Latest news with #Depositary
Yahoo
6 days ago
- Business
- Yahoo
Benz Announces Closing Final Tranche of A$13.5M Financing
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to advise that, further to its announcements dated April 15, 2025 and April 27, 2025, in relation to the private placement for 33,750,750 new fully paid CHESS Depositary Interests (CDIs) in the Company at an issue price of A$0.40 (C$0.35452) per CDI to raise A$13,500,300 (C$11,965,315.89) (before costs) (Placement), it has successfully completed Tranche 2 of the Placement (Tranche 2 Placement), being the final tranche of the Placement. As previously announced, Tranche 1 of the Placement consisted of 28,722,000 CDIs at a price of A$0.40 per CDI to raise A$11,488,800 (C$10,182,523.44) (before costs) and was completed on April 27, 2025 (Tranche 1 Placement). Each CDI represents one underlying common share in the Company on a one for one basis. All of the securities issued in connection with the Placement are subject to a statutory hold period in Canada of four months and one day from the date of their issuance. Under the Tranche 2 Placement, which received shareholder approval at the special meeting of the Company's shareholders held on June 27, 2025 (AWST), Spartan Resources Limited (Spartan) subscribed for 5,028,750 CDIs at a price of A$0.40 per CDI to raise A$2,011,500 (C$1,782,792.45) (before costs). Accordingly, Spartan has maintained its~14.91% shareholding in the Company. The participation by Spartan in the Placement is a "related party transaction" as defined under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any CDIs issued to or the consideration paid by Spartan exceeds 25% of the Company's market capitalization. As previously announced, net proceeds from the Placement will be primarily used to accelerate exploration activities at Benz's 100% owned Glenburgh Gold Project, including follow-up RC and diamond drilling programs to test high-grade extensions at Zone 126 and other high priority targets, geological modelling, and associated fieldwork, as well as for the commencement of exploration activities at the Egerton Gold Project, including targeting high-grade near-surface mineralisation with RC drilling, mapping, and geochemical surveys to refine future drill programs. Additionally, a portion of the proceeds will also be used to undertake a scoping study at the Eastmain Gold Mine in Quebec and for general working capital purposes. The Placement remains subject to the final approval of the TSX Venture Exchange. As previously announced, Euroz Hartleys Limited acted as Lead Manager and Tamesis Partners LLP acted as Co-Manager to the Placement, and they were paid a commission in relation to the Tranche 1 Placement in the amount of A$689,328 (C$610,952) (plus GST). No finder's fees or commissions will be paid in relation to the Tranche 2 Placement. Australian dollar amounts disclosed above were converted into Canadian dollars using the Bank of Canada's exchange rate posted on April 15, 2025 of A$1 = C$0.8863. This announcement has been approved for release by the Board. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia. Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. To view an enhanced version of this graphic, please visit: For more information, please visit: Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively, Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the use of proceeds from the Placement, planned exploration and related activities on the Eastmain Gold Mine and the Glenburgh and Mt Egerton projects, including the anticipated benefits thereof, and the final approval of the Placement by the TSX Venture Exchange. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to: that the tenements associated with the Glenburgh and Mt Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or renewed, as applicable, in a timely manner and on reasonable terms; all conditions for completion of the Placement, including final approval of the TSX Venture Exchange for the Placement, will be satisfied in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved; and, the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-Looking Information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such Forward-Looking Information. Factors that could cause the Forward-Looking Information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-Looking Information in this news release is based on reasonable plans, expectations, and estimates of management as at the date the information is provided, and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. 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 ACCURACY OR ADEQUACY OF THIS RELEASE. To view the source version of this press release, please visit
Yahoo
09-06-2025
- Business
- Yahoo
Solis Minerals Seeks Delisting from TSXV
HIGHLIGHTS Solis Minerals has sought a delisting from the TSXV with the ASX to become the primary exchange. TSXV shareholders, on the Canadian share register, may convert their shares into CDIs held in Australia and trade the CDIs on the ASX. TSXV shareholders reflect approximately eight per cent of the Company's securities following Solis Minerals' placement in February 20251. A single, primary listing on the ASX, with a proposed re-domiciliation of the Company to Australia, will reduce corporate costs and governance considerations to better focus resources on exploration. West Leederville, Western Australia--(Newsfile Corp. - June 9, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) ("Solis Minerals" or the "Company") announces that it has applied to the TSX Venture Exchange ("TSXV") to voluntarily delist the common shares of the Company (the "Delisting"). Solis Minerals believes that the Company's shares and overall liquidity will benefit from a centralised focus on the Australian Securities Exchange ("ASX"). Additionally, cost and governance efficiencies will be realised through one primary listing. Instructions regarding the process of converting common shares (the "Shares") into "CHESS Depositary Interests" ("CDIs"), enabling them to be traded on the ASX, may be found below. The Delisting is subject to final approval by the TSXV. The Company expects the Delisting to occur on or around June 23, 2025 (the "Delisting Date"). The Company also announces that, in connection with the Delisting, it expects to proceed with a re-domiciliation of the Company to Australia (the "Re-Domiciliation"). The Re-Domiciliation will be subject to the approval of the Company's shareholders and applicable regulatory approvals. Further details regarding the Re-Domiciliation will be made in a subsequent press release. Chief Executive Officer, Mitch Thomas commented: "We believe that streamlining our listing structure is in the best interests of all shareholders, as it will enhance ASX share liquidity and lower administrative costs associated with maintaining a dual-listing structure between Australia and Canada. We welcome existing TSXV shareholders to convert their shares to CDIs. Instructions on how to do so are included on the following page. This change will release more resources to focus on exploration of our highly attractive copper-gold projects in southern Peru. The commencement of drilling last week at Chancho al Palo - with Ilo Este to follow shortly - marks the start of a very exciting period of news flow for shareholders." Instructions for Canadian shareholders to Convert their Shares into CDIs If a shareholder wishes to trade on the ASX, they will need to request to convert, on a 1:1 basis, their unrestricted Shares held on the Canadian share register into CDIs held in Australia. This can be done in one of the following ways: If the Shares are held by the shareholder directly on the Canadian share register in (a) book entry form in the Direct Registration System, or (b) in certificated form, then the shareholder will need to complete and submit a CDI Issuance (Canadian Register to Australian CDI Register) form (the "CDI Issuance Form") to Computershare's Global Transaction Team in Canada ("GT Canada") accompanied by share certificates (if applicable), to the following address:Post: Computershare Investor Services Global Transaction Team100 University Ave, 8th FloorToronto, Ontario, M5J 2Y1 CanadaEmail: CDI Issuance Form can be downloaded from select 'Printable Forms'; select 'Global Transaction Forms'; and choose 'Register Removal Request - Canada to Australia CDIs' For Shares held through the Canadian Depository for Securities ("CDS") with a broker or other intermediary (a "CDS Participant"), the CDS Participant will need to initiate a CDS Stock Withdrawal for the number of Shares to be converted into CDIs. At the same time, the CDS Participant will complete and submit a CA/AU xSettle instruction (or CDI Issuance Form) to GT Canada, with this matched to the withdrawal of the Shares. xSettle is Computershare's secure online cross-border instruction portal used by market participants. Once a valid request is provided to GT Canada, the CDIs will generally be issued in Australia within 1-2 business days (time zones permitting). No CDI issuance fee will be charged to an individual holder for converting Shares into CDIs, however, a cross-border transaction fee may be charged to the holder by any intermediaries (i.e. brokers or custodians) which are involved. For inquiries on the Share to CDI conversion process, shareholders can contact GT Canada: Phone: +1 877 624 5999 Email: . ENDS This announcement has been authorised for release by the Board. ContactMitch ThomasChief Executive OfficerSolis Minerals Limitedmthomas@ 458 890 355 Media & Broker Enquiries:Fiona Marshall & Jason MackWhite Noise Communicationsfiona@ 400 643 799 Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Southern Coastal Belt of Peru and currently holds 81 concessions totalling 69,200 Ha. The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis Minerals is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis Minerals, under its leadership team, is strategically positioned to capitalise on growth opportunities within this mineral-rich region. Forward-Looking Statements This news release contains certain forward-looking statements that relate to future events or performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, the risk that the Delisting does not proceed in the manner contemplated or at all, the risk the Re-Domiciliation does not occur, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. 1 Refer to ASX:SLM Announcement 26 February 2025: "$4.5M Placement Bolsters Funding ahead of Drilling in Peru" To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
07-06-2025
- Business
- Business Insider
Kepler Capital Sticks to Its Buy Rating for Fastned BV Shs Depositary Receipt 1 Shs (FAST)
In a report released on June 5, Robert Vink CFA from Kepler Capital maintained a Buy rating on Fastned BV Shs Depositary Receipt 1 Shs (FAST – Research Report), with a price target of €28.00. The company's shares closed last Thursday at €20.70. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Vink CFA is a 2-star analyst with an average return of 1.5% and a 46.43% success rate. Currently, the analyst consensus on Fastned BV Shs Depositary Receipt 1 Shs is a Moderate Buy with an average price target of €28.00. The company has a one-year high of €25.65 and a one-year low of €14.54. Currently, Fastned BV Shs Depositary Receipt 1 Shs has an average volume of 19.42K.
Yahoo
30-05-2025
- Business
- Yahoo
Robex Announces Completion of Initial Public Offering
Not for release to US wire services or distribution in the United States QUÉBEC CITY, May 30, 2025 (GLOBE NEWSWIRE) -- West African gold producer and developer Robex Resources Inc ('Robex' or the 'Company') (TSX-V: RBX) is pleased to announce that, it has successfully completed an initial public offering on the Australian Securities Exchange (the 'ASX') of 38,585,209 CHESS Depositary Interests ('CDIs') at an issue price of A$3.11 each (~C$2.73), to raise A$120 million (before associated costs) (the 'Offer'). Each CDI represents one underlying common share of Robex. The Company has received approval, subject to the usual conditions, from the ASX to Robex's admission to the Official List and to the Official Quotation of Robex's CDIs. Robex is working with ASX to meet the listing conditions and it is expected that trading in Robex's CDIs (assigned a code of 'RXR') on the ASX will commence on a normal settlement basis on June 5, 2025. The Offer has received conditional TSX Venture Exchange ('TSXV') acceptance, and final approval of the TSXV is subject to receipt by the TSXV of customary closing materials. The net proceeds raised pursuant to the Offer will be used for development of the Kiniero Gold Project, financing costs, corporate costs and working capital, including to partially cover the costs of the Offer. Pursuant to the terms of an underwriting agreement between Robex and the joint lead managers, Euroz Hartleys Limited and Canaccord Genuity (Australia) Limited (the 'JLMs'), with SCP Resource Finance LP appointed as Co-Lead Manager and Blackwood Capital Pty Ltd appointed as Co-Manager to the Offer, Robex will pay a cash commission in the amount of A$ 5,4 million (~C$ 4,805,460). Robex's Managing Director and CEO Matthew Wilcox said: 'We're grateful for the completion of our initial public offering on the ASX. This operation is a crucial milestone for Robex Resources Inc and for the development of the Kiniero Gold Project. We have received conditional approval from the ASX and are actively working to meet the listing conditions. We look forward to commencing trading of our CDIs on the ASX and continuing to progress towards production on budget and schedule.' Related Party Transaction Certain directors and officers of the Company participated in the Offer and acquired CDIs. Their participation constitutes a 'related party transaction' within the meaning of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ('MI 61-101'). Such transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person exceeds 25% of the Company's market capitalization. The participants in the Offer and the extent of their participation were not finalized until shortly prior to the completion of the Offer. Accordingly, it was not possible to publicly disclose details of the nature and extent of the related party participation in the Offer prior to completion of the Offer. Each related party transaction under the Offer is described below: (i) Alain William, Chief Financial Officer of the Company, purchased 16,077 CDIs for an aggregate subscription price of A$49,999.47; (ii) Gwendal Bonno, General Manager, People and Communication of the Company, purchased 96,463 CDIs for an aggregate subscription price of A$299,999.93; (iii) Howard Golden, a director of the Company, purchased directly or indirectly 3,215 CDIs for an aggregate subscription price of A$9,998.65; (iv) Dimitrios Felekis, Chief Development Officer of the Company, purchased 48,231 CDIs for an aggregate subscription price of A$149,998.41; (v) Clinton Bennett, Chief Operating Officer of the Company, purchased 9,646 CDIs for an aggregate subscription price of A$29,999.06; and (vi) John Dorward, a director of the Company, purchased directly or indirectly 25,723 CDIs for an aggregate subscription price of A$79,998.53. About Robex Resources Inc. Robex is a multi-jurisdictional West African gold production and development company with considerable exploration potential. The Company is dedicated to safe, diverse and responsible operations in the countries in which it operates with a goal to foster sustainable growth. The Company has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero Project in Guinea. Robex's ambition is to become one of the most important mid-tier gold producers in West Africa. 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. Robex Resources Inc. Matthew Wilcox, Managing Director and Chief Executive Officer Alain William, Chief Financial Officer +1 581 741-7421 Email: investor@ Not an offer of securities This news release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this news release have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws. FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS Certain information set forth in this news release contains 'forward‐looking statements' and 'forward‐looking information' within the meaning of applicable Canadian securities legislation (referred to herein as 'forward‐looking statements'). Forward-looking statements are included to provide information about the Company's management's ('Management's') current expectations and plans that allow investors and others to have a better understanding of the Company's business plans and financial performance and condition. Statements made in this news release that describe the Company's or Management's estimates, expectations, forecasts, objectives, predictions, projections of the future or strategies may be 'forward-looking statements', and can be identified by the use of the conditional or forward-looking terminology such as 'aim', 'anticipate', 'assume', 'believe', 'can', 'contemplate', 'continue', 'could', 'estimate', 'expect', 'forecast', 'future', 'guidance', 'guide', 'indication', 'intend', 'intention', 'likely', 'may', 'might', 'objective', 'opportunity', 'outlook', 'plan', 'potential', 'should', 'strategy', 'target', 'will' or 'would' or the negative thereof or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation, including, without limitation, statements regarding the terms of the Offer. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: risks that the ASX listing may not be completed, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project delays or cost overruns or unanticipated excessive operating costs and expenses, uncertainties related to the necessity of financing, uncertainties relating to regulatory procedure and timing for permitting submissions and reviews, the availability of and costs of financing needed in the future as well as those factors disclosed in other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors are not intended to represent a complete and exhaustive list of the factors that could affect the Company; however, they should be considered carefully. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or Management's estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information.
