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Northfield Capital Announces Up to $10 Million Brokered Financing
Globenewswire· 2025-11-19 12:05
Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) is pleased to announce a brokered financing (the “Offering”) of units of the Company (the “Units”) at a price of $5.50 per Unit (the “Issue Price”) for aggregate gross proceeds of up to $10,000,001. Each Unit will consist of o ...
Batero Gold Provides Update on Unsecured Related Party Loan
Newsfile· 2025-10-31 19:52
Core Viewpoint - Batero Gold Corp. has entered into an unsecured loan agreement with Antioquia Gold Ltd. for the Batero-Quinchia Gold Project, with an increase in loan value and extension of the loan term announced in 2024 [1][3]. Loan Agreement Details - The Original Loan Agreement was for COP$2,400,000,000 (approximately CAD$720,000) with a term of 15 months, starting from the first disbursement on October 20, 2022, and an interest rate of IBR1 + 7.5% per annum (16.75% per annum) [2]. - The Amended Loan Agreement increased the total loan value to COP$4,800,000,000 (CAD$1,627,200) and extended the term until December 20, 2025 [3]. - As of the current date, the total principal advanced under the loan is CAD$1,406,656, with total interest owed amounting to CAD$354,714 [3]. Use of Funds - Disbursements from the loan have been utilized for general working capital, corporate overhead, and to support operational requirements in Colombia [3]. Related Party Transactions - Minera and Antioquia are considered related parties due to a common controlling shareholder, making the loan agreements related party transactions under MI 61-101 [5]. - The company is exempt from formal valuation requirements under MI 61-101 as its shares are listed on the TSXV, and it relied on exemptions from minority shareholder approval requirements for both the Original and Amended Loan Agreements [6]. Company Overview - Batero Gold Corp. is focused on precious and base metals exploration, with the objective of developing the La Cumbre Gold Project located within the Batero-Quinchia Gold Project in Colombia's Mid Cauca gold and copper belt [7].
AIP Realty Trust Closes First Tranche of Non-Brokered Offering of Preferred Units
Globenewswire· 2025-10-29 21:33
VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announces that it has completed the first tranche of a non-brokered private placement (the “Financing”) and has issued 7,260,000 Preferred Units – Series B Convertible (each, a “Preferred Unit”), at a price of US$0.50 per Preferred Unit for aggregate gross proceeds of US$3,630,000. An aggregate of up to 14,000,000 Preferred Units may be issued under the Financing for aggregate gross pro ...
LaFleur Minerals Closes Fully Subscribed LIFE Offering and Announces Investor Relations Partnerships
Newsfile· 2025-09-10 14:02
Core Viewpoint - LaFleur Minerals Inc. has successfully completed a non-brokered private placement, raising gross proceeds of $2,880,000 through the LIFE Offering, and plans to conduct an additional placement due to high demand [1][2]. Financing Details - The LIFE Offering consisted of units priced at $0.48 each, with each unit comprising one common share and one warrant, allowing the purchase of an additional share at $0.75 for 24 months [1][4]. - The company is also set to close a charity flow-through offering, aiming to raise up to $2,587,500 by selling up to 3,750,000 units at $0.69 each [1]. - A cash finder fee of $144,651 was paid, along with the issuance of 301,355 finders' warrants [6]. Use of Proceeds - Proceeds from the LIFE Offering will be allocated to exploration initiatives at the Swanson Gold Project, operational purposes at the Beacon Gold Mill, and general corporate expenses [7]. Insider Participation - An executive officer of the company participated in the LIFE Offering, subscribing for 7,500 units, which is classified as a related party transaction [8][10]. Investor Relations Engagements - The company has engaged multiple independent contractors and agencies for strategic marketing and investor relations to enhance communication and exposure [12]. - Specific agreements include: - Investing News Network for digital campaigns, with a fee of $163,000 for services over 12 months [13]. - Northern Miner Group for advertising services, with a fee of $55,000 for 12 months [14]. - BTV for marketing and broadcast services, with a fee of $28,000 for approximately 6 weeks [15]. - Midas Letter for digital marketing campaigns, with a fee of $50,000 for an indefinite term [17]. - Dayani Capital Corp for investor relations services, with a fee of $50,000 for a one-month trial [18]. - Krify Software Technologies for online investor targeting, with a fee of $19,000 for services until September 12, 2025 [19]. 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, which have significant potential for long-term value [21][22].
Baru Gold Grants Share Options
Thenewswire· 2025-08-09 00:05
Summary of Key Points Core Viewpoint - Baru Gold Corp has granted a total of 4,700,000 stock options to its directors, management, and employees, subject to TSX Venture Exchange approval, with an exercise price of $0.07 per share for a two-year period expiring on August 7, 2028 [1] Group 1: Stock Options - The company has specifically granted 2,088,218 stock options to its CFO, Karen Dyczkowski, at an exercise price of $0.085 per share, also expiring on August 7, 2028 [2] - The stock options granted to insiders are classified as a "related party transaction" under Multilateral Instrument 61-101, but are exempt from formal valuation and minority shareholder approval as the value does not exceed 25% of the company's market capitalization [3] Group 2: Company Overview - Baru Gold Corporation is a junior gold developer with NI 43-101 gold resources located in Indonesia, which is among the top ten gold-producing countries globally [4]
Harvest Gold Announces Closing of Non-Brokered Private Placement with Crescat Capital as Lead Investor
Thenewswire· 2025-08-01 10:30
Core Viewpoint - Harvest Gold Corporation has successfully closed a non-brokered private placement, raising gross proceeds of approximately $2.3 million, which will be utilized for drilling and exploration activities in Quebec [1][5]. Group 1: Offering Details - The private placement consisted of 11,660,199 units priced at $0.075 per unit, generating proceeds of $874,514.93, and 13,533,666 charity flow-through units priced at $0.105 per unit, raising $1,421,034.93 [2]. - The total gross proceeds from the offering amount to $2,295,549.86 [1]. - All securities issued will be subject to a four-month hold period, expiring on December 1, 2025 [7]. Group 2: Investor Participation - Crescat Capital LLC, as the lead investor, purchased 5,866,666 units, increasing its non-diluted ownership in Harvest Gold to approximately 19.73% [3]. - Crescat's investment is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements [3]. Group 3: Exploration Plans - Harvest Gold is set to commence its first drilling program at the Mosseau Gold Project, while also exploring Urban Barry and Labelle for the first time [4]. - The proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the company's projects in Quebec [6]. Group 4: Company Overview - Harvest Gold Corporation has three active gold projects in the Urban Barry area, covering a total of 329 claims over 17,539.25 hectares, located approximately 45-70 km east of the Gold Fields Windfall Deposit [8]. - The company's management and technical advisors possess over 400 years of collective geological and financing experience [8].
Walker Lane Resources Ltd. Announces Closing of Private Placement
Globenewswire· 2025-07-24 08:01
Core Viewpoint - Walker Lane Resources Ltd. has successfully closed a non-brokered private placement, raising a total of $386,000 through the issuance of non-flow through and flow-through units [1][2]. Group 1: Private Placement Details - The company issued 2,508,335 non-flow through units (NFT Units) at a price of $0.12 each, generating gross proceeds of $301,000 [1]. - Additionally, 607,143 flow-through units (FT Units) were issued at a price of $0.14 each, raising gross proceeds of $85,000 [1]. - Each NFT Unit and FT Unit consists of one common share and one common share purchase warrant, with warrants exercisable for two years at $0.16 per common share [1]. Group 2: Insider Participation - An insider subscribed for a total of 1,178,571 units, including 750,000 NFT Units and 428,571 FT Units, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [2]. - The company utilized exemptions from valuation requirements and minority approval due to the insider's participation not exceeding 25% of the company's market capitalization [2]. Group 3: Use of Proceeds - Proceeds from the sale of FT Units will be allocated to Canadian exploration expenses and flow-through mining expenditures, particularly for exploration at the Amy and Silver Hart Properties in the Rancheria Silver District [3]. - The net proceeds from NFT Units will be used for properties in Nevada, including Tule Canyon, Cambridge, and Silver Mountain, as well as for general working capital [3]. - Both FT and NFT Units are subject to a four-month hold period [3]. Group 4: Company Overview - Walker Lane Resources Ltd. is focused on exploring high-grade gold, silver, and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. [4]. - The company plans to initiate exploration programs to advance the Tule Canyon and Amy projects to the resource definition stage through upcoming drilling campaigns [4][5].
Abcourt Closes Private Placement of Debenture and Equity to Restart Sleeping Giant Mine
Globenewswire· 2025-06-26 11:00
Core Points - Abcourt Mines Inc. has successfully closed a non-brokered private placement of secured convertible debentures, raising gross proceeds of $3,000,000 [1][2] - The debenture will bear interest at Term SOFR plus 10% per annum and is convertible into common shares at a price of $0.05 per share during the first year and $0.10 thereafter [2] - The company also closed a tranche of non-brokered equity financing, raising $1,056,000 through the sale of 21,120,000 units at a price of $0.05 per unit [4][5] - The proceeds from both offerings will be used to restart the Sleeping Giant mine and mill, repay outstanding payables, and for general corporate purposes [9] Financing Details - The debenture will mature four years from the issuance date and can be prepaid by the corporation without penalty [2] - Each unit in the equity offering consists of one share and one share purchase warrant, allowing the purchase of one share at $0.08 until June 26, 2028 [5] - All securities issued are subject to a restricted period of four months plus one day following their issuance [6] Related Party Transaction - The debenture was purchased by François Mestrallet, a director of the corporation, qualifying it as a related party transaction under MI 61-101 [3] - Prior to the offering, Mr. Mestrallet held 16.10% of the shares on a non-diluted basis, which will change to 15.76% post-offering [11][12] Financing Facility - The corporation is finalizing a secured financing facility with Nebari Natural Resources Credit Fund II, LP, amounting to $8 million for a 36-month period [8] - This facility is intended to support the restart of the Sleeping Giant mine and is part of the overall financing strategy [9]
StorageVault Completes the Purchase of 8 Assets for $71.9 Million
Globenewswire· 2025-06-24 11:00
Group 1 - StorageVault Canada Inc. has completed the acquisition of seven stores and one adjacent vacant parcel of land for an aggregate purchase price of $71.9 million [1][2] - The funding for the acquisitions was sourced from funds on hand, a promissory note, and mortgage financing [2] - The Related Party Acquisitions, totaling $21.9 million, involved Access Self Storage Inc. as the vendor and were classified as related party transactions under MI 61-101 [3] Group 2 - StorageVault operates 258 storage locations across Canada, owning 228 of these locations and over 5,000 portable storage units, totaling over 12.9 million rentable square feet [4] - The company also provides last mile storage and logistics solutions, as well as professional records management services [4]
Urbanfund Corp. Announces Loan to Shareholder
Globenewswire· 2025-04-29 21:00
Core Points - Urbanfund Corp. has entered into a loan agreement with Westdale Construction Co. Limited for a principal amount of $3,000,000, repayable on July 29, 2025, with an interest rate of 5.95% per annum [1] - The loan is classified as a related party transaction due to the connections between the management of Urbanfund and Westdale, which allows it to be exempt from certain formal requirements under Multilateral Instrument 61-101 [2] - Urbanfund is a Toronto-based real estate development and operating company, focusing on identifying, evaluating, and investing in real estate projects across various locations in Canada [3]