Finder's Warrant
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Ares Strategic Mining Closes Second Tranche of LIFE Offering
Thenewswire· 2025-10-21 21:30
Core Viewpoint - Ares Strategic Mining Inc. has successfully closed the second tranche of its unit offering, raising a total of $5,499,850, bringing the aggregate amount raised under the LIFE Offering to approximately $10.5 million [1][2]. Group 1: Offering Details - The second tranche involved the issuance of 12,221,889 units at a price of $0.45 per unit [1]. - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each warrant exercisable at $0.55 for two years [3]. - The company amended its offering document to allow for the issuance of up to 12,222,220 units under the amended LIFE Offering [2]. Group 2: Finder's Fees - In connection with the closing of the second tranche, the company paid $267,965.98 in cash and issued 595,480 finder's warrants as finder's fees [4]. - Each finder's warrant allows the holder to acquire one common share at a price of $0.55 for two years, subject to a 4-month hold period [4]. Group 3: Hedging Arrangements - Concurrently with the second tranche closing, the company entered into hedging arrangements with Sorbie Bornholm LP, utilizing $1 million of the proceeds to acquire UK government bonds as credit support [6]. - The hedging transactions will be settled in 24 monthly tranches based on the volume-weighted average price of the common shares against a benchmark price of $0.63 [7]. - If the common share price meets or exceeds the benchmark, the company could receive more than $1 million over the settlement period [7]. Group 4: Correction of Previous Announcement - The company corrected a previous announcement regarding the exercise price of the first tranche finder's warrants, clarifying that the correct price is $0.55, not $0.45 [5].
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]
Terra Balcanica Closes Fully Subscribed LIFE Offering
GlobeNewswire News Room· 2025-08-13 16:54
Core Points - Terra Balcanica Resources Corp. has successfully closed the second and final tranche of its private placement, raising gross proceeds of C$302,581 through the issuance of 3,025,809 units at a price of C$0.10 per unit, bringing the total offering amount to C$1,117,495 [1][2][3] Financing Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$0.20 for a period of 24 months from the closing date [1] - The initial tranche of the offering was closed on July 11, 2025, raising C$814,914 through the issuance of 8,149,141 units [1] - Finders' fees of C$7,000 were paid, and 70,000 non-transferable finder's warrants were issued, also exercisable at C$0.20 for 24 months [1][2] Insider Participation - Kim Oishi, a director of the company, purchased 25,809 units in the final tranche, which is classified as a related party transaction [2] - The participation of the insider was approved by independent directors, and it does not materially change the percentage of outstanding securities owned by the insider [2] Regulatory Compliance - The private placement was conducted under the listed issuer financing exemption, and the securities issued are not subject to a hold period under Canadian securities laws [3] - However, the finder's warrants and the common shares issuable upon their exercise are subject to a hold period expiring on December 14, 2025 [3] Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration, targeting large-scale mineral systems in the Balkans and northern Saskatchewan, Canada [5] - The company holds a 90% interest in the Viogor-Zanik Project in Bosnia and has a 100% optioned portfolio of uranium-prospective licenses in Canada [5] - The company emphasizes responsible engagement with local communities and is committed to sustainable practices [5]