Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
First Mining Gold Corp. (FF-T) announced a royalty purchase agreement with an affiliate of Sprott Resource Streaming and Royalty Corp. to sell its 1.5-per-cent net smelter return (NSR) royalty on the Goldlund gold property in Ontario owned by Treasury Metals Inc. for about $9.5-million.
“We are very excited to announce the sale of our Goldlund royalty to Sprott,” stated Dan Wilton, CEO of First Mining. “Sprott is an existing royalty holder across the Goliath Gold Complex with a deep understanding of the project and this transaction is a further endorsement of the potential of the asset.”
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Ascot Resources Ltd. (AOT-T) announced a non-binding letter of intent for $200-million in project financing for the construction of the Premier Gold Project in northwestern B.C.
The company said the proposed finance package includes a US$110-million gold and silver streaming agreement with Sprott Resource Streaming and Royalty Corp. and a strategic equity investment by Ccori Apu S.A.C of $45-million. The company said a portion of the investment be structured as Canadian Development Expenditures flow-through shares so that the total gross proceeds to the company is $50-million.
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The Real Brokerage Inc. (REAX-T) announced the appointment of Sharran Srivatsaa as president, a newly created role, effective immediately.
Mr. Srivatsaa joins the company after two decades of business and operational experience across the real estate, finance and technology sectors. Most recently, he was principal of the investment fund Srilo Ventures.
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Imperial Metals Corp. (III-T) announced a non-brokered private placement of up to $53-million in non-convertible debentures.
The company said the debentures will have a four-year term ending Dec. 16, 2026. It plans to issue 6,625,000 warrants which will be exercisable into common shares of the company at a price of $2.10 each, as well as other conditions.
It said the financing will be used towards ongoing operations at its Mount Polley mine and continued exploration and feasibility study work at the Red Chris mine.
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Vecima Networks Inc. (VCM-T) announced an upsizing of its recent private placement, citing “significant demand.”
The company said on Dec. 7 that it had an agreement for an offering of up to $10-million. On Dec. 9, the company announced that the syndicate of agents has agreed to offer for sale an additional 394,500 shares at the offering price of $17.75 each for another $7-million, which would bring the total gross proceeds to $17-million.