Corcel Exploration Closes Non-Brokered Private Placement

About this update from Corcel Exploration, Inc.

[{"type":"text","content":"Not for distribution to U.S. news wire services or dissemination in the United States.","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (the "Company" or "Corcel") today announced the closing of its previously announced non-brokered private placement (the "Offering") issuing 11,681,798 units (the "Units") at a price of $0.18 per Unit for gross proceeds of CAD$2,102,723.64","length":396,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share (each, a "Warrant Share") at a price of $0.30 per Warrant Share until the date which is 24 months following the Closing Date (as defined below), subject to an acceleration clause. If the ten-day weighted average closing price of the Shares as quoted on the Canadian Securities Exchange (the "CSE") is equal to or greater than $0.40, then the Company may, at its option, accelerate the expiry date of the Warrant by issuing a press release (a "Warrant Acceleration Press Release") announcing that the expiry date of the Warrants will be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Release (the "Accelerated Expiry Date"). All Warrants that remain unexercised following the Accelerated Expiry Date will immediately expire and all rights of holders of such Warrants will be terminated without any compensation to such holder.","length":1180,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering for exploration at its Yuma King Project in Arizona and for working capital purposes.","length":145,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid the finders fees of $67,459.56 cash and issued 374,775 finders warrants of the Company (the "Finders Warrants"). Each Finders Warrant entitles the finder to purchase one Common Share at a price of $0.30 per Common Share until December 2, 2027.","length":303,"tagName...

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