Workflow
NFT Units
icon
Search documents
MetalQuest Mining Announces Second and Final Tranche Closing
Thenewswire· 2026-01-09 12:15
Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement financing, raising a total of $1,966,780.20 across two tranches, with strong investor demand noted but no increase in financing to avoid dilution [2][3]. Financing Details - The second tranche involved the issuance of 1,963,760 non-flow-through units at a price of $0.17 per unit, generating gross proceeds of $333,839.20 [1][2]. - The NFT Units consist of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.40 for two years [2]. Regulatory Compliance - The Offering is subject to approval from the TSX Venture Exchange, and all securities issued are subject to a minimum hold period until May 10, 2026, in accordance with Canadian Securities laws [3]. Insider Participation - An existing insider purchased 87,875 NFT Units, classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [4]. - Following the Offering, the insider, Harry Barr, controls approximately 38.46% of the company's outstanding common shares on a post-offering basis [7]. Project Development - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Project, one of the largest iron projects in North America, with approximately $120 million already invested in the project [10][11]. - The company is collaborating with the Naskapi First Nation and has engaged AtkinsRéalis for a comprehensive analysis of the historic feasibility study to align it with current market conditions and standards [11]. Future Plans - Initial work at the Superior Iron Project is planned for Winter/Spring 2026, focusing on geological surveys and environmental studies to refine exploration targets [12]. Additional Holdings - The company also holds approximately 1.8 million shares and 2.5 million warrants of Canadian Copper Inc., along with two NSR royalties in the Murray Brook deposit [13][14].
Questcorp Mining Announces Flow Through Offering
Newsfile· 2025-12-08 08:15
Group 1 - Questcorp Mining Inc. is offering up to 5,769,231 flow-through units at a price of $0.13 per unit, aiming for gross proceeds of up to $750,000 through a non-brokered private placement [1] - Each flow-through unit consists of one common share and one-half of a share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.20 for 24 months [1] - The net proceeds from the offering will be utilized for exploration of the North Island Copper Property located on Vancouver Island, British Columbia [2] Group 2 - The company has closed the final tranche of a previously announced non-brokered private placement, issuing 1,266,667 units at a price of $0.15 per unit for gross proceeds of $190,000 [4] - Each unit in the final tranche consists of one common share and one-half of a warrant, with no finders' fees paid in connection with this closing [4][5] - All securities from the final tranche are subject to resale restrictions until April 9, 2026 [5] Group 3 - Questcorp Mining Inc. is focused on acquiring and exploring mineral properties in North America, specifically targeting precious and base metals [6] - The company holds an option to acquire a 100% interest in mineral claims totaling 1,168.09 hectares for the North Island Copper Property and 2,520.2 hectares for the La Union Project in Sonora, Mexico [6]
Decade Resources Ltd. Announces $1.5 Million Private Placement
Newsfile· 2025-11-04 13:00
Core Points - Decade Resources Ltd. is conducting a non-brokered private placement financing to raise up to $1,500,000 [1] - The financing will include 32,500,000 flow-through units (FT Units) priced at $0.04 each, aiming to raise $1,300,000, and 5,000,000 non-flow-through units (NFT Units) priced at $0.04 each, aiming to raise $200,000 [6] - FT Units consist of one flow-through common share and one common share purchase warrant, while NFT Units consist of one common share and one common share purchase warrant [2] Financing Details - Each warrant for FT Units allows the holder to purchase one non-flow-through common share at $0.06 for two years from issuance [1] - Each warrant for NFT Units allows the holder to purchase one additional common share at $0.05 for three years from issuance [2] - The proceeds from FT Units will be allocated to projects in British Columbia, while proceeds from NFT Units will be used for general working capital and corporate purposes [2] Finder's Fees - The company may pay finder's fees of 8% of gross proceeds from certain subscriptions, along with finder's warrants equal to 8% of the units sold [3] - Each finder's warrant will be exercisable to acquire one common share at $0.06 for two years from issuance [3] Regulatory Compliance - The private placement is subject to acceptance by the TSX Venture Exchange, and all securities will have a four-month hold period from issuance [4]
Pan American Announces LIFE Offering and Concurrent Private Placement Offering
Globenewswire· 2025-08-29 20:58
Core Viewpoint - Pan American Energy Corp. has announced a shift from its previously planned private placement to a new non-brokered private placement under the "listed issuer financing exemption," aiming for gross proceeds of up to C$2,000,000 through the LIFE Offering and an additional C$1,000,000 from a concurrent offering [1][8]. Group 1: LIFE Offering Details - The LIFE Offering will consist of a minimum of 753,333 and a maximum of 1,333,333 charity flow-through units priced at C$0.75 each, and up to 2,000,000 non-flow-through units priced at C$0.50 each, targeting minimum gross proceeds of C$565,000 and maximum gross proceeds of C$2,000,000 [2]. - Each Charity FT Unit includes one flow-through share and one common share purchase warrant, allowing the holder to acquire one common share at C$0.85 for 24 months post-closing [3]. - Each NFT Unit consists of one non-flow-through common share and one share purchase warrant, enabling the holder to acquire one common share at C$0.65 for 24 months following the closing [4]. Group 2: Use of Proceeds - Proceeds from the Charity FT Units will be allocated to Canadian Exploration Expenses qualifying as flow-through mining expenditures, while proceeds from the NFT Units will fund exploration expenses for existing projects and general working capital [5][10]. Group 3: Offering Structure and Timeline - The LIFE Offering is available to purchasers in all Canadian provinces except Quebec, and the shares offered are expected to be immediately free tradeable under Canadian securities legislation [6]. - The closing of the Offering is anticipated around October 6, 2025, subject to necessary regulatory approvals [11]. Group 4: Company Background - Pan American Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [13]. - The company has acquired a 75% interest in the Big Mack Lithium Project and is pursuing a 100% interest in the Tharsis REE Project, which is prospective for rare earth and high field strength elements [14].