iMetal Resources Closes First Tranche of Previously Announced Non-Brokered Private Placement
iMetal Resources (IMRFF) has completed the first tranche of its non-brokered private placement, raising $670,002.90 through the issuance of 4,466,686 Units at $0.15 per Unit. Each Unit includes one common share and one transferable warrant, exercisable at $0.20 for two years. The proceeds will fund exploration work and general working capital. The securities have a hold period until April 21, 2025.
The company paid finders' fees totaling $21,577.50 and issued 143,850 Warrants to various financial firms. Company insiders participated in the placement, acquiring 666,667 Units, constituting a related party transaction exempt from formal valuation requirements under MI 61-101.
iMetal Resources (IMRFF) ha completato la prima tranche del suo collocamento privato non intermediato, raccogliendo $670.002,90 attraverso l'emissione di 4.466.686 Unità a $0,15 per Unità. Ogni Unità include un'azione comune e un warrant trasferibile, esercitabile a $0,20 per due anni. I proventi finanzieranno lavori di esplorazione e capitale di lavoro generale. I titoli hanno un periodo di blocco fino al 21 aprile 2025.
L'azienda ha pagato commissioni a intermediari per un totale di $21.577,50 e ha emesso 143.850 Warrants a varie società finanziarie. I membri interni dell'azienda hanno partecipato al collocamento, acquisendo 666.667 Unità, costituendo una transazione tra parti correlate esente dai requisiti di valutazione formale ai sensi della MI 61-101.
iMetal Resources (IMRFF) ha completado la primera tranche de su colocación privada no intermediada, recaudando $670,002.90 a través de la emisión de 4,466,686 Unidades a $0.15 por Unidad. Cada Unidad incluye una acción común y un warrant transferible, ejercitable a $0.20 durante dos años. Los ingresos financiarán trabajos de exploración y capital de trabajo general. Los valores tienen un período de retención hasta el 21 de abril de 2025.
La empresa pagó comisiones a intermediarios por un total de $21,577.50 y emitió 143,850 Warrants a varias firmas financieras. Los miembros internos de la empresa participaron en la colocación, adquiriendo 666,667 Unidades, lo que constituye una transacción entre partes relacionadas exenta de los requisitos de evaluación formal bajo la MI 61-101.
iMetal Resources (IMRFF)는 중개인 없는 사모펀드의 첫 번째 분할을 완료하고, $670,002.90를 조달하여 4,466,686개 유닛을 각각 $0.15에 발행했습니다. 각 유닛에는 보통주 1주와 두 해 동안 $0.20에 행사할 수 있는 전환 가능한 워런트가 포함됩니다. 수익금은 탐사 작업과 일반 운영 자본을 지원하는 데 사용됩니다. 증권은 2025년 4월 21일까지 보유 기간이 있습니다.
회사는 중개 수수료로 총 $21,577.50를 지급하고 여러 금융 회사에 143,850개의 워런트를 발행했습니다. 회사 내부자는 이에 참여하여 666,667개의 유닛을 취득했으며, 이는 MI 61-101에 따라 공식 평가 요구사항에서 면제되는 관련 당사자 거래를 구성합니다.
iMetal Resources (IMRFF) a terminé la première tranche de son placement privé non intermédié, levant $670,002.90 grâce à l'émission de 4,466,686 unités à $0.15 par unité. Chaque unité comprend une action ordinaire et un bon de souscription transférable, exerçable à $0.20 pendant deux ans. Les fonds serviront à financer des travaux d'exploration et du fonds de roulement général. Les titres ont une période de blocage jusqu'au 21 avril 2025.
L'entreprise a payé des frais de mise en relation s'élevant à $21,577.50 et a émis 143,850 bons de souscription à diverses entreprises financières. Les initiés de la société ont participé au placement, acquérant 666,667 unités, constituant une transaction entre parties liées exemptée des exigences d'évaluation formelle en vertu de la MI 61-101.
iMetal Resources (IMRFF) hat die erste Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $670.002,90 durch die Ausgabe von 4.466.686 Einheiten zu je $0,15 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und eine übertragbare Option, die für zwei Jahre zu $0,20 ausgeübt werden kann. Die Einnahmen dienen der Finanzierung von Erkundungsarbeiten und allgemeinem Betriebskapital. Die Wertpapiere unterliegen einer Haltfrist bis zum 21. April 2025.
Das Unternehmen hat insgesamt $21.577,50 Findergebühren gezahlt und verschiedenen Finanzunternehmen 143.850 Optionen ausgegeben. Insidern des Unternehmens haben an der Platzierung teilgenommen und 666.667 Einheiten erworben, was eine transaktion zwischen nahestehenden Personen darstellt, die von den formalen Bewertungsanforderungen gemäß MI 61-101 befreit ist.
- Successfully raised $670,002.90 in new capital
- Insider participation demonstrates management confidence
- Warrants priced at $0.20 represent 33% premium to unit price
- Dilution of existing shareholders through new share issuance
- Additional dilution possible if warrants are exercised
- Incurred $21,577.50 in finders' fees
VANCOUVER, BC / ACCESSWIRE / December 20, 2024 / iMetal Resources Inc. (TSXV:IMR)(OTCQB:IMRFF)(FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement dated November 4, 2024. Under this tranche, the Company issued a total of 4,466,686 Units at a price of
Each Unit (each, a "Unit") consists of one common share in the capital of the Company (each, a "Share") and one transferable share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of
The Company intends to use the net proceeds of the First Tranche towards further exploration work at the Company's properties as well as for general working capital.
All securities issued under the First Tranche are subject to a statutory hold period until April 21, 2025, in accordance with applicable Canadian securities laws. There are no material facts or material changes regarding the Company that have not been generally disclosed.
Finders' fees of
Insiders of the Company acquired an aggregate of 666,667 Units in the First tranche, which participation constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed
About iMetal Resources Inc.
iMetal is a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The flagship property Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5m at 0.85 g/t gold that borders the Juby Deposit and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 220-hectare Ghost Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometresW of Agnico Eagle's Holt and Holloway Mine. Carheil is an exploration stage project with multi-metal potential and previous graphite results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
iMetal Resources Inc.
saf@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
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 release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of iMetal to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the use of proceeds with respect to the Offering, further exploration and drilling at Gowganda West and the Company's ability to gain approval from the TSX Venture Exchange. These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
SOURCE: iMetal Resources Inc.
View the original press release on accesswire.com
FAQ
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