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Coloured Ties Capital Inc. Announces Private Placement for Gross Proceeds of up to $750,000
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Coloured Ties Capital Inc. (T...
About this update from Coloured Ties Capital Inc
[{"type":"text","content":"Coloured Ties Capital Inc. Announces Private Placement for Gross Proceeds of up to $750,000Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) (\"CTI\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 3,750,000 units (each, a \"Unit\") at a price of $0.20 per Unit for aggregate gross proceeds of up to $750,000 (the \"Offering\"). Each Unit shall be comprised of one (1) common share in the capital of the Company (each a \"Common Share\") and one (1) common share purchase warrant (each a \"Warrant\"). Each Warrant shall entitle the holder thereof to acquire one (1) Common Share at a price of $0.28 per share for a period of 36 months from the date of issuance.All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds from the Offering will be used by the Company for corporate and general working capital purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.In connection with the Offering, the Company may pay a finder's fee to eligible arm's length parties. The finder's fee may consist of a cash fee equal to 8% of the gross proceeds of the Offering.INVESTEE COMPANIES COROPRATE UPDATEThe Company is pleased to provide a material update on two investee companies.Lafleur Minerals Inc. (C.LFLR)Lafleur Minerals is proceeding to restart gold production at its 100%, fully permitted and updated Beacon Gold with supply from its nearby Swanson Gold Deposit.The Company is fast-tracking the restart of its 100%-owned, 750 tonne per day (\"tpd\") Beacon Gold Mill (\"Beacon\") in Val-d'Or, Québec, and has received significant interest from several groups for the purpose of financing the mill restart as well as to offtake material and support the ramp-up to full production with the goal to be generating cash flow by early 2026.Immediate plans to complete at up to 10,000 metres of diamond drilling at Swanson starting in June using existing flow-through (FT) funds, with over 50 promising drilling targets identified, among t...