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1844 Resources Announces Initial Closing of Strategic Financing Round
Saskatoon, Saskatchewan--(Newsfile Corp. - January 20, 2026) - 1844 Resources Inc. (TSXV: EFF) ("1844" or the "Company") is pleased to announce the successful initial closing of its previously announced non-brokered private placement, representing an important step in the Company's recapitalization strategy.The Company has issued 13,696,000 units at $0.015 for total gross proceeds of $205,440. Each unit consists of one common share and one common share purchase warrant (each a "Warrant"),...
About this update from 1844 Resources Inc
[{"type":"text","content":"Saskatoon, Saskatchewan--(Newsfile Corp. - January 20, 2026) - 1844 Resources Inc. (TSXV: EFF) ("1844" or the "Company") is pleased to announce the successful initial closing of its previously announced non-brokered private placement, representing an important step in the Company's recapitalization strategy.","length":333,"tagName":"p"},{"type":"text","content":"The Company has issued 13,696,000 units at $0.015 for total gross proceeds of $205,440. Each unit consists of one common share and one common share purchase warrant (each a "Warrant"), exercisable at $0.05 for a period of 24 months following the closing date.","length":269,"tagName":"p"},{"type":"text","content":""This first tranche strengthens our financial position and provides added flexibility to advance our exploration at our flagship Vortex Project in the Gaspé Peninsula, Québec," said Sylvain Laberge, President & CEO of 1844. "We appreciate the support of our early investors and remain focused on long-term value creation."","length":346,"tagName":"p"},{"type":"text","content":"As part of the closing, the Company paid finder's fees totaling $2,362.50, representing 7% of the gross proceeds raised through certain finders. All securities issued are subject to a statutory hold period expiring May 21, 2026.","length":232,"tagName":"p"},{"type":"text","content":"Certain insiders of the Company, (collectively, the "Insiders") subscribed to the Unit Offering for an aggregate of 1,470,000 Units. Such issuance of Units to the Insiders constitutes a "related party transaction", as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Unit Offering by the Insiders does not exceed 25% of the fair market value of the Company's market capitalization. A material change report will be filed in connection with the participation of the Insiders in the Unit Offering.","length":850,"tagName":"p"},{"type":"text","content":"About 1844 Resources Inc.","length":25,"tagName":"p"},{"type...