Mining companies Defiance Silver and Marimaca Copper have announced significant private placements to bolster their operations. Defiance Silver aims to raise up to C$8 million through a brokered offering, while Marimaca Copper plans a US$17.7 million non-brokered placement, primarily backed by existing insider shareholders and a new institutional investor. These funds are earmarked for exploration, project advancement, and general corporate purposes.
Defiance Silver Corp. has entered into an agreement with Red Cloud Securities Inc. for a "best efforts" private placement. The offering involves the sale of up to 32,000,000 units at C$0.25 per unit, aiming for gross proceeds of up to C$8,000,000. Each unit comprises one common share and one-half of one common share purchase warrant.
Marimaca Copper Corp. announced a non-brokered private placement of 5,311,416 common shares at C$4.60 per share, targeting gross proceeds of approximately US$17,700,000 (C$24,433,000). The placement is primarily subscribed by existing insider shareholders, Assore International Holdings Limited (AIH) and Ithaki Limited, along with an additional institutional investor.
Both companies emphasize the strategic importance of these capital raises. For Marimaca Copper, the continued support from cornerstone shareholders and the introduction of new blue-chip funds underscore confidence in the Marimaca Project's long-term potential. Defiance Silver's offering will enable critical exploration and resource estimation work, advancing its Mexican projects. These financings are crucial for funding ongoing operations and development initiatives in the mining sector.
International Resources Holding (IRH) to acquire a majority stake in Alphamin Resources Corp. from Tremont Master Holdings for C$503.3 million, strengthening IRH's position in the global industrial metals sector.
International Resources Holding (IRH) to acquire a majority stake in Alphamin Resources Corp. from Tremont Master Holdings, strengthening its position in the global industrial metals sector.
International Resources Holding (IRH) to acquire a majority stake in Alphamin Resources Corp. from Tremont Master Holdings for C$503 million, strengthening IRH's position in the global industrial metals sector.
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