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Enerev5 Metals Inc. Announces Closing of $130,000 Final Tranche Non-Brokered Private Placement
(TheNewswire) Toronto, Ontario – TheNewswire - March 5, 2026 – Enerev5 ...
About this update from Enerev5 Metals Inc.
[{"type":"text","content":"Enerev5 Metals Inc. Announces Closing of $130,000 Final Tranche Non-Brokered Private Placement\n(TheNewswire)\n\n\nToronto, Ontario – TheNewswire - March 5, 2026 –\nEnerev5 Metals\nInc. (TSX-V: ENEV) (“Enerev5” or the\n“Company”) announces that it has closed the second and final\ntranche (the “Second\nTranche”) of its non-brokered private\nplacement (the “Offering”). The Second Tranche is composed\nof the sale of 13,000,000 units (the “Units”) at a price\nof $0.01 per Unit for aggregate gross proceeds of $130,000. Each Unit\nconsisted of one common share of the Company (the “Shares”) and one\nShare purchase warrant (the “Warrant”). Each Warrant entitles the holder,\nto acquire one Share at an exercise price of $0.05 per Warrant for a\nperiod of five years following the closing date of the Offering. The\nfirst tranche of the Offering was composed of the sale of 31,500,000\nUnits for aggregate gross proceeds of $315,000. The proceeds of the\nOffering will be used for general corporate and working capital\npurposes and project review and acquisition costs. \n\n \n\nCompletion of the Offering is subject to the receipt of\nall necessary regulatory approvals, including the approval of the TSX\nVenture Exchange. All securities issued and issuable will be subject\nto a statutory hold period of four months and one day, in accordance\nwith applicable Canadian securities laws. The Company paid a\ncommission to eligible finders in connection with the Second Tranche\nin the amount of $10,400 and 1,300,000 non‑transferrable warrants\n(“Broker\nWarrants”) to purchase Units (“Broker Units”) at a\nprice of $0.05 per Broker Warrants. The Broker Units are subject to\nthe same terms as the Units sold under the Offering.\n\n \n\nEarly Warning Report\n\n \n\nIn connection with the closing of the Second Tranche of\nthe Offering, Russell Fromm (the “Acquiror”) acquired\nan aggregate of 10,500,000 Shares in the capital of the Company and\n10,500,000 Warrants (the “Acquisition”). Each Warrant entitles the\nholder thereof to acquire one Share on the terms as more specifically\nset out above. Prior to the Acquisition, the Acquiror beneficially\nowned or exercised contro...