Workflow
Private Placement Financing
icon
Search documents
First Andes Silver Closes Oversubscribed $2 Million Private Placement Financing
TMX Newsfile· 2026-02-13 12:30
Core Viewpoint - First Andes Silver Ltd. has successfully closed a private placement financing, raising approximately C$2 million through the issuance of common shares at C$0.12 each [1]. Financing Details - The company issued a total of 16,708,331 common shares, resulting in aggregate gross proceeds of C$2,004,999.72 [1]. - The common shares are not subject to a hold period in Canada due to the listed issuer financing exemption [2]. - A finder's fee of C$120,790 was paid, and 1,001,583 share purchase warrants were issued, each exercisable at C$0.12 for two years [3]. Use of Proceeds - The net proceeds from the offering will be allocated to: 1. An augmented Q2 2026 drilling program at the Santas Gloria Property 2. Exploration work at the Santas Gloria Property 3. Annual mineral claim payments in Peru 4. General working capital purposes [4]. Company Overview - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 55 km east of Lima, Peru, which has significant exploration potential [6]. - The property features over 12 km of multiphase veins that had not been drilled or explored using modern techniques prior to 2024, with strong near-surface silver intercepts reported in 21 of 26 drill holes [6].
Tectonic Metals Announces Financing of up to $40 Million
Accessnewswire· 2026-02-10 21:50
Core Viewpoint - Tectonic Metals Inc. has announced a brokered private placement offering to raise up to approximately C$40 million through the sale of common shares at a price of C$2.15 per share [1] Group 1: Offering Details - The private placement offering consists of up to approximately 18,605,000 common shares [1] - The offering is being conducted by 3L Capital, BMO Capital Markets, and SCP Resource Finance LP as co-lead agents and joint bookrunners [1] - The company has granted the agents an option to increase the offering size by up to an additional 15% of the common shares sold [1]
First Canadian Graphite Inc. Announces Closing Financing - $2,768,100.00
Thenewswire· 2026-02-07 00:40
Core Viewpoint - First Canadian Graphite Inc. has successfully closed a private placement offering, raising gross proceeds of $2,768,100 through the sale of 9,227,000 units at $0.30 each, which was oversubscribed by $168,100 [1][2] Financing Details - The proceeds from the financing will be allocated for general working capital and an exploration and drill program on the Berkwood Graphite Project in northern Quebec [2] - Each unit consists of one common share and one-half warrant, with each whole warrant allowing the purchase of one common share at $0.50 for two years [1] Insider Participation - Three insiders subscribed for a total of 270,000 units, which qualifies as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3] - A new insider position was created through the participation of an investor who subscribed for 750,000 units [3] Finder Fees - A finder fee of $38,802.02 in cash and 125,440 finder warrants, exercisable at $0.50 for two years, will be paid/issued [4] Regulatory Approval - The company will seek approval from the TSX Venture Exchange to close the financing and issue the securities, which will be subject to a hold period of four months plus one day from the issuance date [5] Company Background - First Canadian Graphite is managed by a team with over 150 years of collective experience in mining, with a focus on the Berkwood graphite resource in Northern Quebec, which is fully owned by the company [7]
J2 Metals Inc. Completes $3.8 Million Upsized Private Placement
TMX Newsfile· 2026-02-06 23:55
Core Viewpoint - J2 Metals Inc. has successfully closed the second and final tranche of its non-brokered private placement financing, raising a total of $3,800,000, which was upsized from an initial target of $2,500,000 [1][2]. Financing Details - The second tranche consisted of 6,577,800 Subscription Receipts, generating gross proceeds of $1,644,450, while the first tranche raised $2,155,550 [2]. - Each Subscription Receipt will convert into one 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 $0.40 for 24 months [3]. Use of Proceeds - The net proceeds from the Subscription Receipt Offering will be utilized for general corporate purposes, including advancing the Miniac Project in Quebec's Abitibi Greenstone Belt [4][3]. Insider Participation - Insiders of the Company, including Thomas Lamb, Toby Pierce, and Graham Giles, participated in the second tranche, purchasing a total of 604,000 Subscription Receipts for an aggregate amount of $151,000 [7]. Project Overview - J2 Metals Inc. is focused on gold and silver exploration projects in established mining jurisdictions, including Mexico, Québec, and Alaska. The Miniac Project has shown strong discovery potential with reported grades of up to 4.8 g/t gold and 6.9% zinc [8]. - The Napoleon Project in Alaska is located in a prolific placer gold camp, with historical drilling indicating significant mineralization potential [8].
Providence Gold Mines Inc. Increases Financing
Thenewswire· 2026-02-04 14:30
Core Viewpoint - Providence Gold Mines Inc. is increasing its Private Placement from $150,000 to $180,000, with each unit consisting of one common share and one full non-transferable warrant repriced to $0.065 from $0.05, aimed at funding administration and mineral evaluation for the La Dama De Oro property [1][2]. Group 1: Private Placement Details - The Private Placement will now raise up to $180,000, with each unit comprising one common share and one full non-transferable warrant [1]. - The warrants are exercisable for two years from the date of issue, with finder’s fees potentially paid at 7% cash and 7% finder's warrants exercisable at $0.065 for one year [1]. Group 2: Use of Proceeds - Proceeds from the Private Placement will be allocated for administration and continued sampling of both underground and surface workings to assess the mineralization potential ahead of a planned 1000-ton bulk sample [2]. Group 3: Property Overview - The La Dama de Oro property is a historical high-grade gold producer with all necessary permits for water, road, environmental, and bulk sampling operations [4]. - The property has not undergone modern scientific exploration, resulting in no developed or identified NI 43-101 compliant resources [4]. Group 4: Geological Context - The property is located in the Silver Mountain Mining District, characterized by complex geology including Mesozoic quartz monzonite and Jurassic Sidewinder Volcanics, with mineralization hosted by the La Dama de Oro Fault [5]. - The mineralization is classified as a low-sulfidation epithermal gold-silver vein system, with the largest known vein measuring 4.5 feet at its widest point and extending over 6,000 feet [6].
Brasnova Energy Materials Inc. Files for Approval of $750,000 Private Placement Financing
TMX Newsfile· 2026-01-30 21:00
Group 1 - Brasnova Energy Materials Inc. has filed for Conditional Approval of a non-brokered private placement financing for gross proceeds of up to $750,000 [1][3] - The company plans to issue up to 7.5 million units at a price of 10 cents per unit, each consisting of one common share and one common share purchase warrant [2] - The first tranche of the financing, amounting to $250,000, will involve the issuance of 2.5 million units, subject to Exchange approval [3] Group 2 - The warrants will be exercisable for an additional common share at an exercise price of 20 cents for 24 months, with an acceleration clause if shares trade at or above 50 cents for 10 consecutive trading days [2] - Proceeds from the financing will be allocated for project payments, acquisitions, exploration, development, and working capital expenditures [3] - All securities issued will be subject to a statutory hold of 4 months and one day from the date of issue [4] Group 3 - Brasnova Energy Materials is focused on securing, developing, and monetizing Brazilian critical materials assets and related technologies to enhance shareholder value [5]
Silver One Announces Closing of First Tranche for $31 Million
TMX Newsfile· 2026-01-29 23:25
Core Viewpoint - Silver One Resources Inc. has successfully closed the first tranche of its non-brokered private placement financing, raising a total of $31,078,140 through the issuance of 53,583,000 units at a price of $0.58 per unit, with a final tranche of $922,200 expected to close shortly [1][2]. Financing Details - The offering received strong support, with Eric Sprott subscribing approximately $10 million, increasing his ownership to about 16.0% of the issued shares [2][7]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.80 for three years [4]. - The company paid a finder's fee of $1,779,464 for the offering, with no finder's warrants issued [5]. Use of Proceeds - The net proceeds from the offering will be allocated to various initiatives, including: - Drilling programs at the Candelaria Project - Exploration and geophysics work at mineral properties - Metallurgical and environmental studies at Candelaria - Preparation of a pre-feasibility study for Candelaria - Annual mineral claim payments - General working capital [6]. Company Overview - Silver One is focused on exploring and developing quality silver projects, holding a 100% interest in the Candelaria Mine in Nevada, which has potential for near-term production through reprocessing historic leach pads [11]. - The company has staked 636 lode claims and entered a Lease/Purchase Agreement for five patented claims on its Cherokee project, which hosts multiple silver-copper-gold vein systems [12]. - Additionally, Silver One owns a 100% interest in the Silver Phoenix Project, a high-grade native silver prospect located in the Arizona Silver Belt [13].
Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters’ Option
Globenewswire· 2026-01-29 14:47
Core Viewpoint - Li-FT Power Ltd. has successfully closed its previously announced offerings, raising approximately C$48.1 million in gross proceeds, which includes the full exercise of underwriters' options [2][3] Group 1: Offerings Details - The offerings included the sale of 3,876,000 flow-through subscription receipts at a price of C$6.88, generating gross proceeds of C$26,666,880, and 2,209,300 non-flow-through subscription receipts at a price of C$4.30, generating gross proceeds of C$9,499,990 [8] - Additionally, 775,200 flow-through common shares were sold at a price of C$6.45 for gross proceeds of C$5,000,040, and 1,627,800 non-flow-through common shares at the same non-flow-through issue price generated gross proceeds of C$6,999,540 [8] Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through subscription receipts will be used for eligible Canadian exploration expenses related to the Adina-Galinée property in Quebec, with a deadline of December 31, 2027 [5] - Proceeds from the sale of non-flow-through subscription receipts will be allocated towards the Adina-Galinée property and general corporate purposes [5] - The gross proceeds from the sale of flow-through shares will be directed towards qualifying expenditures on the Yellowknife Lithium Project and other exploration properties, also with a deadline of December 31, 2027 [6] Group 3: Underwriters and Commissions - The offerings were led by Canaccord Genuity Corp. as the lead underwriter, with a cash commission of 5.0% of the gross proceeds paid to the underwriters, except for certain purchasers on a president's list [3] Group 4: Insider Participation - Certain directors and officers of the company participated in the offerings, which constituted a related party transaction, exempt from formal valuation and minority shareholder approval requirements [10]
Silver Valley Metals Announces $2 Million Private Placement Financing
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Silver Valley Metals Corp. is seeking conditional approval for a non-brokered private placement to raise $2 million through the issuance of units, which will support the development of its business and asset portfolio [1][2]. Financing Details - The company plans to issue 16,666,667 units at a price of $0.12 per unit, with each unit consisting of one common share and one common share purchase warrant, exercisable at $0.25 for 24 months [2]. - Four insiders are participating in the financing, contributing $504,000, which qualifies as a related party transaction under MI 61-101, but the company is exempt from formal valuation and minority shareholder approval requirements [3]. Use of Proceeds - The net proceeds from the financing will be allocated to advance the development of Silver Valley's business and asset portfolio, including the Mexi-Can Lithium-Potash Project and maintaining equity in Silver Dollar Resources Inc. [4][5]. Company Overview - Silver Valley Metals Corp. is a Canadian exploration company focused on acquiring and advancing high-quality mineral assets, including a 100% interest in the Mexi-Can Lithium-Potash Project in Mexico [5][6]. - The Mexi-Can Project encompasses 4,056 hectares and contains an inferred mineral resource of 12.3 million tonnes of Sulfate of Potash and 243,000 tonnes of lithium carbonate equivalent [6]. Strategic Goals - The company aims to evaluate and advance high-quality mineral opportunities, strengthen its technical capabilities, broaden its shareholder base, and maintain disciplined advancement of the Mexi-Can Project [7].
Aben Gold Closes Private Placement Financing
Globenewswire· 2026-01-27 23:00
Core Viewpoint - Aben Gold Corp. has successfully closed a non-brokered private placement financing, raising a total of CAD $400,000 to support exploration and working capital needs [1][4]. Financing Details - The company issued 5,000,000 units at a price of CAD $0.08 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant allows the holder to purchase one common share at CAD $0.12 for a period of two years [2]. Insider Participation - Management and Board members, as insiders, subscribed for a total of 550,000 units, generating gross proceeds of CAD $44,000 [3]. - This insider transaction is classified as a related party transaction and is subject to Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the participation not exceeding 25% of the company's market capitalization [3]. Use of Proceeds - The proceeds from the private placement will be allocated towards exploration expenditures and general working capital [4]. Company Overview - Aben Gold Corp. is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project [6]. - The company's objective is to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable regions [6]. Share Information - The company has a total of 28.2 million shares outstanding [7].