Workflow
Exploration Mining
icon
Search documents
Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs
Newsfile· 2025-12-05 08:01
Core Viewpoint - Adelayde Exploration Inc. has successfully closed a private placement financing, raising a total of $2,017,000 to fund multiple work programs in 2026 [1][2]. Financing Details - The company closed a non-brokered private placement of 9,675,000 non-flow-through units (NFT Units) at $0.10 each, generating gross proceeds of $967,500 [1]. - Additionally, 8,073,078 flow-through units (FT Units) were sold at $0.13 each, resulting in gross proceeds of $1,049,500 [1]. - The total gross proceeds from both offerings amount to $2,017,000 [1]. Unit Composition - Each NFT Unit consists of one common share and one transferable common share purchase warrant, allowing the purchase of one NFT Share at $0.20 for five years [2]. - Each FT Unit includes one flow-through common share and one NFT Share purchase warrant, permitting the purchase of one NFT Share at $0.25 for two years [2]. Finder's Fees and Warrants - The company paid cash finder's fees totaling $71,160 and issued 618,000 NFT Finder's Warrants, allowing the purchase of one NFT Share at $0.20 for two years [3]. - Additionally, 72,000 FT Finder's Warrants were issued, with the same purchase terms as the NFT Finder's Warrants [3]. - A total of 540,000 common shares were also issued as part of the finder's compensation [3]. Use of Proceeds - Proceeds from the FT Offering will be allocated to the company's existing properties in Canada, while net proceeds from the NFT Offering will support general working capital [4].
Adelayde Announces Flow-Through and Non-Flow-Through Private Placements
Newsfile· 2025-11-12 21:03
Core Points - Adelayde Exploration Inc. is conducting a non-brokered flow-through private placement to raise up to $1,000,000 at a price of $0.13 per unit and a non-flow-through private placement to raise up to $1,500,000 at a price of $0.10 per unit [1] - The flow-through units will consist of one flow-through common share and one transferable share purchase warrant, while the non-flow-through units will consist of one common share and one transferable share purchase warrant [1] - Proceeds from the flow-through shares will be allocated to the company's existing properties in Canada, while net proceeds from the non-flow-through private placement will be used for general working capital [1] Financial Details - The flow-through private placement aims to raise $1,000,000, while the non-flow-through private placement targets $1,500,000 [1] - Each flow-through unit includes a warrant to purchase a non-flow-through common share at $0.25 for two years, and each non-flow-through unit includes a warrant to purchase a common share at $0.20 for five years [1] Regulatory Information - All securities issued in connection with the private placements will be subject to a statutory hold period of four months and one day after closing [1] - Finder's fees may be paid to eligible finders in connection with the private placements [1]
Kirkland Lake Discoveries Announces Closing of Non-Brokered Private Placement for $12,721,316
Newsfile· 2025-10-22 21:09
Core Viewpoint - Kirkland Lake Discoveries Corp. has successfully closed a non-brokered private placement, raising a total of $12,721,316.65 through the issuance of various units and shares, which will be used to advance exploration activities in the Kirkland Lake region [1][2][6]. Group 1: Financing Details - The Offering included the issuance of 7,600,000 charity flow-through units at $0.37 each, 25,529,727 hard dollar units at $0.25 each, and 11,756,283 flow-through shares at $0.30 each [1]. - Each Unit consists of one common share and one-half of a common share purchase warrant, with a warrant exercise price of C$0.40 for 36 months [2]. - An insider acquired 4,000,000 FT Units for $1,480,000, qualifying the transaction as a related party transaction under MI 61-101 [3]. Group 2: Use of Proceeds - Funds from FT Units and FT Shares will be allocated to eligible Canadian exploration expenses, while proceeds from Units will be used for general corporate purposes [6]. Group 3: Marketing and Exploration Strategy - The Company has entered into a marketing contract with Revolution Small Cap Marketing for a term of 365 days, with a payment of $100,000 plus applicable taxes [8][9]. - Kirkland Lake Discoveries Corp. has a 400-km² exploration portfolio in the Kirkland Lake region, focusing on drill-ready targets supported by historical mineral showings and geophysical anomalies [10][11].