New Wave Holdings Corp Secures $385,000 Through Private Placement
New Wave Holdings Corp, a company specializing in the acquisition, exploration, and development of precious and base metal properties in Canada and the United States, has successfully closed a non-brokered private placement of units, raising $385,000. The company, which is listed on the Canadian National Stock Exchange, focuses on metals such as nickel, copper, cobalt, platinum, palladium, gold, zinc, and silver.
The private placement involved the issuance of 7,000,000 units at $0.055 per unit. This transaction is part of the company’s ongoing efforts to fund its exploration and development activities. The placement was conducted under the Listed Issuer Financing Exemption, a regulatory framework that facilitates such transactions.
The news of the successful closure was reported by multiple sources, including StockWatch, GlobeNewswire, CEO.ca, and the Financial Post, all on May 31, 2025. The Financial Post noted that the announcement was not intended for dissemination in the United States or through U.S. news wire services.
Prior to the closure, New Wave Holdings Corp had filed an amended offering document on May 29, 2025, as part of the preparation for the private placement. This document, referred to as the “LIFE Offering,” detailed the terms and conditions of the unit sale.
As of the close of trading on May 27, 2025, New Wave Holdings Corp’s share price stood at 0.085 CAD, with a 52-week high of 0.2 CAD and a low of 0.025 CAD. The company’s market capitalization was reported at 609,718 CAD.
This financial move is expected to support New Wave Holdings Corp’s strategic initiatives in the metals and mining sector, as it continues to explore and develop its metal properties across North America.