Business
Fidelity Minerals Announces Closing of First Tranche of Non-Brokered Private Placement Financing
(TheNewswire) Vancouver, BC, October 7, 2025 – TheNewswire - Fidelity Mi...
About this update from Fidelity Minerals Corp.
[{"type":"text","content":"Fidelity Minerals Announces Closing of First Tranche of Non-Brokered Private Placement Financing\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, October 7, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Fidelity Minerals Corp.\n \n\n (TSX-V: FMN | FSE: S5GM | SSE: MNYC) (“\n \n\n Fidelity Minerals\n \n\n ”\nor the “\n \n\n Company\n \n\n ”)\n \n\n is pleased to announce that it has\nclosed the first tranche of the non-brokered private placement (the\n“\n \n\n Private\n \n\n Placement\n \n\n ”)\npreviously announced in its News Releases dated September 17, 2025,\nand September 24, 2025. The first tranche comprises a total of\n13,500,000 units (each, a “\n \n\n Unit\n \n\n ”) at CAD $0.10 per Unit for gross\nproceeds of CAD $1,350,000. Each Unit consists of one common share in\nthe capital of the Company (each, a “\n \n\n Share\n \n\n ”) and\none-half transferable common share purchase warrant, with each full\nwarrant (each, a “\n \n\n Warrant\n \n\n ”) exercisable into one additional\nShare at a price of $0.20 per Share until October 7, 2027.\n \n\n\n\n A strategic investor has purchased 3,500,000 Units in\nthe first tranche and is expected to purchase the remaining 1,500,000\nUnits available in the Private Placement in the second tranche upon\nTSX-V approval.\n \n\n\n\n The Company paid cash finder’s fees of $33,775 and\nissued 337,750 finder’s warrants to finders in connection with the\nfirst tranche Private Placement. Each warrant being exercisable to\npurchase one Common Share at a price of $0.20 until October 7,\n2027.\n \n\n\n\n The securities issued pursuant to the Private Placement\nare subject to a four month hold period that expires on February 8,\n2026.\n \n\n\n\n Of the total Units issued in the Private Placement,\n3,325,000 Units were subscribed by Lions Bay Capital Inc., a Control\nPerson of the Company (the\n \n\n “\n \n\n Participating\n \n\n Insider\n \n\n ”).\n \n\n The Participating Insider subscription\nconstitutes “related party transactions” within the meaning of\nMultilateral Instrument 61-101 –\n \n\n Protection of Minority Securityholders in\nSpecial Transactions\n \n\n (“\n \n\n MI 61-101\n \n\n ”). The\nis...