Business
Coniagas Announces up to $1 Million Life Offering
Not for distribution to United States newswire services or for dissemination in the United States...
About this update from Coniagas Battery Metals Inc.
[{"type":"text","content":"Coniagas Announces up to $1 Million Life OfferingNot for distribution to United States newswire services or for dissemination in the United StatesVancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - Coniagas Battery Metals Inc. (TSXV: COS) (\"Coniagas\" or the \"Company\") is pleased to announce a private placement of up to 17,197,773 units of the Company (the \"Units\") at a price of $0.06 per Unit for aggregate gross proceeds of up to $1,031,866.38 (the \"Offering\"). Each Unit will consist of one common share in the capital of the Company (the \"Common Shares\") and one Common Share purchase warrant (the \"Warrants\"). Commencing on the 62nd day after issuance, each Warrant will entitle the holder thereof to acquire an additional Common Share at a price of $0.08/share for a period of five (5) years from the date of issuance.The Units will be offered to purchasers in all provinces and the territories of Canada pursuant to the listed issuer financing exemption (the \"LIFE Exemption\") available under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (\"NI 45-106\"). The Units will not be subject to resale restrictions in Canada pursuant to applicable Canadian securities laws.The gross proceeds of the Offering will be used by the Company to fund the advancement of its Graal property and for general corporate and working capital purposes.The Offering is scheduled to close on or about December 19, 2025 or such other date as the Company may determine and subject to the approval of the TSX Venture Exchange (the \"Exchange\"). In connection with the Offering, the Company has entered into a Finder's Fee Agreement with Research Capital Corporation (the \"Finder\"), pursuant to which the Company has agreed to pay the Finder a cash commission equal to 8.0% of the gross proceeds raised under the Offering and to issue to the Finder such number of non-transferrable Common Share purchase warrants (the \"Finder Warrants\") as equals 8.0% of the number of Units sold under the Offering. Commencing on the 62nd day after issuance, each Finder's Warrant entitles the holder thereof to purchase one Common Share of at a price of $0.06/share for a period of 5 years following the date of issuance.The Co...