Flow - Through Share Financing
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Osisko Metals Announces C$15 Million "Bought Deal" Flow-Through Share Financing
Globenewswire· 2026-01-12 12:00
Core Viewpoint - Osisko Metals Incorporated has announced a bought deal private placement financing for 11,812,000 flow-through shares at a price of C$1.27 per share, aiming to raise gross proceeds of C$15,001,240 to fund Canadian exploration expenses related to its projects [1][2]. Group 1: Financing Details - The financing will involve the issuance of flow-through shares, which are designed to allow the company to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures [2]. - The offering is expected to close around February 3, 2026, pending approval from the Toronto Stock Exchange and other conditions [3]. - A cash commission of 5% of the gross proceeds will be paid to the underwriters for their services [4]. Group 2: Company Overview - Osisko Metals is focused on the critical metals sector, particularly copper and zinc, and has acquired a 100% interest in the Gaspé Copper mine, which is the largest undeveloped copper resource in eastern North America [6]. - The Gaspé Copper project has current indicated mineral resources of 824 million tonnes grading 0.34% CuEq and inferred mineral resources of 670 million tonnes grading 0.38% CuEq [6]. - The company is also advancing the Pine Point project, which has indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq and inferred resources of 8.3 million tonnes at 5.64% ZnEq [7].
Red Canyon Announces Non-Brokered Charity Flow-Through Financing With Lead Order From Strategic Investor
Thenewswire· 2025-08-26 10:30
Core Points - Red Canyon Resources Ltd. announced a non-brokered private placement of Charity Flow-Through Common Shares to raise gross proceeds of up to C$2,200,000 [1] - The lead order for the offering comes from a multinational mining corporation, which will acquire a 9.9% equity interest through the purchase of approximately 6,000,000 common shares, raising about C$1,632,000 [2] - The issue price of C$0.272 per share represents a 94% premium to the last closing price on August 25, 2025 [3] Financial Details - The proceeds will be used for eligible "Canadian exploration expenses" related to the Kendal project and other projects in British Columbia, with a deadline for expenditure by December 31, 2026 [4] - The flow-through critical mineral mining expenditures will qualify for a federal 30% investment tax credit for eligible individual investors, and an additional 20% tax credit for those in British Columbia [4] Offering Timeline - The Charity FT Offering is expected to close on September 18, 2025, subject to regulatory approvals [5] - All securities issued will be subject to a statutory hold period of four months and one day [5] Project Insights - The Kendal copper project is located in British Columbia and has undergone its first drill program, revealing significant hydrothermal alteration and mineralization [7] - The Inzana project area shows potential for multiple copper-gold porphyry centers based on historic exploration results [9] - The Scraper Springs project in Nevada has outlined a potential tier one copper target through expanded geophysical studies [10] Company Overview - Red Canyon Resources is focused on exploring North America's top copper jurisdictions and aims to make impactful copper discoveries [11] - The company is part of the NewQuest Capital Group, which is involved in the incubation and financing of mineral projects [12]