Non - Flow - Through Units
Search documents
InZinc Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
TMX Newsfile· 2026-03-24 17:30
Core Viewpoint - InZinc Mining Ltd. is conducting a non-brokered private placement to raise up to $1,200,000 through the issuance of flow-through shares and non-flow-through units to fund exploration activities at its Indy project in British Columbia [1][2]. Group 1: Offering Details - The Offering includes common shares issued as flow-through shares at $0.08 each and non-flow-through units at $0.05 each [1]. - The total gross proceeds from the Offering are expected to be up to $1,200,000 [1]. - The Offering is subject to regulatory approvals and will have a hold period of four months and one day under applicable securities laws [7]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be allocated to a planned diamond drilling program at the Indy project, targeting new Sedex discoveries primarily focused on zinc, lead, silver, and potentially gallium [2]. - The Company plans to incur qualifying expenditures related to the Indy project by December 31, 2027, and will renounce these expenditures to investors by December 31, 2026 [5]. Group 3: Drilling Program Insights - The 2025 drilling program at the Indy project discovered the B-9 Apex Zone, with a high-grade intersection of 20.1% Zn, 1.7% Pb, and 9.5 g/t Ag over 3.2 m [3]. - The program extended the B-9 Zone trend by 125% to a total of 1,000 m, with additional untested geophysical and geochemical anomalies extending for at least 1,200 m along strike, indicating strong potential for further discoveries [3]. Group 4: Unit Structure - Each unit in the Offering consists of one non-flow-through common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at an exercise price of $0.10 until 24 months from the closing date [6]. Group 5: Company Overview - InZinc Mining Ltd. is advancing exploration at its wholly owned Indy project, which covers 200 square km and is strategically located with access to infrastructure [11]. - The Company has significant drill results from the B-9 Apex Zone and has a partnership with South32 Limited, which has staked adjacent claims [11].
Sego Resources Completes $625,800 Financing
Newsfile· 2025-11-05 14:00
Core Viewpoint - Sego Resources Inc. has received conditional approval from the TSX Venture Exchange for the closing of the final tranche of its financing, which will raise a total of $625,800 for exploration and working capital purposes [1][3]. Financing Details - The final tranche will consist of 7,200,000 Flow-Through Units priced at $0.025 per unit, generating gross proceeds of $180,000, and 11,990,000 Non-Flow-Through Units priced at $0.02 per unit, generating gross proceeds of $239,800 [1][2]. - The total gross proceeds from the financing, including the first tranche completed on August 7, 2025, amount to $625,800 [3]. Use of Proceeds - Proceeds from the financing will be allocated to exploration at the Miner Mountain Project and for general working capital [4]. - Exploration expenditures are expected to exceed $200,000, and funds raised will qualify for a BC Mining Exploration Tax Credit of 30% [4]. Insider Participation - Insiders subscribed for 5,440,000 units, with significant subscriptions from Paul McGroary and Elliot Strashin, classifying the private placement as a related-party transaction [6]. Finder's Fees - Finder's fees for the private placement amounted to $15,750 in cash and included broker warrants, with a total of 87,500 three-year broker warrants and 280,000 two-year broker warrants, all subject to a hold period ending on March 5, 2026 [5].