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Wilton Resources Inc. Announces Closing of Oversubscribed Private Placement Financing
TMX Newsfile· 2026-03-18 21:00
Core Viewpoint - Wilton Resources Inc. has successfully closed a non-brokered private placement, raising a total of $1,152,400, exceeding the initial target of $1,000,000, with proceeds aimed at general corporate purposes and potential acquisition of an international oil and gas property [1]. Group 1: Offering Details - The Corporation issued 3,292,571 Units at a price of $0.35 per Unit, with each Unit consisting of one Common Share and one Warrant [2]. - Each Warrant allows the holder to purchase an additional Common Share for 24 months at an exercise price of $0.40 [2]. Group 2: Finder's Fees - In connection with the Offering, the Corporation paid finder's fees totaling $57,061, which is 7.0% of the aggregate proceeds raised, along with 163,030 Finder's Warrants [3]. - Each Finder Warrant is also exercisable for one Common Share at an exercise price of $0.40 for a period of 24 months [3]. Group 3: Regulatory Information - The securities issued in the Offering are subject to a statutory hold period of four months plus one day, expiring on July 19, 2026 [4].
Fathom Nickel Announces the Closing of the Second and Final Tranche of Upsized C$4 Million Private Placement
TMX Newsfile· 2026-02-26 23:43
Core Viewpoint - Fathom Nickel Inc. has successfully closed the second and final tranche of its upsized non-brokered private placement, raising a total of C$3,999,999 through the issuance of various units, which will fund exploration activities at the Gochager Lake Project in Saskatchewan [1][5]. Group 1: Offering Details - The second tranche of the upsized offering involved the issuance of 24,970,947 non-flow through units (NFT Units) at a price of C$0.031, generating gross proceeds of C$774,099 [1]. - The first tranche raised C$2,500,000 through the issuance of 52,083,334 charity flow-through units (Charity FT Units) at C$0.048 and 48,387,076 NFT Units at C$0.031 [1]. - The total gross proceeds from both tranches amounted to C$3,999,999 [1]. Group 2: Unit Composition - Each NFT Unit consists of one common share and one transferable common share purchase warrant, exercisable for 36 months at an exercise price of C$0.05 [2]. - Each Charity FT Unit includes one flow-through common share and one transferable common share purchase warrant, also exercisable for 36 months at the same exercise price [3]. Group 3: Use of Proceeds - Proceeds from the Charity FT Units will be allocated to eligible Canadian exploration expenses related to the Gochager Lake Project, with a focus on flow-through critical mineral mining expenditures [5]. - The net proceeds from the NFT Units will be utilized for exploration and development of mineral projects, as well as for working capital and general corporate purposes [6]. Group 4: Institutional Investment - Approximately 52% of the gross proceeds raised in the upsized offering came from institutional investors, including follow-on investments from Crescat Capital LLC and Plethora Precious Metals Fund, along with a significant order from a new European-based institutional investor group [5]. Group 5: Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to secure critical mineral supplies for North America and support the global green energy transition [9]. - The company has three high-quality exploration projects in Saskatchewan: Albert Lake, Gochager Lake, and Friesen Lake, with the Gochager Lake Project hosting a historic nickel-copper deposit [9][12].
TAG Oil Announces Upsize of Offering to $10 Million to Advance Unconventional Development Activities on Its Large Oil-In-Place Resource Play at BED-1 and SERQ Concessions, Egypt
TMX Newsfile· 2026-02-03 22:36
Core Viewpoint - TAG Oil Ltd. has increased its brokered offering to $10,000,000 due to strong investor demand, with units priced at $0.10 each [1] Offering Details - The offering consists of $5,640,000 under a prospectus-exempt LIFE Offering and $4,360,000 under a private placement [1] - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.13 for 48 months [2] - The Agents have an option to increase the private placement by up to $1,500,000 [4] Use of Proceeds - Proceeds will be used for appraisal and development activities at the Badr Oil Field and Southeast Ras Qattara concessions in Egypt, as well as for working capital [3] - Specific activities include drilling a new vertical well at BED-1 and conducting a Diagnostic Fracture Injectivity Test at SERQ [3] Regulatory and Closing Information - The closing of the offerings is expected around February 16, 2026, pending necessary regulatory approvals [8] - The LIFE Offering will be available in all Canadian provinces except Quebec and other qualifying jurisdictions, including the U.S. [5][7] Agent Compensation - Agents will receive an 8.0% cash commission on gross proceeds and broker warrants equal to 8.0% of units sold [9][10]
RJK Explorations Ltd. Announces Upsize of Private Placement
TMX Newsfile· 2026-01-29 23:14
Core Viewpoint - RJK Explorations Ltd. has increased the size of its private placement offering to raise up to $160,000, with additional units being offered at varying prices [1]. Group 1: Offering Details - The offering will consist of 5,200,000 units at $0.025 per unit and an additional 1,000,000 units at $0.03 per unit [1]. - Each unit includes one common share and one warrant, with each warrant allowing the purchase of one common share at $0.05 for five years [1]. - The company plans to allocate 80% of the proceeds for working capital and general corporate purposes, and 20% for its exploration program [1]. Group 2: Closing Conditions - The offering is subject to customary closing conditions, including approval from the TSX Venture Exchange [2]. - The closing may occur in multiple tranches and is not contingent on a minimum amount of gross proceeds [2]. - Securities issued will have a hold period of four months and one day as per Canadian securities laws [2]. Group 3: Regulatory Information - The securities offered are not registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without registration or an exemption [3]. - The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the accuracy of the release [4].
Sage Potash Closes Second and Final Tranche of Unit Offering
TMX Newsfile· 2026-01-28 22:00
Core Viewpoint - Sage Potash Corp. has successfully closed a second tranche of its private placement financing, raising a total of $13,006,200 through the issuance of 65,031,000 units, which will be utilized for key project developments and working capital [1][2][3]. Financing Details - The second tranche involved the issuance of 7,595,000 units at a price of $0.20 per unit, generating gross proceeds of $1,519,000 [1]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at $0.30 for three years [2]. Use of Proceeds - Proceeds from the offering will primarily fund the implementation of recommendations from RESPEC LLC's Preliminary Economic Assessment, including drilling and engineering reviews [3]. - Additional funds will be allocated for working capital and general administrative expenses [3]. Finder's Fees and Related Party Transactions - The company paid a total of $733,704 in cash fees, issued 90,000 common shares, and 3,749,520 finder's warrants as part of the offering [4]. - Certain insiders acquired a total of 6,025,000 units, which is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [6]. Regulatory Approval - The TSX Venture Exchange has conditionally approved the offering, pending customary final filings [7]. Company Overview - Sage Potash Corp. is focused on developing its flagship Sage Plain Potash Project in the Paradox Basin, Utah, aiming to establish a sustainable domestic potash production platform [9].
Altura Energy Announces Second Upsize of Non-Brokered Private Placement to Approximately $2.925 Million
TMX Newsfile· 2026-01-26 12:30
Core Viewpoint - Altura Energy Corp. has decided to increase the size of its non-brokered private placement due to strong market demand, now issuing approximately 29,250,000 units at a price of $0.10 per unit, resulting in gross proceeds of approximately $2,925,000 [1][4]. Group 1: Offering Details - Each unit will consist of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months after the closing date [2]. - The offering will be conducted as a private placement under applicable exemptions from prospectus requirements in Canada and other jurisdictions, including the United States [3]. - The net proceeds from the offering will be used for site maintenance, additional well recompletions, working capital, and general corporate purposes [4]. Group 2: Conditions and Approvals - The offering is expected to close on or around January 30, 2026, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The securities issued will have a hold period of four months and one day from the closing date in accordance with applicable securities laws [6]. Group 3: Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction under Multilateral Instrument 61-101 [7]. - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction is not expected to exceed 25% of the company's market capitalization [7]. Group 4: Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [9].
Altura Energy Announces Non-Brokered Private Placement a Minimum of $1.0 Million
TMX Newsfile· 2026-01-20 12:30
Core Viewpoint - Altura Energy Corp. is initiating a non-brokered private placement offering of a minimum of 10,000,000 units at a price of $0.10 per unit, aiming for gross proceeds of at least $1,000,000 [1][4]. Group 1: Offering Details - Each unit will consist 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 $0.25 for up to sixty months [2]. - If the closing price of the common shares reaches or exceeds $0.75 for twenty consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days after a news release [2]. - The offering will be conducted through private placement under applicable exemptions from prospectus requirements in Canada and other jurisdictions, including the United States [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for site maintenance, additional well recompletions, working capital, and general corporate purposes [4]. Group 3: Closing and Regulatory Aspects - The offering is expected to close around January 30, 2026, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The securities issued will have a hold period of four months and one day from the closing date in accordance with applicable securities laws [6]. Group 4: Insider Participation - The company anticipates that insiders will subscribe for units, which is considered a related party transaction under Multilateral Instrument 61-101 [7]. - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the transaction is not expected to exceed 25% of the company's market capitalization [7]. Group 5: Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [9].
Green Bridge Announces Non-Brokered Private Placement for Gross Proceeds of up to C$4 Million
Accessnewswire· 2026-01-15 01:00
Core Viewpoint - Green Bridge Metals Corporation is planning a non-brokered private placement to raise gross proceeds of up to C$4,000,000 through the issuance of units priced at C$0.12 each [1] Group 1 - The Offering will consist of up to 33,333,333 units, with each unit comprising one common share and one common share purchase warrant [1]
Alaska Energy Metals Announces up to $3 Million Life Offering of Units and Updates At-The-Market Program Update
Accessnewswire· 2026-01-07 02:00
Core Viewpoint - Alaska Energy Metals Corporation is initiating a non-brokered private placement to raise funds through the issuance of units priced at C$0.11 each, aiming for gross proceeds between approximately C$2,500,000 and C$3,000,000 [1] Group 1 - The private placement will consist of a minimum of 22,727,272 units and a maximum of 27,272,727 units [1] - Each unit will include one common share and one common share purchase warrant [1]
News Release for Early Warning Report Regarding Galantas Gold Corporation
Globenewswire· 2026-01-06 23:03
Core Viewpoint - Ocean Partners Holdings Limited has acquired a significant stake in Galantas Gold Corporation, increasing its ownership to 10.7% of the total issued and outstanding Common Shares following the acquisition [1][3]. Group 1: Acquisition Details - Ocean Partners acquired 35,937,500 Units of Galantas at a price of $0.08 per Unit, which includes one Common Share and one Warrant per Unit, and an additional 7,812,500 Common Shares at the same price through a non-brokered private placement [1]. - Each Warrant allows the holder to purchase one Common Share at $0.12 for 36 months after closing [1]. Group 2: Ownership Structure - Prior to the acquisition, Ocean Partners held 5,269,447 Common Shares, representing 4.0% of the total shares on a non-diluted basis, and 1,422,222 Pre-Existing Warrants [2]. - After the acquisition, Ocean Partners now controls 49,019,447 Common Shares, equating to 10.7% of the total shares on a non-diluted basis, and could control 86,379,169 shares (17.7%) if all Warrants and Pre-Existing Warrants are exercised [3]. Group 3: Future Intentions - The acquisition was made for investment purposes, and Ocean Partners may acquire additional securities of Galantas in the future depending on market conditions and other relevant factors [4].