Latest news with #RedCloud
Yahoo
6 days ago
- Business
- Yahoo
Loncor Gold Announces the Closing of Its Brokered Private Placement for Gross Proceeds of C$9.4 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Toronto, Ontario--(Newsfile Corp. - May 23, 2025) - Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) ("Loncor" or the "Company") is pleased to announce the closing of its previously announced "best efforts" private placement (the "Offering") for aggregate gross proceeds of C$9,400,000, which includes the full exercise of the agent's option for gross proceeds of C$1,400,000. Under the Offering, the Company sold 17,090,910 units of the Company (the "Units") at a price of C$0.55 per Unit. Each Unit consists of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to purchase one Common Share at a price of C$0.80 at any time on or before May 23, 2028. Red Cloud Securities Inc. ("Red Cloud") acted as sole agent and bookrunner in connection with the Offering. In consideration for its services, Red Cloud received aggregate cash commissions and advisory fees of C$503,999 and 877,562 broker warrants of the Company (the "Broker Warrants"). Each Broker Warrant is exercisable for one Common Share at a price of C$0.61 per Common Share at any time on or before May 23, 2028. In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were sold to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 and to purchasers outside of Canada (including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended). The securities underlying the Units sold to purchasers resident in Canada will be immediately freely tradeable under applicable Canadian securities legislation. The Company intends to use the net proceeds of the Offering for the continued exploration and advancement of the Company's Imbo Project located in the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo, as well as for general corporate purposes. The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933 (the "U.S. Securities Act"), as amended, or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy 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 Offering remains subject to the final approval of the Toronto Stock Exchange. About Loncor Gold Inc. Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (the "DRC"). The Loncor team has over two decades of experience of operating in the DRC. Loncor's growing resource base in the Ngayu Belt is focused on the Imbo Project where the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold), and the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au), with 84.67% of these resources being attributable to Loncor. Following a drilling program carried out by the Company at the Adumbi deposit in 2020 and 2021, the Company completed a Preliminary Economic Assessment ("PEA") of the Adumbi deposit and announced the results of the PEA in December 2021. Additional information with respect to Loncor and its projects can be found on Loncor's website at Cautionary Note Concerning Forward-Looking Information This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding mineral resource estimates and exploration and development plans) are forward-looking information. In particular, this press release contains forward-looking information relating to, among other things, the intended use of proceeds of the Offering. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration (including drilling) or development results will not be consistent with the Company's expectations, risks related to the exploration stage of the Company's properties, uncertainties relating to the availability and costs of financing needed in the future, the possibility that drilling programs will be delayed, failure to establish estimated mineral resources (the Company's mineral resource figures are estimates and no assurances can be given that the indicated levels of gold will be produced), changes in world gold markets or equity markets, political developments in the DRC, gold recoveries being less than those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production), fluctuations in currency exchange rates, inflation, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting drilling results and other geological data and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 31, 2025 filed on SEDAR+ at and EDGAR at Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. For further information, please visit our website at or contact:John Barker, CEO, +44 7547 159 521Arnold Kondrat, Executive Chairman, +1 416 366 7300 To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
09-05-2025
- Politics
- Yahoo
AmeriCorps cuts are ‘devastating' for nonprofit Native American school in South Dakota, lawsuit says
Pine Ridge is located in southwestern South Dakota on the Pine Ridge Indian Reservation. The town has a population just under 3,000 and is the headquarters of the Oglala Sioux Tribe. (Makenzie Huber/South Dakota Searchlight) The Trump administration's decision to abruptly cut AmeriCorps funding has had a 'devastating impact' on a nonprofit school for Native American children in South Dakota, according to a lawsuit. Red Cloud Indian School Inc., which operates schools under the Lakota name Mahpiya Luta, is one of more than a dozen plaintiffs that jointly filed a lawsuit this week challenging the funding cut. 'Red Cloud schools, their programs, and the prospects of their students and of Lakota youth who participate in AmeriCorps are at serious risk,' the lawsuit says. AmeriCorps is a federal agency dedicated to community service and volunteerism, which works in close partnership with states. It's the latest victim of President Donald Trump's campaign to dismantle programs and slash the federal workforce. As Trump slashes AmeriCorps, states lose a federal partner in community service The agency abruptly cut $400 million, or 41% of its budget, and placed 85% of its staff on administrative leave last month, according to court records. AmeriCorps had provided $960 million to fund 3,100 projects across the United States each year, according to general undated figures available on the agency's website. Red Cloud Indian School Inc. operates two elementary schools, one middle school, a high school and a Lakota language immersion program on the Pine Ridge Reservation in southwest South Dakota. For 26 years, according to the lawsuit, the nonprofit has received AmeriCorps awards. The awards have enabled the training of over 400 Lakota AmeriCorps participants as teaching assistants and paraprofessional educators, offering career and job training opportunities in one of the nation's poorest regions. AmeriCorps told Red Cloud via email on April 25 that its grant was terminated, that all grant activities should cease, and that the action was not administratively appealable, the lawsuit says. In the past three years, the nonprofit received approximately $400,000 a year in AmeriCorps funding. The money enabled Red Cloud to recruit local Lakota AmeriCorps participants to serve as teaching assistants for a duration of one to three years. The participants joined in groups of four to five to assist a staff teacher with classes of approximately 20 students. The participants provided students with individualized support in math, literacy and social-emotional development, while also gaining teaching skills. Students benefited from one-on-one attention with participants they viewed as role models. Many AmeriCorps participants pursued college degrees concurrently. Ten of Red Cloud's current teachers began as AmeriCorps participants. 'The program's success is evident in its improved student outcomes and strengthened community empowerment through a career pipeline into education,' the lawsuit says. CONTACT US As of last month, Red Cloud had 11 AmeriCorps participants serving in its teaching assistant program. The organization felt a moral obligation to retain the participants through the end of the school year on May 16, the lawsuit says, which has 'placed an unexpected financial strain' on the nonprofit. The school is not in a position to retain the participants through July 31, when the AmeriCorps grant was set to expire, the lawsuit says. Fourteen organizations, the union representing AmeriCorps staffers and three individual plaintiffs who were AmeriCorps members filed the lawsuit Monday in U.S. District Court for the District of Maryland. Besides Red Cloud in South Dakota, the other nonprofits bringing the lawsuit are based in California, the District of Columbia, Illinois, Iowa, Maine, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Pennsylvania and Virginia. On April 29, attorneys general from nearly two dozen states and the District of Columbia also sued alleging the cuts were illegal. South Dakota's attorney general is not included in that group. In a statement provided Thursday to States Newsroom, the White House defended the cuts. 'AmeriCorps has failed eight consecutive audits and identified over $45 million in unaccounted for payments in 2024 alone. President Trump is restoring accountability to the entire Executive Branch,' said spokesperson Anna Kelly. States Newsroom's D.C. Bureau contributed to this report. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Associated Press
08-05-2025
- Business
- Associated Press
Blue Moon Metals Announces Start of Mobilization for Nussir Underground Development, Follow on Equity Investment of C$1.13M From Mining Contractor and Engagement of Market Maker
TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. ('Blue Moon' or the 'Company') (TSXV: MOON; OTCQX: BMOOF), is pleased to announce the mobilization of Leonhard Nilsen & Sønner AS ('LNS') in preparation for underground development of the exploration decline and confirmation of underground mining parameters at its Nussir Copper-Gold-Silver Project in Northern Norway (the 'Project'). LNS is a highly skilled world class tunneling and mining contractor with extensive experience working in northern Norway and other jurisdictions. The work to be completed over the next year is expected to provide key inputs for engineering studies that the Company anticipates will lead to a final investment decision for the entire Project in 2026, including mine, process plant and tailings infrastructure. Follow on Equity Investment In addition to its initial C$4.2 million subscription that closed on December 19, 2024, LNS agreed to subscribe for an additional C$2.2 million of Blue Moon common shares upon the occurrence of two milestones, the first being the start of LNS underground mobilization at the Project, and the second being the date that is 10 months thereafter. With the Company achieving the first milestone, LNS subscribed for 376,833 common shares of Blue Moon at a price of C$3.00 per share for aggregate gross proceeds of C$1.13M (the 'Financing'). The Financing was approved by the TSX Venture Exchange ('TSXV') and closed on May 8, 2025. No finder's fees were paid in connection with the Financing, and the Common Shares issued pursuant to the Financing will be subject to a statutory 4-month and one day hold period from the date of issuance. The proceeds from the Financing will be used for underground development at the Project. Engagement of Red Cloud Securities Inc. Blue Moon has retained Red Cloud Securities Inc. ('Red Cloud') to provide market stabilization and liquidity services in accordance with policies of the TSXV. Under the agreement, Red Cloud will trade the securities of the Company on the TSXV, adhering to regulatory exchange policies, to maintain market stability and liquidity for the Company's common shares ('Services'). In consideration for the Services, the Company will pay Red Cloud a monthly fee of $7,000 for a minimum term of three months. The fee for the first month shall be paid in advance and thereafter on a monthly basis. The agreement has a one-year term and may be terminated by either party upon 30 days' written notice, after the initial minimum term of three months. Blue Moon and Red Cloud are unrelated and unaffiliated entities and, as at the time of the agreement, Red Cloud does not hold any interest, directly or indirectly, in the securities of Blue Moon. Red Cloud will not receive shares or options as compensation and the capital used for market-making will be provided by Red Cloud. Red Cloud Securities Inc. is a Toronto-based Investment Dealer and a member of the Canadia Investment Regulatory Organization (CIRO), focused on providing a full range of brokerage services to all investor types focused in the junior resource sector. Its services include Investment Banking, Research, Institutional and Retail Trading, Institutional Sales, and Retail Investment Advisory services. Stock Option Grant The Company has granted a total of 24,000 incentive stock options under the Company's share compensation plan to a consultant of the Company. The stock options have an exercise price of $3.00 per stock option and are exercisable for a period of five years from the date of grant. The stock options vest over three years with a third vesting every year and are governed by the terms and conditions of the Company's stock option plan. Qualified Person The technical and scientific information of this news release has been reviewed and approved by Mr. Dustin Small, a non-Independent Qualified Person, as defined by NI 43-101. About Blue Moon Blue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States and the NSG copper-zinc-gold-silver project in Norway. All 3 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. More information is available on the Company's website ( ). For further information: Blue Moon Metals Inc. Christian Kargl-Simard CEO and Director Phone: (416) 230 3440 Email: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARYDISCLAIMER-FORWARDLOOKINGSTATEMENTS This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian and U.S. securities laws relating to, among other things, theprojections regarding the completion of work over the next year, the anticipated contribution of such work, the expected timing of a final investment decision for the Project in 2026, subscription of addition common shares by LNS, the statements regarding the use of proceeds from the Financing, and the maintenance of market stability and liquidity pursuant to the agreement with Red Cloud. All statements included herein that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking information may in some cases be identified by words such as 'will', 'anticipates', 'expects', 'intends' and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Such factors include risks inherent in the exploration, development and operation of mineral deposits, including uncertainty of mineral resource estimates, risks of results not being as anticipated, risks of an investment decision not being made by 2026, risks of not achieving production, risks relating to changes in prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on mining contractor, operational risks, risks related to operations in foreign and developing countries and compliance with foreign laws, including risks relating to the acquisition of the necessary licenses and permits, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive regulatory approvals. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management, and are subject to change after the date of this news release. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. Forward-looking information is provided herein for the purpose of giving information about the Project and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available
Associated Press
30-04-2025
- Business
- Associated Press
Azarga Metals Retains Market Making Services
VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / AZARGA METALS CORP. ('Azarga Metals' or the 'Corporation') (TSXV:AZR) has, subject to TSX Venture Exchange ('TSXV') approval, retained Red Cloud Securities Inc. ('Red Cloud') to provide market-making services and to provide assistance in maintaining an orderly trading market for the common shares of the Company with effect from May 1, 2025. The market-making service will be undertaken by Red Cloud, a registered broker in compliance with the applicable policies of the TSXV and other applicable laws. For its services, Azarga Metals has agreed to pay Red Cloud $5,000 per month for a six (6) month term, after which the service will automatically renew on a month-to-month basis. Azarga Metals and Red Cloud act at arm's length, and Red Cloud has no present interest, directly or indirectly, in Azarga Metals or its securities. There are no performance factors contained in the agreement between Red Cloud and the Company and Red Cloud will not receive any shares or options from the Company as compensation for services it will render. About Red Cloud Securities Inc. Red Cloud Securities Inc. is registered as an Investment Dealer in Ontario, Québec, Alberta and British Columbia and is a member of the Investment Industry Organization of Canada. It is focused on providing unique comprehensive capital market services and innovative financing alternatives to the junior resource sector. The company was founded by capital markets professionals who designed the firm to service small public and private companies. This solution is a comprehensive platform that provides a full range of unconflicted corporate access services. Offering these services as a unified platform provides the ultimate value proposition for issuer clients. Gordon Tainton, President and Chief Executive Officer For further information please contact: Ben Meyer, at (+1) 604-536-2711 ext. 1 or visit The address of the corporate office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada. 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. SOURCE: Azarga Metals Corp. press release
Yahoo
15-04-2025
- Business
- Yahoo
Talisker Announces Upsize of Brokered Private Placement for Gross Proceeds of up to $6.5 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. ('Talisker' or the 'Company') (TSX: TSK, OTCQX: TSKFF) is pleased to announce that as a result of strong investor demand, the Company has increased the maximum gross proceeds of its previously announced 'best-efforts' private placement (the 'Offering') from C$5,000,000 to C$6,500,000. The revised Offering is comprised of the sale of up to 13,000,000 units of the Company (the 'Units') at a price of $0.50 per Unit (the 'Offering Price'). All amounts are in Canadian dollars unless otherwise noted. Under the Offering, Red Cloud Securities Inc. ('Red Cloud') is acting as lead agent and sole bookrunner. Each Unit will consist of one common share of the Company (each, a 'Common Share') and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.75 for a period of 36 months after the Closing Date (as defined below). Red Cloud will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to sell up to an additional 2,000,000 Units at the Offering Price for up to an additional C$1,000,000 in gross proceeds. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ('NI 45-106'), up to 11,320,000 Units that may be sold under the Offering (the 'LIFE Units') will be offered for sale to purchasers in all of the provinces of Canada, other than Québec (the 'Canadian Selling Jurisdictions') pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The Common Shares and Warrant Shares underlying the LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in the Canadian Selling Jurisdictions. All other Units sold under the Offering (the 'Non-LIFE Units') may be issued to: (i) purchasers resident in Canada pursuant to the 'accredited investor' and 'minimum amount investment' exemptions under NI 45-106, and (ii) purchasers outside of Canada, including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended. The Common Shares and Warrant Shares issuable from the sale of any Non-LIFE Units to Canadian purchasers will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date. Purchasers are advised to consult their own legal advisors in this regard. A revised offering document (the 'Offering Document') related to the Offering that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read the Offering Document before making an investment decision. The Offering is scheduled to close on or about April 29, 2025, or such other date within 45 days from the date hereof as is mutually agreed upon by the Company and Red Cloud (the 'Closing Date') and is subject to customary conditions including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. The Company intends to use the net proceeds from the Offering for the continued advancement of the Company's flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes and working capital. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. For further information, please contact: Terry HarbortPresident and 416 357 0227 About Talisker Resources Ltd. Talisker ( is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker's flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company has a significant landholding in the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects. Caution 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 Talisker's current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Offering, total proceeds and available funds, use of proceeds, approval of the Toronto Stock Exchange and the Closing Date. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker's management, there can be no assurance that any conclusions or forecasts will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals. The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained in to access your portfolio
