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Domestic Metals Appoints Gordon Neal to the Board and Closes First Tranche of LIFE Offering
Globenewswire· 2025-10-09 20:05
Company Overview - Domestic Metals Corp. is a mineral exploration company focused on discovering large-scale copper and gold deposits in historical mining project areas in the Americas [10] - The company aims to find new economic mineral deposits in geologically attractive mining jurisdictions, where favorable grades have been indicated by historic drilling and sampling [10] Leadership Appointment - Mr. Gordon K. Neal has been appointed to the board of directors, effective October 3, 2025 [1] - Mr. Neal has extensive experience in the metals and mining industry, including roles as CEO & Director of Tincorp Metals Inc., President of New Pacific Metals Corp., and Vice President of Corporate Development at Mag Silver Corp. and Silvercorp Metals Inc. [2] - His governance experience includes serving on the boards of several companies, contributing to strategic insights and corporate development [2] Financial Activities - Domestic Metals Corp. has closed the first tranche of the LIFE Offering, issuing 4,695,715 units at a price of $0.28 per unit, resulting in gross proceeds of $1,314,800 [5] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.40 for three years [5] - Finders received 6% cash and 7% non-transferable broker warrants, with specific amounts allocated to Harbourfront Wealth Management and CapSolutions [6] Use of Proceeds - The net proceeds from the Offering are intended for general working capital and exploration and development costs [7]
SONORO GOLD ANNOUNCES FURTHER INCREASE IN PRIVATE PLACEMENT
Globenewswire· 2025-09-05 20:30
Core Points - Sonoro Gold Corp. has increased its non-brokered private placement to 13,350,000 units, raising gross proceeds of CAD $2,002,500 in response to strong investor demand [1][2] - Each unit is priced at CAD $0.15 and includes one common share and one common share purchase warrant, which can be exercised at CAD $0.22 per share for two years [2] - The net proceeds will be allocated to the ongoing development of the Cerro Caliche gold project in Sonora, Mexico, as well as for working capital [4] Company Overview - Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico [5] - The company has a management team with extensive experience in discovering and developing natural resource deposits [5]