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BTU Announces Flow Through Financing
Accessnewswire· 2025-11-11 17:35
Core Points - BTU Metals Corp. has announced a non-brokered private placement of up to 12,000,000 flow-through shares priced at $0.05 per share [1] - The total gross proceeds from this offering are expected to reach up to $600,000 [1] Company Summary - The company is engaging in a flow-through share offering, which is a common method for raising capital in the mining sector [1] - The offering is structured to attract investors by providing tax benefits associated with flow-through shares [1]
Transition Metals Corp Upsizes Critical Flow Through Financing to $743,133
Newsfile· 2025-09-29 21:57
Core Viewpoint - Transition Metals Corp. has successfully upsized its non-brokered critical mineral flow-through private placement financing to a total of $743,133, driven by strong demand for the offering [1]. Group 1: Financing Details - The CFT Offering consists of 9,908,439 Critical Flow Through Shares priced at $0.075 each [1]. - A finder's fee may be paid, which includes 6% cash and 6% non-transferable share purchase warrants for CFT Shares sold to investors introduced by finders [2]. - The proceeds from the CFT Shares will be utilized to explore and advance critical minerals properties in Ontario and Yukon [3]. Group 2: Regulatory and Compliance Information - The completion of the CFT Offering is subject to necessary approvals, including from the TSX Venture Exchange [3]. - Certain officers and directors may participate in the private placement, which is considered a "related party transaction" but is exempt from certain requirements due to the value being less than $2,500,000 [4]. Group 3: Company Overview - Transition Metals Corp. is a Canadian-based multi-commodity explorer with a team of experienced geoscientists focused on discovering mineralization in underexplored areas [5].
NorthWest Upsizes Flow Through Financing to $4.1 Million and Closes Final Tranche
Globenewswire· 2025-08-25 10:30
Core Insights - NorthWest Copper Corp has successfully upsized its non-brokered critical mineral flow-through private placement financing to a total of $4.1 million due to strong investor demand [1][2] - The funds will be utilized for exploration drilling and metallurgical programs at the Kwanika project, focusing on higher-grade zones within existing mineral resources [2][3] Financing Details - The final tranche of the upsized flow-through offering closed with subscriptions of 887,490 units at a price of $0.225 per unit, generating gross proceeds of $0.9 million [1][2] - Each unit consists of one flow-through common share and one half of a non-transferable common share purchase warrant, with the warrants exercisable at $0.34 until August 22, 2027 [2][4] Exploration Plans - The financing allows for a staged approach to the 2025 exploration program, which includes a 5,135-meter drill program aimed at confirming and expanding higher-grade zones [2] - Additional nearby targets, such as the Transfer Target and Andesite Breccia Target, will also be tested for potential new mineralization [2] Tax Implications - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds allocated to eligible resource exploration expenses [3] Advisory and Fees - Canaccord Genuity Corp acted as the financial advisor for the offering, with the company incurring cash finder's fees and issuing common shares and compensation warrants as part of the final tranche [4]
NorthWest Closes First Tranche of Flow Through Financing and Upsizes Placement to Fund Work at Kwanika
Globenewswire· 2025-07-29 11:00
Core Viewpoint - NorthWest Copper Corp has successfully closed the first tranche of its non-brokered critical mineral flow-through private placement financing, increasing the offering to a maximum of $3.5 million due to excess demand, and has re-opened a hard dollar private placement for additional funding [1][2][3] Financing Details - The first tranche of the flow-through offering raised $2.5 million through the sale of 11,281,112 units at a price of $0.225 per unit, with each unit consisting of one flow-through common share and one half of a non-transferable common share purchase warrant [2][3] - The upsized flow-through offering will include an additional $1 million and a hard dollar component of up to $0.4 million, with the hard dollar units priced at $0.20 each [3][4] - Proceeds from the flow-through placement will be allocated for exploration at Kwanika Central and the nearby Transfer Target, while the hard dollar offering will be used for general corporate purposes [3][4] Strategic Plans - The company is focusing on higher-grade zones within its mineral resources at Kwanika, aiming to enhance recovery rates, particularly for gold, and plans to execute exploration drilling and metallurgical test work [2] - A 5,135-meter drill program is planned to confirm and expand the higher-grade target model, with the goal of informing an updated mineral resource estimate [2] - An updated Preliminary Economic Assessment is expected to be delivered in the first half of 2026 [2] Regulatory and Compliance - The upsized offerings are subject to regulatory approvals, including those from the TSX Venture Exchange [4] - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [5][6] Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [10] - The company is positioned to benefit from a strengthening global copper and gold market, emphasizing responsible mineral exploration in collaboration with First Nations [10]