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Sun Summit Announces Closing of $11.5 Million Non-Brokered Private Placement
TMX Newsfile· 2025-12-23 22:00
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") previously announced in the Company's press releases on December 9, 2025 and December 12, 2025, through the issuance of (i) 67,857,143 charity flow-through common shares in the capital of the Company (each, a "Charity FT Share") at a price of $0.14 per Ch ...
Atomic Minerals Announces Non-Brokered Life Offering and Concurrent Private Placement of up to $400,000
TMX Newsfile· 2025-12-22 23:15
Core Viewpoint - Atomic Minerals Corporation is conducting a non-brokered private placement to raise funds for exploration activities in Canada, specifically targeting uranium projects in Saskatchewan [1][5]. Group 1: Offering Details - The company plans to issue up to 1,066,560 flow-through common shares at a price of $0.125 per share, aiming for gross proceeds of up to $133,320 through the LIFE Offering [1]. - Concurrently, a private placement of up to 2,133,440 flow-through shares at the same price is expected to raise an additional $266,680 [1]. - The LIFE Offering is available to Canadian residents, excluding Québec, and will not have a hold period, while the Concurrent Private Placement will have a statutory hold period of four months plus one day [2]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to fund Canadian exploration expenses that qualify as "flow-through mining expenditures" under the Income Tax Act [5]. Group 3: Company Overview - Atomic Minerals Corporation is publicly listed on the TSXV under the symbol ATOM and is focused on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries [7]. - The company's property portfolio includes uranium projects in three North American locations, with significant technical merit and historical production [8].
Yorbeau Closes Non-Brokered Private Placement
Globenewswire· 2025-12-15 12:45
Core Points - Yorbeau Resources Inc. has completed a fully-subscribed private placement, issuing 13,750,000 "flow-through" Class A common shares at a price of $0.08 per share, raising total proceeds of $1,100,000 [1][2] - The funds raised will be utilized for Canadian exploration expenses on the company's properties [2] - Four directors subscribed for a total of 10,000,000 Class A common shares, amounting to an aggregate subscription price of $800,000, which qualifies as a "related party transaction" under Multilateral Instrument 61-101 [3] Company Overview - Yorbeau Resources is a Canadian public company focused on gold and base metal exploration in Quebec, Canada [5] - The company aims to find a partner to further explore and develop its Scott Lake zinc copper deposit near Chibougamau, Quebec [5] - Yorbeau is also concentrating on exploration in the Detour, Joutel, and Selbaie regions of northwestern Quebec, including properties adjacent to ongoing exploration activities by other companies [5]
Azincourt Energy Corp. Announces Private Placement
Newsfile· 2025-10-17 21:14
Core Viewpoint - Azincourt Energy Corp. is initiating a non-brokered private placement to raise up to C$1,000,000 through the issuance of flow-through units priced at $0.025 each [1][2]. Group 1: Offering Details - The offering consists of flow-through units, each comprising one flow-through common share and one common share purchase warrant, with the warrant exercisable at $0.05 for 36 months [2]. - The gross proceeds will be allocated to the drilling, exploration, and development of the Harrier Project in Newfoundland and Labrador [3]. - Proceeds will not be used for payments to non-arms length parties or for investor relations activities [3]. Group 2: Regulatory and Tax Implications - The company may pay finders' fees in accordance with applicable securities laws and TSX Venture Exchange policies [4]. - The securities issued will be subject to a hold period of four months and one day from the closing date, pending necessary approvals [4]. - The flow-through shares will qualify for tax benefits under the Income Tax Act (Canada), with proceeds used for eligible resource exploration expenses [5]. Group 3: Company Overview - Azincourt Energy Corp. focuses on the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [7]. - The company is currently active in multiple projects, including the East Preston uranium project and the Harrier project [7].
Kingfisher Announces Upsize of Brokered Private Placement to $10.6 Million
Newsfile· 2025-05-26 20:37
Core Viewpoint - Kingfisher Metals Corp. is increasing its private placement offering to raise up to $10,590,538 through the issuance of non-flow-through and flow-through units, with the offering expected to close around June 3, 2025 [1][7]. Group 1: Offering Details - The company will issue up to 7,000,000 non-flow-through units at a price of $0.25 each and up to 21,302,500 flow-through units at a price of $0.415 each [1]. - Each non-flow-through unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one common share and one-half of a warrant [2]. - The warrants allow holders to acquire one common share at a price of $0.40 for 36 months, with potential acceleration of expiry if the share price exceeds $0.55 for 20 consecutive trading days [3]. Group 2: Use of Proceeds - Proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in British Columbia, with a deadline for incurring these expenses set for December 31, 2026 [6]. Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is expected to close on or about June 3, 2025 [7]. - The offered securities will be subject to a four-month hold period under Canadian securities laws following the closing date [7]. Group 4: Company Overview - Kingfisher Metals Corp. is focused on copper-gold exploration in British Columbia's Golden Triangle and has consolidated a significant land position of 849 km² at the HWY 37 Project, along with two gold projects totaling 641 km² [8].
Opus One Gold Corporation Announces Closing of Second and Final Tranche af a Private Placement
Globenewswire· 2025-04-29 13:03
Core Points - Opus One Gold Corporation closed a second and final tranche of its non-brokered private placement of flow-through shares and units, raising aggregate gross proceeds of $578,450.25 on April 25, 2025 [1] - The total issuance included 5,353,850 flow-through shares at $0.065 each and 4,190,000 units at $0.055 each, with each unit consisting of one common share and one warrant [2] - The overall gross proceeds from both tranches amounted to $1,545,700.30, with funds allocated for exploration on mineral properties and general working capital [3] Financial Details - The company issued a total of 20,234,620 flow-through shares and 4,190,000 units across both tranches [3] - Cash finders fees amounted to $26,150, and a total of 369,230 compensation warrants were issued, each exercisable at $0.10 for 24 months [5] - Previous private placement details included 995,636 finders' warrants and $101,460 in cash finders' fees [6] Regulatory and Compliance - The offering was conducted under the "accredited investor" exemption in Canada, with a four-month hold period applicable to the securities issued [4] - Closing of the offering is subject to approval from the TSX Venture Exchange and customary closing conditions [5] Company Overview - Opus One Gold Corporation focuses on discovering high-quality gold and base metals deposits in the Abitibi Greenstone Belt, a prolific mining area [8]