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S2 Announces Proposed Name Change and Amendments to Share Structure
Newsfile· 2025-11-27 21:05
Core Points - S2 Minerals Inc. has announced a proposed name change to "FNX Inc." and amendments to its share structure, which were overwhelmingly approved by shareholders [1][2] - The amendments include re-designating existing common shares as "subordinate voting shares" and creating a new class of "multiple voting shares" [1] - The effective date for the name change and amendments is set for December 5, 2025, with trading under the new symbol "FNX" commencing on the same day [2] Company Overview - S2 Minerals Inc. is a Canadian mineral exploration company focused on mineral properties in Northwest Ontario, particularly the Sandy Lake project [3] - The Sandy Lake project encompasses approximately 167,000 acres of mineral claims, with S2 holding a 100% interest in about 137,000 acres and joint venture interests in additional claims [4] - The project is located within the traditional territories of Sandy Lake First Nation and Keewaywin First Nation, with potential for future Canadian-focused exploration projects [5]
IDEX Metals Announces Upsize of Non-Brokered Private Placement of Units
Thenewswire· 2025-10-23 00:15
Core Points - IDEX Metals Corp. has increased its non-brokered private placement from $2,000,000 to $5,320,500 due to significant market demand [1] - The offering will consist of up to 8,867,500 units priced at $0.60 per unit, aiming for aggregate gross proceeds of up to $5,320,500 [1][2] - Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 per share for 24 months [2] - The proceeds will be used for exploration of mineral properties in Idaho and for general working capital [5] - The offering is subject to customary conditions, including TSX Venture Exchange approval [4] Company Overview - IDEX Metals Corp. is focused on mineral exploration, particularly in base and precious metal projects in Idaho, USA [8] - The company is advancing the Freeze Copper-Gold porphyry prospect in the Idaho Copper District, surrounded by major industry players [8]
Muzhu Completes Private Placement
Thenewswire· 2025-09-04 17:25
Core Points - Muzhu Mining Ltd. has completed a private placement raising gross proceeds of $154,239 from the sale of 1,542,390 units at a price of $0.10 per unit, increasing from the initially planned 1,259,000 units due to additional subscriptions [1] - Each unit consists of one common share and one non-transferable share purchase warrant, with warrants allowing the purchase of shares at $0.14 for the first year and $0.20 for the second year, subject to an acceleration provision [1] - The company plans to use the proceeds for working capital and mineral exploration projects in Canada and China [3] Related Party Transaction - An insider of the company participated in the offering, which is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements as the value does not exceed 25% of the company's market capitalization [2] Financial Details - The company paid $2,400 in cash and granted 24,000 share purchase warrants to a finder related to the private placement [3] - All securities distributed under the private placement are subject to a four-month hold period, expiring on December 26, 2025 [3] Company Overview - Muzhu Mining Ltd. is a Canadian publicly traded exploration company with a portfolio of projects at various stages of development, including a 100% interest in the Sleeping Giant South Project in Quebec and option agreements for properties in China [4]
Eastfield Resources Announces Private Placement
Thenewswire· 2025-08-25 13:00
Core Viewpoint - Eastfield Resources Ltd. plans to raise up to $1,000,000 through a non-brokered private placement of up to 50 million units priced at $0.02 per unit, with each unit consisting of one common share and one share purchase warrant [1][2] Group 1 - The placement will be non-brokered, but the company may pay finder's fees in accordance with TSX Venture Exchange rules [2] - The proceeds from the placement will be used for an exploration program at mineral projects in British Columbia and for general working capital, including payments to non-arm's length parties for administrative services and investor relations activities, not exceeding 10% of the proceeds [3] - The securities issued will be subject to a hold period of four months and one day from the date of issuance as per Canadian securities laws [4] Group 2 - Certain insiders of the company may participate in the placement, with details to be included in a future news release [3] - The securities will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or exemption [5]