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Cosa Announces Upsized C$7.5 Million Private Placement
Globenewswire· 2025-11-14 18:23
Core Viewpoint - Cosa Resources Corp. has announced an increase in the size of its private placement offering, aiming to raise up to approximately C$7,500,000 through the sale of various types of units and shares [1][4]. Group 1: Offering Details - The offering includes up to 11,538,462 hard dollar units at C$0.26 per unit, up to 7,537,690 charity flow-through units at C$0.398 per unit, and up to 5,000,000 flow-through common shares at C$0.30 per share [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, while each charity flow-through unit consists of one flow-through share and one-half of a warrant [2]. - The total gross proceeds from the offering are expected to be used for exploration and working capital, with specific allocations for Canadian exploration expenses related to uranium projects in the Athabasca Basin [4]. Group 2: Regulatory and Financial Aspects - The offering will be conducted under exemptions from registration requirements in Canada and the United States, with a hold period of four months plus one day for the issued shares [5][8]. - A cash commission of 5.0% will be paid to agents on the gross proceeds, with a reduced commission of 3.0% for certain purchasers on a president's list [7]. Group 3: Company Background and Strategic Initiatives - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [10]. - The company has a strategic collaboration with Denison Mines, enhancing its access to additional uranium exploration projects [11]. - Cosa's management team has a proven track record in uranium exploration, having received awards for significant discoveries in the region [12].
Wallbridge Mining Announces Public Offering of Up to Approximately $15 Million
Globenewswire· 2025-10-14 21:27
Core Points - Wallbridge Mining Company Limited has announced a public offering of Charity Flow-Through Units and Hard Dollar Units for gross proceeds of up to approximately C$15 million [1][2] - The offering includes 65,000,000 Charity Flow-Through Units priced at C$0.15 each, aiming for gross proceeds of up to C$10 million, and 45,000,000 Hard Dollar Units priced at C$0.11 each, targeting gross proceeds of up to C$5 million [2] - The net proceeds will be utilized for the advancement of the Fenelon and Martiniere projects, as well as for general corporate purposes [4] Offering Details - Each Warrant from the offering allows the holder to purchase one Common Share at an exercise price of C$0.15 for a period of 36 months [3] - The Agents have an option to purchase up to an additional 15% of the offering to cover overallotments within 30 days following the closing [3] - The offering is expected to close on or about October 31, 2025, pending necessary regulatory approvals [5] Company Overview - Wallbridge Mining focuses on the exploration and sustainable development of gold projects in Quebec's Abitibi region, holding a mineral property position totaling 598 km along the Detour-Fenelon gold trend [7] - The company is advancing its flagship Fenelon Gold Project and the earlier exploration stage Martiniere Gold Project, along with several greenfield gold projects [7]
Wallbridge Mining Announces Public Offering of Up to Approximately $15 Million
Globenewswire· 2025-10-14 21:27
Core Viewpoint - Wallbridge Mining Company Limited has announced a public offering of Charity Flow-Through Units and Hard Dollar Units, aiming for gross proceeds of up to approximately C$15 million [1][2]. Offering Details - The offering will consist of 65,000,000 Charity Flow-Through Units priced at C$0.15 each, targeting gross proceeds of up to C$10 million, and 45,000,000 Hard Dollar Units priced at C$0.11 each, targeting gross proceeds of up to C$5 million [2]. - Each Charity Flow-Through Unit includes one common share (FT Share) and one common share purchase warrant (Warrant), while each Hard Dollar Unit includes one common share (Hard Dollar Share) and one Warrant [2]. - The Warrant allows the holder to purchase one Common Share at an exercise price of C$0.15 for a period of 36 months following the closing date [3]. Use of Proceeds - The net proceeds from the offering will be allocated to the advancement of the Fenelon and Martiniere projects, as well as for general corporate purposes [4]. Regulatory and Closing Information - The offering is expected to close on or about October 31, 2025, pending necessary regulatory approvals [5]. - The units will be offered via a prospectus supplement to the existing base shelf prospectus filed on January 2, 2024, across Canadian provinces and territories, excluding Quebec, and may also be offered through private placement in the United States [5]. Company Overview - Wallbridge Mining focuses on the exploration and sustainable development of gold projects in Quebec's Abitibi region, holding a mineral property position of 598 km² along the Detour-Fenelon gold trend [7].
Mink Ventures Launches $500,000 Non-Brokered Private Placement Financing With CMETC Flow-Through and Hard Dollar Units
Globenewswire· 2025-09-25 17:35
Core Viewpoint - Mink Ventures Corporation announced a non-brokered private placement to raise up to $500,000 through the sale of hard dollar units and flow-through units, aimed at funding exploration projects and general working capital [1][5]. Group 1: Offering Details - The Offering will consist of hard dollar units (HD Units) priced at $0.10 each and flow-through units (FT Units) priced at $0.13 each [1]. - Each HD Unit includes one common share and one warrant, allowing the holder to purchase an additional common share at $0.20 for 36 months [2]. - Each FT Unit consists of one flow-through share and one warrant, with similar terms for the warrant as the HD Units [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated to the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital [5]. Group 3: Regulatory and Closing Information - The Offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and may close in multiple tranches, with the first expected around October 15, 2025 [6]. - Securities issued will have a hold period of four months and one day and will not be sold in the United States [6]. Group 4: Company Overview - Mink Ventures Corporation is a Canadian mineral exploration company focused on critical minerals in Ontario, with a portfolio that includes the Montcalm and Warren projects [7]. - The Montcalm project covers approximately 100 km² and is adjacent to Glencore's former Montcalm Mine, which had historical production of 3.93 million tonnes of ore with grades of 1.25% Ni, 0.67% Cu, and 0.051% Co [7].
NorthWest Closes First Tranche of Flow Through Financing and Upsizes Placement to Fund Work at Kwanika
Globenewswire· 2025-07-29 11:00
Core Viewpoint - NorthWest Copper Corp has successfully closed the first tranche of its non-brokered critical mineral flow-through private placement financing, increasing the offering to a maximum of $3.5 million due to excess demand, and has re-opened a hard dollar private placement for additional funding [1][2][3] Financing Details - The first tranche of the flow-through offering raised $2.5 million through the sale of 11,281,112 units at a price of $0.225 per unit, with each unit consisting of one flow-through common share and one half of a non-transferable common share purchase warrant [2][3] - The upsized flow-through offering will include an additional $1 million and a hard dollar component of up to $0.4 million, with the hard dollar units priced at $0.20 each [3][4] - Proceeds from the flow-through placement will be allocated for exploration at Kwanika Central and the nearby Transfer Target, while the hard dollar offering will be used for general corporate purposes [3][4] Strategic Plans - The company is focusing on higher-grade zones within its mineral resources at Kwanika, aiming to enhance recovery rates, particularly for gold, and plans to execute exploration drilling and metallurgical test work [2] - A 5,135-meter drill program is planned to confirm and expand the higher-grade target model, with the goal of informing an updated mineral resource estimate [2] - An updated Preliminary Economic Assessment is expected to be delivered in the first half of 2026 [2] Regulatory and Compliance - The upsized offerings are subject to regulatory approvals, including those from the TSX Venture Exchange [4] - The flow-through shares will qualify as "flow-through shares" under Canadian tax law, with proceeds used for eligible resource exploration expenses [5][6] Company Overview - NorthWest Copper is engaged in copper and gold exploration and development, with projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv [10] - The company is positioned to benefit from a strengthening global copper and gold market, emphasizing responsible mineral exploration in collaboration with First Nations [10]