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Sorrento Resources Announces Closing of $3.2 Million Brokered Private Placement Offering
Newsfile· 2025-11-18 15:43
Sorrento Resources Announces Closing of $3.2 Million Brokered Private Placement OfferingNovember 18, 2025 10:43 AM EST | Source: Sorrento Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - SORRENTO RESOURCES LTD. (CSE: SRS) (OTCQB: SRSLF) ("SORRENTO") (the "Company") is pleased to announce that it has closed its previously announced private placement offering (the "Offering") for aggregate gross proceeds of $3,175,000. The Offering was led by Research Capital as ...
Critical One Energy Closes Oversubscribed CDN$7.65 Million Financing
Globenewswire· 2025-10-21 16:20
Core Viewpoint - Critical One Energy Inc. has successfully closed an oversubscribed private placement, raising gross proceeds of CDN$7,650,000 through the issuance of 7,650,000 flow-through common shares at CDN$1.00 each, aimed at funding exploration activities in critical minerals [1][2]. Group 1: Financial Details - The gross proceeds from the sale of flow-through shares will qualify as "Canadian exploration expenses" under the Income Tax Act, specifically for critical mineral mining expenditures [2]. - The company paid a total of CDN$450,300 in cash finder’s fees and issued 371,400 common share purchase warrants, each exercisable at CDN$1.50 for 18 months [3]. - A total of 1,035,000 stock options were granted to directors, management, and consultants at a price of CDN$1.30 for a period of five years [4]. Group 2: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold, with significant exploration potential in Canada and uranium interests in Namibia [5]. - The company is strategically positioned to meet the increasing global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise to enhance project value [5].
Critical One Energy Closes Oversubscribed CDN$7.65 Million Financing
Globenewswire· 2025-10-21 16:20
Core Insights - Critical One Energy Inc. has successfully closed an oversubscribed private placement, issuing 7,650,000 flow-through common shares at CDN$1.00 per share, raising gross proceeds of CDN$7,650,000 [1][2] Group 1: Financial Details - The gross proceeds from the sale of FT Shares will qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) [2] - The company paid a total of CDN$450,300 in cash finder’s fees and issued 371,400 Finder's Warrants, which can be exercised at CDN$1.50 per share for 18 months [3] - A total of 1,035,000 stock options were granted to directors, management, and consultants at a price of CDN$1.30 for a period of five years [4] Group 2: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold through its Howells Lake Antimony-Gold Project [5] - The company is strategically positioned to meet the rising global demand for critical minerals and metals, with exploration interests in Canada and uranium investments in Namibia [5] - The management team leverages technical, managerial, and financial expertise to enhance project value and drive growth [5]
Magna Terra Closes Upsized Non-Brokered Premium Flow-Through Private Placement for Gross Proceeds of $2 Million
Newsfile· 2025-08-29 16:24
Toronto, Ontario--(Newsfile Corp. - August 29, 2025) - Magna Terra Minerals Inc. (TSXV: MTT) (the "Company" or "Magna Terra") is pleased to announce that it has completed its previously announced non-brokered premium flow-through private placement of gross proceeds totalling $2,000,004.08 (the "Offering").The Offering consisted of an issuance of 14,814,845 premium flow-through common shares of the Company at a price of $0.135 per common share. "We are very pleased with the investor response and resulting d ...
Magna Terra Announces Upsize to Premium Flow-Through Private Placement
Newsfile· 2025-08-11 12:00
Toronto, Ontario--(Newsfile Corp. - August 11, 2025) - Magna Terra Minerals Inc. (TSXV: MTT) (the "Company" or "Magna Terra") is pleased to announce that due to significant investor interest, it has upsized its previously announced premium flow-through financing (the "Offering") (refer to the news release dated July 31, 2025) by $1,000,000 for total gross proceeds of $2,000,000. Cautionary Statements Regarding Forward Looking Information In connection with the Offering, the Company may pay finder's fees in ...