Private Placement

Ensurge Micropower ASA (ENMPY) finalized its share capital increase to NOK 418,390,160.50 following a private placement. The Silicon Valley company, with a team of forty, develops ultrathin, flexible, solid-state lithium microbatteries for wearables, hearables, IoT sensors, and fitness devices. Their strategy is to prototype and manufacture at small scale in-house, then outsource large-scale production to specialized partners. The company is listed on the Norwegian stock exchange with funding from Norwegian investors.

First Andes Silver (TSXV: FAS, OTC: MSLVF) completed the first tranche of a non-brokered private placement, raising $1.017 million CAD. They issued 10,170,000 units at $0.10 CAD each, including warrants exercisable at $0.15 CAD. Proceeds will fund drilling at the Santas Gloria silver property and working capital. The company paid finder’s fees and issued warrants. Securities have a four-month resale restriction. A second tranche is expected to close soon, pending TSX Venture Exchange approval.

Ellomay Capital (ELLO) announced a private placement of 926,000 shares to Israeli investors at NIS 54 per share, expecting NIS 50 million gross proceeds. Menora Mivtachim will acquire approximately 6% ownership. Closing is expected in July 2025, pending regulatory approval. Proceeds will be used for general corporate purposes. The placement offers a slight discount to recent trading prices. Existing shareholders may experience dilution.

PJX Resources raised C$1.65M via private placement to fund exploration at its Dewdney Trail Property in BC, near the historic Sullivan Mine. Financing includes flow-through shares (CA$0.14) and standard units (CA$0.12) with warrants. Recent findings show Sedex horizons like those at Sullivan, with surface samples up to 8.2% zinc and 42g/t silver. Aggressive drilling starts July 15, targeting potential large-scale mineralization amidst low zinc inventories. Risks include share dilution and early-stage exploration status.

Pacific Bay Minerals is raising up to $2 million through a non-brokered private placement of 20 million units to fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil. Additionally, the company is seeking to extend the expiry of 7.3 million warrants and has appointed Elton Pereira as country manager for Brazil.

New Zealand Energy Corp. is raising up to C$3 million through a private placement of common shares at C$0.18 each. The plan includes converting C$300,000 of debt from Charlestown Energy Partners and settling another loan with Vliet Financing B.V. by issuing shares. These transactions are classified as related-party dealings and require TSX Venture Exchange approval.

Permex Petroleum Corporation secured a US$2 million private placement of convertible debentures and warrants. The funds will bolster working capital for general operations and strategic initiatives. Each unit comprises a debenture with a 10% annual interest rate and common share purchase warrants. The financing is intended for accredited investors and closes after a five-day notice period.

Honey Badger Silver Inc. successfully closed the first tranche of its private placement, raising approximately $2.01 million. The financing, involving non-flow-through units and flow-through shares, will fund exploration on properties in the Yukon, Northwest Territories, and Nunavut, as well as property advancement and acquisitions. Prominent investor Eric Sprott participated in the round.

RedCloud Holdings plc announced a private placement raising approximately $13.5 million. The company will issue shares and warrants at $1.50 each. The funds will support RedCloud’s AI-powered platform, which simplifies B2B purchasing and inventory management for FMCG products by facilitating data flow between brands, distributors, and retailers.

Reyna Silver Corp. completed a $1.1 million non-brokered private placement, linked to Torex Gold Resources Inc.’s acquisition of Reyna. The placement, priced at $0.095 per unit, includes warrants exercisable at $0.13. Proceeds will fund option agreement payments and exploration in Nevada. Completion is contingent on TSXV approval, with securities subject to a four-month hold period. Reyna Silver focuses on high-grade silver deposits in North America, including projects in Nevada and Mexico.