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Tag Archives: Private Placement

Manganese X Announces Update to Private Placement Financing

Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) ("Manganese" or the "Company") is pleased to announce that it has updated the terms of the proposed non-brokered private placement as originally announced on July 31, 2020 and amended on August 12, 2020. The updated non-brokered private placement offering (the "Offering") will raise up to $2,000,000 through the issuance of up to 25,000,000 units (each, a "Unit") at a price of $0.08 per Unit. The maximum Offering size was increased by $500,000 after investors expressed greater interest in the Offering than was previously anticipated by the Company. The minimum Offering size is $1,000,000, being 12,500,000 Units.
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Auramex Increases Private Placement

Auramex Resource Corp. ("Auramex") (TSX.V: AUX) is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement which now consists of (i) 10,639,600 Units ("Unit") at a price of C$0.25 per Unit (the "NFT Unit Offering"); (ii) 6,133,667 Common Shares ("Common Share") at a price of C$0.30 per Common Share (the "FT Offering") and (iii) 4,054,054 Units at a price of C$0.37 per Unit (the "Charity FT Unit Offering" and together with the NFT Unit Offering and FT Offering, the "Offering") for gross aggregate proceeds of up to $6 million.
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Auramex Announces Restructuring, Private Placement and Strategic Acquisition

Auramex Resource Corp. (“Auramex”) (TSX.V: AUX) is pleased to announce the appointment of new directors and management, a share consolidation, a private placement and a strategic acquisition. Auramex plans to actively consolidate the central and southern areas of the Stewart Mining Camp and to conduct focused exploration, including an initial drill program at its flagship Georgia River project during the summer of 2020.
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Ely Gold Royalties Announces Closing of CDN$17,250,000 Brokered Private Placement

Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has closed its previously announced brokered private placement offering of 21,562,500 units (the “Units”) of the Company at a price of $0.80 per Unit for gross proceeds of C$17,250,000 (the “Offering”), including the full amount of the agents’ over-allotment option.  The Offering was placed through a syndicate of agents (the “Syndicate”) co-lead by Clarus Securities Inc. and Mackie Research Capital Corporation as joint bookrunners (the “Co-Lead Agents”) and including PowerOne Capital Markets Limited (collectively, the “Agents”).
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