TSX Venture Exchange

Adventus Mining Announces Upsized Bought Deal Financing to $6 Million

Retrieved on: 
Thursday, January 12, 2023

TORONTO, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus Mining”) (TSX-V: ADZN, OTCQX: ADVZF) is pleased to announce that due to investor demand, it has amended the terms of its previously announced bought deal financing (the “Offering”) such that the syndicate of underwriters (the “Underwriters”) jointly led by Raymond James Ltd. and National Bank Financial Inc. has agreed to purchase on a bought deal basis 11,538,461 common shares of the Company (“Common Shares”) at a price of $0.52 per Common Share (the “Offering Price”) for gross proceeds to the Company of approximately $6 million, representing an increase from the previously announced Offering of 9,615,384 Common Shares at the Offering Price for total gross proceeds of approximately $5 million.

Key Points: 
  • In the event that the over-allotment option is exercised in full, the gross proceeds of the Offering will be approximately $6.9 million.
  • The Company intends to use the net proceeds of the Offering for exploration activities at the Santiago Project, including drilling, as well as for working capital and general corporate purposes.
  • The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
  • Securities Act”), or any applicable U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S.

Surge Copper Announces Upsize of Private Placement to $3.9 million

Retrieved on: 
Thursday, January 12, 2023

Vancouver, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) announces an upsize to its previously announced non-brokered private placement, announced on January 10, 2023, from approximately $1.25 million to approximately $3.9 million (the “Offering”).

Key Points: 
  • Not for distribution to U.S. newswire services or dissemination in the United States
    Vancouver, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG ) (OTCQX: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) announces an upsize to its previously announced non-brokered private placement, announced on January 10, 2023, from approximately $1.25 million to approximately $3.9 million (the “Offering”).
  • Each Unit will comprise one common share and one-half of one transferrable common share purchase warrant (each whole such common share purchase warrant, a “Warrant”).
  • Each Charity FT Unit will consist of one charity flow-through common share and one-half of one Warrant to be issued on a non-flow-through basis.
  • Each Warrant shall be exercisable into one additional common share for twelve months from closing at an exercise price of C$0.20 per Warrant.

Lithium Ionic 2022 Year-in-Review: Corporate Launch, Successful Exploration, and Upcoming Maiden Mineral Resource Estimate

Retrieved on: 
Thursday, January 12, 2023

Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, “2022 was an exciting year of growth for our Company.

Key Points: 
  • Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, “2022 was an exciting year of growth for our Company.
  • We have an excellent team in place who hit the ground running from the moment Lithium Ionic was formed.
  • Lithium Ionic launched on the TSXV last May at a $0.70 per share valuation, hitting a peak of $2.02 per share last month.
  • A maiden NI 43-101 compliant mineral resource estimate is expected in early 2023, which will represent a major milestone and provide a foundation for future growth.

Adventus Mining Announces $5 Million Bought Deal Public Offering of Common Shares

Retrieved on: 
Wednesday, January 11, 2023

TORONTO, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus Mining”) (TSX-V: ADZN, OTCQX: ADVZF) is pleased to announce that it has entered into an agreement with Raymond James Ltd. and National Bank Financial Inc. acting as joint bookrunners on behalf of a syndicate of underwriters (collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, approximately 9.6 million common shares of the Company (“Common Shares”) at a price of $0.52 per Common Share for gross proceeds of approximately $5 million (the “Offering”).

Key Points: 
  • 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.
  • TORONTO, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus Mining”) (TSX-V: ADZN, OTCQX: ADVZF) is pleased to announce that it has entered into an agreement with Raymond James Ltd. and National Bank Financial Inc. acting as joint bookrunners on behalf of a syndicate of underwriters (collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, approximately 9.6 million common shares of the Company (“Common Shares”) at a price of $0.52 per Common Share for gross proceeds of approximately $5 million (the “Offering”).
  • The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
  • Securities Act”), or any applicable U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S.

Probe Metals Inc. Receives Conditional Approval to Graduate to the Toronto Stock Exchange; Announces Name Change to Probe Gold Inc.

Retrieved on: 
Wednesday, January 11, 2023

TORONTO, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has received conditional approval to graduate from the TSX Venture Exchange (the “TSXV”) for the listing (the “Listing”) of the Company's common shares (the “Common Shares”) on the Toronto Stock Exchange (the "TSX"). The move to the TSX comes at the perfect time in the Company’s evolution as it transitions from an explorer to an explorer/developer. The TSX is the largest and most established stock exchange in Canada and provides Probe with a wider audience and additional investor and financing opportunities to meet its needs as a growing company. In conjunction with the new TSX listing, the Company is undertaking a re-branding that includes a name change to Probe Gold Inc., which better reflects our role as a leading Canadian gold explorer and developer, as well as a project name change from Val-d’Or East to Novador, which exemplifies its position as one of the regions newest and brightest gold exploration and development projects in Canada. The rebranding, including new logos and project name, will be captured in an updated website that includes a community portal to update stakeholders on project developments. The updated website is expected to be launched in the coming weeks, and we will issue a News Release announcing the commencement of trading on TSX and new website details.

Key Points: 
  • Probe to gain a listing on the Toronto Stock Exchange, allowing for wider exposure and investor following.
  • The move to the TSX comes at the perfect time in the Company’s evolution as it transitions from an explorer to an explorer/developer.
  • We see a bright future for Canadian gold projects and Probe Gold is ready to take part in the success we see in the coming years.
  • With regards to the name change to Probe Gold Inc., the Company has completed a vertical amalgamation with its wholly owned subsidiary, Probe Gold Inc.(the “Name Change”).

Tearlach Enters Into a Joint Venture Agreement With Blackrock Silver to Develop the Tonopah North Lithium Project, Nevada

Retrieved on: 
Tuesday, January 10, 2023

Morgan Lekstrom, CEO of Tearlach, commented, “This is a significant growth step for Tearlach in becoming a leading multijurisdictional lithium company and for Blackrock Silver diversifying their already world-class silver project.

Key Points: 
  • Morgan Lekstrom, CEO of Tearlach, commented, “This is a significant growth step for Tearlach in becoming a leading multijurisdictional lithium company and for Blackrock Silver diversifying their already world-class silver project.
  • Upon Tearlach completing the Initial Earn-In and exercising the First Option, Tearlach and Blackrock Gold shall enter into a definitive mining joint venture agreement (the “Joint Venture Agreement”) in respect of the management and ownership of the Optioned Zone of the Tonopah North Project (the “Joint Venture”).
  • The parties to the Joint Venture shall contribute to future Expenditures in accordance with their respective participating interests as prescribed in the Joint Venture Agreement.
  • Subject to the terms of the Joint Venture Agreement, Tearlach shall be the initial manager of the Joint Venture and shall have control of the activities and operations of the Joint Venture.

Surge Copper Announces Private Placement for up to $1.25 million

Retrieved on: 
Tuesday, January 10, 2023

Not for distribution to U.S. newswire services or dissemination in the United States

Key Points: 
  • Not for distribution to U.S. newswire services or dissemination in the United States
    Surge Copper Corp. (TSXV: SURG ) (OTCQX: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) announces a non-brokered private placement of up to 9.6 million units (the “Units”) at a price of $0.13 per Unit for aggregate gross proceeds of up to $1.25 million (the “Offering”).
  • Each Unit will comprise one common share and one-half of one transferrable common share purchase warrant (each whole such common share purchase warrant, a “Warrant”).
  • Each Warrant shall be exercisable into one additional common share at an exercise price of $0.20 per Warrant for twelve months from closing.
  • There is an offering document related to this Offering that can be accessed under the issuer’s profile at www.sedar.com and at www.surgecopper.com .

Fancamp Announces Successful Results from Titanium Technology Testing

Retrieved on: 
Tuesday, January 10, 2023

VANCOUVER, British Columbia, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce successful initial results from testing conducted on ore sourced in Quebec, using Fancamp’s proprietary titanium technology.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce successful initial results from testing conducted on ore sourced in Quebec, using Fancamp’s proprietary titanium technology.
  • This technology provides a means to significantly reduce impurities and create high-grade TiO2 feedstock, a downstream benefit to pigment and other multi-billion-dollar titanium-focused industries, and a natural complement to existing processes.
  • The selective leach was able to remove most alkaline elements (salt category elements) such as Magnesium, Calcium and Sodium, among others.
  • The feed chemistry was as follows, at over 100 microns, in order to comply with chloride process requirements:

Canada Carbon Announces Completion of Drilling Program on Its Asbury Property

Retrieved on: 
Monday, January 9, 2023

Chief Executive Officer, Ellerton Castor, said: "These results underline our reasons for tremendous excitement about the future commercial potential of the Asbury property.

Key Points: 
  • Chief Executive Officer, Ellerton Castor, said: "These results underline our reasons for tremendous excitement about the future commercial potential of the Asbury property.
  • We are working on a significant conductor that connects the currently investigated area to the historical Asbury mine, where commercial graphite production was achieved in the past.
  • The current program was located approximately 4.5km from the Asbury mine and the conductor anomaly serves to connect the two areas.
  • This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation.

CE Brands Announces Secured Convertible Note Restructuring and Restructuring of the Vesta Loan Facility into Secured Notes

Retrieved on: 
Monday, January 9, 2023

CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, is pleased to announce its intention to complete a restructuring of its senior secured convertible notes (the “Secured Note Restructuring”) as well as the restructuring into senior secured notes of its US$2,000,000 senior secured facility (the “Vesta Loan Facility”) granted by Vesta Global Stability Fund (“Vesta Fund”) and first announced on June 23, 2022 (the “Vesta Loan Facility Restructuring”, and together with the Secured Note Restructuring, the “Secured Debt Restructuring Transactions”).

Key Points: 
  • CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) -- CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, is pleased to announce its intention to complete a restructuring of its senior secured convertible notes (the “Secured Note Restructuring”) as well as the restructuring into senior secured notes of its US$2,000,000 senior secured facility (the “Vesta Loan Facility”) granted by Vesta Global Stability Fund (“Vesta Fund”) and first announced on June 23, 2022 (the “Vesta Loan Facility Restructuring”, and together with the Secured Note Restructuring, the “Secured Debt Restructuring Transactions”).
  • On November 13, 2021, the Company closed a private placement of senior secured convertible notes (the “November Convertible Notes”) for aggregate capital of $4,000,000, and on May 25, 2022, the Company closed an additional private placement of senior secured convertible notes (the “May Convertible Notes” together with the November Convertible Notes, the “Notes”) for aggregate capital of $1,000,000 (collectively, the “Note Financings”).
  • The Note Financings were each led by certain investment entities managed or advised by Vesta Wealth Partners Ltd. (“Vesta”).
  • The Warrants issued in connection with the Vesta Loan Facility Restructuring will be subject to statutory hold periods in accordance with applicable securities legislation.