Latest news with #LIFEOffering
Toronto Star
a day ago
- Business
- Toronto Star
Atico Mining Announces Closing of the Fully Subscribed $3.2M LIFE Offering, Raising $6.5M Combined with the Rights Offering
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — Atico Mining Corporation (the 'Company' or 'Atico') (TSX.V: ATY | OTC: ATCMF) is pleased to announce the closing of its offering under the listed issuer financing exemption (the 'LIFE Offering'), previously disclosed in the Company's press releases dated June 9, 2025, June 13, 2025 and July 22, 2025. Under the LIFE Offering, Atico sold 29,090,910 units of the Company (the 'LIFE Units'), at a subscription price of $0.11 per LIFE Unit, for gross proceeds of $3,200,000. Under the LIFE Offering and the Company's rights offering that closed on July 22, 2025 (the 'Rights Offering', and together with the LIFE Offering, the 'Offerings'), the Company raised aggregate gross proceeds of $6,487,572.42.
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
Atico Mining Announces Closing of the Fully Subscribed $3.2M LIFE Offering, Raising $6.5M Combined with the Rights Offering
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — Atico Mining Corporation (the 'Company' or 'Atico') (TSX.V: ATY | OTC: ATCMF) is pleased to announce the closing of its offering under the listed issuer financing exemption (the 'LIFE Offering'), previously disclosed in the Company's press releases dated June 9, 2025, June 13, 2025 and July 22, 2025. Under the LIFE Offering, Atico sold 29,090,910 units of the Company (the 'LIFE Units'), at a subscription price of $0.11 per LIFE Unit, for gross proceeds of $3,200,000. Under the LIFE Offering and the Company's rights offering that closed on July 22, 2025 (the 'Rights Offering', and together with the LIFE Offering, the 'Offerings'), the Company raised aggregate gross proceeds of $6,487,572.42. 'We are thrilled with the successful completion of our Rights and LIFE Offerings, which have significantly strengthened our financial foundation. This achievement positions us to advance our strategic goals at both El Roble mine and the La Plata project.' said Fernando E. Ganoza, CEO. 'I extend my gratitude to our loyal shareholders, new investors, and company insiders for their substantial support and trust in our vision. Together, we are poised to steer back the company toward becoming a top mid-tier producer.' Each LIFE Unit consisted of one common share of the Company (a 'Common Share') and one transferable Common Share purchase warrant (a 'LIFE Warrant'), with each LIFE Warrant exercisable into one Common Share (a 'LIFE Warrant Share') at a price of $0.18 per LIFE Warrant Share for a period of two years from the issue date. In connection with the LIFE Offering, PowerOne Capital Markets Limited (the 'Finder') acted as finder in connection with a portion of the LIFE Offering. The Company paid a cash finder's fee of approximately $62,820 and issued 571,091 non-transferable Common Share purchase warrants (the 'Finder Warrants') to the Finder, an arm's length party to the Company. Each Finder Warrant is exercisable for one Common Share at an exercise price of $0.18 for a period of two years following the closing date of the LIFE Offering. The LIFE Units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions . Certain LIFE Units were also issued in the United States pursuant to exemptions from the registration requirements in Regulation D of the U.S. Securities Act of 1933, as amended. The Company intends to use the net proceeds from the Offerings to pay for development of the Company's La Plata project in Ecuador (the 'La Plata Project'), additional drilling at the Company's El Roble mine in Colombia (the 'El Roble Mine'), and for general corporate purposes. Following closing of the LIFE Offering, the Company has a total of 180,264,117 Common Shares outstanding. Certain officers of the Company, considered 'related parties' under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction ('MI 61-101'), acquired an aggregate of 590,001 LIFE Units under the LIFE Offering. Accordingly, the LIFE Offering constituted a related party transaction under MI 61-101. The LIFE Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed or quoted on any of the stock exchanges or markets listed in subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed and the consideration received for the securities under the LIFE Offering does not exceed 25% of the Company's market capitalization. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or under any state securities laws in the United States, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements. About Atico Mining Corporation Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit . ON BEHALF OF THE BOARD Fernando E. Ganoza CEO Atico Mining Corporation Trading symbols: TSX.V: ATY | OTCQX: ATCMF Investor Relations Igor Dutina Tel: +1.604.729.5765 Neither the TSX Venture Exchange (the 'TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as 'forward-looking statements'). These statements relate to future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'anticipates', 'believes', 'estimates', 'expects', 'confirm' and similar expressions, or the negatives of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'should', 'might', or 'will' be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date hereof or as of the date specified in such statement. Specifically, this news release includes, but is not limited to, forward-looking statements regarding the use of proceeds from the Offerings. Inherent in forward-looking statements are risks, uncertainties and other factors beyond Atico's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, risks associated with the Company's outstanding debt, including amounts due and payable to each of Trafigura PTE. Ltd. and Dundee Corporation ('Dundee') on or before July 25, 2025 and December 30, 2025, respectively, or the ability to successfully negotiate to amend or extend the terms of the convertible debenture with Dundee; the availability and cost of funds; discretion in the Company's use of available funds from the Offerings; risks relating to negative operating cash flows of the Company; dilution of the shareholdings of shareholders who did not exercise all of their rights under the Rights Offering ('Rights'); irrevocability of the exercise of Rights by a shareholder; the possibility that the subscription price is not indicative of the Company's value; if a shareholder fails to follow the subscription procedure and abide by the subscription deadline their subscription may be rejected; mining operations; market fluctuations in commodity prices; title risks and surface rights and access; changes in legislation; political instability; government or regulatory approvals; non-compliance with laws and regulations and compliance costs; environmental compliance; climate change; uninsured and uninsurable risks; water disposal, tailings and reclamation obligations; financing risks; risks associated with outstanding debt; global economic conditions; availability and costs of supplies; community relations; mineral reserve and mineral resource estimates; future production rates; labour relations; currency fluctuations; the Company may engage in hedging activities; infrastructure; exploration and development capital expenditures; social media and reputation; negative publicity; human rights; business objectives; concentrate sales risks; shortage of personnel; health and safety; pandemics, epidemics or infectious disease outbreak; physical security; conflicts of interest; claims and legal proceedings; information systems and cyber security; internal controls; violation of anti-bribery or corruption laws; competition; tax considerations; compliance with listing standards; enforcement of civil liabilities; financing requirement risks; market price volatility of Common Shares; and other risks and uncertainties related to the Company's business and the Offerings, including those described in the Company's public disclosure documents on SEDAR+ at . Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. Actual results and developments are likely to differ and may differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including but not limited to, (1) the Company's ability to generate positive cash flows from ongoing operations at the El Roble Mine, including the ability to sell its mineral concentrates in inventory; (2) that all required third party contractual, regulatory and governmental approvals will be obtained for the development, construction and production of the Company's properties, (3) there being no significant disruptions affecting operations, whether due to labor disruptions, supply disruptions, power disruptions, damage to equipment, non-renewal of title to the Company's claims or otherwise, (4) permitting, development, expansion and power supply proceeding on a basis consistent with the Company's current expectations, (5) currency exchange rates being approximately consistent with current levels, (6) certain price assumptions for copper, gold, zinc and silver, (7) prices for and availability of fuel oil, electricity, parts and equipment and other key supplies remaining consistent with current levels, (8) production forecasts meeting expectations, (9) the accuracy of the Company's current mineral resource and reserve estimates, (10) labor and materials costs increasing on a basis consistent with the Company's current expectations, (11) matters related to the ongoing dispute with the National Mining Agency in Colombia, and (12) general marketing, political, business and economic conditions. Forward-looking statements may be affected by known and unknown risks, uncertainties and other factors including without limitation, those referred to in the Offering Documents that may cause Atico's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law. If Atico does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.
Cision Canada
a day ago
- Business
- Cision Canada
BOARDWALKTECH REPORTS FOURTH QUARTER AND ANNUAL FISCAL 2025 FINANCIAL RESULTS
CUPERTINO, Calif., July 28, 2025 /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF) - Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to report its financial results for fiscal year 2025 ended March 31, 2025. All figures are reported in U.S. dollars, unless otherwise indicated. Boardwalktech's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). Financial Highlights: Revenue for Fiscal 2025 totaled $4.8 million compared to $6.0 million for Fiscal 2024. The portion of revenue from new and recurring SaaS licenses earned in Fiscal 2025 decreased by 23% year-over-year due to the impact from two previously disclosed customers that did not renew due to internal reorganizations, partially offset by a 9% increase in professional services revenue. Annual recurring revenue ("ARR"), a non-IFRS metric, at March 31, 2025 was $4.0 million. The Company defines ARR, a non-IFRS metric, as the annual recurring revenue expected based on trailing quarterly revenue from license subscriptions and certain recurring services. Gross margin for Fiscal 2025 was 87.7%, comparable with 89.6% in Fiscal 2024. Adjusted EBITDA for Fiscal 2025 was $(1.8) million, compared to Adjusted EBITDA of $(1.6) million for Fiscal 2024. Non-IFRS net loss for Fiscal 2025 (as defined in the Adjusted EBITDA and Non-IFRS Financial Measures section) was $(2.2) million, $(0.04) per basic and diluted share, versus the $(1.7) million non-IFRS loss for Fiscal 2024, $(0.03) per basic and diluted share. Reported IFRS loss for Fiscal 2025 was $(3.2) million, $(0.06) per basic and diluted share, versus a net loss of $(3.1) million for Fiscal 2024, $(0.06) per basic and diluted share. Adjusted operating expenses for Fiscal 2025 totaled $6.0 million, a $0.9 million decrease from the $6.9 million of adjusted operating expenses reported for Fiscal 2024 which reflect the impact of the Company's realignment and cost efforts announced during the last fiscal year. The ending cash balance as of March 31, 2025 was $0.4 million, plus $0.6 million of trade receivables, for a total of $1.0 million. Outstanding debt as at March 31, 2025 was $2.6 million which was drawn against the previously announced $4 million line of credit from Celtic Bank. Due to requirements under IFRS, this debt was reclassified under current liabilities even though the final debt maturity remains in March of 2027. Subsequent Events Subsequent to March 31, 2025, the Company closed two tranches (on June 13, 2025 and July 24, 2025) of non-brokered placements under a LIFE Offering, raising a gross total, before expenses and fees of $0.55 million (CAD $0.75 million). When combined with the original LIFE Offering closed during Q4 of Fiscal 2025, the Company raised a gross amount of $1.3 million (CAD $1.86 million) to fund working capital, balance sheet, and growth needs. Operations Highlights Exiting Fiscal 2025 On January 16, 2025, the Company announced that a Fortune 500 food and snack manufacturing client had signed a 5-year extension to license and further deploy Boardwalktech's supply chain solution, with the Company projecting the renewal to generate in excess of US$300,000 of license revenue over the term of this extension, not including potential professional services work or usage-based upside revenue. On January 22, 2025, the Company and LTIMindtree (NSE: LTIM) (BSE: 540005), a global technology consulting and digital solutions company, announced they had expanded their partnership including current work at a top 5 U.S. joint banking client to remediate the risk of End User Computing applications (EUCs) through licensed use of the Boardwalk Velocity software product. On February 6, 2025, the Company announced the extension and expansion of its existing engagement with an existing Top 5 US bank customer, achieving a milestone at the end of January 2025 in the delivery of its Velocity product, which increases annual recurring revenue and expands professional services agreements with multiple partners through 2025 that will deliver over $300,000 of incremental revenue to the Company from this engagement, which represents a doubling to comparable levels in the prior year. On March 17, 2025, the Company announced the closing of an initial tranche of a non-brokered private placement of 8,576,573 units of the Company at the price of C$0.13 per Unit for gross proceeds of C$1,114,954 pursuant to the Listed Issuer Financing Exemption of National Instrument 45-106 - Prospectus Exemptions. Concurrently with the completion of the LIFE Offering, the Company also issued 250,000 Units on a non-brokered basis to United States Investors, at US$0.09 (equivalent of C$0.13) with equivalent commercial terms for each warrant per Unit. On May 12, 2025, the Company announced a new strategic partnership with Zideas Consulting, a respected technology advisory firm focused on digital transformation, as well as the appointment of Jay Chakraborty, Principal of Zideas Consulting, to the Company's Advisory Board. On May 14, 2025, the Company announced the appointment of Miles Ravitz to its corporate Advisory Board. Mr. Ravitz is an executive with Promontory Financial Group, a business unit of IBM Consulting, and is expected to act as both an advisor and liaison between the Company and its customer prospects. "Fiscal 2026 is already shaping up to be a pivotal year for Boardwalktech and its investors," said Andrew Duncan, CEO of Boardwalktech Software. "Our recent $1.3 million in financings has strengthened our balance sheet and enabled us to focus more on execution. We've made strong progress with major U.S. banks, deepened relationships with large multinational enterprises, and have positioned the Company for potential geographic expansion overseas. These milestones reflect growing market recognition of the value Boardwalktech delivers, particularly as organizations confront increasingly complex data environments, risk management, and compliance demands ranging from financial markets to supply chain." "Looking ahead, we're preparing to launch a major innovation: the Boardwalktech Grid Security Protocol," continued Mr. Duncan. "Built on our patented Digital Ledger, and a new patent recently issued specifically focused on authentication and security, our Grid security system is focused on Agentic AI and the authentication and secure movement of information between the enterprise and AI Bots and AI to AI communication. It is also designed to secure the way AI agents and enterprise bots authenticate and interact, a foundational piece of the future of AI, B2B automation and digital commerce. It brings the same immutability and auditability that define and differentiate our core platform, and addresses a massive pain point in authentication, password management, session management and token-level security without creating new silos or complexity. Entities such as Citibank or Comcast can experience 38-40% of its customer service calls just on the resetting of passwords (resulting in billions of dollars in support costs). In simplest terms, the Boardwalktech Grid Security Protocol eliminates passwords using our time-stamp cuboid/digital ledger technology within the Grid and can reduce or even eliminate such inefficiencies and massive costs by removing the hassle and problems of managing and maintaining passwords while actually improving overall security. We look forward to sharing more details and commercial developments in the coming months." About Boardwalktech Software Corp. Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other 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 information and statements. An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated July 28, 2025. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Stack Capital Group Inc. Announces Upsize to Its Previously Announced Best Efforts Private Placement Now Combined With the Non-Brokered Private Placement for Gross Proceeds of Up to $35,000,000
NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (the 'Company') (TSX:STCK & TSX: is pleased to announce that, as a result of strong investor demand, the Company has doubled the size of its previously announced 'best efforts' private placement to up to 1,454,545 units of the Company (the 'Units') and up to $20,000,000 in gross proceeds (the 'LIFE Offering'). After giving effect to the upsize of the LIFE Offering, the Company now expects to raise up to $35,000,000 in total gross proceeds under the combined LIFE Offering and Concurrent Private Placement (as defined herein). Each Unit will be issued at a price of $13.75 per Unit (the 'Offering Price') and will be comprised of one common share (a 'Common Share' and the Common Shares comprising the Units being the 'Unit Shares') and one-quarter of one Common Share purchase warrant of the Company (each whole warrant, a 'Warrant'). Each Warrant shall be exercisable by the holder thereof to acquire one Common Share (a 'Warrant Share') for a period of 24 months following the Closing Date (as hereinafter defined) at an exercise price of $17.00 per Warrant Share, subject to adjustment in certain events. In connection with the upsize of the LIFE Offering, the Company has entered into an amended agreement with Canaccord Genuity Corp., Raymond James Ltd., RBC Capital Markets and TD Securities Inc., to act as co-lead agents and joint bookrunners (collectively, the 'Joint Bookrunners'), for and on behalf of a syndicate of agents (together with the Joint Bookrunners, the 'Agents'). As previously announced, the Company also intends to complete a concurrent non-brokered private placement of up to 1,090,909 Units at the Offering Price to certain investors that have been identified to the Joint Bookrunners, for gross proceeds of up to $15,000,000, or such higher number as determined by the Company in its discretion (the 'Concurrent Private Placement' and, together with the LIFE Offering, the 'Offering'). The terms of the Concurrent Private Placement remain the same and the closing of the LIFE Offering is not conditional upon the closing of the Concurrent Private Placement. In addition, the Company has applied to the Toronto Stock Exchange (the 'TSX') for the listing of the Unit Shares, Warrants and Warrant Shares under the Offering. The LIFE Offering is being made to purchasers resident in all provinces of Canada, except Québec, pursuant to the listed issuer financing exemption from the prospectus requirement available under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (collectively, the 'LIFE Exemption'). Subject to compliance with the terms of the LIFE Exemption, the Unit Shares and Warrants offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. In addition, the Agents may offer the Units for sale on a private placement basis pursuant to available exemptions from the registration or prospectus requirements to investors resident in the United States and certain other jurisdictions outside of Canada and the United States, in each case, as agreed to by the Company and the Joint Bookrunners; provided it is understood that the Company will not be required to register or make any filings (other than reports on sales of securities in the United States and Canada) in such jurisdictions. In connection with the upsize of the LIFE Offering, there is an amended and restated offering document related to this LIFE Offering that can be accessed under the Company's profile at and on the Company's website at . Prospective investors should read this amended and restated offering document before making an investment decision. All Units issued under the Concurrent Private Placement will be issued in accordance with applicable securities laws pursuant to available exemptions from the prospectus requirements. It is anticipated that all Units issued to investors outside of Canada under the Concurrent Private Placement will be issued pursuant to Ontario Securities Commission Rule 72-503 - Distributions Outside Canada and will therefore not be subject to resale restrictions pursuant to applicable Canadian securities laws. The net proceeds of the Offering will be used for investments in accordance with the Company's investment principles and general corporate and working capital purposes. The Offering is expected to close on or about August 8, 2025, or such other date or dates as may be agreed to by the Company and the Joint Bookrunners (each such date, a 'Closing Date') and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX. At the closing of the Offering, the Company will pay to the Agents a cash fee equal to 5.0% of the gross proceeds raised in connection with the Offering. The Company anticipates certain insiders of the Company will participate in the Offering. Any participation in the Offering by insiders constitutes a 'related party transaction' as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ('MI 61-101'). However, the Company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed 25% of the Company's market capitalization as at the date of this news release. No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States of America. The Units, Unit Shares, Warrants and Warrant Shares 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, sold or delivered, directly or indirectly, within the United States, its possessions and other areas subject to its jurisdiction or for the account or for the benefit of U.S. Persons (as defined under applicable securities laws) or persons in the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. About Stack Capital Group Inc. The Company is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses. Through the Company, shareholders have the opportunity to gain exposure to the diversified private investment portfolio; participate in the private market; and have liquidity due to the listing of the Common Shares on the TSX. At the same time, the public structure also allows the Company to focus its efforts on maximizing long-term performance through a portfolio of high growth businesses, which are not widely available to most Canadian investors. SC Partners Ltd. has taken the initiative in creating the Company and acts as the Company's administrator and is responsible to source and advise with respect to all investments for the Company. Forward looking and other cautionary statements Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as 'may', 'should', 'anticipate', 'expect', 'intend' and similar expressions. Forward-looking information contained or referred to in this news release includes, but may not be limited to, the details of the Offering, the completion of the Offering, the receipt of all necessary approvals, including the approval of the TSX, the business of the Company and the proposed use of proceeds of the Company. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. The material assumptions supporting these forward-looking statements include, among others, that the Company will receive the necessary approval for the Offering from the TSX, will satisfy the terms of the LIFE Exemption and any other applicable securities exemptions or safe harbours and will satisfy the commercial closing conditions of the Offering. Additional risk factors that may impact the Company or cause actual results and performance to differ from the forward looking statements contained herein are set forth in the Company's most recent annual information form under the heading 'Risk Factors' (a copy of which can be obtained under the Company's profile on ). Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For more information, please visit our website at or contact: Brian Viveiros VP, Corporate Development, and Investor Relations 647.280.3307 brian@
Toronto Star
5 days ago
- Business
- Toronto Star
Stack Capital Group Inc. Announces Upsize to Its Previously Announced Best Efforts Private Placement Now Combined With the Non-Brokered Private Placement for Gross Proceeds of Up to $35,000,000
NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (the 'Company') (TSX:STCK & TSX: is pleased to announce that, as a result of strong investor demand, the Company has doubled the size of its previously announced 'best efforts' private placement to up to 1,454,545 units of the Company (the 'Units') and up to $20,000,000 in gross proceeds (the 'LIFE Offering'). After giving effect to the upsize of the LIFE Offering, the Company now expects to raise up to $35,000,000 in total gross proceeds under the combined LIFE Offering and Concurrent Private Placement (as defined herein).
