Rockridge Resources Ltd. (TSX-V: ROCK) ("Rockridge" or the "Company") is pleased to announce that it has completed a non-brokered private placement financing for total gross proceeds of $2,362,450 (the "Private Placement"). The Company has issued 15,988,335 non flow-through units (the "Units") at a price of CAD $0.09 per Unit and 9,235,000 flow-through units (the "FT Units") at a price of CAD $0.10 per FT Unit.
Each Unit is comprised of one common share and one warrant, each warrant entitling the holder to purchase one additional common share for a period of thirty-six months at a price of CAD $0.15 per share. Each FT Unit is comprised of one common share and one-half of one warrant, each whole warrant entitling the holder to purchase one non-flow through common share for a period of thirty-six months at a price of CAD $0.15. In addition, the Company has paid finder's fees totaling $74,444 and issued an aggregate 762,720 finder's warrants to arm's-length parties, with each finder's warrant entitling the holder to purchase one common share for a period of thirty-six months at a price of CAD $0.15.
The Company intends to use the proceeds from this Private Placement for exploration activities and the upcoming drilling program at its Knife Lake Copper Project in Saskatchewan, as well as for general working capital purposes. The Private Placement is subject to TSX Venture Exchange approval, and all securities issued will be subject to a hold period expiring four months and one day from issuance.
A portion of the Private Placement constitutes a "related party transaction" within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Private Placement.
About Rockridge Resources Ltd.
Rockridge Resources (TSX.V: ROCK) is a public mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. The Company's core copper project is the Knife Lake Project located in Saskatchewan which is ranked as a top mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the large property package. The Company's secondary asset is the Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps. Recently reported drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 metres at a shallow vertical level of 95 metres, which is the best result from the project thus far. Rockridge's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
Additional information about Rockridge Resources and its project portfolio can be found on the Company's website at www.rockridgeresourcesltd.com.
Rockridge Resources Ltd.
"Jonathan Wiesblatt"
Jonathan Wiesblatt
CEO
For further information contact myself or:
Jordan Trimble, President or
Riley Trimble, Corporate Communications
Rockridge Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@rockridgeresourcesltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward Looking Information
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
Rockridge Resources: Exploring in Prolific Mining Jurisdictions in Canada for Copper & Gold
Rockridge Resources Ltd. (TSXV:ROCK) focuses on the acquisition, exploration, and development of mineral resource properties in Canada, with a primary focus on copper. The company’s flagship Knife Lake Project is located in Saskatchewan, ranked third as one of the world’s mining jurisdictions by the Fraser Institute.
In April 2021, Rockridge staked an additional 22,808 hectares at Knife Lake (an increase of 70% on the previous land package) and also expanded its drill program from 1600 meters to 2,100 meters due to encouraging visible mineralization in the preliminary holes, which were drilled at Gilbert Lake North & South, 5-6km to the west of the Knife Lake Deposit.
Rockridge Resources’ Company Highlights
- Rockridge Resources is a mineral exploration company focused on acquiring, exploring and developing mineral resource properties across mining-friendly jurisdictions in Canada.
- The company is currently advancing its large, 55,471 hectare, flagship Knife Lake project in the Flin Flon-Snow Lake mining district on the Saskatchewan side of the border.
- The inaugural Knife Lake NI 43-101 resource estimate includes indicated resources of 3.8 million tonnes at 1.02 copper equivalent and inferred resources of 7.9 million tonnes at 0.67 percent copper equivalent.
- The deposit is a remobilized portion of a presumably larger primary VMS deposit and most of the historical work has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit; there is strong discovery potential in and around the deposit area as well as at regional targets.
- Rockridge is actively advancing and drilling the Knife Lake project through 2021.
- The Company also owns 100% of the Raney gold project SW of Timmins, Ontario. The Raney gold project sits in the Archean Swayze Greenstone Belt as part of the Abitibi Greenstone Belt, which hosts the world-class Timmins and Kirkland Lake lode gold mining camps. Its broad structural corridor contains high-grade gold concentration potential.
- Both properties leverage exceptional mineralization, strategic positioning amongst prominent mining giants and existing infrastructure.
- Rockridge has a world-class management team and boasts a robust mix of experts in capital markets, geology, mineral exploration and management.
- Significant insider ownership and a growing institutional shareholder base.
Avrupa Minerals CEO Paul Kuhn: Drills Turning Soon in 3 Countries
Avrupa Minerals CEO Paul Kuhn: Drills Turning Soon in 3 Countriesyoutu.be
Avrupa Minerals (TSXV:AVU) is in between drilling programs for its projects in Finland and Portugal. CEO Paul Kuhn said the company is going to start drilling as soon as it secures licenses.
“We're producing new drill targets in Finland and in Portugal, and I'm hoping that we can get going on a resource upgrade in Kosovo as soon as we got a partner there,” Kuhn said.
Avrupa Minerals' recent sampling and geochemical results confirm the presence of distal, disseminated volcanogenic massive sulfide (VMS)-style zinc mineralization at the Kolima VMS target in Finland. These suggest well-defined target areas for first-pass drilling when an exploration license is issued.
“Our project in Portugal is called the Alvalade copper-zinc VMS joint venture," Kuhn said. "We have about 500 meters of strike length drilled so far, and there's another 1,500 to go. We have seven or eight other targets; two of them are formerly operating mines. We will get back to our drilling, hopefully, in a couple of months. It's a great joint venture; it's a project that is moving ahead.”
Avrupa reported that recent drilling at Sesmarias North at the Alvalade project in Portugal showed semi-massive to massive sulfide mineralization, including 22.9 meters, from 378.5 meters at 0.48 percent copper, 0.72 grams per metric ton (g/t) gold, 37.7 g/t silver, 1.1 percent lead and 2.17 percent zinc.
“We're also in Kosovo," he said. "We have a partner there, and we made a deal with them to regain the mining license. After a year and a half, the license was reissued and we've got a new exploration permit for seven years.”
The company received its new exploration license in Kosovo covering the Slivova gold prospect and potential extensions covered in a larger license area. According to Khun, the gold resources on the prospect are 640,000 metric tons of 4.8 grams gold at the surface, or about 100,000 ounces of gold and 300,000 ounces of silver.
“For investors, now's a great time. We're in the process of building new targets in three countries. We're going to get back to drilling in Q3 of 2022 and in Q1 of 2023 in Finland. We're doing great work on the geology and we've got targets. We're going to be drilling as soon as we can.”
Watch the full interview of Avrupa Minerals CEO Paul Khun above.
Disclaimer: This interview is sponsored by Avrupa Minerals (TSXV:AVU). This interview provides information that was sourced by the Investing News Network (INN) and approved by Avrupa Minerals in order to help investors learn more about the company. Avrupa Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Avrupa Minerals and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Lundin Mining Announces Updated Share Capital and Voting Rights
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KIPLIN METALS Permitting Exploration Program on Cluff Lake Athabasca, Saskatchewan, Canada
(TheNewswire)

June 29 th 2022 TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the " Company " or " Kiplin ") announces that the Company has applied for the requisite exploration permits for its Summer geophysical program at the Cluff Lake Road (CLR) Uranium Project in northwestern Saskatchewan. Approval for the proposed IP (Induced Polarization) program is expected in the near term. Data from the survey will be integrated with legacy datasets to develop targets for diamond drilling.
The survey is to consist of up to 40-line kilometers, in a roughly east west direction, and will be integrated with data from previous surveys. The purpose of the survey is to define drill targets which are prioritized by radon gas soil anomalies, identified within interpreted faults. The Company is applying for the requisite permits and expects to be drilling within the next 60 days.
The Company has engaged Grander Exploration to manage the program. The Company will provide updates on the timing of its work program as they become available.
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery all the way to production. This vertically integrated strategy allows Kiplin Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.
Cluff Lake Road Uranium Project. Kiplin Metals has the right to earn a one-hundred percent interest in the Cluff Lake Road Uranium Project (the "CLR Project"). The CLR Project covers ~531ha in the southwestern Athabasca Basin in northern Saskatchewan, where several new discoveries, including the Arrow and Tripe R Uranium deposits have been made. The CLR Project is 5km east of the Cluff Lake Road (Hwy 955), which leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000lbs of yellowcake uranium.
Exxeter Gold Project covers an area of 715ha located in Val d'Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d'Or.
For further information, contact the Company at info@kiplinmetals.com , or visit the Company's website at www.kiplinmetals.com .
On behalf of the Board,
For further information, contact the Company at 604-622-1199.
On behalf of the Board of Directors,
"Peter Born"
Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
Copyright (c) 2022 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
VIDEO — Joe Mazumdar: Good vs. Bad Financings — What to Look for When Juniors Raise Money
Joe Mazumdar: Good vs. Bad Financings — What to Look for When Juniors Raise Moneyyoutu.be
Raising money is a key challenge for juniors in today's markets — and even when companies are able to secure funds, it's key to remember that not all financings are equal.
Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Joe Mazumdar, editor of Exploration Insights, shared his thoughts on how investors can differentiate between good and bad financings.
Along with considerations like warrants, he told the Investing News Network that before buying shares of an exploration company it's a good idea to look at when it last went to market.
"With Canadian financings — not Australian or anything like that — they have a four month hold, so those people might sell four months later," he explained. "And so if you're looking (for a good time to come in), hold back, wait for the four month hold to be released, let them sell if they're going to sell and then come in on the back side."
Mazumdar also pointed to share structure, saying it can cause problems even for good assets.
"The share structure is very important, because we've got to take that asset and stick it in that share structure," he said. "And so if the share structure is not very good, it doesn't really matter what the quality of the asset is, because you'll probably lose out in terms of your share price increase, because they'll constantly dilute."
In his opinion, juniors that raised extra money in 2021 are now better positioned than those that only raised enough for one season, which is what companies typically do.
"Some of them raised for two years, and now they don't have to worry about what's happening with the volatility in the current market because they're past that," Mazumdar said. "And so I think that trend of raising much more than you need is good given the volatility in the market if you're a non-cash-flowing company."
Watch the interview above for more from Mazumdar on the junior resource sector, as well as on copper. You can also click here for our recap of PDAC, and here for our full PDAC playlist on YouTube.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Teck Named to 2022 Best 50 Corporate Citizens in Canada
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has been named to the Best 50 Corporate Citizens in Canada ranking as one of the top 50 companies in Canada for corporate citizenship. This marks the 16th consecutive year Teck has been named to the Best 50 by Corporate Knights.
"This acknowledgment is really a reflection of the dedication and passion of Teck's employees, who are focused on caring for people, communities and the environment in every aspect of their work," said Don Lindsay, President and CEO. "Teck is committed to being a positive corporate citizen while responsibly producing the materials needed to build a better quality of life for people around the world and support the low-carbon transition."
The Best 50 Corporate Citizens in Canada are each evaluated on a set of up to 24 environmental, social and governance indicators including board diversity, resource efficiency, financial management, and clean revenue. For more information about the Best 50 Corporate Citizens in Canada and the full rankings, visit https://www.corporateknights.com/rankings/best-50-rankings/2022-best-50-rankings/ .
Teck has set ambitious targets in sustainability, including being carbon neutral by 2050. For more information on our sustainability goals and performance, visit www.teck.com/responsibility .
Corporate Knights also named Teck as one of the 2022 Global 100 Most Sustainable Corporations for the fourth straight year. Teck is the industry leader in the Metals and Mining industry on S&P's Corporate Sustainability Assessment and Moody's ESG rates Teck first among North American metals & mining companies. Teck is also currently listed on the MSCI World ESG Leaders Index, FTSE4Good Index, Bloomberg Gender Equality Index and Jantzi Social Index.
About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .
Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
fraser.phillips@teck.com
Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com
News Provided by GlobeNewswire via QuoteMedia
Cyprium Metals Ltd $16m Placement and $10m Non-renounceable Entitlement Offer
HIGHLIGHTS
- Firm commitments received for a Placement to raise $16M at 11.5 cents per share
- Additional pro rata non-renounceable entitlement offer to raise up to $10M
o 1 new share for every 8 held on the record date at 11.5 cents per share
o Offer will be open to all eligible Cyprium shareholders
- Funds raised will place Cyprium in a strong financial position to continue progressing the development of the Nifty Copper Project
- Equity raise supports recently announced $50M Offtake Prepayment Facility with Glencore
- Advanced discussions are continuing with Senior Debt counterparties
Managing Director Barry Cahill commented:
"The Board is very appreciative of the strong support shown from current shareholders and is pleased to welcome a number of new investors to the register.
Cyprium has made significant advances in the past 15 months both in terms of increasing the mineral resource estimate but also particularly in the areas of SX/EW and infrastructure refurbishment, government approvals and metallurgical optimisation.
With the completion of this capital raising, Cyprium will be able to continue to advance the senior debt financing, with the finalisation of the funding package enabling our construction plans and the production of copper metal plate on site in the second half of 2023."
The Company has received firm commitments in respect of a placement to issue approximately 139.1 million new shares (Placement Shares) at 11.5 cents each (Offer Price) to raise $16 million (Placement) from sophisticated and institutional investors.
The Company is also pleased to announce a non-renounceable pro rata entitlement offer at the Offer Price of one (1) new share for every eight (8) shares currently held by eligible shareholders to raise up to $10 million (Entitlement Offer).
The new shares to be issued under the Entitlement Offer will be issued at the same price as the Placement Shares.
Use of Funds
The Placement and Entitlement Offer proceeds will be applied as part of the funding strategy to finance the restart of the Nifty Copper Project which will aim to provide a sustainable, secure, and stable supply of copper metal at 25,000tpa.
As announced on 27 June 2022, Cyprium has entered into an exclusive Letter of Intent (LOI) with Glencore International AG for $50 million in respect of a copper cathode offtake secured prepayment facility, as part of the debt financing package for the restart of the Nifty Copper Project, which includes capital expenditure, contingencies, working capital, and financing costs. The LOI is a non-binding term sheet for both offtake arrangement and project funding and is part of the targeted AUD240 million to AUD260 million debt funding package to finance the restart of the Nifty Copper Project. The Company continues to advance discussions with senior debt providers who are undertaking due diligence activities and reviewing financing documentation.
Details of Placement
Pursuant to the terms of the Placement, the Company has agreed to issue approximately 139.1 million Placement Shares in the Company at the Offer Price of 11.5 cents per share to raise $16 million before costs, under the Company's existing placement capacity pursuant to ASX Listing Rule 7.1 (82,648,514 Placement Shares) and 7.1A (56,481,921 Placement Shares).
Subscribers for the Placement Shares will be entitled to participate in the Entitlement Offer.
Entitlement Offer
Under the Entitlement Offer, eligible shareholders will be able to subscribe for one (1) new ordinary share for every eight (8) existing fully paid ordinary shares held as at 5.00 pm (AEST time) on Friday, 8 July 2022 (Record Date) at the Offer Price.
The Offer Price represents a:
- 28.1% discount to last close on 27 June 2022;
- 19.6% discount to the 10-day VWAP up to and including 27 June 2022;
- 23.9% discount to the 15-day VWAP up to an including 27 June 2022; and
- 25.8% discount to the theoretical ex-rights issue price (TERP) to last close on 27 June 2022.
Cyprium will release a prospectus detailing the terms of the Entitlement Offer shortly, including details as to whether shareholders are eligible to participate in the Entitlement Offer and key risks (Prospectus). The Prospectus will include a personalised entitlement and acceptance form which will provide further details of how to participate in the Entitlement Offer.
Entitlements are non-renounceable and will not be tradeable on ASX or otherwise transferable. Shareholders who do not take up their entitlements will not receive any value in respect of those entitlements that they do not take up.
The Entitlement Offer will include a top up facility under which eligible shareholders who take up their full entitlement will have the opportunity to apply for additional shares from a pool of those not taken up by other eligible shareholders (Top Up Facility). In addition to the Top Up Facility, there will also be a general shortfall offer pursuant to which the Company may place any shares to non-eligible shareholders within three (3) months from the closing date of the Entitlement Offer.
Eligible shareholders should read the Prospectus carefully before making any investment decision regarding the Entitlement Offer. If you are in any doubt about the Entitlement Offer, you should consult your financial or other professional adviser.
Canaccord Genuity (Australia) Limited and Euroz Hartleys Limited are acting as Joint Lead Managers to the Placement. The fees payable to the Joint Lead Managers will be set out in further detail in the Prospectus.
Longreach Capital is acting as financial advisor and Steinepreis Paganin is acting as legal advisor to Cyprium.
*To view the capital structure post placement, please visit:
https://abnnewswire.net/lnk/009WA5D2
About Cyprium Metals Ltd:
Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.
Source:
Cyprium Metals Ltd
Contact:
Barry Cahill
Executive Director
T: +61 8 6374 1550
Wayne Apted
Chief Financial Officer
and Company Secretary
Lexi OHalloran
Investor and Media Relations
E: lexi@janemorganmanagement.com.au
T: +61 404 577 076
E: info@cypriummetals.com
News Provided by ABN Newswire via QuoteMedia
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