Latest news with #privateplacement
Yahoo
2 days ago
- Business
- Yahoo
Legend Power Systems Applies for Amendment to Terms of Warrants
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of 12,861,553 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed in two tranches on July 31, 2023 and August 22, 2023. The Warrants have an exercise price of $0.25 and are set to expire on July 31, 2025 and August 22, 2025 respectively. Insiders of the Company hold 1,957,999 or 15.22% of the Warrants. The Company has applied for consent to extend the term of the Warrants from twenty-four months (24) to thirty-six months (36) from the date of original issuance in accordance with Exchange policies (the "Warrant Term Extension"). Subsequent disclosure will be issued by the Company, If approval is granted by the Exchange for the Warrant Term Extension. About Legend Power Systems Inc. Legend Power Systems Inc. ( provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets. About SmartGATE SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions. The SmartGATE active energy management system installs after the meter in line with your switchgear. Using our patented technology, we extract a percentage of the load, convert and analyze it, rebuild the waveform, and then inject it back into your system. This provides full voltage regulation (+/- 8%) to your exact specification, on each phase individually to address the main power attributes that impact system reliability, lifetime, and efficiency. All focused on reducing energy consumption while creating optimal power for optimal performance with a footprint designed for today's buildings. For further information, please contact: Jonathan Lansky, Director+1 416 417 7664lansky.j@ Sean Peasgood, Investor Relations+ 1 647 503 1054sean@ Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR+ at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
Nexcel Closes Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Nexcel Metals Corp. (CSE: NEXX) (" Nexcel" or the " Company") is pleased to announce that it has closed its non-brokered private placement financing (the " FT Private Placement") of units of the Company (" FT Units") at a price of $0.50 per FT Unit for gross proceeds of $110,000. Each FT Unit consists of one common share of the Company (" FT Share") and one common share purchase warrant (" FT Warrant"). Each whole FT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.75 for a period of 24 months from the date of issuance. Each of the FT Shares will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds from the FT Private Placement will be used to incur "Canadian exploration expenses" on the Lac Ducharme Property in Québec which will qualify as "flow-through critical mineral mining expenditures" as those terms are defined in the Tax Act, and which the Company intends to renounce to the subscribers of the FT Private Placement. All securities issued in connection with the FT Private Placement will be subject to a statutory hold period of four months and one day from the Closing Date. As consideration for the services rendered by certain finders, the Company paid, in aggregate, a cash payment of $7,700 and issued 15,400 non-transferable common share purchase warrants (the " Broker Warrants"), with each Broker Warrant exercisable for one common share of the Company at a price of $0.50 for a period of twenty four (24) months. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Nexcel Metals Corp. Nexcel is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The Company is currently focused on the Lac Ducharme Property located in the Province of Québec. Forward-Looking Statements This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact in this news release are forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the completion of the FT Private Placement; the anticipated Closing Date; the proposed use of proceeds of the FT Private Placement; the tax treatment of the FT Shares; the renouncement of applicable expenditures and the exploration and development of the Company's properties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially. Factors that could cause actual results to vary include the Company's ability to complete the FT Private Placement by the anticipated Closing Date or at all, use the proceeds of the FT Private Placement as proposed and renounce applicable expenditures; the availability of the proposed tax treatment of the FT Shares; and the risks detailed in filings with securities regulators. Forward-looking statements are made as of the date of this new release and are qualified by this cautionary statement. The Canadian Securities Exchange and the Market Regulator (as defined in the policies of the Canadian Securities Exchange) have not reviewed, approved, disapproved or accepted responsibility for the contents, adequacy or accuracy of this press release.
Yahoo
2 days ago
- Business
- Yahoo
Nexcel Closes Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Nexcel Metals Corp. (CSE: NEXX) ("Nexcel" or the "Company") is pleased to announce that it has closed its non-brokered private placement financing (the "FT Private Placement") of units of the Company ("FT Units") at a price of $0.50 per FT Unit for gross proceeds of $110,000. Each FT Unit consists of one common share of the Company ("FT Share") and one common share purchase warrant ("FT Warrant"). Each whole FT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.75 for a period of 24 months from the date of issuance. Each of the FT Shares will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds from the FT Private Placement will be used to incur "Canadian exploration expenses" on the Lac Ducharme Property in Québec which will qualify as "flow-through critical mineral mining expenditures" as those terms are defined in the Tax Act, and which the Company intends to renounce to the subscribers of the FT Private Placement. All securities issued in connection with the FT Private Placement will be subject to a statutory hold period of four months and one day from the Closing Date. As consideration for the services rendered by certain finders, the Company paid, in aggregate, a cash payment of $7,700 and issued 15,400 non-transferable common share purchase warrants (the "Broker Warrants"), with each Broker Warrant exercisable for one common share of the Company at a price of $0.50 for a period of twenty four (24) months. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Nexcel Metals Corp. Nexcel is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The Company is currently focused on the Lac Ducharme Property located in the Province of Québec. ON BEHALF OF THE BOARD OF DIRECTORS "Hugh Rogers"CEO For all other inquiries:Email: hughrogersinc@ (604) 250-6162 Forward-Looking Statements This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact in this news release are forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the completion of the FT Private Placement; the anticipated Closing Date; the proposed use of proceeds of the FT Private Placement; the tax treatment of the FT Shares; the renouncement of applicable expenditures and the exploration and development of the Company's properties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially. Factors that could cause actual results to vary include the Company's ability to complete the FT Private Placement by the anticipated Closing Date or at all, use the proceeds of the FT Private Placement as proposed and renounce applicable expenditures; the availability of the proposed tax treatment of the FT Shares; and the risks detailed in filings with securities regulators. Forward-looking statements are made as of the date of this new release and are qualified by this cautionary statement. The Canadian Securities Exchange and the Market Regulator (as defined in the policies of the Canadian Securities Exchange) have not reviewed, approved, disapproved or accepted responsibility for the contents, adequacy or accuracy of this press release. NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
Yahoo
2 days ago
- Business
- Yahoo
BuildDirect Announces Non-Brokered Private Placement of up to $7 million
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce a non-brokered private placement of common shares (the "Offering"). All references to dollars herein are in Canadian dollars ($) unless otherwise specified. BuildDirect is pleased to announce the Offering of up to 6,100,000 common shares (each, a "Common Share") at a price of $1.15 per Common Share for total gross proceeds of up to approximately $7 million. The Company will use the net proceeds from the Offering to continue to advance BuildDirect's growth strategy and for general working capital purposes. Closing of the Offering is subject to various conditions, including approval of the TSX Venture Exchange. No finder's fee is payable in connection with this financing. The Company's three largest shareholders, Pelecanus Investments Ltd., Lyra Growth Partners Inc. and Beedie Investments Ltd. will participate in the Offering. Participation by these parties in the private placement 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 exempt from the formal valuation and minority approval requirements under MI 61-101 as the fair market value of these insiders' participation in the private placement will not exceed 25 per cent of the Company's market capitalization, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101. None of the securities issued in the private placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such an offer, solicitation, or sale would be unlawful. 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. About BuildDirect: BuildDirect (TSXV: BILD) is an expanding omnichannel building materials retailer, specializing in Pro Centers-strategic distribution hubs designed to serve professional contractors and trades. The company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion. For more information, visit Forward-Looking Information: This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. These statements reflect management's current beliefs and expectations and are based on information currently available to management as at the date hereof. Forward-looking statements in this press release included, without limitation, statements regarding participation by major shareholders in the private placement, the expected closing and use of proceeds of the private placement, and the Company's growth plans. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Among those factors are changes in consumer spending, availability of mortgage financing and consumer credit, changes in the housing market, changes in trade policies, tariffs or other applicable laws and regulations both locally and in foreign jurisdictions, availability and cost of goods from suppliers, fuel prices and other energy costs, interest rate and currency fluctuations and changes in general economic, business and political conditions. These forward-looking statements may be affected by risks and uncertainties in the business of the Company and general market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release reflect the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. There may be other risks, uncertainties and factors that cause results not to be as anticipated, estimated or intended and such changes could be material. These forward-looking statements are made as of the date of this press release, and BuildDirect assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. For further information: Shawn Wilson, CEOshawnwilson@ BuildDirect Investor Relationsir@ /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ To view the source version of this press release, please visit
Yahoo
2 days ago
- Business
- Yahoo
Galleon Gold Completes $7.5M Oversubscribed Private Placement of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - July 18, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering of convertible debentures (the "Offering") previously announced on July 2, 2025 and July 7, 2025. The Company has issued 20 convertible debentures (the "Debentures") for gross proceeds of $1,000,000. The total gross proceeds from the Offering is $7,500,000. The Offering The Debentures have a term of 36 months (the "Term") from the date of issuance, bear interest at a rate of 8.0% per annum payable in cash or Common Shares at the option of the investor at the end of the Term. The Debentures are convertible into common shares of the Company (the "Common Shares") at $0.30 per share (the "Conversion Price"). At any time during the Term, each holder of Debentures may elect to convert any portion of the principal amount of the Debentures into Common Shares at the Conversion Price. If an investor exercises the Debentures prior to the end of the Term the accrued interest to that date will be payable in Common Shares and the price will be based on the higher of the average closing price of the last 20 trading days or the closing market price. Finders' fees consisting of a cash commission of $60,000 and 200,000 non-transferrable finders' warrants have been paid in connection with this closing of the Offering. Each finder warrant entitles the holder to acquire one common share at $0.36 per share over a two (2) year period. The Company intends to use the proceeds raised from the Offering for the exploration and advancement of the Company's West Cache Gold Project in Timmins, Ontario and for general working capital purposes. The Debentures, finder's warrants, and if applicable, the underlying Common Shares, will be subject to a hold period of four months and one day from the date of closing in accordance with applicable securities laws. The Offering is subject to the final acceptance of the TSX Venture Exchange. This news release does not constitute an offer of securities for sale 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, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. About Galleon Gold Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The Project is located 7 km northeast of Pan American Silver's Timmins West Mine and 14 km southwest of the Hollinger Mine. The Company is gearing up for its first test mining at West Cache; the 86,500-tonne underground bulk sample is designed to produce 22,600 ounces of gold (prior to recoveries) and provide valuable data for pre-feasibility studies. Galleon Gold's strategy is to systematically derisk the Project while continuing to grow the asset through grassroots exploration. For further information:Galleon Gold R. David RussellChairman and CEOT. (416) 644-0066info@ Forward-Looking StatementsThis news release contains certain "forward-looking statements," as defined under applicable Canadian securities laws, that reflect the current views and/or expectations of Galleon Gold with respect to the Offering, the use of proceeds from the Offering, its long-term strategy, proposed work, plans, bulk sample program and other reports including the PEA for its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Galleon Gold operates. Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Galleon Gold are forward-looking statements that involve various risks. The following are important factors that could cause Galleon Gold's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions and uncertainty of access to additional capital, risks inherent in mineral exploration, delays in the receipt of government approvals, risks associated with development, construction, mining operations and third party contractor activities, risks related to unanticipated events related to health, safety and environmental matters. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Galleon Gold undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements. Neither the 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. Not for distribution to United States Newswire Services or for dissemination in the United States To view the source version of this press release, please visit
