Business
AuMEGA Metals Announces Brokered LIFE Offering of up to C$10 million
Edmonton, Alberta--(Newsfile Corp. - February 12, 2026) - AuMEGA Metals Ltd. (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce that it has entered into an agreement pursuant to which Clarus Securities Inc. has agreed to act as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (the "Agents"), in connection with a best efforts private placement pursuant to which the Company intends to issue a combination of up to: (i) 42,553,191...
About this update from Aumega Metals Ltd
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - February 12, 2026) - AuMEGA Metals Ltd. (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce that it has entered into an agreement pursuant to which Clarus Securities Inc. has agreed to act as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (the "Agents"), in connection with a best efforts private placement pursuant to which the Company intends to issue a combination of up to: (i) 42,553,191 flow-through shares (each a "FT Share") at a price of C$0.0470 per FT Share, (ii) 55,147,059 charity flow-through shares (each a "Premium FT Share") at a price of C$0.0544 per Premium FT Share, and (iii) 125,000,000 common shares of the Company (each a "HD Share") at a price of C$0.040 per HD Share, for aggregate gross proceeds of up to C$10,000,000 (the "LIFE Offering").","length":939,"tagName":"p"},{"type":"text","content":"The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares and the Premium FT Shares, pursuant to the Income Tax Act (Canada) (the "Tax Act"), to incur (or be deemed to incur) eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Tax Act) (the "Qualifying Expenditures") related to the Company's projects in Newfoundland, Canada as more fully described in the offering document, on or before December 31, 2027, and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares and the Premium FT Shares effective December 31, 2026.","length":730,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the sale of HD Shares for general and administrative expenses and unallocated working capital purposes.","length":152,"tagName":"p"},{"type":"text","content":"The Offering is expected to close on or about March 3, 2026 (Canada) / March 4, 2026 (Australia), or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the conditional approval of the TSX Venture Exchange ("TSXV").","length":367...