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Goldstorm Metals Announces Closing of Upsized Non-Brokered Private Placement Financing for Approximately $2.1 Million, with Participation by Eric Sprott
Newsfile· 2025-06-27 13:07
Core Viewpoint - Goldstorm Metals Corp. has successfully closed a non-brokered private placement financing, raising approximately $2.1 million, with notable participation from strategic investor Eric Sprott [2][5]. Financing Details - The private placement generated gross proceeds of $2,088,973.75, consisting of 15,441,483 non-flow-through units sold at $0.07 each, totaling $1,080,903.81, and 9,999,999 flow-through units sold at $0.1008 each, totaling $1,007,999.90 [2][3]. - Each non-flow-through unit includes one common share and one-half of a warrant, while each flow-through unit includes one common share and one-half of a warrant [3]. Warrant Information - Each warrant allows the holder to purchase one common share at an exercise price of $0.10 for 24 months, with an acceleration clause if the common shares reach a closing price of $0.20 for ten consecutive trading days [4]. Strategic Investor Participation - Eric Sprott, through his corporation, acquired 3,571,428 common shares and 1,785,714 warrants, qualifying as a related-party transaction [5]. Use of Proceeds - Net proceeds from the sale of non-flow-through units will be allocated for working capital and general corporate purposes [6]. - Gross proceeds from flow-through units will be used for Canadian exploration expenses, with a commitment to incur qualifying expenditures by December 31, 2026 [7]. Finder's Fees - The company paid cash commissions of $45,746.44 to finders and issued 651,377 non-transferable finder's warrants, each allowing the purchase of one common share at $0.1008 for 24 months [8][9]. Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, holding a significant land position in British Columbia's Golden Triangle, known for high-grade gold deposits [10].
Carlton Precious Announces Closing of Private Placement
Globenewswire· 2025-06-12 17:48
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF) ("Carlton" or the "Company") is pleased to announce that, further to its press releases of May 12, 2025, May 23, 2025 and June 9, 2025, it has successfully closed its non-brokered private placement through the issuance of 18,176,888 units (each, a "Unit") in the capital of the Company at a price of $0.09 per Unit for gr ...
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to $1.8 Million, with Participation by Eric Sprott
Newsfile· 2025-06-09 12:53
Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to $1.8 Million, with Participation by Eric SprottJune 09, 2025 8:53 AM EDT | Source: Goldstorm Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce that, due to strong investor demand, it intends to increase the size of the Company's previously announced non-brokered private placement ...
Tudor Gold Announces Closing of $14.95 Million Financing, with Participation by Eric Sprott
Newsfile· 2025-05-29 17:34
Core Viewpoint - Tudor Gold Corp. has successfully closed a financing round, raising approximately $14.95 million through a brokered offering and private placement, with participation from notable investor Eric Sprott [1][2]. Financing Details - The financing included the issuance of 10,158,045 non-flow-through units at a price of $0.50 per unit, 8,333,500 flow-through units for charitable purchasers at $0.75 per unit, and 6,034,752 flow-through units at $0.60 per unit [6]. - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes, while the gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek property [3][4]. Investor Participation - Eric Sprott, through his corporation, acquired 2,000,000 Common Shares and 1,000,000 Warrants as part of the financing [2]. - Related parties purchased a total of 2,227,000 Common Shares and 1,113,500 Warrants, which are classified as related party transactions [10]. Use of Proceeds - The funds raised will be utilized for exploration activities on the Treaty Creek project, which is located in British Columbia's Golden Triangle [4][11]. - The Company has committed to indemnifying subscribers for any additional taxes resulting from the Canada Revenue Agency's potential reduction of Qualifying Expenditures [4]. Regulatory Compliance - The Offerings are subject to final approval from the TSX Venture Exchange and adhere to Canadian securities laws, including a four-month hold period for the FT Units and underlying securities [8].
Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric Sprott
Newsfile· 2025-05-15 20:53
Tudor Gold Announces Upsize of Financing and Full Exercise of Over-Allotment Option for a Total of $14.95 Million, with Participation by Eric SprottMay 15, 2025 4:53 PM EDT | Source: Tudor Gold Corp.Base Shelf Prospectus Accessible and Prospectus Supplement to be Accessible on SEDAR+ within 1 Business DayNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Tudor Gold Corp. (TSXV: TUD) (F ...
TUDOR GOLD Appoints Joe Ovsenek as President and CEO and Augments Its Executive Team
Newsfile· 2025-05-12 08:00
Core Viewpoint - Tudor Gold Corp. has appointed Joe Ovsenek as President and CEO, enhancing its executive team to drive growth and development in the mining sector [1][2][3] Executive Team Augmentation - The new executive team includes Joe Ovsenek as President and CEO, Ken McNaughton as Vice President of Project Development, and Michelle Romero as Vice President of External Affairs [1][2] - Joe Ovsenek has a proven track record in advancing mining projects, notably leading the Brucejack Mine from discovery to commercial production in under eight years [2] Strategic Focus - The company aims to leverage its experienced team to advance the Goldstorm Deposit at Treaty Creek, which is seen as a cornerstone asset with strategic advantages such as excellent infrastructure access and strong community relationships [3] - The Treaty Creek project spans 17,913 hectares and is located in British Columbia's Golden Triangle, an area known for its rich mineral deposits [4]