Private Placement Offering
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ALUULA Announces Upsized C$12 Million LIFE Offering
TMX Newsfile· 2026-02-11 17:54
Core Viewpoint - ALUULA Composites Inc. has announced a brokered private placement offering due to strong investor demand, aiming to raise C$12,002,100 through the sale of 3,637,000 units at a price of C$3.30 per unit [1] Offering Details - Each unit consists of one common share and half of one common share purchase warrant, with the warrant allowing the purchase of one common share at C$4.29 within 24 months after the offering's closing date [2] - The offering is expected to close around February 24, 2026, subject to necessary approvals and compliance with TSXV policies [7] - The company has granted the agent an option to sell up to an additional 17.5% of the units at the offering price [5] Use of Proceeds - The net proceeds from the offering will be used for expanding manufacturing capacity by building a new facility and for general administrative and working capital purposes [6] Regulatory Compliance - The offering will be conducted under the listed issuer financing exemption in Canada, allowing units issued to Canadian residents to be free from resale restrictions [3] - The company plans to offer units to investors in the United States under Rule 506(b) of Regulation D, targeting qualified institutional buyers and accredited investors [4]
Millennial Closes "Bought Deal" LIFE Offering of $17,537,500 and Concurrent Non-Brokered Private Placement for Total Proceeds of $18,287,500
TMX Newsfile· 2026-01-29 13:41
Core Viewpoint - Millennial Potash Corp. has successfully closed a "bought deal" private placement offering, raising gross proceeds of $17,537,500 through the sale of 5,750,000 units at a price of $3.05 per unit, which includes a 15% over-allotment option exercised by underwriters [1][2]. Group 1: Offering Details - The LIFE Offering was led by Cantor Fitzgerald Canada Corporation as the lead underwriter and sole bookrunner [2]. - Concurrently, the company closed a non-brokered private placement offering of 245,901 additional units at the same offering price, generating an additional $750,000 in gross proceeds [3]. - Each unit from both offerings consists of one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at an exercise price of $4.00 for 36 months [4]. Group 2: Use of Proceeds - The net proceeds from the offerings will be allocated towards the costs of a definitive feasibility study for the Banio Potash Project and for general working capital [5]. Group 3: Regulatory and Compliance Information - The LIFE Units were issued under specific Canadian securities regulations and are not subject to a hold period, while the Non-LIFE Units are subject to a four-month resale restriction [6][7]. - The company paid the underwriters a cash commission of $1,052,250 and issued non-transferable compensation options for the purchase of up to 230,000 common shares at the offering price until January 29, 2029 [8]. Group 4: Company Statements - The Chairman of Millennial Potash Corp. expressed satisfaction with the completion of the LIFE offering, highlighting the confidence from leading global asset management firms in the company's progress and development plans [11].
Mogotes Metals Announces Closing of C$11.5 Million Bought Deal Offering, Including Full Exercise of the Underwriters' Option
TMX Newsfile· 2026-01-22 14:51
Toronto, Ontario--(Newsfile Corp. - January 22, 2026) - Mogotes Metals Inc. (TSXV: MOG) (FSE: OY4) (OTCQB: MOGMF) ("Mogotes" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement offering pursuant to the Listed Issuer Financing Exemption (as defined below) of an aggregate of 35,937,500 units of the Company (the "Units") at a price of C$0.32 per Unit for aggregate gross proceeds of C$11,500,000 (the "Offering"), which includes the full exercise of t ...
Sierra Madre Announces Closing of $40 Million First Tranche of its $50 Million Offering
TMX Newsfile· 2026-01-14 18:58
Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the first tranche of its brokered private placement offering, raising gross proceeds of approximately $39.68 million through the issuance of 30,521,724 subscription receipts at a price of $1.30 each [1][2]. Group 1: Offering Details - The offering is linked to the proposed acquisition of the Del Toro Silver Mine in Mexico from First Majestic Silver Corp. [2] - Each subscription receipt will convert into one common share upon meeting specific escrow release conditions, including necessary approvals [3]. - The gross proceeds from the first tranche, after deducting agents' fees, amount to approximately $38.57 million, which will be held in escrow until the release conditions are satisfied [4]. Group 2: Financial Implications - The company plans to use the net proceeds from the offering for the completion of the acquisition, exploration and development of Del Toro, and general working capital [5]. - The agents received a cash commission of approximately $2.03 million, with half of this amount placed into escrow [6]. Group 3: Regulatory and Compliance - The securities issued are subject to a four-month hold period and require final approval from the TSX Venture Exchange [7]. - A total of 219,250 subscription receipts were subscribed by certain directors and officers, amounting to gross proceeds of $285,025, which is classified as a related party transaction [8]. Group 4: Company Overview - Sierra Madre Gold and Silver Ltd. focuses on precious metals development and exploration, particularly in the Guitarra mine and Tepic property in Mexico [10]. - The Guitarra mine has a processing facility that resumed commercial production in January 2025 [10]. - The Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [11].
Medaro Announces Closing of LIFE Private Placement Offering
TMX Newsfile· 2026-01-07 00:31
Core Viewpoint - Medaro Mining Corp. has successfully closed its LIFE private placement offering, raising approximately $523,990 through the issuance of 3,742,786 units at a price of $0.14 per unit [1]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one share at an exercise price of $0.17 for 24 months [2]. - The offering was conducted under the Listed Issuer Financing Exemption, meaning the units are not subject to a hold period under Canadian securities laws [3]. Group 2: Financial Transactions - The company paid a total of $2,940 in cash finder's fees and issued 21,000 finders warrants to Research Capital Corporation, and paid $3,430 in cash finder's fees and issued 24,500 finders warrants to Ventum Financial Corp [4]. - After settling a debt of $35,000 to Treewalk Ventures Inc. and paying finder's fees, the company received net proceeds of approximately $482,620.04, which will be used for exploration activities at its lithium properties and for general corporate purposes [5]. Group 3: Related Party Transactions - Treewalk Ventures, controlled by the company's CFO, participated in the offering by acquiring 250,000 shares, and the company used part of the proceeds to settle a debt with Treewalk [7]. - The company is relying on exemptions from formal valuation and minority approval requirements as the transaction does not exceed 25% of its market capitalization [7]. Group 4: Company Overview - Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, owning the James Bay Pontax Project and the CYR South lithium properties in Quebec [8].
Record Resources Closes $1.9 Million Offering to Advance Strategic Growth Initiatives in Gabon, Africa
TMX Newsfile· 2025-12-23 20:10
Core Viewpoint - Record Resources Inc. has successfully completed a brokered private placement offering, raising approximately $1,900,000 through the issuance of units priced at $0.06 each [1]. Group 1: Offering Details - The offering consisted of 31,666,664 units, with each unit comprising one common share and one-half of a common share purchase warrant, exercisable at $0.09 per share until June 23, 2028 [2][4]. - The offering was led by Research Capital Corporation as the sole agent and bookrunner [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards advancing strategic growth plans in Gabon, Africa, as well as for working capital and general corporate purposes related to the company's existing oil development and exploration assets [3]. Group 3: Participation and Fees - Certain directors and officers of the company participated in the offering, purchasing a total of 683,332 units for gross proceeds of $41,000, which are subject to a hold period expiring on April 22, 2026 [7]. - The company paid a cash commission of $133,527.99 to the agent and issued 2,225,467 non-transferable broker warrants, each entitling the holder to purchase one unit at the offering price until June 23, 2028 [6].
RETRANSMISSION: LaFleur Minerals Upsizes LIFE and Flow-Through Unit Offerings
TMX Newsfile· 2025-12-18 19:10
Core Viewpoint - LaFleur Minerals Inc. has amended its non-brokered private placement offering, increasing it to 9,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $4,500,000 to fund gold production operations and general working capital [1][2]. Group 1: Offering Details - The offering consists of units that include one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 36 months [1]. - The offering will not be subject to a hold period under Canadian securities laws [4]. - The closing of the offering is expected around December 31, 2025, or at a date determined by the company [7]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated to the commissioning and restart of gold production at the Beacon Gold Mine and Mill, as well as work at the Swanson Gold Project in Quebec [2]. Group 3: Compensation for Finders - The company will pay qualified finders and brokers a cash commission of 7.0% of the gross proceeds from both the LIFE Offering and the FT Offering, along with broker warrants equal to 7.0% of the units sold [6]. Group 4: Company Overview - LaFleur Minerals is focused on developing gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with significant potential in the Swanson Gold Deposit and the Beacon Gold Mill [9]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects previously held by other mining companies [9]. - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project [9].
LaFleur Minerals Announces LIFE and Flow-Through Unit Offerings
TMX Newsfile· 2025-12-16 04:29
Core Viewpoint - LaFleur Minerals Inc. is initiating a non-brokered private placement offering to raise up to $4,500,000 through two offerings: the LIFE Offering and the FT Offering, aimed at funding gold production operations and exploration projects [1][2][5]. Group 1: LIFE Offering - The LIFE Offering consists of up to 6,000,000 units priced at $0.50 per unit, with gross proceeds expected to reach $3,000,000 [1]. - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 24 months [1]. - The proceeds will be allocated to restarting gold production at the Beacon Gold Mine and Mill, and for general working capital [2]. Group 2: FT Offering - The FT Offering will offer up to 2,500,000 flow-through units at $0.60 per unit, aiming for gross proceeds of $1,500,000 [5]. - Each flow-through unit will consist of one common share classified as a "flow-through share" and one warrant with terms similar to those in the LIFE Offering [5]. - Proceeds from the FT Offering will be used for Canadian Exploration Expenses related to the Swanson Gold Project [6]. Group 3: Securities and Regulations - The securities from the LIFE Offering will not have a hold period under Canadian securities laws, while those from the FT Offering will be subject to a four-month hold period [4][7]. - Both offerings are available to purchasers in Canada, excluding Quebec, under the listed issuer financing exemption [3]. Group 4: Commissions and Closing - The company will pay a 7.0% cash commission to qualified finders and brokers on the gross proceeds from both offerings, along with broker warrants [8]. - The expected closing date for both offerings is around December 31, 2025 [9]. Group 5: Company Overview - LaFleur Minerals Inc. focuses on developing gold projects in the Abitibi Gold Belt, particularly the Swanson Gold Deposit and the Beacon Gold Mill [11]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects [11]. - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is positioned for both Swanson and custom milling operations [11].
Record Resources Announces Upsize of Offering to $1.8 Million to Advance Strategic Growth Initiatives in Gabon, Africa
Newsfile· 2025-12-08 20:30
Core Viewpoint - Record Resources Inc. has increased its brokered private placement offering from $500,000 to $1.8 million due to strong investor demand, aimed at advancing strategic growth initiatives in Gabon, Africa [1] Group 1: Offering Details - The offering will consist of $1.4 million in units issued on a prospectus-exempt basis and $400,000 in units under a private placement [1] - Each unit will include one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.09 for 30 months [2] - The closing of the offerings is expected around the week of December 22, 2025, subject to regulatory approvals [8] Group 2: Use of Proceeds - Net proceeds from the offerings will be utilized to support strategic growth plans in Gabon, along with working capital and general corporate purposes related to existing oil development and exploration assets [3] Group 3: Agent and Commissions - Research Capital Corporation is the sole agent and bookrunner for the offering, with an option to increase the private placement by up to $100,000 [4] - The agent will receive an 8% cash commission on the gross proceeds and broker warrants equal to 8% of the units sold [9]
Sendero Resources Completed $4.06 Million Brokered Financing
Thenewswire· 2025-12-03 18:10
Core Viewpoint - Sendero Resources Corp. successfully closed a private placement offering, raising gross proceeds of $4,066,050 through the sale of 4,280,053 common shares at a price of $0.95 per share, which positions the company for future exploration activities [1][2][3] Financing Details - The offering was led by Stifel Nicolaus Canada Inc. as the sole agent and bookrunner, and included a partial exercise of the Agent's Option, resulting in additional gross proceeds of $57,050 from the sale of 60,053 shares [1][4] - The company paid a cash commission of $284,624 to the agent, representing 7% of the total gross proceeds, and issued 299,603 share purchase warrants to the agent [5] Use of Proceeds - The net proceeds from the offering will be utilized to fund exploration work at the Peñas Negras project, as well as for general administrative expenses and corporate purposes [6] Project Overview - Sendero Resources is focused on copper-gold exploration at its 100% owned Peñas Negras Project located in the Vicuña Belt, Argentina, which has identified multiple geological targets similar to other deposits in the region [9] - The Peñas Negras project area covers 211.77 km² and is strategically located near significant mining operations, enhancing its exploration potential [9]