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Silver Sands Closes Private Placement and Debt Settlement
TMX Newsfile· 2026-02-13 22:59
Core Viewpoint - Silver Sands Resources Corp. has successfully closed a private placement financing and entered into debt settlement agreements to strengthen its financial position and support operational activities [1][3][4]. Financing Details - The company issued 6,499,333 Units at a price of $0.075 per Unit, resulting in gross proceeds of approximately CAD 487,449.98 [1]. - Each Unit consists of one common share and one-half of a transferable share purchase warrant, with each whole warrant exercisable at $0.15 per common share for 24 months [1]. - A finders fee of 7% was paid, totaling CAD 20,571.25 in cash, along with the issuance of 274,283 non-transferable finders warrants [2]. Debt Settlement - The company settled debts with three directors and the corporate secretary by issuing 2,365,000 Units at a deemed price of $0.075 per Unit, addressing a total indebtedness of CAD 177,375.00 [3]. - Similar to the private placement, each Unit in the debt settlement consists of one common share and one-half of a transferable share purchase warrant [3]. Use of Proceeds - The proceeds from both the private placement and debt settlement will be utilized for general working capital and property investigation [4]. - A total of 8,864,333 common shares and 4,432,166 Warrants will be subject to a hold period until June 14, 2026 [4]. Company Overview - Silver Sands Resources Corp. is engaged in mineral exploration and acquisition of mineral property assets in mining-friendly jurisdictions, focusing on developing economic precious and base metal properties [5].
Vault Strategic Mining Announces Intention To Extend Warrant Expiry Date
Thenewswire· 2026-01-21 01:30
Core Viewpoint - Vault Strategic Mining Corp. intends to extend the expiry date of 2,000,000 share purchase warrants from February 14, 2026, to August 14, 2026, which were issued in a private placement [1] Group 1: Warrant Details - The Warrants are exercisable at prices of $0.20 and $0.50 per common share and are subject to an acceleration clause [1] - Holders of the Warrants will need to submit their original Warrant certificate to exercise them, and no amended Warrant certificate will be issued [3] Group 2: Related Party Transactions - Certain Warrants are held by insiders, qualifying as "related parties," making the amendment a "related party transaction" under Multilateral Instrument 61-101 [2] - Exemptions from formal valuation and minority approval requirements apply since the fair market value of the Related Party Warrants does not exceed 25% of the Company's market capitalization [2] Group 3: Company Overview - Vault Strategic Mining Corp. focuses on acquiring and advancing strategic and critical mineral projects in top-tier mining jurisdictions, emphasizing historical and underexplored assets [4] - The Company trades on the TSX Venture Exchange (TSXV: KNOX), OTC Markets (OTC: KNXFF), and the Frankfurt Stock Exchange (FSE: M85) [5]
Lux Metals Upsizes Private Placement to $3,500,000
TMX Newsfile· 2025-12-24 00:24
Core Viewpoint - Lux Metals Corp. has increased its private placement from 12,500,000 units to 17,500,000 units due to strong investor demand, aiming for total gross proceeds of up to $3,500,000 at a price of $0.20 per unit [1] Group 1: Private Placement Details - Each unit will consist of one common share and one transferable share purchase warrant, with the warrant exercisable into one additional share for two years at a price of $0.40 per share [2] - The gross proceeds from the issuance of the units will be allocated for exploration costs and general working capital [3] - The company may pay finders' fees in cash and/or non-transferable warrants in connection with the placement, subject to TSXV policies and applicable securities laws [4] Group 2: Regulatory and Compliance Information - The company anticipates closing the placement as soon as practicable, pending necessary regulatory approvals, including TSXV approval [4] - All securities issued under the placement will be subject to regulatory holds expiring four months and one day from the date of issue [4]
Lux Metals Announces $2,500,000 Private Placement, Debt Settlement and Market Maker Agreement
Newsfile· 2025-12-11 01:00
Core Viewpoint - Lux Metals Corp. is undertaking a private placement to raise $2,500,000 through the issuance of 12,500,000 units at a price of $0.20 per unit, which will consist of common shares and warrants [1][2]. Group 1: Private Placement Details - The private placement will consist of 12,500,000 units priced at $0.20 each, aiming for total gross proceeds of $2,500,000 [1]. - Each unit includes one common share and one transferable share purchase warrant, with the warrants exercisable at $0.40 per share for two years [1]. - An "Acceleration Event" will trigger the expiration of the warrants if the shares trade at $0.60 or more for ten consecutive trading days [1]. Group 2: Use of Proceeds - The gross proceeds from the private placement will be allocated for exploration costs and general working capital [2]. Group 3: Debt Settlement - The company has agreed to settle $107,000 of debt by issuing 535,000 shares at a deemed price of $0.20 per share, subject to regulatory approval [4]. Group 4: Market Maker Agreement - Lux Metals has retained Venture Liquidity Providers Inc. to provide market-making services, with a fee of $5,000 per month for three months [5][6]. - The market-making service will be conducted through a registered broker, ensuring compliance with TSXV policies [6].
Unigold Proposes to Extend Warrants
Newsfile· 2025-12-09 21:18
Core Viewpoint - Unigold Inc. intends to extend the expiry dates of 53,433,675 share purchase warrants to March 31, 2026, maintaining the exercise price at $0.30 per share [1]. Group 1: Warrant Details - The warrants were originally set to expire on December 31, 2024, and are part of various private placements [1]. - A total of 3,797,660 warrants are held by related parties, which classifies the amendment as a "related party transaction" under relevant regulations [3]. - The company will file a material change report upon receiving approval from the TSX Venture Exchange for the warrant extensions [3]. Group 2: Private Placement Information - The warrants were issued through several private placements, including: - 12,596,175 warrants from a placement that closed on August 10, 2021, with 375,850 to insiders [7]. - 8,750,000 warrants from a placement that closed on September 7, 2022, with 1,850,000 to insiders [7]. - 1,150,000 warrants from a placement that closed on September 12, 2022 [7]. - 6,875,000 warrants from a placement that closed on November 1, 2022 [7]. - 8,008,750 warrants from a placement that closed on May 10, 2023, with 850,000 to insiders [7]. - 16,053,750 warrants from a placement that closed on May 16, 2023, with 528,750 to insiders [7].
Northfield Capital Announces Up to $10 Million Brokered Financing
Globenewswire· 2025-11-19 12:05
Core Points - Northfield Capital Corporation is conducting a brokered financing offering units at a price of $5.50 per unit, aiming for gross proceeds of up to $10,000,001 [1][3] - Each unit consists of one class A restricted voting share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $7.50 for three years [1] - The net proceeds will be allocated for operational expenditures and general corporate purposes [3] Offering Details - Integrity Capital Group Inc. is the lead agent and will receive a 6% cash commission on gross proceeds, with compensation options for agents based on units sold [2] - The offering is subject to TSX Venture Exchange approval and is expected to close around December 2, 2025 [3] Regulatory Compliance - The units will be offered under National Instrument 45-106, exempting them from a hold period in Canada [4] - Certain insiders may participate in the offering, which is classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6][12] Class B Share Issue - The company plans to issue up to 2,388 Class B multiple voting shares to Mr. Robert Cudney at a price of $6.20 per share, totaling gross proceeds of up to $14,806 [8][9] - This issuance is to maintain Mr. Cudney's voting interest following the offering and is subject to Exchange approval [10][11] Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [14]
Nobel Announces Private Placement Offerings
Globenewswire· 2025-10-29 20:03
Core Viewpoint - Nobel Resources Corp. has announced a new financing initiative, the LIFE Offering, aiming to raise between $1.5 million and $2.5 million through the sale of units priced at $0.05 each, with a closing date anticipated around November 17, 2025 [1][8]. Group 1: Offering Details - The LIFE Offering will consist of a minimum of 30,000,000 units and a maximum of 50,000,000 units, with each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant will allow the holder to purchase one share at a price of $0.06 for a period of 24 months following the closing date, with a 70-day waiting period before exercise [2]. - The company will pay a cash commission of 7% on the gross proceeds to the agents and issue broker warrants equal to 7% of the total units sold [3]. Group 2: Regulatory and Compliance - The LIFE Offering will be available to purchasers in all Canadian provinces except Québec, under the listed issuer financing exemption [4]. - The securities from the LIFE Offering are expected to be freely tradable under Canadian securities legislation if sold to Canadian residents [4]. Group 3: Additional Offerings - In addition to the LIFE Offering, the company plans a concurrent non-brokered private placement of up to 20,000,000 units [5]. - Participation from certain insiders in the non-brokered offering will be classified as a related party transaction, with the company relying on exemptions from formal valuation requirements [6]. Group 4: Use of Proceeds - The net proceeds from both offerings will be allocated towards exploration work on the company's mineral properties in Chile, as well as for general corporate and working capital purposes [7]. Group 5: Closing and Approval - The offerings are subject to necessary approvals, including that of the TSX Venture Exchange, and are expected to close on or before 45 days from the announcement date [8]. Group 6: Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing mineral projects, backed by a team with a strong exploration success record [12].
Omega Pacific Closes Non-Brokered Private Placement
Newsfile· 2025-10-15 13:57
Core Points - Omega Pacific Resources Ltd. has closed a final tranche of its non-brokered private placement, raising gross proceeds of $200,000 by selling 1,600,000 flow-through units at a price of $0.125 per unit [1] - The proceeds from the offering will be allocated to a planned exploration program on the Williams Property in British Columbia's Toodoggone District [1] Financial Details - Each flow-through unit consists of one flow-through common share and one share purchase warrant, which can be exercised into an additional non-flow-through common share at a price of $0.15 for a period of two years [2] - The company paid $16,000 in cash and issued 128,000 finder's warrants to eligible finders in connection with the sale of the units [3] Tax and Regulatory Information - The flow-through shares qualify as "flow-through shares" under the Income Tax Act (Canada), and the proceeds will be used to incur "Canadian exploration expense" [4] - All securities issued are subject to a hold period of four months and one day from the date of issuance [3] Exploration Strategy - The Williams Property hosts a robust, bulk tonnage epithermal gold system, with significant gold mineralization identified in previous drill holes [6] - The 2025 exploration program will focus on a 1,400 x 400 m zone to extend mineralization from 2024 drill locations [6] Company Overview - Omega Pacific Resources Ltd. is a Canadian mineral exploration company focused on discovering and developing precious metal projects in British Columbia [7] - The company is committed to responsible exploration and the judicious use of capital [7]
Oracle Commodity Holding Increases Non-Brokered Private Placement to $280,000
Newsfile· 2025-10-09 18:15
Core Viewpoint - Oracle Commodity Holding Corp. has increased its non-brokered private placement financing due to high demand, raising the offering from 7,500,000 units to 8,000,000 units, with potential gross proceeds of $280,000 [1] Group 1: Offering Details - The Offering consists of 8,000,000 units priced at $0.035 per unit, each unit includes one common share and one transferable common share purchase warrant [1] - Each warrant allows the holder to acquire an additional common share at an exercise price of $0.06 for three years [1][2] - A Finder's fee of up to 7% in Finder's Units will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] Group 2: Insider Participation - Company insiders will subscribe for up to 1,750,000 units, generating gross proceeds of up to $61,250 [3] - The issuance of units to insiders is classified as a related party transaction, relying on exemptions from formal valuation and minority shareholder approval requirements [3] Group 3: Regulatory and Closing Information - The Company is utilizing the TSX Venture Exchange's minimum price exemption and anticipates closing the Offering soon, subject to necessary regulatory approvals [4] - The units will be issued on a private placement basis and will be subject to a statutory hold period of four months and one day from the issuance date [4] Group 4: Use of Proceeds - The net proceeds from the Offering will be used for general corporate purposes and to pay for the cash consideration for acquiring a 2% royalty from U.S. Fluorspar LLC over certain fluorspar projects [5] - No proceeds will be allocated to payments to non-arm's length parties, except for normal compensation of officers, directors, employees, and consultants [5] Group 5: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [6]
Plethora Precious Metals Files Early Warning Report for Kingfisher Metals Corp.
GlobeNewswire News Room· 2025-08-21 00:30
Core Viewpoint - Plethora Precious Metals Fund has updated its ownership status in Kingfisher Metals Corp, indicating a decrease in its stake to below 10% following recent transactions and warrant expirations [1][7]. Group 1: Ownership and Transactions - On January 16, 2025, Kingfisher Metals Corp closed an offering of 11,482,030 units at C$0.165 per unit, raising gross proceeds of C$1,894,535, with Plethora acquiring 750,000 units [2]. - Following the January Offering, Plethora owned 4,003,178 common shares and 1,246,668 warrants, representing 7.32% and 9.39% of the issued shares on an undiluted and partially diluted basis, respectively [2]. - As of August 3, 2023, Plethora owned 12,515,887 shares and 3,233,444 warrants, representing 9.60% and 11.78% of the issued shares on an undiluted and partially diluted basis, respectively [4]. - On April 8, 2024, Kingfisher Metals Corp consolidated its shares at a ratio of five pre-consolidation shares for one post-consolidation share [4]. - Following the June Offering and the expiration of 496,688 warrants on August 25, 2025, Plethora's ownership decreased to 4,003,178 shares and 750,000 warrants, representing 4.52% and 5.32% of the issued shares on an undiluted and partially diluted basis, respectively [5]. Group 2: Future Intentions - Plethora holds its investment in Kingfisher Metals Corp for investment purposes and may adjust its ownership based on market conditions through various means [6].