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Arya Resources Closes Oversubscribed $1.22 Million Flow-Through Financing and Announces Scheduled Closing of Non-Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - Arya Resources Ltd. (TSXV: RB...
About this update from Arya Resources Ltd
[{"type":"text","content":"Arya Resources Closes Oversubscribed $1.22 Million Flow-Through Financing and Announces Scheduled Closing of Non-Flow-Through FinancingVancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - Arya Resources Ltd. (TSXV: RBZ) (the \"Company\" or \"Arya\") is pleased to announce that it has closed its previously announced flow-through financings, which were oversubscribed by 20%, for aggregate gross proceeds of $1.22 million, and further announces that its non-flow-through financing is scheduled to close on January 8, 2026, subject to TSX Venture Exchange approval.Closed Flow-Through Financings:Critical Mineral Flow-Through (CMETC) Financing:The Company issued 1,515,152 critical mineral flow-through common shares at a price of $0.33 per share, for gross proceeds of $500,000.Standard Flow-Through Financing- Oversubscribed by 20%:The Company issued 2,181,819 standard flow-through common shares at a price of $0.33 per share, for gross proceeds of $720,000.In total, Arya issued 3,696,971 flow-through shares for aggregate gross proceeds of approximately $1.22 million.Use of Flow-Through Proceeds:The gross proceeds from the flow-through financings will be used to incur eligible Canadian exploration expenses that qualify as \"flow-through mining expenditures\" and \"critical mineral flow-through mining expenditures\", as applicable, under the Income Tax Act (Canada). The Company intends to renounce these expenditures to subscribers effective December 31, 2025.Proceeds will be used to advance exploration at Arya's Wedge Lake Gold Project and Dunlop Nickel-Copper-Cobalt Project in Saskatchewan.Non-Flow-Through Financing:The Company also announces that its previously disclosed non-flow-through (NFT) financing is scheduled to close on January 8, 2026, subject to receipt of final TSX Venture Exchange approval.Finder's Fees:In connection with the flow-through financings, the Company paid finder's fees consisting of a cash commission equal to 7% of the gross proceeds raised from subscribers introduced by eligible finders, and issued finder's warrants equal to 7% of the number of shares issued pursuant to those subscriptions.Each finder's warrant entitles the holder to purchase one common share of the Company at a price of $0.33 per share for a period of 24 months from the date of issuance, subject to TSX Venture Exchange approval.Abou...