Latest news with #Company
Hamilton Spectator
9 minutes ago
- Business
- Hamilton Spectator
Volatus Announces Closing of Previously Announced Upsized and Fully Subscribed LIFE Offering of $5,000,000
Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, June 27, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) ('Volatus' or the 'Company') is pleased to announce that it has closed its previously announced upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the 'LIFE Offering'). The Company issued 25,000,000 units of the Company ('Units') at a price of $0.20 per Unit for gross proceeds of $5,000,000. Each Unit is comprised of one common voting share in the capital of the Company ('Common Share') and one-half of one Common Share purchase warrant of the Company (each whole warrant, a 'Warrant'). Each Warrant entitles the holder thereof to purchase one Common Share (each, a 'Warrant Share') at an exercise price of $0.30 per Warrant Share for a period of 36 months following the date of issuance. The Company intends to use the net proceeds of the LIFE Financing for expansion into global markets, investment into Arctic and remote operations infrastructure, inventory, and general corporate and working capital purposes. In connection with the LIFE Offering, the Company paid an aggregate of $300,000 as finder's fees to certain persons who assisted the Company with the LIFE Offering. The LIFE Offering is subject to final approval of the TSX Venture Exchange ('TSXV'). The Units issued under the LIFE Offering were offered to purchasers pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued to such purchasers are not subject to a hold period pursuant to applicable Canadian securities laws. There is an Offering Document related to the LIFE Offering that can be accessed under the Company's profile at and on the Company's website at . This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the '1933 Act') or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. About Volatus Aerospace Inc. Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit . Forward-Looking Statements Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding TSXV approval of the LIFE Offering; use of proceeds from the LIFE Offering; and the business, strategy, products, corporate vision, plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'predicts', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals, including but not limited to approval of the TSXV. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at . Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. For further information, please contact: Abhinav Singhvi, CFO of Volatus +1 833-865-2887 Neither 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.
Cision Canada
26 minutes ago
- Business
- Cision Canada
NORTHCLIFF ANNOUNCES CLOSING OF $1.2 MILLION PRIVATE PLACEMENT FINANCING
VANCOUVER, BC, June 27, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that further to its press release dated June 19, 2025, it has closed a non-brokered private placement (the "Private Placement") of 19,842,128 common shares of the Company at a price of $0.06 per common share for gross proceeds to the Company of $1,190,527.68. Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. Andrew Ing Chairman, President & CEO
Times
an hour ago
- General
- Times
British bonds are beginning to turn heads — should I be looking?
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Cision Canada
an hour ago
- Business
- Cision Canada
Early Warning Report Issued Pursuant to National Instrument 62-103 in Connection with the Acquisition of Shares of PUDO Inc.
TORONTO, June 27, 2025 /CNW/ - Richard Cooper (" Mr. Cooper"), announces that he has filed an early warning report (the " Early Warning Report") under National Instrument 62-103 — The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for himself and for a joint actor, Cardinal Couriers Ltd. (" Cardinal" and together with Mr. Cooper, the " Acquirors") in connection with the acquisition of common shares (" Shares") of PUDO Inc. (the " Company"). Mr. Cooper controls Cardinal. Cardinal On March 1, 2023, as a result of an amalgamation (" Amalgamation") of RHC Spitfire Corporation (" Spitfire") and GCC Ferrari Corp. with Cardinal, Cardinal acquired 1,489,314 Shares. No amount was given for the Shares acquired pursuant to the Amalgamation. Prior to the Amalgamation, Cardinal held 2,476,292 Shares representing 9.1 % of the outstanding Shares of the Company. Immediately after Amalgamation, Cardinal held 3,965,606 Shares representing 14.5 % of the outstanding Shares of the Company. On March 7, 2025, the Company settled (" 2025 Settlement") certain debt owed by the Company to Cardinal by issuance of 1,877,511 Shares. The total value of the debt subject to the 2025 Settlement was $253,463, which represented a value of $0.135 per Share. Prior to the 2025 Settlement, Cardinal held 3,965,606 Shares representing 14.5% of the outstanding Shares of the Company. Immediately after Settlement, Cardinal held 5,843,117 Shares representing 17.6% of the outstanding Shares of the Company. Mr. Cooper On November 7, 2019, the Company settled (" 2019 Settlement") certain debt owed by the Company to (i) Cardinal by issuance of Shares resulting in the issuance of 1,715,555 Shares, and (ii) Spitfire by issuance of Shares resulting in the issuance of 111,111 Shares. Immediately prior to November 7, 2019, Mr. Cooper, who controls Spitfire and Cardinal, held directly and indirectly, a total of 670,645 Shares representing 4.0% of the outstanding Shares of the Company . Mr. Cooper then indirectly, through Cardinal and Spitfire pursuant to the 2019 Settlement, acquired 1,826,666 Shares. Immediately after the 2019 Settlement, Mr. Cooper directly and indirectly held 2,497,311 Shares representing 11.6% of the outstanding Shares of the Company. Mr. Cooper, immediately before March 1, 2023, directly and indirectly held a total of 2,803,161 Shares representing 10.3% of the outstanding Shares of the Company. As a result of the Amalgamation, Mr. Cooper indirectly acquired 1,489,314 Shares. Immediately after Amalgamation, Mr. Cooper directly and indirectly held 4,292,475 Shares representing 15.7 % of the outstanding Shares of the Company. Mr. Cooper, immediately before March 7, 2025, directly and indirectly held a total of 4,292,475 Shares representing 15.7% of the outstanding Shares of the Company. Mr. Cooper then indirectly, through Cardinal pursuant to the 2025 Settlement, acquired 1,877,511 Shares. Immediately after the 2025 Settlement, Mr. Cooper directly and indirectly held 6,354,986 Shares representing 19.1 % of the outstanding Shares of the Company. The Acquirors may acquire additional securities of the Company, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions and other relevant factors.
Cision Canada
an hour ago
- Business
- Cision Canada
Getchell Gold Corp. Announces Grant of Incentive Stock Options
VANCOUVER, BC, June 27, 2025 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the"Company") is pleased to announce that it has granted an aggregate of 700,000 incentive stock options (the " Options") under the Company's omnibus equity incentive plan, and granted a cash bonus of $46,000 to Capital Markets Advisory CA ("CMA"). The Options are comprised of 200,000 incentive stock options exercisable at a price of $0.23 and 500,000 exercisable at a price of $0.30 per common share, all Options will have a two-year term from the date of grant and will vest immediately. The Options are subject to the terms and conditions prescribed by the CSE and applicable securities laws. Capital Markets Advisory CA, an arm's length party, is engaged to provide communications services to the Company (see Company news release dated October 21, 2024). Based in Toronto, Capital Markets Advisory CA has over 35 years of mining experience with a strong track record of success in assisting junior high-growth mining companies. Karen Mate, Founder of CMA CA, continues to work closely with Getchell's senior management to develop and implement an aggressive and comprehensive investor relations strategy. CMA's goal is to increase visibility and generate interest in the Company within the investment community. About Getchell Gold Corp. The Company is a Nevada focused gold exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold Corp. is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate and recently published Preliminary Economic Assessment. The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to investment interest and success. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
