Multilateral

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.

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.

CryptoBlox Converts Debts at $0.55 per Share

Retrieved on: 
Tuesday, March 12, 2024
Minority, Acquisition, Share (finance), Blockchain, Multilateral

The Settlement Shares are being issued at a price of $0.55, in accordance with the policies of the Canadian Securities Exchange (the “CSE”).

Key Points: 
  • The Settlement Shares are being issued at a price of $0.55, in accordance with the policies of the Canadian Securities Exchange (the “CSE”).
  • The Company is completing the Shares for Debt Transaction to improve its financial position by reducing its existing liabilities.
  • No new control person of the Company will be created pursuant to the Shares for Debt Transaction.
  • “I wanted to lead by example in converting my debts into shares of the Company at $0.55 per share, which was the same price as our last acquisition,” stated Akshay Sood, CEO of CryptoBlox.

Abcourt Announces a Non-Brokered Private Placement for up to $5.0 Million Resulting in the Creation of a Control Person

Retrieved on: 
Tuesday, March 12, 2024
Giant, Indian stock exchange, Control, Private placement, TSX Venture Exchange, Private, Minority, Sale, TMX Group, WIRE, News, SARL, Unit, Special, NOT, Multilateral, NEWS, Person, Security (finance)

ROUYN-NORANDA, Quebec, March 12, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce a non-brokered private placement of up to 100,000,000 units of the Corporation (“Units”) at a price of $0.05 per Unit for aggregate gross proceeds of up to $5,000,000 (the “Private Placement”) as a result of which François Mestrallet, a director of the Corporation, will become a Control Person of the Corporation (as such term is defined in the policies of the TSX Venture Exchange (the “TSXV”).

Key Points: 
  • Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • The Private Placement is expected to close on or about March 26, 2024 and remains subject to approval of the TSXV.
  • Shareholders of the Corporation will be asked at the Special Meeting to consider and, if thought fit, to pass a resolution (the “Control Person Resolution”) approving the creation of a Control Person.
  • Additional information regarding the Private Placement and the Control Person Resolution will be provided in the management information circular to be prepared in respect of the Special Meeting.

Almonty Industries Inc. - Placement of Common Share Units and CDI’s raises C$1.47 million1 with Further Commitments of C$1.178 million for acceleration of Tungsten downstream planning and Molybdenum reserves conversion.

Retrieved on: 
Saturday, March 23, 2024
Finance, Natural Resources, Professional Services, Other Natural Resources, Mining, Minerals, Indian stock exchange, Private placement, ANY, Private, CDI, APT, Minority, Risk, ASX, Sale, Acquisition, Placement, Lead, THIS, Tungsten, Moly, TSX, AII, ALI, Multilateral, UPDATE, Person

Proceeds from the Placement will be applied towards general working capital, including accelerating the downstream project planning and further investigation of the Moly due to increasing interest in the material domestically.

Key Points: 
  • Proceeds from the Placement will be applied towards general working capital, including accelerating the downstream project planning and further investigation of the Moly due to increasing interest in the material domestically.
  • The Placement Units and Placement CDI’s issued will rank equally with existing CDI’s and Common Shares on issue.
  • The closing of the CDI Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX.
  • READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.

Li-Cycle Announces $75 Million Strategic Investment from Glencore

Retrieved on: 
Tuesday, March 12, 2024
Other Manufacturing, Environment, Technology, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, Recycling, Exercise, Convertible, Sale, Bank statement, Investment, Marketing, Transaction, PIK, Audit committee, Committee, Partnership, Minority, LON, VWAP, Multilateral, Person, GC, Date, Annual report, 8-K, Hub, Nickel, Ontario Securities Commission, Cobalt, Redemption, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.
  • The SC engaged Moelis & Company LLC, a leading global investment bank (“Moelis”), as its financial advisor and placement agent.
  • As part of the partnership, Glencore previously made a $200 million investment in Li-Cycle in June 2022 through the purchase of a convertible note (the “Existing Note”).
  • The Glencore investment will result in Glencore purchasing from the Company a senior secured convertible note in the aggregate principal amount of $75 million.

INDIGO AGREES TO BE TAKEN PRIVATE BY TRILOGY AT $2.50 PER SHARE

Retrieved on: 
Wednesday, April 3, 2024
Blake, Cassels & Graydon, BMO, Committee, Minority, Special, Chairperson, Torys, LLP, Effective interest rate, Attention, Toronto Stock Exchange, Suite, TSX, BMO Capital Markets, VWAP, IDG, Multilateral, Transaction, Security (finance)

TILP and TRHI are controlled by Mr. Gerald W. Schwartz, a member of the board of directors of the Company (the "Board").

Key Points: 
  • TILP and TRHI are controlled by Mr. Gerald W. Schwartz, a member of the board of directors of the Company (the "Board").
  • The cash premium transaction will provide Minority Shareholders with immediate and certain value that is expected to be higher than that realizable in the foreseeable future.
  • Mr. Dohle added, "Since its inception, Indigo has established itself as a cherished Canadian brand with an important leadership role in the Canadian publishing and bookselling industries.
  • To obtain a copy of the early warning report, please contact Trilogy, 161 Bay Street, 49th Floor, Toronto, ON, M5J 2S1, Attention: Lori Shapiro, 416-362-7711.

Burcon Closes Over-Subscribed $4.3 Million Non-Brokered Private Placement to Accelerate Commercial Plans

Retrieved on: 
Tuesday, March 12, 2024
Person, TSX, Sale, Multilateral, Indian stock exchange, Drink, Offering, Research, Security (finance)

Principal subscribers include Company directors, management, long-term shareholders, and new investors in support of Burcon's long-term vision.

Key Points: 
  • Principal subscribers include Company directors, management, long-term shareholders, and new investors in support of Burcon's long-term vision.
  • "We are excited to announce the successful completion of our private placement and combined with non-dilutive capital sources, fully funds our business plan to cash flow positive," said Kip Underwood, Burcon's chief executive officer.
  • "In response to significant customer interest for our protein offerings, we are accelerating our commercial plans.
  • All securities issued in connection with the Offering are subject to a statutory hold period in Canada expiring four months and one day from the closing of the private placement.