Latest news with #Electrum
Yahoo
7 days ago
- Business
- Yahoo
Goldstorm Metals Announces $1.0 Million Private Placement Financing with Participation by Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to announce a non-brokered private placement offering of units of the Company (each, a "Unit") at a price of $0.07 per Unit for aggregate gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.10 for a period of 24 months from the closing date of the Offering, provided that if the closing price of the Common Shares on any Canadian stock exchange on which the Common Shares are then listed is at a price equal to or greater than $0.20 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants. The net proceeds received from the Offering will be used for exploration activities, working capital and general corporate purposes. In connection with the Offering, the Company may pay certain finders a fee comprised of cash, finder's warrants, or both, based on the proceeds raised from the sale of securities to purchasers introduced to the Company by such finders. All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSXV. About Goldstorm Metals Goldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm's flagship projects Crown and Electrum cover an area that totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation's Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approximately 20 kilometers to the north, and the past producing Silbak Premier mine, 20 kilometers to the south. ON BEHALF OF THE BOARD OF DIRECTORS OF GOLDSTORM METALS CORP. "Ken Konkin" Ken KonkinPresident and Chief Executive Officer For further information, please visit the Company's website at contact: Chris CurranVP of Investor Relations and Corporate DevelopmentPhone: (604) 559 8092E-Mail: 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. Cautionary Statement Regarding Forward Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements including, without limitation, statements relating to the ability to complete the Offering on the proposed terms or at all, anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering as well as any other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will be able to complete the Offering on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, and that the Company will receive regulatory approval with respect to the Offering. Important factors that could cause actual results to differ materially from the Company's plans or expectations including that Company will not be able to complete the Offering on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. There can be no assurance that the 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that is incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
ELECTRUM STRATEGIC OPPORTUNITIES FUND L.P. ACQUIRES UNITS OF NICKEL CREEK PLATINUM CORP.
This press release is issued pursuant to Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. NEW YORK, May 15, 2025 /CNW/ - Pursuant to a private placement of Nickel Creek Platinum Corp. (the " issuer") which closed on May 14, 2025, Electrum Strategic Opportunities Fund L.P. (" Electrum") subscribed for and purchased 584,000 units (" Units") of the issuer at an aggregate subscription price of CAD$350,400 or CAD$0.60 per Unit in connection with the issuer's private placement (the " Private Placement"). Each Unit is comprised of one common share in the capital of the issuer (the " Common Shares") and one common share purchase warrant (" Warrant"). Upon completion of the Private Placement, Electrum and "joint actors" (as such term is defined in National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues) of Electrum own 3,096,826 Common Shares and 1,051,257 Warrants which represent approximately 49.85% of the issued and outstanding Common Shares or approximately 57.11% upon exercise of the Warrants (assuming the exercise of all of the Warrants beneficially owned by Electrum, and that no other securities, including those convertible into, exercisable for, the issuer's securities, are issued, converted or exercised prior to the exercise of the Warrants. As at the date of the filing of Electrum's last Form 62-103F1 relating to its securityholdings of the issuer (the " Last Filing"), being September 27, 2024, the Offeror owned 2,512,826 Common Shares and 607,505 Warrants, representing approximately 44.83% of the issued and outstanding Common Shares or approximately 50.22% upon exercise of the Warrants (assuming the exercise of all of the Warrants beneficially owned by Electrum, and that no other securities, including those convertible into, exercisable for, the issuer's securities, are issued, converted or exercised prior to the exercise of the Warrants). The securities of the issuer noted above referred to above were acquired for investment purposes and Electrum and/or one or more of its affiliates may, depending on market and other conditions, increase or decrease its beneficial ownership of Common Shares or other securities of the issuer whether in the open market, by privately negotiated agreement or otherwise. Electrum is an "accredited investor" (as such term is defined in National Instrument 45-106 – Prospectus Exemptions adopted by the Canadian Securities Administrators (" NI 45-106")). The issuer is located at 2896 South Sheridan Way, Suite 202, Oakville, ON L6J 7T4. Electrum is located at 600 Fifth Avenue, 24th Floor, New York, NYMichael Williams (646-365-1600) or on the SEDAR+ profile of the issuer at
Yahoo
14-05-2025
- Business
- Yahoo
NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/ OAKVILLE, ON, May 14, 2025 /CNW/ - Nickel Creek Platinum Corp. (TSXV: NCP) ("Nickel Creek" or the "Company") has closed its previously announced non-brokered private placement (the "Private Placement") pursuant to which the Company issued a total of 584,000 units (the "Units") of the Company to Electrum Strategic Opportunities Fund L.P. ("Electrum") at a price of $0.60 per Unit for gross proceeds of approximately $350,000. Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant exercisable into one additional Common Share (each, a 'Warrant Share") at an exercise price of $0.60 for a period of three (3) years from the date of closing. The net proceeds from the Private Placement will be used for general corporate purposes. All Common Shares issued, and Warrant Shares made issuable, under the Private Placement are subject to a statutory hold period of four months and one day from the date of closing. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the Private Placement constituted a "related party transaction" as Electrum is a related party of the Company, given it holds greater than 10% of the outstanding Common Shares. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by Electrum did not exceed 25% of the fair market value of the Company's market capitalization, as calculated in accordance with MI 61-101. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available. About Nickel Creek Platinum Corp. Nickel Creek Platinum Corp. (TSXV: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which offers year-round access to deep-sea shipping ports in southern Alaska. The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements relating to the Private Placement and general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. SOURCE Nickel Creek Platinum Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
12-05-2025
- Business
- Cision Canada
Electrum Subscribes for NOVAGOLD Shares and Updates Early Warning Report
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. NEW YORK, May 12, 2025 /CNW/ - In connection with the previously announced public offering and concurrent private placement by NovaGold Resources Inc. ("NOVAGOLD"), which closed on May 9, 2025, Electrum Strategic Resources L.P. ("Electrum") acquired 13,333,334 common shares in the capital of NOVAGOLD on a private placement basis at a purchase price per share of US$3.75 for gross proceeds of US$50,000,002.50. Immediately prior to giving effect to the public offering and concurrent private placement (including Electrum's subscription), Electrum and its joint actors (namely, GRAT Holdings LLC, Leopard Holdings LLC, The Electrum Group LLC, TEG Global GP Ltd., and Thomas S. Kaplan) (the "Electrum Reporting Persons") beneficially owned or exercised control or direction over an aggregate of 91,565,396 NOVAGOLD common shares representing 26.82% of NOVAGOLD's outstanding common shares (partially diluted). Immediately after giving effect to the public offering and concurrent private placement (including Electrum's subscription), the Electrum Reporting Persons beneficially owned or exercised control or direction over an aggregate of 104,898,730 NOVAGOLD common shares representing 25.81% of NOVAGOLD's outstanding common shares (partially diluted). Electrum holds the foregoing NOVAGOLD common shares and warrants for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership of NOVAGOLD securities whether in the open market, by privately negotiated agreement or otherwise. Electrum is a Delaware limited partnership whose principal business is to invest in securities and other assets, directly and indirectly. Its head office is located at 600 Fifth Ave., 24th Floor New York, NY 10020, USA. All amounts are in U.S. dollars unless otherwise stated. The foregoing disclosure regarding Electrum's holdings is being disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. An early warning report updating information disclosed in a previous report is being filed by Electrum under NOVAGOLD's SEDAR+ profile at and a copy of this early warning report may also be obtained by contacting Electrum.
