Business
First Tellurium Announces Final Tranche Closing of Private Placement, Raising $2,121,229.06
Vancouver, BC, Canada – TheNewswire - April 17, 2026 – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) (the “Company”) announces that it has now completed a third
About this update from First Tellurium Corp
[{"type":"text","content":"Vancouver, BC, Canada – TheNewswire - April 17, 2026 – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) (the “Company”) announces that it has now completed a third and final tranche (the “Third Tranche”) closing of its non-brokered private placement previously announced on February 23, 2026 and increased on March 17, 2026. Under the Third Tranche, the Company has issued 1,182,354 Units at $0.17/Unit for gross proceeds of $201,000.18. No finder’s fees were paid in connection with the Third Tranche. All securities issued under the Third Tranche are subject to a hold period expiring August 18, 2026, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. A director of the Company participated in the Third Tranche, purchasing 100,000 Units for $17,000. This insider participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed to the insider does not exceed 25% of the Company's market capitalization. Together with the first tranche closing announced March 17, 2026, and the second tranche closing announced March 25, 2026, the Company has now raised a total of $2,121,229.06 from the sale of 12,477,818 Units. These proceeds will be used for general working capital. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. About First Tellurium Corp. First Tellurium’s unique business model is to generate revenue and value thr...