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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
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV:CTM) (OTCQB:CTMCF) (FSE:DXZB) (“Canterra” or the “Company”) is pleased to announce an increase to the size of its non-brokered flow-through private placement, previously announced on December 4, 2025, consisting of Critical Minerals flow-through shares and National flow-through shares for increased total gross proceeds of up ...
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].
Azincourt Energy Corp. Announces Increase to Private Placement
Newsfile· 2025-07-23 11:00
Core Viewpoint - Azincourt Energy Corp. has announced an increase in its non-brokered private placement, aiming to raise up to $950,000 through the offering of flow-through and non-flow-through units priced at $0.015 each [1][2]. Group 1: Offering Details - The offering consists of flow-through units (FT Units) and non-flow-through units (NFT Units), with each FT Unit comprising one flow-through common share and one common share purchase warrant, while each NFT Unit consists of one common share and one warrant [2]. - Each warrant will be exercisable at a price of $0.05 for a period of 36 months from the date of issue [2]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated to the drilling, exploration, and development of the Snegamook and Harrier Projects in Newfoundland and Labrador, Canada, as well as for general working capital [3]. - Proceeds will not be used for payments to non-arms length parties or for investor relations activities [3]. Group 3: Tax Implications - The FT Shares will qualify as "flow-through shares" under the Income Tax Act (Canada), with proceeds used to incur eligible resource exploration expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures [5]. - The company will incur qualifying expenditures equal to the gross proceeds raised from the issuance of FT Shares by December 31, 2026, and will renounce these expenditures to the initial purchasers by December 31, 2025 [5]. 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 [7]. - The company is currently active in its East Preston uranium project in Saskatchewan and the Snegamook and Harrier uranium projects in Labrador [7].