Petro-Victory Energy provides update on the conclusion of drilling the AND-5 well in the 100% owned Andorinha field, onshore, Brasil
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Globe and Mail
an hour ago
- Globe and Mail
Azincourt Energy Corp. Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) ("Azincourt" or the "Company"), is pleased to announce it has closed a first tranche of its non-brokered private placement consisting of 35,329,931 non-flow-through units (the "NFT Units") offered at a price of C$0.015 per NFT Unit and 13,999,997 flow through units (the "FT Units") offered at a price of C$0.015 per FT Unit (the "Offering") for gross proceeds of C$739,948.96. Each NFT Unit is comprised of one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each FT Unit is comprised of one flow-through common share (a "FT Share") and one common share purchase Warrant. Each Warrant is exercisable at a price of C$0.05 into one common share until July 15, 2028. The proceeds of the Offering will be applied to the drilling, exploration and development of the Company's Snegamook and Harrier Projects located within the Central Mineral Belt of Newfoundland and Labrador, Canada and for general working capital. Proceeds of the Offering will not be used for payments to non-arms length parties of the Company nor for any payment relating to persons conducting investor relations activities. In connection with the closing, the Company paid cash finders' fees totaling C$44,895 and issued 2,993,000 Finders Warrants exercisable at a price of C$0.05 into one common share for three years from the date of issue. The securities issued under the Offering are subject to a hold period under applicable securities laws in Canada expiring four months and one day from July 15, 2025 and are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange. The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) "Canadian exploration expenses" (as defined in the Tax Act), and (ii) as "flow-through critical mineral mining expenditures" (as defined in subsection 127(9) of the Tax Act) (collectively, the "Qualifying Expenditures"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025. 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. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Azincourt Energy Corp. Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its East Preston uranium project located in the Athabasca Basin, Saskatchewan, and at its Snegamook and Harrier uranium projects, both located in the Central Mining Belt of Labrador. ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP. "Alex Klenman" Alex Klenman, President & CEO For further information, please contact: Alex Klenman, President & CEO info@ Azincourt Energy Corp. 1012 - 1030 West Georgia Street Vancouver, BC V6E 2Y3 Cautionary Statement Regarding Forward-Looking Statements This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements relating to the use of proceeds and completion of the Private Placement. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended September 30, 2024, dated January 14, 2025, and also include the risks that the Offering does not complete as contemplated, or at all; that the Company does not complete any further offerings; that the Company does not carry out exploration activities in respect of its mineral project as planned (or at all); and that the Company may not be able to carry out its business plans as expected. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of minerals; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Globe and Mail
2 hours ago
- Globe and Mail
Green Impact Partners Provides Update on Its Water and Recycling Sales Process and Announces Amendment to Its Corporate Credit Facility
Calgary, Alberta--(Newsfile Corp. - July 15, 2025) - Green Impact Partners Inc. (TSXV: GIP) ("GIP" or the "Company") announced today the purchaser of the Company's water, waste treatment, and recycling assets has requested an extension to the previously announced closing date of on or before July 16, 2025. GIP is currently considering the terms and conditions to grant a further extension and will provide a further update in due course. As a result of the extension request, GIP has executed an amendment to its corporate credit facility (the "Facility") to provide a waiver of certain events of default under the Facility until July 31, 2025, subject to meeting certain covenants and conditions. About Green Impact Partners Inc. Green Impact Partners Inc. is forging a path towards a sustainable future by turning waste into energy. With a focus on renewable natural gas (RNG) and bioenergy projects, our mission is to acquire, develop, construct, and operate facilities that not only produce energy but also play an important role in waste reduction and lowering emissions. Our comprehensive approach spans the entire project life cycle, from idea generation through construction to ongoing operations. In addition to our RNG and bioenergy projects, GIP maintains a current portfolio of water and solids treatment and recycling facilities in Canada, alongside a solids recycling business in the United States. Traded on the TSX Venture Exchange under the symbol 'GIP', the Company invites you to join us in our journey. For more information about the Company, please visit Cautionary Statements This news release contains forward-looking statements and/or forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. When used in this release, such words as "would", "will", "anticipates", believes", "estimates", "explores" "expects" and similar expressions, as they relate to GIP, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of GIP with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause GIP's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. Certain information and statements contained in this news release constitute forward-looking statements, which reflects the Company's current expectations regarding future events, including but not limited: the anticipated closing of the sale of the Company's water, waste treatment, and recycling facilities; securing regulatory and exchange approvals; anticipated cash to the Company at closing. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the high degree of uncertainties inherent to feasibility and economic studies which are based to a significant extent on various assumptions; variations in commodity prices and exchange rate fluctuations; variations in cost of supplies and labour; lack of availability of qualified personnel; receipt of necessary approvals; availability of financing for project development; uncertainties and risks with respect to developing RNG projects; general business, economic, competitive, political and social uncertainties; assurance that the final terms will align with those initially agreed upon or that the transaction will proceed as anticipated; timeline of construction and ultimate completion of the Future Energy Park project; change in demand for clean energy to be offered by the Company; obtaining required approvals of regulatory authorities; general liquidity of the Company; ability to make obligations to its lenders; ability to access sufficient capital from internal and external sources; closing of the transaction referenced herein. For a more fulsome list of risk factors please see the Company's December 31, 2024, year-end Management Discussion and Analysis ("MD&A"), available of SEDAR+ at Management of the Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release to provide shareholders with a more complete perspective on the Company's current and future operations and such information may not be appropriate for other purposes. The Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
3 hours ago
- Cision Canada
COPPER GIANT ANNOUNCES UPSIZE OF PUBLIC OFFERING OF UNITS FOR GROSS PROCEEDS OF UP TO C$7.5 MILLION
VANCOUVER, BC, /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" public offering (the " Marketed Offering") from aggregate gross proceeds of up to C$5,000,000 to aggregate gross proceeds of up to C$7,500,000. The upsize Marketed Offering is comprised of the sale of up to 37,500,000 units of the Company (each, a " Unit") at a price of C$0.20 per Unit (the " Offering Price"). Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant (each, a " Warrant"). Each Warrant shall entitle the holder to purchase one common share in the capital of the Company at a price of C$0.28 at any time on or before that date which is 24 months after the Closing Date (as herein defined). Red Cloud Securities Inc. (" Red Cloud") is acting as lead agent and sole bookrunner with Research Capital Corporation as co-agent (collectively, the " Agents") in connection with the Offering. The Company has granted to the Agents an option (the " Over-Allotment Option", and together with the Marketed Offering, the " Offering"), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to sell the number of additional Units equal to up to 15% of the number of Units sold pursuant to the Marketed Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes. The net proceeds from the Offering will be used by the Company for the exploration and advancement of the Company's Mocoa copper-molybdenum project in southern Colombia as well as for working capital and general corporate purposes. In connection with the Offering, the Company intends to file an amended and restated prospectus supplement (the "Supplement"), amending and restating the prospectus supplement of the Company dated July 10, 2025, to the Company's short form base shelf prospectus dated November 29, 2024 (the " Shelf Prospectus"), with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec). The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction. Copies of the Shelf Prospectus and the Supplement to be filed in connection with the Offering, can be found on SEDAR+ at The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Supplement, the Shelf Prospectus and the other documents the Company has filed on SEDAR+ at before making an investment decision. The Offering is expected to close on or about July 18, 2025 (the " Closing Date"), or on such date as agreed upon between the Company and Red Cloud. The closing of the Offering is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the " Exchange") to list, on the Closing Date, the common shares of the Company issuable from the sale of Units as well as upon the exercise of the Warrants and compensation warrants thereon. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. About Copper Giant Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition—responsibly, efficiently, and with long-term positive impact. The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction. Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity—and the catalyst for the Company's name and evolution. Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including statements relating to the expected size of the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing the Offering, and the expected use of proceeds from the Offering. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include general economic and capital markets conditions, stock market volatility, the ability of the Company to apply the use of proceeds from the Offering as anticipated, those risks set out in the Company's public documents filed on the ability of the Company to obtain necessary consents for the Offering, including the approval of the Exchange, and the ability of the Company to complete the Offering on the terms expected or at all. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE COPPER GIANT RESOURCES CORP.
