Flow-through share

O3 Mining Announces Closing of C$18.5 Million Non-Brokered Private Placement of Common and Flow-Through Shares

Retrieved on: 
Tuesday, December 12, 2023

The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".

Key Points: 
  • The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".
  • The net proceeds from the sale of the Hard Dollar Shares are expected to be used by the Corporation for working capital and general corporate purposes.
  • All securities issued under the Offering are subject to a hold period expiring four months and one day from the date hereof.
  • The Offering remains subject to certain conditions including, but not limited to, the receipt of the final approval of the TSX Venture Exchange.

O3 Mining Upsizes Previously-Announced Non-Brokered Private Placement Up To C$18.5 Million

Retrieved on: 
Friday, December 1, 2023

The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".

Key Points: 
  • The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".
  • The gross proceeds from the sale of the Flow-Through Shares will be used by the Corporation to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Corporation's projects in Québec.
  • The net proceeds from the sale of the Hard Dollar Shares are expected to be used by the Corporation for working capital and general corporate purposes.
  • This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

Ninepoint Partners Closes 2023 Short Duration Flow-Through LP With Over $20 Million In Proceeds

Retrieved on: 
Tuesday, October 24, 2023

TORONTO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the second and final closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated September 27, 2023.

Key Points: 
  • TORONTO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the second and final closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated September 27, 2023.
  • The Partnership raised $6,553,200 on the sale of an additional 262,128 units for aggregate gross proceeds of $20,321,675.
  • The Partnership intends to provide liquidity to limited partners through a tax-deferred rollover to the Ninepoint Resource Fund Class in the period between January 15, 2025 and February 28, 2025.
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.

Ninepoint Partners Announces First Closing of Ninepoint 2023 Short Duration Flow-Through Limited Partnership

Retrieved on: 
Thursday, October 5, 2023

TORONTO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated September 27, 2023.

Key Points: 
  • TORONTO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated September 27, 2023.
  • The Partnership will have a second and final closing in respect of the Units on or about October 24, 2023.
  • The Partnership intends to provide liquidity to limited partners through a tax-deferred rollover to the Ninepoint Resource Fund Class in the period between January 15, 2025 and February 28, 2025.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Ninepoint Partners Announces Ninepoint 2023 Short Duration Flow-Through Limited Partnership

Retrieved on: 
Thursday, August 17, 2023

TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) filed a preliminary prospectus (the “Prospectus”) on August 15, 2023 in connection with its offering of limited partnership units (the “Units”).

Key Points: 
  • TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Short Duration Flow-Through Limited Partnership (the “Partnership”) filed a preliminary prospectus (the “Prospectus”) on August 15, 2023 in connection with its offering of limited partnership units (the “Units”).
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.
  • The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2025 and February 28, 2025.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Argonaut Gold Announces Upsize of Bought Deal Private Placement of Flow-Through Shares to C$17.5 Million

Retrieved on: 
Thursday, April 27, 2023

TORONTO, April 27, 2023 (GLOBE NEWSWIRE) -- Argonaut Gold Inc. (TSX:AR) ("Argonaut" or the "Company") is pleased to announce that it has amended the agreement with a syndicate of underwriters led by Scotiabank and Cormark Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to buy on a “bought deal” private placement basis, subject to a right to substitute purchasers, for aggregate gross proceeds of approximately C$17.5 million, as follows: (i) 6,613,800 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian exploration expenses” (the “CEE Flow-Through Shares”) at a price of C$0.756 per CEE Flow-Through Share for gross proceeds of C$5,000,033; and (ii) 18,656,800 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian development expenses” (“CDE Flow-Through Shares”, and together with the CEE Flow-Through Shares, the “Flow-Through Shares”) at a price of C$0.67 per CDE Flow-Through Share for gross proceeds of C$12,500,056.

Key Points: 
  • The proceeds of the offering will be used to incur Qualifying Expenditures (as defined below) at the Company’s Magino project.
  • The Company shall renounce the Qualifying Expenditures so incurred to the purchasers of the Flow-Through Shares effective on or before December 31, 2023.
  • The offering is expected to close on or about May 24, 2023 and is subject to Argonaut receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
  • The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Argonaut Gold Announces C$15 Million Bought Deal Private Placement of Flow-Through Shares

Retrieved on: 
Thursday, April 27, 2023

TORONTO, April 27, 2023 (GLOBE NEWSWIRE) -- Argonaut Gold Inc. (TSX:AR) ("Argonaut" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Scotiabank and Cormark Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to buy on a “bought deal” private placement basis, subject to a right to substitute purchasers, for aggregate gross proceeds of approximately C$15 million, as follows: (i) 6,613,800 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian exploration expenses” (the “CEE Flow-Through Shares”) at a price of C$0.756 per CEE Flow-Through Share for gross proceeds of C$5,000,033; and (ii) 14,925,500 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian development expenses” (“CDE Flow-Through Shares”, and together with the CEE Flow-Through Shares, the “Flow-Through Shares”) at a price of C$0.67 per CDE Flow-Through Share for gross proceeds of C$10,000,085.

Key Points: 
  • The proceeds of the offering will be used to incur Qualifying Expenditures (as defined below) at the Company’s Magino project.
  • The Company shall renounce the Qualifying Expenditures so incurred to the purchasers of the Flow-Through Shares effective on or before December 31, 2023.
  • The offering is expected to close on or about May 24, 2023 and is subject to Argonaut receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
  • The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Ninepoint Partners Closes 2023 Flow-Through LP With Over $33 Million in Proceeds

Retrieved on: 
Thursday, April 20, 2023

TORONTO, April 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Flow-Through Limited Partnership (the “Partnership”) has completed the third and final closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated January 30, 2023.

Key Points: 
  • TORONTO, April 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2023 Flow-Through Limited Partnership (the “Partnership”) has completed the third and final closing in connection with its offering of Class A and Class F limited partnership Units (the “Units”) pursuant to a prospectus dated January 30, 2023.
  • The Partnership raised $5,141,300 on the sale of an additional 205,652 units for aggregate gross proceeds of $33,460,925.
  • The Partnership intends to provide liquidity to limited partners through a tax-deferred rollover to the Ninepoint Resource Fund Class in the period between January 15, 2025 and February 28, 2025.
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.

Global Graphite Market Size Projected To Grow To $25.70 Billion In 2028

Retrieved on: 
Thursday, March 30, 2023

PALM BEACH, Fla., March 30, 2023 /PRNewswire/ -- Graphite is a kind of elemental carbon that is one of the few elements found in its natural state. It combines metallic and non-metallic qualities, making it ideal for a wide variety of industrial applications. It has high electrical and thermal conductivity, exceptional thermal stability, and lubricity. In the coming decades, this industry is expected to face major market shifts, as the booming lithium-ion battery industry is expected to significantly boost production. Via the use of refractory materials, the steel industry has historically been the driver of consumption. Robust growth for the battery industry is expected to fuel demand, depending on economic factors such as market penetration and adoption, as a growing number of countries around the world step up their efforts to encourage the production and use of green energy in order to transition towards a lower emission future in the transport and energy sectors.  A report from Fortune Business Insights projected that the global graphite market size was USD 13.60 billion in 2020 and is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period.  Active companies in the markets this week include: Reflex Advanced Materials Corp. (OTCQB: RFLXF) (CSE: RFLX), Tesla, Inc. (NASDAQ: TSLA), Patriot Battery Metals Inc. (OTCQX: PMETF)  (TSX-V: PMET), Syrah Resources Limited (OTCPK: SYAAF) (OTCPK: SRHYY), Nouveau Monde Graphite Inc. (NYSE: NMG) (TSX-V: NOU).

Key Points: 
  • In the coming decades, this industry is expected to face major market shifts, as the booming lithium-ion battery industry is expected to significantly boost production.
  • A report from Fortune Business Insights projected that the global graphite market size was USD 13.60 billion in 2020 and is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period.
  • The lithium-ion battery value chain is primarily based in China, and Chinese anode suppliers have the highest installed capacities globally."
  • The proposed Uatnan Mining Project is currently one of the largest projected natural graphite productions being developed in the world.

Global Graphite Market Size Projected To Grow To $25.70 Billion In 2028

Retrieved on: 
Thursday, March 30, 2023

PALM BEACH, Fla., March 30, 2023 /PRNewswire/ -- Graphite is a kind of elemental carbon that is one of the few elements found in its natural state. It combines metallic and non-metallic qualities, making it ideal for a wide variety of industrial applications. It has high electrical and thermal conductivity, exceptional thermal stability, and lubricity. In the coming decades, this industry is expected to face major market shifts, as the booming lithium-ion battery industry is expected to significantly boost production. Via the use of refractory materials, the steel industry has historically been the driver of consumption. Robust growth for the battery industry is expected to fuel demand, depending on economic factors such as market penetration and adoption, as a growing number of countries around the world step up their efforts to encourage the production and use of green energy in order to transition towards a lower emission future in the transport and energy sectors.  A report from Fortune Business Insights projected that the global graphite market size was USD 13.60 billion in 2020 and is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period.  Active companies in the markets this week include: Reflex Advanced Materials Corp. (OTCQB: RFLXF) (CSE: RFLX), Tesla, Inc. (NASDAQ: TSLA), Patriot Battery Metals Inc. (OTCQX: PMETF)  (TSX-V: PMET), Syrah Resources Limited (OTCPK: SYAAF) (OTCPK: SRHYY), Nouveau Monde Graphite Inc. (NYSE: NMG) (TSX-V: NOU).

Key Points: 
  • In the coming decades, this industry is expected to face major market shifts, as the booming lithium-ion battery industry is expected to significantly boost production.
  • A report from Fortune Business Insights projected that the global graphite market size was USD 13.60 billion in 2020 and is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period.
  • The lithium-ion battery value chain is primarily based in China, and Chinese anode suppliers have the highest installed capacities globally."
  • The proposed Uatnan Mining Project is currently one of the largest projected natural graphite productions being developed in the world.