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Desert Gold Closes Fully Subscribed LIFE Offering for Gross Proceeds of C$7,181,800
TMX Newsfile· 2026-02-10 22:48
Core Viewpoint - Desert Gold Ventures Inc. has successfully closed a non-brokered private placement, raising C$7,181,800 through the issuance of 89,772,500 units at a price of C$0.08 per unit [1][2]. Group 1: Offering Details - 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 common share at C$0.12 within 24 months of issuance [2]. - The offering was conditionally approved by the TSX Venture Exchange, and the securities issued will not be subject to a four-month and one-day statutory hold period [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the first phase of the gravity plant at the Barani East gold oxide project in West Mali, resource expansion, exploration drilling at the SMSZ Project in Western Mali, the Tiegba Gold Project in Côte d'Ivoire, and general working capital [3]. Group 3: Finder's Fees - The company paid a total of C$265,986 in finder's fees and issued 3,324,825 non-transferable finder's warrants, which allow the purchase of one common share at C$0.08 within 24 months [4]. Group 4: Company Overview - Desert Gold Ventures is a gold exploration and development company with properties in Mali and Côte d'Ivoire, including the 440 km² SMSZ Project in Western Mali and the newly optioned 297 km² Tiegba Gold Project in Côte d'Ivoire [6].
Metalsource Mining Announces Increase to Private Placement
TMX Newsfile· 2026-02-10 18:46
Core Viewpoint - Metalsource Mining Inc. has increased its non-brokered private placement financing by $3,000,000, raising the total number of units from 10,050,000 to 14,050,000 at a price of $0.75 per unit, aiming for gross proceeds of up to $10,537,500 [1][6]. Group 1: Offering Details - Each unit purchased will consist of one common share and one-half of one transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share for three years at a price of $1.00 per share [2]. - Eric Sprott, through 2176423 Ontario Ltd., will acquire 1,333,333 additional units for a total consideration of $1,000,000, with the remainder of the offering fully subscribed [3]. Group 2: Related Party Transactions - The issuance of units to Mr. Sprott is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. - Mr. Sprott holds more than 10% of the company's common shares, and his participation in the private placement will not exceed 25% of the fair market value of the company's market capitalization [4]. Group 3: Regulatory and Compliance - All securities issued in connection with the offering will be subject to statutory hold periods in accordance with Canadian securities laws, and the offering is contingent upon receiving all necessary regulatory approvals, including from the Canadian Securities Exchange [6].
Hydreight Announces $10 Million Bought Deal Private Placement
Globenewswire· 2026-01-15 21:51
Core Viewpoint - Hydreight Technologies Inc. has launched a bought deal private placement to raise C$10,003,500 through the issuance of 2,470,000 units at C$4.05 per unit, aimed at accelerating growth and expanding its digital healthcare solutions across the U.S. [1][2] Group 1: Offering Details - The offering consists of 2,470,000 units, each comprising one common share and one half of a common share purchase warrant, with warrants exercisable at C$5.27 within 24 months post-closing [2][3] - An additional option allows underwriters to purchase up to 50% more units at the issue price, potentially raising an additional C$5,001,750 [3] - The offering is expected to close around January 27, 2026, pending necessary regulatory approvals [8] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to support sales growth, expand pharmacy production lines, and for general corporate purposes [4] Group 3: Company Overview - Hydreight Technologies Inc. operates a mobile clinic network across the U.S., integrating over 2,500 nurses and 100 doctors, with a proprietary platform that facilitates healthcare delivery directly to patients [11] - The platform includes tools for accounting, documentation, sales, inventory, and patient data management, enhancing service delivery by licensed healthcare professionals [11]
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
Core Viewpoint - Regency Silver Corp. successfully closed a brokered private placement and a concurrent non-brokered private placement, raising approximately $4,078,500 in total gross proceeds [1][3]. Group 1: Offerings Details - The brokered offering generated gross proceeds of approximately $3,991,000, while the non-brokered offering added $87,500, bringing the total to about $4,078,500 [1][3]. - A total of 23,305,714 Units were sold at a price of $0.175 per Unit, with each Unit consisting of one common share and one transferable common share purchase warrant [3]. - Each warrant allows the holder to purchase an additional common share at a price of $0.26 until December 19, 2028 [3]. Group 2: Use of Proceeds - The net proceeds from the offerings will be utilized for drilling at the Dios Padre Project in Sonora, Mexico, and for general working capital purposes [4]. - The company paid a cash commission of $326,280 and issued 1,864,457 non-transferable common share purchase warrants in connection with the offerings [4]. Group 3: Company Overview - Regency Silver Corp. is a Canadian resource company focused on exploring gold, copper, and silver in Mexico, with its flagship project being the Dios Padre project [8]. - The Dios Padre project has shown promising drill results, including 38 meters of 7.36 g/t gold and 36 meters of 6.84 g/t gold, 0.88% copper, and 21.8 g/t silver [8].
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]