Mineral Exploration Financing
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IDEX Metals Announces Closing of Non-Brokered Private Placement of Units
Thenewswire· 2025-10-24 20:05
Vancouver, B.C. – October 24, 2025 – TheNewswire - IDEX Metals Corp. ("IDEX" or the "Company") (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce the closing of its non-brokered private placement offering (the “Offering”), as previously disclosed in the Company’s news releases dated October 15, 2025 and October 22, 2025. In connection with the Offering, the Company issued 8,867,099 units (the “Units”) at a price of $0.60 per Unit, generating aggregate gross proceeds of approximately $5,320,259.Clayton Fishe ...
Canstar Financing Surpasses $1M in Orders on First Day, Transitions to New Web Domain/Email Addresses to Resolve Legacy Domain Issues
Newsfile· 2025-09-24 18:24
Core Points - Canstar Resources Inc. has successfully received over $1 million in orders on the first day of its $2 million non-brokered private placement, indicating strong investor confidence in the company's projects and strategy [2][3] - The company has transitioned to a new corporate website and email addresses to resolve issues with its legacy domain [4][5] Financing Update - The $2 million Offering was announced on September 23, 2025, and has garnered significant interest from investors, with firm orders exceeding $1 million for the hard-dollar portion [2] - Canstar is prepared to allocate the full $2 million Offering to hard-dollar units, with flow-through allocations considered on a case-by-case basis [3] Corporate Website and Contact Information - Canstar has established a new corporate domain, www.canstarmining.com, as its official website due to technical issues with the previous domain [4] - Updated contact information for key personnel has been provided to ensure effective communication during the financing process [5] Offering Terms - The Offering aims to raise up to $2 million in gross proceeds, with all securities subject to a statutory hold period of four months and one day from the closing date [6][8] - Insiders of the company may participate in the Offering, which would be considered a related party transaction under Canadian regulations [9] Additional Offering Details - The Offering is subject to acceptance by the TSX Venture Exchange and other regulatory approvals [8] - NFT Units are priced at $0.065, consisting of one common share and one transferable warrant, while FT Units are priced at $0.085, consisting of one flow-through common share and one-half of one warrant [17]
CEO.CA's Inside the Boardroom: Dryden Gold - C$7.8M Raise Powers Drill Blitz After 24 g/t Hits
Newsfile· 2025-09-02 15:55
Core Insights - Dryden Gold Corp. has successfully raised C$7.8 million to support its ongoing drilling program following significant exploration results, including a notable hit of 24 grams per tonne (g/t) [5]. Company Overview - Dryden Gold Corp. is listed on multiple exchanges, including TSXV (DRY), OTCQB (DRYGF), and FSE (X7W) [5]. - The company is focused on exploring and developing mineral resources, particularly in the Mud Lake area, where it is expanding its drilling efforts [5]. Financial Update - The recent financing of C$7.8 million will be utilized to enhance the drilling program, which aims to explore mineralization in a critical 500-meter gap between major systems [5]. Exploration Strategy - The company plans to extend its drilling operations 2 kilometers at Mud Lake, targeting hanging wall structures to identify additional mineralization [5]. - The exploration strategy is designed to increase the total ounces of mineral resources by effectively testing the identified gaps [5].
Lion Rock Resources Arranges $3M Financing
Newsfile· 2025-08-26 11:20
Core Viewpoint - Lion Rock Resources Inc. has announced a non-brokered private placement to raise up to $3,000,000 through the issuance of 15,000,000 units at a price of $0.20 per unit, which includes common shares and warrants [1][2]. Group 1: Offering Details - The offering consists of units priced at $0.20 each, with a total gross proceeds target of $3,000,000 [1]. - Each unit includes one common share and one non-transferable warrant, allowing the holder to purchase an additional common share at $0.30 for two years [1]. - An Acceleration Event will occur if the common shares trade at $0.40 or more for five consecutive trading days, leading to the potential early expiration of the warrants [1]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for property payments, exploration work on the Volney Project, and general working capital [2]. Group 3: Company Overview - Lion Rock Resources Inc. is focused on high-grade gold and lithium projects in North America, with its flagship asset being the Volney Project located in South Dakota [5]. - The company is led by a team with a strong track record in mineral discoveries, project development, and financing [5].