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AuMEGA Metals Announces Brokered LIFE Offering of up to C$10 million
TMX Newsfile· 2026-02-12 16:22
Core Viewpoint - AuMEGA Metals Ltd. has announced a best efforts private placement to raise up to C$10,000,000 through the issuance of flow-through shares, charity flow-through shares, and common shares, aimed at advancing its exploration projects in Newfoundland, Canada [1][2][3]. Group 1: Offering Details - The Company plans to issue up to 42,553,191 flow-through shares at C$0.0470 each, 55,147,059 charity flow-through shares at C$0.0544 each, and 125,000,000 common shares at C$0.040 each [1]. - The gross proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the Company's projects, with a deadline for renouncing these expenditures set for December 31, 2026 [2]. - The net proceeds from the sale of common shares will be allocated for general and administrative expenses and unallocated working capital [3]. Group 2: Use of Proceeds - Proceeds from the LIFE Offering will primarily support the Company's exploration program in Newfoundland and Labrador, including a drill program of up to 15,000 metres targeting high-priority areas identified in the 2025 exploration program [8]. - The exploration efforts will focus on the Cape Ray District, specifically at Isle aux Morts Granite and Bunker Hill, with the aim of advancing both new and existing targets [8][10]. Group 3: Geological Insights - Early results from the Isle aux Morts Granite suggest a potentially fertile intrusive-related gold system, comparable to significant discoveries in the Yukon, with existing resources of 6.2 million tonnes grading an average of 2.25 g/t gold [11][17]. - At Bunker Hill, the 2025 field program has identified multiple gold and base metal corridors with promising geophysical signatures, adjacent to Equinox Gold's Valentine Gold Mine [12]. Group 4: Company Positioning - AuMEGA Metals is positioned as a key player in a new Canadian gold district, holding the largest land position along the Cape Ray-Valentine Shear Zone, which hosts significant gold deposits [13][15]. - The Company benefits from a strong institutional shareholder base and strategic investment from B2Gold, enhancing its potential for significant discoveries [16].
Copper Road Announces Closing of First Tranche of Financing
Globenewswire· 2025-12-24 17:27
Core Viewpoint - Copper Road Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $545,260 through the sale of flow-through units and hard-dollar units [1][3]. Group 1: Offering Details - The first tranche consists of 9,952,447 flow-through units priced at $0.045 each and 2,435,000 hard-dollar units priced at $0.04 each [1]. - Each unit includes one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.05 within 18 months [2]. - The gross proceeds from the flow-through units will be allocated to eligible Canadian exploration expenses, specifically for the Ben Nevis Project and other Ontario properties [3]. Group 2: Related Party Transactions - An officer of the company subscribed for 222,222 flow-through units, which is classified as a related party transaction [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements due to the participation's fair market value being under 25% of the company's market capitalization [4]. Group 3: Regulatory and Financial Aspects - The completion of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [5]. - A cash commission of $40,120 will be paid to eligible finders, along with the issuance of 762,862 finder warrants, each exercisable at $0.05 for 18 months [5]. - The securities issued will be subject to a statutory hold period of four months and one day from the issuance date [5]. Group 4: Future Expectations - The second tranche of the offering is anticipated to close around December 30, 2025 [7].
Canterra Minerals Announces Increase to Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-19 22:05
Core Viewpoint - Canterra Minerals Corporation has announced an increase in its non-brokered flow-through private placement, aiming for total gross proceeds of up to C$5.7 million to support exploration activities in Newfoundland [1]. Group 1: Private Placement Details - The Upsized Private Placement will offer up to 10,940,000 Critical Minerals flow-through shares at a price of $0.25 per share, generating gross proceeds of up to C$2,735,000 [2]. - Additionally, up to 12,891,304 National flow-through shares will be offered at a price of $0.23 per share, with expected gross proceeds of up to C$2,965,000 [3]. - The total gross proceeds from both share offerings will be utilized 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 Upsized 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: Closing and Regulatory Information - The Upsized Private Placement is anticipated to close on December 23, 2025, subject to necessary approvals, including that of 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 located near historically significant mining sites [9]. - The Company’s gold projects are strategically positioned along a structural corridor that hosts mineralization related to Equinox Gold's Valentine mine [10].
TomaGold Announces Closing of the Final Tranche of Its Private Placement
Businesswire· 2025-12-17 22:39
Core Points - TomaGold Corporation has successfully closed the second and final tranche of its non-brokered private placement, raising total proceeds of $1,007,000, bringing the aggregate proceeds to $2,112,000 [1][2] Group 1: Private Placement Details - The Final Tranche involved the issuance of 11,690,000 oversubscribed common shares at $0.05 per share and 10,562,500 units at $0.04 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [2] - Each warrant allows the holder to purchase an additional share at $0.08 for a period of 24 months from issuance [2] - TomaGold paid cash finder's fees of $25,305 and issued 520,130 finder's compensation warrants, each entitling the holder to purchase one share at $0.08 for 24 months [3] Group 2: Use of Proceeds - The net proceeds from the sale of the units will be used for general and corporate working capital purposes, with no specific use exceeding 10% of the gross proceeds [4] - The gross proceeds from the sale of the flow-through shares will be allocated to eligible Canadian exploration expenses related to critical mineral mining [4] Group 3: Company Overview - TomaGold Corp. is a Canadian junior mining company focused on acquiring, exploring, and developing precious and base metal projects, primarily in Quebec and Ontario [6] - The company's core assets include the Obalski gold-copper-silver project and options to acquire 12 additional properties, including the Berrigan Mine and others [6] - TomaGold also holds a 24.5% joint venture interest in the Baird gold property and has lithium and rare earth element projects in the James Bay region [6]
Scottie Announces $23.5 Million Non-Brokered Financing
Newsfile· 2025-11-17 12:30
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to announce a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares of the Company ("Charity FT Shares") at a price of $2.14 per Charity FT Share for gross proceeds of up to $23,500,000 (the "Offering"). Each Charity FT Share will qualify as a "flow-through share", within the meaning of subsection 66( ...
Sokoman Minerals Closes $26 Million "Bought Deal" Private Placement, including Full Exercise of Over-Allotment
Newsfile· 2025-10-31 13:46
Core Points - Sokoman Minerals Corp. has successfully closed a bought deal private placement offering, raising gross proceeds of $26,221,750 [1][2] - The offering included the sale of 53,000,000 common shares and 60,950,000 flow-through shares, with the latter qualifying as "flow-through mining expenditures" under the Tax Act [8] - The proceeds will be allocated for property acquisitions, working capital, and general corporate purposes, with specific expenditures to be incurred by December 31, 2026 [2] Offering Details - The offering was led by Canaccord Genuity Corp. and BMO Capital Markets, with a cash commission of $1,073,305 paid to the underwriters and 3,679,105 broker warrants issued [3] - A director of the company participated in the offering, acquiring 130,000 common shares, which is classified as a related party transaction but is exempt from certain formal requirements [4] - The common shares and flow-through shares are subject to a four-month hold period under Canadian securities laws and are pending final approval from the TSX Venture Exchange [5] Financial Breakdown - The common shares were sold at a price of $0.19 per share, generating gross proceeds of $10,070,000, while the flow-through shares were sold at $0.265 per share, generating gross proceeds of $16,151,750 [8]
Fury Announces Up to C$12 Million Brokered Financing
Globenewswire· 2025-09-22 11:19
Core Viewpoint - Fury Gold Mines Limited has announced an agreement with Haywood Securities Inc. to sell Charity FT Units and Traditional FT Shares, aiming to raise up to C$12,000,000 for exploration expenses [1][6]. Group 1: Offering Details - The Offering includes Charity FT Units priced at C$1.21 and Traditional FT Shares priced at C$1.00 [1]. - Each Charity FT Unit consists of one Charity FT Share and one-half of a Warrant, with the Warrant allowing the purchase of one Share at C$1.20 for 24 months [2]. - An over-allotment option allows the Agents to sell an additional 15% of the total units and shares issued in the Offering [3]. Group 2: Regulatory and Financial Information - The Offering will utilize the LIFE Exemption under Canadian securities laws, allowing for no resale restrictions [4]. - Proceeds will be allocated to "Canadian exploration expenses" qualifying as "flow-through mining expenditures" by December 31, 2026 [6]. - The Offering is expected to close around October 10, 2025, pending necessary approvals [7]. Group 3: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant shareholding in Dolly Varden Silver Corp [9]. - The company aims to expand its gold platform through rigorous project evaluation and exploration [9].
1911 Gold Announces Upsize of Previously Announced “Best Efforts” Life Offering and Private Placement to C$17 Million
Globenewswire· 2025-09-19 20:02
Core Viewpoint - 1911 Gold Corporation has announced an upsized private placement offering totaling C$17 million, amending its previous agreement with Haywood Securities and Velocity Capital Partners [1][11]. Offering Details - The upsized offering includes the sale of up to 3,184,000 common shares qualifying as "flow-through shares" at a price of C$0.64 per share, and 14,802,000 common shares qualifying as "accelerated Canadian development expenses" at a price of C$0.554 per share, aiming for gross proceeds of up to C$10,238,068 from the LIFE Offering [2]. - Additionally, the offering includes up to 6,889,000 common shares at C$0.45 per share and 5,655,000 common shares qualifying as "flow-through shares" at the same price of C$0.64, targeting gross proceeds of up to C$6,719,250 from the PP Offering, leading to total gross proceeds of up to C$16,957,318 from the Marketed Offering [3]. Agents' Option - The agents have been granted an option to sell an additional 15% of the Marketed Offering in CEE Offered Shares at the CEE Issue Price, exercisable up to 48 hours before the closing date [4]. Use of Proceeds - Proceeds from the sale of CEE Offered Shares will be used for qualifying expenditures as defined in the Tax Act, with a commitment to renounce these expenditures to purchasers by December 31, 2025 [6]. - Proceeds from the sale of CDE Offered Shares will similarly be used for "accelerated Canadian development expenses," with a renouncement commitment by December 31, 2026 [7]. - Net proceeds from the Non-FT Shares will be allocated for general corporate and working capital purposes [8]. Regulatory Compliance - The offering will comply with various exemptions under Canadian securities laws, including the "accredited investor" and "minimum amount investment" exemptions [5]. - The CEE LIFE Shares and CDE Offered Shares will not have resale restrictions, while Non-FT Shares and CEE PP Shares will be subject to a hold period of four months and one day from the closing date [9]. Closing Timeline - The upsized offering is expected to close around October 15, 2025, pending necessary approvals from the TSX Venture Exchange and applicable regulatory authorities [11]. Compensation to Agents - The company will pay the agents a cash commission of 6.0% of the gross proceeds from the upsized offering, with potential reductions for certain purchases, along with non-transferable compensation options [12]. Company Overview - 1911 Gold Corporation is a junior developer with a consolidated land package exceeding 61,647 hectares in Manitoba, Canada, and owns the True North mine and mill complex [14]. - The company is focused on advancing organic growth and pursuing acquisition opportunities across North America [15].
Gladiator Metals Expands Upsized Bought Deal Private Placement to Quebec
Newsfile· 2025-08-19 23:53
Core Viewpoint - Gladiator Metals Corp. is expanding its previously announced upsized private placement to include investors in Quebec, aiming for total gross proceeds of $22,500,052 through the issuance of common shares [1][2]. Group 1: Offering Details - The Offering consists of 10,563,400 flow-through shares priced at $1.42 each, generating gross proceeds of $15,000,028, and 8,152,200 common shares priced at $0.92 each, generating gross proceeds of $7,500,024 [1]. - The Offering is being conducted on a "bought deal" basis, with Cormark Securities Inc. as the lead underwriter [2]. Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the Company's projects in the Yukon Territory [3]. - The net proceeds from the common shares will be allocated for working capital and general corporate purposes [3]. Group 3: Regulatory and Closing Information - The Offering is expected to close around September 9, 2025, subject to regulatory approvals, including conditional approval from the TSX Venture Exchange [4]. - The shares will be offered to purchasers in all Provinces of Canada, including Quebec, under the Listed Issuer Financing Exemption, which allows for immediate sale without a hold period [5].
Azincourt Energy Corp. Closes Private Placement
Newsfile· 2025-08-11 23:00
Core Viewpoint - Azincourt Energy Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of C$813,949 through the issuance of non-flow-through and flow-through units [1][3]. Group 1: Offering Details - The second tranche included 1,100,000 non-flow-through units priced at C$0.015 each and 3,833,333 flow-through units also priced at C$0.015 each [1]. - Each non-flow-through unit consists of one common share and one common share purchase warrant, while each flow-through unit includes one flow-through common share and one common share purchase warrant [2]. - The warrants are exercisable at a price of C$0.05 until August 11, 2028 [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to drilling, exploration, and development of the Snegamook and Harrier Projects in Newfoundland and Labrador, as well as for general working capital [3]. - The funds raised from the flow-through shares will be used to incur eligible resource exploration expenses qualifying as Canadian exploration expenses and flow-through critical mineral mining expenditures [5]. Group 3: Insider Participation and Fees - An insider of the company participated in the offering, acquiring 500,000 flow-through units for a total of $7,500, which is classified as a related party transaction [6]. - The company paid finders' fees totaling C$2,200 and issued 146,667 finders' warrants, which are also exercisable at C$0.05 for three years from the date of issue [4]. Group 4: Company Overview - Azincourt Energy Corp. is a Canadian resource company focused on the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [8].