Red Canyon Closes Over-Subscribed Financing Backed By Strategic Lead Order
Red Canyon Resources (OTCQB: REDRF) has successfully completed an over-subscribed non-brokered charity flow-through private placement, raising $2.32 million through the issuance of 8,525,295 shares at $0.272 per share.
Notable highlights include Teck Resources Limited acquiring a 9.9% equity stake for $1.71 million as a new strategic investor, while existing major shareholder Crescat Capital maintained its ownership position. The flow-through shares qualify for both federal and British Columbia tax credits, with proceeds earmarked for Canadian exploration expenses at the company's Kendal project and other BC properties.
The offering includes an Investor Rights Agreement with Teck, granting them future participation rights to maintain their proportionate ownership. All issued securities are restricted from trading until January 19, 2026.
Red Canyon Resources (OTCQB: REDRF) ha archiviato con successo un'offerta privata flow-through caritatevole non intermerciata, sovrascritta, raccogliendo 2,32 milioni di dollari tramite l'emissione di 8.525.295 azioni al prezzo di 0,272 dollari per azione.
Tra i segnali principali, Teck Resources Limited ha acquisito una partecipazione azionaria del 9,9% per 1,71 milioni di dollari come nuovo investitore strategico, mentre l'attuale azionista di maggioranza Crescat Capital ha mantenuto la sua posizione. Le azioni flow-through danno diritto a crediti d'imposta federali e della British Columbia, con i proventi destinati a spese di esplorazione canadesi nel progetto Kendal dell'azienda e in altre proprietà in BC.
L'offerta comprende un Investor Rights Agreement con Teck, che conferisce loro diritti di partecipazione futuri per mantenere la loro quota proporzionale. Tutti i titoli emessi sono soggetti a restrizioni di negoziazione fino al 19 gennaio 2026.
Red Canyon Resources (OTCQB: REDRF) ha completado con éxito una colocación privada de flujo de fondos benévola no intermediada y sobredestinada, recaudando 2,32 millones de dólares mediante la emisión de 8.525.295 acciones a un precio de $0.272 por acción.
Entre los aspectos destacados, Teck Resources Limited adquirió una participación accionaria del 9,9% por 1,71 millones de dólares como nuevo inversor estratégico, mientras que el actual accionista mayoritario Crescat Capital mantuvo su posición. Las acciones flow-through califican para créditos fiscales federales y de Columbia Británica, y los ingresos se destinarán a gastos de exploración canadienses en el proyecto Kendal de la empresa y en otras propiedades de BC.
La oferta incluye un Investor Rights Agreement con Teck, que les otorga derechos de participación futuros para mantener su propiedad proporcional. Todos los valores emitidos están restringidos para operar hasta el 19 de enero de 2026.
Red Canyon Resources (OTCQB: REDRF)은 중개인 없이 자선 플로우-투(private placement)로 과잉 청약된 성공적인 비공모 공모를 완료하여 232만 달러를 조달했고 주당 0.272달러의 가격으로 8,525,295주를 발행했습니다.
주요 하이라이트로는 Teck Resources Limited가 신규 전략 투자자로서 9.9%의 지분을 171만 달러에 취득했고, 기존 대주주인 Crescat Capital은 지분을 유지했습니다. 플로우-투 주식은 연방 및 브리티시 컬럼비아 주의 세액공제를 받을 수 있으며, 수익은 Kendal 프로젝트 및 BC의 기타 자산에 대한 캐나다 탐사 비용으로 배정됩니다.
제안에는 Teck와의 Investor Rights Agreement가 포함되어 있어 지분 비율을 유지하기 위한 향후 참여 권리가 부여됩니다. 모든 발행 증권은 2026년 1월 19일까지 거래가 제한됩니다.
Red Canyon Resources (OTCQB: REDRF) a mené à bien une levée privée flow-through charitable non-brokered, sursouscrite, totalisant 2,32 millions de dollars grâce à l'émission de 8 525 295 actions au prix de 0,272 $ par action.
Parmi les temps forts, Teck Resources Limited a acquis une participation de 9,9% pour 1,71 million de dollars en tant que nouvel investisseur stratégique, tandis que l'actionnaire majoritaire existant Crescat Capital a maintenu sa position. Les actions flow-through donnent droit à des crédits d'impôt fédéraux et de Colombie-Britannique, les produits étant destinés aux dépenses d'exploration canadienne du projet Kendal et d'autres propriétés en BC.
La offre comprend un Investor Rights Agreement avec Teck, leur donnant des droits de participation futurs pour maintenir leur propriété proportionnelle. Tous les titres émis sont restreints de négociation jusqu’au 19 janvier 2026.
Red Canyon Resources (OTCQB: REDRF) hat erfolgreich eine überzeichnete, nicht-brokered Charity-Flow-Through-Privatplatzierung abgeschlossen und 2,32 Millionen Dollar durch die Ausgabe von 8.525.295 Aktien zu einem Preis von 0,272 Dollar pro Aktie aufgenommen.
Zu den bemerkenswerten Highlights gehört, dass Teck Resources Limited eine 9,9%-Beteiligung für 1,71 Millionen Dollar als neuer strategischer Investor erwirbt, während der bestehende Großaktionär Crescat Capital seine Eigentumsposition beibehält. Die Flow-Through-Aktien qualifizieren sich für Bundes- und British Columbia-Steuergutschriften, und die Erlöse sind für kanadische Explorationskosten beim Kendal-Projekt des Unternehmens und anderen BC-Properties vorgesehen.
Das Angebot enthält eine Investor Rights Agreement mit Teck, das ihnen zukünftige Partizipationsrechte zur Aufrechterhaltung ihrer prozentualen Eigentumsanteile gewährt. Alle ausgegebenen Wertpapiere unterliegen bis zum 19. Januar 2026 Handelbeschränkungen.
Red Canyon Resources (OTCQB: REDRF) أكملت بنجاح عرضًا خاصًا بالـ flow-through الخيري غير الوسيط مع وجود طلب فائض، حيث جُمعت 2.32 مليون دولار من خلال إصدار 8,525,295 سهمًا بسعر 0.272 دولار للسهم.
من أبرز النقاط أن Teck Resources Limited اشترت حصة equity قدرها 9.9% مقابل 1.71 مليون دولار كمستثمر استراتيجي جديد، مع الحفاظ على وجود المالك الحالي Crescat Capital. الأسهم flow-through مؤهلة للحصول على ائتمانات ضريبية اتحادية وبريتش كولومبيا، وتُخصص العائدات للنفقات الاستكشافية الكندية في مشروع Kendal وممتلكات BC الأخرى.
يشمل العرض اتفاق حقوق المساهمين Investor Rights Agreement مع Teck، يمنحهم حقوق المشاركة المستقبلية للحفاظ على نسبتهم في الملكية. جميع الأوراق المصدرة مقيدة التداول حتى 19 يناير 2026.
Red Canyon Resources (OTCQB: REDRF) 已成功完成一项超额认购的非经纪慈善性流通私募，募集 232万美元，通过发行 8,525,295股，每股价格为 $0.272。
notable highlights 包括 Teck Resources Limited 作为新战略投资者以 9.9% 的股权参与，金额为 171万美元，现有主要股东 Crescat Capital 维持其持股。此类流通股享有联邦及不列颠哥伦比亚省的税收抵免，收益用于公司 Kendal 项目及在 BC 的其他地产的加拿大勘探费用。
此次发行包含与 Teck 的投资者权益协议（Investor Rights Agreement），赋予其未来参与权以维持其相对持股比例。所有发行证券在 2026 年 1 月 19 日前不得交易。
- Strategic investment by major mining company Teck Resources acquiring 9.9% stake
- Successful over-subscribed financing raising $2.32 million
- Continued support from major shareholder Crescat Capital
- Tax benefits for investors including 30% federal and 20% BC tax credits
- Investor Rights Agreement with Teck ensures future participation rights
- Trading restrictions on issued securities until January 2026
- Dilution of existing shareholders through new share issuance
VANCOUVER, British Columbia, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Red Canyon Resources Ltd. (“Red Canyon” or the “Company”) (CSE: REDC | OTCQB: REDRF) is pleased to announce it has completed a non-brokered charity flow-through private placement (“Charity FT Offering”) to issue 8,525,295 Charity Flow Through Common Shares ("Charity FT Shares") of the Company at a price of
Teck Resources Limited (“Teck”) has acquired a
Existing major shareholder Crescat Capital LLC also participated in the financing, maintaining its proportionate equity ownership in the Company.
Each Charity FT Share will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).
The proceeds from the Charity FT Offering will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as both terms are defined in the Tax Act related to the Company’s Kendal project and other projects in British Columbia, on or before December 31, 2026, and the Company will renounce all the Qualifying Expenditures in favour of the subscribers of the Charity FT Shares effective December 31, 2025 (the “Qualifying Expenditures”). The flow-through critical mineral mining expenditures will be eligible for a federal
The Charity FT Offering was facilitated by PearTree Securities Inc., who did not receive any fees or commissions from the Company for its role. All securities issued are restricted from trading until January 19, 2026.
In connection with Teck’s participation in the Charity FT Offering, the Company has entered into an Investor Rights Agreement with Teck under which, subject to certain conditions, Teck shall be granted the right to participate in future share issuances to maintain its proportionate equity ownership in the Company.
About Red Canyon Resources
Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF) is a geoscience-driven, discovery-focused mineral exploration company exploring North America’s top copper jurisdictions. Red Canyon has a portfolio of
Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
1 Red Canyon has two projects subject to option earn in agreements under which the Company may acquire
For more information, please visit the Company's website at www.redcanyonresources.com.
On Behalf of the Board of Directors
Wendell Zerb, P. Geol
Chairman and Chief Executive Officer
+1 (604) 681-9100
wzerb@redcanyonresources.com
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@redcanyonresources.com
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included in this news release, including, without limitation, statements regarding the Charity FT Offering, the use of proceeds from the Charity FT Offering, and other future plans and objectives of the Company are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include failure to obtain CSE acceptance of the Charity FT Offering, inability to use the proceeds from the Charity FT Offering as expected, and risks associated with mineral exploration, including the risk that actual results and timing of exploration and development will be different from those expected by management. The forward-looking statements in this news release were developed based on the assumptions and expectations of management, including that CSE acceptance for the Charity FT Offering will be obtained, the Company will be able to use the proceeds from the Charity FT Offering as anticipated, as well as the other assumptions disclosed in this news release and that the risks described above will not materialize. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
FAQ
How much did Red Canyon Resources (REDRF) raise in their latest financing?
What percentage stake did Teck Resources acquire in Red Canyon?
What tax benefits are available for investors in Red Canyon's flow-through shares?
When will the restricted shares from Red Canyon's financing become freely tradeable?
What will Red Canyon use the proceeds from the financing for?
