Flow-through mining expenditures
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Golcap Resources Announces Private Placement of up to $427,500 of Flow Through Shares
Newsfile· 2025-11-20 19:37
Core Points - Golcap Resources Corp. announced a non-brokered private placement of up to 1,500,000 flow-through common shares at a price of $0.285 per share, aiming for gross proceeds of up to $427,500 [1][2] Group 1 - The gross proceeds from the offering will be utilized to incur eligible Canadian exploration expenses related to the company's mining projects in Quebec [2] - Finder's fees may be applicable in accordance with Canadian Securities Exchange policies, and all securities issued will be subject to a four-month-and-one-day statutory hold period [3] - The completion of the offering is subject to required regulatory approvals [3]
Canstar Announces Non-Brokered Private Placement
Newsfile· 2025-09-23 11:25
Core Viewpoint - Canstar Resources Inc. is initiating a non-brokered private placement to raise up to $2,000,000 through the issuance of flow-through units and non-flow-through units [1] Offering Details - The Offering will consist of NFT Units priced at $0.065, each comprising one common share and one transferable warrant, allowing the purchase of an additional common share at $0.10 for 36 months [2] - FT Units will be priced at $0.085, consisting of one flow-through common share and half a warrant, with two halves equating to one whole warrant, allowing the purchase of an additional common share at $0.10 for 12 months [3] - The Offering is subject to TSX Venture Exchange approval and will have a statutory hold period of four months and one day from the closing date [8] Use of Proceeds - Proceeds from FT Shares will be allocated to Canadian exploration expenses on the Company's Newfoundland properties, qualifying as flow-through mining expenditures [6] - Proceeds from NFT Units and any exercised Warrants will be used for general corporate purposes, including exploration at the Buchans, Mary March, and Golden Baie projects [7] Capital Strategy Context - Canstar has focused on capital efficiency and minimizing shareholder dilution, previously raising approximately $850,000 through a hybrid private placement in January 2024 [4] - In May 2025, the Company received $500,000 as an initial payment for an $11.5 million non-dilutive exploration joint venture with VMS Mining Corporation [5] - In September 2025, Canstar reported $1,092,500 in early warrant exercise proceeds, with a significant portion of warrants from the January 2024 financing exercised [5] Company Overview - Canstar Resources Inc. is focused on critical minerals and gold exploration in Newfoundland, with significant projects including the Golden Baie Project and the Buchans and Mary March projects [11]
Hi-View Announces Closing Of First Tranche Of Non-Brokered Flow Through Private Placement
Thenewswire· 2025-08-01 21:20
Core Points - Hi-View Resources Inc. has completed the first tranche of a non-brokered flow-through private placement, raising gross proceeds of $361,670.93 by issuing 3,444,485 flow-through units at a price of $0.105 per unit [1][2] - Each flow-through unit consists of one flow-through share and one half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$0.30 until August 1, 2028 [2] - The proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the company's projects in Canada [2] Company Participation - A director and officer of the company acquired a total of 952,524 units in the private placement, which is classified as a related party transaction [3] - The company is relying on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3] Financial Details - Finder's fees of $710.01 in cash and 20,955 broker warrants were paid to eligible finders, with each broker warrant allowing the purchase of one additional common share at a price of $0.30 until August 1, 2028 [4] - All securities issued in the private placement are subject to a hold period of four months and one day, expiring on December 2, 2025 [5] Future Plans - The company is preparing for a second tranche of the private placement, available to certain subscribers under B.C. Instrument 45-536 [6] - The company confirms that there are no undisclosed material facts or changes regarding its operations [6] Company Overview - Hi-View Resources Inc. is focused on mineral exploration for gold, silver, and copper in the Toodoggone region of northern British Columbia, with properties covering 9,749 hectares [9] - The Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling has shown significant gold grades [9] - Recent sampling in 2024 yielded up to 111.5 g/t gold and 2,740 g/t silver, indicating substantial exploration potential [9]