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Emperor Metals Announces $6.5 Million "Best Efforts" Private Placement
Newsfile· 2025-09-10 11:30
Core Viewpoint - Emperor Metals Inc. has entered into an agreement with SCP Resource Finance LP to act as lead agent for a financing offering aimed at raising gross proceeds of up to $6,500,080 [1][2] Financing Details - The offering consists of up to 12,500,000 Common Units priced at $0.20 each for gross proceeds of up to $2,500,000 and up to 14,286,000 flow-through units priced at $0.28 each for gross proceeds of up to $4,000,080 [8] - The Agents have an option to increase the offering size by up to an additional 15% prior to closing [2] Use of Proceeds - Net proceeds from the offering will be utilized to advance the Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital [10] Project Potential - The company has reported a Maiden Mineral Resource Estimate at the Duquesne West Property, effectively doubling the historical resource, indicating significant growth potential through targeted exploration [4][5] - Recent drilling results include 21.7 meters of 35.2 g/t Au and 10.8 meters of 15.8 g/t Au, highlighting the scale and quality of the deposit [5] Regulatory and Compliance - The Offered Securities will be available under the "listed issuer financing exemption" and may also be offered in the United States through private placements [6][10] - Closing of the offering is expected around October 7, 2025, subject to regulatory approvals [12] Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [13] - The company is led by experienced professionals with a strong track record in advancing mining projects [14]
Pambili Closes First Tranche Of C$1-Million Private Placement
Thenewswire· 2025-08-27 18:20
Core Viewpoint - Pambili Natural Resources Corporation has secured C$138,500 as the first tranche of a C$1-million non-brokered private placement, aimed at supporting its operations and financial reporting requirements [1][4]. Funding Details - The first tranche consists of 2,770,000 Units, each priced at C$0.05, which includes one common share and one warrant with an exercise price of C$0.10, valid for one year [2][3]. - The total proceeds from the tranche will be allocated to various expenses, including C$90,000 for audit fees, C$15,000 for accounting fees, C$15,000 for legal fees, C$8,500 for filing fees, and C$10,000 for general and administrative costs [4]. Regulatory Context - The company is currently under a Failure to File Cease Trade Order (FFCTO) issued by the Alberta Securities Commission, and it has applied for a partial revocation to facilitate the closing of the tranche [2][4]. - The completion of the offering is contingent upon the approval from the Alberta Securities Commission and the TSX Venture Exchange [2][4]. Management Commentary - The CEO of Pambili expressed optimism regarding the company's gold projects in Zimbabwe, highlighting the potential for growth in the current high gold price environment [5].
Maritime Announces Repayment of Senior Secured Notes Due August 14, 2025
Newsfile· 2025-07-29 22:00
Group 1 - Maritime Resources Corp. has fully repaid the US$5 million principal amount of its senior secured notes due August 14, 2025, along with accrued interest for July 2025 [1][2] - The repayment was funded through proceeds from a recently completed brokered private placement offering of common shares [1] - The company is now debt-free following the repayment of the notes [2] Group 2 - Maritime Resources Corp. is focused on advancing the Hammerdown Gold Project in Newfoundland and Labrador, a prominent mining jurisdiction [2] - The company holds a 100% interest in the Hammerdown gold mine and the Orion gold project, along with over 439 km² of exploration land [2] - Maritime owns mineral processing assets in the Baie Verte mining district, including the Pine Cove mill and the Nugget Pond gold circuit [2]
Emperor Metals to Participate in THE Mining Investment Event of the North, June 3-5, Quebec City
Newsfile· 2025-05-29 12:00
Company Participation - Emperor Metals Inc. will participate in THE Mining Investment Event of the North, a premier mining conference in Quebec City from June 3-5, 2025 [1][2] - The event is invite-only and will host over 100 mining companies, investors, and government representatives, supported by the Government of Québec [2] Investor Engagement - Management from Emperor Metals will be available for one-on-one investor meetings during the conference [3] - Interested parties can contact Jennifer Choi for registration and meeting inquiries [3] Project Focus - The company is focused on delivering an updated Mineral Resource Estimate for its flagship Duquesne West Gold Project in Québec [4] - Work is also progressing on the recently acquired Lac Pelletier Project, which has near-term production potential [4][6] Display Participation - Emperor Metals will participate in the Coreshack display at the Salon January Lounge, showcasing core samples from its 2024 exploration campaigns [5] Company Overview - Emperor Metals Inc. is a high-grade gold exploration and development company operating in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [6] - The company aims to unlock the resource potential of its projects, led by a team with a strong track record in the mining sector [6]