Northwire Canada EditionTuesday, September 15, 2026
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GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
Financings Routine +

Searchlight Announces Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Jun 09, 2026 · 07:31 SCLT · 0.105 Searchlight Resources Inc.
SCLT · Price

Executive Summary

  • Searchlight Resources Inc. announced a non-brokered private placement financing of up to 11,000,000 units at $0.10 per unit, targeting gross proceeds of up to $1,100,000.
  • Each unit consists of one common share and one full purchase warrant exercisable at $0.15 per share for a three-year period.
  • Proceeds will be allocated to exploration expenditures on the company's mineral property portfolio and general working capital, subject to TSX Venture Exchange and regulatory approvals.

Key Details

  • Structure & Quantity: Non-brokered private placement of up to 11,000,000 Units.
  • Price: $0.10 per unit.
  • Gross Proceeds: Up to $1,100,000.
  • Warrant Terms: Each unit includes one full purchase warrant exercisable at $0.15 per share for a period of 3 years from the date of issue.
  • Use of Proceeds: Exploration expenditures on the company's portfolio of mineral properties and general working capital.
  • Conditions & Hold Period: Closing is subject to corporate and regulatory approvals, including TSX Venture Exchange approval. All securities issuable are subject to a four-month hold period from the date of closing.
  • Finders Fees: May be payable in connection with the private placement.
Read the original news release →

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