Private placement

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Arizona Copper and Gold Inc. and Core Nickel Corp. Announce Launch of Brokered Financing of up to $10 Million
Newsfile· 2025-10-02 15:28
Arizona Copper and Gold Inc. and Core Nickel Corp. Announce Launch of Brokered Financing of up to $10 MillionOctober 02, 2025 11:28 AM EDT | Source: Core Nickel Corp.Toronto, Ontario--(Newsfile Corp. - October 2, 2025) - Arizona Copper and Gold Inc. (the "Company" or "ACG") and Core Nickel Corp. (TSXV: CNCO) ("Core") are pleased to announce that ACG is launching a brokered private placement of subscription receipts (each, a "Subscription Receipt") for gross proceeds of up to $10,000,000 (the " ...
Rivalry Announces Private Placement and Restructuring of Outstanding Indebtedness, Concluding Its Strategic Review Process
Globenewswire· 2025-09-29 11:00
Core Viewpoint - Rivalry Corp. is completing a non-brokered private placement to raise up to C$5,520,000 and has entered into a debt settlement agreement to restructure its outstanding indebtedness, marking the conclusion of its strategic review process [1][9][10] Private Placement - The private placement involves issuing up to 110,400,000 units at a subscription price of C$0.05 per unit, with each unit consisting of one subordinate voting share and one warrant [2] - A strategic family office has committed to purchase 82,758,620 units for gross proceeds of C$4,137,931 as part of the initial subscription [2] - The first tranche of the private placement is expected to close around October 8, 2025, subject to necessary approvals [3] Use of Proceeds - Proceeds from the private placement will be utilized for corporate development and general working capital purposes [4] Debt Restructuring - The company has entered into a debt settlement agreement to restructure C$12,526,384.88 of its indebtedness through the issuance of 250,527,697 units at the offering price [6] - After the debt settlement, C$8,480,000 of principal amount will remain outstanding under the secured debenture, which will be convertible into shares at a price of $0.10 per share [6] - The maturity date of the secured debenture will be extended to November 14, 2028, with no interest payable until December 31, 2026 [6] Control Person Status - Following the debt restructuring, the senior lender will become a "control person" of the company, requiring shareholder approval, which has been obtained from holders of over 50% of voting rights [7] Conclusion of Strategic Review - The strategic review process initiated in April 2025 has concluded, positioning Rivalry for growth and sustained value creation [9][10]
Pacific Ridge Closes Final Tranche of Brokered Financing; Raised Aggregate Gross Proceeds of C$4.65 Million
Newsfile· 2025-09-26 16:26
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Final Tranche") of its previously announced "best efforts" private placement (the "Offering") for gross proceeds of C$1,958,426.62 from the sale of (i) 7,806,734 units of the Company (the "Units") at a price of C$0.20 per Unit and (ii) 1,726,434 flow-through un ...
Wealth Minerals Enters into Letter Agreement to Acquire the Andacollo Oro Gold Project
Newsfile· 2025-09-25 11:30
Core Viewpoint - Wealth Minerals Ltd. has entered into a binding letter agreement to acquire a 100% royalty-free interest in the Andacollo Oro Gold Project located in Chile, which is seen as a strategic opportunity for the company amidst growing investor interest in gold due to global economic concerns [1][3]. Acquisition Details - The acquisition will be executed through a share purchase and sale transaction, with a purchase price of 12.5 million common shares of Wealth, subject to adjustments for dilution prior to closing [10]. - Wealth has made a cash payment of US$350,000 to the target company for a 30-day exclusivity period to conduct due diligence [10]. - The total deferred purchase payments to be assumed by Wealth amount to US$30 million, with specific payment milestones over 48 months [11]. Project Overview - The Andacollo Oro Gold Project has historically produced 1.12 million ounces of gold from 1995 to 2018, with a peak annual production of 135,000 ounces in 1999 [4][5]. - The project has a historical estimate of 2.02 million ounces of gold in the Measured and Indicated categories and 5.06 million ounces in the Inferred category [4][7]. - The project is located in Region IV, Coquimbo, Chile, and is adjacent to Teck Resource's Carmen de Andacollo mine [4][9]. Private Placement - Wealth is initiating a non-brokered private placement of at least 41,666,666 units at a price of $0.12 per unit, aiming for minimum gross proceeds of $5 million [14]. - Each unit consists of one common share and one-half of a common share purchase warrant, with an exercise price of $0.18 per warrant share for a period of 24 months [14]. - Proceeds from the offering will be allocated to finance the acquisition and development costs of the AOG Project, as well as general working capital [15]. Share Consolidation - Wealth plans to undergo a consolidation of its common shares on a basis of one post-consolidation share for up to seven pre-consolidation shares, aiming to attract capital for project advancement [18][19]. - Following the consolidation, approximately 51,766,170 common shares are expected to be outstanding [18]. Management and Strategic Direction - Chad Williams has been appointed as a strategic advisor to the company, bringing extensive experience in mining and investment banking [20]. - The company aims to diversify its asset base to include precious metal projects while continuing to advance its lithium project portfolio [21][22].
Immuneering Announces Proposed Underwritten Public Offering of Class A Common Stock and Pre-Funded Warrants and Proposed Concurrent Private Placement of Class A Common Stock and Class B Common Stock to Sanofi
Globenewswire· 2025-09-24 20:05
Core Viewpoint - Immuneering Corporation has announced a proposed underwritten public offering of its Class A common stock and a concurrent private placement with Sanofi for $25 million, aimed at advancing its oncology product candidates and general corporate purposes [1][2]. Group 1: Offering Details - The public offering includes shares of Class A common stock and pre-funded warrants, with underwriters granted a 30-day option to purchase an additional 15% of the offered shares [1]. - Sanofi will purchase $25 million worth of Immuneering's Class A common stock or non-voting Class B common stock at the public offering price, in a private placement expected to close concurrently with the public offering [1][2]. - The offering is subject to market conditions and the private placement is contingent upon the closing of the public offering [1]. Group 2: Use of Proceeds - The net proceeds from both the public offering and private placement will be utilized to advance preclinical and clinical development of product candidates, as well as for working capital and other general corporate purposes [2]. Group 3: Regulatory Information - The offering is being conducted under a shelf registration statement filed with the SEC, which was declared effective on August 20, 2025 [3]. - A preliminary prospectus supplement will be filed with the SEC, and copies will be available through the underwriters [3][7]. Group 4: Securities Registration - The shares sold in the private placement will not be registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an applicable exemption [4].
Trinity One Metals Announces Upsized Private Placement
Newsfile· 2025-09-23 09:30
Core Viewpoint - Trinity One Metals Ltd. has increased the proceeds of its non-brokered private placement from $400,000 to $600,000 due to strong investor demand [1]. Group 1: Offering Details - The company plans to issue up to 12,000,000 units at a price of $0.05 per unit, aiming to raise total gross proceeds of up to $600,000 [2]. - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.075 within thirty-six months after the closing date, pending TSX Venture Exchange approval [2]. Group 2: Use of Proceeds - Net proceeds from the sale will be allocated for assessing new growth opportunities, maintaining the existing exploration portfolio, and general working capital [3]. Group 3: Regulatory and Compliance - All securities issued will have a hold period of four months and one day post-issuance, in line with applicable securities laws and TSXV policies [4]. - The offering and any finder’s fees are subject to necessary regulatory approvals, including TSXV approval [4]. Group 4: Related Party Transactions - Certain insiders, including officers and directors, plan to subscribe for 4,300,000 units, which qualifies as a related party transaction under MI 61-101 [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of insider participation not exceeding 25% of the company's market capitalization [5].
Recent Market Movements and Top Losers
Financial Modeling Prep· 2025-09-22 22:00
Core Insights - Several companies have experienced significant stock price declines, impacting investor sentiment and market performance [1] Company Summaries Chijet Motor Company, Inc. (NASDAQ:CJET) - Stock price dropped to $0.19, reflecting a -33.69% change, with a yearly range of $0.078 to $2.99 [2] - The company focuses on innovation in the electric vehicle sector and has appointed Jason Miller as COO to lead its transition into digital currency [2] - Strategic integration of major cryptocurrencies like Bitcoin, Ethereum, and Solana into its balance sheet is planned [2] AtlasClear Holdings, Inc. (NYSE American:ATCH) - Experienced a -33.13% change, with stock price falling to $0.61, ranging from $0.137 to $26.94 over the year [3] - The company is navigating challenging market conditions under CEO Ilya Bogdanov, emphasizing its trading and settlement platform [3] - Recently closed a $3 million financing round with the potential to raise an additional $2 million [3] Envoy Medical, Inc. (NASDAQ:COCH) - Stock price fell to $0.90, marking a -30.55% change, with a price range of $0.88 to $3.99 [4] - The company offers innovative medical technologies for hearing loss and is led by CEO Brent T. Lucas [4] - Announced a $2.5 million registered direct offering and a concurrent private placement for additional shares [4] Market Outlook - Despite significant price declines, these companies continue to pursue innovation and growth, with leadership committed to navigating market challenges [5]
Eloro Resources Announces Further Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$11.0 Million
Globenewswire· 2025-08-27 20:51
Core Viewpoint - Eloro Resources Ltd. has increased the gross proceeds of its private placement from C$10,000,400 to C$11,000,900 due to strong investor demand [1] Group 1: Offering Details - The Underwritten Offering will consist of 9,566,000 units priced at C$1.15 per unit, each unit comprising one common share and one-half of a warrant [1][2] - Each whole warrant allows the holder to purchase one common share at C$1.60 within 36 months after the closing date [2] - An Over-Allotment Option allows Red Cloud to purchase an additional 2,609,000 units for up to C$3,000,350, potentially raising total gross proceeds to C$14,001,250 if fully exercised [3] Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated for the exploration and development of the Iska Iska project in Bolivia, along with general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The Offering is set to close on September 4, 2025, subject to necessary approvals, including from the Toronto Stock Exchange [7] - The Units will be offered to purchasers in specific Canadian provinces and may also be sold in offshore jurisdictions, with certain exemptions from U.S. registration requirements [5][8] Group 4: Company Overview - Eloro Resources Ltd. is focused on exploration and mine development, holding properties in Bolivia, Peru, and Quebec, including a 100% interest in the Iska Iska Property [10]
Eloro Resources Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$10.0 Million
Globenewswire· 2025-08-22 16:03
Core Viewpoint - Eloro Resources Ltd. has successfully increased the size of its private placement offering from C$5,000,200 to C$10,000,400 due to strong investor demand [1] Group 1: Offering Details - The upsized offering will consist of 8,696,000 units priced at C$1.15 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant allows the holder to purchase one common share at a price of C$1.60 within 36 months from the closing date [2] - An over-allotment option allows Red Cloud to purchase an additional 1,740,000 units for up to C$2,001,000 in gross proceeds [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for the exploration and development of the Iska Iska project in southern Bolivia, along with general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The offering is set to close on September 4, 2025, pending necessary approvals, including from the Toronto Stock Exchange [7] - The units will be offered to purchasers in specific Canadian provinces and may also be sold in offshore jurisdictions [5][8] Group 4: Company Overview - Eloro Resources Ltd. is focused on exploration and mine development, holding a portfolio of precious and base-metal properties in Bolivia, Peru, and Quebec [10] - The company has an option to acquire a 100% interest in the Iska Iska Property, a significant mineral deposit in southern Bolivia [10]
Volatus Aerospace Inc. Announces Closing of Quebec Led Institutional “Bought Deal” Private Placement
GlobeNewswire News Room· 2025-08-14 13:12
Core Viewpoint - Volatus Aerospace Inc. has successfully completed a bought deal private placement offering, raising gross proceeds of $4,830,000 through the sale of 9,288,462 units at a price of $0.52 per unit, indicating strong investor confidence in the company's growth strategy [1][2]. Group 1: Offering Details - The offering was led by institutional investors in Quebec, with significant participation from other Canadian institutional investors, highlighting broad confidence in Volatus' strategy and growth potential [2]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.76, valid until August 14, 2028 [3]. - The net proceeds will be allocated towards expanding into the defense business segment, increasing inventory of drone systems to meet rising demand, and for general working capital [4]. Group 2: Regulatory and Financial Aspects - A total of 8,076,924 units were sold under the "Listed Issuer Financing Exemption," which allows for no statutory hold periods, while 1,211,538 units sold under the over-allotment option are subject to a four-month hold period [5]. - The company paid a cash commission of $289,800 to the underwriter and issued 557,308 non-transferable broker warrants, each allowing the purchase of one common share at $0.76, valid until August 14, 2026, also subject to a four-month hold period [6]. Group 3: Company Overview - Volatus Aerospace is recognized as a leader in innovative global aerial solutions, providing comprehensive services using both piloted and remotely piloted aircraft systems across various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [8].