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Canoe Mining Ventures Corp. reports developments tied to mineral exploration and corporate financing. Company updates include private placement financings that issue units of common shares and warrants, with proceeds directed toward acquiring and evaluating new mineral exploration properties, advancing existing projects, and general working capital.
Canoe Mining Ventures (OTCQB: CNMVF, TSXV: CLV) has signed a July 24, 2026 business combination agreement with privately held Longview Gold/b, whose main asset is an earn-in option on the Red Hill gold exploration project in Nevada. The deal is expected to qualify as a on the TSX Venture Exchange.
Before closing, Canoe will complete a 3.32-for-1 share consolidation, leaving about 10.7 million post-consolidation shares. Longview shareholders will receive one post-consolidation Canoe share per Longview share and are expected to hold roughly 49.7 million shares on closing. Canoe will also raise a minimum CAD$6.2 million via subscription receipts at $0.115 each, with attached warrants at $0.18. Under an existing earn-in with Metalla, Longview can acquire 100% of Red Hill by spending US$7 million on exploration, paying US$4 million in cash over seven years, and a US$1 million milestone payment, after which the project will carry a 3% gross overriding royalty to Metalla and a 2% net profits royalty to Barrick on certain claims.
Canoe Mining Ventures (OTC:CNMVF) completed a non‑brokered private placement on November 18, 2025, issuing 11,500,000 units at $0.05 per unit for gross proceeds of $575,000. Each unit includes one common share and one‑half warrant; each whole warrant allows purchase of one common share at $0.08 until 36 months from issuance.
The company said net proceeds will fund acquisition/evaluation of mineral properties, advance projects, and general working capital. Insiders subscribed for 1,700,000 units; securities are subject to a four‑month plus one day hold and TSX Venture Exchange final approval. The company relied on MI 61‑101 exemptions and did not file a 21‑day material change report prior to closing.
Canoe Mining Ventures Corp. announced a non-brokered private placement of up to 11,500,000 units at $0.05 per Unit to raise gross proceeds of up to $575,000.
Each Unit comprises one common share and one-half of a common share purchase warrant; every whole warrant will allow purchase of one common share at $0.08 until 36 months after issuance. Proceeds are intended for acquisitions and evaluation of mineral exploration properties, advancement of existing projects, and general working capital.
Closing is subject to corporate and TSX Venture Exchange approvals; issued securities will carry a 4-month plus one day hold period and resale restrictions. The offering is not registered for sale in the United States.