Business
Flow Metals Closes Financing
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") advises that further to its news release dated December 8, 2025, the Company has closed its fully subscribed private placement (the "Private Placement"), raising gross proceeds of $400,000 through the issuance of 8,000,000 units (the "Units") at a price of $0.05 per Unit.Each Unit consists of one common share of the Company (a "Share") and one-half of one transferable.
About this update from Flow Metals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") advises that further to its news release dated December 8, 2025, the Company has closed its fully subscribed private placement (the "Private Placement"), raising gross proceeds of $400,000 through the issuance of 8,000,000 units (the "Units") at a price of $0.05 per Unit.","length":441,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (a "Share") and one-half of one transferable common share purchase warrant (with two such half warrants being a "Warrant"). Each Warrant entitles the holder, for a period of twenty-four (24) months from the date of issue, to purchase one additional Share of the Company at an exercise price of $0.10 per Share.","length":384,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Private Placement are subject to a statutory hold period of four months and one day expiring on May 23, 2026.","length":154,"tagName":"p"},{"type":"text","content":"The Company paid finders' fees of $4,350 in cash and issued 33,000 Warrants on the same terms as the Warrants issued as part of the Units.","length":142,"tagName":"p"},{"type":"text","content":"The Company plans to use the net proceeds of the Private Placement to fund exploration and the development of its projects in the Yukon and British Columbia, and for working capital and general corporate purposes.","length":213,"tagName":"p"},{"type":"text","content":"Insider Participation: One insider of the Company participated in the Private Placement and subscribed for an aggregate of 1,000,000 Units. Such participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set out in sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that neither the fair market value of the securities issued to, nor the consideration paid by, the related party exceeded 25% of the Company's market capitalization, as determined in accordance with MI ...