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Pelangio Exploration Announces First Tranche Closing of Private Placement for Gross Proceeds of $3,462,600
Newsfile· 2025-10-10 00:11
Core Viewpoint - Pelangio Exploration Inc. has successfully closed the first tranche of its upsized non-brokered private placement, raising gross proceeds of approximately $3,462,600 through the issuance of common shares at a price of $0.18 per share [1][2]. Group 1: Private Placement Details - The company issued a total of 19,236,668 common shares as part of the offering [2]. - The private placement was increased from an initial target of $4,000,000 to $4,500,000 [3]. - Each unit in the offering 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 a price of $0.31 for two years [3]. Group 2: Finder's Fees and Compliance - In connection with the closing, the company paid finder's fees totaling $183,402 in cash and issued 1,018,901 non-transferrable warrants to finders [4]. - Each Finder Warrant allows the purchase of one common share at a price of $0.18 for a period of twenty-four months from the initial closing date [4]. - The private placement remains subject to final approval from the TSX Venture Exchange [4]. Group 3: Company Overview - Pelangio Exploration focuses on acquiring and exploring land packages in gold-rich regions, particularly in Ghana and Canada [6]. - The company owns two significant properties in Ghana: the 100 km² Manfo property, which has eight near-surface gold discoveries, and the 284 km² Obuasi property, adjacent to AngloGold Ashanti's high-grade Obuasi Mine [6].
Canstar Completes Early Warrant Exercise Incentive Program with 100% Participation
Newsfile· 2025-09-26 11:25
Toronto, Ontario--(Newsfile Corp. - September 26, 2025) - Canstar Resources Inc. (TSXV: ROX) (OTCID: CSRNF) ("Canstar or the "Company") completed its early warrant exercise incentive program (the "Incentive Program"), as originally described in the Company's press release dated August 25, 2025, with 100% of its outstanding warrants exercised (the "Outstanding Warrants").Under the Incentive Program, a total of 10,357,369 common shares (each, a "Share") of the Company were issued upon the exercise of 10,357, ...
Vanguard Mining Announces Intention to List Warrants on the Canadian Securities Exchange
Thenewswire· 2025-09-11 20:15
Core Viewpoint - Vanguard Mining Corp. is applying to list 6,414,816 common share purchase Warrants on the Canadian Securities Exchange, following a private placement that closed on August 1, 2025 [1][2]. Group 1: Warrant Details - Each Warrant allows the holder to acquire one common share at an exercise price of $0.22 per share before February 1, 2027, subject to accelerated expiry [2]. - The Warrants are expected to trade under the symbol UUU.WT and will be governed by a warrant indenture with Endeavor Trust Corporation [2]. Group 2: Listing Process - Further details regarding the warrant listing will be provided once a trading date and CUSIP are confirmed, along with the CSE's conditional approval [3]. - The listing is subject to CSE approval and may not occur as anticipated [3]. Group 3: Company Overview - Vanguard Mining Corp. is focused on the discovery and development of high-value strategic minerals, particularly uranium exploration projects in the United States and Paraguay [4]. - The company aims to identify and develop assets that are critical to the global energy transition, emphasizing responsible exploration and value creation [4].
Canstar Announces Warrant Exercise Incentive Program
Newsfile· 2025-08-25 21:00
Core Points - Canstar Resources Inc. announces a warrant exercise incentive program for 10,357,369 outstanding common share purchase warrants [1][2] - The incentive program aims to encourage early exercise of warrants during a 30-day period from August 26, 2025, to September 25, 2025 [2] - Each holder exercising an eligible warrant during the incentive period will receive an additional common share purchase warrant at an exercise price of $0.07 for 12 months [3] Incentive Program Details - The program includes an "Acceleration Event" if the closing price of the company's shares exceeds $0.10 for ten consecutive trading days, allowing the company to accelerate the expiry of the incentive warrants [4] - Incentive warrants will be issued promptly after the incentive period ends, subject to a statutory hold period of four months and one day [5] - Unexercised eligible warrants will remain exercisable until January 23, 2026, but no incentive warrants will be issued for those exercised after September 25, 2025 [6] Company Overview - Canstar Resources Inc. is focused on critical minerals and gold, with projects including the Golden Baie Project and the Buchans and Mary March projects [8]
JJR Wood Holdings Inc. Acquires Secured Convertible Debenture and Warrants of Touchstone Exploration Inc
Newsfile· 2025-08-18 20:30
Core Points - JJR Wood Holdings Inc. acquired a US$12,500,000 principal amount secured convertible debenture and 6,250,000 common share purchase warrants in Touchstone Exploration Inc. as part of a non-brokered private placement [1] - Prior to the transaction, Mr. Wood owned approximately 0.25% of the issued and outstanding common shares of Touchstone Exploration Inc. [2] - After the transaction, Mr. Wood's ownership will increase to approximately 19.78% of the issued and outstanding common shares upon full conversion of the debenture and exercise of the warrants [2] Company Ownership - Mr. Wood beneficially owns and controls an aggregate of 644,860 common shares, 6,250,000 warrants, and the debenture post-transaction [2] - The total potential ownership after conversion and exercise will be 64,200,136 common shares [2] Investment Strategy - Mr. Wood has a long-term investment view and may acquire additional securities or sell existing shares depending on market conditions and other relevant factors [3]
O2Gold Provides Update on Quebec Aur Transaction; Upsizes Private Placement Financing
Globenewswire· 2025-08-08 01:00
Acquisition Update - O2Gold Inc. is progressing with the acquisition of a gold mining exploration property in Quebec through the purchase of Quebec Aur Ltd. [1][3] - The acquisition is part of a share exchange agreement dated April 15, 2024, and amended on November 14, 2024 [1][3]. Financing Details - The company has increased the hard dollar portion of its non-brokered private placement financing from 14 million units to 18 million units [2]. - Each unit consists of one common share and one common share purchase warrant, with an aggregate gross proceeds of $1.7 million expected from the offering [2]. - The proceeds will be used for general corporate purposes and to fund phase one exploration expenses on a 9,000 hectare claim package related to the acquisition [2]. Timeline and Conditions - The acquisition and offering are expected to close in late 2025, pending the satisfaction or waiver of certain conditions [3]. - Further details regarding the acquisition can be found in previous press releases and the management information circular sent to shareholders [3].
Avalon Announces Second Draw from Convertible Securities Agreement with The Lind Partners
Newsfile· 2025-07-21 11:00
Core Viewpoint - Avalon Advanced Materials Inc. has entered into a supplemental funding agreement to draw down an additional $1,300,000 from a $15,000,000 convertible security funding agreement with Lind Global Fund II, LP, aimed at supporting ongoing projects and general corporate purposes [1][2]. Funding Agreement Details - The second drawdown of $1,300,000 is expected to close within two weeks [2]. - The convertible security will have a two-year term with a simple interest rate of 10% per annum, resulting in a face value of $1,560,000 [3]. - Lind can convert the face value over a 24-month period at a conversion price equal to 85% of the five-day trailing volume weighted average price of Avalon's common shares prior to conversion [3]. Additional Financial Terms - Lind will receive a closing fee of $45,500 and 10,600,000 common share purchase warrants, allowing the purchase of common shares at $0.09 each for 60 months post-closing [4]. - The securities from the second drawdown will be subject to a hold period of four months and one day after closing, with conditional approval from the TSX [5]. Company Overview - Avalon Advanced Materials Inc. is focused on developing critical minerals essential for Canada's future, particularly in the lithium supply chain [8]. - The company is advancing the Lake Superior Lithium Inc. project, which is Ontario's first midstream lithium hydroxide processing facility, and is involved in other lithium and rare earth projects [8].
Vanguard Mining Announces Intention to List Share Purchase Warrants on Canadian Securities Exchange
Thenewswire· 2025-07-04 07:05
Core Points - Vanguard Mining Corp. is applying to list 12,690,001 common share purchase Warrants on the Canadian Securities Exchange (CSE) [1][2] - Each Warrant allows the holder to acquire one common share at an exercise price of $0.10 per share before February 6, 2028 [2] - The Warrants are expected to trade under the symbol UUU.WT and will be governed by a warrant indenture with Endeavor Trust Corporation [2][3] Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on discovering and developing high-value strategic minerals [4] - The company is advancing uranium exploration projects in the United States and Paraguay, targeting assets critical to the global energy transition [4] - Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties [4]