Company Closes First Tranche of Private Placement

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BUSINESS Nieuws

FINANCE,INVESTMENT,MINERAL EXPLORATION

The Company successfully closed the first tranche of its private placement, raising $97,800. The funds will be used to develop mineral property interests in Argentina and for general working capital.

The Company previously announced on December 12, 2024, the closing of the first tranche of its private placement. Under this tranche, 815,000 Units were issued at a price of $0.12 per Unit for gross proceeds of $97,800. Each Warrant shall be exercisable to acquire one (1) additional Common Share at an exercise price of $0.16 until December 23, 2029.

The Company intends to use the net proceeds raised from the Private Placement to develop its mineral property interests in Argentina, and for general administrative expenses and working capital purposes. All securities issued under the First Tranche are subject to a hold period expiring April 24, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

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