
Asante Announces Receipt of Net Proceeds From C$237M Equity Offering, Completion of Kinross Restructuring
In connection with the satisfaction of the escrow release conditions, the proceeds of the Offering and accrued interest thereon, net of the commission and expenses payable to the underwriters of the Offering, have been released to the Company by the subscription receipt agent and each Subscription Receipt automatically converted into one common share of the Company (each, a 'Common Share').

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Toronto Star
5 minutes ago
- Toronto Star
Canadian General Investments, Limited Files 2025 Interim Report
TORONTO, Canada, Aug. 15, 2025 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (TSX:CGI) (LSE: CGI) (the Company), announces that it has submitted its 2025 Interim Report, which includes the Management Report of Fund Performance and unaudited Financial Statements, to applicable Canadian securities regulators and to the National Storage Mechanism (


Cision Canada
5 minutes ago
- Cision Canada
CANTEX ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT; RAISES $5.28 MILLION
KELOWNA, BC, Aug. 15, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to announce that it closed the previously announced non-brokered private placement (the "Offering") on August 14, 2025. The Offering consisted of 21,333,332 charity flow through units (" CFT Units") at $0.21 per CFT Unit and 5,731,372 hard units (" Units") at $0.14 per Unit for total gross proceeds of $5,282,391.80. Each CFT Unit is comprised of one flow through share and one non-flow through warrant. Each Unit is comprised of one common share and one non-flow through warrant. Each whole warrant issued in connection with the Offering entitles the holder to acquire one common share at a price of $0.21 for a term of three years. As previously announced, both Crescat Capital and Rob McEwen (founder of Goldcorp and McEwen Mining) are increasing their investment in Cantex through this placement. The Company paid $151,969 in finders fees and issued 1,067,996 non-transferable finder's warrants (the "Finder's Warrants") to certain finders on this closing for their assistance in identifying back-end purchasers for the charity flow through offering and for identifying purchasers of Units. Of this, $36,652 was paid in cash, with the remaining $115,317 in fees settled with the issuance of 823,696 Units priced at $0.14/Unit. Each Finder's Warrant entitles the holder to purchase one common share (a " Finder Share") at an exercise price of $0.21 per Finder Share for a period of three years from the date of issuance of the Finder's Warrant. The Company will be using the proceeds of the placement on its summer drill program at North Rackla which has now commenced. The Company is focused on expanding the mineralization at its zinc-lead-silver-germanium Massive Sulphide project and also testing new targets at the Copper project where previous drilling has intersected up to 7.32% copper (see news release of April 13, 2023). The securities issued in this closing of the Offering are subject to a four-month hold period, expiring on December 15, 2025. About Cantex Cantex is focused on its 100% owned 20,000 hectare North Rackla Project located 150 kilometers northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 86,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.65 kilometers of strike length and at least 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Charles Fipke, C.M., the founder of Ekati, Canada's first diamond mine. The technical information and results reported here have been approved by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Mr. Ulansky is the Company's President and CEO. Signed, Chad Ulansky Chad Ulansky President and CEO Neither 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. SOURCE Cantex Mine Development Corp.


Toronto Star
2 hours ago
- Toronto Star
African Rainbow Minerals Limited to Acquire Shares of Surge Copper Corp.
TORONTO, Aug. 15, 2025 (GLOBE NEWSWIRE) — African Rainbow Minerals Limited (JSE: ARI) (A2X: ARI) ('ARM') announces that it has signed a subscription agreement agreeing to purchase 25,781,715 common shares ('Common Shares') of Surge Copper Corp. ('Surge') at a price of C$0.175 per Common Share for total consideration of approximately C$4,511,800.13 (the 'Subscription Agreement') pursuant to a non-brokered private placement (the 'Private Placement'). On July 18, 2024, pursuant to an investor rights agreement between ARM and Surge dated May 31, 2024, ARM exercised in full its rights in connection with a non-brokered private placement completed by Surge on June 21, 2024, and purchased a total of 1,582,353 Common Shares at a price of C$0.15 per common share for a total purchase price of approximately C$237,352.95 (the 'Top-up Offering'). Prior to entering into the Subscription Agreement, ARM held 42,955,767 Common Shares, representing approximately 13.44% of the issued and outstanding Common Shares on a non-diluted basis (taking into account the number of Common Shares issued in connection with the private placement completed by Surge on July 29, 2025).