TSX Venture Exchange
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Search Minerals Inc. Announces Settlement with Certain Creditors
Search Minerals (TSXV: SMY | OTC: SHCMD) has reached a settlement regarding approximately $100,000 in outstanding debt with Kee Scarp Ltd. and Todd Burlingame. The company will issue 203,688 common shares to Burlingame and pay $26,600 to Kee Scarp. The share issuance is subject to TSX Venture Exchange approval and a four-month hold period. This move balances debt reduction with potential shareholder dilution.
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NorthStar Gaming Grants Stock Awards to Non-Executive Directors *(Rationale: This version uses more concise and natural English phrasing common in US/UK financial headlines (“Grants Stock Awards” instead of “Announces Grant of Equity Incentive Awards”). It omits the “in lieu of cash compensation” justification, as equity for non-exec directors is standard practice in Western markets and explicitly stating it sounds unusual or defensive. The structure focuses clearly on the core action.)*
NorthStar Gaming granted 5,078,913 deferred share units (DSUs) to non-executive directors as full 2024 compensation, replacing cash payments. The immediately vested DSUs are redeemable only upon a director’s departure. This equity-based approach supports company cost-reduction initiatives, although it risks future shareholder dilution. The grant awaits final TSX Venture Exchange approval.
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Silver Storm Announces Till Capital Shareholders Approve Arrangement
Shareholders of Till Capital approved Silver Storm Mining’s acquisition deal on July 10, 2025. The court-supervised transaction requires final approvals from the B.C. Supreme Court (hearing July 15) and TSX-V to close around July 17. This expands Silver Storm’s Mexican silver assets, primarily the past-producing La Parrilla Complex. Reactivating La Parrilla relies on historical data, not updated feasibility studies, increasing operational uncertainty. Completion remains contingent on court and exchange approvals.
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New Zealand Energy Corp. Updates on Private Placement and Shares-for-Debt Transaction
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.
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Jayden Secures a Loan
Jayden Resources Inc. (JDN) secured a $250,000 loan to support operations, with repayment due in one year or upon a private placement. The loan has a 10% annual interest rate and is subject to TSX Venture Exchange approval, earmarked for working capital. The announcement includes forward-looking statements and cautions about potential risks.
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Sage Potash Completes C$6 Million Private Placement
Sage Potash Corp. closed a non-brokered private placement, raising C$6 million, exceeding its initial C$4 million target. The financing will accelerate field activity, planning, and permitting for its Utah potash project. The offering involved 24 million units and warrants. Proceeds will also fund exploration, infrastructure planning, and working capital. Securities are subject to a hold period, and the TSX Venture Exchange granted conditional approval.
