CBLT Inc. (TSXV: CBLT) (“CBLT”) has set its exploration goals and budget for the foreseeable future. To fund that budget CBLT announces its intention to effect a non-brokered flowthrough financing in an amount no less than $100,000 (one hundred thousand dollars, resulting in the issuance of one million Flowthrough Units) up to $400,000 (four hundred thousand dollars, resulting in the issuance of four million Flowthrough Units). Each Flowthrough Unit will be priced at $0.10 (ten cents) per Flowthrough Unit and will comprise of one flowthrough share and one full 15-cent warrant with a 24-month term, with each 15-cent warrant being exercisable into a flowthrough common share.
Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters (collectively, the “Underwriters“), in connection with a bought deal private placement financing (the “Offering“) for total proceeds of $10 million, consisting (i) 11,904,800 flow-through shares (“FT Shares“) at a price of $0.42 per FT Share (the “FT Share Issue Price”) and (ii) 9,804,000 flow-through units (the “FT Units, and together with the FT Shares, the “Offered Securities“) at a price of $0.51 per FT Unit (the “FT Unit Issue Price”).
Producing a 43-101 compliant resource estimate is a huge step forward for any junior resource company. For Abraham Drost, CEO of Clean Air Metals (TSXV: AIR), this was an especially satisfying moment because it confirms a new approach to a potentially very valuable platinum group metals deposit.
Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that the Company has released an updated Indicated and Inferred mineral resource estimate prepared in accordance with National Instrument 43-101 (“NI 43-101″) for the Company’s 100%-owned Thunder Bay North Project (the “Project“) which includes both the Current Lake and Escape Lake deposits.
Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company“), reports that machine learning stochastic cluster analysis and final 3D inversions by GoldSpot Discoveries Corp. (GoldSpot) on a 2020, 5 km2 gravity and magnetic geophysical survey dataset has identified multiple anomalies with the same signature as known gold-bearing syenites on the Miller Gold Property (Figure 1).
CBLT Inc. (TSXV: CBLT) (“CBLT”) announces its intention to effect a flowthrough financing in an amount up to $50,000 (fifty thousand dollars) by offering up to 833,333 Flowthrough Units priced at $0.06 (six cents) per Flowthrough Unit. Each Flowthrough Unit will comprise of one flowthrough share and one full 9-cent warrant with a 24-month term, with each 9-cent warrant being exercisable into a flowthrough common share.
Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company“), announces the Company has closed the first tranche of its previously announced $2.7 million non-brokered private placement of units (“Units“) for gross proceeds of CDN$2,415,575 (the “Offering“).
In the investment banking business people talk about “deal flow”. Putting one deal together, closing it and moving on to the next deal. Peter Clausi, CEO of CBLT (V.CBLT) brings the concept of deal flow to the junior mining space.