Patriot Resources Announces Subscription Receipt Financing and Board Change <!-- Twitter Tags --> <!-- Facebook Tags --> <!-- Injecting site-wide to the head --> <!-- End Injecting site-wide to the head --><!-- Inject secured cdn script --> <!-- ========= Meta Tags ========= --> <!-- PWA settings --> <!-- Add manifest --> <!-- End PWA settings --> <!--Add favorites icons--><!-- End favorite icons --> <!-- render the required CSS and JS in the head section --> <!-- loadCSS function header.jsp--> <!-- Google ...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, March 24, 2026 (GLOBE NEWSWIRE) -- Tincorp Metals Inc. ("Tincorp" or the "Company") (TSXV: "TIN") is pleased to announce the closing of its offering (the "Offering") of 43,750,000 subscription receipts (the "Subscription Receipts") at C$0.40 per Subscription Receipt for aggregate gross proceeds of C$17,5 ...

Core Viewpoint - J2 Metals Inc. has successfully closed the second and final tranche of its non-brokered private placement financing, raising a total of $3,800,000, which was upsized from an initial target of $2,500,000 [1][2]. Financing Details - The second tranche consisted of 6,577,800 Subscription Receipts, generating gross proceeds of $1,644,450, while the first tranche raised $2,155,550 [2]. - Each Subscription Receipt will convert into one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at an exercise price of $0.40 for 24 months [3]. Use of Proceeds - The net proceeds from the Subscription Receipt Offering will be utilized for general corporate purposes, including advancing the Miniac Project in Quebec's Abitibi Greenstone Belt [4][3]. Insider Participation - Insiders of the Company, including Thomas Lamb, Toby Pierce, and Graham Giles, participated in the second tranche, purchasing a total of 604,000 Subscription Receipts for an aggregate amount of $151,000 [7]. Project Overview - J2 Metals Inc. is focused on gold and silver exploration projects in established mining jurisdictions, including Mexico, Québec, and Alaska. The Miniac Project has shown strong discovery potential with reported grades of up to 4.8 g/t gold and 6.9% zinc [8]. - The Napoleon Project in Alaska is located in a prolific placer gold camp, with historical drilling indicating significant mineralization potential [8].

Core Viewpoint - Carlyle Commodities Corp. has successfully upsized its non-brokered private placement by an additional $400,000, bringing the total gross proceeds to $4,150,000 due to strong investor demand [1][2]. Group 1: Private Placement Details - The additional third tranche of the private placement is expected to generate approximately $400,000, subject to customary closing conditions and regulatory approvals [2]. - The private placement involves the issuance of subscription receipts at a price of $0.01 per receipt, which will convert into units upon satisfaction of the closing conditions [3]. - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at an exercise price of $0.015 for 18 months [3]. Group 2: Use of Proceeds - The net proceeds from the private placement will be held in escrow and are intended for exploration work on the Silver Pony Resources Trout Lake Projects and general working capital [5]. - If the escrow release condition is not met within 180 days, the net proceeds will be returned to subscribers [5]. Group 3: Company Overview - Carlyle is a mineral exploration company focused on acquiring, exploring, and developing mineral resource properties, including the Quesnel Gold Project and the Nicola East Mining Project [8].

Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the second tranche of its brokered private placement, raising a total of $57,500,690 through the issuance of Subscription Receipts, which will be used to fund the acquisition of the Del Toro Silver Mine and for general working capital purposes [1][2][5]. Group 1: Offering Details - The second tranche involved the issuance of 13,709,576 Subscription Receipts at a price of $1.30 each, generating gross proceeds of $17,822,449 [1]. - Combined with the first tranche, the total number of Subscription Receipts issued is 44,231,300, resulting in total gross proceeds of $57,500,690 [1]. - The Offering was facilitated by Beacon Securities Limited as the lead agent, along with other agents including Canaccord Genuity Corp., BMO Capital Markets, and VSA Capital Limited [1]. Group 2: Transaction and Use of Proceeds - The proceeds from the Offering will primarily be used to finance the acquisition of the Del Toro Silver Mine from First Majestic Silver Corp. [2][5]. - The net proceeds will also support exploration and development activities at Del Toro and provide general working capital for the company [5]. Group 3: Escrow and Conditions - The gross proceeds from the second tranche, amounting to $17,569,531, have been placed into escrow, subject to the satisfaction of certain escrow release conditions [4]. - If the escrow release conditions are met by May 14, 2026, the remaining 50% of the Agents' Fees will be released to the agents, and the balance will be available to the company [4]. - Should the conditions not be satisfied, the escrowed proceeds will be returned to the holders of the Subscription Receipts [4]. Group 4: Fees and Compensation - The company paid the agents a cash commission and corporate finance fee of $452,072, with half of this amount placed into escrow [6]. - Additionally, the agents received 346,479 compensation options, allowing them to purchase common shares at the issue price within 24 months [6]. Group 5: Regulatory and Legal Considerations - The securities issued in connection with the second tranche are subject to a four-month hold period and require final approval from the TSX Venture Exchange [7]. - The securities have not been registered under U.S. securities laws and cannot be offered or sold in the United States unless registered or exempt [8].

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]

Core Viewpoint - Carlyle Commodities Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $2,855,000 to support its business combination with Silver Pony Resources Corp. [1][2] Group 1: Private Placement Details - The private placement involved the issuance of 285,500,000 subscription receipts at a price of $0.01 each, which will convert to units upon satisfaction of certain conditions [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant exercisable at $0.015 for 18 months [2] - The net proceeds will be held in escrow and used for exploration work on the Trout Lake Projects and general working capital, pending the satisfaction of the Escrow Release Condition [3][4] Group 2: Financial Arrangements - Carlyle paid a cash commission of $128,000 to eligible finders and issued 12,800,000 finder's warrants, each exercisable into a unit at $0.01 for 18 months [5] - Each finder's unit consists of one share and one-half of a warrant, with the full warrant exercisable at $0.015 per share for 18 months [5] Group 3: Company Overview - Carlyle is focused on mineral exploration, owning the Quesnel Gold Project and holding an option for the Nicola East Mining Project [8]

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].

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].

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]