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Compass Gold Closes Private Placement of Units for Gross Proceeds of $5,398,330
TMX Newsfile· 2026-02-12 13:54
Core Viewpoint - Compass Gold Corporation successfully completed a private placement, raising approximately $5.4 million through the issuance of 28,412,264 units at a price of $0.19 per unit, exceeding the initial target of $5 million due to strong demand [1][2]. Group 1: Offering Details - The offering consisted of units, each comprising one common share and one common share purchase warrant, with warrants exercisable at $0.25 until February 12, 2029 [2]. - The net proceeds will be allocated to the evaluation and establishment of a gold processing facility at the Massala prospect, drilling, metallurgical studies, bulk sampling, and general corporate purposes [3]. Group 2: Agent and Fees - Canaccord Genuity Corp. acted as the sole agent and bookrunner for the offering, receiving a cash commission of 6.0% of the gross proceeds, reduced to 2.0% for units sold to purchasers on the president's list [5]. - The agent was also issued 1,225,020 non-transferable broker warrants, exercisable at $0.19 until February 12, 2028 [5]. Group 3: Insider Participation - Insiders purchased a total of 636,842 units for approximately $121,000, which is classified as a related party transaction [7]. - The participation was exempt from certain valuation and minority shareholder approval requirements due to the company's market capitalization and the nature of the transaction [7]. Group 4: Company Background - Compass Gold is a public company incorporated in Ontario and is a Tier 2 issuer on the TSX-V, holding gold exploration permits in Mali with a combined area of approximately 900 square kilometers [10]. - The company's exploration permits are located in a region known for several multi-million-ounce gold projects, indicating potential for significant resource development [10].
Compass Gold Announces Private Placement of Units for Gross Proceeds of Up To $5 Million
TMX Newsfile· 2026-02-03 22:00
Core Viewpoint - Compass Gold Corporation has announced a private placement offering to raise between approximately $4 million and $5 million through the sale of units priced at $0.19 each [1][3]. Group 1: Offering Details - The offering consists of a minimum of 21,052,630 and a maximum of 26,315,800 units, each unit comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at a price of C$0.25 within three years following the closing date [2]. - The offering is expected to close around February 12, 2026, subject to regulatory approvals and the execution of a definitive agency agreement [5]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for the evaluation and establishment of a gold processing facility at the Massala prospect, drilling, completion of a metallurgical study, bulk sampling, and general corporate purposes [3]. Group 3: Additional Offering Options - The company has granted the agent an option to sell up to an additional 3,947,370 units at the same offering price, potentially raising an additional gross amount of approximately $750,000 [4]. Group 4: Regulatory Compliance - The units will be offered in compliance with National Instrument 45-106, allowing for sales to purchasers in Canada and other jurisdictions without a hold period under applicable Canadian securities laws [6]. Group 5: Company Background - Compass Gold is a public company incorporated in Ontario, holding gold exploration permits in Mali, with a total land holding of 900 square kilometers [9]. - The company's exploration activities are focused on the Sikasso Property, located in a region with several multi-million-ounce gold projects [9].
Compass Gold Announces Fully Subscribed $600,000 Private Placement
Newsfile· 2025-09-16 11:15
Core Viewpoint - Compass Gold Corp. plans to issue 4,000,000 units at a price of $0.15 per unit, aiming for gross proceeds of $600,000 to support its Small Mine Strategy and general corporate purposes [1][2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.20 for two years [1]. - The offering is fully subscribed and expected to close around September 24, 2025, without a minimum subscription amount and may close in multiple tranches [2][3]. - The offering is subject to regulatory approvals, including from the TSX Venture Exchange [3]. Group 2: Insider Participation - Certain insiders, including officers and/or directors, may participate in the offering, which will be considered a related party transaction [4]. - Their participation will be exempt from certain valuation and minority shareholder approval requirements under MI 61-101 [4]. Group 3: Financial Aspects - The company may pay finder's fees of up to 7.0% of the gross proceeds for units sold to purchasers introduced by finders [5]. - All securities from the offering will be subject to a hold period of four months and one day post-issuance [5]. Group 4: Company Background - Compass Gold Corp. is a Tier 2 issuer on the TSX-V, holding gold exploration permits in Mali, specifically the Sikasso Property, which spans 1,173 sq. km [8]. - The exploration permits are located near several multi-million-ounce gold projects, indicating potential for significant resource development [8].
Sanu Gold Corp. Issues Stock Options
Newsfile· 2025-07-11 20:07
Group 1 - Sanu Gold Corp. has granted a total of 11,650,000 incentive stock options to officers, directors, and other eligible persons, which are exercisable over five years at a price of $0.25 per share [1] - The company is exploring three high-quality gold exploration permits in the Siguiri Basin, a renowned gold district in Guinea, West Africa [2] - Sanu Gold has identified multi-kilometer long gold-bearing structures on each permit, with multiple high-value drill targets aiming for multi-million ounce gold discoveries [2] Group 2 - The company is operated by a highly experienced team with a successful track record in discovery, resource development, and mine permitting [2]