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Aeonian Closes Private Placement with Leading Strategic Investor Michael Gentile Acquiring 19.55% Stake
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES VAN...
About this update from Aeonian Resources Corp
[{"type":"text","content":"Aeonian Closes Private Placement with Leading Strategic Investor Michael Gentile Acquiring 19.55% StakeNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES VANCOUVER, BC / ACCESS Newswire / December 23, 2025 / Aeonian Resources Corp. (\"Aeonian\" or the \"Company\") (TSXV:ALTN) is pleased to announce that it has closed its previously announced non-brokered private placement (the \"Offering\"), raising gross proceeds of $800,400.00 through the issuance of 20,010,000 units (\"Units\") at a price of $0.04 per Unit.Aeonian is also pleased to welcome Michael Gentile as a strategic investor in the Company, following Mr. Gentile's acquisition of 11,950,000 Units through the Offering, representing a 19.55% ownership interest in the Company on a basic post-Offering basis and 32.71% on a partially diluted basis. The Company notes that warrant exercise limitations are in place to maintain compliance with applicable ownership thresholds.Mr. Gentile is widely regarded as one of the leading strategic investors in the junior mining sector, with significant top-five ownership positions in more than 20 publicly traded mining and exploration companies. He is known for identifying high-quality geological opportunities at the early stages of the discovery cycle and for his long-term, fundamentals-driven investment approach.Andrew Randell, CEO of Aeonian Resources, commented: \"We are extremely pleased to welcome Michael Gentile as a strategic investor in Aeonian. Michael's track record in the junior mining sector speaks for itself, and his support reflects a shared conviction in the discovery potential of sediment-hosted copper systems in British Columbia. This financing provides the capital certainty required to move confidently into our inaugural drill program at Koocanusa, and we are genuinely excited to begin drill testing what we believe is a highly compelling copper system in early 2026.\"Terry Salman, Chairman & Director, added: \"I'm delighted to have my friend Michael Gentile as a major shareholder in the Company. He's one of Canada's leading investors in the junior mining space and is highly respected.\"Offering DetailsEach Unit consists of one (1) common share of the Company (a \"Share\") and one (1) common share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder thereof to purchase...