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Red Metal Resources Announces Upsized Financing
TMX Newsfile· 2026-01-19 14:00
Core Viewpoint - Red Metal Resources Ltd. has increased its non-brokered private placement from C$750,000 to up to C$1,000,000 due to strong investor interest, intending to issue up to 16,666,667 units at a price of C$0.06 per unit for total gross proceeds of up to C$1,000,000 [1][3]. Group 1: Offering Details - Each unit will consist of one common share and one common share purchase warrant, with warrants exercisable at different prices over specified periods: C$0.09 for the first 12 months, C$0.12 for 12 to 24 months, and C$0.15 for 24 to 36 months [2][7]. - The company may pay finders' fees in connection with the offering, subject to regulatory and exchange approval [2]. Group 2: Use of Proceeds - The proceeds from the offering will be used to fund general working capital requirements and advance exploration on Carrizal, the company's flagship copper project in Chile [3][4]. Group 3: Company Background - Red Metal Resources is focused on mineral exploration, particularly in clean energy and strategic minerals, with a portfolio that includes the 100% owned Ville Marie claims in Quebec and projects in Chile's Candelaria IOCG belt [5].
Silver Spruce Resources Inc. Announces Closing of $976,000 Non-Brokered Private Placement
Accessnewswire· 2026-01-16 21:55
Core Viewpoint - Silver Spruce Resources Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $976,000 for its mineral exploration projects and general working capital [1][4]. Group 1: Offering Details - The Corporation issued a total of 976,000 units at an issue price of $0.10 per unit, with each unit consisting of one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.15 for a period of three years from the closing date of the offering [2]. - The common shares and warrants are subject to a statutory hold period expiring on May 17, 2026 [2]. Group 2: Finder Fees and Warrants - In connection with the offering, the Corporation paid $22,440 in finder fees and issued 224,400 finder warrants to eligible finders [3]. - Each finder warrant entitles the finder to purchase one common share at $0.15 for three years following the offering's closing [3]. - The finder warrants are also subject to a statutory hold period expiring on May 17, 2026 [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Corporation's mineral projects and for general working capital purposes [4]. Group 4: Company Overview - Silver Spruce Resources Inc. is a Canadian junior exploration company with a diversified exploration portfolio, including several mineral projects [6]. - The company continues to explore opportunities identified by management or presented for consideration [6]. Group 5: Mineral Projects - The Corporation's projects include the Jackie Au-Ag Project, an early-stage epithermal project in Mexico; the Pino de Plata Ag Project, a high-grade silver property also in Mexico; and the Melchett Lake VMS Zn-Ag-Au-Cu Project in Ontario [9].
Laurion Announces Closing Of Private Placement Of Flow-Through Units
Thenewswire· 2025-12-22 22:00
Core Viewpoint - LAURION Mineral Exploration Inc. has successfully closed a non-brokered private placement, raising a total of $1,524,313 through the issuance of flow-through units to fund its exploration activities on the Ishkõday property [1][3]. Group 1: Private Placement Details - The private placement involved the issuance of 4,619,130 flow-through units at a price of $0.33 per unit, resulting in gross proceeds of $1,524,313 [1][2]. - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one non flow-through common share at $0.39 for 24 months [2]. - The proceeds will be allocated to Canadian exploration expenses, qualifying as flow-through mining expenditures, to support the 2026 drill program on the Ishkõday property [3]. Group 2: Exploration Focus - The drilling program will target key areas within the A-Zone/McLeod and CRK Trend, as well as the historic Sturgeon River Mine area, based on structural characteristics and past drill results [3]. - The company aims to advance its understanding of the broader mineralized system through this exploration [3]. Group 3: Company Overview - LAURION is a mid-stage junior mineral exploration and development company, focusing on its flagship 57 km² Ishkõday Project, which features gold-rich polymetallic mineralization [6][7]. - The company has 278,716,413 outstanding shares, with approximately 73.6% owned by insiders eligible under "Friends and Family" categories [6]. - Maximizing shareholder value remains a priority, with the company positioned as a potential acquisition target due to its advancements in mineral exploration [8].
Northern Lights Resources Announces Closing of Upsized Non-Brokered Private Placement
Thenewswire· 2025-12-17 22:10
Core Viewpoint - Northern Lights Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of C$400,000 due to strong investor demand [1][4]. Group 1: Offering Details - The Offering consisted of units priced at $0.10 each, with each unit comprising one common share and one common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional common share at $0.10 for a period of 36 months from issuance [2]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to advance exploration activities on the Company's mineral properties and for general corporate purposes [3]. Group 3: Company Insights - The CEO of Northern Lights highlighted the strong demand for the financing as a reflection of the company's work and the potential of its exploration portfolio, expressing gratitude for the support from shareholders [4]. - Northern Lights Resources is focused on three key projects: the Horetzky Copper Project, the Pup Copper Project, and the Secret Pass Gold Project, along with holding a 1% NSR royalty on the Medicine Springs Silver Project [9].
Metal Energy Closes $9.25 Million Financing with Centerra Gold and Teck
TMX Newsfile· 2025-12-17 11:00
Core Viewpoint - Metal Energy Corp. has successfully closed a financing round, raising approximately C$9.25 million, which will support its exploration activities in British Columbia's Toodoggone District [1][7]. Financing Details - The financing consisted of 8,884,000 common shares issued on a premium flow-through basis at C$0.729 per share and 6,200,000 common shares at C$0.45 per share, with no warrants or finders' fees involved [3]. - The gross proceeds from the flow-through shares will be allocated to eligible resource exploration expenses in Canada, with a commitment to incur qualifying expenditures by December 31, 2026 [6]. Strategic Partnerships - Centerra Gold Inc. and Teck Resources Limited have become strategic shareholders, each holding approximately 9.9% of Metal Energy's issued common shares, which is expected to enhance market attention towards the company [4][2]. - Investor rights agreements have been established with Centerra and Teck, granting them participation and top-up rights to maintain their ownership as long as it exceeds 5% [5]. Project Development - The net proceeds from the offering will fund Metal Energy's 2026 maiden drill program at the NIV copper-gold-molybdenum project, which is fully permitted and has well-defined, drill-ready targets [7][10]. - The NIV project is highlighted as a rare opportunity where geological, geochemical, and geophysical data align, making it one of the most prospective targets in British Columbia [2].
Bolt Metals Closes First Tranche of LIFE Offering
Thenewswire· 2025-11-19 23:35
Core Points - Bolt Metals Corp. successfully closed the first tranche of its non-brokered LIFE Offering, raising total gross proceeds of $430,000 [1][2] - The offering consisted of 2,150,000 units priced at $0.20 each, with each unit including one common share and one common share purchase warrant [2] - The warrants allow holders to acquire common shares at $0.40 each for a period of 24 months, exercisable 60 days after the closing date [2] - The net proceeds from the LIFE Offering will be used for general working capital and corporate purposes [3] - The company paid cash finder's fees of $19,800 and issued 94,500 broker warrants to Research Capital Corporation for services related to the offering [4] Company Overview - Bolt Metals Corp. is focused on the acquisition and exploration of mineral properties, particularly in precious and base metals, with an emphasis on drill-ready projects that have high upside potential [5]
Colibri Announces Closing of Second Tranche of Its Over-subscribed Non-Brokered Offering
Newsfile· 2025-11-07 12:05
Core Points - Colibri Resource Corporation has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $140,980 [1][2] - The total gross proceeds from both tranches amount to $1,491,702, with funds allocated for exploration at its Mexican gold projects and general working capital [3] Offering Details - In Tranche 2, Colibri issued 939,867 units at a price of $0.15 per unit, each unit consisting of one common share and one warrant [2] - Each warrant allows the holder to purchase an additional common share at C$0.25 for a period of 24 months [2] - No finder's fees or commissions were paid for Tranche 2 [2] Company Overview - Colibri Resource Corporation is a Canadian mineral exploration company focused on gold and silver properties in Mexico [5] - The company holds four significant projects, including 100% ownership of the EP Gold Project and a 49% stake in the Pilar Gold & Silver Project [5] - Colibri aims to advance its portfolio through systematic exploration in one of Mexico's most prolific mining regions [5]
Westward Gold Announces Closing of Non-Brokered Private Placement Financing with Participation from Strategic Investors Crescat Capital LLC and Concept Capital Management
Thenewswire· 2025-10-08 20:00
Core Viewpoint - Westward Gold Inc. has successfully closed a non-brokered private placement, raising approximately C$5,000,000 through the issuance of 45,454,544 units at C$0.11 per unit, which includes common shares and warrants [1][2]. Group 1: Offering Details - The Offering consists of 45,454,544 units, each unit comprising one common share and one warrant, with warrants priced at C$0.15 for a period of 24 months [1]. - The net proceeds from the Offering will primarily fund an expanded drilling program at the Toiyabe Hills Property in Nevada and for general working capital [3]. - The Offering included participation from strategic shareholders, with Concept Capital Management Ltd. acquiring 22,727,272 units for approximately C$2,500,000, representing a 9.9% ownership interest post-offering [2]. Group 2: Insider Participation - Certain insiders acquired a total of 10,195,455 units for gross proceeds of approximately C$1,121,500, which includes a significant investment from Crescat Capital [4]. - The insider participation was classified as a "related party transaction" but was exempt from formal valuation and minority shareholder approval requirements due to the size of the investment relative to the company's market capitalization [4]. Group 3: Drilling Program Insights - The company has reported that its first drill program at the Campfire Target Complex has exceeded expectations, achieving considerable depths at costs under budget [3]. - Observations from drilling indicate significant Carlin-style alteration, suggesting a robust hydrothermal system in the target area [3].
Pacific Empire Announces Oversubscription of Private Placement and CFO Appointment
Newsfile· 2025-09-17 20:18
Corporate Developments - Pacific Empire Minerals Corp. has announced an oversubscription of its non-brokered private placement, increasing the offering from C$1,125,000 to up to C$1,525,000 due to strong investor demand [1][2] - The offering will consist of 23,000,000 Hard Dollar Units priced at C$0.035 per Unit and 18,000,000 Flow-Through Units priced at C$0.04 per Unit [2] Use of Proceeds - Funds raised will be allocated to the 2025 diamond drill program at the Trident copper-gold-silver porphyry project and for general working capital [3] Management Changes - Leon Ho has been appointed as the new Chief Financial Officer, replacing Doug Reed, who has been thanked for his service [4][5] Company Vision and Market Position - The President & CEO expressed optimism regarding the drill program, highlighting it as a significant test in the project's history and reflecting growing investor support [6] - Pacific Empire is positioned in a "Green" copper jurisdiction in British Columbia, with a land position totaling 22,541 hectares [8]
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]