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Fury Announces Up to C$12 Million Brokered Financing
Globenewswire· 2025-09-22 11:19
Core Viewpoint - Fury Gold Mines Limited has announced an agreement with Haywood Securities Inc. to sell Charity FT Units and Traditional FT Shares, aiming to raise up to C$12,000,000 for exploration expenses [1][6]. Group 1: Offering Details - The Offering includes Charity FT Units priced at C$1.21 and Traditional FT Shares priced at C$1.00 [1]. - Each Charity FT Unit consists of one Charity FT Share and one-half of a Warrant, with the Warrant allowing the purchase of one Share at C$1.20 for 24 months [2]. - An over-allotment option allows the Agents to sell an additional 15% of the total units and shares issued in the Offering [3]. Group 2: Regulatory and Financial Information - The Offering will utilize the LIFE Exemption under Canadian securities laws, allowing for no resale restrictions [4]. - Proceeds will be allocated to "Canadian exploration expenses" qualifying as "flow-through mining expenditures" by December 31, 2026 [6]. - The Offering is expected to close around October 10, 2025, pending necessary approvals [7]. Group 3: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant shareholding in Dolly Varden Silver Corp [9]. - The company aims to expand its gold platform through rigorous project evaluation and exploration [9].
Pan American Announces LIFE Offering and Concurrent Private Placement Offering
Globenewswire· 2025-08-29 20:58
Core Viewpoint - Pan American Energy Corp. has announced a shift from its previously planned private placement to a new non-brokered private placement under the "listed issuer financing exemption," aiming for gross proceeds of up to C$2,000,000 through the LIFE Offering and an additional C$1,000,000 from a concurrent offering [1][8]. Group 1: LIFE Offering Details - The LIFE Offering will consist of a minimum of 753,333 and a maximum of 1,333,333 charity flow-through units priced at C$0.75 each, and up to 2,000,000 non-flow-through units priced at C$0.50 each, targeting minimum gross proceeds of C$565,000 and maximum gross proceeds of C$2,000,000 [2]. - Each Charity FT Unit includes one flow-through share and one common share purchase warrant, allowing the holder to acquire one common share at C$0.85 for 24 months post-closing [3]. - Each NFT Unit consists of one non-flow-through common share and one share purchase warrant, enabling the holder to acquire one common share at C$0.65 for 24 months following the closing [4]. Group 2: Use of Proceeds - Proceeds from the Charity FT Units will be allocated to Canadian Exploration Expenses qualifying as flow-through mining expenditures, while proceeds from the NFT Units will fund exploration expenses for existing projects and general working capital [5][10]. Group 3: Offering Structure and Timeline - The LIFE Offering is available to purchasers in all Canadian provinces except Quebec, and the shares offered are expected to be immediately free tradeable under Canadian securities legislation [6]. - The closing of the Offering is anticipated around October 6, 2025, subject to necessary regulatory approvals [11]. Group 4: Company Background - Pan American Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [13]. - The company has acquired a 75% interest in the Big Mack Lithium Project and is pursuing a 100% interest in the Tharsis REE Project, which is prospective for rare earth and high field strength elements [14].