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Galway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million\n\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n TORONTO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSX-V: GWM) (the \"\n \n Company\n \n \" or “\n \n Galway\n \n ”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“\n \n Red Cloud\n \n ”) to act as sole agent and bookrunner in connection with a “best efforts” private placement (the “\n \n Marketed Offering\n \n ”) for aggregate gross proceeds of up to C$10,000,000.55 from the sale of (i) 3,703,704 units of the Company (each, a \"\n \n Unit\n \n \") at a price of C$0.54 per Unit (the \"\n \n Unit Price\n \n \") and (ii) 10,596,027 flow-through units of the Company to be sold to charitable purchasers (each, a \"\n \n Charity FT Unit\n \n \", and collectively with the Units, the “\n \n Offered Securities\n \n ”) at a price of C$0.755 per Charity FT Unit.\n \n\n Each Unit will consist of one common share of the Company (a “\n \n Unit Share\n \n ”) and one-half of one common share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each Charity FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (Canada) (each, a “\n \n FT Share\n \n ”) and one-half of one Warrant. Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “\n \n Warrant Share\n \n ”) at a price of C$0.80 at any time on or before that date which is 36 months after the Closing Date (as herein defined).\n \n\n The Company also grants Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,500,000 in any combination of Units and Charity FT Units at their respective offering prices (the “\n \n Agent’s Option\n \n ”). The Marketed Offering and the securities issuable upon exercise of the Agent’s Option shall be collectively referred to as the “\n \n Offering\n \n ”.\n \n\n The Company ...