Transition Metals Corp Announces a $700,000 Private Placement
Transition Metals Corp (TSXV: XTM) has announced plans to raise up to $700,000 through a non-brokered private placement. The offering consists of up to 9,333,333 Critical Flow Through Shares priced at $0.075 per share.
The company may pay finder's fees of 6% cash and 6% non-transferable share purchase warrants with an exercise price of $0.12, valid for 18 months. Proceeds will be used to explore critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au-Ag-Cu). The offering is subject to TSX Venture Exchange approval and includes a four-month restricted resale period.
Transition Metals Corp (TSXV: XTM) ha annunciato piani per raccogliere fino a $700,000 attraverso un collocamento privato non brokerato. L'offerta consiste in fino a 9.333.333 azioni Critical Flow Through a un prezzo di $0.075 per azione.
La società potrebbe pagare onorari agli intermediari pari al 6% in contanti e 6% in warrants di acquisto azioni non trasferibili con un prezzo di esercizio di $0.12, validi per 18 mesi. I proventi saranno utilizzati per esplorare proprietà di minerali critici in Ontario (Saturday Night PGM) e nello Yukon (Pike Warden Au-Ag-Cu). L'offerta è soggetta all'approvazione della TSX Venture Exchange e prevede un periodo di vendita resrtricato di quattro mesi.
Transition Metals Corp (TSXV: XTM) ha anunciado planes para recaudar hasta $700,000 a través de una colocación privada no intermediada. La oferta consiste en hasta 9,333,333 Acciones Critical Flow Through a un precio de $0.075 por acción.
La compañía podría pagar comisiones de localización del 6% en efectivo y 6% en warrants de compra de acciones no transferibles con un precio de ejercicio de $0.12, válidos por 18 meses. Los fondos se utilizarán para explorar propiedades de minerales críticos en Ontario (Saturday Night PGM) y Yukon (Pike Warden Au-Ag-Cu). La oferta está sujeta a la aprobación de la TSX Venture Exchange e incluye un período de reventa restringida de cuatro meses.
Transition Metals Corp (TSXV: XTM)은 중개인 없는 비공개 배정을 통해 최대 $700,000를 조달할 계획이라고 발표했습니다. 이번 공모는 최대 9,333,333 주의 Critical Flow Through 주식을 주당 $0.075에 발행하는 형태입니다.
회사는 수수료로 현금 6% 및 양도 불가능한 주식매수권 6%를 지급할 수 있으며, 행사 가격은 $0.12이고 유효 기간은 18개월입니다. 모금된 자금은 온타리오주(Saturday Night PGM)와 유콘주(Pike Warden Au-Ag-Cu)에서의 중요 광물 자원 탐사에 사용될 예정입니다. 본 공모는 TSX Venture Exchange의 승인을 필요로 하며 4개월의 제한된 재매각 기간이 포함됩니다.
Transition Metals Corp (TSXV: XTM) a annoncé son intention de lever jusqu'à $700,000 via un placement privé non intermédié par un courtier. L'offre comprend jusqu'à 9 333 333 actions Critical Flow Through au prix de $0,075 par action.
La société peut payer des frais de recherche de 6% en espèces et 6% en bons d'achat d'actions non transférables avec un prix d'exercice de $0,12, valables 18 mois. Les fonds seront utilisés pour explorer des propriétés de minéraux critiques en Ontario (Saturday Night PGM) et au Yukon (Pike Warden Au-Ag-Cu). L'offre est soumise à l'approbation de la TSX Venture Exchange et comprend une période de revente restreinte de quatre mois.
Transition Metals Corp (TSXV: XTM) hat Pläne bekannt gegeben, bis zu $700,000 durch eine nicht vermittelte Privatplatzierung zu beschaffen. Das Angebot umfasst bis zu 9.333.333 Critical Flow Through-Aktien zum Preis von $0,075 pro Aktie.
Das Unternehmen kann Vermittlungsgebühren von 6% Bar und 6% nicht übertragbare Aktienkauf-Warrants mit einem Ausübungspreis von $0,12 zahlen, gültig für 18 Monate. Die Mittel werden verwendet, um Critical-Mineralien-Eigentum in Ontario (Saturday Night PGM) und Yukon (Pike Warden Au-Ag-Cu) zu erkunden. Die Platzierung unterliegt der Genehmigung der TSX Venture Exchange und umfasst eine viermonatige eingeschränkte Veräußerungsfrist.
Transition Metals Corp (TSXV: XTM) أعلن عن خطط لجمع ما يصل إلى $700,000 من خلال طرح خاص غير وسيط. تتألف العروض من حتى 9,333,333 سهماً من Critical Flow Through بسعر $0.075 للسهم.
قد تدفع الشركة عمولات للمعرفين قدرها 6% نقداً و 6% ب Warrants شراء أسهم غير قابلة للتحويل بسعر ممارسة $0.12، صالحة لمدة 18 شهراً. سيتم استخدام العائدات لاستكشاف ممتلكات المعادن الحرجة في أونتاريو (Saturday Night PGM) ويونيون (Pike Warden Au-Ag-Cu). العرض خاضع لموافقة TSX Venture Exchange ويتضمن فترة إعادة بيع مقيدة لمدة أربعة أشهر.
Transition Metals Corp (TSXV: XTM) 已宣布计划通过非经纪人私人配售募集最高 $700,000。此次发行包括最高 9,333,333 股 Critical Flow Through 股，每股价格为 $0.075。
公司可能支付给介绍方 6% 现金 以及 6% 不可转让的认购权证，行使价为 $0.12，有效期为 18 个月。募集资金将用于在安大略省（Saturday Night PGM）和育空地区（Pike Warden Au-Ag-Cu）开发关键矿产资产。此次募资需经 TSX Venture Exchange 批准，包含四个月的受限转售期。
- Proceeds will fund exploration of critical minerals properties in Ontario and Yukon
- Compensation Warrants exercise price of $0.12 represents a 60% premium to offering price
- Potential dilution from issuance of up to 9,333,333 new shares
- Additional dilution possible from finder's fee warrants
- Offering price of $0.075 may represent a discount to market price
Sudbury, Ontario--(Newsfile Corp. - September 22, 2025) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Corporation") is pleased to announce that it intends to raise up to
A finder's fee may be paid in connection with the Offering to finders, as determined by mutual agreement between the Corporation and the finders and subject to regulatory approval. The finders' fee will consist of
Proceeds from the CFT Shares issued in connection with the Offering will be used to explore and advance critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au-Ag-Cu). The securities issued in connection with the Offering, including any common shares issued upon exercise of the Compensation Warrants, will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing date. Completion of the Offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange. There can be no assurance that the Offering will be completed as proposed or at all.
About Transition Metals Corp
Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity explorer. The award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes "forward looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp
Tel: (705) 667-6178
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 PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267360
FAQ
How much is Transition Metals (TSXV: XTM) planning to raise in their September 2025 private placement?
What is the purpose of Transition Metals' $700,000 private placement?
What are the terms of the finder's fee in Transition Metals' private placement?
How long is the restricted resale period for Transition Metals' private placement shares?
How many Critical Flow Through Shares will Transition Metals issue in the private placement?
