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Canadian GoldCamps Closes First Tranche of Private Placement and Issues LOI Consideration Shares
Thenewswire· 2026-01-02 12:30
Core Viewpoint - Canadian GoldCamps Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising a total of $555,000 through the issuance of 5,550,000 common shares at a price of $0.10 per share [2]. Financing Details - The first tranche raised gross proceeds of $555,000, which will be partially used for a $100,000 cash payment related to an option agreement with Stelmine Canada Ltd., with the remainder allocated for general working capital [2]. - The offering is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange, and the securities issued will have a hold period of four months and one day [3]. Option Agreement with Stelmine - The company has issued 1,822,941 shares to Stelmine as part of a binding letter of intent, representing 9.99% of the company's outstanding shares, in exchange for exclusivity regarding the Courcy and Mercator projects [4]. - The letter of intent grants the company an exclusive option to acquire up to an 80% interest in the Courcy and Mercator projects, with an initial 10% interest contingent upon the execution of a definitive option agreement [5]. Related Party Transactions - An officer of the company participated in the first tranche, acquiring 200,000 shares, which is classified as a related party transaction under Multilateral Instrument 61-101 [6]. Finder's Fees - The company paid a finder's fee of $1,800 and issued 18,000 finder's warrants, allowing the holder to acquire shares at an exercise price of $0.12 for 24 months [7].
Arcus Announces Effective Date of Share Consolidation and Closing of Financing
Thenewswire· 2025-12-24 01:15
Core Viewpoint - Arcus Development Group Inc. will consolidate its shares on a 1-for-10 basis effective December 30, 2025, reducing the total shares from 73,878,065 to 7,387,807 before financing [1][2] Share Consolidation - The consolidation will result in 13,221,140 shares issued and outstanding post-financing, with no fractional shares issued [2] - Fractional shares will be rounded down if less than 0.5 and rounded up if 0.5 or more [2][3] Financing Details - The company has announced two non-brokered private placements with total gross proceeds of $1,650,000, expected to close on December 30, 2025 [4] - The first financing involves 2,000,000 post-consolidation units at $0.25 per unit, raising $500,000 [5] - The second financing includes 3,833,333 post-consolidation units at $0.30 per unit, raising $1,150,000 [6] Use of Proceeds - Net proceeds from the financing will be used for general working capital and to fund the Touleary project in the White Gold District of Yukon Territory [8] Securities Regulation - Securities issued in connection with the financing will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. unless registered or exempt [9]
Inspiration Energy Arranges $200,000 Financing
TMX Newsfile· 2025-12-22 22:30
Core Viewpoint - Inspiration Energy Corp. is initiating a non-brokered private placement financing to raise $200,000 through the sale of up to 4,000,000 units at a price of $0.05 per unit [1][2]. Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the purchase of one common share at an exercise price of $0.06 for a period of 36 months post-closing [2]. - The closing of the offering is contingent upon receiving necessary regulatory approvals, and the net proceeds will be allocated for general working capital purposes [3]. Group 2: Company Overview - Inspiration Energy Corp. focuses on mineral exploration and the acquisition of mineral property assets in Canada, aiming to locate and develop properties of merit [4].
Regency Silver Announces Closing of Oversubscribed $4.1M Financing Led by Centurion One Capital
TMX Newsfile· 2025-12-19 23:27
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Regency Silver Corp. (TSXV: RSMX) (OTCQB: RSMXD) ("Regency Silver" or the "Company") is pleased to announce the successful closing of its previously announced (December 9, December 11 and December 15) best efforts brokered private placement of units of the Company (the "Units") for aggregate gross proceeds of approximately $3,991,000 (the "Brokered Offering"). The Company is also pleased to announce the closing of its previously announced ...
Algernon Closes First Tranche of its Recently Announced Private Placement Financing
Globenewswire· 2025-11-15 00:55
Core Points - Algernon Health Inc. has closed the first tranche of its non-brokered private placement, raising gross proceeds of CAD $177,000 from the sale of 2,528,752 units at an issue price of CAD $0.07 per unit [2][4] - Insiders of the company participated in the first tranche, contributing CAD $37,000, which is classified as a related party transaction under MI 61-101 [3] - The proceeds from the first tranche will be allocated towards advancing the company's Alzheimer's Disease program, including the opening of its first U.S. AD clinic, as well as for general administrative expenses and working capital [4] Financial Details - The first tranche raised a total of CAD $177,000, with each unit priced at CAD $0.07 [2] - The participation of insiders did not exceed 25% of the company's market capitalization, allowing the company to rely on exemptions from certain requirements under MI 61-101 [3] Future Plans - Additional tranches of the offering are expected to close on or before December 1, 2025 [4] - The company is focused on establishing a network of clinics in North America for early-stage detection of Alzheimer's Disease and other neurological conditions [7]
Wedgemount Closes First Tranche of Private Placement and Provides Corporate Update
Thenewswire· 2025-11-05 22:40
Core Points - Wedgemount Resources Corp. has successfully closed the first tranche of its private placement financing, raising gross proceeds of CAD$107,500 from the issuance of 2,150,000 units at a price of CAD$0.05 per unit [1][2] - Each unit consists of one common share and one half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at CAD$0.12 for two years [2] - The company plans to use the net proceeds from the offering for general working capital purposes [4] Financial Details - The first tranche of the offering raised CAD$107,500, which is part of a larger financing plan of up to CAD$500,000 [1][2] - The common shares and warrants issued are subject to a statutory hold period of approximately four months, ending on March 6, 2026 [3] - The company may pay finder's fees of 7% in cash and 7% in warrants to qualified non-related parties for the total proceeds raised [4] Stock Options - The company granted 1,550,000 stock options to directors, officers, and consultants, exercisable for up to three years at a price of CAD$0.05 per share [5]
Oracle Commodity Holding Increases Non-Brokered Private Placement to $280,000
Newsfile· 2025-10-09 18:15
Core Viewpoint - Oracle Commodity Holding Corp. has increased its non-brokered private placement financing due to high demand, raising the offering from 7,500,000 units to 8,000,000 units, with potential gross proceeds of $280,000 [1] Group 1: Offering Details - The Offering consists of 8,000,000 units priced at $0.035 per unit, each unit includes one common share and one transferable common share purchase warrant [1] - Each warrant allows the holder to acquire an additional common share at an exercise price of $0.06 for three years [1][2] - A Finder's fee of up to 7% in Finder's Units will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] Group 2: Insider Participation - Company insiders will subscribe for up to 1,750,000 units, generating gross proceeds of up to $61,250 [3] - The issuance of units to insiders is classified as a related party transaction, relying on exemptions from formal valuation and minority shareholder approval requirements [3] Group 3: Regulatory and Closing Information - The Company is utilizing the TSX Venture Exchange's minimum price exemption and anticipates closing the Offering soon, subject to necessary regulatory approvals [4] - The units will be issued on a private placement basis and will be subject to a statutory hold period of four months and one day from the issuance date [4] Group 4: Use of Proceeds - The net proceeds from the Offering will be used for general corporate purposes and to pay for the cash consideration for acquiring a 2% royalty from U.S. Fluorspar LLC over certain fluorspar projects [5] - No proceeds will be allocated to payments to non-arm's length parties, except for normal compensation of officers, directors, employees, and consultants [5] Group 5: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [6]
Datametrex Provides Financing Update
Accessnewswire· 2025-09-22 20:30
Core Viewpoint - Datametrex AI Limited has confirmed the terms of two private placement financings totaling up to $4,000,000, which includes common shares and subscription receipts priced at $0.08 each [1] Group 1: Financing Details - The company is conducting a non-brokered private placement of up to $3,000,000 of common shares [1] - Additionally, there is a non-brokered private placement of up to $1,000,000 of subscription receipts [1] - Both the common shares and subscription receipts will be priced at $0.08 each [1]
Rio Silver arranges $1.3M private placement
Globenewswire· 2025-09-11 13:00
Core Viewpoint - Rio Silver Inc. has announced a non-brokered private placement financing of up to 13 million units at $0.10 per unit, aiming for gross proceeds of up to $1.3 million [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one transferable warrant, with each warrant exercisable into one common share at $0.15 for three years from closing [2]. - The company may accelerate the warrant expiry date if its common shares close at or above $0.25 for 15 consecutive trading days, with warrants expiring 30 days from the notice [2]. - The private placements may be closed in one or more tranches, subject to TSX-V approval, and the company may pay a finder's fee or commission of up to 8% [3]. Group 2: Use of Proceeds - The gross proceeds from the sale of the units will be allocated for exploration and development of the company's projects in Peru, as well as for general working capital purposes [4]. Group 3: Company Overview - Rio Silver is focused on identifying and acquiring precious metal assets that are expected to generate near-term cash flow, supporting its exploration and development plans in a non-dilutive manner [5]. - The company expresses optimism regarding Peru's supportive mining policies and ongoing investment in the region [5].
LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-08-15 21:30
Core Points - Leading Edge Materials Corp. has successfully closed a non-brokered private placement financing, initially announced on June 10, 2025, raising gross proceeds of C$2,838,160 by issuing 17,738,500 units at a price of C$0.16 per unit [2][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of C$0.32 until four years from the closing date [3]. - The net proceeds from the private placement will be utilized for the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes [4]. - A finder's fee of 6% was paid to a third party on a portion of the private placement, which is subject to final approval from the TSX Venture Exchange [4]. Group 2: Insider Participation - Insiders of the company purchased a total of 10,666,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [6]. - Mr. Eric Krafft, a director of the company, acquired 10,666,000 common shares, increasing his total holdings to approximately 38.30% of the issued and outstanding common shares on a non-diluted basis and 48.28% on a partially diluted basis [7]. Group 3: Company Overview - Leading Edge Materials is focused on developing critical raw material projects in the European Union, including the Woxna Graphite mine in Sweden and the Norra Kärr Heavy Rare Earth Elements project [12]. - The company is positioned to benefit from the growing demand for critical raw materials linked to high-growth technologies such as lithium-ion batteries and permanent magnets [12].