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Defense Metals Announces Closing of Second Tranche of Private Placement
Defense Metals Announces Closing of Second Tranche of Private Placement Canada NewsWire ...
About this update from Defense Metals Corp.
[{"type":"text","content":"\n\n\nDefense Metals Announces Closing of Second Tranche of Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nVANCOUVER, BC, Nov. 10, 2025 /CNW/ - Defense Metals Corp. (\"Defense Metals\" or the \"Company\") (TSXV: DEFN) is pleased to announce that, further to its news release dated October 31, 2025, the Company has closed the second and final tranche of its previously announced non-brokered private placement (the \"Offering\") for aggregate gross proceeds of C$576,000 through the issuance of 1,920,000 units of the Company (each, a \"Unit\"). Total gross proceeds of the Offering, combined with the concurrent brokered private placement, were C$16,729,334.\n\n\n\n\n\n\n\nThe Units sold under the Offering were issued on a prospectus-exempt basis pursuant to the \"listed issuer financing exemption\" under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (together, the \"LIFE Exemption\").\nEach Unit consists of one Class A common share in the capital of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one additional Common Share at a price of C$0.45 per Common Share, at any time on or before October 31, 2028. The Warrants will be subject to an accelerated expiry upon thirty (30) days' notice from the Company in the event that the common shares of the Company trade at a closing price equal to or greater than $0.90 for ten (10) consecutive trading days.\nThe Units issued to Canadian resident subscribers under the LIFE Exemption are not subject to a hold period pursuant to applicable Canadian securities legislation, other than a four-month TSX Venture Exchange (\"TSXV\") hold period applicable to certain purchasers under the policies of the TSXV expiring March ...