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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]
Enduro Metals Announces C$2 Million Private Placement
Newsfile· 2025-07-16 11:45
Core Viewpoint - Enduro Metals Corporation is proposing a non-brokered private placement to raise up to C$2 million for exploration and development of its Newmont Lake project in British Columbia [1][2]. Group 1: Offering Details - The Offering will consist of non-flow-through units (NFT Units) priced at C$0.15 each and flow-through shares (FT Shares) priced at C$0.185 each [1]. - Each NFT Unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.22 for 24 months [3]. - The Offering is expected to close on or before August 7, 2025, subject to regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to the exploration and development of the Newmont Lake project, which spans 688 km² in British Columbia's Golden Triangle, as well as for general corporate purposes and working capital [2][8]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses, which will qualify as flow-through mining expenditures [6]. Group 3: Securities Offering - The Offered Securities will be available in Canadian provinces and to eligible purchasers in other jurisdictions, provided no prospectus filing is required [4]. - In the United States, the Offered Securities will be sold to Qualified Institutional Buyers and accredited investors under exemptions from registration requirements [5]. Group 4: Finder's Fees - The Company may pay finder's fees to third parties, consisting of a cash fee equal to 6% of gross proceeds and finder's warrants equal to 6% of the NFT Units and FT Shares sold [7].
Blue Star Announces $2M Non-Brokered Private Placement
Newsfile· 2025-07-11 23:00
Core Viewpoint - Blue Star Gold Corp. plans to raise up to $2,000,000 through a non-brokered private placement, subject to TSX Venture Exchange approval, by issuing flow-through units and regular units at specified prices [1][4]. Group 1: Private Placement Details - The private placement will consist of up to 3,333,333 flow-through units at $0.15 each and up to 10,714,285 units at $0.14 each [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, while each unit consists of one common share and one-half of a common share purchase warrant [2][3]. - The warrants allow the holder to acquire one additional share at a price of $0.20 for one year following the closing date of the private placement [3]. Group 2: Use of Proceeds - Proceeds from the sale of units will be allocated for general working capital, while proceeds from flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in Nunavut [4]. - The company will renounce qualifying expenditures by December 31, 2025, amounting to at least the total gross proceeds raised from the issuance of flow-through units [5]. Group 3: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [6]. - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources and numerous exploration targets [6]. - The future deep-water port at Grays Bay is located 40-100 km north of the properties, enhancing logistical advantages for the company's projects [6].
Hi-View Resources Announces Flow Through Financing to Explore Toodoggone
Thenewswire· 2025-07-10 12:30
Core Viewpoint - Hi-View Resources Inc. is conducting a non-brokered private placement offering of 4,000,000 flow-through units at a price of C$0.105 per unit, aiming for gross proceeds of up to C$420,000 to fund exploration activities in Canada [1][3]. Group 1: Offering Details - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.30 for 36 months [2]. - The gross proceeds will be allocated to eligible Canadian exploration expenses, specifically for the Toodoggone Projects in British Columbia [3][4]. - A finder's fee of up to 10% may apply, and all securities issued will be subject to a hold period of four months and one day [4]. Group 2: Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region, with properties covering 9,749 hectares [8]. - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades, indicating strong exploration potential [8].
Onyx Announces Closing of $8 Million Financing and Increases Non-Brokered Offering with Strategic Investors
Newsfile· 2025-05-22 14:33
Core Viewpoint - Onyx Gold Corp. has successfully closed an $8 million financing through a private placement, which includes two tranches of flow-through shares aimed at funding Canadian exploration expenses related to its projects in Ontario and Yukon [1][3][9]. Financing Details - The financing consists of a "bought deal" private placement totaling $8,038,000, which includes the issuance of 5,000,000 common shares at $1.00 each for Tranche 1, generating $5 million, and 3,100,000 common shares at $0.98 each for Tranche 2, generating $3,038,000 [1][2]. - The offering was led by Cormark Securities Inc. and Agentis Capital Markets, with a cash commission of 6% on gross proceeds amounting to $482,280 [2]. Use of Proceeds - The proceeds from both tranches will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" on or before December 31, 2026, with renouncement of these expenditures to subscribers effective December 31, 2025 [3][11]. - The Tranche 1 shares will also qualify for the "Ontario focused flow-through share tax credit" [3]. Non-Brokered Private Placement - In addition to the above, the company announced a $3 million non-brokered private placement with strategic investors, which will now include a second tranche of flow-through shares, potentially raising up to $5.39 million in total [9][10]. - The first tranche of the non-brokered private placement is expected to close around May 29, 2025, while the second tranche is anticipated to close around June 6, 2025 [12][13]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including high-grade mineralization properties [16].
Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric Sprott
Newsfile· 2025-05-15 20:53
Core Viewpoint - Tudor Gold Corp. has announced an upsized financing deal totaling $14.95 million, including the full exercise of the over-allotment option, with participation from Eric Sprott [2][3]. Financing Details - The financing consists of approximately $11.3 million from a Prospectus Offering and about $3.65 million from a Private Placement Offering [2]. - The Offered Securities include 10,158,045 non-flow-through units priced at $0.50 each, 8,333,500 flow-through units for charitable purchasers at $0.75 each, and 6,034,752 flow-through units at $0.60 each [5][6]. Use of Proceeds - Net proceeds from the sale of non-flow-through units will be allocated for working capital and general corporate purposes [6]. - Gross proceeds from flow-through units will be directed towards exploration expenses on the Treaty Creek property in British Columbia [6][7]. Closing and Regulatory Approval - The Offerings are expected to close around May 29, 2025, pending necessary approvals, including from the TSX Venture Exchange [4][10]. Agent Compensation - Agents involved in the Offerings will receive a cash fee of 6.0% of the gross proceeds and non-transferable broker warrants equal to 6.0% of the total number of Offered Securities sold [10]. Company Overview - Tudor Gold Corp. is focused on precious and base metals exploration and development, particularly in British Columbia's Golden Triangle, with significant interests in the Treaty Creek project [12].