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Star Copper Announces $3 Million Non-Brokered LIFE Offering
Accessnewswire· 2025-11-20 18:50
Core Viewpoint - Star Copper Corp. is planning a non-brokered private placement to raise up to C$3,000,000 through the sale of 3,000,000 units at a price of C$1.00 per unit [1] Group 1: Private Placement Details - The private placement aims to generate gross proceeds of up to C$3,000,000 [1] - The offering will consist of up to 3,000,000 units, with each unit priced at C$1.00 [1] - Each unit will include one common share and one common share purchase warrant [1]
NevGold Announces C$10M Brokered Private Placement Financing
Globenewswire· 2025-11-06 15:31
Core Points - NevGold Corp has entered into an agreement with Clarus Securities Inc. for a best efforts private placement of units at a price of $0.65 per unit, aiming for gross proceeds of up to $10 million [1][4] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2][3] - The net proceeds from the offering will be used for advancing various projects including the Limousine Butte gold-antimony project in Nevada and the Nutmeg Mountain gold project in Idaho [4] Offering Details - The offering will be conducted under an agency agreement, with the agent receiving a 7.0% cash commission and 7.0% non-transferable compensation options on the units sold [3] - The closing of the offering is anticipated around November 27, 2025, subject to necessary approvals [4] - The units will be offered to purchasers in Canada, excluding Quebec, under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a hold period [5] Company Overview - NevGold is an exploration and development company focused on large-scale mineral systems in Nevada and Idaho [9][10] - The company owns a 100% interest in several projects, including Limousine Butte and Cedar Wash in Nevada, and Nutmeg Mountain and Zeus in Idaho [10]
Grande Portage Announces Non-Brokered Private Placement - Pursuant to the Listed Issuer Financing Exemption
Accessnewswire· 2025-11-04 23:55
Core Viewpoint - Grande Portage Resources Ltd. is conducting a non-brokered private placement to raise up to C$1,000,000 through the issuance of up to 4,347,826 units at a price of C$0.23 per unit, aimed at funding the exploration and development of its New Amalga Mine project in Alaska [1][5]. Financing Details - The offering consists of units, each comprising one common share and one warrant, with the warrant allowing the purchase of an additional common share at C$0.35 for 24 months [2]. - The offering is exempt from statutory hold periods in Canada, subject to limitations under the LIFE Exemption [2]. - Insiders and existing shareholders may participate in the offering [3]. Finder's Fees and Warrants - The company may pay finders' fees and issue finders' warrants to eligible persons, allowing the purchase of common shares at C$0.23 for 24 months, subject to a statutory hold period [4]. Use of Proceeds - Net proceeds from the offering will be allocated to the exploration and development of the New Amalga Mine project and for general working capital [5]. Closing Timeline - The offering may close in multiple tranches, with the first tranche expected on November 18, 2025, and the final closing by December 19, 2025, pending necessary approvals [6]. Company Overview - Grande Portage Resources Ltd. focuses on advancing the New Amalga Mine project, located approximately 25 km north of Juneau, Alaska, holding a 100% interest in the property [8]. - The New Amalga gold system is part of the Juneau Gold Belt, which has historically produced over eight million ounces of gold [8]. Mineral Resource Estimate - The updated NI 43-101 Mineral Resource Estimate indicates an Indicated Resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au and an Inferred Resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au [9].
Wilton Resources Inc. Announces Closing of Private Placement Financing
Newsfile· 2025-10-17 00:51
Core Points - Wilton Resources Inc. closed a non-brokered private placement of units at a price of $0.35 per unit, raising total gross proceeds of $782,669.90, which will be used for general corporate purposes and to pursue the acquisition of an international oil and gas property [1][5] 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] - A finder's fee of 7.0% was paid to Haywood Securities Inc. for the proceeds raised, along with 16,030 non-transferable finder's warrants, each exercisable at $0.45 for 12 months [3] Group 2: Regulatory and Compliance Information - The securities issued will be subject to a statutory hold period of four months plus one day, expiring on February 17, 2026 [4] - Insiders purchased a total of 142,857 units, which is classified as a related party transaction, and the corporation relied on exemptions from formal valuation and minority approval requirements [5]
Ares Strategic Mining Announces LIFE Private Placement Offering to raise up to $10,000,000.
Thenewswire· 2025-10-10 20:20
Core Points - Ares Strategic Mining Inc. is conducting a non-brokered private placement offering of up to 22,222,222 units at a price of $0.45 per unit, aiming for gross proceeds of up to $10,000,000 [1][4] - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with the warrant exercisable at $0.55 per share for two years [2] - The net proceeds from the offering will be used for general working capital and repayment of outstanding debts [4] Offering Details - The offering will be available to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption, which allows for no resale restrictions for Canadian residents [5] - The offering is expected to close in one or more tranches, with the final tranche anticipated to close within 45 days, subject to regulatory approvals [6] - Securities sold in connection with the offering will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [7] Additional Information - An offering document is available for prospective investors to review before making investment decisions [3] - Finders' fees may be paid to eligible persons for certain subscriptions accepted by the company [4] - The company is not obligated to update forward-looking information unless required by applicable securities laws [11]
Grizzly Extends Private Placement
Newsfile· 2025-10-10 20:15
Core Points - Grizzly Discoveries Inc. has announced a 30-day extension to its private placement offering for gross proceeds of up to $1 million, initially announced on September 11, 2025 [1][2] Private Placement Offering - The offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and Flow-Through (FT) Units at a price of $0.03 per Unit and FT Unit [2] - Each Unit includes one common share and one common share purchase warrant, allowing the holder to purchase an additional common share for $0.05, expiring either 30 days after a notice from the Company or 24 months from issuance [2] - FT Units consist of one common share and half of one warrant, issued as a "flow-through share" for tax purposes [2] Use of Proceeds - The Company plans to allocate the proceeds as follows if fully subscribed: - Mineral Property Exploration: $750,000 - Mineral Rights and Exploration Permits: $80,000 - Working Capital: $100,000 (including outstanding management fees and other accounts payable) - Corporate Overhead: $70,000 [3] Finder's Fees and Trading Restrictions - The Company may pay finders fees in cash, Units, and Warrants to registered broker dealers and others, in accordance with TSX Venture Exchange policies [4] - Common Shares and any shares issued upon exercise of the Warrants will be subject to trading restrictions for four months and one day from the date of issuance [4] Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company with a primary listing on the TSX Venture Exchange, focusing on approximately 72,700 hectares (about 180,000 acres) of precious and base metals properties in southeastern British Columbia [6] - The Company is managed by a highly experienced team with a track record of advancing exploration projects from early stages to feasibility [6]
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].
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
Core Points - Tsodilo Resources Limited has successfully closed a non-brokered private placement financing, raising gross proceeds of C$310,317 through the issuance of 2,067,581 units at a subscription price of C$0.15 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at USD$0.15 for a period of five years [2] - The proceeds will be allocated towards the advancement of the Xaudum Iron Formation project, Critical and Rare Earth Metals projects, and for general corporate purposes and working capital [4] Company Overview - Tsodilo Resources Limited is an international resource exploration company focused on finding economic metal deposits in Botswana, holding a 100% stake in the Gcwihaba project area, which includes five prospecting licenses for various metals [5]