Inspiration Energy Arranges $975,000 Financing

Rhea-AI Summary

Inspiration Energy Corp (CSE: ISP, OTC: ISPNF) has announced a non-brokered private placement financing to raise $975,000 through the sale of 9,750,000 units at $0.10 per unit. Each unit includes one common share and one transferable warrant, with warrants exercisable at $0.16 per share for 36 months after closing.

The company has secured CSE price protection for the securities. The proceeds will fund the planned drill program at the Rottenstone North Gold Project in Saskatchewan and support strategic marketing initiatives. The placement is expected to close in early May 2025, subject to regulatory approvals. Issued shares will have a four-month and one day hold period.

Positive

• Secured $975,000 in new financing to fund operations
• Obtained CSE price protection for the securities
• Warrants provide potential additional funding at $0.16 per share

Negative

• Dilutive impact on existing shareholders through issuance of 9,750,000 new units
• Additional potential dilution if warrants are exercised

Vancouver, British Columbia--(Newsfile Corp. - April 25, 2025) - Inspiration Energy Corp. (CSE: ISP) (WKN: A40GPX) (OTC Pink: ISPNF) ("Inspiration" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") for aggregate gross proceeds of $975,000 from the sale of up to 9,750,000 units of the Company at $0.10 per unit (each, a "Unit"). Inspiration has obtained CSE price protection for the securities issued under the Offering.

Each Unit will comprise one common share (each, a "Unit Share") and one transferable common share purchase warrant (each, a "Warrant") of the Company. Each Warrant will entitle the subscriber to purchase one common share of the Company (each, a "Warrant Share") for a 36-month period after the closing date of the Offering at an exercise price of $0.16 per common share.

Charles Desjardins, President and CEO of the Company commented, "This placement will provide additional flexibility for the planned drill program at the Rottenstone North Gold Project, which is currently in development, and will support Inspiration's strategic marketing initiatives. We anticipate closing the placement in early May."

Closing of the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Net proceeds of the Offering will be used to advance the Company's Rottenstone North Gold Project in Saskatchewan and for general working capital purposes.

Shares issued pursuant to the Offering will be subject to a four-month and one day hold period according to applicable securities laws of Canada.

About Inspiration Energy Corp.

Inspiration Energy Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the Company's properties. For more information, please refer to the Company's information available on SEDAR+ (www.sedarplus.ca).

On Behalf of the Board of Directors
Charles Desjardins
CEO, President and Director
Phone: 604-808-3156
Email: info@inspiration.energy

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249837

FAQ

What are the terms of Inspiration Energy's (ISPNF) April 2025 private placement?

The private placement offers 9,750,000 units at $0.10 each, with each unit containing one common share and one warrant exercisable at $0.16 for 36 months.

How much funding is Inspiration Energy (ISPNF) raising in its latest financing round?

Inspiration Energy is raising $975,000 through a non-brokered private placement financing.

What will Inspiration Energy (ISPNF) use the proceeds from the $975,000 financing for?

The proceeds will be used to advance the Rottenstone North Gold Project in Saskatchewan and for general working capital purposes.

When will Inspiration Energy's (ISPNF) private placement financing close?

The private placement is expected to close in early May 2025, subject to regulatory approvals.