Brucejack/Bowser Aerodrome

Dolly Varden Silver Announces $18 Million Flow-Through Brokered Financing

Retrieved on: 
Monday, December 5, 2022

VANCOUVER, British Columbia, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce that the Company has entered into an agreement with Research Capital Corporation and Eventus Capital Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents (collectively, the "Agents") in connection with a brokered private placement financing (the "Offering") to raise gross proceeds of up to $18 million from the sale of: (i) common shares of the Company that qualify as "flow-through shares" as defined under the Income Tax Act (Canada) (the "FT Offered Shares") at a price of $0.90 per share ("FT Offered Price"); and (ii) common shares of the Company that qualify as "flow-through shares" as defined under the Income Tax Act (Canada) that will be issued as part of a charity arrangement (the "Charity Offered Shares" and together with the FT Offered Shares, the “Offered Shares”) at a price of $1.05 per share ("Charity Offered Price" and together with the FT Offered Price, the “Offering Prices”). A portion of the Offering (the “LIFE Offering”) of up to 9,523,809 Charity Offered Shares will be offered via the Listed Issuer Financing Exemption (as defined below).

Key Points: 
  • "2022 has been a transformational year for Dolly Varden Silver.
  • In addition, significant broad high-grade silver mineralization has continued to expand and extend the Torbrit deposit, specifically at the Kitsol vein.
  • Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Projects (which include the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water.
  • projects host the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines.

Tudor Gold Corp. and Goldstorm Metals Corp. Announce Closing of Spin-out Arrangement and Listing of Goldstorm Metals Corp.

Retrieved on: 
Friday, November 11, 2022

As a result of the Arrangement, Goldstorm ceased to be a wholly-owned subsidiary of Tudor Gold, and shareholders of Tudor Gold became shareholders of Goldstorm.

Key Points: 
  • As a result of the Arrangement, Goldstorm ceased to be a wholly-owned subsidiary of Tudor Gold, and shareholders of Tudor Gold became shareholders of Goldstorm.
  • Additionally, the Goldstorm Shares were listed on the TSX Venture Exchange (the "TSXV") under ticker symbol "GSTM" as at the close of business on November 10, 2022.
  • Tudor Gold retains its remaining assets and working capital and will continue as a precious and base metals exploration and development company.
  • Tudor Gold shareholders who hold their Old Tudor Shares through an intermediary are encouraged to contact their intermediaries if they have any questions.

Tudor Gold Corp. and Goldstorm Metals Corp. Announce Closing of Spin-Out Arrangement and Listing of Goldstorm Metals Corp.

Retrieved on: 
Friday, November 11, 2022

As a result of the Arrangement, Goldstorm ceased to be a wholly-owned subsidiary of Tudor Gold, and shareholders of Tudor Gold became shareholders of Goldstorm.

Key Points: 
  • As a result of the Arrangement, Goldstorm ceased to be a wholly-owned subsidiary of Tudor Gold, and shareholders of Tudor Gold became shareholders of Goldstorm.
  • Additionally, the Goldstorm Shares were listed on the TSX Venture Exchange (the "TSXV") under ticker symbol "GSTM" as at the close of business on November 10, 2022.
  • Tudor Gold retains its remaining assets and working capital and will continue as a precious and base metals exploration and development company.
  • Tudor Gold shareholders who hold their Old Tudor Shares through an intermediary are encouraged to contact their intermediaries if they have any questions.

Goldstorm Metals, Subsidiary of Tudor Gold, Announces Closing of Non-Brokered Private Placement

Retrieved on: 
Saturday, October 29, 2022

In connection with the Private Placement, the Company issued 260,052 finder's warrants (the "Finder's Warrants") and paid commissions of $97,031.12 to certain arm's length finders.

Key Points: 
  • In connection with the Private Placement, the Company issued 260,052 finder's warrants (the "Finder's Warrants") and paid commissions of $97,031.12 to certain arm's length finders.
  • In connection with the Listing, the closing of the Private Placement is subject to the final approval of the Exchange.
  • Tudor Gold will provide additional information on the timing of the closing, including the Effective Date, of the Spin-Out Transaction in a subsequent news release.
  • ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.
    For further information, please visit the Company's website at www.tudor-gold.com or contact:

Tudor Gold Announces Closing of $7.75 Million Private Placement Offering, with Participation by Eric Sprott

Retrieved on: 
Thursday, September 22, 2022

Each FT Unit will consist of (i) a Special Warrant, and (ii) one-half of one Warrant.

Key Points: 
  • Each FT Unit will consist of (i) a Special Warrant, and (ii) one-half of one Warrant.
  • Each Charity FT Unit will consist of (i) a Special Warrant, and (ii) one-half of one Warrant.
  • Eric Sprott, through 2176423 Ontario Ltd, a corporation beneficially owned by him, subscribed for $2,000,000 in the Offering.
  • ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.
    For further information, please visit the Company's website at www.tudor-gold.com or contact:

Tudor Gold Announces Upsize of Amended Private Placement Financing to $8 Million and Amendment to Arrangement Agreement

Retrieved on: 
Tuesday, August 30, 2022

Tudor Gold believes that the proposed Spin-Out Arrangement and the Amended Arrangement Agreement are in the best interests of the Company and its stakeholders.

Key Points: 
  • Tudor Gold believes that the proposed Spin-Out Arrangement and the Amended Arrangement Agreement are in the best interests of the Company and its stakeholders.
  • The Company is also amending the wording of the Arrangement Resolution (as defined in the Circular) to reflect the date of the Amended Arrangement Agreement.
  • The Amended Arrangement Agreement, including the plan of arrangement (the "Arrangement") pursuant to which the Spin-Out Arrangement is to be implemented under Business Corporations Act (British Columbia), and a blackline of the Amended Arrangement Agreement, will be made available under Tudor Gold's SEDAR profile at www.sedar.com .
  • ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.
    For further information, please visit the Company's website at www.tudor-gold.com or contact:

Tudor Gold Announces $7 Million Brokered Private Placement Offering

Retrieved on: 
Friday, August 5, 2022

The net proceeds from the sale of Units will be used for the Company's ongoing exploration drilling program, working capital requirements and other general corporate purposes.

Key Points: 
  • The net proceeds from the sale of Units will be used for the Company's ongoing exploration drilling program, working capital requirements and other general corporate purposes.
  • The Units, FT Units and Charity FT Units to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada.
  • The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast.
  • ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP.
    For further information, please visit the Company's website at www.tudor-gold.com or contact:

Tudor Gold Obtains Interim Order and Provides Transaction Update

Retrieved on: 
Thursday, August 4, 2022

For further information on the Arrangement, please refer to the Initial News Releases.

Key Points: 
  • For further information on the Arrangement, please refer to the Initial News Releases.
  • The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast.
  • In April 2021 Tudor Gold published their 43-101 technical report, "Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada" dated March 1, 2021 on the Company's SEDAR profile.
  • The Company also has a 100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the Golden Triangle area.

METALLIS ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Tuesday, June 7, 2022

VANCOUVER, BC, June 7, 2022 /PRNewswire/ - Metallis Resources Inc.(TSX-V: MTS) (OTCQB: MTLFF) (FSE: 0CVM) (the "Company" or "Metallis") announces a non-brokered placement (the "Financing") of up to $2 million.

Key Points: 
  • VANCOUVER, BC, June 7, 2022 /PRNewswire/ - Metallis Resources Inc.(TSX-V: MTS) (OTCQB: MTLFF) (FSE: 0CVM) (the "Company" or "Metallis") announces a non-brokered placement (the "Financing") of up to $2 million.
  • Each flow-through unit will consist of one flow-through common share and one-half of a non-flow-through, non-transferable share purchase warrant.
  • The proceeds of the flow-through private placement will be incurred on "Canadian exploration expenses" (within the meaning of the Act).
  • Closing of the private placement is subject to receipt of all necessary regulatory approvals and final acceptance by the TSXV.

METALLIS COMPLETES INITIAL 3D GEOLOGICAL MODEL WHICH REVEALS LARGE ZONES OF PORPHYRY AND GOLD-ENRICHED ZONES

Retrieved on: 
Wednesday, May 18, 2022

It is located approximately 30 km west of Seabridge's world class KSM porphyry deposits, and Newcrest Mining's producing Brucejack gold mine.

Key Points: 
  • It is located approximately 30 km west of Seabridge's world class KSM porphyry deposits, and Newcrest Mining's producing Brucejack gold mine.
  • Nickolas Dudek, Metallis' Chief Geologist, stated "It is incredibly rewarding for the Company to achieve this critical milestone in the continued development of the Cliff-Miles porphyry corridor.
  • Through this geological 3D Model, the team is finally able to highlight the true scale of the system and demonstrate the dominant controls on grade within the well-mineralized Medium-Grained Porphyry ("MP") and the later gold-enriched zones.
  • Metallis geologists have built a 3D model for each of the porphyry phases and gold-enriched zones at the Cliff-Miles to help demonstrate the distribution of high-grade intercepts;
    The highest porphyry grades can be tied to a semi-continuous Medium-Grained Porphyry ("MP") composed of a single dike-like feeder (or "trunk") and two sill-like branches.