TSX Venture Exchange

Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million

Retrieved on: 
Friday, December 2, 2022

TORONTO, ON, Dec 3, 2022 - (ACN Newswire) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.

Key Points: 
  • TORONTO, ON, Dec 3, 2022 - (ACN Newswire) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.
  • In addition, the Company's non-brokered flow-through unit financing ("FT Units") to be issued at unit price ("FT Unit Price") remains unchanged.
  • Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation.
  • A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland.

Poet Technologies Announces Closing of C$4.4 Million Private Placement of Units

Retrieved on: 
Friday, December 2, 2022

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, announces that it has completed its previously announced non-brokered private placement (the "Offering") of an aggregate 1,126,635 units of the Corporation (the "Units") at a price of C$3.81 (US$2.78) per Unit for aggregate gross proceeds of C$4,292,479.35 (US$3,132,045.30).

Key Points: 
  • Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$4.95 (US$3.61) per Common Share for a period of three years following the closing date of the Offering.
  • Glen Riley, a director of the Corporation, subscribed for 10,000 Units under the Offering for gross proceeds of C$38,100 (US$27,800).
  • POETs Optical Interposer eliminates costly components and laborintensive assembly, alignment, burnin and testing methods employed in conventional photonics.
  • POET is headquartered in Toronto, with operations in Allentown, PA, Shenzhen, China and Singapore.

Prime Mining Corp. Announces Upsize of Previously Announced Bought Deal Private Placement Financing to $18.3 Million

Retrieved on: 
Friday, December 2, 2022

VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is pleased to announce that in connection with its previously announced bought deal private placement, the Company and Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. (the “Co-Leads Underwriters” and collectively with the syndicate of underwriters, the “Underwriters”) have agreed to increase the size of the previously announced offering from $16,500,000 to $18,300,000. Pursuant to the amended terms, the Underwriters will offer for sale, on a bought deal basis, 12,200,000 units of the Company (the “Units”) at a price of $1.50 per Unit (the “Offering Price”) for aggregate gross proceeds to Prime of $18,300,000 (the “Offering”). Each Unit will consist of one common share in the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant shall be exercisable for one Common Share at an exercise price of $2.00 for a period of 36 months following the Closing Date (as defined below). If, following the Closing Date, the volume weighted average trading price of the Shares on the TSX Venture Exchange (“TSXV”) for any 10 consecutive trading days equals or exceeds $2.50, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 20 days following the date of such written notice.

Key Points: 
  • Each Unit will consist of one common share in the Company (each a Common Share) and one common share purchase warrant (each a Warrant).
  • The Company has not registered and will not register the securities under the U.S. Securities Act of 1933, as amended.
  • Prior to Primes acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies.
  • Results to date suggest the three known main deposit areas, Guadalupe, Central and Z-T, are larger than previously reported.

Nicola Mining Inc. And Osisko Development Corp Sign Memorandum of Understanding

Retrieved on: 
Friday, December 2, 2022

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that it and Osisko Development Corp (NYSE: ODV) (TSXV: ODV) ("Osisko") have signed a Memorandum of Understanding ("MOU") for the processing of gold mill feed currently stock piled at Osisko's site, located in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - December 2, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that it and Osisko Development Corp (NYSE: ODV) (TSXV: ODV) ("Osisko") have signed a Memorandum of Understanding ("MOU") for the processing of gold mill feed currently stock piled at Osisko's site, located in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel.
  • Under the MOU, Osisko hopes to transport approximately 15,000 tonnes of mineralized material to Nicola's mill site, located near Merritt, British Columbia.
  • Nicola's Merritt Mill site is a unique milling and processing facility because the Company owns the industrial-zoned site free-hold.
  • Nicola Mining Inc. is a junior mining company listed on the TSX Venture and Frankfurt Exchanges that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia.

Abacus Announces Warrant Extension

Retrieved on: 
Friday, December 2, 2022

VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) announces that the Company has applied to extend the exercise period of a total of 10,770,000 share purchase warrants, all of which are exercisable at $0.08 per share (collectively, the "Warrants").

Key Points: 
  • VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) announces that the Company has applied to extend the exercise period of a total of 10,770,000 share purchase warrants, all of which are exercisable at $0.08 per share (collectively, the "Warrants").
  • The Warrant extension is subject to acceptance by the TSX Venture Exchange.
  • For the latest reports and information on Abacus projects, please refer to the Companys website at www.amemining.com.
  • All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements.

Digihost Announces Y/Y YTD 45% Increase in Bitcoin Production and Provides Operations Update

Retrieved on: 
Friday, December 2, 2022

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based Bitcoin (“BTC”) mining company, is pleased to provide unaudited comparative BTC production results for the month ended November 30, 2022, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated.

Key Points: 
  • When combined with Digihosts current operations total computing capacity from the Companys New York State (NY) operations is projected to be approximately 1.7 EH.
  • The Alabama Phase 1 build-out is continuing on schedule and on budget, with testing of mining equipment beginning in December.
  • Through its self-mining operations and joint venture agreements, the Company is currently hashing at a rate of approximately 650 PH/s.
  • All hosting fees and joint venture profit sharing are treated as production costs in the Companys consolidated financial statements.

Austral Gold Begins Drilling at Jaguelito in Argentina

Retrieved on: 
Friday, December 2, 2022

Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "As part of our strategic alliance with Mexplort, we are pleased to announce the start of our first phase of drilling at the Jaguelito project.

Key Points: 
  • Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "As part of our strategic alliance with Mexplort, we are pleased to announce the start of our first phase of drilling at the Jaguelito project.
  • Austral plans to complete the First Stage of approximately 5,000m of diamond drilling (DDH) in 15 to 20 holes at Jaguelito Norte and Jaguelito Sur.
  • - At Jaguelito Norte, five drilling targets have been identified and in this stage at least three targets are expected to be tested with 3,500 meters of DDH drilling.
  • Progress is being made in the delineation process and our objective is to define drilling targets to be tested with 1,500 meters of drilling.

Just Energy Announces Recognition of Reverse Vesting Order

Retrieved on: 
Thursday, December 1, 2022

The Recognition Order was issued under Chapter 15 of Title 11 of the U.S. Code (the Chapter 15 Proceedings).

Key Points: 
  • The Recognition Order was issued under Chapter 15 of Title 11 of the U.S. Code (the Chapter 15 Proceedings).
  • About Just Energy Group Inc.
    Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers.
  • Currently operating in the United States and Canada, Just Energy serves residential and commercial customers.
  • Just Energy is the parent company of Amigo Energy, Filter Group, Hudson Energy, Interactive Energy Group, Tara Energy, and Terrapass.

Chibougamau Independent Mines Drilling at Berrigan Intersects Wide Mineralized Zones

Retrieved on: 
Thursday, December 1, 2022

Geo., President and CEO of Chibougamau Independent Mines Inc. in their capacities as Qualified Person (Q.P.)

Key Points: 
  • Geo., President and CEO of Chibougamau Independent Mines Inc. in their capacities as Qualified Person (Q.P.)
  • Chibougamau Independent Mines core sampling including the quality assurance/quality control program is performed internally by Chibougamau Independent Mines personnel under the immediate supervision of Chibougamau Independent Mines project geologist.
  • The samples are prepared in the coreshack, they are tagged and sealed in plastic bags and are delivered directly by Chibougamau Independent Mines personnel to Expert Laboratories Inc, located at 750-A, rue Saguenay, Rouyn-Noranda.
  • Analytical accuracy and precision are monitored by the routine insertion of blanks, duplicates and reference accredited low/high grade standards at 20 sample intervals in Chibougamau Independent Mines sample stream.

Prime Mining Corp. Announces C$16.5 Million Bought Deal Private Placement Financing

Retrieved on: 
Thursday, December 1, 2022

VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is pleased to announce that it has entered into an agreement with Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. (the “Co-Leads Underwriters” and collectively, the “Underwriters”) whereby the Underwriters have agreed to purchase for resale, on a bought deal private placement basis, 11,000,000 units (the “Units”) at a price of $1.50 per Unit for gross proceeds of approximately $16,500,000 (the “Offering”). Each Unit will consist of one common share in the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant shall be exercisable for one Common Share at an exercise price of $2.00 for a period of 36 months following the Closing Date (as defined below). If, following the Closing Date, the volume weighted average trading price of the Shares on the TSX Venture Exchange (“TSXV”) for any 10 consecutive trading days equals or exceeds $2.50, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 20 days following the date of such written notice.

Key Points: 
  • Prime has also been informed that Pierre Lassonde intends to participate in the Offering.
  • The Units will be offered for sale on a private placement basis in all of the provinces ofCanadapursuant to applicable exemptions from the prospectus requirements of Canadian securities laws.
  • Prior to Primes acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies.
  • Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Los Reyes Project.