Minority

Abcourt Closes a First Tranche of the Private Placement of Units Previously Announced, for an Amount of $1,436,234

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Giant, Indian stock exchange, Control, TSX Venture Exchange, Private, Exercise, Offering, Minority, ABI, Sale, TMX Group, WIRE, News, NOT, Multilateral, NEWS, Security (finance)

ROUYN-NORANDA, Quebec, March 26, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it has completed a first closing of the non-brokered private placement announced on March 12, 2024, for gross proceeds of $1,436,234, representing 28,724,688 units of the Corporation (the “Units”), at a price of $0.05 per Unit (the "Offering"). Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.06 for a period of 36 months following the closing date of the Offering.

Key Points: 
  • Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.06 for a period of 36 months following the closing date of the Offering.
  • Abcourt paid finder’s fees in an amount of $500 and issued 10,000 finder warrants to Red Cloud Securities Inc., who assisted Abcourt by introducing a subscriber to the Corporation in connection with the Offering.
  • As a result, François Mestrallet will become a Control Person of the Corporation.

Mkango Raises £750,000 (C$1.3M) to Advance Rare Earth Magnet Recycling in United Kingdom and Germany, and Launches Strategic Review

Retrieved on: 
Monday, March 25, 2024
Hydrogen, Magnet, HPMS, Exercise, DTR, Neodymium magnet, Recycling, Minority, Disclosure, Research, Acquisition, University, Carbonate, Treasury, Admission, MKA, AIM, Subscription business model, Multilateral

LONDON and VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) is pleased to announce that it has conditionally raised gross proceeds of £750,000 (approximately C$1.3 million) through the issuance, on a private placement basis, of 15,000,000 common shares of the Company (the “Subscription Shares”) at a price per Subscription Share of 5 pence (“p”) (approximately C$0.086) (the “Subscription”).

Key Points: 
  • As part of this process, the Company has decided to launch a review of strategic options for its Songwe Hill Rare Earths Project in Malawi as well as the Pulawy Rare Earths Separation Project in Poland.
  • Mkango believes this strategic review will help maximise returns for its shareholders whilst it seeks to expand its recycling business.”
    HyProMag is commercialising Hydrogen Processing of Magnet Scrap (“HPMS”) recycling technology in the UK, Germany and United States.
  • William Dawes, CEO and a director of the Company, has agreed to subscribe for 3,000,000 Subscription Shares, for £150,000.
  • The issuance of the Subscription Shares to William Dawes was approved by the board of directors of Mkango, with William Dawes abstaining from voting.

Turmalina Announces Closing of Oversubscribed Offering of Units

Retrieved on: 
Friday, March 22, 2024
Legislation, Minority, Indian stock exchange, Unit, The Insider, Offering, Security (finance)

Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).

Key Points: 
  • Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
  • The net proceeds of the Offering will be used to satisfy ongoing costs associated with the Company’s properties as well as general working capital purposes.
  • All securities issued in connection with closing of the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
  • The issuance of Units to the Insiders constitute “related party transactions” as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (“MI 61-101”).

Vior Announces $20 Million Private Placement

Retrieved on: 
Wednesday, March 20, 2024
Mining, TSX Venture Exchange, Exercise, Exchange, CEE, Sale, Amend, Policy, Minority, VIO, Acceleration, Irish Republican Army (1919–1922), News, Date, Originality, IRA, Income Tax Act, Offering, QTA, Agent, Security (finance)

It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.

Key Points: 
  • It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.
  • Each Hard Unit and Subscription Receipt will have an issue price of $0.125 and each FT Unit will have an issue price of $0.2225.
  • The Over-Allotment Option will be exercisable, in whole or in part, up to 48 hours prior to the Closing Date.
  • The parties are expected to enter into a definitive royalty option agreement (the “Royalty Option Agreement”).

Nevada Exploration Closes Oversubscribed $605,000 Financing

Retrieved on: 
Wednesday, March 20, 2024
Warrant, NGE, TSX Venture Exchange, Policy, Offering, Acceleration, Minority, Sale, News, Indian stock exchange, Multilateral, Security (finance)

The Offering is subject to final TSX Venture Exchange approval.

Key Points: 
  • The Offering is subject to final TSX Venture Exchange approval.
  • All securities issued are subject to a four month plus one day hold period expiring July 20, 2024, as well as to any other re-sale restrictions imposed by applicable securities regulatory authorities.
  • In connection with the Offering, the Company paid finders’ fees totalling $12,449.
  • Proceeds from the Offering will be used for general working capital.

Greenridge Exploration Announces Closing of Private Placement for Gross Proceeds of CDN $3,500,455.12

Retrieved on: 
Monday, March 18, 2024
Warrant, Insider, Offering, Minority, GXP, Sale, News, Share (finance), Multilateral, NEWS, Person, Security (finance)

VANCOUVER, British Columbia, March 18, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce that is has closed its non-brokered private placement (the “Offering”) previously announced on February 5, 2024 and has issued 9,211,724 units (each, a “Unit”), at a price of $0.38 per Unit, for aggregate gross proceeds of $3,500,455.12. Each Unit is comprised of one common share of the Company (each, a “Share”) and one transferable common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to acquire one additional Share at an exercise price of $0.45 for a period of 24 months from the closing date. Finder's fees of $233,188.90 and 613,655 finder's warrants (the “Finder’s Warrants”) were paid to arm's length parties in connection with the Offering (each Finder's Warrant exercisable on the same terms as the Warrants forming part of the Units).

Key Points: 
  • Finder's fees of $233,188.90 and 613,655 finder's warrants (the “Finder’s Warrants”) were paid to arm's length parties in connection with the Offering (each Finder's Warrant exercisable on the same terms as the Warrants forming part of the Units).
  • The Company will use the proceeds from the Offering towards exploration on the Company’s Nut Lake and Weyman properties and for general working capital purposes.
  • The Company did not file a material change report in respect of the participation of the Insider in the Offering at least 21 days before closing of the Offering as the participation of the Insider was not determined at that time.
  • The Shares issued under the Offering will be subject to a statutory hold period expiring four months and one day from the date of issuance.

Steppe Gold Announces Board Changes

Retrieved on: 
Friday, March 15, 2024
Minority, Acquisition, Toronto Stock Exchange, IPO, USCGC Polar Star (WAGB-10), TSX, Legislation, Mining, Security (finance)

ULAANBAATAR, Mongolia, March 15, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) announces the following Board changes.

Key Points: 
  • ULAANBAATAR, Mongolia, March 15, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) announces the following Board changes.
  • The Company would like to pay special thanks to Mr. Wood for his outstanding contributions to Steppe Gold.
  • Bataa Tumur-Ochir, Chairman and CEO of Steppe Gold, commented “We are hugely grateful for Matt’s leadership of Steppe Gold, from the early days as a private company with a greenfield site in Eastern Mongolia.
  • We wish him every success in his future endeavors.”
    “We will look to refresh our Board as we work to conclude the Boroo Gold acquisition, and we welcome our President, Byambatseren as a Board member.”
    In connection with Mr. Wood’s resignation, Steppe Gold intends to issue an aggregate of 2,000,000 common shares of the Company at a deemed price of $0.78 per share to settle all amounts owing by Steppe Gold to Mr. Wood (the “Settlement Transaction”).

Interfield Global Software Inc. Announces Completion of Private Placement Financing

Retrieved on: 
Thursday, March 14, 2024
Exercise, Offering, Minority, Warrant, Sale, Prospectus, Multilateral, Security (finance)

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Interfield Global Software Inc. (Cboe CA: IFSS) (the “Company”) announces completion of its previously announced non-brokered private placement financing (the "Offering").

Key Points: 
  • VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Interfield Global Software Inc. (Cboe CA: IFSS) (the “Company”) announces completion of its previously announced non-brokered private placement financing (the "Offering").
  • Each Unit consisted of one common share in the capital of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant").
  • The Offering remains subject to receipt of all applicable regulatory approvals, including the approval of Cboe Canada.
  • The Offering was completed pursuant to the accredited investor exemption from the prospectus requirements under applicable Canadian securities laws.

Foremost Lithium Announces Closing of the First Tranche of its Flow-Through and Non-Flow-Through Private Placements for Gross Proceeds of $1.629M

Retrieved on: 
Thursday, March 14, 2024
Lithium, Income Tax Act, Offering, Minority, NFT, Regulation, Sale, Acquisition, News, Security (finance), Calendar, Multilateral, Legislation

VANCOUVER, British Columbia, March 13, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, announces that further to its press release dated February 13, 2024, on March 13, 2024, it closed the first tranche of its non-brokered private placement (the "Offering") for aggregate gross proceeds of $1,629,267.

Key Points: 
  • The Company also issued 152,941 non-flow-through units (each, a “NFT Unit”) at a subscription price of $3.40 per NFT Unit.
  • Certain insiders of the Company participated in the NFT portion of the Offering, as further described below.
  • The proceeds from the issuance of the NFT Units will be used for working capital and general corporate purposes.
  • This news release is being issued under the early warning provisions of Canadian securities legislation.

KEON CAPITAL INC. EXECUTES DEFINITIVE AGREEMENTS RESPECTING PROPOSED TRANSACTION WITH FRAME HOLDINGS INC.

Retrieved on: 
Wednesday, March 13, 2024
Combination, TSX Venture Exchange, Private, Minority, News, Business analyst, Multilateral, Transaction, Policy, Security (finance)

Vancouver, B.C., March 13, 2024 (GLOBE NEWSWIRE) -- Keon Capital Inc. (“Keon” or the “Company”) (TSXV: KEON.H) is pleased to provide an update respecting its previously announced transaction (the “Transaction”) with Frame Holdings Inc. (“Frame”) pursuant to which Keon will acquire all of the issued and outstanding Frame shares from the Frame shareholders (see Keon’s news release dated November 6, 2023 announcing the execution of an LOI respecting the Transaction).

Key Points: 
  • Vancouver, B.C., March 13, 2024 (GLOBE NEWSWIRE) -- Keon Capital Inc. (“Keon” or the “Company”) (TSXV: KEON.H) is pleased to provide an update respecting its previously announced transaction (the “Transaction”) with Frame Holdings Inc. (“Frame”) pursuant to which Keon will acquire all of the issued and outstanding Frame shares from the Frame shareholders (see Keon’s news release dated November 6, 2023 announcing the execution of an LOI respecting the Transaction).
  • The Transaction is structured as a three-cornered amalgamation (the “Amalgamation”), with Frame amalgamating with Subco and becoming a wholly-owned subsidiary of Keon.
  • Shareholders of Frame will receive one common share in the capital of Keon in exchange for each outstanding common share of Frame held by them, with Keon expected to issue an aggregate of approximately 40,000,000 Keon shares (assuming the minimum Frame financing of $2,000,000) to the Frame shareholders under the Transaction.
  • In connection with the Transaction, Keon will conduct a 2.8:1 share consolidation of issued and outstanding Keon common shares (the “Keon Share Consolidation”), and any shares issued to Frame shareholders under the Transaction will be on a post-consolidation basis.