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Cosa Announces Upsized C$7.5 Million Private Placement
Globenewswire· 2025-11-14 18:23
Core Viewpoint - Cosa Resources Corp. has announced an increase in the size of its private placement offering, aiming to raise up to approximately C$7,500,000 through the sale of various types of units and shares [1][4]. Group 1: Offering Details - The offering includes up to 11,538,462 hard dollar units at C$0.26 per unit, up to 7,537,690 charity flow-through units at C$0.398 per unit, and up to 5,000,000 flow-through common shares at C$0.30 per share [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, while each charity flow-through unit consists of one flow-through share and one-half of a warrant [2]. - The total gross proceeds from the offering are expected to be used for exploration and working capital, with specific allocations for Canadian exploration expenses related to uranium projects in the Athabasca Basin [4]. Group 2: Regulatory and Financial Aspects - The offering will be conducted under exemptions from registration requirements in Canada and the United States, with a hold period of four months plus one day for the issued shares [5][8]. - A cash commission of 5.0% will be paid to agents on the gross proceeds, with a reduced commission of 3.0% for certain purchasers on a president's list [7]. Group 3: Company Background and Strategic Initiatives - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [10]. - The company has a strategic collaboration with Denison Mines, enhancing its access to additional uranium exploration projects [11]. - Cosa's management team has a proven track record in uranium exploration, having received awards for significant discoveries in the region [12].
Beyond Lithium Announces Flow-Through Private Placement for up to C$600,000 and Provides Rare One Project Update
Newsfile· 2025-11-14 12:30
Core Viewpoint - Beyond Lithium Inc. is initiating a non-brokered private placement to raise up to C$600,000 through the sale of flow-through units, while also providing an update on its Rare One rare earths project in British Columbia [1][3]. Offering Details - The offering consists of up to 15,000,000 flow-through units priced at $0.04 each, with each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one non-flow-through common share at an exercise price of $0.10 for 24 months from issuance [2]. Company Strategy and Focus - The funding from the offering will enable the company to refocus on its core business of rare earths and copper projects in British Columbia, following a period of reduced exploration activity [3]. - The company is committed to unlocking significant value for shareholders through its diversified portfolio, which includes advanced lithium properties in Ontario [3]. Rare One Project Update - The Rare One project spans over 5,900 hectares and is 100% owned by Beyond Lithium, with extensive work conducted from 2005 to 2017, including soil surveys and mapping [11]. - Historical sampling programs have identified targets with elevated levels of light rare earths such as lanthanum, praseodymium, cerium, and neodymium [11]. - The company plans to digitize past data and conduct follow-up programs in the upcoming field season to refine the potential sources of rare earth mineralization [11]. Participation and Exemptions - The offering may be conducted under the Existing Security Holder Exemption, allowing existing shareholders to subscribe for units [4][5]. - If subscriptions exceed the maximum number of units, allocations will be made on a pro rata basis [6]. Use of Proceeds - Gross proceeds from the offering will be allocated to eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures [9].
Wallbridge Mining Announces Closing Of $15.14 Million Public Offering
Globenewswire· 2025-10-31 13:39
Core Viewpoint - Wallbridge Mining Company Limited has successfully closed a public offering, raising gross proceeds of C$15.14 million through the issuance of Charity Flow-Through Units and Hard Dollar Units, with the funds aimed at advancing its Fenelon and Martiniere projects and for general corporate purposes [1][5]. Group 1: Offering Details - The Offering included 65,000,000 Charity Flow-Through Units priced at C$0.15 each, 49,000,000 Hard Dollar Units priced at C$0.11 each, and 980,363 Warrants priced at $0.00001 each, with the Hard Dollar Units including 4,000,000 units from an over-allotment option [1][2]. - Each Charity Flow-Through Unit consists of one common share and one common share purchase warrant, while each Hard Dollar Unit consists of one common share and one warrant [2]. - The warrants allow holders to purchase one common share at an exercise price of C$0.15 for a period of 36 months following the closing date [3]. Group 2: Agnico Eagle Mines Limited Participation - Agnico Eagle Mines Limited has agreed to subscribe for 6,275,897 Hard Dollar Units at a price of $0.11 per unit, resulting in gross proceeds of $690,349 [4]. - The Agnico Private Placement is expected to close on the same day and is subject to customary closing conditions [4]. Group 3: Use of Proceeds - The net proceeds from the Offering and the Agnico Private Placement will be utilized for the advancement of the Fenelon and Martiniere projects, as well as for general corporate purposes [5]. - Following the Offering, the Company's cash balance is approximately $31 million as of October 31, 2025 [5]. Group 4: Company Overview - Wallbridge Mining focuses on the exploration and sustainable development of gold projects in Quebec's Abitibi region, holding a mineral property position of 598 km along the Detour-Fenelon gold trend [7].
NexGold Announces Closing of C$112.5 Million Bought Deal Private Placement of Units and Flow-Through Shares
Globenewswire· 2025-10-31 13:22
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce that it has closed its previously-announced bought deal private placement pursuant to which NexGold issued 69,445,000 units of the Company (the “Units”) at a price of C$1.44 per Unit for aggregate gross proceeds of C$100,000,800, and 7,944,000 flow-through shares (the “ ...
Signature Resources Provides Update on Non-Brokered Private Placement and Closing of a Shares for Debt Transaction
Newsfile· 2025-10-22 21:01
Signature Resources Provides Update on Non-Brokered Private Placement and Closing of a Shares for Debt TransactionOctober 22, 2025 5:01 PM EDT | Source: Signature Resources Ltd.Toronto, Ontario--(Newsfile Corp. - October 22, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ("Signature" or the "Company") is pleased to provide an update on its previously announced non-brokered private placement of up to C$3,000,000 (the "Offering") announced on September 25, 2025.The Compa ...
STLLR Gold Announces Closing of C$36.6 Million Private Placement Financing
Newsfile· 2025-10-15 15:15
Core Viewpoint - STLLR Gold Inc. has successfully closed a private placement financing for total gross proceeds of C$36,613,902, aimed at advancing its Tower Gold and Hollinger Tailings projects in the Timmins Mining Camp [1][8] Financing Details - The financing consists of multiple components, including: - 2,790,200 Premium FT Shares sold at C$1.792 for gross proceeds of C$5,000,038.40 - 3,246,800 FT Shares sold at C$1.54 for gross proceeds of C$5,000,072 - 5,166,026 Hard Dollar Shares sold at C$1.28 for gross proceeds of C$6,612,513.28 - 11,719,000 Best Efforts Shares sold at C$1.28 for gross proceeds of C$15,000,320 - 3,907,000 Concurrent Shares sold at C$1.28 for gross proceeds of C$5,000,960 [2][5] Insider Participation - Certain insiders participated in the offering, which is classified as a "related party transaction" under Multilateral Instrument 61-101 - Eric Sprott increased his ownership to approximately 15% and Agnico Eagle increased its stake to approximately 11% through their participation [2][3] Use of Proceeds - Gross proceeds from the Premium FT Shares and FT Shares will be allocated to Canadian exploration expenses qualifying as flow-through mining expenditures, to be incurred by December 31, 2026 [4] - Net proceeds from Hard Dollar Shares, Best Efforts Shares, and Concurrent Shares will be used for operating expenses and general corporate purposes [5] Company Overview - STLLR Gold Inc. is a Canadian gold development company focused on advancing high-potential gold projects, including the Tower Gold Project and the Hollinger Tailings Project in Ontario, and the Colomac Gold Project in Northwest Territories [8]
Osisko Development Announces Upsizing of Previously Announced "Bought Deal" LIFE Offering; Additional Concurrent Private Placement
Globenewswire· 2025-10-09 19:59
Core Viewpoint - Osisko Development Corp. has increased its previously announced "bought deal" financing to C$60 million due to excess demand, indicating strong investor interest and confidence in the company's projects [2][3]. Financing Details - The financing will consist of three tranches of shares under the LIFE Exemption, aiming for aggregate gross proceeds of C$49,999,980 [3]. - A concurrent private placement will issue 2,092,100 Common Shares at C$4.78 per share, generating gross proceeds of C$10,000,238 [3]. - The total net proceeds from both offerings are expected to be approximately C$30 million, which will be allocated to the Cariboo Gold Project and related pre-construction activities [4]. Offering Structure - The LIFE Offering includes National Flow-Through Shares and British Columbia Flow-Through Shares, with gross proceeds of C$20,003,100 and C$10,006,920 respectively [8]. - The Common Shares will also be offered at a price of C$4.78, contributing gross proceeds of C$19,989,960 [8]. Closing Timeline - The closing of the LIFE Offering and the Concurrent Private Placement is anticipated on or about October 29, 2025, subject to regulatory approvals [6]. Company Overview - Osisko Development Corp. focuses on gold development in North America, particularly in mining-friendly jurisdictions, with the goal of becoming an intermediate gold producer [13]. - The company is advancing its flagship Cariboo Gold Project and has additional projects in Utah and Mexico, emphasizing long-life and environmentally responsible mining assets [13].
Osisko Development Announces C$30 Million Bought Deal Life Offering of National and BC Flow-Through Shares
Globenewswire· 2025-10-08 21:36
Core Viewpoint - Osisko Development Corp. has announced a private placement offering of flow-through shares, aiming to raise gross proceeds of C$30,010,020 for eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The offering consists of two tranches: 2,990,000 common shares at C$6.69 per share for gross proceeds of C$20,003,100, and 1,444,000 common shares at C$6.93 per share for gross proceeds of C$10,006,920 [8]. - The offering is expected to close on or about October 29, 2025, subject to regulatory approvals [3]. Group 2: Use of Proceeds - The proceeds will be used for "Canadian exploration expenses" qualifying as flow-through mining expenditures under the Tax Act, specifically for exploration activities on the Company's properties in British Columbia [2]. Group 3: Regulatory and Compliance - The offering will be conducted under the LIFE Exemption, allowing for sales without a prospectus filing in Canada and potentially in offshore jurisdictions [4]. - The Company will pay underwriters a cash commission of 4.50% of the gross proceeds from the offering [5].
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
Core Viewpoint - Xcite Resources Inc. is conducting concurrent non-brokered private placements alongside its previously announced brokered offerings to raise additional gross proceeds for its operations [1][2]. Summary by Sections Brokered Offerings - The brokered offerings include a Listed Issuer Financing Exemption Offering (LIFE Offering) of up to 9,166,667 units at $0.12 per unit, aiming to raise up to $1,100,000 [2]. - Additionally, a flow-through share offering (FT Offering) of up to 18,125,000 shares at $0.16 per share is planned, targeting gross proceeds of up to $2,900,000 [2]. Non-Brokered Offerings - The non-brokered offerings will consist of up to 22,500,000 units at $0.12 per unit and up to 4,375,000 flow-through shares at $0.16 per share, mirroring the terms of the brokered offerings [5]. - Each non-brokered unit will include one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.20 [3][5]. Use of Proceeds - Net proceeds from the non-brokered unit offering will be allocated for general corporate purposes, while proceeds from the flow-through share offering will be used for eligible Canadian exploration expenses related to the Uranium City project portfolio [4]. Closing and Regulatory Approvals - The non-brokered offerings are expected to close around October 8, 2025, concurrently with the brokered offerings, potentially raising a total of $7,400,000 if maximum amounts are achieved [6]. - Completion of the offerings is subject to necessary regulatory approvals, including shareholder approval from those holding over 50% of the company's common shares [9]. Related Transactions - The company has entered into amending agreements with Eagle Plains Resources to postpone $1,200,000 in work commitments related to its uranium property portfolio [10]. - A promissory note valued at $100,000 was issued to the CEO, with proceeds intended for working capital and potential repayment from the offerings [11]. Company Overview - Xcite Resources is focused on the exploration and development of energy transition metals, particularly in the Athabasca basin, with a portfolio that includes several uranium properties [14].
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].