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Metals Creek Resources Corp. Announces Non-Brokered Private Placement
Newsfile· 2025-10-21 12:43
Core Viewpoint - Metals Creek Resources Corp. is planning a non-brokered private placement to raise funds for exploration activities, with a target closing date of November 20, 2025 [1]. Group 1: Private Placement Details - The company intends to issue up to 12,500,000 flow-through units at a price of $0.04 per unit, aiming for total proceeds of up to $500,000 [2]. - Each flow-through unit will consist of one flow-through common share and one-half of a non-flow through common share purchase warrant, with the whole warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 24 months [2]. - Additionally, the company plans to issue up to 14,285,714 non-flow through units at a price of $0.035 per unit, also targeting total proceeds of up to $500,000 [3]. - Each non-flow through unit will consist of one non-flow through common share and one non-flow through common share purchase warrant, with the warrant allowing the purchase of one additional common share at an exercise price of $0.06 for 60 months [3]. Group 2: Use of Proceeds - Proceeds from the flow-through units will be allocated for exploration on the company's properties in Newfoundland and Ontario, including the Ogden Gold Project, ensuring that these expenses qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) [5]. Group 3: Company Overview - Metals Creek Resources Corp. is a junior exploration company incorporated in British Columbia, listed on the TSX Venture Exchange under the symbol "MEK" [6]. - The company has a 50% interest in the Ogden Gold Property, which includes the past-producing Naybob Gold mine, located near Timmins, Ontario [7].
Lodestar Metals Announces $500,000 Private Placement, Strategic Share Consolidation and Strengthened Leadership Team
Newsfile· 2025-09-29 11:35
Core Viewpoint - Lodestar Metals Corp. is undertaking a private placement of up to C$500,000 to strengthen its balance sheet and enhance its exploration efforts in Nevada's gold sector [1][2][3] Private Placement Details - The company plans a non-brokered private placement of up to 6,666,666 post-consolidation units at a price of C$0.075 per unit, aiming for gross proceeds of up to C$500,000 [1][7] - Each post-consolidation unit will consist of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2][3] Share Consolidation - Lodestar will consolidate its shares at a ratio of two pre-consolidated shares to one post-consolidated share, reducing the total from 47,336,500 to 23,668,250 shares [4][5][7] - The consolidation aims to improve the capital structure and attract long-term investors [4][7] Leadership Team Enhancement - The company has appointed Randene Seeman as a new Director and Doug Engdahl as a Strategic Advisor, enhancing the leadership team's expertise [8][9] - Seeman brings over 25 years of experience in mining and resource sectors, while Engdahl has over 20 years of geological experience [9][12][13] Use of Proceeds - Proceeds from the private placement will be allocated for exploration and drilling on the Goldrun Project in Nevada, as well as for working capital [3][16] Engagement of Financial Advisor - Lodestar has engaged Jemini1 Finance Inc. for investor outreach and financing support, with a four-month term and a monthly fee of C$5,000 [14]
Xtra-Gold Announces Non-Brokered Private Placement
Newsfile· 2025-09-12 14:00
Core Viewpoint - Xtra-Gold Resources Corp. is initiating a non-brokered private placement to raise $1.5 million through the sale of up to 625,000 units at a price of $2.40 per unit, with each unit consisting of one common share and one-half of a warrant [1][3]. Group 1: Private Placement Details - The private placement aims to raise gross proceeds of $1.5 million by selling up to 625,000 units at $2.40 each [1]. - Each unit includes one common share and one-half of a common share purchase warrant, allowing the purchase of an additional share at $2.80 for two years [1]. - The company may pay finders' fees in cash and non-transferable warrants, with each Finder's Warrant allowing the purchase of one additional share at $2.50 for two years [2]. Group 2: Use of Proceeds and Regulatory Compliance - Proceeds from the private placement will be allocated for general working capital purposes [3]. - The closing of the private placement is contingent upon acceptance by the Toronto Stock Exchange and necessary regulatory approvals [3]. - All securities issued will be subject to a regulatory hold period of four months plus one day from the issuance date [3]. Group 3: Company Overview - Xtra-Gold Resources Corp. is a gold exploration company with a significant land position in the Kibi Gold Belt, located in Ghana, West Africa [4].