Latest news with #Prospector
Yahoo
15-05-2025
- Business
- Yahoo
Prospector Announces First Tranche Closing of its Non-Brokered Private Placement to Fund Drilling on the ML Project, Yukon
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement (see news releases dated April 17 and April 28, 2025) raising total gross proceeds to the Company of C$5,270,349.76. "We are looking forward to mobilizing our drill program in the coming weeks on our flagship ML Project," stated Prospector CEO, Rob Carpenter. "We appreciate the ongoing support from all our investors, including B2Gold Corp. Our plan is on schedule and we will be deploying our crews soon." The second tranche of the private placement will consist of an additional 4,227,272 NFT Units (as defined below) being purchased by B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) ("B2Gold") for additional gross proceeds of C$465,000. Pursuant to an investment agreement with B2 Gold, B2 Gold is electing to purchase the units to maintain its investment rights of 9.9%. Under the closing of the first tranche, Prospector issued 25,974,026 Charity Flow-Through Units (the "Charity FT Units") at a price of $0.154 per Charity FT Unit, 1,000,000 Flow Through Units at a price of $0.154 per FT Unit (the "FT Units) and 10,148,631 Non-Flow-Through Units (the "NFT Units") at a price of $0.11 per NFT Unit (the "Offering"). The total gross proceeds to be raised under the Offering is now C$5,735,349.76 with the issuance of the additional 4,227,272 NFT Units to B2 Gold. Each Charity FT Unit and FT Unit is comprised of one flow-through common share (a "FT Share") and one half of one non-flow-through common share purchase warrant and each NFT Unit is comprised of one common share and one half of one non-flow-through common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable at a price of $0.30 into one common share for a period of two years from the date of issuance. Prospector intends to use the proceeds of the Offering to fund its exploration program at its ML Project in the Yukon which includes up to 5,000 meters of diamond drilling focused on 5 target areas as reported in the Company's news release dated April 9, 2025. In connection with the closing, the Company paid cash finders' fees totaling $171,452.57 and issued 1,558,654 finders' warrants priced at $0.30. Each finders' warrant is exercisable for 2 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 May 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. A director and an officer of the Company participated in the Offering for an aggregate amount of C$264,000 for 2,000,000 units. The transaction with the insiders constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions under section 5.5(a) and section 5.7(1)(a) from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the Units issued to the related party and the consideration paid by the related party under the Offering does not exceed 25% of Company's market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, as the details of the participation by related party of the Company were not settled until shortly prior to closing of the Offering. The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Prospector Metals Corp. Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Tier-1 mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties. On behalf of the Board of Directors,Prospector Metals Corp. Dr. Rob Carpenter, Ph.D., & CEO For further information about Prospector Metals Corp. or this news release, please visit our website at or contact Prospector at 1-778-819-5520 or by email at info@ Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the Offering and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances necessary to carry out the Company's exploration plans and risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at for a more complete discussion of such risk factors and their potential effects. 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. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
Yahoo
28-04-2025
- Business
- Yahoo
Prospector Announces Update to Non-Brokered Private Placement to Fund Drilling on the ML Project, Yukon
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to announce that, as a result of demand, it has increased the size of its previously announced non-brokered private placement (see news release dated April 17, 2025). Prospector now plans to raise gross proceeds of up to C$5,500,000 through the issuance of 25,974,025 Charity Flow-Through Units (the "Charity FT Units") at a price of $0.154 per Charity FT Unit, 1,000,000 Flow Through Units at a price of $0.154 per FT Unit (the "FT Units) and 12,272,727 Non-Flow-Through Units (the "NFT Units") at a price of $0.11 per NFT Unit (the "Offering"). Each Charity FT Unit and FT Unit will be comprised of one flow-through common share (a "FT Share") and one half of one non-flow-through common share purchase warrant and each NFT Unit will be comprised of one common share and one half of one non-flow-through common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable at a price of $0.30 into one common share for a period of two years from the date of issuance. Prospector intends to use the proceeds of the Offering to fund its exploration program at its ML Project in the Yukon which includes up to 5,000 meters of diamond drilling focused on 5 target areas as reported in the Company's news release dated April 9, 2025. The Offering is expected to close on or about May 9, 2025, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. The Company may pay finders' fees under the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering. 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. It is anticipated that insiders of the Company may participate in the Offering. The issuance of securities pursuant to the Offering to insiders will be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization. The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Prospector Metals Corp. Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Tier-1 mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties. On behalf of the Board of Directors,Prospector Metals Corp. Dr. Rob Carpenter, Ph.D., & CEO For further information about Prospector Metals Corp. or this news release, please visit our website at or contact Prospector at 1-778-819-5520 or by email at info@ Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the Offering and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances necessary to carry out the Company's exploration plans and risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at for a more complete discussion of such risk factors and their potential effects. 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. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit Sign in to access your portfolio
Time of India
21-04-2025
- General
- Time of India
How to find Red Topaz in RuneScape Dragonwilds
(Image Via Jagex) Red Topaz is a rare gemstone in the RuneScape Dragonwilds that is essential to craft high-tier gear. Unlike the common ores, these fiery-red gems are not just found anywhere; they require mining of some specific nodes in the dangerous Ashenfall regions. So, when on hunt for the Red Topaz gem, stay brave within the Bloodblight Swamp. Also, to be aware of the dangers that await you on the journey, helps? Here is all you need to know to find the gemstone with ease. Where to find Red Topaz in RuneScape Dragonwilds? Where to Find Silver Ore in Runescape Dragonwilds To obtain the Red Topaz, you must mine the Silver Ore deposits in the Bloodblight Swamp, the hazardous late-game zone that is in the southeast of the Fractured Plains. These gemstones have a very rare chance of dropping when you mine the Silver Ore. However, you improve your chances if you unlock the Gem Prospector perk (Mining Level 16). Without it, the chances of you getting the gem are quite slim. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Note: Alternatively, you can also use the Rocksplosion spell for instant ore destruction and faster loot. How to get Opals, Jade, Topaz & Sapphires in RuneScape #DragonWilds The swamp is full of deadly creatures and the poison clouds. It makes your survival difficult. So, before you head in stock up the Bittercap Mushrooms or Weak Antipoison Potions to counter the toxic environment. After you are inside, look for the Silver Ore nodes. These are often found near the Gold Ore deposits. Use the Bronze Pickaxe . Just remember, with the drop rate being low, patience is the key. So, maintain it. Maximizing chances of a successful gem hunt As Red Topaz is rare, efficiency is key. So, if you are playing with the others, team up and cover more ground. It will increase your chance to find the gems faster. Also, as the Gold and Silver nodes spawn quite close, farm both Red Topaz and Sapphire in the same run. Do not get discouraged if your luck doesn't seem to be on your side. There are some players who reported long, dry spells before they found 1 gem. So, focus and gather other useful materials within the swamp, if not Red Topaz, to make the trip worthwhile. After securing the gem, you can use it to craft some powerful tools like Red Topaz Machete, the jungle-specific weapon. It makes future expeditions much easier. Also, move ahead with preparation and patience, as Bloodblight can be both rewarding and dangerous. So, stay alert and resist poison while you continue to mine. Get the latest IPL 2025 updates on Times of India , including match schedules , team squads , points table and IPL live score for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Don't miss the list of players in the race for IPL Orange Cap and IPL Purple cap .
