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Fitzroy Minerals Announces Closing of Final Tranche of Non-Brokered Private Placement
(TheNewswire)   VANCOUVER, BRITISH COLUMBIA – TheNewswire - March 19, 2026 ...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Fitzroy Minerals Announces Closing of Final Tranche of Non-Brokered Private Placement\n(TheNewswire)\n \n\nVANCOUVER, BRITISH COLUMBIA –\nTheNewswire - March 19, 2026 – FITZROY MINERALS INC. (TSXV: FTZ,\nOTCQX: FTZFF, FSE: C3Y) (“Fitzroy Minerals” or the\n\"Company\") is pleased to announce\nthat it has closed the second and final tranche\n(the “Final\nTranche”) of its previously announced\nnon-brokered private placement (the “Private Placement”).\n\n\nIn total, the Company has raised gross proceeds of\n$21,155,000 in the Private Placement across two tranches as\nfollows:\n\n\n\n\n8,960,000 LIFE Shares at a price of $0.50 per LIFE\nShare for aggregate gross proceeds of $4,480,000; and  \n\n\n\n33,350,000 Units at a price of $0.50 per Unit for\naggregate gross proceeds of $16,675,000. \n\n\n\n\nThe Company raised aggregate gross proceeds of\n$2,225,000 in the Final Tranche via the issuance of:\n\n\n\n\n2,830,000 common shares of the Company (LIFE Shares”)\nissued under the “listed issuer financing exemption” at a price of\n$0.50 per LIFE Share, for aggregate gross proceeds of\n$1,415,000to the Company; and \n\n\n\n1,620,000 units of the Company (the Units”), issued\nunder other applicable prospectus exemptions, at a price of $0.50 per\nUnit, for aggregate gross proceeds of $810,000. Each Unit is comprised\nof one common share of the Company (a “Unit Share”) and\none-half of one common share purchase warrant (each whole warrant, a\n“Warrant”). Each Warrant entitles the holder thereof to purchase\none additional common share of the Company at an exercise price of\n$0.80 per share for a period of two years following the date of\nissuance of the Warrant. \n\n\n\n\nSubject to compliance with applicable regulatory\nrequirements, the LIFE Shares were offered as part of an offering (the\n“LIFE Offering”) conducted pursuant to the listed issuer financing\nexemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI\n45-106”) and in reliance on the Coordinated\nBlanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing\nExemption. The LIFE Shares will not be subject\nto a hold period under applicable Canadian sec...