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Nuvau Minerals Announces Amendment to Private Placement Terms
TMX Newsfile· 2026-02-21 00:34
Core Viewpoint - Nuvau Minerals Inc. has amended the terms of its brokered private placement offering, aiming to raise up to $20 million through the issuance of units and flow-through shares [1][2]. Offering Details - The offering consists of up to 18,750,000 units priced at $0.80 per unit, targeting gross proceeds of up to $15 million [1]. - Additionally, the company plans to issue up to 5,555,555 flow-through common shares at $0.90 per share, aiming for gross proceeds of up to $5 million [2]. - The proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses, with at least 30% qualifying as flow-through critical mineral mining expenditures [2]. Related Party Transaction - A director of the company intends to sell up to 400,000 common shares to subscribe for an equivalent number of flow-through shares under the offering [4]. - This transaction is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Closing Timeline - The closing of the unit offering is expected around February 24, 2026, while the flow-through offering is anticipated to close on or about March 6, 2026 [6]. - The completion of the offering is subject to certain conditions, including conditional approval from the TSX Venture Exchange [6]. Additional Information - The agents involved in the offering have an option to sell additional units or flow-through shares, potentially raising an extra $5 million in gross proceeds [7]. - Nuvau Minerals is currently in the exploration and development phase, with its principal asset being the right to earn a 100% interest in the Matagami property from Glencore [9].
Trident Closes $18.6 Million Offering
Globenewswire· 2026-02-18 14:24
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Vancouver, BC, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce that it has closed its previously announced private placements (please refer to the Company’s January 27th, 2026, and February 2nd, 2026 news releases). A total of 4,948,000 common shares of the Company that qualify as “flow-through shares” within the meaning of subsection ...
Forge Resources Announces $10 Million Private Placement
TMX Newsfile· 2026-02-18 12:00
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("Forge" or the "Company") is pleased to announce that it has entered into an engagement letter agreement with Ventum Financial Corp. (the "Agent"), pursuant to which the Agent will offer, on a "best efforts" private placement basis, up to 10,000,000 LIFE units (the "LIFE Units") and up to 8,333,400 flow through units (the "FT Units") that intend to qualify as "flow-through shares" ...
Trident Announces Full Exercise of Over-Allotment Option and Expected Proceeds of $18.6 Million to Fully Fund Expanded 2026 Drilling at Saskatchewan Gold Projects
Globenewswire· 2026-02-02 12:00
Core Viewpoint - Trident Resources Corp. has successfully increased its financing through a bought deal offering and a concurrent non-brokered private placement, raising a total of approximately $18.6 million to fund exploration and development of its gold projects in Saskatchewan [1][2][3][4]. Financing Details - The bought deal offering includes an over-allotment option exercised by underwriters, resulting in the purchase of an additional 600,000 flow-through shares at a price of $3.76 per share, bringing total gross proceeds to $17,296,000 [1][2]. - A concurrent non-brokered private placement will issue 348,000 flow-through shares at the same price, generating additional gross proceeds of $1,308,480 [2]. - The total gross proceeds from both offerings amount to approximately $18.6 million [2]. Use of Proceeds - Proceeds from the offerings will be allocated for exploration, mineral resource expansion, and drilling at Trident's gold projects in the La Ronge Gold Belt of Saskatchewan [3]. - The funds will qualify as Canadian Exploration Expenses and flow-through mining expenditures, which will be renounced to initial purchasers by December 31, 2026 [3]. Project Highlights - The CEO of Trident highlighted that the financing will accelerate exploration at the flagship Contact Lake Gold Project, which has shown a 100% success rate in recent drilling programs [4]. - The results from the fall drill program confirm robust gold mineralization and indicate significant upside potential for the project [4]. Closing and Regulatory Compliance - The bought deal offering is expected to close around February 18, 2026, subject to customary conditions and regulatory approvals [4]. - The offerings will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [5].
Dryden Gold Corp. Announces the Closing of Its Previously Announced Upsized Equity Financing
TMX Newsfile· 2026-01-30 21:14
Core Viewpoint - Dryden Gold Corp. has successfully closed an upsized non-brokered equity financing, raising a total of $1,848,750 through the issuance of 4,350,000 charity flow-through common shares at a price of $0.425 per share [1][2]. Financing Details - The Upsized Offering consists of 4,350,000 charity flow-through common shares priced at $0.425 each, resulting in gross proceeds of $1,848,750 [1]. - The shares qualify as "flow-through shares" under Canadian tax legislation, allowing for certain tax benefits for investors [2]. Use of Proceeds - The gross proceeds from the issuance of the CFT Shares will be allocated to eligible resource exploration expenses, which may qualify as Canadian exploration expenses and flow-through mining expenditures, contingent on legislative approval [3]. Company Overview - Dryden Gold Corp. is focused on gold exploration in the Dryden District of Northwestern Ontario, controlling a 100% interest in a strategic land position that includes historic gold mines [5]. - The company has a strong management team with a proven track record in property acquisition, exploration success, and mergers and acquisitions [5]. - The property has high-grade gold mineralization over a potential strike length of 50 kilometers along the Manitou-Dinorwic deformation zone, with good infrastructure and relationships with First Nations communities [5].
Bonterra Announces Results of Canada Revenue Agency Audit
TMX Newsfile· 2026-01-16 22:00
Core Viewpoint - Bonterra Resources Inc. is undergoing a tax audit by the Canada Revenue Agency regarding the renunciation of Canadian exploration expenses related to private placements of flow-through shares, which raised approximately C$16.96 million [1][2]. Group 1: Tax Audit and Proposed Adjustments - The CRA intends to reclassify approximately C$11.05 million of previously renounced Canadian exploration expenses, claiming they do not meet the definition for tax purposes [2]. - Bonterra disputes the CRA's assumption that the Moroy Deposit is an extension of the Bachelor Mine and plans to vigorously defend its position against the proposed tax adjustments [2][3]. Group 2: Impact on Subscribers - The CRA will notify subscribers of the Flow-Through Financings regarding reassessments of deductions claimed for the related Canadian exploration expenses, starting with the December 2019 financing [3]. - The company has agreed to indemnify subscribers for taxes related to disallowed renunciations of Canadian exploration expenses, inviting affected subscribers to contact the company for further information [4]. Group 3: Financial Implications - The maximum estimated exposure for the company regarding indemnification obligations, including interest and penalties, is approximately C$9.5 million, with an initial liability expected to be around C$3 million [5]. - The company plans to account for this liability in its financial statements for the year ending December 31, 2025 [5].
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
Core Viewpoint - Nio Strategic Metals Inc. has announced a private placement of 6,400,000 flow-through common shares, aiming to raise approximately $800,000 for exploration activities on its Oka property in Quebec [1][3]. Group 1: Private Placement Details - The private placement will be conducted under prospectus exemptions and is subject to final acceptance by the TSX Venture Exchange [2]. - A four-month hold period will apply to the shares issued in the private placement [2]. - The company issued 210,000 common shares and paid commissions totaling $26,250 in connection with the private placement [2]. Group 2: Use of Proceeds - Proceeds from the private placement will be exclusively allocated for qualifying Canadian Exploration Expenditures, specifically for an exploration and mineral resource evaluation program on the Oka property [3]. - The exploration aims to determine the existence, location, extent, and quality of niobium and other critical metals on the property [3]. - The proceeds will be renounced to subscribers with an effective date no later than December 31, 2026, totaling not less than the gross proceeds raised [3]. Group 3: Company Overview - Nio Strategic Metals is focused on exploration and development, with the goal of becoming a ferroniobium producer [5]. - The company holds niobium properties in Oka and near Mont-Laurier, as well as another exploration property in Quebec [5].
Volta Metals Announces Upsizing of Previously Announced Offering
TMX Newsfile· 2025-12-17 11:00
Core Viewpoint - Volta Metals Ltd. has increased its non-brokered private placement offering to raise up to $2,100,000 due to excess demand, with terms remaining consistent with previous announcements [1][2]. Offering Details - The offering will consist of up to 9,130,435 common shares priced at $0.23 each, qualifying as "flow-through shares" under Canadian tax law [2]. - The company reserves the right to increase the offering size by up to 25%, potentially raising gross proceeds to $2,625,000 through the issuance of an additional 2,282,608 Flow-Through Shares [2]. Use of Proceeds - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the company's Springer and Aki projects in Ontario, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [3]. Insider Participation - Certain directors and officers of the company may participate in the offering, which will be classified as a related party transaction. The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements [4]. Closing Conditions - The offering is expected to close around December 22, 2025, subject to necessary approvals, including acceptance by the Canadian Securities Exchange (CSE) [5]. Finder's Fees - The company may pay finders fees of up to 6% in cash and issue finder warrants of up to 6% of the Flow-Through Shares placed by eligible finders, with each warrant exercisable for one common share at $0.23 for 24 months [5]. Securities Regulations - The securities issued will be subject to a statutory hold period of four months and a day from the date of issuance in accordance with Canadian securities laws [6]. Company Overview - Volta Metals Ltd. is a mineral exploration company based in Toronto, focusing on rare earth elements and other critical minerals, with projects located in one of the world's most prolific mining districts [9].