Northwire Canada EditionThursday, November 12, 2026
Northwire
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Financings

TARGA ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO $3,500,000

TEX · Price

Executive Summary

  • Targa Exploration Corp. increased its non‑brokered private placement from C$3 million to up to C$3.5 million, issuing up to 14 million units at C$0.25 per unit.
  • Each unit consists of one common share and one warrant (exercisable at C$0.50 per share for 24 months, with an acceleration clause tied to a V‑CSE price trigger).
  • Net proceeds are earmarked for exploration activities on the Company’s mineral projects and general working capital; closing is expected around February 20, 2026.

Key Details

  • Offering Size: Increased from C$3,000,000 to up to C$3,500,000 gross proceeds.
  • Units Offered: Up to 14,000,000 units at C$0.25 per unit.
  • Unit Composition: 1 common share + 1 common share purchase warrant.
  • Warrant Terms: Right to acquire one additional share at C$0.50; expires 24 months after closing unless accelerated.
  • Acceleration Clause: If the 10‑day VWAP of Targa’s shares on the CSE reaches ≥ C$0.90, the Company may accelerate warrant expiry to 30 days after a press release announcing acceleration.
  • Use of Proceeds: Exploration of mineral projects and working capital purposes.
  • Closing Date: Anticipated on or about February 20, 2026, subject to customary conditions.
  • Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from closing.
  • Finder’s Fees: Company may pay eligible finders in connection with the offering.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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