Namaste (N:CSE) Closes $129,000 Final Tranche of Financing
Namaste (N:CSE) Closes Final Tranche of Private Placement
– Momentum Public Relations –
Press Release: September 12, 2016
Namaste Technologies Inc. (“Namaste” or the “Company“) (N:CSE)(FRANKFURT:M5BQ) reports that it has closed the final tranche of its non-brokered private placement by issuing 1,075,000 units (“Units“) of the Company for gross proceeds of $129,000. Each Unit consists of one common share of the Company and one common share purchase warrant at an exercise price of $0.18 for a period of 2 years.
In combination with the convertible note announced by the Company on September 7, 2016 and the first tranche closing of the non-brokered private placement, the Company has now secured a total of $1,489,000 to fund the acquisition of VaporSeller, inventory expansion and general corporate purposes.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
- Published in Namaste Technologies, News Home, Technology
MOBI724 Global Solutions (MOS:CSE) Announces $1.0 Million Financing
MOBI724 Global Solutions (MOS:CSE) Announces $1.0 Million Financing
– Momentum Public Relations –
Press Release: September 6, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (MOS:CSE), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that it has authorized and is currently seeking to close private placements in the aggregate amount of 1 million dollars by issuing a maximum of 20,000,000 common shares at $0.05 per share including the discounts allowed by CSE policies. The subscribers shall also be issued one common share purchase warrant for every common share issued at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The common shares shall be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the Canadian Securities Exchange (CSE). The proceeds received will be utilized to support solution deployments as well as supporting the Company’s working capital requirements.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Mobi724 Global Solutions, Mobile Technology, News Home
Equitas Resources Corp. (EQT:V) Announces Non-Brokered Private Placement – Oversubscribed
Equitas Resources Corp. Announces Non-Brokered Private Placement – Oversubscribed
– Momentum Public Relations –
Press Release: July 27, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to announce that the non-brokered private placement that was announced on July 22, 2016 has been oversubscribed.
Subject to acceptance of the TSX Venture Exchange, the Company will close on 6,610,000 units (“Units”) at $0.10 per Unit for proceeds of $661,000 and 1,818,181 Flow-Through Units (“FT Unit”) at $0.11 for proceeds of $200,000 for gross proceeds of $861,000.
Each Unit will consist of one common share and one share purchase warrant (a “Warrant”). Each FT Unit will consist of one common share and one-half of a share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.16 per share for a period of 24 months from closing.
All the securities will be subject to a four-month hold period from the date of closing. There will be no finder’s fee payable.
Proceeds of the private placement will be used for Canadian mineral exploration expenditures, development at the Cajueiro Project in Brazil and for general working capital.
For more information on Equitas Resources Corp., please contact Sean Kingsley, Corporate Communications at 604-681-1568 or skingsley@equitasresources.com.
- Published in Equitas Resources, Mining, News Home
Puma Exploration Reports on New Brunswick Operations
Puma Exploration Reports on New Brunswick Operations
– Momentum Public Relations –
Press Release: July 19, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) (“Puma”) is pleased to report progress on its New Brunswick operations. Puma will maintain its focus in the prolific Bathurst Mining Camp of New Brunswick, while it is currently in the process to sell the Little Stull Lake Gold project in Manitoba, the only project outside New Brunswick.
The Bathurst Mining Camp, famous for its Giant Brunswick 12# Mine, host significant resources that are near surface and within close proximity to all infrastructure’s needed for mine development within the established Canadian mining jurisdiction. Puma’s main active Projects are the Turgeon VMS (Cu-Zn), the Red Brook Skarn (Zn-Cu-Au), the Ann’s Creek Polymetallic Deposits (Ag-Au-Zn-Pb) and the Beresford Copper Porphyry (Mo-Cu). In fact, Puma’s projects in New Brunswick offer a wide range of commodities to investors which are mainly oriented toward base metals (Zinc – Copper) but also give significant exposure to precious metals (Gold – Silver) and to strategic metals (Molybdenum).
With the recent acquisition of the Red Brook, high grade zinc property, Puma is strengthening his high quality base metal projects in its portfolio. Both, Turgeon (Zn-Cu) and Red Brook (Zn) properties will get most of the field exploration during the summer and fall seasons.
Turgeon VMS (Zn-Cu)
Puma’s initiated a drilling program (2,000 meters) is designed to test the first priority targets defined from the recent ground geophysical survey (IP) carried out on the Turgeon VMS (Cu-Zn) project. The survey revealed five (5) first priority untested target anomalies along the favourable horizon and also on new zones never tested. One of those represents a potential major VMS anomaly of a size of 350 meters by 350 meters, open at depth and along strike, located on the extension of the main Dragon hydrothermal alteration zone. The program is still underway and the results will be released when they will come available.
Red Brook Skarn (Zn-Cu-Au)
Red Brook was acquired from a local prospector’s following his recent discovery of high grade Zinc Massive Sulphide outcrop grading up to 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 2.5g/t Ag. The initial excavation, 40 meters by 15 meters area, also contains a Gold and Copper zone grading up-to 1.3 g/t Au and 0.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu (see News 19/01/2016). The mineralization is open in all directions. Currently, Puma’s crew is prospecting and exploring the area in preparation for major stripping program over the main Zinc showing.
Ann’s Creek Polymetallic Lenses (Ag-Au-Zn-Pb)
The mineralized lenses, namely Haché, Shaft, Henry, Henry East, Half Mile and Pine Tree of the Ann’s Creek Property are spread over a distance of 6 kilometers and have received very little advanced exploration work with the exception of the Haché Lens. 3D modelling focusing on the high grade portions of the Haché lens containing at least 300 g/t Ag (10 oz/t) is done and Puma is currently evaluating different scenario’s to develop and benefit from this outcropping high grade Ag-Au-Zn-Pb Haché lens. Also, geologists have prospected and mapped over the other existing lenses and in new areas to define other high grade base and precious metals potential. Results from this work will be released shortly.
Beresford Copper Porphyry (Cu-Mo)
The Beresford Copper Project consists mainly of the large 4 km diameter Nicholas-Denys porphyry intrusion. In 2014, continuous molybdenum, copper and silver mineralization and alteration were intersected over 486.4 meters representing the first discovery of a significant Mo-Cu Porphyry system in New Brunswick. Ten (10) first priority IP targets remain to be drilled. Holes FND14-01 and FND14-02 are located on the northwestern boundary of the 4km diameter ND granodiorite intrusion at the terminus of a NW-SE trending 1km wide by 5 km long fairway defined by drillholes, mineralized trenches and prominent Induced Polarization (“IP”) and magnetic anomalies. Puma is currently seeking a strategic partner to explore and develop the Nicholas-Denys Porphyry system.
Puma also announces the closing of private placement offering with qualified investors, employees, executive officers, directors and consultant in the amount of $545,980. With this placement, Puma Exploration issued 9,099,665 common shares at the price of $0.06 per share and 9,099,665 warrants. Each full warrant gives its holder the right to purchase one common share at a price of $0.10 per share until July 19th, 2018. In connection with this Private Placement, the Company has paid cash finder’s fees in an amount of only $2,558 and issued only 42,640 finder’s warrants will entitle holder to acquire one additional common share of Puma at a price of $0.06 for 24 months.
All securities issued to purchasers and finders under the Offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. These placements have received the conditional approval of the TSX Venture Exchange. The proceeds of the Offerings will be used for the exploration and development of Puma’s properties in New Brunswick and for general purposes of the company. Further to the placement, Puma will hold 131,965,598 shares issued and outstanding common shares.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada.
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
BonTerra Announces Financing
BonTerra Announces Financing
– Momentum Public Relations – June 13th, 2016
BonTerra Resources Inc. (TSX-V: BTR, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that it has arranged, subject to TSX Venture Exchange acceptance, a private placement of up to 5,714,285 non flow-through units (the “NFT Units”) at a price of $0.35 per NFT Unit for total gross proceeds of up to $2,000,000 and up to 7,500,000 flow-through shares (the “FT Shares”) at a price of $0.40 per FT Share for total gross proceeds of up to $3,000,000.
Each NFT Unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one addition common share for a period of two years from the date of issue at a price of $0.50 per share.
Finders’ fees may be payable in whole or in part on the placements pursuant to the policies of the TSX Venture Exchange.Proceeds will be used for qualified exploration expenditures on the Company’s gold projects in Quebec and Ontario and for general working capital.
- Published in BonTerra Resources, Mining, News Home
Sirona Biochem (SBM.V) Announces Close of Financing
Sirona Biochem Announces Close of Financing
– Momentum Public Relations – May 11, 2016
Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) (the “Company“) is pleased to announce that it has closed a private placement in the amount of 4,147,500 units at $0.20 per unit for total gross proceeds of $829,500. Each unit consists of one common share and one-half of one transferable share purchase warrant, each whole warrant exercisable into one additional common share of the Company for a period of two years from the date of issue at a price of $0.30 per share.
The Company paid a total of $24,000 in finder’s fees in connection with the placement.
All securities issued under the placement are subject to statutory hold periods expiring on September 12, 2016.
Proceeds of the placement will be used for research and development purposes and for general working capital.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information please visit www.sironabiochem.com.
- Published in News Home, Sirona Biochem
Dealnet Capital Corp. (DLS.v) Completes $30 Million Private Placement
Dealnet Capital Corp. Completes $30 Million Private Placement
– Momentum Public Relations – Feb. 05, 2016
Dealnet Capital Corp. (“Dealnet” or the “Company“) (TSX VENTURE:DLS) is pleased to announce that it has closed its previously announced private placement financing of subscription receipts (“Subscription Receipts”).
Dealnet issued, on a private placement bought deal basis, 54,545,700 Subscription Receipts at a price of $0.55 per Subscription Receipt (the “Offering Price”) for gross proceeds of $30 million (the “Offering”). The Offering was led by GMP Securities L.P. (“GMP”), Paradigm Capital Inc., Cormark Securities Inc. and INFOR Financial Inc. (collectively, the “Underwriters”).
Michael Hilmer, Dealnet’s Chief Executive Officer, commented: “We are very pleased with the support the market has shown in Dealnet and our strategic plan through this Offering. We remain on track to complete our purchase of EcoHome and significantly increase our loan book and organic origination volumes. The combination of EcoHome and One Dealer Financial Services, our current funding brand, is a powerful growth engine for Dealnet.”
Each Subscription Receipt entitles the holder to receive upon exchange thereof for no additional consideration, one common share of Dealnet in exchange for each Subscription Receipt upon satisfaction of certain escrow release conditions, including the satisfaction or waiver of all conditions precedent (but for the payment of the purchase price) to the closing by the Company of the acquisition of EcoHome Financial Inc. (the “Acquisition”), provided that the conditions have been satisfied by March 31, 2016. Please refer to Dealnet’s press release issued on January 21, 2016 for additional details about the Acquisition.
The Subscription Receipts were issued pursuant to a subscription receipt agreement (the “Subscription Receipt Agreement”) among the Company, GMP and Computershare Trust Company of Canada, as subscription receipt agent. Pursuant to the Subscription Receipt Agreement, the proceeds of the Offering, net of Offering expenses and 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Underwriters’ commission, have been placed in escrow pending delivery of the escrow release notice by the Company.
If the escrow release conditions are satisfied by 5:00 p.m. (Toronto time) on March 31, 2016, the escrowed funds (less the balance of the Underwriters’ commission) will be released to the Company. The Company will use such funds towards the cash portion of the purchase price of the Acquisition, and, any remaining proceeds, for Dealnet’s future growth as well as for general corporate purposes. In the alternative, if: (i) the Acquisition closing does not occur prior to 5:00 p.m. (Toronto time) on March 31, 2016; (ii) the share purchase agreement for the Acquisition is terminated at an earlier date; or (iii) Dealnet announces that it does not intend to proceed with the Acquisition, the subscription receipt agent and Dealnet will return to holders of Subscription Receipts an amount per Subscription Receipt equal to the Offering Price plus a pro rata share of the interest earned on the escrowed funds, if any, net of any applicable withholding taxes.
Certain directors, officers and employees of Dealnet participated in the Offering and purchased Subscription Receipts for gross proceeds of approximately $1.4 million.
In connection with the Offering, the Underwriters are entitled to a cash commission of $0.033 per Subscription Receipt (except with respect to sales to certain specified purchasers agreed upon by the Company and GMP to a maximum of $1,000,000 (the “President’s List”) in respect of which the Underwriters are entitled to a cash commission of $0.0165 per Subscription Receipt) and 3,218,200 non-transferable broker warrants (“Broker Warrants”). 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Underwriters’ commission was paid and 1,609,100 Broker Warrants were issued on the closing of the Offering and the remaining 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the cash commission is payable and 1,609,100 Broker Warrants are issuable on the closing of the Acquisition. Each Broker Warrant is exercisable by the holder for one common share of Dealnet for a period of 18 months following the closing of the Offering at a price of $0.55 per Broker Warrant.
All securities issued in the Offering (including any common shares issued on the exchange of the Subscription Receipts) are subject to a hold period of four months and one day, expiring on June 6, 2016.
The Offering is subject to the final approval of the TSX Venture Exchange.
About Dealnet Capital Corp.
Dealnet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. Dealnet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.
- Published in Dealnet News, Financial Technology, News Home
Equitas (EQT:V) Closes Final Tranche of Financing
Equitas Resources Corp. Closes Final Tranche of Private Placement, Raising over $1.9M
Equitas Resources Corp. has closed the second and final tranche of the private placement that was announced on Sept. 10, 2015. This closing included gross proceeds raised of $309,500.
The company has issued 2,476,000 units at 12.5 cents per unit. Each unit consists of one common share and one share purchase warrant. Every share purchase warrant entitles the holder to purchase one common share at a price of 25 cents for 12 months after the closing.
Combining both tranches, the company issued a total of 10,887,393 units for combined gross proceeds of $1,360,924. In addition, since Sept. 1, 2015, the company has received over $550,000 through the exercise of share purchase warrants and stock options.
All securities hereunder are subject to a four-month-and-one- day hold from the closing date. Finders’ fees paid in conjunction with this closing were $10,625 cash and the issuance of 64,000 share purchase warrants exercisable for 12 months from closing at 25 cents per share.
The proceeds received from the units will be used by the company for continuing exploration and drilling of the company’s Garland nickel project, corporate development, and general and administrative purposes.
DealNet Raises $1.01M From Final Tranche of Private Financing
DEALNET ANNOUNCES FINANCING UPDATE AND ISSUANCE OF STOCK OPTIONS
DealNet Capital Corp. (DLS: CSE) has completed the fourth and final tranche of its private placement that was announced on Nov. 25, 2014.
The closing today resulted in the issuance of 8,015,836 units, consisting of 8,015,836 common shares and 8,015,836 common share purchase warrants. As consideration for the units issued in this closing, the company received subscriptions of $1,019,837 in cash and $503,174 from the full and final settlement of various liabilities owing by the company. The securities issued today will be subject to a hold period until Oct. 18, 2015.
Included in the closing today were subscriptions from insiders totalling $645,000, as well as employees of the company for $46,000. The insiders are related parties of the company under Multilateral Instrument 61-101. The company is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as described in more detail in the material change report to be filed in connection with these financings. Having regard to these exemptions and the company’s desire to close the financings described herein as soon as possible, the company believes that it is reasonable to have closed the private placement fewer than 21 days after the date of this news release.
In connection with this closing, the company incurred finders’ fees of approximately $9,706 and issued 51,086 broker warrants to registered brokers.
The company is also announcing that it intends to complete a non-brokered private placement for up to $1.5-million of convertible debentures. The debentures will mature two years from the date of issue, bear interest at the rate of 12 per cent per annum, payable quarterly, and be secured by the assets of Impact Mobile Inc., a wholly owned subsidiary of the company, subordinated to the secured line of credit of Impact Mobile. The principal amount of the debentures will be convertible at the holder’s option into common shares of the company at a conversion price of 19 cents for each common share. The company may, at its option, redeem any or all of the debentures at any time prior to maturity for the unpaid principal plus accrued but unpaid interest. If the current market price of the common shares on the date which the company provides the redemption notice is not at least 125 per cent of the conversion price, the company must also pay an additional amount equal to 20 per cent of the interest the holder would have received if held until maturity.
The company will use the proceeds of the debenture offering to redeem all its current secured subordinated debentures, which mature on July 29, 2015, along with accrued but unpaid interest, for approximately $1.15-million. The balance will be used for general working capital purposes.
In connection with the debenture offering, the company will pay a finder’s fee, when applicable, of 7 per cent in cash and 7 per cent in warrants (with a term of 18 months and an exercise price of 30 cents) to registered holders.
The company is also announcing, in accordance with the terms of the company’s stock option plan, the issuance of an aggregate 2.55 million stock options to directors of the company. The options will vest over a period of three years and will be exercisable for a period of five years at an exercise price of 21 cents per stock option.
We seek Safe Harbor.
InMed Pharmaceuticals arranges $1-million financing
2015-04-06 11:25 ET – News Release
Mr. Craig Schneider reports
INMED PHARMACEUTICALS, INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR UP TO C$1,000,000
InMed Pharmaceuticals Inc. will conduct a non-brokered private placement of up to four million units at a price of 25 cents per unit for aggregate gross proceeds of up to $1-million. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of 40 cents for a period of 12 months following the closing of the financing.
Completion of the private placement is subject to receipt of regulatory approval. All securities issued will be subject to a statutory four-month hold period under applicable securities laws.
The net proceeds from this private placement will be used for general working capital purposes. Finders’ fees in cash or warrants may be payable in accordance with the policies of the exchange.
We seek Safe Harbor.
- Published in Blog, Life Sciences