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Sierra Madre Announces Closing of Second Tranche of its $57.5 Million Offering
TMX Newsfile· 2026-01-30 14:51
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce it has closed the second and final tranche (the "Second Tranche") of its previously announced brokered private placement of subscription receipts (the "Subscription Receipts") at a price of $1.30 per Subscription Receipt (the "Issue Price"). In connection with the Second Tranche, the Company issued 13,709,576 Subscription Receipts for aggre ...
Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters’ Option
Globenewswire· 2026-01-29 14:47
Core Viewpoint - Li-FT Power Ltd. has successfully closed its previously announced offerings, raising approximately C$48.1 million in gross proceeds, which includes the full exercise of underwriters' options [2][3] Group 1: Offerings Details - The offerings included the sale of 3,876,000 flow-through subscription receipts at a price of C$6.88, generating gross proceeds of C$26,666,880, and 2,209,300 non-flow-through subscription receipts at a price of C$4.30, generating gross proceeds of C$9,499,990 [8] - Additionally, 775,200 flow-through common shares were sold at a price of C$6.45 for gross proceeds of C$5,000,040, and 1,627,800 non-flow-through common shares at the same non-flow-through issue price generated gross proceeds of C$6,999,540 [8] Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through subscription receipts will be used for eligible Canadian exploration expenses related to the Adina-Galinée property in Quebec, with a deadline of December 31, 2027 [5] - Proceeds from the sale of non-flow-through subscription receipts will be allocated towards the Adina-Galinée property and general corporate purposes [5] - The gross proceeds from the sale of flow-through shares will be directed towards qualifying expenditures on the Yellowknife Lithium Project and other exploration properties, also with a deadline of December 31, 2027 [6] Group 3: Underwriters and Commissions - The offerings were led by Canaccord Genuity Corp. as the lead underwriter, with a cash commission of 5.0% of the gross proceeds paid to the underwriters, except for certain purchasers on a president's list [3] Group 4: Insider Participation - Certain directors and officers of the company participated in the offerings, which constituted a related party transaction, exempt from formal valuation and minority shareholder approval requirements [10]
Carlyle Commodities Closes $2,855,000 in Tranche 1 of Its Previously Announced Financing in Connection with Proposed Transaction with Silver Pony Resources
TMX Newsfile· 2026-01-24 01:30
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) ("Carlyle") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Private Placement") for gross proceeds of $2,855,000 through the issuance of 285,500,000 subscription receipts (the "Subscription Receipts") at a price of $0.01 ($0.20 on a post-Consolidation basis) per Subscription Receipt. The Private Placement was conducte ...
Anfield Energy Announces Closing of US$6,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent US$4,000,000 Non-Brokered Private Placement of Subscription Receipts
Globenewswire· 2026-01-13 12:00
Core Viewpoint - Anfield Energy Inc. has successfully closed a non-brokered private placement, raising a total of US$10,000,000 through two offerings, which will be used for various capital projects and general corporate purposes [1][2][4]. Group 1: Offering Details - The LIFE Offering involved the issuance of 1,345,292 common shares at a price of US$4.46 per share, generating gross proceeds of US$6,000,000 [1]. - A concurrent private placement of 896,861 subscription receipts was made to UEC Energy Corp., resulting in additional gross proceeds of US$4,000,000 [2]. - The total gross proceeds from both offerings amounted to US$10,000,000 [2]. Group 2: Subscription Receipts and Conditions - Each subscription receipt allows UEC to receive one common share upon meeting specific escrow release conditions by March 31, 2026 [3]. - The approval of the TSX Venture Exchange is required for UEC's participation, along with a special meeting of disinterested shareholders to approve UEC as a "Control Person" [3][5]. Group 3: Use of Proceeds - The net proceeds from the offerings will be allocated to fund capital commitments for the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, as well as for general corporate purposes and working capital [4]. Group 4: Related Party Transactions - UEC's participation in the Concurrent Offering and Mr. Corey Dias's participation in the LIFE Offering are classified as related party transactions under TSXV Policy 5.9 and MI 61-101 [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value not exceeding 25% of the company's market capitalization [5]. Group 5: Securities Regulations - The LIFE Shares were offered to purchasers in Canada (excluding Quebec) and the United States under specific exemptions from registration requirements [6]. - The subscription receipts are subject to a hold period of four months and a day under Canadian securities laws [6].
Verdera Energy Announces $20 Million Qualifying Transaction Financing
Globenewswire· 2026-01-07 18:08
Core Viewpoint - Verdera Energy Corp. and POCML 7 Inc. are progressing with a proposed transaction that will qualify as a Qualifying Transaction under TSX Venture Exchange policies, involving a subscription receipt offering to raise $20 million [1][2]. Offering Details - The offering will consist of 20,000,000 Subscription Receipts priced at $1.00 each, with an option for agents to purchase an additional 15% for up to $3 million [2]. - Upon meeting escrow release conditions, each Subscription Receipt will convert into one common share of Verdera [3]. - Agents will receive a 5% commission on gross proceeds and broker warrants equivalent to 4% of the total Subscription Receipts sold [4]. Escrow and Conditions - At closing, gross proceeds will be placed in escrow, with conditions for release including the completion of the proposed transaction [5]. - If conditions are not met within 90 days, funds will be returned to Subscription Receipt holders [5]. - Completion of the proposed transaction is subject to TSXV acceptance and other conditions [8][11]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and advancement of the Crownpoint and Hosta Butte Project, including drilling, community relations, and general corporate purposes [6]. Company Overview - Verdera Energy Corp. focuses on developing uranium assets in New Mexico, which is the 7th largest uranium-producing district globally, with significant mineral rights in the Grants Uranium District [14]. - The company aims to meet the growing demand for clean domestic uranium through environmentally sound extraction technology [15].
Labrador Gold acquires subscription receipts of Northern Shield
Yahoo Finance· 2026-01-01 12:15
Group 1 - Labrador Gold (NKOSF) has acquired 16,666,667 Subscription Receipts of Northern Shield Resources for an investment of $1,000,000.02 at a price of $0.06 per Subscription Receipt [1] - The investment is conditional upon receiving LabGold shareholder and regulatory approval for a proposed change of business from a pure exploration company to an exploration and investment issuer [1] - Each Subscription Receipt will convert into one Unit of Northern Shield, which consists of one common share and one common share purchase warrant [1] Group 2 - The warrant allows the holder to purchase one additional common share at a price of $0.10 for a period of 36 months from the Escrow Release Date [1] - LabGold will have pre-emptive rights to participate in future financings of Northern Shield as long as it retains a 10% equity interest [1] - The Units will be subject to a voluntary lockup agreement prohibiting trading for four months from the Escrow Release Date [1] Group 3 - If LabGold shareholders do not approve the Change of Business, the Initial Investment Funds will be returned to LabGold, minus $20,000 for Northern Shield's reasonable expenses related to the financing [1]
Labrador Gold Announces Acquisition of Subscription Receipts of Northern Shield
Globenewswire· 2025-12-31 12:00
Core Viewpoint - Labrador Gold Corp. has acquired 16,666,667 Subscription Receipts of Northern Shield Resources Inc. for an investment of $1,000,000.02, pending shareholder and regulatory approval for a change of business model to include equity investments in other resource companies [1][2]. Investment Details - The Subscription Receipts were purchased at a price of $0.06 each, and upon meeting the Escrow Release Conditions, they will convert into Units consisting of one common share and one warrant [1][4]. - Each warrant allows the purchase of an additional common share at a price of $0.10 for 36 months from the Escrow Release Date [1]. Rights and Conditions - As long as Labrador Gold retains a 10% equity interest in Northern Shield, it will have pre-emptive rights for future financings and the right to appoint a technical advisor for exploration activities [2]. - The Units acquired will be subject to a four-month voluntary lockup agreement post-Escrow Release Date [2]. Ownership Structure - Following the financing, Labrador Gold will beneficially own approximately 10.965% of Northern Shield's issued capital on a non-diluted basis and 19.76% on a partially diluted basis, assuming all warrants are exercised [4]. Future Intentions - The company has stated that the Subscription Receipts were acquired for investment purposes, with no current intention to increase or decrease its holdings in Northern Shield, although it may adjust its ownership through various means [5]. Company Background - Labrador Gold is focused on mineral exploration, particularly in acquiring and exploring gold projects in Eastern Canada [9].
Anfield Energy Amends Previously Announced Private Placement: US$6,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent US$4,000,000 Non-Brokered Private Placement of Subscription Receipts
Globenewswire· 2025-12-24 21:56
Core Viewpoint - Anfield Energy Inc. has amended the terms of its non-brokered private placement, aiming to raise up to US$10,000,000 through the issuance of common shares and subscription receipts, with proceeds allocated for various projects and corporate purposes [1][2][4]. Group 1: Offering Details - The offering will consist of up to 1,345,292 common shares at a price of US$4.46 per share, generating gross proceeds of up to US$6,000,000 [1]. - Uranium Energy Corp. intends to subscribe for up to 896,861 subscription receipts at the same issue price, contributing an additional US$4,000,000 to the total offering [2]. - The total gross proceeds from the offering are expected to reach up to US$10,000,000 [2]. Group 2: Conditions and Approvals - Each subscription receipt will convert into one common share upon satisfaction of specific escrow release conditions by March 31, 2026 [3]. - The offering requires approval from the TSX Venture Exchange (TSXV) and the disinterested shareholders regarding Uranium Energy's participation as a "Control Person" [3][6]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements due to the expected market capitalization impact being below 25% [6]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for capital commitments to the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, along with general corporate purposes and working capital [4]. Group 4: Regulatory Compliance - The LIFE Shares will be offered to purchasers in Canada (excluding Quebec) and in the U.S. under available exemptions from registration requirements [7]. - The LIFE Shares issued to Canadian subscribers will not be subject to a hold period, while the subscription receipts will have a hold period of four months and a day [8].
Rio2 Announces Filing of Prospectus Supplement in Connection with Previously Announced “Bought Deal” Equity Financing
Globenewswire· 2025-12-11 22:47
Core Viewpoint - Rio2 Limited has filed a prospectus supplement to qualify the public distribution of subscription receipts in connection with its equity financing and acquisition of the Condestable mine [1][2]. Equity Financing - The company is offering 74,865,000 subscription receipts at a price of $2.22 each as part of a "bought deal" equity offering [2]. - An over-allotment option has been granted to underwriters, allowing them to purchase up to 15% additional subscription receipts at the same price within 30 days of closing [3]. - The closing of the equity financing is expected around December 15, 2025, pending customary closing conditions and approvals from the Toronto Stock Exchange (TSX) [4]. Acquisition of Condestable Mine - Rio2 has entered into a definitive agreement to acquire a 99.1% interest in the Condestable mine located in Peru [5]. - Details regarding the acquisition, including highlights and rationale, are available in the prospectus supplement [5]. - A technical report on the Condestable mine has been filed and is accessible for further information [6]. Company Overview - Rio2 Limited is focused on mining operations and development, particularly the Fenix Gold Project in Chile [8]. - The company emphasizes high environmental standards and responsible development practices [9].
Rio2 Announces Upsize of Previously Announced Bought Deal Financing to C$166 Million
Globenewswire· 2025-12-09 02:08
Core Points - Rio2 Limited has increased its previously announced "bought deal" financing from C$140 million to approximately C$166 million due to strong investor demand, equating to about US$120 million [1] - The financing involves the purchase of 74,865,000 Subscription Receipts at a price of C$2.22 per receipt, resulting in gross proceeds of C$166,200,300 [1] - An over-allotment option has been granted to the underwriters, allowing them to purchase additional Subscription Receipts equal to 15% of the number sold, exercisable within 30 days following the closing date [2] - The expected closing date for the Equity Financing is around December 15, 2025, pending customary closing conditions and necessary approvals from the TSX [3] Company Overview - Rio2 Limited is a mining company focused on development and mining operations, particularly the Fenix Gold Project in Chile, aiming for production in the shortest timeframe possible [4] - The company emphasizes high environmental standards and responsible development, committing to exceed regulatory requirements to protect the environment [4]