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Cielo Announces Closing of First Tranche of Private Placement of Convertible Debenture Units

Retrieved on: 
Monday, March 11, 2024

CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement"). The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.

Key Points: 
  • CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement").
  • The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.
  • “The closing of this first tranche of our Private Placement represents a great start to reaching the targeted proceeds,” said Ryan Jackson, Cielo’s CEO.
  • Pursuant to the closing Tranche 1, the Company issued 560 Convertible Debenture Units for gross proceeds of C $560,000, consisting of 560 Convertible Debentures and 1,400,000 Warrants.

Fobi AI Announces Completion of Fully Subscribed Upsized Non-Brokered LIFE Offering and & New Non-Brokered Placement

Retrieved on: 
Wednesday, February 28, 2024

VANCOUVER, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that, further to its press releases dated February 2, 2024, February 23, 2024 and February 26, 2024, it has completed the final closing of its previously announced fully-subscribed upsized non-brokered private placement pursuant to the listed issuer financing exemption (the “Listed Issuer Financing Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) (the “LIFE Offering”).

Key Points: 
  • The total LIFE Offering was comprised of the issuance of an aggregate of 34,905,498 Units at a price per Unit of C$0.07 for aggregate gross proceeds of $2,443,384.94.
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • Due to additional interest, the Company is also pleased to announce a new non-brokered private placement offering of Units (the "Non-LIFE Offering").
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Fobi AI Announces Completion of First Tranche Of Non-Brokered Private Placement

Retrieved on: 
Friday, February 23, 2024

VANCOUVER, BC, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the completion of its first tranche closing (the “First Tranche”) of a non-brokered private placement financing previously announced on February 2, 2024 (the “Offering”). The First Tranche was comprised of the issuance of 21,693,370 units of the Company (“Units”) at a price per Unit of C$0.07 for aggregate gross proceeds of $1,518,535.94. Each Unit consisted of one (1) common share in the capital of the Company (a “Common Share”) and one (1) common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of C$0.14 until the earlier of February 23, 2027; and (ii) in the event the volume weighted average price of the Common Shares on the TSX Venture Exchange (the “TSXV”) for any continuous 10 trading day period meets or exceeds $0.21 following the closing of the Offering (the “Acceleration Condition”), the date that is thirty (30) days following the issuance of a news release by the Company announcing the acceleration of the expiry of the Warrants, which such news release may be issued at any time following the trigger of the Acceleration Condition (the “Acceleration Right”). For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.

Key Points: 
  • VANCOUVER, BC, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the completion of its first tranche closing (the “First Tranche”) of a non-brokered private placement financing previously announced on February 2, 2024 (the “Offering”).
  • The First Tranche was comprised of the issuance of 21,693,370 units of the Company (“Units”) at a price per Unit of C$0.07 for aggregate gross proceeds of $1,518,535.94.
  • Each Unit consisted of one (1) common share in the capital of the Company (a “Common Share”) and one (1) common share purchase warrant (a “Warrant”).
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Cielo Announces Private Placement of Convertible Debenture Units for up to $5.0 Million to Advance Renewable Fuel Projects, Confirms Final Credit Facility Draw and Magazine Feature

Retrieved on: 
Thursday, February 22, 2024

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce that it proposes to undertake a non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit for targeted gross proceeds of up to $5,000,000 (the "Private Placement").

Key Points: 
  • The Private Placement and a concurrent final draw from Cielo’s existing secured credit facility, as described below, represent an important shift in the Company’s financing strategy to utilize convertible instruments versus traditional forms of debt.
  • In addition, Cielo is also pleased to share that the Company has been featured in the Winter 2024 edition of Canadian Biomass Magazine , with further details provided below.
  • The Company intends to close the Private Placement in one or more tranches throughout February and early March.
  • Finder's fees of cash and/or non-transferrable warrants may be paid in connection with the Private Placement in accordance with applicable laws.

InfiRay Outdoor Unveils Thrilling New Thermal Imaging at IWA Outdoor Classics 2024

Retrieved on: 
Friday, March 1, 2024

NUREMBERG, Germany, March 1, 2024 /PRNewswire/ -- As the curtains rise on the prestigious IWA Outdoor Classics 2024, all eyes turn to Hall 4A Booth 512, where InfiRay Outdoor prepares to unveil a quartet of game-changing thermal imaging solutions.

Key Points: 
  • NUREMBERG, Germany, March 1, 2024 /PRNewswire/ -- As the curtains rise on the prestigious IWA Outdoor Classics 2024, all eyes turn to Hall 4A Booth 512, where InfiRay Outdoor prepares to unveil a quartet of game-changing thermal imaging solutions.
  • With a diverse array of products tailored to suit every need and preference, InfiRay Outdoor invites enthusiasts and professionals alike to immerse themselves in the future of thermal imaging.
  • Step into the world of adventure and innovation at IWA Outdoor Classics 2024.
  • Join InfiRay Outdoor at Hall 4A Booth 512 and witness the dawn of a new era in outdoor exploration.

Tudor Gold Identifies High-Grade Gold Breccia System at the Goldstorm Deposit, Treaty Creek, Northwest British Columbia

Retrieved on: 
Thursday, February 1, 2024

Our current Mineral Resource Estimate (MRE) caps gold equivalent (AuEQ) grades at 8.0 g/t AuEQ and therefore does not include these higher grades.

Key Points: 
  • Our current Mineral Resource Estimate (MRE) caps gold equivalent (AuEQ) grades at 8.0 g/t AuEQ and therefore does not include these higher grades.
  • Our current concept is that the SC-1 system, like the higher-grade R-66 domain, may represent a late-stage gold-dominant event that, in part, over prints the primary mineralization of the Goldstorm Deposit.
  • To date, the high-grade gold-bearing, breccia stockwork system measures approximately 400 m down plunge and over 300 m along a northeastern axis.
  • MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001.

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

Retrieved on: 
Friday, December 15, 2023

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

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.

Brixton Metals Closes tranche 1 of $14.5 million Private Placement

Retrieved on: 
Monday, November 20, 2023

VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has completed the first tranche of the non-brokered private placement previously announced on October 30, 2023, November 6, 2023 and November 10, 2023 (the "Offering").

Key Points: 
  • VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has completed the first tranche of the non-brokered private placement previously announced on October 30, 2023, November 6, 2023 and November 10, 2023 (the "Offering").
  • The first tranche of the Offering consisted of 15,016,666 units (“Units”) and 49,386,593 national flow-through units (“NFT Units”).
  • Brixton does not undertake to update any forward-looking information except in accordance with applicable securities laws.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

Brixton Metals Private Placement Further Over-Subscribed

Retrieved on: 
Friday, November 10, 2023

VANCOUVER, British Columbia, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that, due to overwhelming interest, the Company's non-brokered private placement previously announced on October 30, 2023, and November 6, 2023, (the "Offering") has been further over-subscribed.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that, due to overwhelming interest, the Company's non-brokered private placement previously announced on October 30, 2023, and November 6, 2023, (the "Offering") has been further over-subscribed.
  • All statements other than statements of historical fact included herein are forward-looking statements, including, without limitation, statements regarding potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, proposed timing for completion of the Private Placement, the expected number of Common Shares to be issued and gross proceeds of the Private Placement, and the use of proceeds of the Private Placement.
  • Brixton does not undertake to update any forward-looking information except in accordance with applicable securities laws.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.