Pathfinder Ventu Stock Price, News & Analysis

Pathfinder Ventures (TSXV:RV) has appointed Ben Elzen, President of Cormode & Dickson, to its Board of Directors. Elzen brings over 40 years of experience in Western Canada's construction sector, specializing in general contracting, design-build, and construction management with a focus on residential and multi-family housing projects.

Since joining Cormode & Dickson in 1984, Elzen has risen to lead the executive team, overseeing strategic growth and successful project delivery across the region. He is a graduate of NAIT's Construction Engineering program and holds a Journeyman Carpenter designation.

Under Elzen's leadership, Cormode & Dickson has established itself as a trusted builder in Western Canada, particularly in high-demand housing sectors. The appointment aligns with Pathfinder's strategy to expand its presence in the manufactured housing sectors.

Pathfinder Ventures Inc. (TSXV:RV) has signed a Letter of Intent to increase its stake in Westside Modular Home Park (WMHP) from 5% to 40%. The transaction, valued at $3.5 million, will be paid through company shares at $0.10 per share (19.99% of post-transaction shares) and a vendor take-back loan.

WMHP holds a long-term lease on a 12.78-acre development property in Okanagan Indian Reserve No. 1 near Vernon, BC, with 42 years remaining plus a 49-year renewal option. The development plans include creating a residential community of approximately 90 modular homes.

Pathfinder will manage the development's construction and operation, securing a $500,000 construction line of credit at 5% interest for initial infrastructure development of 11 lots. The company has also arranged favorable terms with Woodland Crafted Homes for modular home supply, with marketing and pre-sales already underway.

Pathfinder Ventures (TSXV:RV) reports significant growth in its RV resort portfolio and provides updates on its Lifestyle Communities division. The company has seen a 48% year-over-year increase in April 2025 reservations, with advance bookings for upcoming months up by nearly 10%. This growth is attributed to increasing Canada-U.S. tensions, leading more Canadians to choose domestic vacation options.

The company's Lifestyle Communities division is advancing its plans to develop affordable housing communities in Western Canada through land lease communities featuring modular and manufactured housing solutions. Management anticipates potential increased demand for Winter 25/26 as Canadian snowbirds may opt to remain in-country rather than traveling to warmer U.S. destinations.

Pathfinder Ventures (TSXV:RV) has announced plans to modify terms of common share purchase warrants issued during its non-brokered private placement from August 31, 2023. Following a 4:1 share consolidation in August 2024, the original 5,000,000 warrants were adjusted to 1,250,000 warrants, currently exercisable at $0.32 per share until February 28, 2025.

The company proposes to extend the warrants' expiry date by 36 months to February 28, 2028, and reduce the exercise price to $0.20 per common share. Of the total warrants, non-insiders hold 973,438 while insiders hold 276,562. Due to TSX Venture Exchange regulations limiting insider warrant amendments to 10%, the company seeks approval to amend 1,098,438 warrants, including all non-insider warrants and 125,000 insider warrants.

Pathfinder Ventures (TSXV:RV) has successfully closed the second and final tranche of its non-brokered private placement, raising an additional $1,507,500 through the issuance of 15,075,000 units at $0.10 per unit. Combined with the first tranche from September 13, 2024, the total raised amounts to $2,207,500.

Each unit includes one common share and a half-warrant, with full warrants exercisable at $0.20 until December 23, 2027. The company will use proceeds for RV resort upgrades, expansion, acquisition opportunities, and working capital. Company directors purchased approximately 20.70% of total units, representing 10.04% of outstanding shares.

Pathfinder Ventures (TSXV:RV) has announced several corporate updates. The company has scheduled its annual general meeting for December 20, 2024, with meeting materials available online due to postal disruptions. The company has also extended and upsized its non-brokered private placement to 20,000,000 units at $0.10 per unit, targeting gross proceeds of up to $2,000,000. Of this, 7,000,000 units ($700,000) were already issued on September 13, 2024, with the remaining balance extended to December 20, 2024. Each unit includes one post-consolidation common share and half a warrant, with whole warrants exercisable at $0.20 for 36 months. The proceeds will fund RV resort upgrades, expansion, and acquisition opportunities. Additionally, Mr. Allen Szmyrko has been appointed as Interim Chairman of the Board.

Pathfinder Ventures Inc. (TSXV:RV) has announced several corporate updates. The company has extended the closing date for the second tranche of its non-brokered private placement to November 29, 2024, aiming to raise the remaining $1.3 million from 13,000,000 units at $0.10 per unit. The company's Annual General Meeting is scheduled for December 20, 2024. In management changes, Joe Bleackley has stepped down as Corporate Secretary while maintaining his CEO role, and Len Brownlie has been appointed as Corporate Secretary. Additionally, Allen Szmyrko has joined the Board of Directors, bringing over 20 years of experience in corporate management and real estate development.

Pathfinder Ventures Inc. (TSXV:RV) has appointed Mark Roseborough to its Board of Directors, pending TSX Venture Exchange approval. Roseborough brings extensive experience in industrial and real estate development, having served on boards in water purification, biogas, and nanoparticle applications. His background includes facilitating modular home developments (2014-2019), managing six pulp mills as VP of Manufacturing at Belkorp Industries (1992-2003), and leading utility engineering for Dow Corning's $1.2 billion semiconductor plant. Pathfinder Ventures operates three camp resorts in B.C. under the 'Pathfinder Camp Resorts' brand, focusing on upscale RV parks and campgrounds.

Pathfinder Ventures (TSXV:RV) has extended the closing date for the second tranche of its non-brokered private placement and upsized the total offering to 20,000,000 units at $0.10 per unit for gross proceeds of up to $2,000,000. The company has already issued 7,000,000 units ($700,000) on September 13, 2024, and intends to extend the offering for the remaining 13,000,000 units for up to 30 days.

Each unit comprises one post-consolidation common share and one-half of a non-transferable purchase warrant. A whole warrant allows the holder to purchase a common share at $0.20 for 36 months, subject to accelerated expiry. The net proceeds will fund upgrades and expansion at RV resorts, advance acquisition opportunities, and provide working capital. The private placement completion is subject to TSX Venture Exchange approval.