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PTX Metals Inc. Announces Private Placement Amendments
Newsfile· 2025-09-16 20:30
Core Viewpoint - PTX Metals Inc. is expanding its private placement offerings to raise up to $3,500,000 through a LIFE Offering and an additional $1,500,000 through a Non-LIFE Offering, aimed at funding corporate expenses and eligible exploration activities in Ontario [1][6][2]. Group 1: LIFE Offering Details - The LIFE Offering includes hard dollar units (HD Units) priced at $0.10 each and charity flow-through units (CFT Units) priced at $0.15 each, with a total target of $3,500,000 [1][7]. - Each Unit consists of one common share and one-half of a share purchase warrant, with the warrant exercisable at $0.16 for 36 months [1]. - The proceeds from the CFT Units will be allocated to Canadian exploration expenses related to the Company's projects, with expenditures to be incurred by December 31, 2026 [3]. Group 2: Non-LIFE Offering Details - The Non-LIFE Offering aims to raise up to $1,500,000 through flow-through units (FT Units) priced at $0.135 each and an additional $500,000 through CFT Units [6]. - FT Units will also consist of one common share and one-half of a warrant, with the CFT Units having identical terms to those in the LIFE Offering [6]. Group 3: Regulatory and Insider Participation - The offerings are being conducted under the Listed Issuer Financing Exemption, allowing for no hold period under Canadian securities laws [4]. - Insiders may participate in the offerings, which will be treated as related party transactions, exempting them from certain formal valuation and minority approval requirements [9]. Group 4: Closing and Additional Information - The closing of both offerings may occur in multiple tranches, with the final closing expected on September 26, 2025, subject to regulatory approvals [8]. - Eligible finders will receive a cash fee of 7% of the gross amount raised and finder warrants equal to 7% of the units issued [10].
Bonterra Announces Upsize of Brokered Private Placement to $10.5 million
Globenewswire· 2025-06-13 21:11
Core Points - Bonterra Resources Inc. has increased the size of its brokered private placement due to strong market demand, now targeting gross proceeds of up to approximately $10,500,000 [1][4] - The offering includes three types of units: up to 22,727,272 "hard-dollar" units at $0.22 each, up to 14,583,333 "flow-through" units at C$0.24 each, and up to 6,557,377 "Premium flow-through" units at C$0.305 each [1][3] - The completion of the offering is expected on June 30, 2025, subject to customary conditions and necessary approvals [4] Use of Proceeds - The net proceeds from the offering will be used to fund ongoing operations for the next twelve months [5] - Proceeds from the sale of HD Units will be allocated for general corporate and administrative matters [6] - Gross proceeds from FT Units and Premium FT Units will be used to incur eligible "Canadian exploration expenses" as defined in the Income Tax Act (Canada) [6]