Search Minerals Announces Non-Brokered Private Placement Financings
Search Minerals (TSXV: SMY) has announced plans for non-brokered private placement financings to raise up to $993,847. The financing consists of two parts: a charity flow-through unit private placement of up to 1,487,694 units at $0.50 per unit for gross proceeds of up to $743,847, and a hard-dollar private placement of up to 1,000,000 common shares at $0.25 per share for gross proceeds of up to $250,000.
Each flow-through unit includes one flow-through common share and half of one transferable warrant, with each whole warrant exercisable at $0.65 for 24 months. The proceeds will fund Canadian exploration expenses at the company's Foxtrot and Deep Fox projects in Labrador, while the share financing proceeds will be used for working capital.
Search Minerals (TSXV: SMY) ha annunciato piani per collocamenti privati non assistiti da broker per raccogliere fino a 993.847 $. Il finanziamento si divide in due parti: un collocamento di unità flow-through di beneficenza fino a 1.487.694 unità a 0,50 $ per unità per un incasso lordo fino a 743.847 $, e un collocamento privato in contanti di fino a 1.000.000 di azioni ordinarie a 0,25 $ per azione per un incasso lordo fino a 250.000 $.
Ciascuna unità flow-through include una comune azione flow-through e la metà di un warrant trasferibile, con ogni warrant intero exercitabile a 0,65 $ per 24 mesi. I proventi finanzieranno spese di esplorazione canadesi nei progetti Foxtrot e Deep Fox in Labrador, mentre i proventi della vendita di azioni saranno impiegati per il capitale circolante.
Search Minerals (TSXV: SMY) ha anunciado planes de colocaciones privadas no gestionadas por corredores para recaudar hasta $993,847. El financiamiento se compone de dos partes: una colocación de unidades flow-through de caridad de hasta 1,487,694 unidades a $0.50 por unidad para ingresos brutos de hasta $743,847, y una colocación privada en efectivo de hasta $1,000,000 de acciones ordinarias a $0.25 por acción para ingresos brutos de hasta $250,000.
Cada unidad flow-through incluye una acción ordinaria flow-through y la mitad de una opción transferible, con cada opción entera ejercitable a $0.65 por 24 meses. Los ingresos financiarán gastos de exploración canadienses en los proyectos Foxtrot y Deep Fox en Labrador, mientras que los ingresos de la oferta de acciones se usarán para capital de trabajo.
Search Minerals (TSXV: SMY)가 중개사 없이 비공개 자금조달을 통해 최대 $993,847를 모을 계획을 발표했습니다. 자금조달은 두 부분으로 구성됩니다: 최대 1,487,694유닛의 자선 플로우-쓰루 유닛 private placement가 단위당 $0.50로 최대 $743,847의 총모집금, 그리고 최대 1,000,000주의 일반주를 $0.25에 매입하는 현금 프라이빗 플레이먼트가 최대 $250,000의 총모집금을 각각 제공합니다.
각 플로우-쓰루 유닛은 하나의 플로우-쓰루 일반주와 이양 가능한 워런트의 절반을 포함하며, 전체 워런트는 $0.65, 24개월간 행사 가능합니다. 조달금은 래더버드의 Foxtrot 및 Deep Fox 프로젝트의 캐나다 탐사비에 사용되며, 주식 자금 조달 수익은 운전자본으로 사용됩니다.
Search Minerals (TSXV: SMY) a annoncé des plans de placements privés hors courtier pour lever jusqu’à 993 847 $. Le financement se compose de deux volets : une placement privé d’unités flow-through à but caritatif allant jusqu’à 1 487 694 unités à 0,50 $ l’unité pour une collecte brute jusqu’à 743 847 $, et une placement privé en espèces allant jusqu’à 1 000 000 d’actions ordinaires à 0,25 $ l’action pour une collecte brute jusqu’à 250 000 $.
Chaque unité flow-through comprend une action ordinaire flow-through et la moitié d’un warrant transférable, chaque warrant entier pouvant être exercé à 0,65 $ pendant 24 mois. Les fonds serviront à financer les dépenses d’exploration canadiennes sur les projets Foxtrot et Deep Fox à Labrador, tandis que les produits de l’offre d’actions serviront à financer le fonds de roulement.
Search Minerals (TSXV: SMY) hat Pläne für nicht brokerunterstützte Privatplatzierungen angekündigt, um bis zu 993.847 $ aufzubringen. Die Finanzierung besteht aus zwei Teilen: einer wohltätigkeitsorientierten Flow-Through-Einheiten-Private-Platzierung von bis zu 1.487.694 Einheiten zu je 0,50 $ für Bruttoerlöse von bis zu 743.847 $ und einer Bare-Private-Platzierung von bis zu 1.000.000 Stammaktien zu je 0,25 $ für Bruttoerlöse von bis zu 250.000 $.
Jede Flow-Through-Einheit enthält eine Flow-Through-Stammaktie und die Hälfte eines übertragbaren Warrants, wobei jeder komplette Warrants exercisable ist zu 0,65 $ für 24 Monate. Die Mittel dienen der canadischen Explorationskostenfinanzierung bei den Foxtrot- und Deep Fox-Projekten in Labrador, während die Mittel aus der Aktienplatzierung für Betriebskapital verwendet werden.
Search Minerals (TSXV: SMY) قد أعلنت عن خطط لإجراء موجزات خاصة غير مدارة من قبل SBD لرفع ما يصل إلى $993,847. يتكون التمويل من جزأين: تقسيم وضع وحدات تدفق-خيري خيري حتى 1,487,694 وحدة بسعر 0.50 دولار للوحدة بإيرادات إجمالية حتى $743,847، وتمكين خاص نقدي حتى 1,000,000 سهم عادي بسعر 0.25 دولار للسهم لإيرادات إجمالية حتى $250,000.
كل وحدة تدفق-خيري تشمل سهماً عاديًا تدفقياً ونصف وِردان قابل للنقل، مع أن كل واعِد كامل يمكن ممارسته بــ 0.65 دولار لمدة 24 شهراً. ستستخدم العوائد لتمويل نفقات الاستكشاف الكندية في مشروعات Foxtrot وDeep Fox في لابرادور، بينما ستُستخدم عوائد تمويل الأسهم لرأس المال العامل.
Search Minerals（TSXV: SMY） 宣布计划进行非经纪自有私募融资，募集上限为993,847美元。本次融资分为两部分：一部分为慈善型flow-through单位私募，共最多1,487,694单位，每单位0.50美元，毛募资上限为743,847美元；另一部分为现金私募，最多买入1,000,000股普通股，每股0.25美元，毛募资上限为250,000美元。
每个flow-through单位包含一股flow-through普通股和半个可转让认股权证，完整认股权证可在24个月内以0.65美元行权。募集资金将用于在拉布拉多省的Foxtrot和Deep Fox项目进行加拿大探矿支出，普通股融资所得将用于营运资金。
- Financing will provide additional working capital for operations
- Expenses will be eligible for Critical Mineral Exploration Tax Credit
- Warrants provide potential for additional future capital at $0.65 per share
- Significant dilution to existing shareholders through new share issuance
- 25% discount on hard-dollar shares compared to flow-through unit price
- No guarantee the financing will be completed in whole or in part
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - September 24, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce that it intends to conduct non-brokered private placement financings for gross proceeds of up to
The financings consist of 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
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/267818
FAQ
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