Thursday, October 23, 2025

Latest

Kesselrun To Raise $8.0 Million In Private Placement

Kesselrun Resources (TSXV: KES) this morning announced that it will be raising $8.0 million via a private placement. The financing is slated to consist of both flow through and non flow through units through a non-brokered financing.

Funds raised are to be split equally between flow through and non flow through units. The financing will see the non flow through units sold at a price of $0.40 per unit, with each unit containing one common share and one half warrant. Each warrant is valid for 24 months from the date of issue, with an exercise price of $0.70 per share. It is currently expected that 10.0 million non flow through units will be sold.

Flow through units meanwhile will be sold at a price of $0.45 per unit, with 8.9 million units expected to be issued under the financing. Each unit contains one flow through common share as well as one half of a common share purchase warrant. Each warrant, similar to the non flow through units, is valid for a period of 24 months from the date of issue with an exercise price of $0.70 per share.

All warrants sold under the offering are subject to an acceleration clause. The clause enables the company to have the right to force the exercise of the warrants if the average 20 day closing price of the issuer is $1.00 or above.

A timeline for the closing of the financing was not provided.

Kesselrun Resources last traded at $0.36 on the TSX Venture.


Information for this briefing was found via Sedar and Talisker Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Gold: Where Will The Producers Spend Oncoming Cash Flows? – The Daily Dive ft Joe Mazumdar

For today’s episode of the Daily Dive, we’re rejoined by Joe Mazumdar of Exploration Insights....

Thursday, May 20, 2021, 01:30:00 PM

Mexico: The World’s Leading Silver Producer

There is a saying in the mining industry that miners go where the minerals are....

Saturday, February 6, 2021, 02:48:00 PM

UK High Court Denies Maduro’s Claim to Venezuela’s Gold

A bizarre legal battle has ensued between the UK government and the Venezuelan government, over...

Friday, July 3, 2020, 03:03:00 PM

What Can We Expect From Commodities In The Current Climate? – The Daily Dive

Joining us for the final episode of The Daily Dive this week is returning guest...

Friday, February 25, 2022, 01:34:49 PM

Gold’s Perfect Storm: Rate Cuts Amid Inflation With Lobo Tiggre of Independent Speculator

At The Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Steve sat down...

Wednesday, July 17, 2024, 03:39:00 PM