North Peak Announces Non-Brokered Private Placement
North Peak Resources (TSXV: NPR) has announced a non-brokered private placement of up to 10,000,000 equity units at C$0.60 per unit, aiming to raise up to C$6,000,000. The company has the option to increase the placement by 1.5 million additional units, potentially raising total proceeds up to C$6,900,000.
Each unit consists of one common share and one-half warrant. Each whole warrant allows the purchase of one common share at C$0.90 within 18 months of issuance. An acceleration clause applies if shares trade at or above C$1.50 for 20 consecutive trading days.
The proceeds will fund exploration and development of mining assets, business development, and general administrative expenses. The private placement requires TSX Venture Exchange approval and includes a four-month hold period. The company may pay commission or finder's fees to eligible parties.
North Peak Resources (TSXV: NPR) ha annunciato un collocamento privato non intermediato di fino a 10.000.000 di unità azionarie a C$0,60 per unità, con l'obiettivo di raccogliere fino a C$6.000.000. L'azienda ha l'opzione di aumentare il collocamento di ulteriori 1,5 milioni di unità, potenzialmente portando il totale a C$6.900.000.
Ogni unità è composta da un'azione ordinaria e mezza warrant. Ogni warrant intero consente l'acquisto di un'azione ordinaria a C$0,90 entro 18 mesi dall'emissione. Si applica una clausola di accelerazione se le azioni vengono scambiate a o sopra C$1,50 per 20 giorni di negoziazione consecutivi.
I proventi finanzieranno l'esplorazione e lo sviluppo di beni minerari, lo sviluppo commerciale e le spese amministrative generali. Il collocamento privato richiede l'approvazione della TSX Venture Exchange e include un periodo di blocco di quattro mesi. L'azienda può pagare commissioni o spese di intermediazione a parti idonee.
North Peak Resources (TSXV: NPR) ha anunciado una colocación privada no intermediada de hasta 10.000.000 de unidades de capital a C$0,60 por unidad, con el objetivo de recaudar hasta C$6.000.000. La empresa tiene la opción de aumentar la colocación en 1,5 millones de unidades adicionales, lo que podría elevar los ingresos totales hasta C$6.900.000.
Cada unidad consiste en una acción común y media garantía. Cada garantía completa permite la compra de una acción común a C$0,90 dentro de los 18 meses posteriores a la emisión. Se aplica una cláusula de aceleración si las acciones se negocian a o por encima de C$1,50 durante 20 días de negociación consecutivos.
Los ingresos financiarán la exploración y el desarrollo de activos mineros, el desarrollo comercial y los gastos administrativos generales. La colocación privada requiere la aprobación de la TSX Venture Exchange e incluye un período de retención de cuatro meses. La empresa puede pagar comisiones o honorarios de intermediación a partes elegibles.
North Peak Resources (TSXV: NPR)는 최대 10,000,000 개의 주식 단위를 C$0.60 per unit에 비중개 방식으로 사모 배정한다고 발표했으며, 최대 C$6,000,000을 모금할 계획입니다. 회사는 150만 개의 추가 단위를 배정할 수 있는 옵션이 있으며, 이를 통해 총 수익이 C$6,900,000까지 증가할 수 있습니다.
각 단위는 하나의 보통주와 반 개의 워런트로 구성됩니다. 각 전체 워런트는 발행일로부터 18개월 이내에 C$0.90에 하나의 보통주를 구매할 수 있게 합니다. 주식이 연속 20 거래일 동안 C$1.50 이상으로 거래될 경우 가속 조항이 적용됩니다.
모금된 자금은 광산 자산의 탐사 및 개발, 사업 개발, 일반 관리 비용을 지원하는 데 사용됩니다. 이 사모 배정은 TSX Venture Exchange의 승인이 필요하며, 4개월의 보유 기간이 포함됩니다. 회사는 적격 당사자에게 수수료 또는 중개 수수료를 지급할 수 있습니다.
North Peak Resources (TSXV: NPR) a annoncé un placement privé non intermédié de jusqu'à 10 000 000 d'unités de capitaux à C$0,60 par unité, visant à lever jusqu'à C$6 000 000. La société a la possibilité d'augmenter le placement de 1,5 million d'unités supplémentaires, ce qui pourrait porter le produit total à C$6 900 000.
Chaque unité se compose d'une action ordinaire et d'un demi-bail. Chaque bail entier permet d'acheter une action ordinaire à C$0,90 dans les 18 mois suivant l'émission. Une clause d'accélération s'applique si les actions se négocient à ou au-dessus de C$1,50 pendant 20 jours de négociation consécutifs.
Les produits financeront l'exploration et le développement des actifs miniers, le développement commercial et les frais administratifs généraux. Le placement privé nécessite l'approbation de la TSX Venture Exchange et comprend une période de blocage de quatre mois. La société peut verser des commissions ou des frais de recherche à des parties éligibles.
North Peak Resources (TSXV: NPR) hat eine nicht vermittelte Privatplatzierung von bis zu 10.000.000 Eigenkapital-Einheiten zu C$0,60 pro Einheit angekündigt, mit dem Ziel, bis zu C$6.000.000 zu sammeln. Das Unternehmen hat die Option, die Platzierung um 1,5 Millionen zusätzliche Einheiten zu erhöhen, wodurch die Gesamterlöse auf bis zu C$6.900.000 steigen könnten.
Jede Einheit besteht aus einer Stammaktie und einem halben Warrant. Jeder ganze Warrant ermöglicht den Kauf einer Stammaktie zu C$0,90 innerhalb von 18 Monaten nach der Ausgabe. Eine Beschleunigungsklausel greift, wenn die Aktien 20 aufeinanderfolgende Handelstage lang bei oder über C$1,50 gehandelt werden.
Die Erlöse werden die Erkundung und Entwicklung von Bergbauvermögen, Geschäftsentwicklung und allgemeine Verwaltungskosten finanzieren. Die Privatplatzierung erfordert die Genehmigung der TSX Venture Exchange und umfasst eine viermonatige Haltedauer. Das Unternehmen kann Provisionen oder Findergebühren an berechtigte Parteien zahlen.
- Potential to raise up to C$6.9M in fresh capital
- Warrant exercise could bring additional C$0.90 per share
- Acceleration clause provides upside potential at C$1.50 share price
- Dilutive effect on existing shareholders
- Four-month hold period restricts immediate trading
- Additional fees/commissions may reduce net proceeds
Calgary, Alberta--(Newsfile Corp. - February 28, 2025) - North Peak Resources Ltd. (TSXV: NPR) (the "Company") announces that it intends to complete a non-brokered private placement of up to 10,000,000 equity units of the Company ("Units") at a price of C
Each Unit will be comprised of one (1) common share of the Company ("Common Share") and one-half of one (1/2) Common Share purchase warrant of the Company (a "Warrant"). Each whole Warrant will entitle the holder to acquire one (1) Common Share for a period of 18 months from the date of issuance of the Warrant (subject to acceleration) (the "Expiry Date"), at an exercise price of C
The Warrants will be subject to an acceleration provision whereby, if the Common Shares trade at or above a volume-weighted average price of C
The Company intends to use the proceeds from the Private Placement to continue to explore and develop its mining assets, the continued development of its business and for general and administrative expenses.
The Private Placement is subject to the approval of the TSX Venture Exchange (the "Exchange"). The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws.
The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws.
About North Peak Resources
The Company is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "NPR". The Company is focused on acquiring historic sites, with low cost producing gold and other metals properties, with near term production potential and 8+ year mine life in the northern hemisphere.
The Company has acquired an initial
The Company can give no assurances at this time that its properties and interests will fulfil the Company's business development goals described herein. Trading in the securities of the Company should be considered highly speculative.
For further information, please contact:
Rupert Williams, CEO
Phone: +1-647-424-2305
Email: info@northpeakresources.com
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: info@northpeakresources.com
This press release is not an offer of the Company's securities for sale in the United States. The Company's securities may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and applicable U.S. state securities laws. The Company will not make any public offering of its securities in the United States. The Company's securities have not been and will not be registered under the U.S. Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to completion of the proposed Private Placement, the anticipated use of proceeds of the Private Placement, timing and completion of any exploration on the Company's properties, estimates of mineralization from drilling, sampling and geophysical surveys, geological information projected from drilling and sampling results and the potential quantities and grades of the target zones, the potential for minerals and/or mineral resources and reserves, intentions, beliefs, and current expectations of the Prospect Mountain Mine complex and the Company, including with respect to the future business activities and operating performance of the Company that may be described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, accuracy of assay results, geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs, and the historical basis for current estimates of potential quantities and grades of target zones, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended December 31, 2023, and the period ended September 30, 2024 available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242786
FAQ
What are the terms of North Peak Resources' (TSXV: NPR) private placement announced in February 2025?
How will North Peak Resources use the C$6M private placement proceeds?
What is the warrant acceleration clause in North Peak's February 2025 private placement?
What are the hold period restrictions for North Peak's private placement securities?
