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Giga Metals Announces Private Placement Amendment
Globenewswire· 2025-10-22 21:27
Core Points - Giga Metals Corp has amended the terms of its previously announced non-brokered private placement financing [1] - The Critical Minerals FT Unit will now include one flow-through share and one non-transferable flow-through share purchase warrant, allowing the holder to acquire an additional share at a price of $0.25 for 36 months [2] - The NFT Unit will include one non-flow-through share and one non-transferable non-flow-through share purchase warrant, with the same acquisition terms as the FT Warrant [3] Company Overview - Giga Metals Corporation's core asset is the Turnagain Project, located in northern British Columbia, which contains significant undeveloped sulphide nickel and cobalt resources [4] - The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [5]
Goldcliff Announces Unit and Flow Through "LIFE" Offerings
Accessnewswire· 2025-10-21 01:45
Core Viewpoint - Goldcliff Resource Corporation is proposing a non-brokered private placement to raise up to $730,000 through the issuance of units and flow-through shares [1] Group 1: Private Placement Details - The private placement will consist of up to 4,000,000 NFT Units priced at $0.06 each, with each unit including one common share and one half of a non-transferrable warrant [1] - Each whole warrant will allow the holder to acquire an additional common share at an exercise price of $0.08 for a period of 24 months from the closing date [1] - Additionally, the company plans to issue up to 7,000,000 flow-through shares at a price of $0.07 each, qualifying as flow-through shares under the Income Tax Act (Canada) [1]
Giga Metals Announces Non-Brokered Private Placement Including Critical Minerals Flow-Through
Globenewswire· 2025-10-15 20:30
Core Points - Giga Metals Corp. announced a non-brokered private placement aiming to raise up to $1,000,000 through the sale of Critical Minerals flow-through units at $0.13 each and non-flow-through units at $0.11 each [1][2] Group 1: Private Placement Details - The private placement consists of Critical Minerals flow-through units (FT Units) and non-flow-through units (NFT Units), with FT Units priced at $0.13 and NFT Units at $0.11 [1] - Each FT Unit includes one flow-through share and a transferable half flow-through share purchase warrant, allowing the purchase of an additional share at $0.25 for 36 months [2] - Each NFT Unit includes one non-flow-through share and a transferable half non-flow-through share purchase warrant, also allowing the purchase of an additional share at $0.25 for 36 months [2] Group 2: Use of Proceeds - The gross proceeds from the private placement will be allocated to the exploration of the Turnagain nickel-cobalt project and for general corporate purposes [3] - The flow-through proceeds will specifically be used to advance the Turnagain project and any other Canadian properties acquired, with a commitment to incur eligible Canadian exploration expenses [3] Group 3: Company Overview - Giga Metals Corporation's core asset is the Turnagain Project, which contains significant undeveloped sulphide nickel and cobalt resources [6] - The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [7]
Goldcliff Announces Closing of Second and Final Tranche of its "LIFE" Offering
Accessnewswire· 2025-10-09 23:55
Core Viewpoint - Goldcliff Resource Corporation has successfully closed its second and final tranche of a non-brokered private placement, raising a total of $211,500 through the issuance of shares [1] Summary by Relevant Sections Private Placement Details - The final tranche involved the issuance of 400,000 Flow Through shares at a price of $0.06 per share, generating proceeds of $24,000 [1] - The total proceeds from both tranches included 1,100,000 units for gross proceeds of $49,500 and 2,700,000 Flow Through shares for gross proceeds of $162,000 [1] Regulatory Compliance - The private placement was conducted under the Listed Issuer Financing Exemption as per Part 5A of National Instrument 45 - 106 - Prospectus Exemptions [1]
Purepoint Uranium Increases Flow-Through Private Placement to $5,000,000
Newsfile· 2025-08-15 10:30
Core Viewpoint - Purepoint Uranium Group Inc. has increased its non-brokered private placement offering size from $3,000,000 to $5,000,000 due to strong investor demand [1] Group 1: Offering Details - IsoEnergy Ltd. intends to invest $1,000,000 in support of Purepoint's financing efforts [2] - The offering will include warrants allowing holders to purchase common shares at an exercise price of $0.50 per share for 24 months [2] - The gross proceeds will be used for Canadian Exploration Expenses related to the exploration program in the Athabasca Basin [4] Group 2: Regulatory and Compliance - IsoEnergy's participation is considered a "related party transaction" under MI 61-101, as it holds 10.6% of Purepoint's common shares [3] - The company is exempt from obtaining a formal valuation or minority shareholder approval for IsoEnergy's participation [3] - A material change report will be filed regarding IsoEnergy's participation less than 21 days before the offering closes [3] Group 3: Offering Structure - The offering includes Saskatchewan flow-through units priced at $0.65, national flow-through units at $0.59, and traditional flow-through units also at $0.59 [8] - Each unit consists of one common share and one warrant [8] Group 4: Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration in the Athabasca Basin, partnering with industry leaders like Cameco Corporation and Orano Canada Inc. [6] - The company also holds a promising VHMS project adjacent to Foran Corporation's McIlvena Bay project [7]
Mustang Announces Closing of Second Tranche of Non-Brokered Private Placement
Globenewswire· 2025-07-22 21:05
Core Points - Mustang Energy Corp. has successfully closed the second tranche of its $3,000,000 non-brokered private placement, raising gross proceeds of C$976,843.40 [1][4] - The proceeds from the second tranche will be utilized for exploration of uranium projects in the Athabasca Basin and for general working capital [4][8] - The company issued various units including NFT Units, FT Units, and Charity FT Units, with specific pricing and terms for each type [3][8] Financial Details - The second tranche included the sale of 125,000 NFT Units at C$0.14 each, generating C$17,500.00; 814,200 FT Units at C$0.165 each, generating C$134,343.00; and 3,510,640 Charity FT Units at C$0.235 each, generating C$825,000.40 [8] - Finder's fees were paid to Red Cloud Securities Inc. totaling C$62,440.48 in cash and 281,599 Finder's Warrants, along with additional fees to other firms [6] Company Overview - Mustang Energy Corp. is focused on the discovery and development of uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [8][9] - The company aims to build long-term value through responsible exploration and a focus on high-impact targets in underexplored areas [9]
Mustang Announces Closing of First Tranche of Non-Brokered Private Placement
Globenewswire· 2025-07-09 22:31
Core Viewpoint - Mustang Energy Corp. has successfully closed the initial tranche of a $3,000,000 non-brokered private placement, raising C$1,172,292.99 to fund its uranium exploration projects in the Athabasca Basin, Saskatchewan [1][3]. Group 1: Financial Details - The initial tranche consisted of NFT Units and FT Units, with each NFT Unit comprising one common share and one share purchase warrant, while each FT Unit consists of one flow-through share and one warrant [2]. - The warrants allow holders to purchase one non-flow-through share at a price of C$0.21 for a period of 36 months following the issuance [2]. - The company paid finder's fees totaling $79,875.46 in cash and issued 571,312 Finder's Warrants to Red Cloud Securities Inc. as the lead finder [5]. Group 2: Use of Proceeds - Proceeds from the initial tranche will be allocated to the exploration of uranium projects in the Athabasca Basin and for general working capital [3]. - The gross proceeds from the issuance of FT Shares will be used to incur Canadian exploration expenses and flow-through critical mineral mining expenditures, which will be renounced to purchasers by December 31, 2025 [3]. Group 3: Company Overview - Mustang Energy Corp. focuses on acquiring and developing high-potential uranium and critical mineral assets, holding 77,318 hectares in the Athabasca Basin [7]. - The flagship property, Ford Lake, covers 7,743 hectares in the eastern Athabasca Basin, with additional projects including Cigar Lake East and Roughrider South [7][8].
Tudor Gold Announces Closing of $14.95 Million Financing, with Participation by Eric Sprott
Newsfile· 2025-05-29 17:34
Core Viewpoint - Tudor Gold Corp. has successfully closed a financing round, raising approximately $14.95 million through a brokered offering and private placement, with participation from notable investor Eric Sprott [1][2]. Financing Details - The financing included the issuance of 10,158,045 non-flow-through units at a price of $0.50 per unit, 8,333,500 flow-through units for charitable purchasers at $0.75 per unit, and 6,034,752 flow-through units at $0.60 per unit [6]. - The net proceeds from the sale of NFT Units will be allocated for working capital and general corporate purposes, while the gross proceeds from FT Units and Charity FT Units will be directed towards exploration expenses on the Treaty Creek property [3][4]. Investor Participation - Eric Sprott, through his corporation, acquired 2,000,000 Common Shares and 1,000,000 Warrants as part of the financing [2]. - Related parties purchased a total of 2,227,000 Common Shares and 1,113,500 Warrants, which are classified as related party transactions [10]. Use of Proceeds - The funds raised will be utilized for exploration activities on the Treaty Creek project, which is located in British Columbia's Golden Triangle [4][11]. - The Company has committed to indemnifying subscribers for any additional taxes resulting from the Canada Revenue Agency's potential reduction of Qualifying Expenditures [4]. Regulatory Compliance - The Offerings are subject to final approval from the TSX Venture Exchange and adhere to Canadian securities laws, including a four-month hold period for the FT Units and underlying securities [8].