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Aventis Energy Closes Second Tranche of Flow-Through Private Placement Financing
Globenewswire· 2025-11-21 22:17
Core Viewpoint - Aventis Energy Inc. has successfully closed the second tranche of its non-brokered private placement, raising C$1,006,000.60 through the issuance of 2,453,660 flow-through shares, which will be used for exploration on its project portfolio [1][3]. Financing Details - The flow-through shares were sold at a price of C$0.41 each, contributing to total gross proceeds of C$1,006,000.60 in this tranche [1]. - A total of C$60,360.04 was paid in cash as finder's fees, along with the issuance of 147,219 finder's warrants, each allowing the purchase of one common share at the same price for 24 months [4]. Use of Proceeds - The proceeds from the offering will be allocated towards eligible Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [3]. Company Overview - Aventis Energy Inc. is focused on mineral exploration, particularly in battery, base, and precious metals, with ongoing projects including the Corvo Uranium and Sting Copper Projects [6]. - The Corvo Uranium property has shown historical drill results with uranium mineralization, including high-grade surface samples [7]. - The Sting Copper Project spans approximately 12,700 hectares, with recent drilling results indicating significant copper mineralization [8].
Minnova Corp. Announces Filing of Amended and Restated LIFE Offering Document
Newsfile· 2025-11-19 01:00
Core Viewpoint - Minnova Corp. has filed an amended and restated offering document for a private placement aiming to raise up to C$5 million to support its PL Gold Mine Project and general corporate purposes [1][4]. Group 1: Offering Details - The Marketed Offering will consist of units priced at C$0.20, flow-through units at C$0.23, and charity flow-through units at C$0.32, with a total offering size of up to C$5 million [2][7]. - Each unit includes one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.30 within 36 months after the closing date [2][3]. - An option has been granted to Red Cloud Securities to sell an additional C$1 million in units prior to the closing of the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration and advancement of the PL Gold Mine Project, as well as for working capital and general corporate purposes [4]. - Proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the PL Gold Mine Project, with all qualifying expenditures renounced in favor of subscribers effective December 31, 2025 [5]. Group 3: Regulatory and Compliance - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is scheduled to close on December 3, 2025 [10]. - The securities will be offered in compliance with National Instrument 45-106 and will be freely tradeable in Canada, with restrictions on sales in the United States [8][9]. Group 4: Company Overview - Minnova Corp. is focused on restarting its PL Gold Mine, which has a positive feasibility study indicating an average annual production rate of 46,493 ounces over a minimum five-year mine life [12]. - The project benefits from a short pre-production timeline of 15 months and is located in the Flin Flon Greenstone Belt of Central Manitoba, with existing mining infrastructure nearby [12].
Search Minerals Closes Non-Brokered Private Placement Financings
Newsfile· 2025-11-07 11:28
Core Points - Search Minerals Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $843,847 [1][7] - The funds from the FT Financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, qualifying for the Critical Mineral Exploration Tax Credit [1][7] - The net proceeds from the Share Financing will be utilized for working capital and general corporate purposes [1] Financing Details - The financing included the issuance of 1,487,694 FT Units at a price of $0.50 per unit, generating gross proceeds of $743,847, with each unit comprising one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant [7] - Additionally, 303,030 Offered Shares were issued on a non-flow-through basis at a price of $0.33 per share, resulting in gross proceeds of $100,000 [7] - The company paid a total of $16,109.76 in cash finder's fees and issued 6,000 Finder's Warrants to Canaccord Genuity Corp., representing 6% of the FT Units sold [2] Regulatory and Compliance Information - The financings are subject to final acceptance by the TSX Venture Exchange [3] - The FT Shares, Warrants, and Finder's Warrants are subject to a hold period under Canadian securities laws, expiring on March 7, 2026 [3] Company Overview - Search Minerals is focused on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [4][5]
Sitka Gold Closes $28.5 Million Financing
Newsfile· 2025-10-30 18:22
Core Points - Sitka Gold Corp. has successfully closed a brokered private placement and a concurrent non-brokered private placement, raising a total of $28,552,402 [1][3] - The brokered offering consisted of 16,235,000 charity flow-through common shares at a price of $1.54 per share, generating gross proceeds of $25,001,900 [1][2] - The non-brokered offering included 2,305,521 charity flow-through shares at the same price, yielding gross proceeds of $3,550,502 [1] Offering Details - The brokered offering was led by Beacon Securities Limited along with a syndicate of underwriters including Cormark Securities Inc., Canaccord Genuity Corp., and others [2] - The proceeds from the offerings will be used for eligible Canadian exploration expenses related to the RC Gold Project in the Yukon Territory, Canada, to be incurred by December 31, 2026 [3] - A total of 12,988,000 shares from the brokered offering were offered under the listed issuer financing exemption, while 3,247,000 shares are subject to a four-month hold period [4] Compensation and Future Financing - The company paid a cash commission of $1,500,114 to the underwriters and issued 974,000 compensation options, each allowing the purchase of one common share at $1.54 for 24 months [5] - Additionally, the company plans to complete a non-brokered financing of 1,500,000 common shares at $1.37 per share, aiming for gross proceeds of $2,055,000 for further exploration expenses [6][7] Company Overview - Sitka Gold Corp. is a well-funded mineral exploration company with over $43 million in treasury and no debt, focusing on gold, silver, and copper properties [10] - The company is advancing its flagship RC Gold Project, which spans 431 square kilometers in the Yukon Territory, along with other projects in Nevada, Arizona, and Nunavut [10]
Kirkland Lake Discoveries Announces Closing of Non-Brokered Private Placement for $12,721,316
Newsfile· 2025-10-22 21:09
Core Viewpoint - Kirkland Lake Discoveries Corp. has successfully closed a non-brokered private placement, raising a total of $12,721,316.65 through the issuance of various units and shares, which will be used to advance exploration activities in the Kirkland Lake region [1][2][6]. Group 1: Financing Details - The Offering included the issuance of 7,600,000 charity flow-through units at $0.37 each, 25,529,727 hard dollar units at $0.25 each, and 11,756,283 flow-through shares at $0.30 each [1]. - Each Unit consists of one common share and one-half of a common share purchase warrant, with a warrant exercise price of C$0.40 for 36 months [2]. - An insider acquired 4,000,000 FT Units for $1,480,000, qualifying the transaction as a related party transaction under MI 61-101 [3]. Group 2: Use of Proceeds - Funds from FT Units and FT Shares will be allocated to eligible Canadian exploration expenses, while proceeds from Units will be used for general corporate purposes [6]. Group 3: Marketing and Exploration Strategy - The Company has entered into a marketing contract with Revolution Small Cap Marketing for a term of 365 days, with a payment of $100,000 plus applicable taxes [8][9]. - Kirkland Lake Discoveries Corp. has a 400-km² exploration portfolio in the Kirkland Lake region, focusing on drill-ready targets supported by historical mineral showings and geophysical anomalies [10][11].
Onyx Announces Closing of $6.4 Million Non-Brokered Financing at $2.43 per Share Involving Strategic Investors, Bringing Total Aggregate Proceeds Raised to $26.4 Million
Newsfile· 2025-10-15 19:32
Core Viewpoint - Onyx Gold Corp. has successfully closed a non-brokered private placement, raising $6.4 million, which contributes to a total of $26.4 million raised through recent financing efforts [1][2]. Financing Details - The non-brokered private placement involved the issuance of 2,650,000 common shares at a price of $2.43 per share, resulting in gross proceeds of $6,439,500 [2]. - The total aggregate proceeds raised by the company, including a previously completed bought deal private placement, amount to approximately $26,440,000 [1]. Use of Proceeds - The proceeds from the sale of the flow-through shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Ontario, with a deadline for incurring these expenses set for December 31, 2026 [3]. - The company plans to renounce all qualifying expenditures in favor of the subscribers of the flow-through shares effective December 31, 2025 [3]. Regulatory Compliance - The flow-through shares were offered under applicable exemptions from prospectus requirements and will be subject to a hold period of four months and one day from the date of issuance [4]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [6][7]. - The company's portfolio includes high-grade mineralization properties and additional earlier-stage exploration properties, indicating a commitment to creating shareholder value through responsible mineral exploration [6][7].
Search Minerals Announces Amended Terms for Non-Brokered Private Placement Financings
Newsfile· 2025-10-10 11:55
Core Viewpoint - Search Minerals Inc. has amended the terms of its non-brokered private placement financings, aiming for gross proceeds of up to $993,847, with an increased share price from $0.25 to $0.33 per share [1][2]. Financing Details - The financing consists of two components: a charity flow-through unit private placement (FT Financing) and a hard-dollar private placement (Share Financing) [9]. - The FT Financing aims to raise up to $743,847 through the issuance of up to 1,487,694 FT Units at $0.50 each, while the Share Financing targets $250,000 by offering up to 757,576 common shares at $0.33 each [9]. - The gross proceeds from the FT Financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, which may qualify for the Critical Mineral Exploration Tax Credit [2]. Regulatory Approvals - The financings are subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange, with no assurance that they will be completed [3]. Securities Issuance - The FT Shares and Warrants will be subject to a hold period of four months and one day from the closing date, in accordance with applicable securities laws [4]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals like Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [6]. - The company controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects along a 64-kilometer belt in Labrador [6][7].
Emperor Metals Announces Closing of $10 Million LIFE Offering
Newsfile· 2025-10-09 14:11
Core Viewpoint - Emperor Metals Inc. has successfully closed a private placement offering, raising approximately $9,943,000 to fund its exploration projects in Quebec's Southern Abitibi Greenstone Belt [1][2]. Group 1: Offering Details - The private placement consisted of 14,714,999 Common Units priced at $0.20 each and 25,000,000 flow-through units priced at $0.28 each [1]. - The offering was led by SCP Resource Finance LP as the lead agent, with Canaccord Genuity Corp. as part of the syndicate [2]. - The securities were issued under the Listed Issuer Financing Exemption, which allows them to be sold without a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - Proceeds from the sale of the flow-through units will be used for eligible Canadian exploration expenses related to the Duquesne West Project and Lac Pelletier Project, with a deadline for incurring these expenses by December 31, 2026 [4]. - The net proceeds from the Common Units will be allocated for general and administrative expenses and working capital [5]. Group 3: Additional Information - The agents received 2,382,899 non-transferable broker warrants as part of their compensation, each exercisable for a Common Share at an exercise price of $0.20 [6]. - Some subscribers will settle their subscriptions directly with the company, with expected closures in the coming weeks [7]. - Emperor Metals is focused on high-grade gold exploration and development, utilizing AI-driven techniques to unlock resource potential in its projects [8].
Search Minerals Announces Non-Brokered Private Placement Financings
Newsfile· 2025-09-24 18:17
Core Viewpoint - Search Minerals Inc. is planning to conduct non-brokered private placement financings for gross proceeds of up to $993,847 to support its exploration projects in Labrador [1][2]. Financing Details - The financings include a charity flow-through unit private placement of up to 1,487,694 units at a price of $0.50 per unit, aiming for gross proceeds of up to $743,847 [2]. - Additionally, a hard-dollar private placement of up to 1,000,000 common shares at a price of $0.25 per share is planned, targeting gross proceeds of up to $250,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a transferable non-flow-through common share purchase warrant, with each whole warrant exercisable at $0.65 for 24 months [2]. Use of Proceeds - Gross proceeds from the charity flow-through financing will be allocated to eligible Canadian exploration expenses related to the Foxtrot and Deep Fox projects, which qualify for the Critical Mineral Exploration Tax Credit [3]. - Net proceeds from the hard-dollar financing will be utilized for working capital and general corporate purposes [3]. Regulatory Approvals - The financings are subject to necessary regulatory approvals, including acceptance from the TSX Venture Exchange, with no assurance that they will be completed [4]. Securities Information - The securities issued will be subject to a hold period of four months and one day from the closing date, in accordance with applicable securities laws [5]. - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [6]. Company Overview - Search Minerals focuses on exploring and developing Critical Rare Earth Elements and transition metals in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador, controlling two deposits and several prospects [7]. - The company also holds additional CREE assets in the Red Wine CREE District of central Labrador, including drill-ready deposits and prospects [8].
Enduro Metals Announces Increase to Non-Brokered Private Placement and Closes First Tranche
Newsfile· 2025-08-19 18:26
Core Points - Enduro Metals Corporation has closed the first tranche of a non-brokered private placement, raising total gross proceeds of $2,730,477.43 and increasing the overall placement size to up to $3.5 million [1][4] Group 1: Private Placement Details - The first tranche included the issuance of 1,945,825 flow-through shares at a price of $0.185 per share and 15,803,332 non flow-through units at a price of $0.15 per unit [2] - Each non flow-through unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at a price of C$0.22 until August 19, 2027 [3] - Proceeds from the non flow-through units will be used for general working capital, while proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses related to the Newmont Lake project [4] Group 2: Use of Proceeds and Tax Implications - The company will renounce qualifying expenditures by December 31, 2025, in an amount not less than the total gross proceeds raised from the issuance of the flow-through units, with expenses to be incurred by December 31, 2026 [5] - The company paid finders fees totaling $91,694.99 in cash and issued 599,741 finder's warrants to qualified parties [6] Group 3: Management Participation - Key executives, including the CEO and President, participated in the offering by purchasing flow-through shares and non flow-through units, which constitutes a related party transaction [7] Group 4: Company Overview - Enduro Metals is focused on the Newmont Lake Project, a 688 km² property located in British Columbia's Golden Triangle, with multiple deposit environments of interest identified [10]