Multilateral

Ceylon Graphite Announces Closing of $365,000 Convertible Debenture Financing and Extension of Convertible Debenture

Retrieved on: 
Friday, October 27, 2023

VANCOUVER, British Columbia, Oct. 27, 2023 (GLOBE NEWSWIRE) --

Key Points: 
  • In addition, the Debentures are secured against all of the present and after acquired personal property of the Company.
  • The Company also announces that it expects to amend the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018.
  • The Company intends to amend the conversion price of the 2018 Convertible Debentures to $0.15 per 2018 Debenture Share and amend the maturity date of the 2018 Convertible Debentures to November 23, 2024 (the “Amendments”).
  • The Financing, Amendments and issuance of the Replacement Warrants are subject to the final approval of the TSX Venture Exchange.

Organigram Announces C$124.6 Million Investment from BAT and Creation of “Jupiter” Strategic Investment Pool

Retrieved on: 
Monday, November 6, 2023

In addition, this deepens the strategic partnership between Organigram and BAT, and we look forward to continuing to leverage BAT’s global capabilities and scientific expertise,” said Beena Goldenberg, CEO of Organigram.

Key Points: 
  • In addition, this deepens the strategic partnership between Organigram and BAT, and we look forward to continuing to leverage BAT’s global capabilities and scientific expertise,” said Beena Goldenberg, CEO of Organigram.
  • Through this investment, Organigram aims to capitalize on its state-of-the-art facilities, support further workstreams in R&D and product development and deliver impactful product launches.
  • The majority of the C$124.6 million investment will be used by Organigram to create a strategic investment pool, named Jupiter.
  • Additional information regarding the Investment will be included in a material change report to be filed by Organigram on www.sedarplus.ca .

ENTRÉE RESOURCES ANNOUNCES THIRD QUARTER 2023 RESULTS

Retrieved on: 
Friday, November 3, 2023

VANCOUVER, BC, Nov. 3, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the third quarter ended September 30, 2023.

Key Points: 
  • VANCOUVER, BC, Nov. 3, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the third quarter ended September 30, 2023.
  • As at September 30, 2023, construction of conveyor to surface works was approaching 75% completion.
  • Shaft sinking continued during the third quarter 2023.
  • Full results from the 2023 in-fill program for Hugo North Extension are pending.

TECPETROL AND ALPHA LITHIUM ANNOUNCE SUBSEQUENT ACQUISITION TRANSACTION AND COMPLETION OF OFFER

Retrieved on: 
Thursday, November 2, 2023

Tecpetrol and Alpha also announce that they have entered into an agreement (the "Acquisition Agreement") providing for the acquisition by Tecpetrol of all of the Alpha shares not acquired pursuant to the Offer (the "Subsequent Acquisition Transaction").

Key Points: 
  • Tecpetrol and Alpha also announce that they have entered into an agreement (the "Acquisition Agreement") providing for the acquisition by Tecpetrol of all of the Alpha shares not acquired pursuant to the Offer (the "Subsequent Acquisition Transaction").
  • Following completion of the Subsequent Acquisition Transaction, Tecpetrol will own 100% of the Alpha shares and Alpha will be a wholly-owned subsidiary of Tecpetrol.
  • Subject to the terms of the Acquisition Agreement, Alpha shareholders (other than Tecpetrol) will receive C$1.48 in cash per share pursuant to the Subsequent Acquisition Transaction, the identical consideration offered under the Offer.
  • The Subsequent Acquisition Transaction will be effected pursuant to the amalgamation of Alpha and a wholly-owned subsidiary of Tecpetrol under the Business Corporations Act (British Columbia) (the "Amalgamation").

PAN GLOBAL COMPLETES UPSIZED $6 MILLION PRIVATE PLACEMENT FINANCING

Retrieved on: 
Wednesday, November 1, 2023

VANCOUVER, BC, Nov. 1, 2023 /PRNewswire/ -- Pan Global Resources Inc. ("Pan Global" or the "Company") (TSX-V: PGZ; OTCQX: PGZFF) announces today the closing of its upsized $6 million non-brokered private placement financing. (All dollar amounts in this media release refer to Canadian dollars.)

Key Points: 
  • /NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/
    VANCOUVER, BC, Nov. 1, 2023 /PRNewswire/ -- Pan Global Resources Inc. ("Pan Global" or the "Company") (TSX-V: PGZ; OTCQX: PGZFF) announces today the closing of its upsized $6 million non-brokered private placement financing.
  • The Company announced on October 4, 2023, that it had arranged a non-brokered private placement financing of up to 10,000,000 units (the "Units") of securities at a price of $0.20 per Unit for aggregate gross proceeds of up to $2 million (the "Offering").
  • On October 19, 2023, the Company advised it would issue up to 30,000,000 Units for aggregate gross proceeds of up to $6 million in an upsized Offering.
  • The securities issued pursuant to this private placement are subject to a four-month hold period in Canada and will be subject to U.S. resale restrictions under U.S. securities laws.

DeFi Technologies Provides AUM Update - Approximately C$259 Million, Closing of $3 Million Private Placement and Other Corporate Updates

Retrieved on: 
Wednesday, November 1, 2023

AUM grew 40% to approximately C$259 million as of October 30, 2023, up from C$183 million as of June 30, 2023.

Key Points: 
  • AUM grew 40% to approximately C$259 million as of October 30, 2023, up from C$183 million as of June 30, 2023.
  • DeFi Technologies Inc. and Neuronomics AG entered into a landmark Joint Venture Agreement to develop AI-based digital asset exchange traded products, actively managed certificates, and asset-backed tokens for global distribution.
  • Valour Inc. entered into a collaboration with Bitcoin Suisse AG, the Swiss crypto-finance and technology pioneer.
  • The Company also announces that William C. Steers has resigned as a member of the board of directors effective immediately to pursue other opportunities.

BZAM Ltd. Secures Loan Facility from Chairman and Largest Shareholder's Investment Holding Company; Terminates Previously Announced Brokered Private Placement of Units

Retrieved on: 
Monday, October 30, 2023

The Loan will bear interest at a rate of prime plus 8% per annum and mature no earlier than April 1, 2025.

Key Points: 
  • The Loan will bear interest at a rate of prime plus 8% per annum and mature no earlier than April 1, 2025.
  • The Loan is intended to be used for general corporate expenses and working capital purposes, with the initial tranche of $1.19 million being funded today.
  • The Company's Chairman and largest shareholder, who is an insider of the Company, will be issuing the Loan.
  • The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101.

Wallbridge Closes Private Placement of Flow-Through Shares

Retrieved on: 
Thursday, October 26, 2023

TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 47,820,000 national flow-through common shares (the “National FT Shares”) and 25,632,666 Québec flow-through common shares (the “Québec FT Shares”) for aggregate gross proceeds of $9,437,910 (the “FT Share Private Placement”). The National FT Shares were issued at a price of $0.125 and the Québec FT Shares were issued at a price of $0.135.

Key Points: 
  • TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has completed a non-brokered private placement of 47,820,000 national flow-through common shares (the “National FT Shares”) and 25,632,666 Québec flow-through common shares (the “Québec FT Shares”) for aggregate gross proceeds of $9,437,910 (the “FT Share Private Placement”).
  • The National FT Shares were issued at a price of $0.125 and the Québec FT Shares were issued at a price of $0.135.
  • In addition, Agnico Eagle Mines Limited (“Agnico”) has elected to subscribe for 7,926,277 common shares for aggregate gross proceeds of $871,890 (the “AEM Private Placement”, and together with the FT Share Private Placement, the “Private Placements”).
  • In connection with the FT Share Private Placement, the Company paid a cash finder’s fee other than in respect of subscriptions by president’s list investors.

AURORA SPINE ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING

Retrieved on: 
Monday, October 23, 2023

Carlsbad, California, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Aurora Spine Corporation ("Aurora Spine" or the "Company") (TSX VENTURE: ASG) (OTCQB: ASAPF) is pleased to announce that it has completed a non-brokered private placement offering of units ("Units") for gross proceeds of approximately CDN$1.9 million (the "Offering").

Key Points: 
  • Carlsbad, California, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Aurora Spine Corporation ("Aurora Spine" or the "Company") (TSX VENTURE: ASG) (OTCQB: ASAPF) is pleased to announce that it has completed a non-brokered private placement offering of units ("Units") for gross proceeds of approximately CDN$1.9 million (the "Offering").
  • Each Unit is comprised of one common share of the Company and one common share purchase warrant of the Company.
  • Each whole warrant is exercisable at a price of CDN$0.50 per common share for a period of 24 months following the date of issuance.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

LithiumBank Closes Oversubscribed Private Placement For Gross Proceeds of $3,500,000 With 27% Insider Participation; Receives Conditional Acceptance For the Intellectual Property License Agreement With G2l Greenview Resources

Retrieved on: 
Friday, October 20, 2023

CALGARY, Alberta, Oct. 20, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (OTCQX: LBNKF) (the “Company” or “LithiumBank”) is pleased to announce that it has closed its previously announced non-brokered private placement for gross proceeds of $3,506,500 through the sale of 3,506,500 units ("Units") at a price of $1.00 per Unit (the "Private Placement"). Each Unit is comprised of one common share of the Company (a "Share") and one-half (1/2) of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional Share at a price of $1.50 per Share for a period of 24 months from the date of issuance.

Key Points: 
  • The Private Placement is subject to final acceptance of the TSX Venture Exchange (the "TSXV").
  • Their participation accounted for over 27.66% of the proceeds from the Private Placement.
  • The Company is also pleased to announce following update regarding the previously announced intellectual property license agreement dated September 8, 2023 (the “License Agreement”) with G2L Greenview Resources Inc. (“G2L”), a subsidiary of Go2Lithium Inc.
  • The License Agreement and the issuance of the Consideration Shares remain subject to final TSXV approval.