Aeonian Resources Announces Private Placement Extension

About this update from Aeonian Resources Corp

[{"type":"text","content":"Aeonian Resources Announces Private Placement ExtensionVANCOUVER, BC / ACCESS Newswire / December 4, 2025 / Aeonian Resources Corp. (\"Aeonian\" or the \"Company\") (TSXV:ALTN) is pleased to announce that, further to its news release dated October 20, 2025, the Company will extend its previously announced non-brokered private placement (the \"Offering\") of up to 30,000,000 flow-through units (\"FT Units\") at a price of $0.05 per share and up to 12,500,000 non-flow-through units (\"NFT Units\") at a price of $0.04 per unit for gross proceeds of up to $2,000,000. The Company will now close the Offering on December 19, 2025, subject to the TSX Venture Exchange.Each NFT Unit shall consist of one common share of the Company (\"NFT Share\") and one common share purchase warrant (\"NFT Warrant\"). Each NFT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.07 for a period of 24 months from the date of issuance.Each FT Unit shall consist of one common share of the Company (\"FT Share\") and one half of one common share purchase warrant (\"NFT Warrant\"). Each NFT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.07 for a period of 24 months from the date of issuance.The FT Shares are intended to qualify as \"flow-through shares\" within the meaning of the Income Tax Act (Canada) (the \"Tax Act\"). The gross proceeds from the sale of the FT Shares will be used to incur \"Canadian exploration expenses\" that are intended to qualify as \"flow-through mining expenditures\" as those terms are defined in the Tax Act, which the Company intends to renounce to the purchasers of the FT Shares.Completion of the Offering is subject to customary conditions, including regulatory approvals. Finders' fees may be paid in connection with the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the Closing Date.The proceeds from the FT Offering will be used to advance the Company's exploration activities and continue unlocking value at the Koocanusa Property in British Columbia. The Company intends to use the proceeds from the NFT Offering for general working capital.The securities described herein have not been and will not be registered under the United States Securities Act of...

More updates from Aeonian Resources Corp