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Aero Energy Announces Closing of Final Tranche of Non-Brokered Private Placement
TMX Newsfile· 2025-12-30 23:03
Core Viewpoint - Aero Energy Limited has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $5,000,000 through the issuance of common shares and charity flow-through shares, aimed at funding exploration and advancement of its uranium properties in North America [1][2]. Group 1: Financial Details - The final tranche included the issuance of 5,367,173 common shares at $0.23 per share, generating gross proceeds of $1,234,450, and 7,142,857 charity flow-through common shares at $0.35 per share, generating gross proceeds of $2,500,000 [1]. - Combined with the first tranche, the total gross proceeds from the offering amounted to $5,000,000, consisting of 10,869,565 common shares and 7,142,857 charity flow-through shares [2]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated to fund exploration and advancement of the company's uranium properties in Saskatchewan and Nevada, as well as for general working capital purposes [10]. - The gross proceeds from the charity flow-through shares will be used to incur eligible Canadian exploration expenses and flow-through mining expenditures related to the company's projects in Saskatchewan, with a deadline for these expenditures set for December 31, 2026 [10]. Group 3: Company Overview - Aero Energy Limited, following its merger with Kraken Energy Corp., has established a strong portfolio of uranium assets in North America, including significant projects in Saskatchewan's Athabasca Basin [5]. - The company controls a district-scale land package that includes the Strike and Murmac projects, which host numerous drill-ready targets, and also owns the Apex Uranium Property, Nevada's largest past-producing uranium mine [5].
Dolly Varden Silver Announces $30 Million Bought-Deal Financing
Newsfile· 2025-10-01 20:00
Core Viewpoint - Dolly Varden Silver Corporation has entered into an agreement with underwriters for a total gross proceeds of $30,034,000 through a combination of securities offerings [1][2]. Group 1: Offering Details - The LIFE Offering will consist of Common Shares and CFT Shares, generating gross proceeds of $15,084,000, contributing to the total gross proceeds of $30,034,000 [2]. - The underwriters have an option to increase the size of the offerings by up to 15% to cover overallotments, exercisable up to 2 business days before closing [2]. - The offerings are expected to close around October 23, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American [4]. Group 2: Use of Proceeds - Net proceeds from the sale of Common Shares will be allocated for working capital and general corporate purposes [3]. - Gross proceeds from CFT Shares and FT Shares will be directed towards exploration, mineral resource expansion, and drilling at the Kitsault Valley project, along with working capital as permitted [3]. Group 3: Share Details - The offerings include 2,300,000 Common Shares at $6.50 each, 750,000 CFT Shares at $9.42 each, and 990,000 FT Shares at $8.10 each [8]. - FT Shares will be offered to accredited investors with a statutory hold period of four months and one day from closing [6]. Group 4: Existing Agreements - Hecla Canada Ltd. and Fury Gold Mines Ltd. have the right to acquire Common Shares at $6.50 each to maintain their pro rata equity interests in the Company [7].