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KITRON ASA: PRIVATE PLACEMENT SUCCESSFULLY PLACED
Globenewswire· 2025-11-25 22:27
Core Viewpoint - Kitron ASA has successfully completed a private placement of up to 17,000,000 new ordinary shares, raising approximately NOK 973.25 million in gross proceeds to finance the acquisition of DeltaNordic AB and for general corporate purposes [2][3][4]. Group 1: Private Placement Details - The private placement involved the allocation of 17,000,000 Offer Shares at an offer price of NOK 57.25 each [3]. - Approximately NOK 814 million of the net proceeds will be used for the cash consideration in the acquisition of DeltaNordic AB, with excess funds directed towards general corporate purposes and strengthening the balance sheet [4]. - The Offer Shares will be issued based on the existing board authorization from the annual general meeting held on 24 April 2025 [5]. Group 2: Settlement and Registration - Notifications of allocation and payment instructions are expected to be distributed on 26 November 2025 [6]. - Settlement of the private placement will occur on a delivery versus payment basis, with expected registration of the share capital increase with the Norwegian Register of Business Enterprises around 27 November 2025 [7][8]. - Following the registration, the company's share capital will amount to NOK 21,640,285.90, divided into 216,402,859 shares [9]. Group 3: Shareholder Considerations - The private placement deviates from shareholders' pre-emptive rights, but the board believes it serves the common interest of the company and its shareholders by enabling efficient equity financing [10][11]. - The private placement will result in a limited dilution of existing shareholders, representing 8.5% new shares, with pricing set at a modest discount of approximately 4.9% to the last closing price [12]. Group 4: Management Participation - Key management personnel, including the CEO and CFO, were allocated Offer Shares in the private placement, indicating confidence in the company's future [17]. Group 5: Company Overview - Kitron ASA is a leading Scandinavian electronics manufacturing services company, with operations across multiple countries and revenues of EUR 647 million in 2024 [14].
Medaro Mining Announces Closing of First Tranche of Private Placement
Newsfile· 2025-11-24 11:00
Medaro Mining Announces Closing of First Tranche of Private PlacementNovember 24, 2025 6:00 AM EST | Source: Medaro Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - November 24, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTCID: MEDAF) (FSE: 1ZY) (the "Company") is pleased to announce that, further to its news release on October 30, 2025, it has closed the first tranche of its non-brokered private placement (the "Offering"), issuing a total of 2,262,500 common shares in the capital of t ...
FibroBiologics Announces Pricing of $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-11-19 13:36
HOUSTON, Nov. 19, 2025 (GLOBE NEWSWIRE) -- FibroBiologics, Inc. (Nasdaq: FBLG) (“FibroBiologics” or the “Company”), a clinical-stage biotechnology company with 270+ patents issued and pending with a focus on the development of therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, today announced it has entered into a definitive agreement for the issuance and sale to an existing shareholder of 3,540,000 shares of its common stock and pre-funded warrants to ...
Lineage Announces Proposed Offering of Euro-Denominated Senior Notes
Businesswire· 2025-11-19 11:25
Nov 19, 2025 6:25 AM Eastern Standard Time The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act†), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the Securities Act. The Notes will be offered only to "qualified institutional buyers†under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons†in compliance with Reg ...
Metals Creek Resources Corp. Files with the TSXV, Closes First Tranche of Private Placement
Newsfile· 2025-11-19 02:05
Core Viewpoint - Metals Creek Resources Corp. has received conditional approval from the TSX Venture Exchange for a non-brokered private placement aimed at raising up to $1,000,000 through the issuance of flow-through and non-flow-through units [1][4]. Financing Details - The company plans to issue up to 12,500,000 flow-through units at a price of $0.04 per unit and up to 14,285,714 non-flow-through units at a price of $0.035 per unit, totaling up to $1,000,000 in proceeds [2]. - Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with the whole warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 24 months [2]. - Each non-flow-through unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant, with the warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 60 months [2]. Financing Progress - The company has closed the first tranche of the financing, issuing 7,500,000 non-flow-through units and 8,625,000 flow-through units, resulting in gross proceeds of $607,500 [3]. Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project, ensuring that these expenses qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [5]. Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, listed on the TSX Venture Exchange under the symbol "MEK" [6]. - The company holds a 50% interest in the Ogden Gold Property, which includes the past-producing Naybob Gold mine, located 6 km south of Timmins, Ontario [7].
Minnova Corp. Announces Filing of Amended and Restated LIFE Offering Document
Newsfile· 2025-11-19 01:00
Core Viewpoint - Minnova Corp. has filed an amended and restated offering document for a private placement aiming to raise up to C$5 million to support its PL Gold Mine Project and general corporate purposes [1][4]. Group 1: Offering Details - The Marketed Offering will consist of units priced at C$0.20, flow-through units at C$0.23, and charity flow-through units at C$0.32, with a total offering size of up to C$5 million [2][7]. - Each unit includes one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.30 within 36 months after the closing date [2][3]. - An option has been granted to Red Cloud Securities to sell an additional C$1 million in units prior to the closing of the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration and advancement of the PL Gold Mine Project, as well as for working capital and general corporate purposes [4]. - Proceeds from the sale of flow-through shares will be used for eligible Canadian exploration expenses related to the PL Gold Mine Project, with all qualifying expenditures renounced in favor of subscribers effective December 31, 2025 [5]. Group 3: Regulatory and Compliance - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is scheduled to close on December 3, 2025 [10]. - The securities will be offered in compliance with National Instrument 45-106 and will be freely tradeable in Canada, with restrictions on sales in the United States [8][9]. Group 4: Company Overview - Minnova Corp. is focused on restarting its PL Gold Mine, which has a positive feasibility study indicating an average annual production rate of 46,493 ounces over a minimum five-year mine life [12]. - The project benefits from a short pre-production timeline of 15 months and is located in the Flin Flon Greenstone Belt of Central Manitoba, with existing mining infrastructure nearby [12].
Algernon Health announces private placement to support Alzheimer's program
Proactiveinvestors NA· 2025-11-06 13:33
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Zelluna ASA: Notice of extraordinary general meeting on 25 November 2025
Globenewswire· 2025-11-04 12:04
Oslo, 4 November 2025: Reference is made to the stock exchange notice published by Zelluna ASA (the "Company") on 3 November 2025 regarding the successful private placement and retail offering. The Company's board of directors (the "Board") hereby calls for an extraordinary general meeting on 25 November 2025 at 09:00 CET (the "EGM") to resolve upon proposals by the Board to issue the new shares in tranche 2 of the private placement and to authorize the Board to issue new shares in a potential subsequent r ...
Skyline Builders Group Holding Ltd. Announces Closing of $23.9 Million Private Placement
Globenewswire· 2025-11-03 22:00
Hong Kong, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced that on November 3, 2025 (the “Closing Date”) it closed its previously announced private placement (the “Private Placement”) of 17,370,909 Class A Ordinary Shares and/or Prefunded Warrants in lieu of Class A Ordinary Shares , together with Class A Ordinary Share Purchase Warrants to purchase up to 17,370,909 Class A Ordinary S ...
Abcourt Closes $10 Million Brokered Private Placement
Globenewswire· 2025-10-31 17:20
Core Viewpoint - Abcourt Mines Inc. has successfully closed a brokered private placement, raising approximately $10 million through the sale of flow-through units and regular units, aimed at funding exploration and general corporate purposes [1][4]. Group 1: Offering Details - The Offering consisted of 41,666,666 flow-through units sold at $0.12 each and 58,823,530 regular units sold at $0.085 each [1]. - Each flow-through unit includes one class "B" share and one warrant, allowing the purchase of an additional class "B" share at $0.12 until October 31, 2028 [2]. - Each regular unit also consists of one class "B" share and one warrant, with the same purchase terms as the flow-through units [3]. Group 2: Use of Proceeds - Net proceeds from the sale of regular units will be allocated for working capital and general corporate purposes [4]. - Proceeds from the flow-through units will specifically fund exploration activities for the Flordin-Cartwright project in the Abitibi Greenstone Belt, with a commitment to incur qualifying expenditures by December 31, 2026 [4]. Group 3: Agent Compensation - The lead agent, Red Cloud Securities Inc., received a cash commission of approximately $450,000 and 4,264,711 non-transferable warrants, each allowing the purchase of a class "B" share at $0.12 until October 31, 2028 [5]. Group 4: Insider Participation - Mr. Nouredine Mokaddem, a director of Abcourt, subscribed for 24,705,880 units, increasing his beneficial ownership by approximately 2.14% [10]. - Following the Offering, Mr. Mokaddem holds 124,705,880 class "B" shares, representing about 11.19% of the outstanding shares on a non-diluted basis [12]. Group 5: Regulatory Compliance - The Offering was completed under the listed issuer financing exemption, and the units are not subject to resale restrictions under Canadian securities laws [6]. - The Offering is pending final approval from the TSX Venture Exchange [6].