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BLUENERGIES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR GROSS PROCEEDS OF UP TO C$10 MILLION
BluEnergies Ltd. (TSXV: BLU) (OTCQX: BLUGF) (F: 66E) ("BLU" or the "Company") is pleased to announce a non-brokered private placement financing of up to 4,500,000 units at a price of C$2.25 per unit (a "Unit") for gross proceeds of up to C$10,125,000 (the "Private Placement"). Each Unit will consist of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant exercisable to purchase one additional Common Share for a peri
About this update from Bluenergies Ltd.
TSXV: BLU | OTCQX: BLUGF |F: 66E VANCOUVER, BC, July 9, 2026 /CNW/ - BluEnergies Ltd. (TSXV: BLU) (OTCQX: BLUGF) (F: 66E) ("BLU" or the "Company") is pleased to announce a non-brokered private placement financing of up to 4,500,000 units at a price of C$2.25 per unit (a "Unit") for gross proceeds of up to C$10,125,000 (the "Private Placement"). Each Unit will consist of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant exercisable to purchase one additional Common Share for a period of three years from the date of closing at an exercise price of C$3.00. The Company intends to use the net proceeds from the Private Placement for the exploration and advancement of the Company's assets, including the Harper Basin project in Liberia, as well as for working capital and general corporate purposes. The Private Placement is subject to TSX Venture Exchange (the "TSXV") acceptance. All Common Shares and Warrants issued pursuant to the Private Placement, as well as the Common Shares issuable upon exercise of the Warrants, will be subject to a four month and a day hold period from the closing date, and TSXV hold period, as applicable. The Company anticipates paying finders' fees equal to 6% cash to certain eligible arm's length parties on a portion of the proceeds raised under the Private Placement. In addition, the Company may issue to certain eligible arm's length finders non-transferable warrants equal to 6% of a portion of the number of Units issued under the Private Placement. It is anticipated that certain insiders of the Company will participate in the Private Placement. Details of any such insider participation, including the applicable related party transaction disclosure under Multilateral Instrument 61-101, will be provided in the closing news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for accou...