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Wilton Resources Inc. Announces Private Placement Financing
Newsfile· 2025-10-09 02:34
Core Viewpoint - Wilton Resources Inc. plans to issue units through a non-brokered private placement at a price of $0.35 per unit, aiming for gross proceeds of up to $850,000, primarily for corporate purposes and to acquire an international oil and gas property [1][4]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.45 for 12 months [2]. - The offering is subject to regulatory approvals, including from the TSX Venture Exchange (TSXV), and the offering price and exercise price may change [4]. - The common shares and warrants will have a statutory hold period of four months plus one day from the closing date [4]. Group 2: Insider Participation and Related Transactions - Certain insiders of the corporation may participate in the offering, which will be considered a related party transaction under Multilateral Instrument 61-101 [5]. - The corporation intends to rely on exemptions from formal valuation and minority approval requirements based on the fair market value of the offering not exceeding 25% of its market capitalization [5]. Group 3: Approval and Governance - The offering was unanimously approved by the corporation's board of directors [6].
Alaska Energy Metals Announces Non-brokered Private Placement of Units and Debt Settlement Transaction
Accessnewswire· 2025-10-08 04:00
Core Viewpoint - Alaska Energy Metals Corporation is proceeding with a non-brokered private placement to raise up to $1,000,000 through the issuance of units at a price of $0.085 per unit [1] Group 1: Private Placement Details - The company plans to issue up to 11,764,706 units in the private placement [1] - Each unit will consist of one common share and one share purchase warrant [1]
Goat Industries Announces Closing Of First Tranche Of Private Placement
Thenewswire· 2025-10-07 00:40
 Vancouver, British Columbia, Canada – October 6, 2025 – TheNewswire - GOAT Industries Ltd. (the “Company” or “GOAT”) (CSE: GOAT) (OTC: BGTTF) (FWB: 26B.F) is pleased to announce that the Company has completed the first tranche of its previously announced non-brokered private placement (“Private Placement”) of  units (“Units”) for gross proceeds of C$2,019,199.80 through the sale of 6,730,666 Units at a price of C$0.30 per Unit. Each Unit consists of one common share of the Company (a “Share”) and one-half ...
Midnight Sun Announces Further Upsize to Previously Announced “Bought Deal” Life Offering and Private Placement of Units to C$26.5 Million
Globenewswire· 2025-10-03 17:30
/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / VANCOUVER, British Columbia, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Midnight Sun Mining Corp. (TSXV:MMA, OTC:MDNGF) (“Midnight Sun” or the “Company”) is pleased to announce that it has further amended the terms of its previously announced “bought deal” LIFE offering and private placement financing to increase the size of the offering to C$26.5 million (the “Upsized Offering”). Under the terms of the Upsized Offe ...
Q-Gold Closes $11,500,000 Fully Allocated Private Placement Financing, Including Agent’s 15% Over-Allotment Option
Globenewswire· 2025-10-03 13:39
TORONTO, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce that it has closed its previously announced private placement offering of subscription receipts (each, a “Subscription Receipt”). Pursuant to an agency agreement dated October 3, 2025 (the "Agency Agreement") between the Company and BMO Capital Markets, as agent (the "Agent"), the Company issued a total 76,666,667 Subscription Receipts at a price of $0.15 per Subscription Receipt f ...
Mirasol Resources Announces Private Placement Financing
Globenewswire· 2025-10-02 21:48
Core Points - Mirasol Resources Ltd. is arranging a non-brokered private placement financing of up to 6,666,667 Units at a price of $0.45 per Unit, aiming for aggregate gross proceeds of $3.0 million [1] - Each Unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole Warrant allowing the purchase of an additional common share at $0.60 for twelve months [1] - The net proceeds will be utilized to expand exploration programs and for general corporate purposes, with potential finders' fees applicable [2] Company Overview - Mirasol Resources Ltd. has over 20 years of experience in operating, permitting, and community relations in mineral-rich regions of Chile and Argentina [3] - The company is currently self-funding exploration at the Sobek Copper-Gold project in the Vicuña Copper-Gold-Silver District of northeast Chile and is advancing a strong pipeline of early and mid-stage projects [3]
Midnight Sun Announces C$10 Million “Bought Deal” Life Offering and Private Placement of Units
Globenewswire· 2025-10-02 19:59
Core Viewpoint - Midnight Sun Mining Corp. has announced a bought deal financing agreement to raise C$10,000,800 through the sale of 7,408,000 units at C$1.35 per unit, with the offering expected to close on or about October 28, 2025 [1][6]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 for 24 months [2]. - The company has granted the underwriters an option to purchase an additional 15% of the offering, potentially raising up to C$1,500,120 [3]. - The net proceeds will be used for advancing exploration in Zambia and for working capital and general corporate purposes [3]. Group 2: Regulatory and Compliance Information - The units will be offered in all Canadian provinces except Québec, with no resale restrictions under the LIFE Exemption, while units under Private Placement Exemptions will have a hold period of four months and one day [4][5]. - The offering is subject to necessary approvals, including conditional listing approval from the TSX Venture Exchange [6]. Group 3: Compensation and Fees - The company will pay the underwriters a cash commission of 6.0% of the gross proceeds and issue transferable compensation options equal to 6.0% of the aggregate number of units sold [7]. Group 4: Company Overview - Midnight Sun is focused on exploring the Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [10]. - The project is adjacent to significant copper mining operations, including First Quantum's Kansanshi Mine, and aims to discover and develop new copper deposits [10].
Falco Announces Bought Deal Private Placement for Gross Proceeds of $10 Million
Globenewswire· 2025-09-30 00:35
Core Points - Falco Resources Ltd. has entered into an agreement with Cantor Fitzgerald Canada Corporation for a bought deal private placement of 31,250,000 units at a price of $0.32 per unit, aiming for total gross proceeds of $10,000,000 [1][4] - Each unit consists of one common share and one half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at $0.46 within 18 months after the closing date [2] - The corporation may increase the offering size by up to 4,687,500 units for additional gross proceeds of $1,500,000 [3] Use of Proceeds - The net proceeds from the sale of units will be used for advancing the Horne 5 Project in Québec, as well as for working capital and general corporate purposes [4] Offering Details - The offering is expected to close around October 17, 2025, subject to necessary approvals including that of the TSX Venture Exchange [4] - The units are being offered via private placement to accredited investors in Canada and may also be offered in the United States under certain exemptions [5] Company Overview - Falco Resources is one of the largest mineral claim holders in Quebec, with approximately 67,000 hectares of land in the Noranda Mining Camp, representing 67% of the camp [8] - The main asset is the Horne 5 project, located beneath the former Horne mine, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper [8] - Osisko Development Corp. is the largest shareholder of Falco, holding a 16% interest in the corporation [8]
ReconAfrica Announces Closing of C$20.4 Million Underwritten Offering
Globenewswire· 2025-09-29 13:58
Core Viewpoint - Reconnaissance Energy Africa Ltd. has successfully completed an upsized underwritten public offering, raising gross proceeds of C$20,373,740 at a price of C$0.60 per unit, which includes the exercise of the over-allotment option [1][2] Offering Details - The offering was led by Research Capital Corporation as the lead underwriter, with participation from Canaccord Genuity Corp. and Haywood Securities Inc. [2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at C$0.72 until September 29, 2027 [3] - The net proceeds will be allocated to appraisal and exploration activities in Gabon, maintenance costs in Namibia, commitments in Angola, and general working capital [4] Management Commentary - The President and CEO expressed satisfaction with the successful closing of the offering, emphasizing its role in advancing the drilling program in Namibia and the new business plan for the Ngulu block in Gabon [5] Additional Offering Information - The offering was conducted via a prospectus supplement to the Company's base shelf prospectus, with units sold outside Canada on a private placement basis [6] - Certain insiders participated in the offering, acquiring a total of 18,400 units, which is classified as a related party transaction [7] Underwriters' Compensation - The underwriters received a cash commission of 6.0% of the gross proceeds, totaling C$1,088,428.80, along with broker warrants and an advisory fee [8] Financial Advisory Engagement - Research Capital Corporation was compensated C$120,000 and issued 166,667 units for advisory services related to the Gabon transaction and the offering [10] Corporate Developments - Mark Friesen has been appointed as Vice President of Investor Relations & Capital Markets, effective October 1, 2025, and the company granted stock options to acquire 625,000 common shares [11] Company Overview - ReconAfrica is engaged in oil and gas exploration in Namibia, Angola, and Botswana, holding petroleum licenses over approximately 13 million acres, and operates the Ngulu block offshore Gabon [12]
Tsodilo Resources Limited Closes Private Placement Financing for Units
Newsfile· 2025-09-26 21:07
Tsodilo Resources Limited Closes Private Placement Financing for UnitsSeptember 26, 2025 5:07 PM EDT | Source: Tsodilo Resources LimitedToronto, Ontario--(Newsfile Corp. - September 26, 2025) - Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) ("Tsodilo" or the "Company") is pleased to announce the closing of a non-brokered private placement financing (the "Financing") for gross proceeds to the Company of C$310,317 on September 26, 2025, through the issuance of 2,067,581 units of ...