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Prospector Closes $38 Million Financing
Newsfile· 2025-11-21 12:00
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") today announced it has closed its previously announced non-brokered private placement of an aggregate of 39,054,190 common shares for gross proceeds of $38,047,564 comprised of 5,500,000 flow-through common shares (the "FT Shares") at a price of $1.00 per FT Shar ...
Galway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
Globenewswire· 2025-11-19 22:56
Core Points - Galway Metals Inc. has entered into an agreement with Red Cloud Securities Inc. for a private placement aiming to raise up to C$10,000,000.55 through the sale of units and flow-through units [1][4] - The offering includes 3,703,704 units priced at C$0.54 each and 10,596,027 flow-through units priced at C$0.755 each [1][2] - The proceeds will be used for exploration of the Clarence Stream gold project and for general corporate purposes [4][5] Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one flow-through share and one-half of a warrant [2] - The warrants allow the holder to purchase one common share at C$0.80 within 36 months after the closing date [2] - An option is granted to Red Cloud to sell an additional C$1,500,000 in units and flow-through units prior to the closing [3] Regulatory and Closing Information - The offering is subject to regulatory approvals and is scheduled to close on December 10, 2025 [8] - The securities will be offered to purchasers in several Canadian provinces and may also be sold in offshore jurisdictions [6] Company Overview - Galway Metals is focused on advancing its 100%-owned Clarence Stream gold project in New Brunswick, which has a significant exploration potential [11] - The company also owns the Estrades project, a former high-grade polymetallic mine in Quebec [11] - The management team has a proven track record of creating shareholder value, having previously sold Galway Resources for US$340 million [11]
Juno Announces $18 Million Fully Allocated Non-Brokered Private Placement with Participation from Northfield Capital and Strategic Investor
Globenewswire· 2025-11-19 12:00
Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield”) and Juno Corp. (“Juno”) are pleased to announce that Juno will be undertaking a fully-allocated non-brokered private placement (the “Juno Offering”) to raise aggregate gross proceeds of $18 million, through the sale of a combin ...
1911 Gold Announces C$20 Million “Best Efforts” Life Offering and Private Placement
Globenewswire· 2025-11-12 12:23
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / VANCOUVER, British Columbia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- 1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB; FRA: 2KY) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (together with Haywood, the “Agents”), pursuant to which the Agents have agr ...
Sorrento Resources Provides Update on Brokered Private Placement Offering
Newsfile· 2025-11-07 19:49
Core Viewpoint - Sorrento Resources Ltd. is set to close a brokered private placement offering by November 14, 2025, with a lead order from Mr. Eric Sprott, despite delays due to budget issues related to the charity component [1][2]. Offering Details - The offering aims to raise gross proceeds of up to $4,500,000, with the potential to increase to $5,175,000 if the Agent's Option is fully exercised [2][5]. - The offering will consist of three types of units: - Premium flow-through units priced at $0.35 each, including one common share and one warrant [2]. - Flow-through units priced at $0.30 each, including one common share and half a warrant [2]. - Regular units priced at $0.25 each, including one common share and one warrant [2]. Use of Proceeds - Net proceeds from the sale of Premium FT Units and FT Units will be allocated to eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador [4]. - Proceeds from the sale of regular Units will be used for ongoing exploration drilling, working capital, and general corporate purposes [4]. Agent's Role and Fees - Research Capital Corporation will act as the sole agent and bookrunner for the offering, receiving a cash fee of 6.0% of the gross proceeds [8]. - The Agent will also receive non-transferable broker warrants equal to 6.0% of the total number of units sold, allowing the purchase of common shares at an exercise price of $0.25 for 24 months [8]. Securities Offering - The units will be offered via private placement in Canada and potentially in other jurisdictions, including the U.S., under applicable exemptions [6]. - The securities will have a hold period of four months and one day from the closing date [7]. Company Overview - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral properties in Canada, targeting precious metals, rare-earth elements, and base metals [11].
Prospector Announces Additional Non-Brokered Private Placements
Newsfile· 2025-11-07 12:00
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia--(Newsfile Corp. - November 7, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") today announced it has arranged a non-brokered private placement to raise gross proceeds of up to $27,658,351 through the issuance of 5,500,000 flow-through common shares (the “FT Shares”) at a price of $1.00 per FT Share and 22,843,661 non-flow-through common shar ...
Sitka Gold Closes $2.05 Million Financing
Thenewswire· 2025-11-05 18:25
Core Points - Sitka Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $2,055,000 through the issuance of 1,500,000 flow-through common shares at a price of $1.37 per share [1][2] - The total treasury of Sitka Gold now exceeds $43 million, following a previous financing of $28.5 million, enabling the company to advance its flagship RC Gold Project [2] - The company plans to conduct a significant drill program at the RC Gold Project, with up to 60,000 meters of diamond drilling anticipated in 2026, effectively doubling the total meters drilled to date [2] Financing Details - The proceeds from the flow-through shares will be used for eligible Canadian exploration expenses related to the RC Gold Project, with all qualifying expenditures to be renounced in favor of subscribers by December 31, 2025 [2] - The offering is subject to final acceptance from the TSX Venture Exchange, and all securities issued will have a hold period expiring on March 6, 2026 [3] Company Overview - Sitka Gold Corp. is a well-funded mineral exploration company based in Canada, focusing on gold, silver, and copper mineral properties, with no debt and over $43 million in treasury [7] - The company is advancing its 100% owned RC Gold Project in the Yukon Territory, along with other projects in Nevada, Arizona, and Nunavut [7]
Minnova Corp. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Newsfile· 2025-11-05 12:30
Minnova Corp. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 MillionNovember 05, 2025 7:30 AM EST | Source: Minnova Corp.Toronto, Ontario--(Newsfile Corp. - November 5, 2025) - Minnova Corp. (TSXV: MCI) ("Minnova" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud") to act as sole agent and bookrunner in connection with a "best efforts" private placement (the "Marketed Offering") for aggregate gross procee ...
Blue Star Gold Announces Closing of First Tranche of Non-Brokered Private Placement
Newsfile· 2025-11-05 01:00
Core Points - Blue Star Gold Corp. has closed the first tranche of its non-brokered private placement, raising proceeds of $1,250,000 through the issuance of 5,000,000 flow-through common shares at $0.25 per share [1][2] - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2] - The company will use the net proceeds for Canadian exploration expenses on its projects in Nunavut and for general working capital purposes [3] Financial Details - The company paid finder's fees totaling $75,000 cash and issued 300,000 finder's warrants, each exercisable at $0.25 until November 4, 2027 [2] - All securities issued are subject to a four-month hold period, expiring on March 5, 2026 [3] - The private placement is subject to final approval from the TSX Venture Exchange [4] 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 [5] - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit [5] - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [5]
Abcourt Closes $10 Million Brokered Private Placement
Globenewswire· 2025-10-31 17:20
Core Viewpoint - Abcourt Mines Inc. has successfully closed a brokered private placement, raising approximately $10 million through the sale of flow-through units and regular units, aimed at funding exploration and general corporate purposes [1][4]. Group 1: Offering Details - The Offering consisted of 41,666,666 flow-through units sold at $0.12 each and 58,823,530 regular units sold at $0.085 each [1]. - Each flow-through unit includes one class "B" share and one warrant, allowing the purchase of an additional class "B" share at $0.12 until October 31, 2028 [2]. - Each regular unit also consists of one class "B" share and one warrant, with the same purchase terms as the flow-through units [3]. Group 2: Use of Proceeds - Net proceeds from the sale of regular units will be allocated for working capital and general corporate purposes [4]. - Proceeds from the flow-through units will specifically fund exploration activities for the Flordin-Cartwright project in the Abitibi Greenstone Belt, with a commitment to incur qualifying expenditures by December 31, 2026 [4]. Group 3: Agent Compensation - The lead agent, Red Cloud Securities Inc., received a cash commission of approximately $450,000 and 4,264,711 non-transferable warrants, each allowing the purchase of a class "B" share at $0.12 until October 31, 2028 [5]. Group 4: Insider Participation - Mr. Nouredine Mokaddem, a director of Abcourt, subscribed for 24,705,880 units, increasing his beneficial ownership by approximately 2.14% [10]. - Following the Offering, Mr. Mokaddem holds 124,705,880 class "B" shares, representing about 11.19% of the outstanding shares on a non-diluted basis [12]. Group 5: Regulatory Compliance - The Offering was completed under the listed issuer financing exemption, and the units are not subject to resale restrictions under Canadian securities laws [6]. - The Offering is pending final approval from the TSX Venture Exchange [6].