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King Copper Discovery Corp. Announces Closing of $15 Million Financing
Globenewswire· 2025-09-15 18:22
Group 1 - King Copper Discovery Corp has successfully closed a non-brokered private placement offering, raising approximately $15 million through the issuance of 65,217,390 common shares at a price of $0.23 per share [1][2] - The net proceeds from the financing will be allocated towards advancing exploration activities, specifically diamond drilling at the Colquemayo copper-gold project, as well as for general working capital [2] - A strategic investor has acquired approximately 9.99% ownership in King Copper and has been granted rights to participate in future equity financings and to nominate board members under certain conditions [3] Group 2 - Insiders, including a director and a corporate subscriber controlled by an officer, subscribed for a total of 300,000 shares, generating gross proceeds of $69,000, which qualifies as related party transactions [4] - The financing is subject to a statutory hold period of four months plus one day, expiring on January 16, 2026, and the company paid $111,141 to eligible finders in connection with the financing [5] - Eventus Capital Corp acted as an advisor to King Copper for this financing transaction [5]
Fury Announces Closing of Financing
Globenewswire· 2025-06-20 11:00
Core Viewpoint - Fury Gold Mines Limited has successfully closed a private placement and offering, raising a total of C$3,374,600 to advance its exploration programs in Quebec and Nunavut [1][2][3] Group 1: Offering Details - The company closed a private placement of 3,999,701 flow-through shares at C$0.77 per share, generating gross proceeds of C$3,079,800 [1] - Agnico Eagle Mines Limited acquired 440,000 common shares at C$0.67 per share, contributing an additional C$294,800 to the total proceeds [2] - The combined gross proceeds from both the offering and private placement amount to C$3,374,600 [2] Group 2: Use of Proceeds - Proceeds from the financing will be utilized to advance the Committee Bay exploration program and other exploration opportunities [2][3] - The company aims to drive potential discoveries across its mineral exploration portfolio with the raised funds [3] Group 3: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant position in Dolly Varden Silver Corp, holding approximately 14.5% of issued shares [5] - The company is led by a management team with a proven track record in financing and advancing exploration assets [5] - Fury is committed to high standards in corporate governance, environmental stewardship, community engagement, and sustainable mining practices [5]