Core Viewpoint - Sorrento Resources Ltd. has successfully closed a private placement offering, raising gross proceeds of $3.2 million to support its exploration projects in Canada [1][3]. Summary by Sections Offering Details - The private placement offering generated aggregate gross proceeds of $3,175,000, led by Research Capital as the sole agent and bookrunner [1]. - The offering included the issuance of various securities, including Premium FT Units, FT Units, and standard Units, with specific pricing and terms outlined [8]. Use of Proceeds - The gross proceeds will be allocated to eligible Canadian exploration expenses (CEE), with half designated for flow-through critical mineral mining expenditures and the other half for general exploration expenses in Newfoundland and Labrador [3]. - Net proceeds will also support ongoing exploration drilling programs, working capital, and other corporate purposes [3]. Agent Compensation - The Company paid a cash commission of $171,300 to the agent and issued 573,400 broker warrants, along with an advisory fee of approximately $6,000 and additional advisory broker warrants [4]. Insider Participation - Insiders participated in the offering, acquiring a total of 880,000 units, which constitutes a related party transaction under applicable regulations [10]. - Canal Front Investments Inc. and Alex Bugden were among the insiders involved in the offering [6][10]. Debt Settlement - The Company entered into a debt settlement agreement to settle a $50,000 loan through the issuance of 200,000 units at a price of $0.25 per unit [11]. - Commitment warrants were also issued to Canal and Kluane as part of their loan agreements [12]. Company Overview - Sorrento Resources is focused on the acquisition, exploration, and development of mineral properties in Canada, with projects including the Wing Pond, Lord Baron, PEG lithium project, and Harmsworth [14].

Core Viewpoint - Sorrento Resources Ltd. is set to close a brokered private placement offering by November 14, 2025, with a lead order from Mr. Eric Sprott, despite delays due to budget issues related to the charity component [1][2]. Offering Details - The offering aims to raise gross proceeds of up to $4,500,000, with the potential to increase to $5,175,000 if the Agent's Option is fully exercised [2][5]. - The offering will consist of three types of units: - Premium flow-through units priced at $0.35 each, including one common share and one warrant [2]. - Flow-through units priced at $0.30 each, including one common share and half a warrant [2]. - Regular units priced at $0.25 each, including one common share and one warrant [2]. Use of Proceeds - Net proceeds from the sale of Premium FT Units and FT Units will be allocated to eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador [4]. - Proceeds from the sale of regular Units will be used for ongoing exploration drilling, working capital, and general corporate purposes [4]. Agent's Role and Fees - Research Capital Corporation will act as the sole agent and bookrunner for the offering, receiving a cash fee of 6.0% of the gross proceeds [8]. - The Agent will also receive non-transferable broker warrants equal to 6.0% of the total number of units sold, allowing the purchase of common shares at an exercise price of $0.25 for 24 months [8]. Securities Offering - The units will be offered via private placement in Canada and potentially in other jurisdictions, including the U.S., under applicable exemptions [6]. - The securities will have a hold period of four months and one day from the closing date [7]. Company Overview - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral properties in Canada, targeting precious metals, rare-earth elements, and base metals [11].

Core Viewpoint - Sorrento Resources Ltd. has revised its private placement offering to raise up to $4,500,000, with potential gross proceeds increasing to $5,175,000 if the Agent's Option is fully exercised [1][4]. Offering Details - The offering includes three types of units: - Premium flow-through units priced at $0.35, consisting of one common share and one warrant [1] - Flow-through units priced at $0.30, consisting of one common share and half a warrant [1] - Regular units priced at $0.25, consisting of one common share and one warrant [1] - Each whole warrant allows the purchase of one common share at an exercise price of $0.35 for up to 24 months post-closing [2]. Use of Proceeds - Net proceeds from the Premium FT Units and FT Units will fund eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador [3] - Proceeds from the regular Units will support ongoing exploration drilling, working capital, and general corporate purposes [3]. Closing and Conditions - The offering is expected to close around October 30, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [6]. - The securities will have a hold period of four months and one day from the closing date [6]. Agent's Role and Compensation - Research Capital Corporation acts as the sole agent and bookrunner, receiving a cash fee of 6.0% of gross proceeds and broker warrants equal to 6.0% of the total units sold [7].

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]