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Copper Road Announces Closing of First Tranche of Financing
Globenewswire· 2025-12-24 17:27
Core Viewpoint - Copper Road Resources Inc. has successfully closed the first tranche of its non-brokered private placement, raising a total of $545,260 through the sale of flow-through units and hard-dollar units [1][3]. Group 1: Offering Details - The first tranche consists of 9,952,447 flow-through units priced at $0.045 each and 2,435,000 hard-dollar units priced at $0.04 each [1]. - Each unit includes one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.05 within 18 months [2]. - The gross proceeds from the flow-through units will be allocated to eligible Canadian exploration expenses, specifically for the Ben Nevis Project and other Ontario properties [3]. Group 2: Related Party Transactions - An officer of the company subscribed for 222,222 flow-through units, which is classified as a related party transaction [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements due to the participation's fair market value being under 25% of the company's market capitalization [4]. Group 3: Regulatory and Financial Aspects - The completion of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [5]. - A cash commission of $40,120 will be paid to eligible finders, along with the issuance of 762,862 finder warrants, each exercisable at $0.05 for 18 months [5]. - The securities issued will be subject to a statutory hold period of four months and one day from the issuance date [5]. Group 4: Future Expectations - The second tranche of the offering is anticipated to close around December 30, 2025 [7].
Closing of Strategic Acquisitions, Total Voting Rights, and Notification of Transactions of Persons Discharging Managerial Responsibilities
Globenewswire· 2025-12-23 07:00
Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions to enhance its mineral development capabilities in Greenland, specifically through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences, forming the West Greenland Hub [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are significant steps in expanding its operations in Greenland [2]. - As part of the acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the closing shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of the company will consist of 463,648,822 common shares after the issuance of the closing shares and shares under incentive plans [8]. Admission and Trading - Applications for the admission of the closing shares to trading on AIM and the Icelandic Exchange have been made, with expected admission times set for December 30, 2025 [6]. - The shares issued are exempt from a four-month hold period in Canada due to their issuance outside of Canada [7]. Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland, with its principal asset being a 100% interest in the Nalunaq Gold mine [11].
Closing of Strategic Acquisitions, Total Voting Rights, and Notification of Transactions of Persons Discharging Managerial Responsibilities
Globenewswire· 2025-12-23 07:00
Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions, enhancing its position in Greenland's mineral sector by creating the West Greenland Hub through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are collectively referred to as the Acquisitions [2]. - As part of the Acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - Amaroq is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the Closing Shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of Amaroq will consist of 463,648,822 common shares after the issuance of the Closing Shares and shares under the company's incentive plans [8]. Admission to Trading - Applications for the admission of the Black Angel and Kangerluarsuk Closing Shares to trading on AIM and the Icelandic Exchange have been made, with expected admission dates of December 30, 2025 [6].
Lucky Announces Shares For Debt Transaction
Thenewswire· 2025-12-19 21:10
Core Viewpoint - Lucky Minerals Inc. is addressing a failure-to-file cease trade order (FFCTO) issued by the British Columbia Securities Commission due to the late submission of its annual financial statements for the fiscal year ended October 31, 2024, which were filed on October 2, 2025 [1] Group 1: Financial Situation - The company plans to settle outstanding indebtedness amounting to $1,969,391.05 through the issuance of 19,693,908 common shares at a deemed price of $0.10 per share [2] - A significant portion of the debt, totaling $1,600,293.33, consists of principal and interest for convertible debentures [2] Group 2: Related Party Transactions - Directors and officers, including Pan Ocean Consulting Ltd., will convert approximately $190,000 of their outstanding fees into about 1,900,000 common shares as part of the debt settlement [3] - The issuance of common shares to directors and officers is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from certain requirements [5] Group 3: Regulatory Approval - The transaction is contingent upon approval from the TSX Venture Exchange and the revocation of the FFCTO [6]
Copper Road Announces Amendments to Financing
Globenewswire· 2025-12-19 18:44
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSX-V: CRD) ("Copper Road" or the "Company") announces today that it is amending the terms of its non-brokered private placement offering as previously announced on December 17, 2025. The amended offering (the “Offering”) will consist of the sale of up to: (i) 8,747,500 common share units in the capital of the Company (each, a “Unit”) at a ...
Tactical Resources Announces Receipt Of Final Order Approving Arrangement With Plum Acquisition Corp. III
Accessnewswire· 2025-12-19 02:15
Core Viewpoint - Tactical Resources Corp. has received the final court order approving its business combination transaction with Plum Acquisition Corp. III and related entities, following overwhelming shareholder approval at the recent annual meeting [1] Group 1: Court Approval - The Supreme Court of British Columbia has issued a final order approving the plan of arrangement among Tactical Resources Corp., Plum Acquisition Corp. III, Plum III Amalco Corp., and Plum III Merger Corp. [1] - The final order was sought on December 18, 2025, to validate the previously announced arrangement [1] Group 2: Shareholder Approval - The arrangement was overwhelmingly approved by the shareholders of Tactical Resources Corp. at the annual general and special meeting held on December 16, 2025 [1] - This approval indicates strong support from the shareholders for the proposed business combination [1]
Searchlight Enters into Sale Agreement of Kulyk Lake and Daly Lake Projects to Monazite Metals Corp.
TMX Newsfile· 2025-12-18 12:30
Total compensation up to $1,480,000 $180,000 cash and $1,000,000 in Monazite Metals shares$300,000 payment subject to achievement of certain milestones1% Net Smelter Royalty Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that it has entered into an agreement, dated December 16, 2025 ("MMC Agreement"), with Monazite Metals Corp. ("MMC") to sell the Company's Kulyk Lake and D ...
Fuerte Announces AGM Results and Appointment of Technical Advisors
TMX Newsfile· 2025-12-17 21:55
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) ("Fuerte" or the "Company") is pleased to announce the results of voting at its Annual General and Special Meeting held December 17, 2025 in Toronto, Canada. A total of 41,536,092 common shares were voted, representing 34.30% of the issued and outstanding common shares as at the record date of the meeting. Shareholders voted in favour of all items put forward by the Company.As a result:T ...
Nevada Titan Project Exploration Update, Magnetic Survey Confirmation – 8 Targets Identified.
Globenewswire· 2025-12-17 21:29
Vancouver, British Columbia and Las Vegas, NV, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Nevada Titan Highlights See Location Map The project located approximately 26 miles southwest of Las Vegas, hosts geological features consistent with a possible porphyry-style system. See Fairchild’s Nevada Titan Deck for more detailsSurface sampling has outlined a 1.5-kilometre, discontinuous copper trend, with additional shorter copper trends identified elsewhere on the property, (See table) including the Azurite (4.34-15.7% ...
Morien Announces Closing of $1.6 Million Non-Brokered LIFE Financing
Globenewswire· 2025-12-17 13:30
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES HALIFAX, Nova Scotia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Morien Resources Corp. (“Morien” or the “Company”) (TSX-V: MOX) is pleased to announce that it has closed its previously announced non-brokered Listed Issuer Financing Exemption offering (the “LIFE Offering”), raising gross proceeds of $1,600,000 through the issuance of 8,888,889 common shares (the “Common Shares”) of the Company at a price of $0.18 per sh ...