Category: featured_news

NexGen Announces Closing of $150 Million Bought Deal Financing

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T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) is pleased to announce that it has closed its previously announced bought deal financing (the “Offering”). Pursuant to the Offering, the Company issued 33,400,000 common shares of the Company (the “Common Shares”) at a price of $4.50 per Common Share for gross proceeds of approximately $150 million. NexGen has granted the Underwriters (as defined below) a 30-day option to purchase up to an additional 5,010,000 Common Shares. read more

Gran Colombia Announces Steps to Continue Strengthening Its Balance Sheet With Partial Early Redemptions of Its Long-Term Debt

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T.GCM, Gran Colombia, gold, Colombia
  • Announces early redemption of 10%, equivalent to CA$2,000,000, of its 8% Convertible Unsecured Debentures due 2024 to take place on April 5, 2021
  • Announces early redemption of approximately 33.6%, equivalent to US$10,000,000, of its 8.25% Senior Secured Gold Notes due 2024 to take place on May 3, 2021

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) announced today that it will be taking steps to continue strengthening its balance sheet through permitted partial early redemptions of its long-term debt. read more

Eloro Resources Announces Filing of Preliminary Short Form Prospectus

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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced bought deal financing (see Eloro press releases dated March 2, 2021 and March 3, 2021), it has filed a preliminary short form prospectus with the applicable securities regulators in each of the provinces of Canada, except Quebec. Under the terms of the financing, Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint-bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the “Underwriters”) have agreed to purchase, on a bought deal basis, 5,800,000 units (the “Units”) at a price of C$3.75 per Unit (the “Issue Price”) for gross proceeds to the Company of C$21,750,000 (the “Offering”). read more

Newlox Gold Pursues US Listing

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Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CNSX:LUX.CN) (Frankfurt/Stuttgart:NGO) (OTC:NWLXF) is pleased to announce it has begun the process to list the Company’s common shares in the United States on the OTC market. The Company’s shares are now quoted on the Pink Open Market, which is the first step toward a formal listing on the OTCQB Venture Market, allowing ease of accessibility to the US investment community. read more

CBLT Closes on Flowthrough Financing

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CBLT.v, gold

On February 15, 2021, CBLT Inc. (TSXV: CBLT) (“CBLT”) announced it had set its exploration goals and budget for the foreseeable future. To fund that budget CBLT announced an intention to effect a non-brokered flowthrough financing in an amount no less than $100,000. CBLT announces it has closed on $232,830.00 (two hundred thirty-two thousand eight hundred and thirty dollars) in flowthrough financing, resulting in the issuance of 2,328,300 Flowthrough Units. Each Flowthrough Unit was priced at $0.10 (ten cents) 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. This financing is subject to stock exchange approval. read more

Clean Air Metals Files Mineral Resource Technical Report for the Thunder Bay North Property on SEDAR

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Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that, further to its news release dated January 20, 2021, the Company has filed a technical report detailing the Mineral Resource estimate for the Thunder Bay North Project near Thunder Bay, Ontario. read more

Tocvan Announces Amended Private Placement

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (“Tocvan” or the “Company”) (TOC:CSE) (CNSX:TOC.CN) announces that its previously disclosed non-brokered private placement announced on January 28, 2021 has been amended from U.S. to CDN. dollars and will now consist of the issuance of up to 2,500,000 units (the “Units”) at CDN$0.60 per Unit, for gross proceeds of up to CDN$1,500,000
(the “Offering”).  Each Unit is comprised of one common share of the Company (“Share”) and one share purchase warrant
(“Warrant”). Each Warrant will entitle the holder to acquire one additional Share in the capital of the Company at a price of CDN$0.75 for a period of 18 months from the date the Units are issued, subject to the accelerated expiry provision described below.  The Company may pay finder fees and finder warrants to eligible finders. read more

Stratabound Reports More Drill Results on Golden Culvert, Yukon Territory

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  • Drilling extends mineralization to 730m strike below-surface within 970m of strike indicated through surface trenching.
  • Deepest intersection to date of 4.83 g/t Au/1.5m down-hole at 225m below surface in hole GC20-02.
  • First of seven in-fill definition drill holes yields up to 5.80 g/t Au over 0.7m.
  • Four parallel gold-mineralized structures are intercepted in hole GC20-10.

Stratabound Minerals Corp. (TSXV: SB) (OTC Pink: SBMIF) (“Stratabound” or the “Company”) reports more assay results on diamond drilling completed at its flagship Golden Culvert Project in the southeastern Yukon Territory. read more