Workflow
Related party transaction
icon
Search documents
Nuvau Minerals Announces Amendment to Private Placement Terms
TMX Newsfile· 2026-02-21 00:34
Core Viewpoint - Nuvau Minerals Inc. has amended the terms of its brokered private placement offering, aiming to raise up to $20 million through the issuance of units and flow-through shares [1][2]. Offering Details - The offering consists of up to 18,750,000 units priced at $0.80 per unit, targeting gross proceeds of up to $15 million [1]. - Additionally, the company plans to issue up to 5,555,555 flow-through common shares at $0.90 per share, aiming for gross proceeds of up to $5 million [2]. - The proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses, with at least 30% qualifying as flow-through critical mineral mining expenditures [2]. Related Party Transaction - A director of the company intends to sell up to 400,000 common shares to subscribe for an equivalent number of flow-through shares under the offering [4]. - This transaction 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 [5]. Closing Timeline - The closing of the unit offering is expected around February 24, 2026, while the flow-through offering is anticipated to close on or about March 6, 2026 [6]. - The completion of the offering is subject to certain conditions, including conditional approval from the TSX Venture Exchange [6]. Additional Information - The agents involved in the offering have an option to sell additional units or flow-through shares, potentially raising an extra $5 million in gross proceeds [7]. - Nuvau Minerals is currently in the exploration and development phase, with its principal asset being the right to earn a 100% interest in the Matagami property from Glencore [9].
Scorpio Tankers (NYSE:STNG) and Stinger Resources Inc. (CSE:STNG): A Comparative Analysis
Financial Modeling Prep· 2026-02-14 08:12
Group 1: Scorpio Tankers (NYSE:STNG) - Scorpio Tankers is a leading entity in the shipping industry, focusing on the transportation of refined petroleum products with a modern fleet of tankers [1] - As of February 13, 2026, a price target of $83 has been set for STNG, indicating a potential upside of 17.71% from its current trading price of $70.51 [1] - The stock has recently experienced a price increase of $2.74, marking a 4.04% rise, with a trading range between $67.16 and $70.57 [2] - Over the past year, STNG has hit a high of $71.48 and a low of $30.63, demonstrating significant growth potential [2] - The company's market capitalization stands at approximately $3.65 billion, highlighting its significant market presence [2] Group 2: Stinger Resources Inc. (CSE:STNG) - Stinger Resources has successfully completed a non-brokered private placement, raising $160,000 by issuing 3.2 million units at $0.05 per unit [3] - The securities issued are subject to a hold period expiring on June 14, 2026, in line with CSE policies and applicable securities laws [3] - Certain directors and officers of Stinger Resources participated in the offering, acquiring 1.4 million units for $70,000, indicating confidence in the company's future prospects [4] - This transaction is deemed a related party transaction under Multilateral Instrument 61-101, designed to protect minority security holders in special transactions [4]
Elixxer Provides Update on Secured and Unsecured Loans
TMX Newsfile· 2026-02-02 22:30
Core Viewpoint - Elixxer Ltd. has entered into an amending agreement to extend the maturity dates of its secured and unsecured notes, aimed at improving its financial position [1][2][3]. Group 1: Amending Agreement Details - The maturity date of all issued and outstanding secured notes totaling $8,000,000 has been extended to June 30, 2026 [2]. - The maturity date of an unsecured promissory note issued in favor of AIP Fund has been extended to December 31, 2026 [2]. Group 2: Related Party Transaction - The amendments are classified as a related party transaction as AIP is a control person of the Company [3]. - The Company is relying on exemptions from valuation and minority shareholder approval requirements due to its financial difficulties [3]. Group 3: Board Approval - The Amending Agreement and related transactions were approved by independent board members, excluding two directors [4]. - No special committee was formed for this agreement, and no dissenting opinions were expressed by any directors [4]. Group 4: Company Overview - Elixxer Ltd. is a Canadian public company listed on the TSX Venture Exchange and the US OTC-Pink exchange, focusing on investments in high growth opportunities [6].
Vault Strategic Mining Announces Intention To Extend Warrant Expiry Date
Thenewswire· 2026-01-21 01:30
Core Viewpoint - Vault Strategic Mining Corp. intends to extend the expiry date of 2,000,000 share purchase warrants from February 14, 2026, to August 14, 2026, which were issued in a private placement [1] Group 1: Warrant Details - The Warrants are exercisable at prices of $0.20 and $0.50 per common share and are subject to an acceleration clause [1] - Holders of the Warrants will need to submit their original Warrant certificate to exercise them, and no amended Warrant certificate will be issued [3] Group 2: Related Party Transactions - Certain Warrants are held by insiders, qualifying as "related parties," making the amendment a "related party transaction" under Multilateral Instrument 61-101 [2] - Exemptions from formal valuation and minority approval requirements apply since the fair market value of the Related Party Warrants does not exceed 25% of the Company's market capitalization [2] Group 3: Company Overview - Vault Strategic Mining Corp. focuses on acquiring and advancing strategic and critical mineral projects in top-tier mining jurisdictions, emphasizing historical and underexplored assets [4] - The Company trades on the TSX Venture Exchange (TSXV: KNOX), OTC Markets (OTC: KNXFF), and the Frankfurt Stock Exchange (FSE: M85) [5]
Trojan Gold Inc. Closes a Non-Brokered Unit Offering
TMX Newsfile· 2025-12-23 22:44
Core Viewpoint - Trojan Gold Inc. has successfully closed a non-brokered private placement, raising a total of $200,000 through the issuance of 2,000,000 units at a price of $0.10 per unit [1][2]. Group 1: Private Placement Details - The units consist of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at an exercise price of $0.15 for 24 months [2]. - The total gross proceeds from the private placement were satisfied by amounts previously advanced to the company [1]. - All securities issued are subject to a four-month and one-day hold period from the closing date, and no finders' fees were paid [3]. Group 2: Related Party Transaction - The issuance of the units is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from valuation and minority approval requirements [4]. - The fair market value of the transaction does not exceed 25% of the company's market capitalization, allowing the company to proceed without additional approvals [4]. Group 3: Company Overview - Trojan Gold Inc. is a junior exploration company based in Ontario, focusing on mineral exploration in the Hemlo Gold Camp and Shebandowan Greenstone Belt [5]. - The company is led by a team with expertise in exploration, engineering, project financing, and permitting [5]. - Trojan Gold is listed on the Canadian Securities Exchange under the symbol CSE: TGII and on the Frankfurt Exchange under the symbol KC1 [5].
StorageVault to Acquire Six Assets for $71.8 Million, Exceeding $200 Million Completed and Announced Transactions for 2025
Globenewswire· 2025-12-18 12:30
Core Viewpoint - StorageVault Canada Inc. has announced the acquisition of six assets for a total of $71.8 million, which is expected to close in Q1 2026, enhancing its existing portfolio [1]. Group 1: Acquisition Details - The total purchase price for the acquisitions is $71.8 million, which may be adjusted and will be paid using existing funds, first mortgages, and potential share consideration [2]. - Among the acquisitions, four transactions are arm's length, while one transaction involving two stores, valued at $42.0 million, is a related party acquisition with Access Self Storage Inc. [1][2]. - The total amount of completed and announced transactions by StorageVault in the year to date exceeds $200 million, including $132.6 million of completed acquisitions [1]. Group 2: Conditions and Exemptions - The completion of the acquisitions is subject to conditions such as satisfactory due diligence, obtaining first mortgage commitments, and satisfactory environmental site assessments [3]. - The related party acquisition is considered a "related party transaction" under MI 61-101, and StorageVault will rely on exemptions from formal valuation and minority approval requirements [4]. Group 3: Company Overview - StorageVault currently operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [6]. - The company also provides last mile storage and logistics solutions, along with professional records management services [6].
Unigold Proposes to Extend Warrants
Newsfile· 2025-12-09 21:18
Core Viewpoint - Unigold Inc. intends to extend the expiry dates of 53,433,675 share purchase warrants to March 31, 2026, maintaining the exercise price at $0.30 per share [1]. Group 1: Warrant Details - The warrants were originally set to expire on December 31, 2024, and are part of various private placements [1]. - A total of 3,797,660 warrants are held by related parties, which classifies the amendment as a "related party transaction" under relevant regulations [3]. - The company will file a material change report upon receiving approval from the TSX Venture Exchange for the warrant extensions [3]. Group 2: Private Placement Information - The warrants were issued through several private placements, including: - 12,596,175 warrants from a placement that closed on August 10, 2021, with 375,850 to insiders [7]. - 8,750,000 warrants from a placement that closed on September 7, 2022, with 1,850,000 to insiders [7]. - 1,150,000 warrants from a placement that closed on September 12, 2022 [7]. - 6,875,000 warrants from a placement that closed on November 1, 2022 [7]. - 8,008,750 warrants from a placement that closed on May 10, 2023, with 850,000 to insiders [7]. - 16,053,750 warrants from a placement that closed on May 16, 2023, with 528,750 to insiders [7].
Northfield Announces Upsized Brokered Financing of up to $15 Million
Globenewswire· 2025-12-01 20:40
Core Viewpoint - Northfield Capital Corporation has announced an increase in its brokered financing offering to a total of up to $15,000,000 due to strong investor demand, with each unit priced at $5.50 and including a share and a warrant [1][3]. Financing Details - The offering will consist of units priced at $5.50 each, comprising one class A restricted voting share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $7.50 for three years [1]. - The net proceeds from the offering will be allocated for operational expenditures and general corporate purposes, with the closing expected around December 9, 2025, pending approval from the TSX Venture Exchange [3]. Agents and Commissions - Integrity Capital Group Inc. is the lead agent and sole bookrunner for the offering, and the company will pay a cash commission and issue compensation options to the agents involved [2]. Regulatory Compliance - The units will be offered under the Listed Issuer Financing Exemption, allowing sales to purchasers in Canada (excluding Québec) and other qualifying jurisdictions without a hold period in Canada [4]. Insider Participation - Certain insiders, including Mr. Robert Cudney, may participate in the offering, which is classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6][10]. Class B Share Issuance - The company plans to issue up to 1,192 additional Class B multiple voting shares to Mr. Cudney at a price of $6.40 per share, totaling gross proceeds of up to $7,629, in addition to previously proposed shares [7]. - This issuance aims to maintain Mr. Cudney's voting interest following the offering, as he currently holds approximately 39.6% of the total voting power [8]. Legal and Advisory Support - Cassels Brock & Blackwell LLP is serving as legal advisor to Northfield Capital, while Bennett Jones LLP is advising the agents involved in the offering [11]. Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [12].
Sailfish Closes Its Previously Announced Transaction to Acquire the Permitted Mt. Hamilton Gold-Silver Project in Nevada and Enters into Definitive Agreement for the Acquisition of a Five-Year Gold Stream and Subsequent 2% NSR
Newsfile· 2025-11-26 22:00
Core Viewpoint - Sailfish Royalty Corp. has successfully closed its acquisition of the permitted Mt. Hamilton Gold-Silver Project in Nevada and has entered into a definitive agreement for a five-year gold stream and a subsequent 2% net smelter royalty (NSR) [1][2] Acquisition Details - The acquisition includes a five-year gold stream where Sailfish will receive approximately 341.7 troy ounces of gold monthly at a price equal to 20% of the London Bullion Market Association PM Fix price, with a minimum of US$2,700 and a maximum of US$3,700 per ounce [3] - Sailfish has also acquired the outstanding membership interests of Mt. Hamilton LLC, which owns the property, from a third party [2] Financial Arrangements - To fund the acquisition, Sailfish has entered into a credit agreement for a USD$40 million senior secured bridge term facility with Wexford Capital LP and other guarantors [6][10] - The company will use the Wexford Loan to fund the purchase price for the acquisition and to purchase the Company Interests as a nominee for Mako US [7] Regulatory and Shareholder Approvals - The closing of the Mako Transaction is subject to customary closing conditions, including acceptance from the TSX Venture Exchange and approval from both Sailfish's and Mako's shareholders [4][9] - A special meeting of shareholders is expected to be held by February 2026 to consider the Mako Transaction, requiring a simple majority for approval [13][14] Related Party Transactions - The Mako Transaction is classified as a "related party transaction" due to common control between Mako and Sailfish, necessitating disinterested shareholder approval [9][12] - The Wexford Loan is also considered a related party transaction, but it is deemed to be on reasonable commercial terms [12] Project Status - The Mt. Hamilton Project has all major state and federal permits to begin construction for an open pit, heap leach gold-silver project, and has a current mineral resource estimate [5]
RAMM Pharma Corp. Provides Additional Disclosure in Connection with its Upcoming Special Meeting of Shareholders
Globenewswire· 2025-11-07 15:11
Core Viewpoint - RAMM Pharma Corp. is proposing a US$5 million investment in Global South for a 10% equity interest, subject to minority shareholder approval at a special meeting scheduled for November 12, 2025 [1][4]. Transaction Description - The proposed investment values Global South at US$50 million post-investment, with RAMM granted a call option to acquire an additional 15% equity interest, potentially increasing total ownership to 25% at a future valuation of US$400 million [4]. - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101 due to Global South being wholly owned by the CEO of RAMM, Jackie Peter Burnett, who will be excluded from voting [4]. - The company currently lacks sufficient funds to complete the transaction but plans to monetize assets or obtain financing to raise the necessary capital [4]. - The purchase price for the 10% interest remains fixed at US$5 million, regardless of any changes in Global South's valuation before the transaction's completion [4]. Background of the Transaction - The Special Committee of RAMM's Board was formed to review the transaction, engaging an independent valuator to assess the strategic rationale and financial forecasts of Global South [6][8]. - The Fair Market Value Report concluded that the transaction is fair from a financial perspective for minority shareholders [6][8]. - Global South is developing the GSDC stablecoin, which is pegged to a diversified basket of BRICS+ fiat currencies and backed by real-world assets to mitigate inflationary pressures [8]. Company Overview - RAMM Pharma operates in cannabinoid pharmacology and product formulation for cannabis-based pharmaceuticals, with a diversified international production and sales platform [7]. - The company has subsidiaries in Italy and Poland, focusing on extraction, processing, and distribution of hemp products [9].