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CanCambria Energy Announces Private Placement Offering of Units to Raise up to $2 Million
TMX Newsfile· 2026-01-05 13:00
Core Viewpoint - CanCambria Energy Corp. plans to issue up to 5,000,000 units at a price of $0.40 per unit, aiming for gross proceeds of up to CAD$2,000,000 through a non-brokered private placement financing [1] Group 1: Offering Details - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the holder to acquire an additional common share at an exercise price of $0.50 for three years [1] - The offering may include a finder's fee of 6% of the gross proceeds in cash and non-transferable finder's warrants, which also allow the acquisition of common shares at $0.50 for three years [2] - The offering will be conducted under available prospectus exemptions as per applicable securities laws [3] Group 2: Insider Participation - Certain insiders of the company may participate in the offering, which will be considered a related party transaction [4] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements, as insider participation will not exceed 25% of the fair market value of the company's market capitalization [4] Group 3: Closing and Use of Proceeds - The offering may close in one or more tranches, with the expected closing date around January 15, 2026, subject to regulatory approvals [5] - Net proceeds from the offering will be used for procuring long-lead items for the H2 2026 drilling program, ongoing technical resource evaluation, supporting the Joint Venture process for the BA-IX tight-gas field, and general corporate purposes [7] Group 4: Company Overview - CanCambria Energy Corp. is a Canadian exploration and production company focused on tight gas development, with a significant asset in the Kiskunhalas Project in southern Hungary [8]
Aero Energy Announces Closing of Final Tranche of Non-Brokered Private Placement
TMX Newsfile· 2025-12-30 23:03
Core Viewpoint - Aero Energy Limited has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $5,000,000 through the issuance of common shares and charity flow-through shares, aimed at funding exploration and advancement of its uranium properties in North America [1][2]. Group 1: Financial Details - The final tranche included the issuance of 5,367,173 common shares at $0.23 per share, generating gross proceeds of $1,234,450, and 7,142,857 charity flow-through common shares at $0.35 per share, generating gross proceeds of $2,500,000 [1]. - Combined with the first tranche, the total gross proceeds from the offering amounted to $5,000,000, consisting of 10,869,565 common shares and 7,142,857 charity flow-through shares [2]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated to fund exploration and advancement of the company's uranium properties in Saskatchewan and Nevada, as well as for general working capital purposes [10]. - The gross proceeds from the charity flow-through shares will be used to incur eligible Canadian exploration expenses and flow-through mining expenditures related to the company's projects in Saskatchewan, with a deadline for these expenditures set for December 31, 2026 [10]. Group 3: Company Overview - Aero Energy Limited, following its merger with Kraken Energy Corp., has established a strong portfolio of uranium assets in North America, including significant projects in Saskatchewan's Athabasca Basin [5]. - The company controls a district-scale land package that includes the Strike and Murmac projects, which host numerous drill-ready targets, and also owns the Apex Uranium Property, Nevada's largest past-producing uranium mine [5].
Bullion Gold Completes Private Placement
TMX Newsfile· 2025-12-23 21:15
Core Viewpoint - Bullion Gold Resources Corp. has successfully closed a private placement, raising $300,000 through the issuance of flow-through shares, which will be allocated for exploration activities on specific projects [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 2,727,273 flow-through units at a price of $0.11 each, resulting in gross proceeds of $300,000 [1]. - Each flow-through unit consists of one flow-through share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.13 for 24 months [2]. - A finder's fee of 8% in cash, totaling $20,000, was paid, along with the issuance of 181,818 finder's warrants, which can also be exercised at $0.13 for 24 months [3]. Group 2: Use of Proceeds and Project Information - Proceeds from the offering will be utilized for exploration expenses on the Cadillac-Extension and Terragold projects [2]. - The Cadillac-Extension project is a drill-ready VMS project, while the Terragold project is not detailed in the provided information [6][7]. - Bullion Gold holds a 100% interest in several projects, including Bousquet, Cadillac-Extension, and Bodo, with the Bousquet project optioned to Olympio Metals [6][7][8]. Group 3: Correction of Previous Information - The company corrected previously released information regarding a prior private placement, stating that 7,890,000 flow-through units were issued for gross proceeds of $394,500, rather than the previously reported figures [5].
Scottie Announces Closing of Its Previously Announced Non-Brokered Financing
Newsfile· 2025-12-03 22:00
Core Points - Scottie Resources Corp. has successfully closed a non-brokered private placement financing, issuing 11,327,420 charitable flow-through shares at a price of $2.14 per share, resulting in gross proceeds of $24,240,678.80 [1][3] - Ocean Partners UK Limited led the offering with an investment of approximately $5 million, contributing to a total of $6,903,224.84 in charitable flow-through funding [1][6] - The proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia [3] Financial Details - The cash commissions paid to finders in connection with the offering amounted to $153,450, along with the issuance of 99,000 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of $1.76 for 24 months [4] - The offering is subject to final acceptance from the TSX Venture Exchange, with all securities issued being subject to a hold period expiring on April 4, 2026 [5] Shareholder Information - Following the investment, Ocean Partners' ownership increased from approximately 10.87% to 13.51% of the company's issued and outstanding common shares [6] - The investment by Ocean Partners is classified as a related-party transaction, and the company is relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [9] - The company also owns the Georgia Project and the Cambria Project properties, totaling approximately 58,500 hectares of mineral claims in the Stewart Mining Camp within the Golden Triangle of British Columbia [10][11]