Nine Mile Metals Announces Private Placement Financing
Nine Mile Metals (OTC:VMSXF) has announced a private placement financing initiative to raise up to $400,000 through two offerings. The company plans a Flow-through (FT) placement of up to 12.5 million units at $0.02 per unit for proceeds of up to $250,000, and a Non-flow-through (NFT) placement of up to 10 million units at $0.015 per unit for proceeds of up to $150,000.
Each FT unit includes one common share and one warrant exercisable at $0.05 for 36 months. NFT units comprise one common share and a half-warrant, with full warrants exercisable at $0.05 for 36 months. The FT proceeds will fund drilling at the Wedge Project and California Lake East, while NFT proceeds will support operating expenses and working capital.
Nine Mile Metals (OTC:VMSXF) ha annunciato un'iniziativa di finanziamento tramite collocamento privato per raccogliere fino a 400.000 dollari attraverso due offerte. La società prevede un collocamento Flow-through (FT) di un massimo di 12,5 milioni di unità a 0,02 dollari per unità, per un ricavo massimo di 250.000 dollari, e un collocamento Non-flow-through (NFT) di un massimo di 10 milioni di unità a 0,015 dollari per unità, per un ricavo massimo di 150.000 dollari.
Ogni unità FT comprende un'azione ordinaria e un warrant esercitabile a 0,05 dollari per 36 mesi. Le unità NFT includono un'azione ordinaria e mezzo warrant, con warrant completi esercitabili a 0,05 dollari per 36 mesi. I proventi FT finanzieranno le perforazioni presso il Progetto Wedge e California Lake East, mentre i proventi NFT sosterranno le spese operative e il capitale circolante.
Nine Mile Metals (OTC:VMSXF) ha anunciado una iniciativa de financiamiento mediante colocación privada para recaudar hasta 400,000 dólares a través de dos ofertas. La compañía planea una colocación Flow-through (FT) de hasta 12.5 millones de unidades a 0.02 dólares por unidad, para obtener ingresos de hasta 250,000 dólares, y una colocación Non-flow-through (NFT) de hasta 10 millones de unidades a 0.015 dólares por unidad, para ingresos de hasta 150,000 dólares.
Cada unidad FT incluye una acción común y un warrant ejercitable a 0.05 dólares por 36 meses. Las unidades NFT comprenden una acción común y medio warrant, con warrants completos ejercitables a 0.05 dólares por 36 meses. Los ingresos FT financiarán perforaciones en el Proyecto Wedge y California Lake East, mientras que los ingresos NFT apoyarán gastos operativos y capital de trabajo.
Nine Mile Metals (OTC:VMSXF)는 두 차례의 공모를 통해 최대 40만 달러를 조달하는 사모 펀딩 계획을 발표했습니다. 회사는 최대 1,250만 단위, 단위당 0.02달러의 Flow-through(FT) 공모를 통해 최대 25만 달러를, 그리고 최대 1,000만 단위, 단위당 0.015달러의 Non-flow-through(NFT) 공모를 통해 최대 15만 달러를 조달할 예정입니다.
각 FT 단위는 보통주 1주와 36개월 동안 0.05달러에 행사 가능한 워런트 1개를 포함합니다. NFT 단위는 보통주 1주와 반 워런트가 포함되며, 전체 워런트는 36개월 동안 0.05달러에 행사할 수 있습니다. FT 자금은 Wedge 프로젝트와 California Lake East에서의 시추 작업에 사용되며, NFT 자금은 운영비와 운전자본에 투입됩니다.
Nine Mile Metals (OTC:VMSXF) a annoncé une opération de financement par placement privé visant à lever jusqu'à 400 000 dollars via deux offres. La société prévoit un placement Flow-through (FT) pouvant atteindre 12,5 millions d'unités à 0,02 dollar par unité, pour des recettes pouvant atteindre 250 000 dollars, ainsi qu'un placement Non-flow-through (NFT) pouvant atteindre 10 millions d'unités à 0,015 dollar par unité, pour des recettes pouvant atteindre 150 000 dollars.
Chaque unité FT comprend une action ordinaire et un bon de souscription exerçable à 0,05 dollar pendant 36 mois. Les unités NFT comprennent une action ordinaire et un demi-bon de souscription, les bons complets étant exerçables à 0,05 dollar pendant 36 mois. Les fonds FT financeront le forage sur le projet Wedge et California Lake East, tandis que les fonds NFT soutiendront les dépenses d'exploitation et le fonds de roulement.
Nine Mile Metals (OTC:VMSXF) hat eine Privatplatzierungsfinanzierung angekündigt, um bis zu 400.000 US-Dollar durch zwei Angebote zu beschaffen. Das Unternehmen plant eine Flow-through (FT) Platzierung von bis zu 12,5 Millionen Einheiten zu je 0,02 US-Dollar für Erlöse von bis zu 250.000 US-Dollar sowie eine Non-flow-through (NFT) Platzierung von bis zu 10 Millionen Einheiten zu je 0,015 US-Dollar für Erlöse von bis zu 150.000 US-Dollar.
Jede FT-Einheit umfasst eine Stammaktie und einen Warrant, der für 36 Monate zu 0,05 US-Dollar ausgeübt werden kann. NFT-Einheiten bestehen aus einer Stammaktie und einem halben Warrant, wobei volle Warrants für 36 Monate zu 0,05 US-Dollar ausgeübt werden können. Die FT-Erlöse werden Bohrungen im Wedge-Projekt und California Lake East finanzieren, während die NFT-Erlöse Betriebskosten und Betriebskapital unterstützen.
- Secured additional funding of up to $400,000 for exploration and operations
- FT proceeds will advance drilling projects at strategic locations
- 36-month warrant term provides extended investment opportunity
- Significant dilution potential with up to 22.5 million new units being issued
- Low unit pricing at $0.02 and $0.015 indicates challenging market conditions
- 8% finder's fees in cash and warrants will further impact capital raised
Toronto, Ontario--(Newsfile Corp. - July 2, 2025) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces its intention to complete a new Flow-through ("FT") and Non-flow-through ("NFT") private placement for proceeds of up to
The FT private placement will consist of the sale of up to 12,500,000 units (each a "Unit") at a price of
In consideration for their services in introducing subscribers to the Company under the FT Private Placement, finders may receive commission of
The Company intends to use the proceeds of the FT private placement for Drilling at the Wedge Project and California Lake East recently announced NBJMAP Grant project on California Lake East VMS Trend, specifically Target #6. The company will also use the FT proceeds for other exploration related expenditures.
The NFT private placement will consist of the sale of up to 10,000,000 NFT Units at
In consideration for their services in introducing subscribers to the Company under the NFT Private Placement, finders may receive commission of
The Company intends to use the proceeds of the NFT private placement for operating expenses, and general working capital.
All securities issued in the private placement will be subject to a four month and a day hold period.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold.
ON BEHALF OF NINE MILE METALS LTD.
| "Patrick J. Cruickshank, MBA" | Jonathan Holmes, |
| CEO and Director | Director |
| T: (506) 804-6117 | T: (506) 800-0581 |
| E: patrick@ninemilemetals.com | E: jonathan@ninemilemetals.com |
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the Company will close the private placement for proceeds of up to
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257547
FAQ
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