Oil Taxation Act 1975

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.

O3 Mining Announces Closing of C$18.5 Million Non-Brokered Private Placement of Common and Flow-Through Shares

Retrieved on:

Tuesday, December 12, 2023

Sale, Indian stock exchange, Flow-through share, TSX Venture Exchange, OIII, Oil Taxation Act 1975, NEWS, Tranche, Regulation, Income Tax Act, Offering, News, Security (finance), Holding company, Life insurance, Corporation

The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".

Key Points:

The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".
The net proceeds from the sale of the Hard Dollar Shares are expected to be used by the Corporation for working capital and general corporate purposes.
All securities issued under the Offering are subject to a hold period expiring four months and one day from the date hereof.
The Offering remains subject to certain conditions including, but not limited to, the receipt of the final approval of the TSX Venture Exchange.

O3 Mining Upsizes Previously-Announced Non-Brokered Private Placement Up To C$18.5 Million

Retrieved on:

Friday, December 1, 2023

The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".

Key Points:

The Tranche 1 FT Shares, Tranche 2 FT Shares and Tranche 3 FT Shares are, collectively, referred to herein as "Flow-Through Shares".
The gross proceeds from the sale of the Flow-Through Shares will be used by the Corporation to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures") related to the Corporation's projects in Québec.
The net proceeds from the sale of the Hard Dollar Shares are expected to be used by the Corporation for working capital and general corporate purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

Brunswick Exploration Announces Non-Brokered Private Placement of $5M

Retrieved on:

Tuesday, October 31, 2023

TSX Venture Exchange, Sale, BRW, Project, Oil Taxation Act 1975, OTCQB, Indian stock exchange, Foreign Investment in Real Property Tax Act, Mirage, Section 50C of the Isle of Man Income Tax Act 1970, Elrond, TSX, Income Tax Act, Security (finance), Life insurance

MONTREAL, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; “BRW” or the “Company”) is pleased to announce a non-brokered private placement (the "Offering") to raise gross proceeds of up to $5,000,000 from the sale of the following:

Key Points:

Killian Charles, President & CEO of BRW, commented: “Over the previous weeks, we have identified multiple spodumene bearing outcrops at Mirage and our inaugural drilling campaign has barely begun testing the potential of the Project.
With initial drill results forthcoming, this financing will enable the Company to continue its aggressive drilling campaign at Mirage into Q1 2024 and beyond.
The Offered Shares will be subject to a statutory four month and one day hold period.
This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Troilus Announces $15 Million Bought Deal Offering

Retrieved on:

Monday, October 30, 2023

Sale, Toronto Stock Exchange, OTCQX, Person, News, Oil Taxation Act 1975, Haywood, National instrument, TLG, Offering, QFT, Section 50C of the Isle of Man Income Tax Act 1970, TSX, Underwriting, Income Tax Act, Security (finance), Unit

MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG, OTCQX: CHXMF) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), on behalf of themselves and a syndicate of underwriters to be formed (collectively, together with Haywood, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal public offering basis, (i) 28,580,000 units of the Company (the “Units”) at a price of C$0.35 per Unit (the “Unit Issue Price”), (ii) 7,150,000 traditional flow-through shares of the Company (the “FT Shares”) at a price of C$0.42 per FT Share (the “FT Issue Price”); and (iii) 4,550,000 Québec flow-through shares of the Company (the “QFT Shares” and together with the Units and FT Shares, the “Offered Securities”) at a price of C$0.44 per QFT Share (the “QFT Issue Price”), representing total gross proceeds to the Company of C$15,008,000 (the “Offering”).

Key Points:

All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares and QFT Shares effective December 31, 2023.
The net proceeds from the sale of the Units will be used by the Company to fund exploration and development at the Company’s Troilus gold project, and for working capital and general corporate purposes.
The Offered Securities will be offered by way of short form prospectus in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions.
The Offering is scheduled to close on or about November 20, 2023, subject to customary closing conditions, including receipt of all necessary approvals including the approval of the Toronto Stock Exchange (“TSX”).

Wallbridge Closes Private Placement of Flow-Through Shares

Retrieved on:

Thursday, October 26, 2023

Sale, Multilateral, Minority, OTCQX, MI, Private, Gold, Private placement, Oil Taxation Act 1975, Barapukuria Coal Mining Company Limited, Walbridge, AEM, Income Tax Act 1967, TSX, Income Tax Act, Security (finance), Agnico Eagle

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.

Azimut Announces Closing of $8.18 Million Bought Deal Private Placement Financing

Retrieved on:

Thursday, September 28, 2023

Cloud, Exercise, FT, AEM, TSX Venture Exchange, Section 50C of the Isle of Man Income Tax Act 1970, Critical, Oil Taxation Act 1975, Sale, Offering, Income Tax Act, TSX, Agnico Eagle, Wainwright Securities Inc. v. Wall Street Transcript Corp., Life insurance, Security (finance)

LONGUEUIL, Québec, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce that it has closed its previously announced bought deal private placement financing (the “Offering”) for total gross proceeds of approximately $8.18 million, consisting of 2,442,100 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “Premium FT Shares”) at a price of $2.0475 per Premium FT Share, 550,600 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $1.8165 per FT Share, and 2,082,100 common shares of the Company (the “Hard Dollar Shares”) at a price of $1.05 per Hard Dollar Share, which includes the exercise of the underwriters’ option to purchase 177,300 additional Hard Dollar Shares.

Key Points:

Paradigm Capital Inc. acted as lead underwriter (the “Lead Underwriter”) in connection with the Offering with a syndicate including Red Cloud Securities Inc. (together with the Lead Underwriter, the “Underwriters”).
The proceeds from the sale of the Hard Dollar Shares will be used for exploration and for general corporate purposes.
All securities issued in connection with the Offering are subject to a statutory hold period in Canada expiring on January 29, 2024.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.

Azimut Announces $8 Million Bought Deal Private Placement Financing

Retrieved on:

Wednesday, September 13, 2023

Cloud, Exercise, FT, AEM, Section 50C of the Isle of Man Income Tax Act 1970, Critical, Hard, Underwriting, Oil Taxation Act 1975, Sale, Offering, Income Tax Act, TSX, Agnico Eagle, Wainwright Securities Inc. v. Wall Street Transcript Corp., Life insurance, Security (finance)

LONGUEUIL, Quebec, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (TSXV: AZM) (OTCQX: AZMTF) (“Azimut” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters, including Red Cloud Securities Inc. (collectively, the “Underwriters”), in connection with a bought deal private placement financing (the “Offering”) for total proceeds of $8,000,000, consisting of 2,442,100 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “Premium FT Shares”) at a price of $2.0475 per Premium FT Share, 550,600 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $1.8165 per FT Share, and 1,904,800 common shares of the Company (the “Hard Dollar Shares”) at a price of $1.05 per Hard Dollar Share (the “Hard Dollar Issue Price”).

Key Points:

The term “Offering” includes the additional Hard Dollar Shares that may be issued on the exercise of the Underwriters’ Option, if any.
The proceeds from the sale of the Hard Dollar Shares will be used for exploration and for general corporate purposes.
Closing is expected to occur on or about September 28, 2023, or other such dates as the Company and the Underwriters may agree (the “Closing Date”).
The securities have not been, and will not be, registered under the Unites States Securities Act of 1933, as amended (the “U.S.

Lomiko announces an update on the closing of the Flow-Through unit offering

Retrieved on:

Monday, July 24, 2023

Natural Resources, Manufacturing, Mining, Minerals, Steel, Lithium, TSX Venture Exchange, Section 50C of the Isle of Man Income Tax Act 1970, LMR, Oil Taxation Act 1975, Sale, National instrument, Income Tax Act, TSX, DRS, Regulation, Security (finance), Life insurance

Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce that it will apply to the TSX Venture Exchange to close its previously announced flow-through unit offering pursuant to which the Company will issue 17,700,000 flow-through units (the “FT Units“) at a price of $0.03 per FT Unit for a total of $531,000.

Key Points:

Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce that it will apply to the TSX Venture Exchange to close its previously announced flow-through unit offering pursuant to which the Company will issue 17,700,000 flow-through units (the “FT Units“) at a price of $0.03 per FT Unit for a total of $531,000.
The FT Units will be subject to a four-month “hold period” commencing on the closing date pursuant to National Instrument 45-102 – Resale of Securities and Regulation 45-102 respecting Resale of Securities (Québec) and the certificates or DRS advice representing such securities will bear a legend to that effect.
The Offering remains subject to the final approval of the TSX Venture Exchange.
On closing and subject to TSX Venture Exchange approval, the Company anticipates paying finders' fees totalling $26,550 and 885,000 warrants exercisable for two years at $0.06.

Lomiko Announces an Update to the Closing of the First Tranche of the Hard Dollar Private Placement, Grant Proceeds and the Flow-Through Unit Offering

Retrieved on:

Friday, July 14, 2023

Each unit consists of one (1) common share and one common share purchase warrant (each a "Hard Warrant").

Key Points:

Each unit consists of one (1) common share and one common share purchase warrant (each a "Hard Warrant").
Each Hard Warrant entitles the holder to acquire one (1) common share at a price of $0.05 for a period of 60 months.
Lomiko will provide further detail on this grant in the coming weeks.
All the securities issued under the Offering are subject to resale restrictions under applicable securities legislation.