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Critical One Energy Announces Closing of CDN$300,000 Flow-Through Private Placement
TMX Newsfile· 2025-12-24 15:46
Core Viewpoint - Critical One Energy Inc. has successfully closed a non-brokered private placement offering of 300,000 flow-through common shares at a price of CDN$1.00 per share, raising gross proceeds of CDN$300,000 [1][3]. Group 1: Offering Details - The company paid CDN$18,000 in finder's fees and issued 18,000 common share purchase warrants, each exercisable at CDN$1.50 for a period of 18 months [2]. - The gross proceeds from the sale of the flow-through shares will be used for exploration expenses that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) [3]. Group 2: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold, with significant projects like the Howells Lake Antimony-Gold Project [4]. - The company is strategically positioned to meet the rising global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise to drive growth and deliver shareholder value [4].
Greenridge Exploration Closes Flow-Through Private Placement Financing
Globenewswire· 2025-12-22 22:29
Core Viewpoint - Greenridge Exploration Inc. has successfully closed a non-brokered private placement of flow-through units, raising gross proceeds of $2,035,977.65 to fund eligible Canadian exploration expenses related to its projects in Canada [1][2]. Group 1: Offering Details - The company issued 5,817,079 flow-through units at a price of $0.35 per unit, each unit consisting of one common share and one purchase warrant [1]. - Each warrant allows the holder to purchase one common share at a price of $0.40 for a period of 24 months from issuance [1]. - The offering is classified as a related party transaction, with significant subscriptions from company directors and the CEO totaling $756,349.95 [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [2]. - All qualifying expenditures will be renounced in favor of the subscribers effective December 31, 2025 [2]. Group 3: Company Overview - Greenridge Exploration Inc. is a mineral exploration company focused on acquiring, exploring, and developing critical mineral projects in Canada, owning or having interests in 21 projects covering approximately 281,100 hectares [6]. - The company has a significant portfolio in uranium, lithium, nickel, copper, and gold, with 13 uranium projects covering about 194,350 hectares [7]. - The management team possesses extensive expertise in capital raising and advancing mining projects, positioning the company to attract new investors [8].
Equity Metals Closes Non-Brokered Charity/Premium Flow-Through Private Placement
TMX Newsfile· 2025-12-18 21:14
Core Viewpoint - Equity Metals Corporation has successfully closed a non-brokered flow-through private placement, raising $4.6 million through the issuance of 20 million flow-through units at a price of $0.23 each [1][2]. Group 1: Financial Details - The offering consists of flow-through common shares and warrants, with each unit comprising one flow-through common share and one-half of a non-flow-through share purchase warrant. Each whole warrant allows the purchase of one non-flow-through common share at $0.40 for three years [1]. - The company incurred finders' fees totaling $79,264 and issued 495,400 non-transferable finder warrants, also exercisable at $0.40 for three years [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated for exploration and resource expansion at the Silver Queen Au-Ag-Zn vein project, as well as for surface work and drilling on the Au-Ag Arlington property [2]. Group 3: Property and Project Details - The company has completed the final option payment for the Arlington property, earning a 100% interest, while the vendor retains a 2% net smelter return royalty, with an option for the company to purchase 1% for $1 million [5]. - The Silver Queen Project is a significant gold-silver property with over 100 years of exploration history, featuring extensive mining infrastructure and a maintained tailings facility [6]. - The Silver Queen Property encompasses 45 mineral claims and covers an area of 18,852 hectares, with mineralization found in a series of epithermal veins across a 6 sq km area [7][8]. - The company holds a 100% interest in the Silver Queen project, which is strategically located along the Skeena Arch in British Columbia, and also has a controlling interest in the Monument Diamond project [9].
Critical One Energy Arranges Oversubscribed CDN$7.65 Million Flow-Through Private Placement
Globenewswire· 2025-10-08 18:49
Core Viewpoint - Critical One Energy Inc. has successfully arranged an oversubscribed private placement offering of up to 7,650,000 flow-through common shares at a price of CDN$1.00 per share, aiming for gross proceeds of up to CDN$7,650,000 to fund exploration activities [1][3]. Group 1: Offering Details - The private placement will involve a cash commission of up to 6.0% of the gross proceeds and common share purchase warrants equivalent to 6.0% of the FT Shares issued [2]. - The offering is scheduled to close on or about October 17, 2025, with all securities subject to a four-month and one-day hold period [5]. Group 2: Use of Proceeds - Proceeds from the sale of FT Shares will be utilized for eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as defined in the Income Tax Act (Canada) [3]. Group 3: Exploration Focus - The company's exploration efforts are centered on the Howells Lake Antimony-Gold Project, which also includes exploration for copper, zinc, and other base metals [4]. - The Howells Lake Project is strategically located approximately 200 kilometers from the Ring of Fire corridor in Ontario, Canada [4]. Group 4: Company Overview - Critical One Energy Inc. is focused on critical minerals and upstream energy, particularly in antimony and gold, to meet the rising global demand for these resources [6]. - The company is backed by experienced management and aims to leverage its technical, managerial, and financial expertise to drive growth and deliver value to shareholders [6].
Purepoint Uranium Sets Final Size of Private Placement at $6 Million
Newsfile· 2025-08-19 10:30
Core Viewpoint - Purepoint Uranium Group Inc. has successfully completed a non-brokered flow-through private placement, raising $6,000,000, with the offering fully subscribed and no further subscriptions accepted [1] Group 1: Offering Details - The offering consists of flow-through shares and warrants, with each warrant allowing the purchase of one common share at an exercise price of $0.50 for 24 months [1] - The gross proceeds from the flow-through shares will be allocated to Canadian Exploration Expenses related to the company's exploration program in the Athabasca Basin, Saskatchewan [2] - The company plans to renounce the Canadian Exploration Expenses by December 31, 2025 [2] Group 2: Regulatory and Corporate Approvals - The completion of the offering is contingent upon receiving necessary regulatory and corporate approvals, including the listing of the flow-through shares and warrant shares on the TSX Venture Exchange [3] - The resale of the securities will be subject to a statutory hold period of four months and one day following the closing date, targeted for around August 28, 2025 [3] Group 3: Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration with a portfolio of advanced projects in the Athabasca Basin, collaborating with industry leaders such as Cameco Corporation and Orano Canada Inc. [4] - The company also holds a promising VHMS project adjacent to Foran Corporation's McIlvenna Bay project, enhancing its strategic position in a significant uranium district [5]