Latest news with #MultilateralInstrument61-101
Cision Canada
2 days ago
- Business
- Cision Canada
APPLIED GRAPHITE ANNOUNCES CLOSING OF FINANCING
VANCOUVER, BC, /CNW/ - Applied Graphite Technologies Corporation (" AGT"), (TSXV: AGT) announces that it has completed the final tranche of a non-brokered private placement offering (the " Offering") of a total of 11,150,001 common shares (" Common Shares") at a price of Cdn$0.06 per share for gross proceeds of approximately Cdn$669,000. Existing insiders of AGT participated in the Offering. Participation by insiders of AGT in the Offering constituted a related-party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The issuance of securities is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the fair market value of the insiders' participation in the Offering, as determined in accordance with MI 61-101, did not exceed 25% of the Company's market capitalization. Finders' fees of 180,000 Common Shares, and $4,320 were paid to Canaccord Genuity Corp., and 15,000 Common Shares were paid to Haywood Securities Inc. 3,611,667 Common Shares issued today are subject to a four-month hold period under applicable securities laws in Canada, which expires on December 13, 2025. The net proceeds of the Offering will be used by AGT for project development and general working capital purposes. 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 United States Securities Act of 1933, as amended, 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 Applied Graphite Technologies Applied Graphite Technologies is developing the Queens Mine Complex in Sri Lanka. The QMC is on private land in the heart of the vein graphite district, with historical workings and vein graphite outcrops. Vein graphite is naturally high grade (+95% carbon content in the ground) and does not require primary processing. Testing of vein graphite in lithium-ion battery anodes has shown very high capacities, performing better than synthetic graphite. Natural vein graphite has a far superior ESG footprint than synthetic and is cheaper without compromising performance. The technical information in this news release has been prepared by Don Baxter, a "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). 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. This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about Applied Graphite Technologies (AGT)'s plans and the completion of any remaining tranches of the Offering and AGT's actual use of proceeds from the Offering. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to AGT, including the assumption that approvals will be obtained. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, the receipt of TSXV final approval of the Offering. AGT cautions the reader that the above list of risk factors is not exhaustive. Except as required under applicable securities legislation, AGT undertakes no obligation to publicly update or revise forward-looking information.
Associated Press
6 days ago
- Business
- Associated Press
Wolfden Closes Final Tranche of Non-Brokered Private Placement of Units
TORONTO, ON / ACCESS Newswire / August 8, 2025 / Wolfden Resources Corporation (TSXV:WLF) ('Wolfden' or the"Company') is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the 'Offering') of units of the Company ('Units'), pursuant to which the company sold an additional 1,250,000 Units at a price of $0.08 per Unit for additional gross proceeds to the Company of $100,000. Under the Offering, the Company sold a total of 25,000,000 Units at a price of $0.08 per Unit for aggregate gross proceeds to the Company of approximately $2 million. Each Unit was comprised of one common share of the Company (a 'Common Share') and one-half of one Common Share purchase warrant of the Company (each whole warrant, a 'Warrant'). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.12 per Common Share for a period of 24 months following closing of the final tranche of the Offering. The majority of the proceeds from the Offering will be used to advance on the Company's Rockland Gold Project in Nevada, working capital and general corporate purposes. The Offering remains subject to the final approval of the TSX Venture Exchange ('TSXV'). No compensation was paid in respect of the final tranche of the Offering. The securities issued pursuant to the final tranche of the Offering are subject to a four-month hold period under applicable Canadian securities laws. Related Party Transaction Two insiders of the Company purchased 2,500,000 Units and 1,875,000 Units under the Offering. Their participation in the Offering is considered to be 'related party transactions' within the meaning of TSXV Policy 5.9 - Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101"). The Company is relying on the exemption from a formal valuation available in section 5.5(a) of MI 61-101 and the exemption from minority approval available in section 5.7(a) of MI 61-101. The Company meets the requirements set out in sections 5.5(a) and 5.7(a) of MI 61-101 because the fair market value of the securities being distributed to insiders, and the aggregate value of the Common Shares to be distributed under the Offering are each less than 25% of the market capitalization of the Company. Rockland Property The closing of the Offering will satisfy the outstanding requirements of the TSXV for the Company to proceed with the earn-in agreement (the 'Earn-In Agreement') with Evergold Corp. ('Evergold') to acquire up to a 75% interest in the Rockland Property further to the Company's news release dated February 25, 2025. As part of the first stage earn-in under the Earn-In Agreement, the Company has paid the first cash payment of US$100,000 and Evergold has issued 275,000 shares of Evergold to the underlying claim owner. The Earn-In Agreement is in good standing and the Company looks forward to commencing the drill program this month. About Wolfden Wolfden is a North American exploration and development company focused on high-margin metallic mineral deposits including precious, base, and critical metals that represent significant development projects with the potential to produce domestic supply of strategic metals. For further information please contact Ron Little, President & CEO, at (807) 624-1136. Cautionary Statement Regarding Forward-Looking Information This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events, including the potential for projects to be domestic sources of ethically produced base and critical metals for the expansion of renewable energy in North America. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, the use of the proceeds of the Offering; the timing and ability of the Company to receive necessary approvals; metal price assumptions, cash flow forecasts, permitting, land transactions, community and other regulatory approvals, and the timing and completion of exploration programs in the USA, Manitoba, New Brunswick and the respective drill results. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties: (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties; (iv) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada at The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law. 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: Wolfden Resources Corp. press release
Toronto Star
6 days ago
- Business
- Toronto Star
MAX Power Closes Financings for $4.45 Million with Eric Sprott as Lead Order
VANCOUVER, British Columbia, Aug. 08, 2025 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) ('MAX Power' or the 'Company') is pleased to announce that in conjunction with the previously announced closings of its non-brokered private placements of units for total gross proceeds of C$2,450,000 (refer to August 1, 2025 news release), with Eric Sprott as the lead order, the Company has now closed its LIFE Offering of units of the Company at a price of C$0.20 per unit for total gross proceeds of C$2,000,000. Pursuant to the closing of the LIFE Offering, involving strategic new investors, the Company issued 10 million units comprising one common share in the capital of the Company (a 'Share') and one Share purchase warrant (a 'Warrant'). Each Warrant entitles the holder to acquire one additional share (a 'Warrant Share') at a price of C$0.25 per Warrant Share from the date that is 61 days after the closing date of the LIFE Offering until the date that is 24 months from the closing date of the LIFE Offering. The Company paid a cash finder's fee of $10,500 and issued 35,000 finder warrants (each, a 'Finder Warrant') to certain finders in connection with the Offering. The Finder Warrants entitle the holder to purchase one additional non-transferable Warrant Share at a price $0.25 per Warrant Share for a period of two years following closing. ARTICLE CONTINUES BELOW Proceeds of the Offering will go toward exploration of MAX Power's Natural Hydrogen properties in Saskatchewan and general working capital purposes. Mr. Mansoor Jan, MAX Power CEO, commented: 'In total we have raised gross proceeds of $4.45 million, our largest financing ever - $2 million was previously announced on August 1, 2025, and is from Eric Sprott, while much of the additional $2.45 million is from other strategic new investors with significant participation as well from management and directors. Our goal is to make MAX Power the world's leading Natural Hydrogen-focused company and our foundation is a powerful team of geoscientists, engineers and market and business leaders leveraging the largest permitted land package for Natural Hydrogen exploration and development in Canada, anchored in the pro-resource province of Saskatchewan.' Mansoor concluded: 'As previously announced, we are extremely pleased to have Eric Sprott as a major new shareholder of MAX Power as we embark on this exciting new phase in the company's young history.' Certain Insiders participated in the LIFE Offering which is considered to be a related party transaction subject to Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company's market capitalization. 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, or for the account or benefit of, 'U.S. persons' (as such term is defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration. MAX Power Corporate Video – Natural Hydrogen Learn more about MAX Power and its opportunity in the Natural Hydrogen space by clicking on the following link: ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW MAX Power Natural Hydrogen Presentation Learn more about MAX Power's advantage in North America's Natural Hydrogen sector by clicking on the following link: About MAX Power MAX Power is an innovative mineral exploration company focused on North America's shift to decarbonization. The Company is a first mover in the rapidly growing Natural Hydrogen sector where it has built a dominant district scale land position with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large volume accumulations of Natural Hydrogen. High priority initial drill target areas have been outlined. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. On behalf of the Board of Directors, Mansoor Jan - CEO MAX Power Mining Corp. info@ For further information, please contact: Chad Levesque Ph: 1-306-981-4753 Email: ChadLevesqueConsulting@ Forward-Looking Statement Cautions This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forward‐looking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the intended use of any proceeds raised under the LIFE Offering. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: market uncertainty, the inability of the Company to utilize the anticipated proceeds of the LIFE Offering as anticipated, the potential for delays in exploration, development, permitting, the possibility that any future development results will not be consistent with the Company's expectations; risks related to commodity price ; the cyclical nature of the industry in which the Company operates; risks related to global financial markets, including the trading price of the Company's shares and the Company's ability to raise capital may also result in additional and unknown risks or liabilities to the Company. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the Company will obtain the required regulatory approvals for the LIFE Offering, including CSE approval; and the Company will use the proceeds of the LIFE Offering as currently anticipated. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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. 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 are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Yahoo
7 days ago
- Business
- Yahoo
Cleantech acquires rights to Bolivian gold-antimony project from Silver Elephant
CleanTech Vanadium Mining has finalised the acquisition of rights to the El Triunfo gold and antimony project in Bolivia from Silver Elephant Mining for C$155,000 ($112,430) in cash. Located near the capital city of La Paz, the project covers an area of approximately 256 hectares (ha). On 8 April 2025, the two companies entered into an agreement allowing CleanTech to take over Silver Elephant's rights to purchase 100% equity interests in Mururata, which owns the mining rights to the Triunfo Project. Oracle Commodity Holding, a major shareholder in CleanTech, is also significantly owned by Silver Elephant, establishing a related-party relationship between the companies under Multilateral Instrument 61-101. The transaction's value does not exceed 25% of CleanTech's market capitalisation, which was approximately C$6.45m as of 5 August 2025, allowing CleanTech to utilise exemptions from formal valuation and minority approval requirements. Silver Elephant's exploration efforts at El Triunfo have yielded positive results, with the initial drilling in 2020 uncovering 49m at 0.42 grams per tonne (g/t) of gold, 35g/t silver, 1.2% zinc and 0.8% lead. The mineralisation at El Triunfo is hosted in meta-sediments dating back to the Silurian and Devonian periods. These meta-sediments have been intruded by plutonic batholiths, which are believed to be related to the mineralising events. This type of mineralisation is not uncommon in Bolivia, with similar occurrences found at Cerro Rico and Porco. The maiden drill programme conducted by Silver Elephant has confirmed the mineralisation's broad continuity, spanning at least 225m in strike and remaining open beyond 100m depth in both east and west directions. The mineralisation is primarily found in altered black shales, featuring hydrothermal sheeted quartz-carbonate vein sets concentrated along regional anticlinal fold structures. "Cleantech acquires rights to Bolivian gold-antimony project from Silver Elephant " was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
Cision Canada
06-08-2025
- Business
- Cision Canada
CANTEX ANNOUNCES CLOSING OF FIRST TRANCHE OF A NON-BROKERED PRIVATE PLACEMENT
KELOWNA, BC, Aug. 6, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the " Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the " Offering"). The first tranche of the Offering consisted of 4,839,999 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 $1,818,791.87. 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. 0974052 B.C. Ltd. (" BC Ltd"), a company over which Dr. Charles Fipke, the Chairman and a control person of the Company exercises control and direction over, subscribed for 3,571,429 Units for a total subscription price of $500,000. The issuance of the Units to BC Ltd. constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (" MI 61-101"). The Company is relying on the exemption from valuation requirements and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for the Insider participation in the Offering, as the value of the Units subscribed for does not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101. In connection with the closing of the first tranche of the Offering, the Company paid an aggregate cash finders' fee of $36,652 and issued an aggregate of 391,692 non-transferable finders' warrants (the " Finder's Warrants") to certain arm's length finders. 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. Proceeds from the Offering will be used to fund qualified critical mineral exploration expenditures on the Company's North Rackla project in the Yukon and for general operations. The Offering remains subject to the acceptance of the TSX Venture Exchange. 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 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 kilometers of strike length and 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 reviewed by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. 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.
