Sokoman Minerals Corp. Files for Conditional Approval, Closes First Tranche of Non-Brokered Flow-Through Private-Placement Financing
Sokoman Minerals Corp. (SICNF) has filed for conditional approval with 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 million common shares at CAD$0.05, raising CAD$300,000. The company will pay CAD$18,000 in cash finders' fees and issue 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year. The securities have a four-month and one-day hold period. The proceeds will be used for eligible Canadian exploration expenses on the company's projects, with a commitment to incur these expenses by December 31, 2026.
Sokoman Minerals Corp. (SICNF) ha richiesto l'approvazione condizionata alla TSX Venture Exchange per un finanziamento privato flow-through non intermediato di 400.000 CAD. La società ha chiuso la prima tranche, emettendo 6 milioni di azioni ordinarie a 0,05 CAD, raccogliendo 300.000 CAD. La società pagherà 18.000 CAD in commissioni cash ai finder e emetterà 360.000 warrant non trasferibili esercitabili a 0,07 CAD per un anno. I titoli sono soggetti a un periodo di blocco di quattro mesi e un giorno. I proventi saranno utilizzati per spese di esplorazione canadesi ammissibili sui progetti della società, con l'impegno a sostenere tali spese entro il 31 dicembre 2026.
Sokoman Minerals Corp. (SICNF) ha solicitado la aprobación condicional en la TSX Venture Exchange para una financiación privada flow-through no intermediada de CAD$400,000. La compañía ha cerrado el primer tramo, emitiendo 6 millones de acciones comunes a CAD$0.05, recaudando CAD$300,000. La empresa pagará CAD$18,000 en honorarios en efectivo a los intermediarios y emitirá 360,000 warrants no transferibles ejercibles a CAD$0.07 durante un año. Los valores tienen un período de retención de cuatro meses y un día. Los fondos se utilizarán para gastos de exploración elegibles en Canadá relacionados con los proyectos de la compañía, con el compromiso de incurrir en estos gastos antes del 31 de diciembre de 2026.
Sokoman Minerals Corp. (SICNF)는 TSX 벤처 거래소에 CAD$400,000 비중개형 플로우스루 사모펀딩에 대한 조건부 승인을 신청했습니다. 회사는 첫 번째 트랜치를 마감하여 6백만 보통주를 CAD$0.05에 발행하여 CAD$300,000를 모금했습니다. 회사는 현금 중개 수수료로 CAD$18,000를 지급하고, 1년간 행사 가능한 CAD$0.07 행사가의 360,000 비양도성 중개인 워런트를 발행할 예정입니다. 증권은 4개월 1일의 보호예수 기간이 있습니다. 자금은 회사 프로젝트의 캐나다 적격 탐사 비용에 사용되며, 2026년 12월 31일까지 이 비용을 지출할 것을 약속했습니다.
Sokoman Minerals Corp. (SICNF) a déposé une demande d'approbation conditionnelle auprès de la TSX Venture Exchange pour un financement privé flow-through non intermédié de 400 000 CAD. La société a clôturé la première tranche en émettant 6 millions d'actions ordinaires à 0,05 CAD, levant ainsi 300 000 CAD. La société versera 18 000 CAD en frais de courtage en espèces et émettra 360 000 bons de souscription non transférables exerçables à 0,07 CAD pendant un an. Les titres sont soumis à une période de détention de quatre mois et un jour. Les fonds seront utilisés pour des dépenses d'exploration canadiennes admissibles sur les projets de la société, avec l'engagement d'encourir ces dépenses d'ici le 31 décembre 2026.
Sokoman Minerals Corp. (SICNF) hat bei der TSX Venture Exchange eine bedingte Genehmigung für eine nicht vermittelte Flow-Through Privatplatzierung in Höhe von 400.000 CAD beantragt. Das Unternehmen hat die erste Tranche abgeschlossen und 6 Millionen Stammaktien zu je 0,05 CAD ausgegeben und dabei 300.000 CAD eingenommen. Das Unternehmen zahlt 18.000 CAD in bar an Vermittlungsgebühren und gibt 360.000 nicht übertragbare Makler-Warrants aus, die zu 0,07 CAD für ein Jahr ausgeübt werden können. Die Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag. Die Erlöse werden für förderfähige kanadische Explorationsausgaben bei den Projekten des Unternehmens verwendet, mit der Verpflichtung, diese Ausgaben bis zum 31. Dezember 2026 zu tätigen.
- Secured CAD$300,000 in initial funding through flow-through financing
- Additional CAD$100,000 financing still available in the second tranche
- Funds earmarked for exploration projects, potentially advancing company's assets
- Share dilution through issuance of 6 million new common shares
- Additional dilution potential from 360,000 broker warrants
- Financing at a relatively low share price of CAD$0.05
St. John's, Newfoundland and Labrador--(Newsfile Corp. - May 1, 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") seeking conditional approval for its CAD
The Company is also seeking approval to close the first tranche of the FT Financing, issuing 6,000,000 common shares at 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.
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/250516
FAQ
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