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Glenstar Minerals Inc. Announces Upsized $3 Million Private Placement Financing
Newsfile· 2025-08-20 23:12
Core Points - Glenstar Minerals Inc. has amended its private placement agreement to raise up to $3,060,000 by offering 4,500,000 units at a price of $0.68 per unit, each consisting of one common share and one warrant [1][2] - The additional funds will be utilized to enhance and expedite the drilling program at the Green Monster Property [2][6] - The offering includes an option for the agent to sell up to an additional 675,000 units for gross proceeds of up to $459,000 [2] - The price of the Compensation Options has been adjusted to $0.68 to align with the Offering Price [3] - The offering will be conducted under specific Canadian securities regulations and will not be registered under U.S. securities laws [4][8] - The net proceeds from the offering will be allocated for drilling, trenching, exploration activities, and general administrative expenses [6] - The closing of the offering is anticipated in August 2025, subject to customary conditions [7]
Silver One Resources Announces Private Placement Financing
Newsfile· 2025-08-18 21:00
Core Points - Silver One Resources Inc. announced a non-brokered private placement financing of 17,857,142 units at a price of $0.28 per unit, aiming for total proceeds of $5,000,000 [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of a common share at an exercise price of $0.40 for three years [2] - The net proceeds from the offering will be used for exploration and drilling on the company's mineral properties and for general working capital [3] Company Overview - Silver One is focused on the exploration and development of quality silver projects, owning a 100% interest in the Candelaria Mine in Nevada, which has potential for near-term production through reprocessing silver from historic leach pads [5] - The company also holds a 100% interest in the Cherokee project in Lincoln County, Nevada, which features multiple silver-copper-gold vein systems traced over 11 km [6] - Additionally, Silver One owns the Silver Phoenix Project, a high-grade native silver prospect recently permitted for drilling, located within the Arizona Silver Belt [6]
Lincoln Gold Announces Closing of Second Tranche of Private Placement Financing and Provides Corporate Update
Thenewswire· 2025-08-14 20:40
Core Points - Lincoln Gold Mining Inc. has closed the second tranche of its non-brokered private placement financing, raising gross proceeds of $11.25 million through the issuance of 75,000 units at a price of $0.15 per unit [1][2] - The proceeds from the second tranche will be used for general administrative expenses [3] - The company has decided to discontinue the balance of the private placement due to uncertainties regarding future management following shareholder requisitions [4] Financial Details - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.35 for 24 months [2] - All securities issued are subject to a hold period of four months and one day from the date of issuance [4] Corporate Update - In connection with the acquisition of the Bell Mountain Gold/Silver project, the company issued 3 million common shares and an additional 1.5 million shares were issued to satisfy final payment obligations [7][8] - On August 13, 2025, the company granted 1,885,000 stock options to directors, officers, and consultants, exercisable for five years at an exercise price of $0.215 per option [8] Company Overview - Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property [9]
Giga Metals Completes Second Tranche of Private Placement
Globenewswire· 2025-08-14 14:34
Core Points - Giga Metals Corp. has successfully closed the second tranche of its non-brokered private placement financing, following the first tranche closure on July 30, 2025 [1][2] - The second tranche raised gross proceeds of $188,000, consisting of 555,556 flow-through units at $0.09 each and 1,725,000 hard dollar units at $0.08 each [2] - The proceeds from the flow-through offering will be allocated to advance the Turnagain project and other potential Canadian properties, adhering to the definition of "flowthrough mining expenditures" under the Tax Act [4] Financial Details - The second tranche included 555,556 FT Units generating $50,000 and 1,725,000 HD Units generating $138,000 [2] - Each FT Unit comprises one flow-through common share and one warrant, while each HD Unit consists of one common share and one warrant, with warrants exercisable at $0.11 for three years [3] - Finder's fees for the offering amounted to $9,100 in cash and 108,889 finder's warrants, each exercisable at $0.08 for three years [5] Future Plans - A third tranche of the private placement is expected to close around August 20, 2025, pending necessary regulatory approvals [6] - The Turnagain Project, a core asset of Giga Metals, is noted for its significant undeveloped sulphide nickel and cobalt resources, with a Pre-Feasibility Study released in October 2023 [8]
K9 Gold Corp. Closes $400,000 Private Placement Financing
Newsfile· 2025-08-13 20:31
West Vancouver, British Columbia--(Newsfile Corp. - August 13, 2025) - K9 Gold Corp. (TSXV: KNC) (FSE: 5GP0) (OTCQB: WDFCF) ("K9" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") for total gross proceeds of $400,000.Under the Offering, the Company issued 4,000,000 units (the "Units") at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each ...
Emerita Announces Upsize to C$25M Brokered Private Placement Financing
GlobeNewswire News Room· 2025-08-13 19:31
Group 1 - Emerita Resources Corp. has increased the size of its previously announced private placement from $15,000,090 to up to $24,999,975 due to strong investor demand [1][2] - The Offering will consist of up to 23,809,500 units priced at $1.05 per unit, with each unit including one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to purchase one common share at an exercise price of $1.30 for 24 months following the Offering's completion [2] Group 2 - The net proceeds from the Offering will be utilized for exploration and development of the Company's Spanish mineral properties, as well as for general corporate and working capital purposes [3] - The Offering will be conducted under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a statutory hold period under Canadian securities laws [4] - The Offering is expected to close on or about August 26, 2025, pending necessary approvals including that of the TSX Venture Exchange [5] Group 3 - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and an administrative office in Toronto [8]
Acceleware Ltd. Announces Extension of Private Placement Financing
Globenewswire· 2025-08-12 23:12
Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement to September 1, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one warrant, with the warrant exercisable at $0.20 for 24 months [3]. Group 2: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview and Technology - Acceleware specializes in RF power-to-heat solutions aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its Clean Tech Inverter to enhance the efficiency of amine regeneration and has partnered with potash producers to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].
O2Gold Provides Update on Quebec Aur Transaction; Upsizes Private Placement Financing
Globenewswire· 2025-08-08 01:00
Acquisition Update - O2Gold Inc. is progressing with the acquisition of a gold mining exploration property in Quebec through the purchase of Quebec Aur Ltd. [1][3] - The acquisition is part of a share exchange agreement dated April 15, 2024, and amended on November 14, 2024 [1][3]. Financing Details - The company has increased the hard dollar portion of its non-brokered private placement financing from 14 million units to 18 million units [2]. - Each unit consists of one common share and one common share purchase warrant, with an aggregate gross proceeds of $1.7 million expected from the offering [2]. - The proceeds will be used for general corporate purposes and to fund phase one exploration expenses on a 9,000 hectare claim package related to the acquisition [2]. Timeline and Conditions - The acquisition and offering are expected to close in late 2025, pending the satisfaction or waiver of certain conditions [3]. - Further details regarding the acquisition can be found in previous press releases and the management information circular sent to shareholders [3].
Greenland Resources Announces Closing of Private Placement Financing for Aggregate of $10 Million
Globenewswire· 2025-08-05 21:31
Company Overview - Greenland Resources Inc. is a Canadian public company focused on developing its 100% owned Climax type primary molybdenum deposit located in central east Greenland [5] - The Malmbjerg project is an open pit operation designed with an environmentally friendly approach, emphasizing reduced water usage and low ecological disturbance [5] - The project has a Definitive Feasibility Study completed in 2022, indicating a capital expenditure (capex) of US$820 million and a levered after-tax internal rate of return (IRR) of 33.8% with a payback period of 2.4 years at a molybdenum price of US$18 per pound [5] Financial Activities - The company has successfully closed a non-brokered private placement of 6,666,667 units at a price of C$1.50 per unit, raising gross proceeds of C$10,000,000.50 [1][2] - Each unit consists of one common share and one warrant, with each warrant exercisable at C$2.00 for a period of 24 months [2] - The proceeds from the offering will be used for detailed engineering studies, magnesium metallurgical studies for the Malmbjerg Project, capital expenditures, offtaking negotiations, and general corporate purposes [2] Project Details - The Malmbjerg project has Proven and Probable Reserves of 245 million tonnes at a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [5] - The average annual production for the first ten years is projected to be 32.8 million pounds of contained molybdenum, which represents approximately 25% of the EU's total yearly consumption and meets 100% of the EU's defense needs [5] - The project also aims to extract magnesium from saline water, utilizing innovative technologies, and incorporates magnesium into the feasibility study's economics [5] Regulatory and Compliance - The company has filed an amended and restated offering document on its SEDAR+ profile in compliance with the Listed Issuer Financing Exemption [3] - The securities from the offering have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with applicable regulations [4][11]
Lincoln Gold Announces Intention to Close Second Tranche of Private Placement Financing
Thenewswire· 2025-08-01 21:20
Core Points - Lincoln Gold Mining Inc. plans to close a second tranche of its non-brokered private placement financing on August 11, 2025, aiming to raise gross proceeds of up to $1,014,400 through the issuance of 6,762,666 units at a price of $0.15 per unit [1][2][3] Group 1: Financing Details - Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at a price of $0.35 for 24 months [2] - The proceeds from the second tranche will be used for general administrative expenses and to advance the Bell Mountain Project towards production, as well as to complete production permitting at the Pine Grove Project [3] Group 2: Regulatory and Compliance Information - All securities issued under the second tranche will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws [3] - The second tranche remains subject to final approval from the TSX Venture Exchange [5] Group 3: Company Overview - Lincoln Gold is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property, both located in the Walker Lane mineral belt [6]