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RJK Explorations Ltd. Announces Upsize of Private Placement
TMX Newsfile· 2026-01-29 23:14
Core Viewpoint - RJK Explorations Ltd. has increased the size of its private placement offering to raise up to $160,000, with additional units being offered at varying prices [1]. Group 1: Offering Details - The offering will consist of 5,200,000 units at $0.025 per unit and an additional 1,000,000 units at $0.03 per unit [1]. - Each unit includes one common share and one warrant, with each warrant allowing the purchase of one common share at $0.05 for five years [1]. - The company plans to allocate 80% of the proceeds for working capital and general corporate purposes, and 20% for its exploration program [1]. Group 2: Closing Conditions - The offering is subject to customary closing conditions, including approval from the TSX Venture Exchange [2]. - The closing may occur in multiple tranches and is not contingent on a minimum amount of gross proceeds [2]. - Securities issued will have a hold period of four months and one day as per Canadian securities laws [2]. Group 3: Regulatory Information - The securities offered are not registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without registration or an exemption [3]. - The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the accuracy of the release [4].
RJK Explorations Ltd. Announces Private Placement for Gross Proceeds up to $130,000
TMX Newsfile· 2026-01-23 21:18
Core Viewpoint - RJK Explorations Ltd. is initiating a non-brokered private placement to raise gross proceeds of up to $130,000 through the sale of units priced at $0.025 each, with a significant portion allocated for working capital and exploration programs [1][2]. Group 1: Offering Details - The Offering will consist of units, each comprising one common share and one purchase warrant, with the warrant allowing the purchase of an additional common share at $0.05 for five years [1]. - The Company plans to allocate 80% of the proceeds for working capital and general corporate purposes, while 20% will fund its exploration program [1]. - The Offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and may close in multiple tranches without a minimum gross proceeds requirement [2]. Group 2: Insider Participation - Certain insiders may participate in the Offering, which will be classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The Company intends to rely on exemptions from formal valuation and minority approval requirements, as insider participation is not expected to exceed 25% of the Company's market capitalization [3]. Group 3: Regulatory and Legal Considerations - The securities offered have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the United States without registration or an applicable exemption [4]. - The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the release [5].
Olivut Resources Ltd. Share Option Grant
Globenewswire· 2025-05-02 13:14
Company Overview - Olivut Resources Ltd. is a diamond exploration company with a 100% mineral interest in the HOAM Project and a 50% interest in the Seahorse Project, both located in Canada's Northwest Territories [2]. Stock Options Grant - The company has granted stock options to certain Directors, Officers, and Consultants to purchase up to 3,415,000 common shares at an exercise price of $0.05 per share, with options expiring on April 30, 2035 [1][2]. Regulatory Approval - The grant of stock options is subject to regulatory approval, including that of the TSX Venture Exchange [2].
Arctic Star to Defend Notice of Action
Thenewswire· 2025-04-29 13:30
Core Viewpoint - Arctic Star Exploration Corp. is facing a litigation claim filed by Robert and Sandy Shindleman, seeking damages of $600,000 plus punitive damages and costs related to a private placement conducted in 2015 [1][2][3] Group 1: Litigation Details - The litigation claim alleges that the 2015 private placement did not qualify as an eligible flow-through offering under the Income Tax Act (Canada) [2] - The company intends to vigorously defend itself against these allegations and denies any liability as claimed [3] Group 2: Company Overview - Arctic Star is primarily a diamond exploration company, having recently discovered five new kimberlites in the Lac De Gras kimberlite field, which supports two multi-billion dollar kimberlite mining complexes [4] - The company holds a 958 Ha exploration permit for its Timantti project in Kuusamo, Finland, which contains several diamond-bearing kimberlites [4]
Arctic Star Announces Application for a Management Cease Trade Order
Thenewswire· 2025-04-22 20:15
Core Viewpoint - Arctic Star Exploration Corp. is unable to file its annual financial statements by the April 30, 2025 deadline due to issues with its Finnish subsidiary, Foriet Oy, and expects to file by May 30, 2025 [1][2]. Group 1: Financial Reporting - The annual financial statements for the year ended December 31, 2024, including management discussion and analysis, are not expected to be filed by the required deadline [1]. - The delay in filing is attributed to difficulties in preparing financial statements for Foriet Oy, which must be audited before consolidation [2]. - The company is working with its accounting staff and external auditors to expedite the filing process [2]. Group 2: Regulatory Actions - Arctic Star has applied for a management cease trade order to restrict trading of its securities by the CEO and CFO until the filing issues are resolved [3]. - The company will provide updates following the decision on the cease trade order application [3]. Group 3: Company Overview - Arctic Star is primarily a diamond exploration company, having recently discovered five new kimberlites in the Lac De Gras kimberlite field, which supports two multi-billion dollar mining complexes [3]. - The company holds a 958 Ha exploration permit for its Timantti project in Kuusamo, Finland, which contains several diamond-bearing kimberlites [3]. - Arctic Star continues to seek additional diamond exploration opportunities [3].