expenditures, specifically for the Pardo and Sudbury 2.0 projects [6][7] Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district of Ontario, with key assets including the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [9] - The company has approximately 203 million common shares outstanding [9]
Sokoman Minerals Corp. Closes First Tranche of Critical Mineral Flow-Through Private Placement
Newsfile· 2025-05-07 20:59
Core Points - Sokoman Minerals Corp. has closed the first tranche of its CAD$400,000 non-brokered flow-through private-placement financing, raising CAD$300,000 through the sale of 6,000,000 FT common shares at CAD$0.05 each [1][2] - The company plans to utilize the proceeds from the financing to fund eligible Canadian exploration expenses, which will be renounced in favor of the subscribers of the FT Shares [4] - The company has received CAD$150,000 from the Government of Newfoundland and Labrador through the Mineral Incentive Program to support its exploration efforts [5] Financial Details - The first tranche of the financing includes cash finders' fees totaling CAD$18,000 and 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year [2] - The total treasury of the company is expected to strengthen to approximately CAD$1.3 million following this financing [2] Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing primarily on gold projects [6] - The company's flagship projects include the Moosehead, Crippleback Lake, and Fleur de Lys projects, targeting Dalradian-type orogenic gold mineralization [6] - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6][7]