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Northfield Capital Announces Up to $10 Million Brokered Financing
Globenewswire· 2025-11-19 12:05
Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) is pleased to announce a brokered financing (the “Offering”) of units of the Company (the “Units”) at a price of $5.50 per Unit (the “Issue Price”) for aggregate gross proceeds of up to $10,000,001. Each Unit will consist of o ...
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].
Omega Pacific Closes First Tranche of Offering
Newsfile· 2025-08-18 20:43
Core Points - Omega Pacific Resources Inc. has closed the first tranche of its non-brokered private placement, raising a total of $292,500 [1] - The proceeds from the offering will be allocated to an exploration program on the Williams Property and for general working capital [1] Group 1: Offering Details - The first tranche included the sale of 570,372 flow-through units for gross proceeds of $77,000 and 2,155,000 non flow-through units for gross proceeds of $215,500 [1] - Each non flow-through unit consists of one common share and one share purchase warrant exercisable at $0.15 for a two-year period [2] - Each flow-through unit consists of one flow-through common share and one share purchase warrant exercisable at $0.20 for a two-year period [3] Group 2: Finder's Fees and Warrants - The company paid a total of $16,450 in cash and issued 155,426 finder's warrants to eligible finders [4] - The finder's warrants include 25,926 exercisable at $0.135 and 129,500 exercisable at $0.10, both for up to two years [4] Group 3: Regulatory and Tax Considerations - All securities issued are subject to a hold period of four months and one day from the date of issuance [5] - The flow-through shares will qualify as "flow-through shares" under the Income Tax Act (Canada) and will be used to incur "Canadian exploration expense" [5] Group 4: Company Focus - Omega Pacific is focusing its resources on the Williams Property after terminating its option agreement for the Lekcin property [6] - The Williams Property is located in BC's Toodoggone District, which is gaining attention from major mining companies [7] - In 2024, Omega Pacific discovered a significant bulk tonnage gold system at the GIC Prospect on the Williams Property [7]