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West Red Lake Gold Announces Upsize to Previously Announced Private Placement

Retrieved on: 
Friday, March 1, 2024

TORONTO, March 01, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), to increase the size of its previously announced private placement of units (the “Units”) to US$23,000,000 (the “Offering”) from US$20,000,000. The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below) to cover over-allotments, if any.

Key Points: 
  • TORONTO, March 01, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), to increase the size of its previously announced private placement of units (the “Units”) to US$23,000,000 (the “Offering”) from US$20,000,000.
  • Commencing January 1, 2026, the Company will cause gold to be placed in escrow on a quarterly basis into a gold trust account.
  • The Notes will amortize based on a guaranteed floor price of US$1,800 per ounce of gold (the “Floor Price”).
  • Any excess proceeds by which the gold price exceeds the Floor Price will be paid to investors as a premium.

Fobi AI Announces Completion of Non-Brokered Placement

Retrieved on: 
Thursday, February 29, 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 release dated February 28, 2024, it has completed a non-brokered private placement offering (the "Offering") of 7,603,569 units of the Company ("Units") at a price per Unit of $0.07 for aggregate gross proceeds of $532,250. 

Key Points: 
  • I am deeply humbled and grateful for the overwhelming interest and support we have received for our listed issuer financing exemption (“LIFE”) offering.
  • As we reached the maximum eligible investment, we received a couple of large orders that unfortunately couldn't be accommodated within the LIFE offering.
  • Recognizing this demand, the parties involved approached us to explore the possibility of an additional private placement.
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

***February 28, 2024 - Redistribution of prior news release dated February 2, 2024 for wide dissemination*** Fobi AI Announces Private Placement of Units for Aggregate Gross Proceeds of Up To C$2,000,000

Retrieved on: 
Wednesday, February 28, 2024

Each Unit shall consist of one (1) common share in the capital of the Company (a “Common Share”) and one (1) common share purchase warrant (each, a “Warrant”).

Key Points: 
  • Each Unit shall consist of one (1) common share in the capital of the Company (a “Common Share”) and one (1) common share purchase warrant (each, a “Warrant”).
  • For avoidance of doubt, the Company shall not be obligated to exercise the Acceleration Right at any time.
  • There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s investor website at https://investors.fobi.ai/life-offering-subscription-agreement .
  • To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page .

Ninepoint Partners Announces First Closing of Ninepoint 2024 Short Duration Flow-Through Limited Partnership

Retrieved on: 
Wednesday, February 28, 2024

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2024 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Québec Class (together, the “Units”) pursuant to a prospectus dated January 30, 2024.

Key Points: 
  • TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2024 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Québec Class (together, the “Units”) pursuant to a prospectus dated January 30, 2024.
  • The Partnership issued 596,116 National Class Units and 184,485 Québec Class Units for aggregate gross proceeds of $19,515,025.
  • The Partnership will have a second closing in respect of the Units on or about March 27, 2024.
  • The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class on or before June 30, 2025 with such liquidity event not expected to occur before February 2025.

Optimi Announces Closing of First Tranche of Non-Brokered Private Placement

Retrieved on: 
Wednesday, February 28, 2024

The Company intends to use the net proceeds from the Offering to obtain its Drug Establishment License, facilitate commercialization, and for general working capital.

Key Points: 
  • The Company intends to use the net proceeds from the Offering to obtain its Drug Establishment License, facilitate commercialization, and for general working capital.
  • JJ Wilson and Dane Stevens, co-founders of Optimi, emphasize, “We are fully dedicated to Optimi's mission of becoming the leading end-to-end supplier of GMP psychedelics.
  • In addition to the financing, the Company also announces that specific founders have agreed to a one-year voluntary lock-up period for their founder shares.
  • This additional commitment, along with the founders' participation in the financing, emphasizes their dedication to commercializing the business and establishing sustainable markets for its products.

West Red Lake Gold Announces a US$20 Million Private Placement of Gold Linked Notes

Retrieved on: 
Tuesday, February 27, 2024

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, on behalf of a syndicate of agents (together, the “Agents”), in connection with a marketed “best efforts” private placement of units of the Company (each, a “Unit”) at a price of US$1,000 per Unit (the “Offering Price”) for gross proceeds of US$20,000,000 (the “Offering”). The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below) to cover over-allotments, if any.

Key Points: 
  • Each Unit will contain gold-linked notes in the aggregate principal amount of US$1,000 (the “Notes”) and 710 common share purchase warrants (the “Warrants”).
  • Commencing January 1, 2026, the Company will cause gold to be placed in escrow on a quarterly basis into a gold trust account.
  • The Notes will amortize based on a guaranteed floor price of US$1,800 per ounce of gold (the “Floor Price”).
  • Any excess proceeds by which the gold price exceeds the Floor Price will be paid to investors as a premium.

HydroGraph Announces Closing of Second Tranche of Private Placement

Retrieved on: 
Monday, February 26, 2024

VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: ‎HG) (OTCQB: HGCPF) (the “Company” or “HydroGraph”) announces that the Company has closed the second tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”) previously announced on October 30, 2023. Pursuant to the Second Tranche, the Company issued an aggregate of 9,626,000 units of the Company (the “Units”) for aggregate gross proceeds of C$962,600. The Units were offered in US dollars and Canadian dollars at the respective prices of US$0.074 and C$0.10. To date, HydroGraph has sold and issued an aggregate of 19,886,856 Units for gross proceeds of approximately C$1.99 million pursuant to the Offering.

Key Points: 
  • Not for distribution to U.S. newswire services or dissemination in the United States
    VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: ‎HG) (OTCQB: HGCPF) (the “Company” or “HydroGraph”) announces that the Company has closed the second tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”) previously announced on October 30, 2023.
  • Pursuant to the Second Tranche, the Company issued an aggregate of 9,626,000 units of the Company (the “Units”) for aggregate gross proceeds of C$962,600.
  • To date, HydroGraph has sold and issued an aggregate of 19,886,856 Units for gross proceeds of approximately C$1.99 million pursuant to the Offering.
  • One insider of the Company participated in the Second Tranche and subscribed for a total of 250,000 Units for gross proceeds of C$25,000.

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 .

MARKSMEN ANNOUNCES PROPOSED PRIVATE PLACEMENT

Retrieved on: 
Thursday, February 22, 2024

The Units will be comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Marksmen.

Key Points: 
  • The Units will be comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Marksmen.
  • The Offering is being offered to all of the existing shareholders of Marksmen who are permitted to subscribe pursuant to the Existing Security Holder Exemption.
  • This news release may contain certain forward-looking information and statements, including without limitation, the closing of the private placement, statements pertaining to the use of proceeds, and the Company's ability to obtain necessary approvals from the TSX Venture Exchange.
  • Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Allied Announces Renewal of Normal Course Issuer Bid

Retrieved on: 
Thursday, February 22, 2024

The NCIB will expire on February 25, 2025, or such earlier date as Allied completes its purchases pursuant to the NCIB.

Key Points: 
  • The NCIB will expire on February 25, 2025, or such earlier date as Allied completes its purchases pursuant to the NCIB.
  • Under its normal course issuer bid that commenced on February 24, 2023, Allied sought and received approval from the TSX to purchase up to 12,582,628 Units and repurchased 103,023 Units at a weighted average price of $17.44 per Unit.
  • Allied may also purchase Units for cancellation from time to time, depending on the market price of the Units and other factors.
  • The actual results and performance of Allied discussed herein could differ materially from those expressed or implied by such forward-looking statements.