Income Tax Act 1967

Li-FT Closes $12.4 Million Public Offering

Retrieved on:

Friday, November 17, 2023

Lithium, Sale, WIRE, NOT, Exercise, Person, Income Tax Act 1967, FOR, NEWS, Prospectus, Regulation, Income Tax Act, Offering, Agent, Security (finance), Life insurance

VANCOUVER, British Columbia, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce it has closed the previously announced overnight marketed public offering (the “Offering”) of 1,437,500 common shares of the Company issued on a “flow-through" basis (each a “Flow-Through Share”) at a price of $8.65 per Flow-Through Share. The Offering generated aggregate gross proceeds of $12,434,375, which included the full exercise of the option granted to the agents to sell up to an additional 187,500 Flow-Through Shares. The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Key Points:

The Offering generated aggregate gross proceeds of $12,434,375, which included the full exercise of the option granted to the agents to sell up to an additional 187,500 Flow-Through Shares.
The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
The Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of agents, including SCP Resource Finance LP, Scotia Capital Inc. and Beacon Securities Limited (collectively, the “Agents”).
In connection with the Offering, the Company paid to the Agents a cash commission of 5.0% of the gross proceeds from the Offering.

Red Pine Announces C$5.0 Million “Bought Deal” Private Placement of Tranche 1 Flow-Through Shares and Tranche 2 Flow-Through Shares

Retrieved on:

Thursday, November 16, 2023

Sale, Special-purpose acquisition company, TSX Venture Exchange, OTCQB, Income Tax Act 1967, RPX, Initial public offering, Tranche, Income Tax Act, Offering, Security (finance)

TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters (together with Haywood, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, (i) 18,182,000 tranche 1 flow-through shares (the “Tranche 1 FT Shares”) of the Company at a price of C$0.22 per Tranche 1 FT Share (the “Tranche 1 FT Issue Price”), and (ii) 3,704,000 tranche 2 flow-through shares (the “Tranche 2 FT Shares” and together with the Tranche 1 FT Shares, the “Offered FT Shares”) of the Company at a price of C$0.27 per Tranche 2 FT Share (the “Tranche 2 FT Issue Price”), for gross proceeds to the Company of up to C$5,000,120 (the “Offering”).

Key Points:

All Qualifying Expenditures will be renounced in favour of the subscribers of the Offered FT Shares effective December 31, 2023.
The Offering is being made by way of private placement in Canada.
The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.
The Offering is subject to final acceptance of the TSXV.

Collective Metals Announces Flow Through Financing

Retrieved on:

Monday, November 13, 2023

Sale, COMT, Income Tax Act 1967, CSE, Offering, Income Tax Act

VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce a non-brokered private placement of up to 1,129,033 flow-through units of the Company ("FT Units") at a price of $0.31 per FT Unit for gross proceeds of up to $350,000 (the "Offering").

Key Points:

VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce a non-brokered private placement of up to 1,129,033 flow-through units of the Company ("FT Units") at a price of $0.31 per FT Unit for gross proceeds of up to $350,000 (the "Offering").
The gross proceeds received by the Company from the sale of the FT Units will be used to incur "Canadian exploration expenses" that are "flow-through critical mineral mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's properties located in British Columbia and Ontario.
The closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals.
The Company may pay finder's fees in connection with the Offering.

Andrew Peller Limited Announces Third Quarter Fiscal 2024 Dividend

Retrieved on:

Thursday, November 9, 2023

Income Tax Act 1967, Income Tax Act, Holding company

GRIMSBY, Ontario, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Andrew Peller Limited (ADW.A / ADW.B) (the “Company”) announced today that it has approved a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share to be paid on January 12, 2024 to shareholders of record on December 29, 2023.

Key Points:

GRIMSBY, Ontario, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Andrew Peller Limited (ADW.A / ADW.B) (the “Company”) announced today that it has approved a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share to be paid on January 12, 2024 to shareholders of record on December 29, 2023.
The Company has consistently paid common share dividends since 1979 and has increased dividends eight times over the last ten years, most recently in fiscal 2022.
The Company currently designates all dividends paid as “eligible dividends” for purposes of the Income Tax Act (Canada) unless indicated otherwise.

Generation Mining Closes C$15 Million Bought Deal Financing

Retrieved on:

Tuesday, November 21, 2023

Mining, Minerals, Natural Resources, Sale, Bookrunner, Indian stock exchange, Minority, Oil Taxation Act 1975, Income Tax Act 1967, Unit, Tender offer, Prospectus, Common, Income Tax Act, TSX, Offering, Security (finance)

The Offering included a lead order of C$5,000,000 of Units from Wheaton Precious Metals Corp. and participation by existing shareholders.

Key Points:

The Offering included a lead order of C$5,000,000 of Units from Wheaton Precious Metals Corp. and participation by existing shareholders.
Haywood Securities Inc. acted as sole underwriter and bookrunner in connection with the Offering.
Each Unit consisted of one common share (a “Common Share”) in the capital of the Company and one-fifth (1/5) of one common share purchase warrant of the Company (each whole warrant, a “Warrant”).
The Offered Securities were offered by way of a short form prospectus dated November 16, 2023, filed in all provinces of Canada, except Québec.

Power Nickel to Raise $2,750,000 at $0.90 Per Share to Complete Next Stage of Feasibility Study with CVMR Corporation

Retrieved on:

Monday, November 20, 2023

CVMR is coordinating the production of advanced bench scale, piloting, and engineering studies on the Nisk Nickel Sulfide Project near Nemaska, Quebec to determine project feasibility.

Key Points:

CVMR is coordinating the production of advanced bench scale, piloting, and engineering studies on the Nisk Nickel Sulfide Project near Nemaska, Quebec to determine project feasibility.
The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.
As part of the process, CVMR will acquire these shares from the front-end purchasers for $0.45 per share.
Further to the Company's announcement made on August 15th, Power Nickel will make the next payment of $2,250,000 to CVMR to complete the next stage of the feasibility study.

Supremex Announces Q3 2023 Results

Retrieved on:

Thursday, November 9, 2023

With continuous efforts to drive efficient working capital management, Supremex generated a solid free cash flow during the third quarter.

Key Points:

With continuous efforts to drive efficient working capital management, Supremex generated a solid free cash flow during the third quarter.
Taking into consideration the business acquisitions, Supremex reimbursed over $9 million of long-term debt and repurchased shares,” said Stewart Emerson, President & CEO of Supremex.
On November 8, 2023, the Board of Directors declared a quarterly dividend of $0.035 per common share, payable on December 22, 2023, to the shareholders of record at the close of business on December 7, 2023.
November 9, 2023 - Third Quarter Results Conference Call:
A conference call to discuss the Company’s results for the third quarter ended September 30, 2023 will be held Thursday, November 9, 2023 at 10:00 a.m. (Eastern Time).

Mayfair Gold Announces Closing of Private Placement Financings

Retrieved on:

Friday, November 3, 2023

Sale, Multilateral, CEE, MFG, MI, News, Engineering, Offering, Effective interest rate, Income Tax Act 1967, Income Tax Act, Security (finance), Life insurance, Share (finance)

VANCOUVER, British Columbia, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the closing of its previously announced private placement of flow-through and non-flow-through common shares (the “Offering”) for aggregate gross proceeds of $12,047,000.

Key Points:

VANCOUVER, British Columbia, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) today announced the closing of its previously announced private placement of flow-through and non-flow-through common shares (the “Offering”) for aggregate gross proceeds of $12,047,000.
The Offering price per FT Share represents a premium of 38% over the closing price of Mayfair Gold common shares on the TSX.V on October 10, 2023.
The FT Shares and Shares issued under the Offering are subject to a four month hold period expiring on March 3, 2024.
The fund owns shares of the Company constituting in aggregate more than 10% of the Company’s issued and outstanding capital.

New Found Gold Corp. Announces C$56 Million Bought Deal Financing

Retrieved on:

Monday, October 30, 2023

TSX Venture Exchange, Sale, NYSE, BMO Capital Markets, EDGAR, Telephone, Form, News, NFG, Charity, ATTN:, Income Tax Act 1967, NYSE American, International Data Group, Income Tax Act, Capital, Security (finance), Property management

Each Charity Flow-Through Common Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada).

Key Points:

Each Charity Flow-Through Common Share will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada).
The Company intends to use gross proceeds from the financing to continue its exploration and drilling efforts at its Queensway Project.
The Charity Flow-Through Common Shares will be offered by way of a prospectus supplement in all of the provinces and territories of Canada, excluding Quebec.
The Charity Flow-Through Common Shares will also be offered by way of a U.S. prospectus supplement forming part of the Company’s registration statement on Form F-10 in the United States.

New Found Closes $56 Million Bought Deal Financing

Retrieved on:

Monday, November 6, 2023

Mining, Minerals, Natural Resources, Sale, BMO Capital Markets, Form, Offering, Income Tax Act 1967, Canadian Securities Administrators, Income Tax Act, Capital, Security (finance)

The Offering included significant participation by existing shareholders, representing approximately 50% of the issued shares from the Offering.

Key Points:

The Offering included significant participation by existing shareholders, representing approximately 50% of the issued shares from the Offering.
All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2023.
Following completion of the Offering, the Company will have approximately $71.4M in cash and marketable securities.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.