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Endurance Gold Completes Oversubscribed LIFE Private Placement of Flow-Through Units and Units for Aggregate Gross Proceeds of Approximately C$8.3 Million
TMX Newsfile· 2026-03-11 13:03
Core Viewpoint - Endurance Gold Corporation has successfully completed a private placement offering, raising a total of $8,342,082.50 through the sale of flow-through units and HD units, which will be utilized for exploration and operational purposes [1][5]. Group 1: Offering Details - The offering consisted of 4,188,500 flow-through units sold at $0.955 each, generating gross proceeds of $4,000,017.50, and 6,680,100 HD units sold at $0.65 each, generating gross proceeds of $4,342,065 [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, while each HD unit consists of one common share and one-half of a warrant [2]. - The offering was facilitated by a syndicate of agents led by Canaccord Genuity Corp. and Agentis Capital Markets, with a total cash commission of C$457,232.35 paid to the agents [3]. Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects, with a commitment to renounce these expenditures to initial subscribers by December 31, 2026 [4]. - The net proceeds from the HD units will be directed towards drilling, exploration, testing at the Reliance Gold Project, and general corporate purposes [5]. Group 3: Regulatory and Compliance - The offering was conducted under the listed issuer financing exemption, allowing for private placement to Canadian residents and other qualifying jurisdictions, with no hold period for Canadian subscribers [6]. - The participation of certain insiders in the offering constituted a related party transaction, which was conducted in compliance with relevant regulations [8].
Thunder Gold Announces Closing of $2.15 Million Private Placement of Flow-Through Units
TMX Newsfile· 2025-12-22 12:35
Core Viewpoint - Thunder Gold Corp. successfully closed an upsized non-brokered private placement of flow-through units, raising gross proceeds of $2,150,000 to meet demand [1][2]. Group 1: Private Placement Details - The Company issued 28,666,666 flow-through units at a price of $0.075 per unit, with each unit consisting of one common share and one-half of a warrant [2]. - Each warrant is exercisable to acquire one common share at a price of $0.10 per share for a period of 18 months from the date of issuance [2]. - Finder's fees of approximately $37,905 were paid to parties assisting with the private placement [3]. Group 2: Insider Participation and Regulatory Compliance - Insiders subscribed to purchase an aggregate of 670,000 flow-through units, constituting a related party transaction [4]. - The Company relied on exemptions from formal valuation and minority shareholder approval requirements as the transaction did not exceed 25% of the Company's market capitalization [4]. - All securities issued will be subject to a four-month hold period from the date of issuance in accordance with applicable securities legislation [4]. Group 3: Company Overview and Property Information - Thunder Gold Corp. is a junior exploration company focused on gold discovery in Canada [8]. - The Tower Mountain Gold Property, which is 100%-owned by the Company, is located approximately 40 km west of Thunder Bay, Ontario, covering 2,500 hectares [7]. - Drilling at Tower Mountain has established anomalous gold extending over 500 meters along a 1,500-meter strike length, with significant exploration potential remaining [7].
Adamera Repricing Private Placement
Thenewswire· 2025-12-16 21:50
Core Viewpoint - Adamera Minerals Corp. has repriced its private placement to raise up to $724,000, which will be used for working capital and exploration drilling on its gold projects in Washington State and British Columbia [1][3]. Financing Details - The financing consists of two components: 1. Up to 9,164,000 Units at $0.055 per Unit for gross proceeds of $504,020, each unit comprising one common share and one common share purchase warrant, with warrants exercisable at $0.12 for two years [3]. 2. Up to 3,385,000 flow-through units ("FT Units") at $0.065 per unit for gross proceeds of $220,025, each FT Unit consisting of one common share and one-half common share purchase warrant, with full warrants also exercisable at $0.12 for two years [3]. Use of Proceeds - Proceeds from the unit financing will be allocated to working capital and exploration drilling on the Company's gold projects in Washington State, while flow-through funds will be directed towards qualifying Canadian exploration expenditures on newly identified gold, copper, and zinc prospects in the South Hedley Project [3]. Regulatory Compliance - All securities issued under the financing will be subject to a statutory hold period of four months and one day from the date of issuance and remain subject to the approval of the Exchange [1][2].
Supreme Critical Metals Announces Life Offering
Newsfile· 2025-12-12 23:30
Core Viewpoint - Supreme Critical Metals Inc. is launching a non-brokered private placement called the LIFE Offering, aiming to raise between $540,000 and $1,000,000 through the sale of units priced at $0.15 each [1][4]. Group 1: Offering Details - The LIFE Offering consists of a maximum of 6,666,667 units and a minimum of 3,600,000 units, with each unit comprising one common share and one common share purchase warrant [1][3]. - The warrants will be exercisable for 12 months at an exercise price of $0.21 per warrant [3]. - The concurrent offering of flow-through units at $0.215 per unit remains active, with a target of raising up to $1,000,000 [1]. Group 2: Regulatory Compliance - The LIFE Offering is compliant with National Instrument 45-106, allowing it to be offered to purchasers in most Canadian provinces, excluding Quebec, Newfoundland and Labrador, and Prince Edward Island [2]. - The securities issued will not be subject to a hold period under Canadian securities laws [3]. Group 3: Use of Proceeds and Closing Date - Proceeds from the offering will be used for general corporate and working capital purposes, as detailed in the Offering Document [4]. - The anticipated closing date for the offering is around January 15, 2026, subject to necessary approvals [5]. Group 4: Company Overview - Supreme Critical Metals Inc. is a publicly traded exploration company focused on high-potential silver, copper, uranium, and gold properties across North America [7]. - The company employs a disciplined, data-driven acquisition strategy in mining-friendly jurisdictions [7].
Sego Resources Completes $625,800 Financing
Newsfile· 2025-11-05 14:00
Core Viewpoint - Sego Resources Inc. has received conditional approval from the TSX Venture Exchange for the closing of the final tranche of its financing, which will raise a total of $625,800 for exploration and working capital purposes [1][3]. Financing Details - The final tranche will consist of 7,200,000 Flow-Through Units priced at $0.025 per unit, generating gross proceeds of $180,000, and 11,990,000 Non-Flow-Through Units priced at $0.02 per unit, generating gross proceeds of $239,800 [1][2]. - The total gross proceeds from the financing, including the first tranche completed on August 7, 2025, amount to $625,800 [3]. Use of Proceeds - Proceeds from the financing will be allocated to exploration at the Miner Mountain Project and for general working capital [4]. - Exploration expenditures are expected to exceed $200,000, and funds raised will qualify for a BC Mining Exploration Tax Credit of 30% [4]. Insider Participation - Insiders subscribed for 5,440,000 units, with significant subscriptions from Paul McGroary and Elliot Strashin, classifying the private placement as a related-party transaction [6]. Finder's Fees - Finder's fees for the private placement amounted to $15,750 in cash and included broker warrants, with a total of 87,500 three-year broker warrants and 280,000 two-year broker warrants, all subject to a hold period ending on March 5, 2026 [5].