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Grizzly Closes First Tranche of Private Placement
TMX Newsfile· 2025-12-18 14:15
Core Viewpoint - Grizzly Discoveries Inc. has successfully closed the initial tranche of a non-brokered private placement, raising $240,000 through the sale of 8,000,000 FT Units at $0.03 each, as part of a larger offering announced previously [1][2]. Group 1: Offering Details - The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units, with each Unit comprising one Common Share and one non-transferable Warrant [2]. - Each Warrant allows the holder to purchase an additional Common Share for $0.05, expiring either 30 days after a notice from the Company or 24 months from issuance [2]. - The Offering is available to qualified subscribers in Alberta, British Columbia, Ontario, and other jurisdictions as determined by the Company [2]. Group 2: Financial Aspects - The Company paid a cash finder's fee of $14,400 and issued 240,000 Finder Warrants to GloRes Securities Inc. and Marquest Asset Management Inc. in connection with the sale of the FT Units [3]. - Following the closing of this tranche, the Company has a total of 186,602,289 common shares issued and outstanding, with trading restrictions on the Common Shares and any shares issued from the exercise of Warrants until April 18, 2026 [4]. Group 3: Company Overview - Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company focused on developing approximately 72,700 hectares (about 180,000 acres) of precious and base metals properties in southeastern British Columbia [5]. - The Company is managed by a highly experienced team with a proven track record in advancing exploration projects from early stages to feasibility [5].
Aurania Announces Non-Brokered Private Placement of up to $1.5 Million
Newsfile· 2025-08-01 11:00
Core Viewpoint - Aurania Resources Ltd. plans to conduct a non-brokered private placement financing of up to 12,500,000 units at a price of C$0.12 per unit, aiming for total gross proceeds of up to C$1,500,000, with a potential increase of 25% [1][3] Financing Details - The offering consists of units that include one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.25 for 24 months post-closing [2] - The company may pay finders' fees of up to 7% in cash and 7% in finder warrants to eligible finders, subject to TSX Venture Exchange approval [4] Use of Proceeds - Net proceeds from the offering will primarily fund exploration programs, general working capital, and the first payment of 2025 mineral concession fees in Ecuador [3] Closing and Regulatory Approvals - The closing of the offering is expected around August 20, 2025, and is subject to necessary regulatory approvals, including TSXV approval for the listing of common shares and warrant shares [6][7] Insider Participation - Certain directors and officers are expected to acquire units under the offering, which will be treated as a related party transaction, relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Aurania is focused on mineral exploration, particularly in precious metals and copper in South America, with its flagship asset being The Lost Cities — Cutucu Project in Ecuador [10]