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Cherry Hill Mortgage: The Buy Case For The Common And Series A Preferred Shares
Seeking Alphaยท 2025-08-13 23:51
Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, which sparked a long-lasting interest in markets and the economy [1] - Recently, the author has been combining long stock positions with covered calls and cash secured puts, indicating a strategic approach to investment [1] - The investment philosophy is fundamentally long-term, with a primary focus on REITs and financials, along with occasional insights on ETFs and other stocks influenced by macroeconomic trends [1]
O2Gold Provides Update on Quebec Aur Transaction; Upsizes Private Placement Financing
Globenewswireยท 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].
Hercules Metals Announces C$15 Million Financing
GlobeNewswire News Roomยท 2025-07-28 23:35
Core Viewpoint - Hercules Metals Corp. has announced a private placement offering of up to 21,430,000 common shares at a price of C$0.70 per share, aiming to raise gross proceeds of up to C$15,001,000 for exploration and development of its Hercules property in Idaho [1][3]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. and BMO Capital Markets as co-lead agents, with an option to sell an additional 3,214,500 shares for up to C$2,250,150 in gross proceeds [1]. - The shares will be offered under the Listed Issuer Financing Exemption, allowing for sales in Canada (excluding Quebec) and the United States without the need for a prospectus [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and development of the Hercules property and for general working capital purposes [3]. Group 3: Company Overview - Hercules Metals Corp. is focused on developing a new porphyry copper district in Idaho, with its 100% owned Hercules property hosting the newly discovered Leviathan porphyry copper system [7]. - The company is positioned for growth through continued drilling and has received strategic investment support from Barrick Mining Corporation [7][8].
Nexera Announces Private Placement of Units
Newsfileยท 2025-07-24 18:16
Calgary Alberta, and San Antonio, Texas--(Newsfile Corp. - July 24, 2025) - Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the "Corporation", the "Company" or "Nexera") today reported that the Corporation is proposing a non-brokered private placement offering of up to $600,000 (up to maximum of 40,000,000 common shares ("Common Shares") of the Corporation). The Common Shares are to be issued under a unit offering whereby up to a maximum of 40,000,000 units ("Units") at a subscription price of $0.015 per ...
Endeavour Silver Announces At-the-Market Offering of up to US$60 Million
GlobeNewswire News Roomยท 2025-07-10 21:42
Core Viewpoint - Endeavour Silver Corp. has entered into a sales agreement to raise up to US$60 million through the sale of common shares over approximately 24 months, utilizing various financial agents for the offering [1][2]. Group 1: Offering Details - The offering will be conducted via a prospectus supplement dated July 10, 2025, linked to the existing U.S. registration statement and Canadian base shelf prospectus [2]. - The common shares will be sold at market prices prevailing at the time of each sale, with no sales occurring on the Toronto Stock Exchange [1][2]. - The company will pay the agents a compensation of 2.00% of the gross sales price per common share sold under the sales agreement [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to advance the evaluation and development of the Pitarrilla and Parral properties, fund cash requirements during the ramp-up of operations at the Terronera project, assess potential acquisition opportunities, continue exploration at existing properties, and support working capital needs [3]. Group 3: Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [6].
Asante Closes Bought Deal Private Placement of Subscription Receipts
Globenewswireยท 2025-07-07 21:05
Core Viewpoint - Asante Gold Corporation has successfully closed a bought deal private placement, raising gross proceeds of C$236,785,000 through the issuance of 163,300,000 subscription receipts at a price of C$1.45 each, which will be used for development and growth expenditures at its mines and to settle obligations with Kinross Gold Corporation [1][12]. Financing Details - The offering was completed under an underwriting agreement with BMO Capital Markets as the lead underwriter, with a cash commission of 5.5% on gross proceeds, excluding certain sales [2]. - The gross proceeds, after deducting 50% of the underwriters' commission and related expenses, are held in escrow until specific conditions are met, including the satisfaction of the Escrow Release Condition [3][5]. - The company plans to secure a financing package that includes a US$150 million senior debt facility, a US$125 million subordinated debt facility, and a US$50 million gold stream financing [8]. Financing Package Composition - The financing package is expected to involve US$175 million from Appian Capital Advisory Ltd. and US$170 million from FirstRand Bank Limited, with specific allocations for each component of the financing [9]. - The company intends to issue common share purchase warrants to Appian as part of the financing arrangement, which will be exercisable at a price of C$1.67 per share [9]. Kinross Debt Settlement - Asante Gold plans to settle approximately US$53 million in deferred consideration owed to Kinross Gold Corporation through cash payments and the issuance of common shares to increase Kinross's equity ownership to 9.9% [10]. Use of Proceeds - The net proceeds from the offering and financing package will be allocated for development and growth at the Bibiani and Chirano mines, settling obligations to Kinross, and general working capital [12]. Corporate Updates - The company announced the retirement of its Chief Operating Officer, Adriano Sobreira, and the strengthening of its senior management team with new appointments in Ghana [15][16]. - The annual general and special meeting of shareholders has been rescheduled to October 2025 to accommodate holders of subscription receipts [18].
Nine Mile Metals Announces Private Placement Financing
Newsfileยท 2025-07-02 20:15
Core Viewpoint - Nine Mile Metals Ltd. is initiating a private placement to raise up to $400,000 through both Flow-through (FT) and Non-flow-through (NFT) units to fund exploration activities and operational expenses [1][4][6]. Group 1: Private Placement Details - The FT private placement will involve the sale of up to 12,500,000 units at a price of $0.02 per unit, aiming for gross proceeds of up to $250,000 [2]. - Each FT unit consists of one common share and one warrant, allowing the purchase of one common share at $0.05 for 36 months [2]. - The NFT private placement will consist of up to 10,000,000 units at $0.015 each, targeting gross proceeds of up to $150,000 [5]. - Each NFT unit includes one common share and one-half warrant, with each full warrant allowing the purchase of one common share at $0.05 for 36 months [5]. Group 2: Use of Proceeds - Proceeds from the FT private placement will be allocated for drilling at the Wedge Project and the California Lake East VMS Trend, specifically Target 6, along with other exploration-related expenditures [4]. - Proceeds from the NFT private placement will be used for operating expenses and general working capital [6]. Group 3: Finder's Fees - Finders for the FT private placement may receive an 8% cash commission and 8% in common share purchase warrants, exercisable at $0.05 for 36 months [3]. - Finders for the NFT private placement may also receive an 8% cash commission and 8% in common share purchase warrants, but these warrants will be exercisable for 24 months [6]. Group 4: Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [7]. - The company aims to explore its four VMS projects, positioning itself for growth in critical minerals required for EV and green technologies [7].
Prospect Park Announces Private Placement Closing
Globenewswireยท 2025-06-17 21:00
Group 1 - The Company closed a non-brokered private placement of common shares for gross proceeds of $165,000 by issuing 165,000,000 Common Shares at a price of $0.001 per share, with net proceeds intended for operational, general, and administrative purposes [1] - Three of the four directors participated in the Offering, qualifying it as a related party transaction, which was exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [2] - The Company's board of directors now consists of four individuals, with Mr. Riabov appointed as Chief Financial Officer, and the board expressed gratitude to former director Anthony Zelen and former CFO Malcolm Davidson for their contributions [3] Group 2 - The Company appointed Horizon Assurance LLP as its auditor effective June 3, 2025, and filed the necessary notices with SEDAR+ [4] - An annual general and special shareholders' meeting is scheduled for July 21, 2025, where management will seek shareholder approval for a share consolidation, an amended By-Law No. 1, and a new equity incentive plan [5]
Merchants Bancorp: Shifting Away From The Common Shares To Its Newest Preferred Share
Seeking Alphaยท 2025-06-15 16:46
Group 1 - The focus is on income investing through common shares, preferred shares, or bonds, with occasional insights on the broader economy or specific company situations [1] - The author has a background in history/political science and an MBA with a specialization in Finance and Economics, indicating a strong analytical foundation [1] - The author has been investing since 2000 and currently serves as the CEO of an independent living retirement community in Illinois, suggesting practical experience in both investment and management [1] Group 2 - There are no disclosed stock, option, or derivative positions in any mentioned companies, indicating an unbiased perspective in the analysis [2] - The article expresses personal opinions and is not influenced by compensation from any company, ensuring independence in the analysis [2] - Seeking Alpha clarifies that past performance does not guarantee future results, emphasizing the importance of independent research for investors [3]
New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million
Prnewswireยท 2025-06-03 12:45
Core Viewpoint - New Found Gold Corp. has successfully closed the first tranche of its public offering, raising a total of C$56,129,100 through the issuance of charity flow-through common shares and common shares [1][2][4]. Group 1: Offering Details - The first tranche of the offering included 15,265,000 charity flow-through common shares and 4,370,000 common shares, generating gross proceeds of C$42,079,950 [2]. - The second tranche will consist of an additional 6,135,000 charity flow-through common shares, expected to raise C$14,049,150, and is anticipated to close around June 12, 2025 [4]. - The total gross proceeds from both tranches will be used for Canadian exploration expenses related to the Queensway Gold Project [8]. Group 2: Underwriting and Fees - The offering was conducted under an underwriting agreement with a syndicate led by BMO Capital Markets and included several other financial institutions [3]. - The company paid the underwriters a cash fee of C$2,075,959, which is 5.25% of the gross proceeds from the first tranche, excluding certain sales [7]. Group 3: Use of Proceeds - Proceeds from the charity flow-through common shares will be allocated to eligible Canadian exploration expenses related to the Queensway Gold Project, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [8]. - The net proceeds from the common shares will be utilized to advance the Queensway Project and for general corporate purposes [9]. Group 4: Company Background - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [13]. - The company has completed an initial mineral resource estimate at Queensway and is currently conducting a fully funded preliminary economic assessment [13][14].