Sokoman Minerals Corp. Closes First Tranche of Non-Brokered Flow-Through and Hard-Dollar Private Placement Financing
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has closed the first tranche of its non-brokered financing, raising CAD$1,421,250. The company is issuing 35,400,000 flow-through shares at CAD$0.04 per share and 150,000 non-flow-through common shares at CAD$0.035. The financing includes CAD$42,000 in finders' fees, 1,050,000 broker warrants exercisable at CAD$0.06 for one year, and 1,200,000 common shares to finders.
The company plans to allocate CAD$1,000,000 of the flow-through proceeds to the Moosehead gold property, with the remainder going to Fleur de Lys and Crippleback projects. The funds will be used for Canadian exploration expenses qualifying as flow-through mining expenditures, which must be incurred by December 31, 2025.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha chiuso la prima tranche del suo finanziamento non intermedia, raccogliendo CAD$1,421,250. L'azienda emetterà 35.400.000 azioni flow-through a CAD$0,04 per azione e 150.000 azioni comuni non flow-through a CAD$0,035. Il finanziamento include CAD$42.000 in commissioni per intermediari, 1.050.000 warrant per broker esercitabili a CAD$0,06 per un anno, e 1.200.000 azioni comuni per gli intermediari.
L'azienda prevede di destinare CAD$1.000.000 dei proventi derivanti dalle azioni flow-through alla proprietà aurifera di Moosehead, mentre il resto sarà investito nei progetti Fleur de Lys e Crippleback. I fondi saranno utilizzati per spese di esplorazione in Canada che si qualificano come spese minerarie flow-through, le quali devono essere sostenute entro il 31 dicembre 2025.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha cerrado la primera tranche de su financiamiento sin intermediarios, recaudando CAD$1,421,250. La compañía emitirá 35,400,000 acciones flow-through a CAD$0.04 por acción y 150,000 acciones comunes no flow-through a CAD$0.035. El financiamiento incluye CAD$42,000 en comisiones para buscadores, 1,050,000 warrants de corredores ejercitables a CAD$0.06 durante un año, y 1,200,000 acciones comunes para los buscadores.
La compañía planea destinar CAD$1,000,000 de los ingresos de las acciones flow-through a la propiedad de oro Moosehead, con el resto destinado a los proyectos Fleur de Lys y Crippleback. Los fondos se utilizarán para gastos de exploración en Canadá que califiquen como gastos de minería flow-through, los cuales deben ser incurridos antes del 31 de diciembre de 2025.
소코만 미네랄스 Corp. (TSXV:SIC)(OTCQB:SICNF)는 중개인 없는 첫 번째 자금 조달 단계를 마감하고 CAD$1,421,250을 모금했습니다. 회사는 주당 CAD$0.04에 35,400,000개의 플로우스루 주식을 발행하고 주당 CAD$0.035에 150,000개의 비유동 자산 보통주를 발행합니다. 이번 자금 조달에는 CAD$42,000의 중개 수수료, 1,050,000개의 중개인 워런트(1년 동안 CAD$0.06로 행사 가능), 그리고 중개인을 위한 1,200,000개의 보통주가 포함됩니다.
회사는 플로우스루 수익 중 CAD$1,000,000을 무스헤드 금 자산에 할당할 계획이며, 나머지는 플뢰르 드 리스 및 크리플백 프로젝트에 사용될 것입니다. 이 자금은 2025년 12월 31일까지 발생해야 하는 플로우스루 광업 비용으로 자격이 있는 캐나다 탐사 비용에 사용될 것입니다.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) a clôturé la première tranche de son financement sans intermédiaire, levant CAD$1,421,250. La société émet 35,400,000 actions flow-through à CAD$0,04 l'action et 150,000 actions ordinaires non flow-through à CAD$0,035. Le financement comprend CAD$42,000 de frais pour les intermédiaires, 1,050,000 bons de souscription pour courtiers exerçables à CAD$0,06 pendant un an, et 1,200,000 actions ordinaires pour les intermédiaires.
La société prévoit d'allouer CAD$1,000,000 des produits des actions flow-through à la propriété aurifère de Moosehead, le reste étant dédié aux projets Fleur de Lys et Crippleback. Les fonds seront utilisés pour des dépenses d'exploration canadiennes qualifiant comme des dépenses de mining flow-through, qui doivent être engagées d'ici le 31 décembre 2025.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) hat die erste Tranche ihrer nicht vermittelte Finanzierungsrunde abgeschlossen und CAD$1,421,250 gesammelt. Das Unternehmen emittiert 35.400.000 Flow-Through-Aktien zu je CAD$0,04 und 150.000 nicht flow-through Stammaktien zu je CAD$0,035. Die Finanzierung umfasst CAD$42.000 in Vermittlungsgebühren, 1.050.000 Broker Warrants, die für ein Jahr zu CAD$0,06 ausgeübt werden können, sowie 1.200.000 Stammaktien für die Vermittler.
Das Unternehmen plant, CAD$1.000.000 der Erlöse aus den Flow-Through-Aktien in das Goldprojekt Moosehead zu investieren, während der Rest in die Projekte Fleur de Lys und Crippleback fließen wird. Die Mittel werden für kanadische Explorationsausgaben verwendet, die als Flow-Through-Bergbauausgaben qualifizieren, die bis spätestens 31. Dezember 2025 anfallen müssen.
- Secured CAD$1,421,250 in new financing
- CAD$1,000,000 allocated for Moosehead gold property exploration
- Flow-through structure provides tax benefits to investors
- Significant share dilution with issuance of 35,550,000 new shares
- Additional dilution from 1,050,000 broker warrants and 1,200,000 finder shares
- Mandatory exploration spending deadline by December 31, 2025
ST. JOHN'S, NL / ACCESSWIRE / December 17, 2024 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF)("Sokoman" or the "Company") is pleased to announce that further to its December 4, 2024 news release, the Company has received conditional approval from the TSX Venture Exchange (the "Exchange") for its non-brokered flow-through and hard-dollar financing (the "Financing") and will be closing the first tranche of the Financing for aggregate gross proceeds of CAD
The Company will now issue 35,400,000 CAD
The Company is also issuing 150,000 CAD
In connection with the Financings, the Company is paying cash finders' fees totaling CAD
All securities issued pursuant to the Financing are subject to a four-month and one-day hold period.
Final approval of the Financing is subject to Exchange approval.
The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT shares, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on or before December 31, 2025, and to renounce all of the Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2024.
The Company intends to spend CAD
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the
In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement please refer to the Company's press release dated October 11, 2023.
Projects optioned with optionee fully vested are:
East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus
1% NSR)Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus
1% NSR)
The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years.
For more information, please contact:
Timothy Froude, P.Geo., President & CEO
T: 709-765-1726
E: tim@sokomanmineralscorp.com
Cathy Hume, VP Corporate Development, Director
T: 416-868-1079 x 251
E: cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
SOURCE: Sokoman Minerals Corp.
View the original press release on accesswire.com
FAQ
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