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Goldcliff Announces Closing of Fourth and Final Tranche of its LIFE Offering
Accessnewswire· 2025-12-04 19:30
Core Viewpoint - Goldcliff Resource Corporation has successfully closed its fourth and final tranche of a non-brokered private placement, raising a total of $427,400 through the issuance of non-flow through units and flow through shares [1][2]. Group 1: Private Placement Details - The fourth tranche involved the issuance of 240,000 non-flow through units (NFT Units) at a price of $0.06 per unit, generating proceeds of $14,400 [1][2]. - The total proceeds from all four tranches of the private placement included 240,000 NFT Units and 5,900,000 flow through shares (FT Shares), with the latter contributing $413,000 to the total [2]. - The private placement was conducted under the Listed Issuer Financing Exemption as per National Instrument 45-106 [2]. Group 2: Use of Proceeds - Proceeds from the NFT Units will be used to reimburse advances to an insider related to property payments for the Aurora West and Kettle Valley projects, as well as for general working capital [4]. - Funds raised from the FT Shares will be allocated to drilling at Kettle Valley and trenching and drill site preparation at the Ainsworth silver project, qualifying as Canadian exploration expenses [5]. Group 3: Warrant Details - Each NFT Unit consists of one common share and one half of a non-transferrable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.08 for 24 months [3]. Group 4: Regulatory and Compliance Information - No finder's fee was paid for the closing of the fourth tranche, and the closing is subject to final acceptance by the TSX Venture Exchange [6]. - The securities issued are not registered under the United States Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an exemption [6].
Goldcliff Announces Unit and Flow Through "LIFE" Offerings
Accessnewswire· 2025-10-21 01:45
Core Viewpoint - Goldcliff Resource Corporation is proposing a non-brokered private placement to raise up to $730,000 through the issuance of units and flow-through shares [1] Group 1: Private Placement Details - The private placement will consist of up to 4,000,000 NFT Units priced at $0.06 each, with each unit including one common share and one half of a non-transferrable warrant [1] - Each whole warrant will allow the holder to acquire an additional common share at an exercise price of $0.08 for a period of 24 months from the closing date [1] - Additionally, the company plans to issue up to 7,000,000 flow-through shares at a price of $0.07 each, qualifying as flow-through shares under the Income Tax Act (Canada) [1]
Emperor Metals Announces Private Placement Increase to $10 Million
Newsfile· 2025-09-12 11:30
Core Viewpoint - Emperor Metals Inc. has increased its private placement offering to up to $10,000,000 due to strong investor demand [1] Offering Details - The offering will consist of Common Units and Flow-Through (FT) Units, with a maximum of 15,000,000 Common Units priced at $0.20 each and up to 25,000,000 FT Units priced at $0.28 each, aiming for gross proceeds of $3,000,000 and $7,000,000 respectively [9] - The Agents have an option to increase the offering size by an additional 15% prior to closing [2] - Each Common Unit includes one Common Share and one-half of a Warrant, while each FT Unit includes one FT Share and one-half of a Warrant [3] Regulatory and Compliance - The Offered Securities will be available under the "listed issuer financing exemption" in Canada and may also be offered in the U.S. and other jurisdictions through private placements [4] - The securities issued under the offering are not expected to be subject to a hold period in Canada [5] Use of Proceeds - The net proceeds from the offering will be allocated to advance the Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital [7] Agent Compensation - The Corporation will pay the Agents a cash commission of 6.0% of the gross proceeds and issue warrants to acquire Common Shares equal to 6.0% of the total number of Offered Securities [8] Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [11] - The company aims to unlock the resource potential of its Duquesne West Gold Project and Lac Pelletier Project [11]