Alight this 8K thing has been bothering me regarding the private placement. This is my interpretation below.
8K
December 21, 2021, Reliance Global Group, Inc., entered into an Asset Purchase Agreement with Healthcare Insurance Company, LLC for a purchase price of $16,638,750 in cash and shares of common stock of the Company worth $2,936,250 (valued based upon the average closing price of a share of the Company's common stock for 180 trading days prior to closing) to be issued. Closing shall take place on or before April 1, 2022 and is contingent upon the Company's ability to close on financing proceeds sufficient to pay the cash purchase price for the business being sold plus working capital.
On December 22, 2021, the Company and the Seller entered into an Amendment to the Asset Purchase Agreement.... the cash portion of the purchase price is increased to $18,138,750, and the total purchase price is increased to $20,096,250; and (ii) the number of shares of Company common stock being issued is reduced to 1, 957,500, with half being released from lockup on December 21, 2022 and the balance being released from lockup on December 21, 2023.
- I would assume there would be some sort of SEC filing regarding them purchasing the company. They also have until April 1, 2022 to close. So I'm not worried about the company dumping the shares. I'm sure this purchase may take a little time.
PRIVATE PLACEMENT
On December 22, 2021, the Company entered into a securities purchase agreement with several institutional buyers for the purchase and sale of warrants (the Series B Warrants) to purchase an aggregate of up to 9,779,952 shares of the Company's common stock, (ii) an aggregate of 2,670,892 shares of Common Stock , and (iii) 9,076 shares of the Company's newly-designated Series B convertible preferred stock, with a stated value of $1,000 per share, initially convertible into an aggregate of 2,219,084 shares of Common Stock at a conversion price of $4.09 per share in a private placement . The aggregate purchase price for the Common Shares, the Preferred Shares and the Warrants is approximately $20,000,000.
**Each Buyer shall receive Series B Warrants that are exercisable into a number of shares of Common Stock equal to 200% of the sum of the (i) Common Shares to be issued to such Buyer at the closing, and (ii) Conversion Shares initially issuable upon conversion of the Preferred Shares to be issued to such Buyer at the closing, at the i
... keep reading on reddit ➡Summa Silver Corp ($SSVR.v $SSVRF) is a Canadian junior mineral exploration company with a US focus on silver and gold development. It's assets consist of the Hughes Property in Central Nevada and the Mogollon Property in southwestern New Mexico.
$SSVR recently increased the size of its private placement offering for gross proceeds of up to $10M following the participation of First Majestic Silver Corp and Eric Sprott in the offering. This represents a significant endorsement of SSVR's ongoing work and future potential at its silver projects.
The net proceeds are expected to be used for exploration, corporate development, and general working capital purposes; plus, the closing of the offering is expected to occur on February 10, 2022.
This news comes shortly after $SSVR provided an update on exploration activities and results at its Mogollon Property. The results showed multiple samples returning high grades which exceeded 1,000 g/t AgEq and locally exceeded 5,000 g/t AgEq. The presence of widespread high-grade silver and gold confirms Mogollon Property as a mineralized high-grade precious metal district.
$SSVR expects 2022 to be a transformative year as they push towards mineral resource estimates following the extensive drill programs they have planned.
$SSVR closed in the green today at $0.98 with a $62.69M MC.
https://finance.yahoo.com/news/summa-silver-samples-multiple-undrilled-123500672.html
If you would be interested in any venture capital or private placing investment please upvote, comment or message me.
Working on a new project and would like some early members to get a sense of the market.
They must be worried that ISPC is going to run. $21 million capital raise is super bullish.
Trigon Metals ($TM.v $PNTZF) is an emerging copper and silver producer in Africa; its projects include the Kombat Mine and Gross Otavi in Namibia and the Silver Hill copper-silver exploration project in Morocco.
Yesterday, $TM announced the upsizing of its non-brokered private placement due to high investor demand. It has been upsized from total gross proceeds of up to $2M to total gross proceeds of up to $4M.
The closing of the offering is expected to occur on or about January 20, 2022, and the company intends to use the net proceeds from the offering for the recommencement of mining at the Kombat mine.
This comes shortly after $TM announced the first copper concentrates were produced at the Kombat Mine, a huge milestone for the company. The concentrate exceeded the expectations of management with satisfactory copper grades approaching 20% copper and over 600 g/t silver.
A declaration of full commercial production is forecasted for March 2022 as mine production is optimized. The Kombat mine has a potential life of mine of 5 years, mining a total of 1.5Mt ore at an average grade of 1.14% copper and 7.49 g/t silver.
$TM is trading in the green today and up almost 5% so far, at $0.435 with a $69.39M MC
Article on upsizing: https://finance.yahoo.com/news/trigon-announces-upsizing-private-placement-220000211.html
Article on concentrate production: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/399-tsx-venture/tm/113418-trigon-announces-first-concentrate-production-at-kombat-mine-namibia.html
Video announcement of copper concentrate production: https://www.youtube.com/watch?v=9j6kTUdg2K0&ab_channel=TrigonMetals
(CSE: ST) (OTCQB: STUPF)
StraightUp Resources has closed the third tranche of its non-brokered private placement.
The Company raised a total of $220,000 through the issuance of 100,000 flow through common shares at a price of $0.20 per flow through share and 1,000,000 units at a price of $0.20 per unit.
The company also made some more big moves in accordance with the company’s stock option plan, it has granted to certain of the company’s consultants, employees, officers and directors incentive stock options to purchase up to an aggregate of 2,660,000 common shares exercisable on or before January 27, 2027 at a price of $0.14 per share
Big news for the company closing the third tranche non-brokered private placement lookout for StraightUp to be on the rise this year.
Source:https://ca.finance.yahoo.com/news/straightup-resources-closes-third-tranche-211400422.html
This is NOT financial advice, always do your own research!
MIAMI, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Longeveron Inc. (NASDAQ: LGVN) ("Longeveron" or "Company"), a clinical stage biotechnology company developing cellular therapies for chronic aging-related and life-threatening conditions, today announced that it entered into a securities purchase agreement with certain institutional investors to purchase approximately $20.5 million worth of its common stock and warrants in a private placement.
Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 1.17 million shares of its common stock and warrants to purchase 1.17 million shares of common stock. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $17.50 per share. The warrants will expire five years from the date of issuance. The purchase price for one share of common stock and one corresponding warrant will be $17.50. The gross proceeds to the Company from the private placement are estimated to be approximately $20.5 million before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about December 3, 2021, subject to the satisfaction of customary closing conditions.
Longeveron intends to use the net proceeds from the private placement to support the ongoing clinical development of Lomecel-B, the Company’s lead investigational product, which is currently being evaluated as a potential therapeutic for Hypoplastic Left Heart Syndrome, Aging Frailty Alzheimer’s Disease and other diseases. In addition, the Company plans to use the proceeds to fund additional research and development, product development, and for general and administrative purposes.
EF Hutton, division of Benchmark Investments, LLC, is acting as exclusive placement agent for the offering.
The shares of common stock and warrants described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the SEC covering the resale of the shares of common stock and the shares issuable upon exercise of the warrants.
This press release shall not constitute a
... keep reading on reddit ➡For those of you who mistakenly thought the Private Placement was dilution, it is over now. You can come back into the fold.
(TSX-V:PINK)(OTC:PYNKF) (FSE:4PC)
Perimeter Medical Imaging announced the closing of its private placement of units for gross proceeds of C$48.7 million to the Company. The Private Placement included the C$43.4 million strategic investment in the Company by Social Capital.
Amazing to see the company taking some good steps and even the company itself is excited for what's to come in the future, I think we all should be as well, just keep this company on your lookout list.
Source:https://finance.yahoo.com/news/perimeter-medical-imaging-ai-announces-133000834.html
This is NOT financial advice, always do your own research
Shows great confidence that Eric Sprott increased his position in Summa Silver and even more reassuring that the $3.41Billion dollar Silver major First Majestic Silver is taking equity exposure too. If anyone's looking for a high potential low risk Silver company this is it imo. SSVRF is their OTC ticker.
This is bullish news, and a bear trap. Just wait.
TORONTO, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (TSXV: AMX) is pleased to announce that it has entered into an agreement with PI Financial Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 7,000,000 flow-through common shares (the “Flow-Through Shares”) of the Company, at a price per Flow-Through Share of $4.82 (the “Issue Price”), for gross proceeds of C$33,740,000 (the "Offering").
The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).
The Company has also granted the underwriters an option to purchase up to an additional 15% Flow-Through Shares to cover over-allotments, exercisable in whole or in part at any time prior to the closing date of the Offering.
The gross proceeds from the sale of the Flow-Through Shares will be used for general exploration expenditures on Amex’s properties located in Quebec.
The Offering is scheduled to close on or about February 15, 2022, or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.
In connection with the Offering, the underwriters will receive on closing of the Offering a cash commission of 6.0% of the gross proceeds of the Offering, other than for purchasers on a president’s list, for which a cash fee of 3.0% of the aggregate proceeds of the Flow-Through Shares will be paid. The same commission shall be paid to the underwriters in connection with any Flow-Through Shares issued or sold pursuant to the exercise of the underwriters’ option.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Amex
Amex Exploration Inc. is a junior m
(TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY)
Lucky Minerals has closed a non-brokered private placement consisting of 22,353,278 units of the Company at a price of CDN$0.09 per Unit for gross proceeds of CDN$2,011,795.02.
The net proceeds of the Offering will be used to complete a 3,000 metre drill program on the Company's Fortuna Project which will help the company a ton with completion of the project huge move for these guys!
Lucky Minerals is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits.
Source:https://finance.yahoo.com/news/lucky-announces-closing-non-brokered-002000968.html
This is NOT financial advice, always do your own research!
Invitation to buy shares in Fastbase Inc. with discount in this special private placement round.
https://fastbase.com/investor/reservation
Fastbase is listed on the OTC Stock Market in New York, as the fastest growing SaaS web analytics and lead generation tool built upon Google Analytics.
You have the opportunity to purchase up to 10,000 shares at US$ 1.95 per share including discount on a first come first serve basis.
The closing date for reserving shares is February 15, 2022.
To reserve your shares now, use the share reservation form.
Data analytics is key to the success of Fastbase - extending the power of marketing into digital sales. Matching analytical data from Google search with data from Fastbase’s proprietary database (one of the most comprehensive business databases in the world) provides Fastbase customers with “cultivated data”.
Summa Silver Corp ($SSVR.v $SSVRF) is a Canadian junior mineral exploration company with a US focus on silver and gold development. It's assets consist of the Hughes Property in Central Nevada and the Mogollon Property in southwestern New Mexico.
$SSVR recently increased the size of its private placement offering for gross proceeds of up to $10M following the participation of First Majestic Silver Corp and Eric Sprott in the offering. This represents a significant endorsement of SSVR's ongoing work and future potential at its silver projects.
The net proceeds are expected to be used for exploration, corporate development, and general working capital purposes; plus, the closing of the offering is expected to occur on February 10, 2022.
This news comes shortly after $SSVR provided an update on exploration activities and results at its Mogollon Property. The results showed multiple samples returning high grades which exceeded 1,000 g/t AgEq and locally exceeded 5,000 g/t AgEq. The presence of widespread high-grade silver and gold confirms Mogollon Property as a mineralized high-grade precious metal district.
$SSVR expects 2022 to be a transformative year as they push towards mineral resource estimates following the extensive drill programs they have planned.
$SSVR closed in the green today at $0.98 with a $62.69M MC.
https://finance.yahoo.com/news/summa-silver-samples-multiple-undrilled-123500672.html
Summa Silver Corp ($SSVR.v $SSVRF) is a Canadian junior mineral exploration company with a US focus on silver and gold development. It's assets consist of the Hughes Property in Central Nevada and the Mogollon Property in southwestern New Mexico.
$SSVR recently increased the size of its private placement offering for gross proceeds of up to $10M following the participation of First Majestic Silver Corp and Eric Sprott in the offering. This represents a significant endorsement of SSVR's ongoing work and future potential at its silver projects.
The net proceeds are expected to be used for exploration, corporate development, and general working capital purposes; plus, the closing of the offering is expected to occur on February 10, 2022.
This news comes shortly after $SSVR provided an update on exploration activities and results at its Mogollon Property. The results showed multiple samples returning high grades which exceeded 1,000 g/t AgEq and locally exceeded 5,000 g/t AgEq. The presence of widespread high-grade silver and gold confirms Mogollon Property as a mineralized high-grade precious metal district.
$SSVR expects 2022 to be a transformative year as they push towards mineral resource estimates following the extensive drill programs they have planned.
$SSVR closed in the green today at $0.98 with a $62.69M MC.
https://finance.yahoo.com/news/summa-silver-samples-multiple-undrilled-123500672.html
(TSX-V:PINK)(OTC:PYNKF) (FSE:4PC)
Perimeter Medical Imaging announced the closing of its private placement of units for gross proceeds of C$48.7 million to the Company. The Private Placement included the C$43.4 million strategic investment in the Company by Social Capital.
Amazing to see the company taking some good steps and even the company itself is excited for what's to come in the future, I think we all should be as well, just keep this company on your lookout list.
Source:https://finance.yahoo.com/news/perimeter-medical-imaging-ai-announces-133000834.html
This is NOT financial advice, always do your own research
