Placement

Ultra Lithium Inc. Closes Private Placement

Retrieved on: 
Friday, September 29, 2023
Lithium, Unit, Warrant, TSX Venture Exchange, TSX, Private placement, Private, Placement, Sale, Security (finance)

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Ultra Lithium” or the “Company”) is pleased to announce that it has closed a non-brokered private placement issuing 3,636,364 Units at a price of C$0.055 per Unit for gross proceeds of C$200,000.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Ultra Lithium” or the “Company”) is pleased to announce that it has closed a non-brokered private placement issuing 3,636,364 Units at a price of C$0.055 per Unit for gross proceeds of C$200,000.
  • Each Unit will be comprised of one common share of the Company (each, a “Unit Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”).
  • There are no finders fees associated with this Private Placement.
  • The Private Placement is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

Tiny Announces Majority Acquisition of Letterboxd

Retrieved on: 
Friday, September 29, 2023
Technology, Other Professional Services, Professional Services, Other Technology, DNA, Indian stock exchange, TSX Venture Exchange, Partnership, Private placement, Private, Placement, CAD, Attention, Journal, Acquisition, Editorial, Growth, Ageing, Policy, LP, Netflix, Video game, Cryptocurrency, Letterboxd, Dribbble

Tiny Ltd. (“Tiny” or the “Company”) (TSXV: TINY), a Canadian technology holding company, today completed a majority acquisition of Letterboxd , a global social platform for film discovery and discussion.

Key Points: 
  • Tiny Ltd. (“Tiny” or the “Company”) (TSXV: TINY), a Canadian technology holding company, today completed a majority acquisition of Letterboxd , a global social platform for film discovery and discussion.
  • Letterboxd’s founders will continue to lead the business independently while leveraging their partnership with Tiny to accelerate the platform’s growth as it continues to scale.
  • “Teaming up with Tiny represents a big leap forward for us,” said Matthew Buchanan and Karl von Randow, co-founders of Letterboxd.
  • Our aim is to make Letterboxd the ultimate destination for anyone looking to discover or discuss movies online.

Triple One Metals Inc. to acquire Bank Vault and Nickel Showing properties from Portsmouth Gold Corp.

Retrieved on: 
Monday, September 18, 2023
Unit, Vancouver Community College, CSE, Nickel, Placement, Chairperson, LOI, Triple One, Political science, Business administration, Acquisition, Automation, Columbia, Transaction, Consolidation, Mining, Simon Fraser University, Bank vault, Knowledge, Letter, Security (finance), Robotics

The Company will also assume the obligations of Portsmouth under certain option and royalty agreements related to the Properties, including an existing 2% net smelter return royalty on each of the Properties.

Key Points: 
  • The Company will also assume the obligations of Portsmouth under certain option and royalty agreements related to the Properties, including an existing 2% net smelter return royalty on each of the Properties.
  • It is contemplated that the Units will be distributed to the shareholders of Portsmouth, and as a result no new insiders of the Company will be created.
  • The Transaction is an arm’s length transaction and is not expected to require the approval of the Company’s shareholders.
  • Further details concerning the Transaction and other matters will be announced if and when a definitive agreement is reached.

Options Announces 200 New Jobs in Belfast, Expanding its Flagship City Centre Office

Retrieved on: 
Thursday, September 14, 2023
Professional Services, Data Management, Technology, Finance, Software, Fintech, Cloud, Workforce, Heart, Learning, Partnership, Placement, Belfast Metropolitan College, Microsoft, Multimedia, History, The National, Queen's University Belfast, Graduate, Student, Belfast City Centre, Investment, Engineering, Ulster University, AI, News, Management, Nursing, Creative industries, Option

The rapidly growing company, headquartered in the heart of Belfast City Centre's Linen Loft building, is making significant strides in expanding its operations.

Key Points: 
  • The rapidly growing company, headquartered in the heart of Belfast City Centre's Linen Loft building, is making significant strides in expanding its operations.
  • The company remains steadfast in its focus on recruiting high-quality graduates and engineering professionals, strengthening its ties with local academic institutions.
  • Danny Moore , President and CEO of Options, commented, "Our decision to expand our workforce in Belfast reflects the exceptional talent we've found in this vibrant city.
  • This investment enabled Options to accelerate its growth strategy and develop its technology platform while expanding its global reach in key financial centres.

NurExone Announces Closing of Second Tranche of Private Placement, bringing total raise at this round to approximately CAD$1.5M

Retrieved on: 
Wednesday, September 6, 2023
Indian stock exchange, TSX Venture Exchange, Private placement, Private, Placement, CAD, Unit, FSE, Person, NRX, Regulation, Trust, Patient, Warrant, CFO, News, Security (finance)

An aggregate of 750,000 units of the Company (each a “Unit”) were issued and sold under the Second Tranche at a price of CAD$0.275 per Unit for aggregate proceeds of CAD$206,250.

Key Points: 
  • An aggregate of 750,000 units of the Company (each a “Unit”) were issued and sold under the Second Tranche at a price of CAD$0.275 per Unit for aggregate proceeds of CAD$206,250.
  • In the aggregate, the Company issued and sold 5,394,548 Units at a price of CAD$0.275 per Unit for aggregate proceeds of CAD$1,483,500.70 under the Private Placement.
  • All securities issued under the first and Second Tranche are subject to a statutory hold period of four months and one day from the closing of the Second Tranche.
  • Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.

Olema Oncology Announces Combined Financing for Up to $180 Million

Retrieved on: 
Tuesday, September 5, 2023
Paradigm, Closing, Private placement, Private, Placement, Line of credit, Primary Dealer Credit Facility, Silicon Valley Bank, Research, Sale, Prospectus, SVB, Lightspeed Venture Partners, Security (finance)

SAN FRANCISCO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Olema Pharmaceuticals, Inc. (“Olema”, “Olema Oncology”, Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted therapies for women’s cancers, announced today that it has entered into a stock purchase agreement for a private placement of approximately $130 million of common stock (the “Private Placement”) to selected institutional and accredited investors, as well as a new senior secured credit facility with an aggregate principal amount of up to $50 million (the “Credit Facility”). The Private Placement is expected to close on September 12, 2023, subject to customary closing conditions.

Key Points: 
  • The Private Placement is expected to close on September 12, 2023, subject to customary closing conditions.
  • Pursuant to the terms of the stock purchase agreement, Olema will issue 13,211,382 shares of common stock at a purchase price of $9.84 per share, for gross proceeds of approximately $130 million, before deducting offering expenses.
  • "We are very pleased to announce this combined equity and debt financing.” said Sean P. Bohen, M.D., Ph.D., President and Chief Executive Officer of Olema Oncology.
  • Any offering of the securities under the resale registration statement will only be made by means of a prospectus.

Imperial Announces Closing of $16.8 Million Private Placement

Retrieved on: 
Thursday, August 31, 2023
Minority, MI, Private placement, Private, Placement, Toronto Stock Exchange, Kloeckner Metals Corporation, Sale, Interest, Imperial Metals, National Interest Party (Nigeria), TSX, Multilateral, Regulation, Security (finance)

VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”).
  • N. Murray Edwards purchased 3,500,000 Shares for an aggregate of $8.4 million and directors and officers of the Company purchased 753,000 Shares for an aggregate of $1.8 million.
  • The participation of Mr. Edwards and the directors and officers of the Company (collectively, the "Interested Parties") accounted for 60.8% of the proceeds from the Private Placement.
  • A 2% cash finder’s fee is payable on a portion of the Private Placement to certain parties other than Interested Parties.

Opthea Successfully Completes Institutional Offer and Increases Capital Raising to A$90.0m (US$57.6 million¹)

Retrieved on: 
Monday, August 28, 2023
New Options Initiative (For Youth), OPT, ASIC, Date, Placement, AMD, Model Business Corporation Act, S&P/ASX 200, ASX, Corporations Act 2001, Entitlement, Prospectus, Corporation, US, Shore, CTH, Institution, Option, Patient, COAST, Cryptocurrency, Rare-earth element, Security (finance), Pharmaceutical industry

The non-underwritten institutional placement (Placement) and the institutional component (Institutional Entitlement Offer) of the fully underwritten 1 for 3.07 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) together raised approximately A$73.7m.

Key Points: 
  • The non-underwritten institutional placement (Placement) and the institutional component (Institutional Entitlement Offer) of the fully underwritten 1 for 3.07 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) together raised approximately A$73.7m.
  • Approximately 160.2m shares will be issued under the Placement and the Institutional Entitlement Offer (New Shares) at an offer price of A$0.46 per New Share.
  • Eligible institutional shareholders took up approximately 47.0% of their entitlements with the shortfall placed to both new and existing institutional shareholders.
  • Trading Halt and announcement of the Equity Raising, lodgement of Offer Documents, including Prospectus with ASIC
    Announcement of completion of the Institutional Entitlement offer, trading halt lifted, existing securities recommence trading

LEADING EDGE MATERIALS ANNOUNCES CLOSING OF C$2,500,000 NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Wednesday, August 23, 2023
Exercise, Unit, Minority, EEA, Indian stock exchange, TSX Venture Exchange, MI, Private placement, Private, Placement, Annual, Disclosure, Exchange, Related, Gross metropolitan product, Person, Sale, Prospectus, European Economic Area, Knowledge, Multilateral, News, Security (finance), EU

Vancouver, August 23, 2023 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces the closing of the non-brokered private placement financing (the “Private Placement”) previously announced on August 11, 2023.

Key Points: 
  • Vancouver, August 23, 2023 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces the closing of the non-brokered private placement financing (the “Private Placement”) previously announced on August 11, 2023.
  • Leading Edge Materials intends to use net proceeds for the Company’s projects, located in Sweden and Romania and for general working capital and corporate purposes.
  • A finder’s fee of 7% was paid to arm’s length third parties on a portion of the Private Placement.
  • Prior to the Private Placement, Mr. Krafft beneficially owned and controlled 62,204,404 Common Shares and 24,150,000 warrants of the Company.

ECN Capital and Skyline Champion Announce Strategic Relationship

Retrieved on: 
Monday, August 14, 2023
Partnership, Housing, Private placement agent, Private, Placement, Bank statement, Sale, US, Investment, ECN, Indian stock exchange, Hart–Scott–Rodino Antitrust Improvements Act, TSX, ECN Capital, SKY, Private placement, Conference, NYSE, Convertible, Security (finance), Retail, Life insurance, Triad

TORONTO and Troy, Mich., Aug. 14, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital”) and Skyline Champion Corporation (NYSE: SKY) (“Skyline Champion”) today announced that they have entered into a share subscription agreement (the “Subscription Agreement”) pursuant to which Skyline Champion has agreed to make an approximately C$185 million (US$138 million) equity investment in ECN Capital on a private placement basis (the “Private Placement”) in exchange for 33,550,000 common shares of ECN Capital (the “Common Shares”) and 27,450,000 mandatory convertible preferred shares, Series E of ECN Capital (“Convertible Preferred Shares”). Upon closing of the Private Placement, Skyline Champion is expected to beneficially own an approximately 19.9% interest in ECN Capital (assuming the conversion of all Convertible Preferred Shares).

Key Points: 
  • TORONTO and Troy, Mich., Aug. 14, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital”) and Skyline Champion Corporation (NYSE: SKY) (“Skyline Champion”) today announced that they have entered into a share subscription agreement (the “Subscription Agreement”) pursuant to which Skyline Champion has agreed to make an approximately C$185 million (US$138 million) equity investment in ECN Capital on a private placement basis (the “Private Placement”) in exchange for 33,550,000 common shares of ECN Capital (the “Common Shares”) and 27,450,000 mandatory convertible preferred shares, Series E of ECN Capital (“Convertible Preferred Shares”).
  • In connection with the Private Placement, ECN Capital and Skyline Champion will form a captive finance company that will be 51% owned by Skyline Champion and 49% owned by Triad Financial Services, Inc. (“Triad”), a wholly-owned subsidiary of ECN Capital.
  • "We are pleased to announce this new and expanded partnership with Skyline Champion, a leading participant in the North American manufactured housing sector”, said Steven Hudson, Chief Executive Officer of ECN Capital.
  • On closing, ECN Capital intends to appoint Mark Yost, President and Chief Executive Officer of Skyline Champion, to the Board of Directors of ECN Capital.