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Gold Runner Exploration Announces Closing of $920,000 Non-Brokered Private Placement
Newsfile· 2025-11-28 23:08
Core Viewpoint - Gold Runner Exploration Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $920,000 through the sale of 4,600,000 units at a price of $0.20 per unit, with each unit consisting of one common share and one common share purchase warrant [1] Group 1: Financing Details - The offering includes warrants that allow holders to acquire one common share at a price of $0.40 for a period of 60 months from the closing date [1] - The securities issued under the offering are subject to a hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws [1] - The company paid finder's fees totaling $9,600 in cash and 48,000 broker warrants to Canaccord Genuity Corp. and Ventum Financial Corp. [3] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration and development of the company's assets, claims, and option payments related to projects in the USA, geological evaluations in Canada, and for working capital and corporate purposes [2] Group 3: Company Overview - Gold Runner Exploration is focused on the exploration and development of gold and silver properties in Canada and the USA, with its flagship asset being the Rock Creek gold project, which includes 74 unpatented lode mining claims [5] - The company has expanded its land position by acquiring the Dry Creek prospect and the Falcon silver-gold prospect, bringing the total claims held to 239 in close proximity, targeting similar mineralization [5] - Gold Runner also holds a 10% carried interest in the Cimarron project in Nevada, which includes 31 unpatented lode mining claims [5]
Astra Exploration Announces $5 Million Bought Deal Financing with Participation from Michael Gentile and Key Shareholders
Newsfile· 2025-10-01 10:30
Core Viewpoint - Astra Exploration Inc. has announced a $5 million bought deal financing agreement to raise funds for exploration and working capital purposes [1][2]. Group 1: Financing Details - The company will issue 8,065,000 shares at a price of C$0.62 per share, resulting in gross proceeds of C$5,000,300 [1]. - Underwriters have an option to purchase an additional 3,226,000 shares at the same issue price, potentially raising an additional C$2,000,120 [2]. - The offering is expected to close on or about October 8, 2025, subject to compliance with applicable securities laws [6]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration expenditures on the La Manchuria project and for general working capital [2]. Group 3: Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on high-quality projects in key mining jurisdictions in Latin America [9]. - The La Manchuria project in Argentina is a high-grade gold and silver deposit located in a prolific mining area [10]. - The company also owns the Pampa Paciencia and Cerro Bayo projects in Chile, both of which are situated near major operating mines and have significant geological similarities to other successful deposits [11][12].