National Interest Party (Nigeria)

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.

Imperial Announces Closing of $16.8 Million Private Placement

Retrieved on: 
Thursday, August 31, 2023

VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”).
  • N. Murray Edwards purchased 3,500,000 Shares for an aggregate of $8.4 million and directors and officers of the Company purchased 753,000 Shares for an aggregate of $1.8 million.
  • The participation of Mr. Edwards and the directors and officers of the Company (collectively, the "Interested Parties") accounted for 60.8% of the proceeds from the Private Placement.
  • A 2% cash finder’s fee is payable on a portion of the Private Placement to certain parties other than Interested Parties.

MCI Onehealth Seeking Approval for Debt Financing of up to $1.5M

Retrieved on: 
Thursday, April 27, 2023

TORONTO, April 27, 2023 (GLOBE NEWSWIRE) -- MCI Onehealth Technologies Inc. (“MCI” or the “Company”) (TSX: DRDR), a clinician-led healthcare technology company focused on increasing access to and quality of healthcare, announced today that it is seeking the approval of the Toronto Stock Exchange for an additional $1,500,000 million debt financing facility from The First Canadian Wellness Co. Inc. (the “Lender”), a related party to the Company, to fund its ongoing operations and for general and administrative expenses while it continues to work towards longer term growth and stability.

Key Points: 
  • “We are thrilled to have the continued support of our major shareholders and other key stakeholders,” said Dr. Alexander Dobranowski, CEO of the Company.
  • All payments in Shares are subject to the future approval by the Toronto Stock Exchange and, in the absence of such approval, will be paid in cash.
  • The Company is also exempt from the minority approval requirement under MI 61-101 on the foregoing basis.
  • The extension of the New Facility to the Company is conditional on the Company obtaining the approval of the Toronto Stock Exchange.

First Phosphate Announces Closing of Oversubscribed Private Placement

Retrieved on: 
Tuesday, April 25, 2023

Toronto, Ontario--(Newsfile Corp. - April 25, 2023) - First Phosphate Corp. (CSE: PHOS) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement financing (the "Offering"), as described in the Company's news release dated April 4, 2023.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 25, 2023) - First Phosphate Corp. (CSE: PHOS) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement financing (the "Offering"), as described in the Company's news release dated April 4, 2023.
  • The Offering was oversubscribed for gross proceeds of $2,339,151.90.
  • All securities issued in connection with the Offering are subject to a statutory four month and one day hold period.
  • The Company entered into agreement to engage Captify Solutions Corporation ("Captify") for investor relations services with the effective date of April 21, 2023.

WE ACT Urges Prioritization of Communities Shouldering Largest Environmental and Economic Burdens

Retrieved on: 
Thursday, February 9, 2023

In a new memo sent to Interested Parties, WE ACT detailed the impacts of the methodology changes on addressing environmental injustices.

Key Points: 
  • In a new memo sent to Interested Parties, WE ACT detailed the impacts of the methodology changes on addressing environmental injustices.
  • The adjustments also increased the number of white people to benefit from the Justice40 Initiative by 10.7 million, diluting the proportion of eligible communities of color.
  • Out of 15.7 million people added, only 1.57 million were Black which is roughly 10%, lower than their overall representation in the population.
  • Additionally, in the updated version, redlining was only considered in a limited context and therefore doesn’t have the impact that environmental justice communities advocated for.

ILUS Summarizes Its Progress and Projections Following Its 2nd Annual Shareholder Meeting   

Retrieved on: 
Monday, February 6, 2023

The company held its 2nd Annual Shareholder Meeting in Miami on the 27th of January 2023, summarizing 2022 performance and outlining the roadmap for 2023.

Key Points: 
  • The company held its 2nd Annual Shareholder Meeting in Miami on the 27th of January 2023, summarizing 2022 performance and outlining the roadmap for 2023.
  • “Thank you to those Shareholders who attended our Annual Shareholder Meeting both in person and online, particularly those who travelled from far to join us in person.
  • A lot of information was covered on the day which is why we have provided this brief summary with some key highlights.
  • A full recording of the 2nd ILUS Annual Shareholder Meeting can be found on the ILUS International YouTube channel or at this link: https://youtu.be/ADoERd1JDns
    For further information on the companies, please see their communication channels:

First Phosphate Announces Closing of Oversubscribed Private Placement

Retrieved on: 
Tuesday, December 27, 2022

Toronto, Ontario--(Newsfile Corp. - December 27, 2022) - First Phosphate Corp. ("First Phosphate" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement financing (the "Offering") of shares in the capital of the Company (the "Shares").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - December 27, 2022) - First Phosphate Corp. ("First Phosphate" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement financing (the "Offering") of shares in the capital of the Company (the "Shares").
  • The proceeds of the Offering are expected to be used for general working capital purposes and for exploration activities.
  • All Shares issued in connection with the Offering are subject to a statutory four month and one day hold period.
  • In connection with the Offering, the Company paid $79,440 in finder's fees and issued 207,057 warrants ("Compensation Warrants").

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides a Progress and Contract Update on Its Profitable Virtual and Augmented Reality Training Company, KurveXR

Retrieved on: 
Monday, April 25, 2022

The company acquired KurveXR from TakeLeap in January 2022 and has since been expanding the business.

Key Points: 
  • The company acquired KurveXR from TakeLeap in January 2022 and has since been expanding the business.
  • Based out of Dubai, United Arab Emirates (UAE), KurveXR develops and delivers public safety Virtual Reality and Augmented Reality solutions for fire safety, emergency response, community safety, security, defense, and corporate onboarding.
  • When ILUS acquired KurveXR, it took ownership of a substantial wealth of software code and intellectual property, including over 6,000 custom digital assets for the training software.
  • As a disruptive technology company, KurveXR is playing an important role in our progress towards planned participation on a major stock exchange.

Miramis Mining Announces Closing of Non-Brokered Private Placement

Retrieved on: 
Monday, February 28, 2022

Vancouver, British Columbia--(Newsfile Corp. - February 28, 2022) - Miramis Mining Corp. (the "Company") is pleased to announce that effective February 28, 2022, it closed a non-brokered private placement financing (the "Financing").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - February 28, 2022) - Miramis Mining Corp. (the "Company") is pleased to announce that effective February 28, 2022, it closed a non-brokered private placement financing (the "Financing").
  • The proceeds of the Financing are expected to be used for general working capital purposes.
  • All Shares issued in connection with the Financing are subject to a hold period of four months and one day from closing.
  • The placement to those persons constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101").

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Acquisition, Vira Drones, Confirms Pre-Order Discussions for One Hundred Vira M500 Unmanned Aerial Vehicles

Retrieved on: 
Thursday, February 17, 2022

ILUS recently acquired Vira Drones, an Unmanned Aerial Vehicle (UAV) company based in Germany and Switzerland.

Key Points: 
  • ILUS recently acquired Vira Drones, an Unmanned Aerial Vehicle (UAV) company based in Germany and Switzerland.
  • Vira Drones develops and manufactures UAVs or Industrial Drones which provide the unmanned capability of light helicopters.
  • ILUS can confirm that Vira Drones is now in pre-order discussions with a global company for one hundred Vira M500 rescue UAVs.
  • The Vira Drones product range currently consists of the Vira M250, M500 and M750 which have a payload of 250kg, 500kg and 750kg respectively.