Flow - Through Shares

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Silver North Closes Previously Announced $2.1 Million Private Placement
Thenewswire· 2025-08-12 20:15
Vancouver, BC, August 12, 2025 – TheNewswire - Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) announces that the non-brokered private placement (the “Offering”) announced June 23, 2025 has now closed. “With the closing of this offering, Silver North is now able to continue to unlock value at the Haldane Property in the historic Keno Hill Silver District,” stated Jason Weber, P.Geo., President and CEO of Silver North. “Our 2025 program at Haldane will commence im ...
Azincourt Energy Corp. Closes First Tranche of Private Placement
Newsfile· 2025-07-15 22:49
Core Viewpoint - Azincourt Energy Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of C$739,948.96 through the issuance of non-flow-through and flow-through units at a price of C$0.015 each [1][3]. Group 1: Offering Details - The private placement consists of 35,329,931 non-flow-through units and 13,999,997 flow-through units [1]. - Each non-flow-through unit includes one common share and one common share purchase warrant, while each flow-through unit includes one flow-through common share and one common share purchase warrant [2]. - The warrants are exercisable at a price of C$0.05 until July 15, 2028 [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to the drilling, exploration, and development of the Snegamook and Harrier Projects in Newfoundland and Labrador, as well as for general working capital [3]. - The funds raised from the flow-through shares will be used to incur eligible resource exploration expenses qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures [5]. Group 3: Financial and Regulatory Information - The company paid cash finders' fees totaling C$44,895 and issued 2,993,000 finders' warrants [4]. - The securities issued are subject to a hold period of four months and one day from July 15, 2025, and require final approval from the TSX Venture Exchange [4].
Happy Creek Announces $3,250,000 Private Placement
Thenewswire· 2025-07-15 11:00
Core Viewpoint - Happy Creek Minerals Ltd is initiating a non-brokered private placement to raise up to C$3,250,000 to advance its Fox Tungsten Project and other exploration initiatives in British Columbia [1][2][3] Financing Details - The private placement consists of charity flow-through units (FT Units) priced at C$0.07 and non-flow-through units (NFT Units) priced at C$0.05 [1] - The offering includes a lead investment from Waratah Capital Advisors Ltd [2] - Each FT Unit comprises one flow-through common share and one half of a common share purchase warrant, while each NFT Unit consists of one common share and one half of a common share purchase warrant [2] Use of Proceeds - Funds raised will be allocated to drilling, exploration, and development of the Fox Tungsten Project, as well as for general working capital [3] - A 10,000 metre drill program is planned for the current exploration season to expand the project's resource base [2] Tax Implications - FT Shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [4] - The company will incur qualifying expenditures equal to the gross proceeds from the issuance of FT Shares by December 31, 2026 [4] Related-Party Transactions - Directors, management, and insiders may participate in the offering, which is considered a related-party transaction but is exempt from formal valuation and minority approval requirements [5] Finder's Fees and Closing Conditions - The company may pay finders' fees in accordance with applicable securities laws [6] - Securities issued will be subject to a hold period of four months and one day from the closing date and require necessary approvals [6] Company Overview - Happy Creek Minerals Ltd focuses on discovering and building resources in British Columbia, with projects including the high-grade Fox Tungsten deposit and others [9][10] - The company is committed to responsible mineral resource development and maintaining relationships with Indigenous communities [12]
GoldHaven arranges Non-Brokered Flow Through Private Placement
Globenewswire· 2025-06-18 15:48
Core Viewpoint - GoldHaven Resources Corp. is conducting a non-brokered private placement of up to 3,846,154 flow-through shares at a price of $0.13 per share, aiming for gross proceeds of up to $500,000 to fund exploration expenses on its British Columbian properties [1][3]. Group 1: Offering Details - The private placement will consist of flow-through shares, which are defined under the Income Tax Act (Canada) [1]. - All securities issued will be subject to a statutory hold period of four months and one day [2]. - The company may pay finder's fees in accordance with applicable securities laws and Canadian Securities Exchange policies [2]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated for Canadian exploration expenses classified as flow-through critical mineral mining expenditures [3]. - The funds will specifically support projects in British Columbia, including the Magno and Three Guardsman projects [3]. Group 3: Company Overview - GoldHaven Resources Corp. is focused on acquiring and exploring land packages in North and South America [4]. - Key projects include the Magno Project, the Three Guardsman Project, the Copeçal Gold Project in Brazil, and three critical mineral projects in Brazil totaling 123,900 hectares [4].
Goliath Resources Closes Concurrent C$4,062,500 Non-Brokered CFT Share Financing At C$3.17 Each For Combined Gross Proceeds of C$27,065,605
Globenewswire· 2025-06-18 11:08
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Further to its news releases dated June 2, 2025, June 9, 2025 and June 16, 2025, Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the “Company” or “Goliath”) is pleased to announce in addition to the bought deal financing that closed earlier this week of 7,256,500 common shares of ...
New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million
Prnewswire· 2025-06-03 12:45
Core Viewpoint - New Found Gold Corp. has successfully closed the first tranche of its public offering, raising a total of C$56,129,100 through the issuance of charity flow-through common shares and common shares, with plans for a second tranche to follow [1][2][4]. Group 1: Offering Details - The first tranche includes 15,265,000 charity flow-through common shares and 4,370,000 common shares, generating gross proceeds of C$42,079,950 [2]. - The charity flow-through common shares were priced at C$2.29 each, while the common shares were priced at C$1.63 each [1]. - The second tranche is expected to consist of 6,135,000 charity flow-through common shares, aiming for additional gross proceeds of C$14,049,150, with a closing date anticipated around June 12, 2025 [4]. Group 2: Underwriting and Fees - The offering was conducted under an underwriting agreement with a syndicate led by BMO Capital Markets and SCP Resource Finance LP, among others [3]. - The company paid the underwriters a cash fee totaling C$2,075,959, which is 5.25% of the gross proceeds from the first tranche, excluding certain sales [7]. Group 3: Use of Proceeds - Proceeds from the charity flow-through common shares will be allocated to eligible Canadian exploration expenses related to the Queensway Gold Project, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [8]. - Net proceeds from the common shares will be utilized to advance the Queensway Project and for general corporate purposes [9]. Group 4: Company Background - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [13]. - The company has completed an initial mineral resource estimate at Queensway and is currently conducting a fully funded preliminary economic assessment, expected to be completed by late Q2 2025 [13][14].
Probe Gold Announces Closing of $45 Million Bought Deal Private Placement
Globenewswire· 2025-04-15 13:34
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pleased to announce that it has closed its previously announced upsized bought-deal private placement. The Offering (as defined below) was completed through a syndicate of underwriters led by Canaccord Genuity Corp., Beacon Securities Limited and Scotiabank and including BMO Capital Mark ...