Business
Geiger Energy Announces Equity Offerings for Gross Proceeds of up to C$7 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Geiger Energy Corporation
[{"type":"text","content":"Geiger Energy Announces Equity Offerings for Gross Proceeds of up to C$7 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESS Newswire / April 16, 2026 / Geiger Energy Corporation (\"Geiger\" or the \"Company\") (TSXV:BEEP)(OTCQB:BSENF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\") and Haywood Securities Inc. (collectively with Red Cloud, the \"Agents\") to act as co-lead agents and joint bookrunners in connection with a \"best efforts\" public offering (the \"Marketed Public Offering\") for the sale of the following:units of the Company (each, a \"Unit\") at a price of C$0.22 per Unit (the \"Unit Price\"), subject to the minimum sale of 4,545,455 Units for minimum gross proceeds of C$1,000,000.10 from the sale of Units;up to 6,153,846 flow-through units of the Company to be sold to charitable purchasers (each, a \"1st Tranche Charity FT Unit\") at a price of C$0.325 per 1st Tranche Charity FT Unit for gross proceeds of up to C$1,999,999.95 from the sale of 1st Tranche Charity FT Units; andflow-through units of the Company to be sold to charitable purchasers (each, a \"2nd Tranche Charity FT Unit\", and together with the 1st Tranche Charity FT Units, the \"Charity FT Units\") at a price of C$0.30 per 2nd Tranche Charity FT Unit.The Units and Charity FT Units shall collectively be referred to as the \"Public Offering Securities\".Each Unit will consist of (i) one common share of the Company (a \"Unit Share\") and (ii) one-half of one common share purchase warrant (each whole warrant, a \"Unit Warrant\"). Each Charity FT Unit will consist of (i) one common share of the Company (each, a \"Charity FT Share\") and (ii) one-half of one common share purchase warrant (each whole warrant, a \"Charity FT Warrant\"). Each Charity FT Share and each whole Charity FT Warrant comprising a Charity FT Unit will qualify as a \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Income Tax Act\"). Each Unit Warrant and Charity FT Warrant shall entitle the holder to purchase one common share of the Company on a non-flow-through basis (each, a \"Warrant Share\") at a price of C$0.30 at any time on or before that date which is 36 months after the Closing Date (as defined ...