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Forge Resources Announces $10 Million Private Placement
TMX Newsfile· 2026-02-18 12:00
Core Viewpoint - Forge Resources Corp. has announced a private placement offering of up to 10,000,000 LIFE units and up to 8,333,400 flow-through units, aiming for gross proceeds of up to $10,000,040 to fund exploration and development projects [1][10]. Group 1: Offering Details - Each LIFE Unit is priced at $0.50 and consists of one common share and one-half of a common share purchase warrant, with the warrant exercisable at $0.75 for 36 months [2]. - Each FT Unit is priced at $0.60 and includes one common share on a flow-through basis and one-half of a common share purchase warrant, also exercisable at $0.75 for 36 months [3][4]. - The total gross proceeds from the sale of FT Units will be allocated to exploration expenses qualifying as Canadian exploration expenses and flow-through mining expenditures, to be incurred by December 31, 2027 [5]. Group 2: Regulatory and Compliance - The offering is available to purchasers in all Canadian provinces except Quebec, under the LIFE Exemption and other exemptions as per National Instrument 45-106 [3][4]. - The Agent has the option to sell an additional 15% of the LIFE and/or FT Units at the offering price, exercisable up to 48 hours before the closing date [7]. Group 3: Use of Proceeds - Proceeds from the FT Units will be used for the exploration and development of the Alotta Property, while proceeds from the LIFE Units will support the La Estrella project and general working capital [10]. Group 4: Closing and Fees - The offering is expected to close on or about March 3, 2026, subject to necessary approvals [11]. - The Agent will receive a cash commission of 7.0% of the total proceeds and compensation warrants equal to 7.0% of the units issued, exercisable at $0.50 per LIFE Unit [8].
Sorrento Resources Announces Closing of $3.2 Million Brokered Private Placement Offering
Newsfile· 2025-11-18 15:43
Core Viewpoint - Sorrento Resources Ltd. has successfully closed a private placement offering, raising gross proceeds of $3.2 million to support its exploration projects in Canada [1][3]. Summary by Sections Offering Details - The private placement offering generated aggregate gross proceeds of $3,175,000, led by Research Capital as the sole agent and bookrunner [1]. - The offering included the issuance of various securities, including Premium FT Units, FT Units, and standard Units, with specific pricing and terms outlined [8]. Use of Proceeds - The gross proceeds will be allocated to eligible Canadian exploration expenses (CEE), with half designated for flow-through critical mineral mining expenditures and the other half for general exploration expenses in Newfoundland and Labrador [3]. - Net proceeds will also support ongoing exploration drilling programs, working capital, and other corporate purposes [3]. Agent Compensation - The Company paid a cash commission of $171,300 to the agent and issued 573,400 broker warrants, along with an advisory fee of approximately $6,000 and additional advisory broker warrants [4]. Insider Participation - Insiders participated in the offering, acquiring a total of 880,000 units, which constitutes a related party transaction under applicable regulations [10]. - Canal Front Investments Inc. and Alex Bugden were among the insiders involved in the offering [6][10]. Debt Settlement - The Company entered into a debt settlement agreement to settle a $50,000 loan through the issuance of 200,000 units at a price of $0.25 per unit [11]. - Commitment warrants were also issued to Canal and Kluane as part of their loan agreements [12]. Company Overview - Sorrento Resources is focused on the acquisition, exploration, and development of mineral properties in Canada, with projects including the Wing Pond, Lord Baron, PEG lithium project, and Harmsworth [14].
Sorrento Resources Provides Update on Brokered Private Placement Offering
Newsfile· 2025-11-07 19:49
Core Viewpoint - Sorrento Resources Ltd. is set to close a brokered private placement offering by November 14, 2025, with a lead order from Mr. Eric Sprott, despite delays due to budget issues related to the charity component [1][2]. Offering Details - The offering aims to raise gross proceeds of up to $4,500,000, with the potential to increase to $5,175,000 if the Agent's Option is fully exercised [2][5]. - The offering will consist of three types of units: - Premium flow-through units priced at $0.35 each, including one common share and one warrant [2]. - Flow-through units priced at $0.30 each, including one common share and half a warrant [2]. - Regular units priced at $0.25 each, including one common share and one warrant [2]. Use of Proceeds - Net proceeds from the sale of Premium FT Units and FT Units will be allocated to eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador [4]. - Proceeds from the sale of regular Units will be used for ongoing exploration drilling, working capital, and general corporate purposes [4]. Agent's Role and Fees - Research Capital Corporation will act as the sole agent and bookrunner for the offering, receiving a cash fee of 6.0% of the gross proceeds [8]. - The Agent will also receive non-transferable broker warrants equal to 6.0% of the total number of units sold, allowing the purchase of common shares at an exercise price of $0.25 for 24 months [8]. Securities Offering - The units will be offered via private placement in Canada and potentially in other jurisdictions, including the U.S., under applicable exemptions [6]. - The securities will have a hold period of four months and one day from the closing date [7]. Company Overview - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral properties in Canada, targeting precious metals, rare-earth elements, and base metals [11].
Decade Resources Ltd. Announces $1.5 Million Private Placement
Newsfile· 2025-11-04 13:00
Core Points - Decade Resources Ltd. is conducting a non-brokered private placement financing to raise up to $1,500,000 [1] - The financing will include 32,500,000 flow-through units (FT Units) priced at $0.04 each, aiming to raise $1,300,000, and 5,000,000 non-flow-through units (NFT Units) priced at $0.04 each, aiming to raise $200,000 [6] - FT Units consist of one flow-through common share and one common share purchase warrant, while NFT Units consist of one common share and one common share purchase warrant [2] Financing Details - Each warrant for FT Units allows the holder to purchase one non-flow-through common share at $0.06 for two years from issuance [1] - Each warrant for NFT Units allows the holder to purchase one additional common share at $0.05 for three years from issuance [2] - The proceeds from FT Units will be allocated to projects in British Columbia, while proceeds from NFT Units will be used for general working capital and corporate purposes [2] Finder's Fees - The company may pay finder's fees of 8% of gross proceeds from certain subscriptions, along with finder's warrants equal to 8% of the units sold [3] - Each finder's warrant will be exercisable to acquire one common share at $0.06 for two years from issuance [3] Regulatory Compliance - The private placement is subject to acceptance by the TSX Venture Exchange, and all securities will have a four-month hold period from issuance [4]
Sorrento Resources Amends Brokered Private Placement Offering
Newsfile· 2025-10-23 15:48
Core Viewpoint - Sorrento Resources Ltd. has revised its private placement offering to raise up to $4,500,000, with potential gross proceeds increasing to $5,175,000 if the Agent's Option is fully exercised [1][4]. Offering Details - The offering includes three types of units: - Premium flow-through units priced at $0.35, consisting of one common share and one warrant [1] - Flow-through units priced at $0.30, consisting of one common share and half a warrant [1] - Regular units priced at $0.25, consisting of one common share and one warrant [1] - Each whole warrant allows the purchase of one common share at an exercise price of $0.35 for up to 24 months post-closing [2]. Use of Proceeds - Net proceeds from the Premium FT Units and FT Units will fund eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador [3] - Proceeds from the regular Units will support ongoing exploration drilling, working capital, and general corporate purposes [3]. Closing and Conditions - The offering is expected to close around October 30, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [6]. - The securities will have a hold period of four months and one day from the closing date [6]. Agent's Role and Compensation - Research Capital Corporation acts as the sole agent and bookrunner, receiving a cash fee of 6.0% of gross proceeds and broker warrants equal to 6.0% of the total units sold [7].
Emperor Metals Announces Closing of $10 Million LIFE Offering
Newsfile· 2025-10-09 14:11
Core Viewpoint - Emperor Metals Inc. has successfully closed a private placement offering, raising approximately $9,943,000 to fund its exploration projects in Quebec's Southern Abitibi Greenstone Belt [1][2]. Group 1: Offering Details - The private placement consisted of 14,714,999 Common Units priced at $0.20 each and 25,000,000 flow-through units priced at $0.28 each [1]. - The offering was led by SCP Resource Finance LP as the lead agent, with Canaccord Genuity Corp. as part of the syndicate [2]. - The securities were issued under the Listed Issuer Financing Exemption, which allows them to be sold without a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - Proceeds from the sale of the flow-through units will be used for eligible Canadian exploration expenses related to the Duquesne West Project and Lac Pelletier Project, with a deadline for incurring these expenses by December 31, 2026 [4]. - The net proceeds from the Common Units will be allocated for general and administrative expenses and working capital [5]. Group 3: Additional Information - The agents received 2,382,899 non-transferable broker warrants as part of their compensation, each exercisable for a Common Share at an exercise price of $0.20 [6]. - Some subscribers will settle their subscriptions directly with the company, with expected closures in the coming weeks [7]. - Emperor Metals is focused on high-grade gold exploration and development, utilizing AI-driven techniques to unlock resource potential in its projects [8].
PTX Metals Inc. Announces Private Placement Amendments
Newsfile· 2025-09-16 20:30
Core Viewpoint - PTX Metals Inc. is expanding its private placement offerings to raise up to $3,500,000 through a LIFE Offering and an additional $1,500,000 through a Non-LIFE Offering, aimed at funding corporate expenses and eligible exploration activities in Ontario [1][6][2]. Group 1: LIFE Offering Details - The LIFE Offering includes hard dollar units (HD Units) priced at $0.10 each and charity flow-through units (CFT Units) priced at $0.15 each, with a total target of $3,500,000 [1][7]. - Each Unit consists of one common share and one-half of a share purchase warrant, with the warrant exercisable at $0.16 for 36 months [1]. - The proceeds from the CFT Units will be allocated to Canadian exploration expenses related to the Company's projects, with expenditures to be incurred by December 31, 2026 [3]. Group 2: Non-LIFE Offering Details - The Non-LIFE Offering aims to raise up to $1,500,000 through flow-through units (FT Units) priced at $0.135 each and an additional $500,000 through CFT Units [6]. - FT Units will also consist of one common share and one-half of a warrant, with the CFT Units having identical terms to those in the LIFE Offering [6]. Group 3: Regulatory and Insider Participation - The offerings are being conducted under the Listed Issuer Financing Exemption, allowing for no hold period under Canadian securities laws [4]. - Insiders may participate in the offerings, which will be treated as related party transactions, exempting them from certain formal valuation and minority approval requirements [9]. Group 4: Closing and Additional Information - The closing of both offerings may occur in multiple tranches, with the final closing expected on September 26, 2025, subject to regulatory approvals [8]. - Eligible finders will receive a cash fee of 7% of the gross amount raised and finder warrants equal to 7% of the units issued [10].
Bonterra Announces Upsize of Brokered Private Placement to $10.5 million
Globenewswire· 2025-06-13 21:11
Core Points - Bonterra Resources Inc. has increased the size of its brokered private placement due to strong market demand, now targeting gross proceeds of up to approximately $10,500,000 [1][4] - The offering includes three types of units: up to 22,727,272 "hard-dollar" units at $0.22 each, up to 14,583,333 "flow-through" units at C$0.24 each, and up to 6,557,377 "Premium flow-through" units at C$0.305 each [1][3] - The completion of the offering is expected on June 30, 2025, subject to customary conditions and necessary approvals [4] Use of Proceeds - The net proceeds from the offering will be used to fund ongoing operations for the next twelve months [5] - Proceeds from the sale of HD Units will be allocated for general corporate and administrative matters [6] - Gross proceeds from FT Units and Premium FT Units will be used to incur eligible "Canadian exploration expenses" as defined in the Income Tax Act (Canada) [6]