Linear Minerals Corp Closes First Tranche of Private Placement Financing

Rhea-AI Summary

Linear Minerals (OTCQB:LINMF / CSE:LINE) closed the first tranche of a non-brokered private placement announced December 10, 2025.

The first tranche issued 3,000,000 flow-through shares at $0.05 per share for $150,000 and 3,000,000 hard-dollar units at $0.05 per unit for $150,000, for $300,000 gross proceeds in this tranche toward a maximum $900,000 raise.

Each hard-dollar unit includes a one-year warrant exercisable at $0.25. A 6% finder’s fee of $9,000 was paid. Securities are subject to a statutory hold of four months plus one day. Final closing is subject to CSE and other regulatory approvals. Proceeds will be used for general working capital and further exploration on Quebec properties.

Positive

• First tranche raised $300,000 in gross proceeds
• Issued 3,000,000 flow-through shares to fund exploration
• Hard-dollar units include one-year warrants at $0.25

Negative

• Issued 6,000,000 new securities, causing shareholder dilution
• Paid $9,000 finder’s fee (6% of tranche proceeds)
• Full financing subject to CSE and regulatory approvals

VANCOUVER, BC / ACCESS Newswire / December 16, 2025 / Linear Minerals Corp. ("Linear" or the "Company") (CSE:LINE)(OTCQB:LINMF) (WKN: A40 Y3E) is pleased to announce it has closed the first tranche of the non-brokered private placement previously announced on December 10, 2025 for gross proceeds of up to $900,000. As part of the closing the first tranche, the Company will issue 3,000,000 flow-through common shares at a price of $0.05 cents per share for gross proceeds of $150,000. In addition, the Company will issue 3,000,000 hard-dollar units at a price of $0.05 cents per share and one common share purchase warrant for gross proceeds of $150,000. Each hard-dollar warrant entitles the holder to purchase one common share at a price of 25 cents for a period of one year from the issue date and will pay 6% cash in finder's fee of $9,000.

Final closing of the private placement is subject to obtaining all required approvals, including from the CSE, and any other regulatory approval. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The proceeds from the private placement will be used for general working capital and to its further exploration efforts on its properties located in Quebec

ON BEHALF OF THE BOARD OF
LINEAR MINERALS CORP.

"Gurminder Sangha"

Gurminder Sangha
CEO & Director

For further information, please contact the Company at info@linearminerals.com

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Disclaimer for Forward-looking Information

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

SOURCE: Linear Minerals Corp.

View the original press release on ACCESS Newswire

FAQ

How much did Linear Minerals (LINMF) raise in the first tranche on December 16, 2025?

$300,000 gross proceeds were raised in the first tranche.

What securities did LINMF issue in the December 16, 2025 tranche?

LINMF issued 3,000,000 flow-through shares and 3,000,000 hard-dollar units.

What are the warrant terms included with LINMF hard-dollar units?

Each hard-dollar unit includes a warrant exercisable at $0.25 for one year from issue.

What will LINMF use the proceeds from the private placement for?

Proceeds are for general working capital and further exploration on Quebec properties.

Is the private placement fully closed for LINMF (OTCQB:LINMF)?

No. Final closing is subject to CSE and other regulatory approvals.

Are the securities from LINMF's financing immediately tradable?

No. Securities are subject to a statutory hold period of four months plus one day.