iMetal Resources Announces Non-Brokered Private Placement
iMetal Resources (OTCQB: IMRFF) has announced a non-brokered private placement offering of up to 50,000,000 units at $0.10 per unit, aiming to raise gross proceeds of up to $5,000,000.
Each unit consists of one common share and one transferable share purchase warrant. The warrants allow holders to purchase additional shares at $0.20 per share for 24 months, with an acceleration clause if the stock price exceeds $0.50 for ten consecutive trading days.
The company plans to use the proceeds for exploration of current properties, potential new acquisitions, and general working capital. The offering is subject to regulatory approvals, and securities will have a four-month hold period.
iMetal Resources (OTCQB: IMRFF) ha annunciato un'offerta privata senza intermediari fino a 50.000.000 di unità a 0,10$ per unità, con l'obiettivo di raccogliere proventi lordi fino a 5.000.000$.
Ciascuna unità è composta da un'azione ordinaria e da un warrant trasferibile per l'acquisto di azioni. I warrant consentono ai titolari di acquistare azioni aggiuntive a 0,20$ per azione per 24 mesi, con una clausola di accelerazione se il prezzo delle azioni supera 0,50$ per dieci giorni di negoziazione consecutivi.
L'azienda intende utilizzare i fondi per l'esplorazione delle proprietà attuali, potenziali nuove acquisizioni e capitale circolante generale. L'offerta è soggetta ad approvazioni normative e i titoli avranno un periodo di blocco di quattro mesi.
iMetal Resources (OTCQB: IMRFF) ha anunciado una colocación privada sin intermediarios de hasta 50,000,000 unidades a $0.10 por unidad, con el objetivo de recaudar ingresos brutos de hasta $5,000,000.
Cada unidad consiste en una acción común y un warrant transferible para comprar acciones. Los warrants permiten a los tenedores comprar acciones adicionales a $0.20 por acción durante 24 meses, con una cláusula de aceleración si el precio de la acción supera $0.50 durante diez días consecutivos de negociación.
La compañía planea usar los fondos para la exploración de propiedades actuales, posibles nuevas adquisiciones y capital de trabajo general. La oferta está sujeta a aprobaciones regulatorias y los valores tendrán un período de retención de cuatro meses.
iMetal Resources (OTCQB: IMRFF)는 중개인 없이 최대 50,000,000 단위, 단위당 $0.10의 사모 증자를 발표했으며, 총 최대 $5,000,000의 자금을 조달할 계획입니다.
각 단위는 보통주 1주와 양도 가능한 주식매수권 1개로 구성됩니다. 주식매수권은 보유자가 24개월 동안 주당 $0.20에 추가 주식을 구매할 수 있도록 하며, 주가가 연속 10거래일 동안 $0.50를 초과할 경우 조기 행사 조항이 적용됩니다.
회사는 조달 자금을 현재 보유 자산 탐사, 잠재적 신규 인수 및 일반 운전자본으로 사용할 계획입니다. 이번 증자는 규제 승인 대상이며, 증권은 4개월의 보유 기간이 적용됩니다.
iMetal Resources (OTCQB : IMRFF) a annoncé une offre privée sans intermédiaire portant sur jusqu'à 50 000 000 d’unités à 0,10 $ l’unité, visant à lever un produit brut pouvant atteindre 5 000 000 $.
Chaque unité comprend une action ordinaire et un bon de souscription transférable. Ces bons permettent à leurs détenteurs d’acheter des actions supplémentaires à 0,20 $ par action pendant 24 mois, avec une clause d’accélération si le cours de l’action dépasse 0,50 $ pendant dix jours de bourse consécutifs.
La société prévoit d’utiliser les fonds pour l’exploration des propriétés actuelles, d’éventuelles nouvelles acquisitions et le fonds de roulement général. L’offre est soumise à des approbations réglementaires et les titres seront soumis à une période de blocage de quatre mois.
iMetal Resources (OTCQB: IMRFF) hat eine nicht vermittelte Privatplatzierung von bis zu 50.000.000 Einheiten zu je 0,10 $ angekündigt, mit dem Ziel, Bruttoerlöse von bis zu 5.000.000 $ zu erzielen.
Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Bezugsrecht. Die Bezugsrechte ermöglichen es den Inhabern, innerhalb von 24 Monaten zusätzliche Aktien zum Preis von 0,20 $ pro Aktie zu erwerben, mit einer Beschleunigungsklausel, falls der Aktienkurs an zehn aufeinanderfolgenden Handelstagen 0,50 $ übersteigt.
Das Unternehmen plant, die Erlöse für die Erkundung der aktuellen Grundstücke, mögliche neue Akquisitionen und das allgemeine Betriebskapital zu verwenden. Das Angebot unterliegt behördlichen Genehmigungen, und die Wertpapiere unterliegen einer viermonatigen Haltefrist.
- Potential to raise up to $5 million in fresh capital
- Warrant exercise could bring additional capital at $0.20 per share
- Funds allocated for exploration and potential acquisitions
- 24-month warrant term provides extended funding opportunity
- Significant dilution with up to 50 million new units being issued
- Additional potential dilution from warrant exercises
- Four-month hold period restricts immediate trading
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that it will offer (the "Offering") up to 50,000,000 units (each, a "Unit") at a price of
Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one transferable share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of
The Company intends to use the net proceeds of the Offering towards further exploration at the Company's current properties, any new potential acquisitions that are currently under review as well as for general working capital.
In connection with the Offering, the Company may be finders' fees to eligible third-parties who have assisted in introducing subscribers. Completion of the Offering remains subject to receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issue, in accordance with applicable Canadian securities laws.
About iMetal Resources Inc.
iMetal is a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The flagship property Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5m at 0.85 g/t gold that borders the Juby Deposit and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 220-hectare Ghost Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres W of Agnico Eagle's Holt and Holloway Mine. Carheil is an exploration stage project with multi-metal potential and previous graphite results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
iMetal Resources Inc.
saf@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
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.
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of iMetal to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the use of proceeds with respect to the Offering and the Company's ability to gain approval from the TSX Venture Exchange. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257247
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