Private placement

Intermap Closes Private Placement

Retrieved on:

Tuesday, January 16, 2024

Private, Share (finance), Unit, Private placement, Person, Bank, Intelligence, Toronto Stock Exchange, Warrant, TSX, USD, Information technology, IMP, Internet, Exercise, News, Security (finance)

DENVER, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced the closing of a private placement (the “Private Placement”) for aggregate proceeds of C$885,000.

Key Points:

DENVER, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced the closing of a private placement (the “Private Placement”) for aggregate proceeds of C$885,000.
“This funding will partially fund pursuit costs associated with upcoming government contracts in the United States and abroad.”
Under the Private Placement, Intermap also issued 81,000 warrants (“Finder Warrants”) to certain finders.
The Toronto Stock Exchange conditionally approved the Private Placement and the listing of the Shares issued thereunder and the Shares issuable upon exercise of the Warrants prior to closing the Private Placement.
Forward-looking information or statements in this news release include the use of proceeds from the Private Placement and the impact of such proceeds on the business of Intermap.

STEER Announces Private Placement of up to $3.5 Million of Convertible Debentures With Strategic Investors

Retrieved on:

Monday, January 15, 2024

The Private Placement will be made to certain subscribers, which are expected to be ESG Holdings Inc. (“ESG”), Arichandran Investments Inc. (“Arichandran”) and one or more additional investors (such additional investors, collectively with ESG and Arichandran, the “Investors”).

Key Points:

The Private Placement will be made to certain subscribers, which are expected to be ESG Holdings Inc. (“ESG”), Arichandran Investments Inc. (“Arichandran”) and one or more additional investors (such additional investors, collectively with ESG and Arichandran, the “Investors”).
In addition, the aggregate number of Common Shares reserved for issuance pursuant to the Private Placement shall not exceed 117,880,000 Common Shares.
The proceeds from the Private Placement are expected to be used by the Company for working capital and general corporate purposes.
The Company is considering completion of the FoodsUp Distribution prior to, or as soon as possible after, the closing of the Private Placement.

Solaris Announces $130 Million Strategic Investment by Zijin Mining Group

Retrieved on:

Thursday, January 11, 2024

Private, Subscription business model, Investment Canada Act, Private placement, Partnership, SLS, China International Capital Corporation, Toronto Stock Exchange, Mining, Growth, Indian stock exchange, Gold, TSX, Copper, Security (finance)

Zijin will invest approximately $130 million by way of a Private Placement of Common Shares.

Key Points:

Zijin will invest approximately $130 million by way of a Private Placement of Common Shares.
Upon closing of the Private Placement, Zijin will own approximately 15% of the Common Shares on a fully diluted basis.
Mr. Daniel Earle, President & CEO, commented: “Zijin is one of the most successful major mining companies in the world.
China International Capital Corporation Hong Kong Securities Limited and Minmetals Securities Co., Ltd acted as Solaris’ transactional advisors in connection with the Private Placement.

Vortex Closes Private Placement for Gross Proceeds of C$1.5M

Retrieved on:

Tuesday, January 9, 2024

Private, Private placement, Part, Sale, Unit, VRTX, Security (finance)

VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the “Private Placement”) for gross proceeds to the Company of C$1,500,000.

Key Points:

VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the “Private Placement”) for gross proceeds to the Company of C$1,500,000.
Pursuant to the Private Placement, the Company issued 3,750,000 units of the Company at a price of $0.40 per unit (each, a “Unit”).
The net proceeds from the Private Placement are intended to be used for general and administrative expenditures.
As a result of the Company’s use of the Listed Issuer Financing Exemption in connection with the Private Placement, the Company filed an offering document with respect to the Private Placement on December 28, 2023, which can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and at the Company’s website at http://www.vortexenergycorp.com .

Reflex Advanced Materials Corp. Completes First Tranche of Non-Brokered Private Placement

Retrieved on:

Monday, January 8, 2024

Private, Sale, Private placement, CAD, HF2, Security (finance)

VANCOUVER, British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE:RFLX) (OTCQB:RFLXF) (FSE:HF2) (“Reflex” or the “Company”) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement financing (the “Private Placement”) for aggregate gross proceeds of CAD$575,000. Pursuant to the Private Placement, the Company issued 5,750,000 units (each, a “Unit”) at a price of CAD$0.10 per Unit. Each Unit consists of one (1) common share (each, a “Share”) and one (1) common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one (1) Share at an exercise price of CAD$0.15 until January 4, 2026.

Key Points:

VANCOUVER, British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE:RFLX) (OTCQB:RFLXF) (FSE:HF2) (“Reflex” or the “Company”) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement financing (the “Private Placement”) for aggregate gross proceeds of CAD$575,000.
Pursuant to the Private Placement, the Company issued 5,750,000 units (each, a “Unit”) at a price of CAD$0.10 per Unit.
Each Unit consists of one (1) common share (each, a “Share”) and one (1) common share purchase warrant (each, a “Warrant”).
The Company intends to use the net proceeds raised from the Private Placement to undertake advanced exploration and development activities on the Ruby Graphite Project and for general working capital.

Cielo Advances Carseland Project With Closing of Non-Brokered Private Placement of Flow-Through Shares

Retrieved on:

Wednesday, January 3, 2024

Private, Sale, Income Tax Act, Acquisition, CMC, Private placement, Multilateral, Biomass, NEWS, Engineering, Investment, Minority, EVP, ITA

CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTC: CWSFF) (“Cielo” or the “Company”), an environmental technology company targeting sustainable fuel production using wood waste such as hardwood railway ties, is pleased to announce that they have secured funding for the next stage of engineering development of the Carseland Project through the closing of its previously announced non-brokered flow-through private placement (the “Private Placement”).

Key Points:

Under the Private Placement, Cielo issued a total of 16,750,000 flow-through shares (the "FT Shares") at a price of $0.04 per FT Share for aggregate gross proceeds of $670,000.
Certain insiders of the Company, including CEO Ryan Jackson and CFO Jasdeep K. Dhaliwal, participated in the Private Placement for a total of $410,000.
In addition, Steve Kresnyak P.Eng, EVP and Chief Technology Officer of Expander, invested $200,000 under the Private Placement.
As noted, certain insiders of the Company participated in the Private Placement and acquired an aggregate of 10,250,000 FT Shares.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Retrieved on:

Friday, December 29, 2023

Private, Indian stock exchange, Private placement, CAD, Unit, Minority, The Company, Security (finance)

The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.

Key Points:

The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.
"We are pleased to announce the second closing of the Private Placement which, as previously announced, had been re-opened due to investor demand.
Garry Flowers, Co-Chief Executive Officer, commented on the Private Placement.
Accordingly, the Private Placement is a related party transaction pursuant to MI 61-101.

MineHub Announces $2.5 Million Financing and Share Consolidation

Retrieved on:

Thursday, December 28, 2023

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one transferable common share purchase warrant (each a "Warrant") exercisable at a price of $0.20 per common share for a period of 36 months from the closing date.

Key Points:

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one transferable common share purchase warrant (each a "Warrant") exercisable at a price of $0.20 per common share for a period of 36 months from the closing date.
The Company also announces that the Company's board of directors has approved consolidating its common shares on the basis of one post-consolidation share for every two pre-consolidation shares (the "Consolidation").
The effective date of the Consolidation will be confirmed at a future time, following the Company's receipt of approval from the TSXV.
The Private Placement will close before the Consolidation and the Common Shares and Warrants issued under the Private Placement will be subject to the Consolidation adjustments described.

Goldstorm Metals Announces Closing of Upsized Non-Brokered Private Placement for Approximately $1.95 Million

Retrieved on:

Friday, December 15, 2023

Private, Finder, TSX Venture Exchange, Sale, Income Tax Act, Private placement, News, NFT, Warrant, Security (finance)

Each NFT Unit consists of one common share of the Company (each, a "NFT Share") and one half (½) of one common share purchase warrant (each whole warrant, a "Warrant").

Key Points:

Each NFT Unit consists of one common share of the Company (each, a "NFT Share") and one half (½) of one common share purchase warrant (each whole warrant, a "Warrant").
A total of 4,898,278 Warrants were issued under the Private Placement.
In connection with the Offering, the Company issued 529,860 finder's warrants (the "Finder's Warrants") and paid commissions of $105,852 to certain finders.
Certain insiders of the Company purchased an aggregate of 55,556 NFT Units under the Private Placement, constituting, to that extent, a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101").

Tudor Gold Announces Closing of Upsized Non-Brokered Private Placement for $8.9 Million

Retrieved on:

Wednesday, December 13, 2023

Placement, Private, Finder, TSX Venture Exchange, Sale, Income Tax Act, Private placement, News, NFT, Warrant, Security (finance)

Each NFT Unit consists of one NFT Share and one half (½) of one common share purchase warrant (each whole warrant, a "Warrant").

Key Points:

Each NFT Unit consists of one NFT Share and one half (½) of one common share purchase warrant (each whole warrant, a "Warrant").
A total of 4,191,946 Warrants were issued under the Private Placement.
In connection with the Private Placement, the Company issued 358,857 finder's warrants (the "Finder's Warrants") and paid commissions of $407,734.81 to certain finders.
The Private Placement remains subject to final acceptance from the TSX Venture Exchange.