Search Minerals Announces Amended Terms for Non-Brokered Private Placement Financings
Search Minerals (OTC:SHCMF) amended terms for previously announced non-brokered private placements to raise up to $993,847 in gross proceeds.
The revised financings include a flow-through unit placement of up to 1,487,694 FT Units at $0.50 per FT Unit for gross proceeds up to $743,847, and a hard-dollar share placement of up to 757,576 Offered Shares at $0.33 per share for gross proceeds up to $250,000. The company increased the hard-dollar price from $0.25 to $0.33.
Each FT Unit includes one FT share and one-half warrant; each whole warrant is exercisable at $0.65 for 24 months. FT proceeds target eligible Canadian exploration expenses for Foxtrot and Deep Fox projects and may qualify for the Critical Mineral Exploration Tax Credit. Financings are subject to regulatory approvals and securities will have a four-month-and-one-day hold period.
Search Minerals (OTC:SHCMF) ha modificato i termini delle precedenti collocazioni private non brokerate annunciate per raccogliere fino a $993.847 di proventi lordi.
Le modifiche finanziarie includono una collocazione di unità flow-through fino a 1.487.694 FT Units a $0,50 per unità FT, per proventi lordi fino a $743.847, e una collocazione di azioni a capitale fisso (hard-dollar) fino a 757.576 Offered Shares a $0,33 per azione per proventi lordi fino a $250.000. L'azienda ha aumentato il prezzo a capitale fisso da $0,25 a $0,33.
Ogni unità FT comprende una azione FT e un warrant pari alla metà; ogni warrant intero è esercitabile a $0,65 per 24 mesi.
I proventi FT mirano a spese ammissibili per esplorazione in Canada relative ai progetti Foxtrot e Deep Fox e potrebbero qualificarsi per il Critical Mineral Exploration Tax Credit. Le operazioni sono soggette ad approvazioni regolamentari e i titoli saranno soggetti a un periodo di blocco di quattro mesi e un giorno.
Search Minerals (OTC:SHCMF) enmendó los términos de colocaciones privadas no intermediadas previamente anunciadas para recaudar hasta $993,847 en ingresos brutos.
Las financiaciones revisadas incluyen una colocación de unidades de flujo continuo (flow-through) de hasta 1.487.694 FT Units a $0,50 por unidad FT para ingresos brutos de hasta $743.847, y una colocación de acciones a precio fijo de hasta 757.576 Offered Shares a $0,33 por acción para ingresos brutos de hasta $250.000. La empresa aumentó el precio a precio fijo de $0,25 a $0,33.
Cada unidad FT incluye una acción FT y una warrants por la mitad; cada warrant completo es exercitable a $0,65 por 24 meses. Los ingresos FT apuntan a gastos elegibles de exploración canadienses para los proyectos Foxtrot y Deep Fox y pueden calificar para el Critical Mineral Exploration Tax Credit. Las financiaciones están sujetas a aprobaciones regulatorias y los valores tendrán un período de retención de cuatro meses y un día.
Search Minerals (OTC:SHCMF)는 이전에 발표된 비 중개(private) 사모 배정 조건을 수정하여 총 수익이 최대 $993,847가 되도록 한다.
수정된 재원 조달에는 FT 유닛당 $0.50의 가격으로 1,487,694 FT Units까지의 플로우스루 유닛 배정이 포함되며 총 수익은 최대 $743,847이고, 하드달러 주식 배정으로 757,576 Offered Shares를 $0.33에 배정하여 총 수익이 최대 $250,000가 된다. 회사는 하드달러 가격을 $0.25에서 $0.33로 올렸다.
각 FT 유닛에는 하나의 FT 주식과 절반의 워런트가 포함되며, 각 전체 워런트는 $0.65에 24개월간 행사 가능하다. FT 수익은 Foxtrot 및 Deep Fox 프로젝트의 캐나다 탐사 비용 중 eligible 항목으로 적합하며 Critical Mineral Exploration Tax Credit를 받을 수 있다. 재정 조달은 규제 승인을 필요로 하며 증권은 4개월 1일의 보유 기간이 있다.
Search Minerals (OTC:SHCMF) a modifié les conditions des placements privés non placés par des courtiers annoncés précédemment afin de lever jusqu'à $993 847 de produits bruts.
Les financements révisés comprennent une mise en place d’unités flow-through jusqu’à 1 487 694 FT Units à $0,50 par unité FT pour des produits bruts allant jusqu’à $743 847, et une placement d’actions à prix fixe jusqu’à 757 576 Offered Shares à $0,33 par action pour des produits bruts jusqu’à $250 000. L’entreprise a relevé le prix à l’offre fixe de $0,25 à $0,33.
Chaque unité FT comprend une action FT et une moitié de warrant ; chaque warrant entier peut être exercé à $0,65 pendant 24 mois. Les produits FT visent des dépenses d’exploration éligibles au Canada pour les projets Foxtrot et Deep Fox et pourraient être admissibles au Critical Mineral Exploration Tax Credit. Les financements sont soumis à des approbations réglementaires et les valeurs mobilières auront une période de suspension de quatre mois et un jour.
Search Minerals (OTC:SHCMF) hat die Bedingungen früher angekündigter nicht gemittelter Privatplatzierungen geändert, um brutto bis zu $993.847 zu erzielen.
Die überarbeiteten Finanzierungen umfassen eine Platzierung von Flow-Through-Einheiten bis zu 1.487.694 FT Units zu $0,50 pro FT-Einheit für Bruttoerlöse bis zu $743.847 und eine Hard-Dollar-Aktienplatzierung von bis zu 757.576 Offered Shares zu $0,33 pro Aktie für Bruttoerlöse bis zu $250.000. Das Unternehmen hat den Hard-Dollar-Preis von $0,25 auf $0,33 erhöht.
Jede FT-Einheit enthält eine FT-Aktie und eine halbe Verwandelbare, jede ganze Verwandelbare kann für $0,65 für 24 Monate ausgeübt werden. Die FT-Erlöse zielen auf zulässige kanadische Explorationsausgaben für die Foxtrot- und Deep Fox-Projekte ab und können für den Critical Mineral Exploration Tax Credit qualifizieren. Die Finanzierungen unterliegen behördlichen Genehmigungen und Wertpapiere werden eine Haltefrist von vier Monaten und einem Tag haben.
Search Minerals (OTC:SHCMF) عدّلت الشروط الخاصة بعمليات التمويل الخاصة غير الوسيطة التي أُعلن عنها سابقاً لرفع حتى $993,847 من العائدات الإجمالية.
تشمل التمويلات المراجعة إتمام عرض وحدات تدفق مالي حتى 1,487,694 FT Units بسعر $0,50 للوحدة الواحدة من FT لإجمالي عائدات يصل إلى $743,847، وعرض أسهم ثابت السعر حتى 757,576 Offered Shares بسعر $0,33 للسهم لإجمالي عائدات يصل إلى $250,000. زادت الشركة السعر الثابت من $0,25 إلى $0,33.
كل وحدة FT تتضمن سهماً FT ونصف سند رهن؛ كل سند رهن كامل يمكن ممارسته بسعر $0,65 خلال 24 شهراً. تستهدف عوائد FT نفقات استكشاف كندية مؤهلة لمشروعي Foxtrot وDeep Fox وقد تكون مؤهلة للحصول على ائتمان ضريبي لاستكشاف المعادن الحرجة. تخضع التمويلات للموافقات التنظيمية وتكون الأوراق المالية مُعرّفة بفترة حجز أربعة أشهر ويوم واحد.
Search Minerals (OTC:SHCMF) 修改了先前宣布的非经纪私募发行条款，拟筹集最高 $993,847 的毛额收益。
修订后的融资包括至多 1,487,694 FT Units 的-flow-through单位配售，价格为每份 $0,50，毛额收益最高为 $743,847，以及至多 757,576 Offered Shares 的硬性价格股票配售，价格为每股 $0,33，毛额收益最高为 $250,000。公司将硬性价格从 $0,25 提升至 $0,33。
每份 FT Unit 包含一股 FT 股票和一半认股权证；每张完整认股权证可在 $0,65 的价格下执行，期限为 24 个月。FT 收益用于 Foxtrot 与 Deep Fox 项目的合格加拿大勘探支出，可能符合 Critical Mineral Exploration Tax Credit 的资格。融资需经监管批准，证券将设有 四个月零一天 的锁定期。
- Gross proceeds capacity of $993,847
- FT Financing directs up to $743,847 to eligible Canadian exploration expenses
- Increased hard-dollar price from $0.25 to $0.33 reduces shares issued per dollar
- Up to 1,487,694 FT Units and 757,576 Offered Shares issued could dilute existing shareholders
- Financings are subject to regulatory approvals and may not complete
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - October 10, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce that it has amended the terms of its previously announced non-brokered private placement financings for gross proceeds of up to
Under the amended terms for the financings, the Company has increased the price for its hard-dollar private placement from
- A non-brokered charity flow-through unit private placement through an arrangement with Wealth Creation Preservation & Donation Inc. of up to 1,487,694 units (the "FT Units") at a price of
$0.50 per FT Unit for gross proceeds of up to$743,847 (the "FT Financing"). Each FT Unit will consist of one flow-through common share (a "FT Share") and one-half of one transferable non-flow-through common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one non-flow-through common share of the Company at an exercise price of$0.65 for a period of 24 months following the date of issuance.
- A non-brokered hard-dollar private placement of up to 757,576 common shares (the "Offered Shares") at a price of
$0.33 per Offered Share for gross proceeds of up to$250,000 (the "Share Financing" and together with the FT Financing, the "Financings").
The gross proceeds from the FT Financing will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada) related to the Company's Foxtrot and Deep Fox projects in Labrador. The Company also intends that such expenses incurred will be eligible for the Critical Mineral Exploration Tax Credit. The net proceeds from the Share Financing will be used by the Company for working capital and general corporate purposes.
The Financings are subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. There can be no assurance that the Financings will be completed, whether in whole or in part.
The FT Shares and Warrants comprising the FT Units and the Offered Shares, as well as the common shares issuable on exercise of the Warrants, will be subject to a hold period of four months and one day from the closing date of the applicable Financings in accordance with applicable securities laws.
The securities to be issued pursuant to the Financings have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
For further information about Search Minerals, please contact:
Joseph Lanzon
CEO and Director
Telephone: 613-796-5957
Email: joseph.lanzon@searchminerals.ca
About Search Minerals
Search Minerals is focused on exploring for and developing Critical Rare Earths Elements (CREE) as well as transition metals Zirconium (Zr) and Hafnium (Hf) within the emerging Port Hope Simpson - St. Lewis CREE District of South-East Labrador. The Company controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and numerous other CREE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometre long belt forming a CREE District in Labrador.
Search Minerals also controls additional CREE assets in the Red Wine CREE District of central Labrador. These include: the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect" "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information in this news release are based on certain material assumptions and involve, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Search Minerals to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, those factors discussed in Search Minerals' public filings. Although Search Minerals has attempted to identify important factors that could affect Search Minerals and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business, see the Company's Management's Discussion and Analysis filed with certain Canadian securities regulators, which are available at www.sedarplus.ca. Except as required by law, Search Minerals does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269960
FAQ
How much is Search Minerals (SHCMF) aiming to raise with the amended private placements on October 10, 2025?
What are the terms of the flow-through units in Search Minerals' (SHCMF) financing?
What changed in the hard-dollar private placement for Search Minerals (SHCMF)?
How will Search Minerals (SHCMF) use the proceeds from the flow-through financing?
Are the financings for Search Minerals (SHCMF) finalized?
Will securities issued in the Search Minerals (SHCMF) financings be tradable immediately?
