Gunpoint Announces Closing of $3.35 Million Non-Brokered Private Placement

Rhea-AI Summary

Gunpoint Exploration (CJIMF) closed a $3.35 million non‑brokered private placement on December 2, 2025, issuing 8,375,000 Units at $0.40 per Unit.

Each Unit includes one common share and one‑half of a warrant (totaling warrants exercisable at $0.60 until December 2, 2027). Proceeds will fund exploration, development and property payments for the Talapoosa gold‑silver project in Nevada and for working capital.

Directors and officers acquired 3,075,000 Units; CEO Randy Reifel bought 2,500,000 Units and holds ~16.9% undiluted (~19.8% partially diluted) after the offering.

Positive

• Closed $3.35M financing via 8,375,000 Units
• Proceeds earmarked for Talapoosa gold‑silver project development
• CEO and insiders purchased 3,075,000 Units (alignment signal)

Negative

• Issued 8,375,000 new common shares — potential dilution
• Up to 4,187,500 warrants exercisable at $0.60 through Dec 2, 2027
• Related‑party participation requires disclosure; may concern minority holders

Key Figures

Gross proceeds: $3,350,000 Units issued: 8,375,000 units Unit price: $0.40 per Unit +5 more

8 metrics

Gross proceeds $3,350,000 Non-brokered private placement financing

Units issued 8,375,000 units Private placement at $0.40 per Unit

Unit price $0.40 per Unit Pricing of the private placement Units

Warrant exercise price $0.60 per share Each whole Warrant exercisable until December 2, 2027

Hold period expiry April 3, 2026 Four months plus one day hold period on Offering securities

Insider participation 3,075,000 Units Aggregate Units acquired by directors and officers in Offering

CEO Units purchased 2,500,000 Units Units acquired by Mr. Randy Reifel in this Offering

CEO ownership undiluted 10,110,001 shares (16.9%) Post-Offering undiluted ownership of Common Shares

Market Reality Check

Price: $0.6960 Vol: Volume 15,000 is 42.15x t...

high vol

$0.6960 Last Close

Volume Volume 15,000 is 42.15x the 20-day average of 356, indicating unusually heavy trading before this financing news. high

Technical Shares at 0.35 are trading below the 200-day MA of 0.38 and 21.15% under the 52-week high.

Peers on Argus

CJIMF gained 23.03% with very elevated volume, while close peers showed modest, ...

CJIMF gained 23.03% with very elevated volume, while close peers showed modest, mixed moves between about -2.85% and +6.76% and none appeared in the momentum scanner, pointing to a stock-specific reaction.

Market Pulse Summary

This announcement details a completed non-brokered private placement raising $3,350,000 through 8,37...

Analysis

This announcement details a completed non-brokered private placement raising $3,350,000 through 8,375,000 Units at $0.40, each with a half warrant at $0.60. Proceeds are earmarked for the Talapoosa gold-silver project and corporate purposes. Significant insider participation, including 2,500,000 Units for the CEO, and related-party and early-warning disclosures highlight governance and regulatory considerations investors may monitor.

Key Terms

non-brokered private placement, warrant, related party transaction, early warning report, +1 more

5 terms

non-brokered private placement financial

"it has closed its previously announced non-brokered private placement financing"

A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.

warrant financial

"one-half of one common share purchase warrant (each whole warrant, a "Warrant")"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

related party transaction regulatory

"The Offering is considered a "related party transaction" pursuant to Multilateral Instrument 61-101"

A related party transaction is any deal or transfer of value between a company and people or entities with close ties to it — such as executives, major owners, family members, or affiliated businesses. Investors watch these transactions because they can favor insiders over outside shareholders, skirt fair market pricing, or hide risks; like selling your car to a relative at a friendly price, they require clear disclosure and scrutiny to judge impact on value.

early warning report regulatory

"The early warning report of Mr. Reifel, as required under National Instrument 62-103"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

forward-looking information regulatory

"Certain statements contained in this news release constitute forward-looking Information under applicable Canadian securities laws"

Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Gunpoint Exploration Ltd. (TSXV: GUN) ("Gunpoint" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing for gross proceeds of $3,350,000 from the sale of 8,375,000 units (the "Units") at a price of $0.40 per Unit (the "Offering"). Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable at a price of $0.60 into one common share of the Company until December 2, 2027.

The securities issued pursuant to the Offering are subject to a four month plus one day hold period from the date of issuance, expiring on April 3, 2026, pursuant to applicable Canadian securities laws.

Gross proceeds from the Offering will be used for the exploration, development and property payments of the Company's Talapoosa gold-silver project in the Walker Lane Trend in Nevada and for working capital and corporate purposes. No finder's fees or commissions were paid in connection with the Offering.

The Offering is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") because directors and officers of the Company acquired an aggregate of 3,075,000 Units pursuant to the Offering. The Company was exempt from the requirement to obtain a formal valuation or minority shareholder approval in connection with the participation in the Offering by such directors and officers in reliance of Sections 5.5(b) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the Offering less than 21 days in advance of the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and to complete the Offering in an expeditious manner.

Mr. Randy Reifel, Chairman, President and Chief Executive Officer of the Company, acquired 2,500,000 Units pursuant to the Offering. Following completion of the Offering, Mr. Reifel holds, directly and indirectly, an aggregate of 10,110,001 Common Shares, representing approximately 16.9% of the issued and outstanding Common Shares on an undiluted basis. Mr. Reifel also holds, directly, an aggregate of 500,000 stock options and an aggregate of 1,250,000 Warrants, entitling him to acquire an equal number of Common Shares. Assuming the exercise of all of Mr. Reifel's stock options and Warrants, an aggregate of 11,860,001 Common Shares will be, directly or indirectly, owned by Mr. Reifel, representing approximately 19.8% of the current issued and outstanding Common Shares on a partially-diluted basis. Mr. Reifel acquired the Units for investment purposes. He will review his holdings from time to time and may increase or decrease his position as future circumstances may dictate. The early warning report of Mr. Reifel, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed under the Company's SEDAR+ profile at www.sedarplus.ca.

For further information, contact Mr. Reifel at the following address and phone number: Suite 201, 1512 Yew Street, Vancouver, BC V6K 3E4 (604) 731-2219.

The securities to be issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

For more information on Gunpoint, please visit our website at www.gunpointexploration.com or contact Randy Reifel, President at (604) 731-2219.

GUNPOINT EXPLORATION LTD.

"P. Randy Reifel"

President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

Certain statements contained in this news release constitute forward-looking Information under applicable Canadian securities laws, including, without limitation, statements with respect to the planned use of proceeds from the Offering. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth in the section entitled "Risk and Uncertainties" in the Company's management's discussion and analysis for the nine months ended September 30, 2025, available under the Company's profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276738

FAQ

How much did Gunpoint (CJIMF) raise in the December 2, 2025 private placement?

Gunpoint raised $3.35 million from the sale of 8,375,000 Units at $0.40 per Unit.

What does each Unit include in Gunpoint's (CJIMF) financing closed Dec 2, 2025?

Each Unit comprises one common share and one‑half of a common share purchase warrant exercisable at $0.60 until Dec 2, 2027.

How will Gunpoint (CJIMF) use proceeds from the $3.35M financing?

Proceeds are designated for exploration, development and property payments at the Talapoosa project and for working capital and corporate purposes.

Did insiders participate in Gunpoint's (CJIMF) December 2025 offering and how much?

Yes—directors and officers acquired an aggregate of 3,075,000 Units; CEO Randy Reifel acquired 2,500,000 Units.

What is the potential warrant dilution from Gunpoint's (CJIMF) offering?

The offering created up to 4,187,500 warrants (one‑half per Unit) exercisable at $0.60 through Dec 2, 2027.

When do the hold periods expire for securities issued in Gunpoint's (CJIMF) private placement?

The securities are subject to a four‑month plus one day hold period, expiring on April 3, 2026.