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SRQ Resources start drilling at Target 900, Lac Brulé property
GlobeNewswire News Room· 2025-06-17 11:00
Core Viewpoint - SRQ Resources Inc. has commenced a 4,000-metre diamond drilling program at Target 900 on the Lac Brulé property, indicating significant exploration potential in the region [1][2]. Company Overview - SRQ Resources Inc. is a Canadian-based metals company focused on exploring nickel, copper, and platinum in Québec, owning 1,173 exploration claims covering 243 km² at Lac Brulé and 25 km² at Lac Brennan [14]. Exploration Details - The drilling at Target 900 is significant due to the presence of overlapping deep conductivity and gravity highs, which are indicative of a major mineralized system [2]. - The EM conductor at Target 900 begins approximately 500 metres below the surface and intensifies with depth, suggesting a robust geophysical feature [8]. - The deep EM conductor correlates with a high-amplitude gravity anomaly extending below 600 metres, indicating a strong subsurface target [9]. Geological Insights - Surface geological mapping at Lac Brulé reveals a complex intrusive body that hosts the mineralization discovered to date, with the upcoming drill campaign aimed at testing the overlap of geophysical anomalies [4]. - The similarities between gravity anomalies at Target 900 and those at Lac Brennan suggest a larger mineralized footprint across the district, indicating potential for significant discoveries [2][10].
Pampa Metals Announces $5 million LIFE Offering
Thenewswire· 2025-06-13 21:55
Core Viewpoint - Pampa Metals Corp. is initiating a non-brokered private placement aiming to raise between $4 million and $5 million through the issuance of shares priced at $0.16 each, with Canaccord Genuity Corp. serving as the financial advisor for this offering [1][6]. Group 1: Offering Details - The private placement will consist of up to 31,250,000 shares offered under the Listed Issuer Financing Exemption, applicable in all Canadian provinces except Quebec [2]. - The offering is scheduled to close around June 27, 2025, and is subject to customary conditions for such transactions [4]. - The shares will not be subject to a Canadian hold period as per applicable securities laws [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration at the Piuquenes Project and the Cobrasco Project, as well as for working capital and general corporate purposes [4]. Group 3: Financial Advisor and Fees - Canaccord Genuity Corp. will receive an advisory fee of 1% of the total gross proceeds raised from the offering [6]. - The company may also pay finder's fees of up to 5% in cash and 5% in finder's warrants, with warrants having an exercise price of $0.30 and a term of 2 years [6]. Group 4: Company Background - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [7]. - The company has entered into an agreement to acquire an 80% interest in the Piuquenes Copper-Gold Porphyry Project in Argentina and plans to acquire 100% of Rugby Resources Ltd., which will provide an 80% interest in the Cobrasco Project in Colombia [7].
Carlton Precious Announces Further Upsize to Private Placement
Globenewswire· 2025-06-10 01:51
Core Points - Carlton Precious Inc. has announced an increase in its non-brokered private placement to up to 18,700,000 units at a price of $0.09 per unit, aiming for gross proceeds of up to $1,683,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at $0.12 for 24 months [1] - The company may pay eligible finders a cash commission of 7% of the gross proceeds and issue broker warrants equal to 7% of the units issued [2] - The net proceeds from the private placement will be used to initiate a drilling program at the Esquilache Project in Peru and for general working capital [3] - All securities issued will be subject to a hold period of four months plus a day from the issuance date [3] Company Overview - Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, listed on the TSX Venture Exchange [5] - The company operates in key mining jurisdictions, including Peru and Australia [5]
Goldstorm Metals Announces $1.0 Million Private Placement Financing with Participation by Eric Sprott
Newsfile· 2025-06-05 21:49
Core Points - Goldstorm Metals Corp. announced a non-brokered private placement offering of units at a price of $0.07 per unit for total gross proceeds of up to $1,000,000 [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 one common share at an exercise price of $0.10 for 24 months [2] - The company may pay finders a fee in cash, finder's warrants, or both, based on the proceeds raised from the offering [3] - All securities issued will be subject to a four-month hold period and the offering is subject to regulatory approval [4] Group 2: Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in the Golden Triangle of British Columbia, known for high-grade gold deposits [5] - The company's flagship projects, Crown and Electrum, cover approximately 16,469 hectares across six concessions, with strategic locations near major gold deposits [5]
Carlton Precious Announces Upsize of Non-Brokered Private Placement for Gross Proceeds Up To $1.5 Million
Globenewswire· 2025-05-23 15:40
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) (“Carlton” or the “Company”) is pleased to announce that as a result of investor demand, the Company has increased the maximum gross proceeds of its previously announced non-brokered private placement (the “Private Placement”) from $1,035,000 to $1,500,000. The revised Private Placement is comprised of the sale of up to ...
Carlton Precious Announces Non-Brokered $1 Million Private Placement
Globenewswire· 2025-05-12 23:54
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 12, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) (“Carlton” or the “Company”) announces that it will undertake a non-brokered private placement to raise up to $1,035,000 through the issuance of up to 11,500,000 units (the “Private Placement”), each Unit being priced at $0.09 and comprising one common share and one-half common share purchase warrant (each whole warrant, ...
Pampa Metals and Rugby Resources Close Private Placements
Globenewswire· 2025-03-27 20:30
Group 1: Pampa Metals Private Placement - Pampa Metals has closed a Private Placement, raising a total of $3,000,000 by issuing 18,750,000 Units at a price of $0.16 per Unit [2][3] - Each Unit consists of one common share and a half purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.30 for three years [2] - To date, Pampa Metals has issued 12,262,500 Units for gross proceeds of $1,962,000 and paid finder's fees of $30,240 [3] Group 2: Rugby Resources Private Placement - Rugby Resources is issuing 100,000,000 Units at a price of $0.025 per Unit, raising total gross proceeds of $2,500,000 [6] - Proceeds will be used to settle a $1 million loan, cover estimated transaction costs of $500,000 related to the acquisition by Pampa Metals, and for working capital [7] - Rugby paid finder's fees of $45,300 in connection with the Private Placement [8] Group 3: Acquisition Details - Pampa Metals is advancing a Definitive Agreement to acquire all outstanding common shares of Rugby, with a share exchange ratio of 1 Pampa share for every 6.4 Rugby shares [10][11] - Approximately 65,097,403 shares of Pampa Metals will be issued in exchange for all outstanding Rugby shares based on current share counts [11] Group 4: Related Party Transactions - Pampa Metals' President & CEO participated in the Private Placement with a $100,000 investment, classified as a related party transaction [4] - Rugby's insiders participated in the Private Placement for a total of 280,000 Units, also considered a related party transaction [9]