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Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-24 00:30
Core Viewpoint - Canterra Minerals Corporation has successfully closed a private placement, raising a total of C$5,705,361.51 through the issuance of Critical Minerals flow-through shares and National flow-through shares [1]. Group 1: Private Placement Details - The company issued 10,980,000 Critical Minerals flow-through shares at a price of C$0.25 per share, generating gross proceeds of C$2,745,000 [2]. - Additionally, 12,871,137 National flow-through shares were issued at a price of C$0.23 per share, resulting in gross proceeds of C$2,960,361.51 [3]. - The total gross proceeds from both share types will be utilized for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards the exploration of the company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5]. Group 3: Finder's Fees and Warrants - In connection with the private placement, the company paid finders fees of C$50,000 in cash and issued 135,848 non-transferable finders' warrants [6]. - The finders' warrants related to CMFT Shares are exercisable at C$0.25 per warrant, while those related to FT Shares are exercisable at C$0.23 per warrant, both valid for 12 months from issuance [6]. Group 4: Securities Regulations - The securities issued in the private placement are not registered under the United States Securities Act and cannot be offered or sold to U.S. persons without registration or an applicable exemption [8]. Group 5: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects located near the historically significant Buchans Mine and Teck Resources' Duck Pond Mine [9]. - The company's gold projects are situated along a structural corridor that hosts mineralization within Equinox Gold's mine project, indicating potential for significant discoveries [10].
Muzhu Mining Announces Closing Of Oversubscribed Second Tranche Of Financing
Thenewswire· 2025-12-24 00:09
Core Viewpoint - Muzhu Mining Ltd. has successfully closed the second tranche of its non-brokered offering, raising a total of $250,000, contributing to an aggregate of $500,000 raised from both tranches of the offering [1][2]. Group 1: Offering Details - The offering aims to raise up to $1,000,000, consisting of two components: up to $500,000 in units at $0.06 per unit and up to $500,000 in flow-through units at $0.08 per unit [2]. - Each unit consists of one common share and one warrant, while each flow-through unit includes one common share qualifying as "flow-through shares" and one warrant [2]. - The warrants allow holders to purchase one common share at an exercise price of $0.10 for up to 24 months following the closing of the offering [3]. Group 2: Use of Proceeds - Net proceeds from the sale of units will fund the initial option payment for the Everett titanium property, working capital, and general corporate purposes [4]. - Gross proceeds from the sale of flow-through units will be allocated for surface exploration, metallurgical testing, and verification of historical exploration work at the Everett Property [4]. - The entire gross proceeds from the flow-through units will be used for Canadian Exploration Expenses, which must be incurred by December 31, 2026, and renounced by December 31, 2025 [5]. Group 3: Future Plans - A final tranche of the offering is expected to close in January 2026, subject to regulatory approvals [6]. - The company paid $10,000 in finder's fees and issued 125,000 finder's warrants in connection with the second tranche [7].
Nio Strategic Metals Closes Flow-Through Shares Private Placement to Advance Oka Explorations
TMX Newsfile· 2025-12-19 21:19
Montreal, Quebec--(Newsfile Corp. - December 19, 2025) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Company"), today announced that it has arranged a private placement (the "Private Placement") of 6,400,000 flow-through common shares of the Company (the "Flow-through shares") that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) for gross proceeds of approximately $800,000. The Private Placement was completed pursuant t ...
Volta Metals Announces Upsizing of Previously Announced Offering
TMX Newsfile· 2025-12-17 11:00
Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) ("Volta" or the "Company") is pleased to announce, that as a result of excess demand, it has increased the size of its previously announced non-brokered private placement to raise gross proceeds of up to an aggregate of $2,100,000 (the "Offering"). In all other respects, the terms of the Offering will remain as previously disclosed in the announcement press release dated December 15, 2025.The Offering will inc ...
Volta Metals Announces Private Placement Financing for Proceeds of up to $1,500,000
TMX Newsfile· 2025-12-15 22:43
Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTC Pink: VOLMF) ("Volta" or the "Company") is pleased to announce a non-brokered private placement to raise proceeds of up to $1,500,000 through the issuance of up to 6,521,739 common shares of the Company issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $0.23 per Flow-Through Share (the "Offering"). The Flow-Through Shares will qualify as "flow-through shares" (within the meaning o ...
Midland Announces Closing of $3.0M Private Placement
Globenewswire· 2025-12-09 21:30
Core Points - Midland Exploration Inc. has completed a non-brokered private placement, issuing a total of 4,972,876 flow-through shares at $0.56 each and 550,000 common shares at $0.46 each, raising total gross proceeds of $3,037,811 [1][2] - Centerra Gold Inc. has exercised its right to maintain approximately 9.9% ownership by acquiring 550,000 shares as part of the private placement [2] - Insiders participated in the private placement, acquiring 443,500 flow-through shares for total gross proceeds of $348,360, which is classified as a related party transaction [3] - Following the private placement, Midland has 112,973,453 common shares issued and outstanding, and the transaction is subject to final acceptance by the TSX Venture Exchange [4] Financial Details - The total gross proceeds from the private placement amount to $3,037,811, with $348,360 raised from insider participation [1][3] - Finder's fees totaling $116,485 were paid to third parties in connection with the private placement [4] Company Strategy - Midland plans to use the proceeds from the private placement to fund exploration activities on its properties in Quebec and for general corporate purposes [2] - The company is focused on discovering new world-class deposits of gold and critical metals in Quebec and aims to build its portfolio through partnerships and additional agreements [5]
Sun Summit Announces Non-Brokered Private Placement of up to $7 Million
Newsfile· 2025-12-09 21:00
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 50,000,000 charity flow-through shares of the Company (each, a "Charity FT Share") at a price of $0.14 per Charity FT Share for aggregate gross proceeds to the Company of up to $7 million. Each Charity FT Share will qualify as a flowthrough share within the meaning of ...
Canterra Minerals Announces $5.0 Million Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-04 12:05
Core Viewpoint - Canterra Minerals Corporation is conducting a non-brokered flow-through private placement to raise up to C$5.0 million through the issuance of Critical Minerals flow-through shares and National flow-through shares [1] Group 1: Private Placement Details - Up to 10,000,000 Critical Minerals flow-through shares will be offered at a price of $0.25 per share, aiming for gross proceeds of up to C$2,500,000 [2] - Up to 10,869,565 National flow-through shares will be offered at a price of $0.23 per share, also targeting gross proceeds of up to C$2,500,000 [3] - The total gross proceeds from both share types will be used for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" as defined by the Income Tax Act [4] Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for the exploration of the Company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5] Group 3: Closing and Regulatory Information - The private placement is expected to close on December 23, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7] - The shares will be subject to a hold period of four months plus one day following the closing date under applicable Canadian securities laws [7] Group 4: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [9] - The Company's gold projects are located along a structural corridor that hosts mineralization within Equinox Gold's Valentine mine project, indicating significant exploration potential [10]
Minnova Corp. Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$4.82 Million
Newsfile· 2025-12-03 16:56
Core Viewpoint - Minnova Corp. has successfully closed a brokered private placement offering, raising gross proceeds of C$4.82 million to support its PL Gold Mine Project and general corporate purposes [1][3]. Group 1: Offering Details - The offering consisted of the sale of 12,900,000 units at C$0.20 each and 9,739,800 flow-through units at C$0.23 each, totaling C$4,820,154 [1]. - Each unit includes one common share and one warrant, while each flow-through unit includes one common share and one warrant classified as a "flow-through share" [2]. - The warrants allow holders to purchase common shares at C$0.30 until December 3, 2028 [2]. Group 2: Use of Proceeds - The net proceeds will be allocated to the exploration and advancement of the PL Gold Mine Project in Manitoba, along with working capital and general corporate purposes [3]. - Proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the PL Gold Mine Project, with expenditures to be renounced in favor of FT Unit purchasers by December 31, 2025 [4]. Group 3: Regulatory Compliance - The offering was conducted under the listed issuer financing exemption, allowing for the sale of units to Canadian purchasers [5]. - Flow-through units were sold under accredited investor and minimum amount investment exemptions, with a hold period expiring on April 4, 2026 [6]. Group 4: Financial Arrangements - Red Cloud Securities Inc. acted as the sole agent and bookrunner, receiving cash fees of C$256,809.24 and 1,196,388 non-transferable common share purchase warrants as compensation [7]. Group 5: Company Overview - Minnova Corp. is focused on restarting and expanding its 100%-owned PL Gold Mine in Manitoba, which has significant existing infrastructure [12]. - A positive 2018 Feasibility Study indicated a robust 5-year mine life with an annual production rate of 46,493 ounces, and the company is revising its development plan to prioritize lower-cost open pit mining methods [13]. - The current global gold resource remains open for expansion, with a Mineral Resource Estimate revision planned for 2026 [14].
Nio Strategic Metals Announces Flow-Through Shares Private Placement to Advance Oka Explorations
Newsfile· 2025-11-28 21:31
Core Points - Nio Strategic Metals Inc. has arranged a private placement of 6,000,000 flow-through common shares for gross proceeds of approximately $750,000 [1][4] - The private placement is subject to final acceptance by the TSX Venture Exchange and necessary regulatory approvals, with a four-month hold period from the issuance date [2] - The proceeds will be exclusively used for qualifying Canadian Exploration Expenditures related to exploration and mineral resource evaluation on the Oka and Fafnir properties in Quebec [4] Financial Details - The company issued 175,000 finder's warrants in connection with the private placement and will pay commissions of $26,250 [3] - Each finder's warrant allows the holder to acquire one additional common share at a price of $0.15 per share for 24 months from the issuance date [3] Company Overview - Nio Strategic Metals focuses on becoming a ferroniobium producer and holds niobium properties in Oka and near Mont-Laurier, Quebec [6]