Sokoman Minerals Corp. Closes First Tranche of Critical Mineral Flow-Through Private Placement
Sokoman Minerals Corp (SICNF) has received conditional approval from the TSX Venture Exchange for a CAD$400,000 non-brokered flow-through private placement financing. The company has closed the first tranche, issuing 6,000,000 flow-through common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in finders' fees and issue 360,000 broker warrants exercisable at CAD$0.07 for one year.
Additionally, Sokoman received CAD$150,000 through the Mineral Incentive Program from the Government of Newfoundland and Labrador. The company's treasury will strengthen to approximately CAD$1.3 million. The funds will be used for eligible Canadian exploration expenses, which must be incurred by December 31, 2026.
Sokoman Minerals Corp (SICNF) ha ricevuto l'approvazione condizionale dalla TSX Venture Exchange per un finanziamento tramite collocamento privato flow-through non intermediato di 400.000 CAD. La società ha chiuso la prima tranche, emettendo 6.000.000 azioni ordinarie flow-through a 0,05 CAD, raccogliendo 300.000 CAD. L'azienda pagherà 18.000 CAD come commissioni ai procacciatori e emetterà 360.000 warrant per broker esercitabili a 0,07 CAD per un anno.
Inoltre, Sokoman ha ricevuto 150.000 CAD tramite il Mineral Incentive Program dal Governo di Terranova e Labrador. La cassa della società si rafforzerà fino a circa 1,3 milioni di CAD. I fondi saranno destinati a spese di esplorazione canadesi ammissibili, da sostenere entro il 31 dicembre 2026.
Sokoman Minerals Corp (SICNF) ha recibido la aprobación condicional de la TSX Venture Exchange para una financiación mediante colocación privada flow-through no intermediada de 400,000 CAD. La compañía cerró el primer tramo, emitiendo 6,000,000 acciones comunes flow-through a 0.05 CAD, recaudando 300,000 CAD. La empresa pagará 18,000 CAD en comisiones a buscadores y emitirá 360,000 warrants para corredores ejercitables a 0.07 CAD durante un año.
Además, Sokoman recibió 150,000 CAD a través del Mineral Incentive Program del Gobierno de Terranova y Labrador. El tesoro de la compañía se fortalecerá hasta aproximadamente 1.3 millones de CAD. Los fondos se usarán para gastos de exploración canadienses elegibles, que deben incurrirse antes del 31 de diciembre de 2026.
Sokoman Minerals Corp (SICNF)는 TSX 벤처 거래소로부터 CAD$400,000 규모의 비중개인 플로우스루 사모 발행에 대한 조건부 승인을 받았습니다. 회사는 첫 번째 트랜치를 마감하며 6,000,000주 플로우스루 보통주를 주당 CAD$0.05에 발행하여 CAD$300,000를 조달했습니다. 회사는 CAD$18,000의 중개 수수료를 지급하고, 1년간 행사 가능한 360,000주 중개인 워런트를 발행할 예정입니다.
추가로, Sokoman은 뉴펀들랜드 및 래브라도 주 정부의 광물 인센티브 프로그램을 통해 CAD$150,000을 받았습니다. 회사의 자금은 약 CAD$1.3백만으로 강화될 것입니다. 이 자금은 2026년 12월 31일까지 발생해야 하는 캐나다 내 적격 탐사 비용에 사용될 예정입니다.
Sokoman Minerals Corp (SICNF) a reçu une approbation conditionnelle de la TSX Venture Exchange pour un financement par placement privé flow-through non courtier de 400 000 CAD. La société a clôturé la première tranche, émettant 6 000 000 d'actions ordinaires flow-through à 0,05 CAD, levant ainsi 300 000 CAD. Elle versera 18 000 CAD de frais aux démarcheurs et émettra 360 000 bons de souscription pour courtiers exerçables à 0,07 CAD pendant un an.
De plus, Sokoman a reçu 150 000 CAD via le Mineral Incentive Program du gouvernement de Terre-Neuve-et-Labrador. La trésorerie de la société sera renforcée à environ 1,3 million CAD. Les fonds seront utilisés pour des dépenses d'exploration admissibles au Canada, devant être engagées avant le 31 décembre 2026.
Sokoman Minerals Corp (SICNF) hat von der TSX Venture Exchange die bedingte Genehmigung für eine nicht vermittelte Flow-Through Privatplatzierung in Höhe von 400.000 CAD erhalten. Das Unternehmen hat die erste Tranche abgeschlossen und 6.000.000 Flow-Through-Stammaktien zu je 0,05 CAD ausgegeben und dabei 300.000 CAD eingenommen. Das Unternehmen zahlt 18.000 CAD Findergebühren und gibt 360.000 Broker-Warrants aus, die für ein Jahr zu 0,07 CAD ausgeübt werden können.
Zusätzlich erhielt Sokoman 150.000 CAD durch das Mineral Incentive Program der Regierung von Neufundland und Labrador. Die Kasse des Unternehmens wird sich auf etwa 1,3 Millionen CAD stärken. Die Mittel werden für förderfähige kanadische Explorationsausgaben verwendet, die bis zum 31. Dezember 2026 anfallen müssen.
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St. John's, Newfoundland and Labrador--(Newsfile Corp. - May 7, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") is pleased to announce that, further to its April 25, 2025, news release, the Company has filed documents with the TSX Venture Exchange (the "Exchange") and received conditional approval for its CAD
Timothy Froude, P. Geo., President and CEO, states, "With spring breakup nearly complete, we're preparing to resume work at our traditional bulk sample project. We're grateful for the continued support from investors and the Mineral Incentive Program, which together will strengthen our treasury to approximately CAD
In connection with the first tranche of the FT Financing, the Company will pay cash finders' fees totalling CAD
All securities issued pursuant to the FT Financing are subject to a four-month and one-day hold period.
Final approval of the FT Financing is subject to Exchange approval.
The Company will use an amount equal to the gross proceeds received by the Company from the sale of the flow-through shares (the "FT Shares"), pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the Income Tax Act (Canada) on or before December 31, 2026, and to renounce all of the qualifying expenditures in favour of the subscribers of the FT Shares.
The Company intends to spend the flow-through proceeds on the Company's exploration projects. Sokoman Minerals wishes to thank the Government of Newfoundland and Labrador for the CAD
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the
In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the Company's press release dated October 11, 2023.
Projects optioned with optionee fully vested are:
- East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus
1% NSR) - Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus
1% NSR)
The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years.
For more information, please contact:
Timothy Froude, P.Geo., President & CEO
T: 709-765-1726
E: tim@sokomanmineralscorp.com
Cathy Hume, VP Corporate Development, Director
T: 416-868-1079 x 251
E: cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251216
