Expiration date

Cerro de Pasco Resources Closes a Subscription Receipt and Private Placement for a total of $2,845,000

Retrieved on: 
Tuesday, April 2, 2024

MONTRÉAL, April 02, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that further to its news release of March 22, 2024, it has closed a second tranche of its previously announced non-brokered private placement offering of subscription receipts to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Key Points: 
  • The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.
  • Under the second tranche, the Corporation has sold 10,150,000 subscription receipts of the Corporation (the “Subscription Receipts”) at a price of $0.10 per Subscription Receipt for aggregate gross proceeds of $1,015,000.
  • In total, the Corporation raised aggregate gross proceeds of $2,560,000 and issued 25,600,000 Subscription Receipts (the “Offering”).
  • Upon the satisfaction of the Release Conditions, 1) each Subscription Receipt will automatically be converted into a unit of the Corporation (“Unit”).

Cerro de Pasco Resources Secures Funds for Easement to Start Drilling Program on its “El Metalurgista” Mining Concession in Peru

Retrieved on: 
Friday, March 22, 2024

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that it has secured the funds to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Key Points: 
  • At this time, we are not aware of any additional requirement that should be met for the granting of the easement and no further delays are expected.
  • With the Minister himself reiterating full support, the signature of the Supreme Resolution is expected imminently.
  • The enforceability of these rights has been formally confirmed by the General Mining Bureau of Peruvian Ministry of Energy and Mines.
  • The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine.

Canter Resources Closes Final Tranche of Its Non-Brokered Private Placement

Retrieved on: 
Tuesday, March 5, 2024

Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce that has closed the final tranche of its non-brokered private placement raising gross proceeds of $250,000 through the issuance of 500,000 units (the "Units") at $0.50 per Unit (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 5, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce that has closed the final tranche of its non-brokered private placement raising gross proceeds of $250,000 through the issuance of 500,000 units (the "Units") at $0.50 per Unit (the "Offering").
  • Joness Lang, CEO and a director of the Company purchased 37,000 Units in the Offering.
  • Mr. Lang also purchased 125,000 Units in the first tranche for a combined total of 162,000 Units.
  • The Company paid finder's fees of $7,000 cash and 14,000 finder's warrants (the "Finder's Warrants") in connection with the closing of the final tranche of the Offering.

Cerro de Pasco Resources Closes Second Tranche of Private Placement for Total Current Financing of $2.0 Million

Retrieved on: 
Monday, January 22, 2024

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) is pleased to announce that, further to its news release of September 22 and November 20, 2023, the Company has closed the final and oversubscribed tranche of its non-brokered private placement (the “Offering”).  In connection with the closing of the final tranche, the Company issued 2,280,000 Units (each, a “Unit”) at $0.10 per Unit for gross proceeds of $228,000.

Key Points: 
  • In connection with the closing of the final tranche, the Company issued 2,280,000 Units (each, a “Unit”) at $0.10 per Unit for gross proceeds of $228,000.
  • Under the two tranches of the Offering, the Company raised aggregate gross proceeds of $2,000,000.
  • Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and half of one unit purchase warrant (a "Warrant").
  • The securities issued in the last tranche of the Private Placement are subject to a four-month-and-one-day statutory hold period expiring on May 18, 2024.

Algernon Pharmaceuticals Announces Increase to Private Placement

Retrieved on: 
Wednesday, December 27, 2023

VANCOUVER, British Columbia, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW0) (OTCQB: AGNPF) (the “Company” or “Algernon”) a Canadian clinical stage pharmaceutical development company announces an increase to its non-brokered private placement, previously announced on December 12, 2023, from gross proceeds of $150,000 to $280,000 (the “Offering”) of units (the “Units”) at an issue price of $0.075 per Unit.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW0) (OTCQB: AGNPF) (the “Company” or “Algernon”) a Canadian clinical stage pharmaceutical development company announces an increase to its non-brokered private placement, previously announced on December 12, 2023, from gross proceeds of $150,000 to $280,000 (the “Offering”) of units (the “Units”) at an issue price of $0.075 per Unit.
  • Each Unit will consist of one Class A common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
  • The Company will use the proceeds of the private placement for working capital purposes.
  • The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S.

Algernon Pharmaceuticals Announces Private Placement

Retrieved on: 
Wednesday, December 13, 2023

VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW0) (OTCQB: AGNPF) (the “Company” or “Algernon”) a Canadian clinical stage pharmaceutical development company announces a non-brokered private placement for gross proceeds of $150,000 (the “Offering”) of units (the “Units”) at an issue price of $0.075 per Unit.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW0) (OTCQB: AGNPF) (the “Company” or “Algernon”) a Canadian clinical stage pharmaceutical development company announces a non-brokered private placement for gross proceeds of $150,000 (the “Offering”) of units (the “Units”) at an issue price of $0.075 per Unit.
  • Each Unit will consist of one Class A common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
  • The Company will use the proceeds of the private placement for working capital purposes.
  • The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S.

NorthWest Copper Corp. Announces Launch of Rights Offering and Concurrent Private Placement

Retrieved on: 
Monday, November 27, 2023

VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (the “Company” or “NorthWest”) (TSX-V: NWST) announces it is undertaking a rights offering to raise gross proceeds of up to $3,340,936 (the “Rights Offering”) and private placements to bring the total amount raised by the Company to no more than $4,000,000 (“Concurrent Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (the “Company” or “NorthWest”) (TSX-V: NWST) announces it is undertaking a rights offering to raise gross proceeds of up to $3,340,936 (the “Rights Offering”) and private placements to bring the total amount raised by the Company to no more than $4,000,000 (“Concurrent Private Placement”).
  • Upon completion of the Rights Offering and assuming all Rights are exercised, the Company will have 222,729,048 NorthWest Shares outstanding, of which NorthWest Shares issued under the Rights Offering represent 14.29%.
  • Concurrently with the Rights Offering, the Company intends to conduct the Concurrent Private Placement of no more than 38,095,238 NorthWest Shares at a price of $0.105 per NorthWest Share for gross proceeds of up to $4,000,000 less the gross proceeds of the Rights Offering.
  • The total amount raised by the Company pursuant to the Rights Offering and the Concurrent Private Placement will not exceed $4,000,000.

Cerro de Pasco Resources closes first tranche of $1.8M equity financing, provides update on Land Easement Application Process for Quiulacocha Tailings

Retrieved on: 
Monday, November 20, 2023

MONTRÉAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) has closed a first Tranche of its previously announced non-brokered private placement, for total aggregate gross proceeds of $ 1,772,000 (the "Offering").

Key Points: 
  • Having confirmed AMSAC’s rejection of a voluntary land easement, DGM endorsed the initiation of a Legal (or “Forced”) Easement process.
  • The process recognizes that CDPR owns an irrevocable and indefinite right to explore and exploit the El Metalurgista concession, covering the Quiulacocha Tailings.
  • The Quiulacocha tailings deposit (4,300 masl) covers approximately 115 hectares with tailings deposited in the Quiulacocha Tailings Storage Facility (TSF) from the early 1920´s to 1992.
  • The tailings stored in the TSF, comprised of processing residues, come from the Cerro de Pasco open pit and underground mine.

Luca Mining Closes CAD $2 Million Private Placement

Retrieved on: 
Thursday, December 21, 2023

VANCOUVER, BC, Dec. 21, 2023 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that it has closed the CAD $2 million non-brokered private placement (the "Private Placement") announced on December 06, 2023 .

Key Points: 
  • VANCOUVER, BC, Dec. 21, 2023 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that it has closed the CAD $2 million non-brokered private placement (the "Private Placement") announced on December 06, 2023 .
  • In addition to the base CAD$2 million funding, Luca has reserved a 25% over subscription option on the Private Placement.
  • Net proceeds of the Private Placement will be used towards further advancing the optimization program at Campo Morado as well as for general working capital purposes.
  • In consideration of its efforts in arranging the Private Placement, Luca paid an 8% finder's fee satisfied by issuing 680,851 Shares to a finder.

Intercontinental Exchange, Inc. Announces Expiration of Exchange Offer for Black Knight InfoServ, LLC’s Outstanding 3.625% Senior Notes due 2028

Retrieved on: 
Monday, December 11, 2023

Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today the expiration of the previously announced private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) made by ICE with respect to the 3.625% Senior Notes due 2028 (CUSIP: 092174AA9 / U0921BAA6) (the “BK Notes”) issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of ICE.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE) (“ICE”) announced today the expiration of the previously announced private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) made by ICE with respect to the 3.625% Senior Notes due 2028 (CUSIP: 092174AA9 / U0921BAA6) (the “BK Notes”) issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of ICE.
  • The Exchange Offer and Consent Solicitation expired at 5:00 p.m., New York City time, on December 8, 2023 (the “Expiration Date”).
  • No BK Notes will be exchanged by ICE for any notes of ICE, and the BK Notes previously tendered in the Exchange Offer will be promptly returned to the tendering holders.
  • No consideration will be paid or become payable to holders who validly tendered BK Notes in the Exchange Offer.