Business
Denarius Metals Announces Non-Brokered LIFE Offering of Units
Toronto, Ontario--(Newsfile Corp. - November 6, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced toda
About this update from Denarius Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - November 6, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today the launch of a non-brokered private placement of up to 12,000,000 Units of the Company at a price of CA$0.50 per Unit for gross proceeds of up to CA$6,000,000 (the \"Offering\"). Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of CA$0.70 per common share at any time on or before that date which is 36 months after the closing date. Each Warrant is exercisable beginning 60 days following the closing date of the Offering. It is anticipated that the closing of the Offering will occur on or prior to November 26, 2025. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units will be offered for sale to purchasers resident in Canada, except Québec, pursuant to one or more of the following exemptions from the prospectus requirement under NI 45-106: (i) the listed issuer financing exemption under Part 5A of NI 45-106, as modified by and in reliance on the exemptions set out in Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption; and (ii) other available exemptions under NI 45-106. The Company intends to use the net proceeds of the Offering to fund exploration and development at the Company's Zancudo Project in Colombia and for working capital and general corporate purposes. Completion of the Offering is subject to regulatory approvals, as applicable, including Cboe Canada. There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.denariusmetals.com. Prospective investors should read this offering document before making an investment decision. No U.S. Offering or Registration The Company may also offer the Units for sale pursuant to exemptions from the prospectus requirement under Ontario Securities Commission Rule 72-503 - Distributions Outside of Canada in the United States (\"U.S.\") pursuant to available exemptions from the registrat...