Business
Fitzroy Minerals Announces Closing of First Tranche of Non-Brokered LIFE Offering
(TheNewswire) VANCOUVER, BRITISH COLUMBIA – TheNewswire - July 3 , 2025 ...
About this update from Fitzroy Minerals Inc
[{"type":"text","content":"Fitzroy Minerals Announces Closing of First Tranche of Non-Brokered LIFE Offering\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\n\n\n\n\n VANCOUVER, BRITISH COLUMBIA –\n \n\n TheNewswire -\n \n\n July 3\n \n\n , 2025 – FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF)\n(“Fitzroy Minerals” or the \"Company\")\n \n\n is pleased to announce\n \n\n that it has\nclosed the first tranche of its previously announced non-brokered\nlisted issuer financing exemption (LIFE) private placement (the\n“\n \n\n LIFE Offering\n \n\n ”) through the issuance of\n \n\n 16,666,667\ncommon shares of the Company (the “\n \n\n Shares\n \n\n ”) at a price\nof $0.30\n \n\n per Share, for aggregate gross proceeds\nto the Company of approximately $5,000,000 (the “\n \n\n First Tranche\n \n\n ”)\nfrom the cornerstone investment of the Tribeca Global Natural\nResources Fund.\n \n\n\n\n As previously described, the Company anticipates that,\nupon the closing of additional tranches, the LIFE Offering will\nconsist of the issuance of Shares at a price of $0.30\n \n\n per Share, for aggregate gross proceeds to the Company of up\nto $12,000,000, subject to a minimum offering amount of\n$8,000,000.\n \n\n\n\n Subject to compliance with applicable regulatory\nrequirements, the LIFE Offering is being conducted pursuant to the\nlisted issuer financing exemption under Part 5A of National Instrument\n45-106 –\n \n\n Prospectus\nExemptions\n \n\n (“\n \n\n NI 45-106\n \n\n ”) and in\nreliance on the Coordinated Blanket Order 45-935 –\n \n\n Exemptions from Certain Conditions of the\nListed Issuer Financing Exemption\n \n\n . The\nsecurities issued to purchasers in the LIFE Offering will not be\nsubject to a hold period under applicable Canadian securities laws.\nThere is an offering document related to the LIFE Offering that can be\naccessed under the Company’s profile at www.sedarplus.ca and on the\nCompany’s website at www.fitzroyminerals.com. Prospective investors\nshould read this offering document before making an investment\ndecision.\n \n\n\n\n In addition to the LIFE Offering, the Company intends\nto complete a concurrent non-brokered private placement of up to\n$1,000,000 through the issuance of up to 3,333,333 Sha...