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Omega Pacific Closes First Tranche of Offering
Newsfile· 2025-08-18 20:43
Core Points - Omega Pacific Resources Inc. has closed the first tranche of its non-brokered private placement, raising a total of $292,500 [1] - The proceeds from the offering will be allocated to an exploration program on the Williams Property and for general working capital [1] Group 1: Offering Details - The first tranche included the sale of 570,372 flow-through units for gross proceeds of $77,000 and 2,155,000 non flow-through units for gross proceeds of $215,500 [1] - Each non flow-through unit consists of one common share and one share purchase warrant exercisable at $0.15 for a two-year period [2] - Each flow-through unit consists of one flow-through common share and one share purchase warrant exercisable at $0.20 for a two-year period [3] Group 2: Finder's Fees and Warrants - The company paid a total of $16,450 in cash and issued 155,426 finder's warrants to eligible finders [4] - The finder's warrants include 25,926 exercisable at $0.135 and 129,500 exercisable at $0.10, both for up to two years [4] Group 3: Regulatory and Tax Considerations - All securities issued are subject to a hold period of four months and one day from the date of issuance [5] - The flow-through shares will qualify as "flow-through shares" under the Income Tax Act (Canada) and will be used to incur "Canadian exploration expense" [5] Group 4: Company Focus - Omega Pacific is focusing its resources on the Williams Property after terminating its option agreement for the Lekcin property [6] - The Williams Property is located in BC's Toodoggone District, which is gaining attention from major mining companies [7] - In 2024, Omega Pacific discovered a significant bulk tonnage gold system at the GIC Prospect on the Williams Property [7]
Scottie Announces Closing of the First Tranche of Its Previously Announced Non-Brokered Financing
Newsfile· 2025-08-11 20:15
Scottie Announces Closing of the First Tranche of Its Previously Announced Non-Brokered FinancingAugust 11, 2025 4:15 PM EDT | Source: Scottie Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - August 11, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to announce the closing of the first tranche (the "First Tranche") of its previously announced non-brokered private placement financing (the "Offering"), through the issu ...
CEO.CA's Inside the Boardroom: Amex Exploration Raises C$30M Led by Eldorado Gold, Updated PEA Underway on Perron Project
Newsfile· 2025-07-28 17:11
Group 1 - CEO.CA is a leading investor social network focused on junior resource and venture stocks, providing exclusive updates to CEOs of junior mining explorers [1][6] - Founded in 2012, CEO.CA has become one of the most popular free financial websites and apps in Canada, attracting millions of global investors to share knowledge and discuss stocks and commodities [2][6] - The platform features an interview series called 'Inside the Boardroom', which offers insights from industry leaders about their vision, challenges, and strategies [3][4] Group 2 - Amex Exploration Inc. has raised C$30 million, led by Eldorado Gold, which has increased its stake to approximately 17% [4][8] - The updated Preliminary Economic Assessment (PEA) for the Perron Project will include a four-year toll milling strategy, aimed at accelerating gold production from the high-grade Champagne Zone while mitigating risks associated with full-scale mine development [4][8]
Baselode Announces Private Placement for Gross Proceeds of up to C$5.0 Million
Newsfile· 2025-07-23 11:05
Core Viewpoint - Baselode Energy Corp. has announced a private placement to raise gross proceeds of up to C$5.0 million through the sale of flow-through units, targeting charitable purchasers [1][4]. Group 1: Offering Details - The private placement involves the sale of up to 35,714,286 flow-through units at a price of C$0.14 per unit, aiming for total gross proceeds of C$5,000,000 [1]. - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.14 within 36 months after the closing date [2]. - The agent has an option to sell an additional 7,142,857 flow-through units for up to C$1,000,000, exercisable up to 48 hours before the closing [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for exploration projects in the Thelon and Athabasca Basins, specifically targeting "critical minerals" as defined by Canadian tax regulations [4]. - The funds raised will be used to incur "Canadian exploration expenses" and "flow-through mining expenditures," with an effective renouncement date for subscribers not later than December 31, 2025 [4]. Group 3: Regulatory and Trading Information - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange, and is scheduled to close on or about August 15, 2025 [7]. - The flow-through units will be offered to purchasers in specific Canadian provinces, and the shares are expected to be freely tradable under Canadian securities legislation if sold to Canadian residents [5]. Group 4: Company Overview - Baselode Energy Corp. controls 100% of approximately 226,128 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada [10]. - The company discovered the ACKIO near-surface uranium prospect, which features significant mineralization at shallow depths and remains open for further exploration [11]. - Baselode's exploration strategy focuses on discovering high-grade uranium orebodies outside the Athabasca Basin using innovative geophysical methods [12].
Dryden Gold Corp. Announces Equity Financing
Newsfile· 2025-07-17 10:00
Core Viewpoint - Dryden Gold Corp. is proposing a non-brokered equity financing to raise up to $7 million through the issuance of various types of shares, aimed at expanding its drill program and for general corporate purposes [1][2]. Financing Details - The financing will consist of up to 34,285,714 shares, including: - Up to 14,285,714 flow-through common shares (FT Shares) at $0.24 each, raising a maximum of $2 million - Up to 12,500,000 charity flow-through shares (CFT Shares) at $0.284 each, raising a maximum of $3.55 million - Up to 7,500,000 hard dollar shares (HD Shares) at $0.20 each, raising a maximum of $1.45 million [1][2]. - The offering is subject to regulatory approvals and will close in one or more tranches by September 5, 2025 [3]. Use of Proceeds - Proceeds from the financing will be allocated to expand the current drill program to 30,000 meters and for general corporate purposes [2]. Tax Implications - The FT Shares and CFT Shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [4]. Insider Participation - The company anticipates that insiders may subscribe for HD Shares, which will be treated as a related party transaction [5]. Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a 100% interest in a strategic land position in the Dryden District of Northwestern Ontario, with a property that includes historic gold mines and significant exploration potential [6].
Red Pine Announces Closing of Upsized $8.5 Million Brokered Offering
Globenewswire· 2025-07-09 13:12
Core Viewpoint - Red Pine Exploration Inc. has successfully closed an upsized brokered offering, raising a total of $8,500,000 through various units, aimed at funding exploration and development activities at the Wawa Gold Project in Ontario [1][4]. Group 1: Offering Details - The offering included 55,000,000 non-flow-through units (NFT Units) priced at $0.10 each, generating $5,500,000 in gross proceeds [1]. - Additionally, 12,500,000 flow-through units (FT Units) were issued at $0.12 each, raising $1,500,000, and 10,714,284 charity flow-through units (CFT Units) at $0.14 each, also raising approximately $1,500,000 [1]. - Each warrant associated with the units allows the holder to purchase one common share at an exercise price of $0.15 for 36 months [2]. Group 2: Use of Proceeds - Gross proceeds from NFT Units will be allocated for working capital, general corporate purposes, and evaluating future open pit production at the Wawa Gold Project [4]. - Proceeds from FT Units and CFT Units will specifically fund exploration expenses related to the Wawa Gold Project, qualifying under Canadian tax regulations [4]. Group 3: Agents and Commissions - Research Capital Corporation acted as the sole bookrunner and co-lead agent, with Haywood Securities Inc. as co-lead agents for the offering [2]. - The company paid a cash commission of $501,300 to the agents and granted them 4,605,857 non-transferable broker warrants [5].
Goldstorm Metals Announces Closing of Upsized Non-Brokered Private Placement Financing for Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-27 13:07
Core Viewpoint - Goldstorm Metals Corp. has successfully closed a non-brokered private placement financing, raising approximately $2.1 million, with notable participation from strategic investor Eric Sprott [2][5]. Financing Details - The private placement generated gross proceeds of $2,088,973.75, consisting of 15,441,483 non-flow-through units sold at $0.07 each, totaling $1,080,903.81, and 9,999,999 flow-through units sold at $0.1008 each, totaling $1,007,999.90 [2][3]. - Each non-flow-through unit includes one common share and one-half of a warrant, while each flow-through unit includes one common share and one-half of a warrant [3]. Warrant Information - Each warrant allows the holder to purchase one common share at an exercise price of $0.10 for 24 months, with an acceleration clause if the common shares reach a closing price of $0.20 for ten consecutive trading days [4]. Strategic Investor Participation - Eric Sprott, through his corporation, acquired 3,571,428 common shares and 1,785,714 warrants, qualifying as a related-party transaction [5]. 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 used for Canadian exploration expenses, with a commitment to incur qualifying expenditures by December 31, 2026 [7]. Finder's Fees - The company paid cash commissions of $45,746.44 to finders and issued 651,377 non-transferable finder's warrants, each allowing the purchase of one common share at $0.1008 for 24 months [8][9]. Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in British Columbia's Golden Triangle, known for high-grade gold deposits [10].
1911 Gold Announces C$11.5 Million “Bought Deal” Life Offering and Private Placement
Globenewswire· 2025-06-24 20:07
Core Viewpoint - 1911 Gold Corporation has announced a bought deal offering to raise gross proceeds of C$11,500,202 through the sale of various types of common shares, including non-flow-through shares and flow-through shares, to fund exploration and development activities [1][9]. Group 1: Offering Details - The offering includes 2,500,000 non-flow-through shares at C$0.20 each, 2,924,000 flow-through shares qualifying as Canadian exploration expenses at C$0.342 each, 26,042,000 flow-through shares at C$0.288 each, and 10,163,000 flow-through shares qualifying as accelerated Canadian development expenses at C$0.246 each [1]. - The underwriters have an option to purchase an additional 15% of the offering in any combination of the offered shares [2]. - The offering is expected to close on or about July 17, 2025, subject to necessary approvals and closing conditions [9]. Group 2: Use of Proceeds - The net proceeds from the sale of non-flow-through shares will be used for general corporate and working capital purposes [6]. - The gross proceeds from the sale of flow-through shares will be used to incur qualifying expenditures related to Canadian exploration and development expenses by specific deadlines [4][5]. Group 3: Regulatory and Compliance - The flow-through shares will be offered under private placement exemptions in Canada, while non-flow-through shares will be offered in compliance with U.S. securities laws [3][11]. - The CEE PP Shares will be subject to a hold period in Canada expiring four months and one day from the closing date of the offering [7]. Group 4: Company Overview - 1911 Gold Corporation is a junior explorer with a consolidated land package of over 61,647 hectares in Manitoba, including the True North mine and mill complex [12]. - The company aims to focus on organic growth and accretive acquisition opportunities in North America [12].
American Eagle Closes Private Placement by South32
Newsfile· 2025-06-12 13:08
Core Viewpoint - American Eagle Gold Corp. has successfully closed a private placement of 1,156,000 charity flow-through common shares, raising approximately C$820,000, which will be utilized for exploration at the NAK project in British Columbia [1][2]. Financial Summary - The proceeds from the offering increase the company's balance sheet to over $36 million [2]. - The charity flow-through shares were sold at a price of C$0.71 per share [1]. Project Development - The 2025 drill program commenced on May 25, with two drill holes completed and two more underway, focusing on expanding the gold-enriched zone in the southern part of the Main Zone [5]. - Preparations are being made to explore the copper-enriched northern part of the Main Zone, which previously showed significant mineralization [5]. - The company is leveraging data from a recent 3-Axis Gradient Magnetometer Survey to refine existing targets and identify new ones, potentially expanding the drill program [6]. Regulatory and Compliance - The offering is subject to final approval from the TSX Venture Exchange, with a hold period for the securities expiring on October 12, 2025 [3]. - The offering is classified as a "related party transaction" due to South32's existing shareholding, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [7]. Project Background - The NAK project is located in the Babine copper-gold porphyry district of British Columbia, with historical drilling revealing a large near-surface copper-gold system measuring over 1.5 km x 1.5 km [8]. - Recent drilling by American Eagle has indicated significant intervals of high-grade copper-gold mineralization, suggesting the presence of both near-surface and deeper mineralization zones [8]. Company Overview - American Eagle Gold Corp. is focused on advancing its NAK copper-gold porphyry project, supported by over $36 million in cash and strategic partnerships with Teck Resources and South32 [9].
New Found Gold Closes Second Tranche of C$63 Million Bought Deal Financing Including Full Exercise of Underwriters' Over-Allotment Option
Prnewswire· 2025-06-12 13:05
Core Viewpoint - New Found Gold Corp. has successfully closed the second and final tranche of its public offering, raising a total of C$63,480,000 through the sale of charity flow-through common shares and common shares, aimed at funding exploration activities at its Queensway Gold Project [1][2][6]. Offering Details - The second tranche included 24,610,000 charity flow-through common shares priced at C$2.29 each and 4,370,000 common shares priced at C$1.63 each, with gross proceeds of C$63,480,000 [1][2]. - The second tranche raised C$21,400,050 from the sale of 9,345,000 charity flow-through common shares, including the full exercise of the over-allotment option [2]. Underwriting and Fees - The offering was conducted under an underwriting agreement with a syndicate led by BMO Capital Markets and included several other firms [3]. - The company paid a total cash fee of C$526,413.75 to the underwriters, which is 5.25% of the gross proceeds from the second tranche, excluding certain sales [5]. Use of Proceeds - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Queensway Gold Project, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [6]. Regulatory Approvals - The offering is subject to receiving all necessary regulatory approvals, including final approval from the TSX Venture Exchange for the listing of the shares [4]. Company Background - New Found Gold holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [10]. - The company has completed an initial mineral resource estimate at Queensway and is currently conducting a preliminary economic assessment [10]. - Recent drilling has indicated new discoveries, highlighting the project's district-scale potential [11].