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Osisko Development Announces Upsizing of Previously Announced "Bought Deal" LIFE Offering; Additional Concurrent Private Placement
Globenewswire· 2025-10-09 19:59
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Total Upsized Offering of C$60 Million MONTREAL, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that, as a result of excess demand, it has entered into an amending agreement with National Bank Financial Inc., BMO Capital Markets and RBC Capital Markets, acting as co-lead underwriters and co-bookrunners (collective ...
Osisko Development Announces C$30 Million Bought Deal Life Offering of National and BC Flow-Through Shares
Globenewswire· 2025-10-08 21:36
MONTREAL, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has entered into an agreement with certain underwriters, pursuant to which the underwriters have agreed to purchase (or arrange for substituted purchasers to purchase), on a "bought deal" private placement basis pursuant to the LIFE Exemption (as defined herein), two tranches of flow-through shares for aggregate gross proceeds of C$30,010,020 (the ...
Xcite Resources Announces Concurrent Non-Brokered Private Placements of Hard-Dollar Units and Flow-Through Shares to Close with Existing Brokered Offerings
Newsfile· 2025-10-01 21:26
Xcite Resources Announces Concurrent Non-Brokered Private Placements of Hard-Dollar Units and Flow-Through Shares to Close with Existing Brokered OfferingsOctober 01, 2025 5:26 PM EDT | Source: Xcite Resources Inc.(Not for distribution to US news wire services or dissemination in the United States)Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Xcite Resources Inc. (CSE: XRI) ("XRI", "Xcite" or the "Company") is pleased to announce that, in addition to its previously announce ...
Mink Ventures Launches $500,000 Non-Brokered Private Placement Financing With CMETC Flow-Through and Hard Dollar Units
Globenewswire· 2025-09-25 17:35
Core Viewpoint - Mink Ventures Corporation announced a non-brokered private placement to raise up to $500,000 through the sale of hard dollar units and flow-through units, aimed at funding exploration projects and general working capital [1][5]. Group 1: Offering Details - The Offering will consist of hard dollar units (HD Units) priced at $0.10 each and flow-through units (FT Units) priced at $0.13 each [1]. - Each HD Unit includes one common share and one warrant, allowing the holder to purchase an additional common share at $0.20 for 36 months [2]. - Each FT Unit consists of one flow-through share and one warrant, with similar terms for the warrant as the HD Units [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital [5]. Group 3: Regulatory and Closing Information - The Offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and may close in multiple tranches, with the first expected around October 15, 2025 [6]. - Securities issued will have a hold period of four months and one day and will not be sold in the United States [6]. Group 4: Company Overview - Mink Ventures Corporation is a Canadian mineral exploration company focused on critical minerals in Ontario, with a portfolio that includes the Montcalm and Warren projects [7]. - The Montcalm project covers approximately 100 km² and is adjacent to Glencore's former Montcalm Mine, which had historical production of 3.93 million tonnes of ore with grades of 1.25% Ni, 0.67% Cu, and 0.051% Co [7].
Silver North Closes Previously Announced $2.1 Million Private Placement
Thenewswire· 2025-08-12 20:15
Core Viewpoint - Silver North Resources Ltd. has successfully closed a non-brokered private placement, allowing the company to advance its exploration activities at the Haldane Property in the Keno Hill Silver District [2][4]. Financing Details - The private placement raised gross proceeds of up to $2,100,000 through the sale of charity flow-through units (CFT Units) priced at $0.21 each [2]. - Each CFT Unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.35 per share for 48 months [2]. - Certain purchasers of CFT Units have donated or sold these units at a price of $0.15 per unit [3]. Use of Proceeds - The proceeds from the CFT Units will be allocated to exploration and related programs on the Haldane and GDR mineral properties in Yukon Territory [4][11]. - The company plans to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures by December 31, 2026, and to renounce these expenditures to CFT Unit subscribers by December 31, 2025 [5]. Exploration Plans - A 10-hole diamond drilling program is planned at Haldane, targeting the newly identified Main Fault, which has shown high-grade silver veins [12]. - The drilling will follow up on previous discoveries, including a hole that returned 1,088 g/t silver over 1.83 meters [12]. Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR Project, with plans to acquire additional silver properties in favorable jurisdictions [13]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the U.S. under "TARSF" [14].
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
Core Viewpoint - Goliath Resources Limited has successfully completed a financing round, raising a total of C$27,065,605 through the issuance of Charity Flow-Through Shares, which will be used to advance exploration activities on its Golddigger-Surebet Project [1][4]. Financing Details - The financing included a bought deal of 7,256,500 Charity Flow-Through Shares at C$3.17 each, generating gross proceeds of C$23,003,103, alongside a non-brokered financing of 1,281,545 shares for an additional C$4,062,500 [1]. - A cash commission of 6.0% of the gross proceeds was paid, along with 512,284 common share purchase warrants, each exercisable at C$2.12 until June 16 and June 17, 2027 [3]. Use of Proceeds - The proceeds from the Offering will be allocated to exploration expenses qualifying as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures" under the Income Tax Act (Canada) [4]. - The Company plans to incur these expenses by December 31, 2026, with renouncement to subscribers by December 31, 2025 [4]. Regulatory and Compliance Information - The Offering is subject to a statutory hold period and requires final approval from the TSX Venture Exchange [5]. - The purchase warrants and shares are also subject to a hold period expiring on October 17, 2025, and October 18, 2025, respectively [5]. Company Overview - Goliath Resources Limited is focused on exploring precious metals projects in the Golden Triangle of northwestern British Columbia, with a commitment to high-quality geological settings and safe jurisdictions for mining [7].
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].