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Galway Metals Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$11.5 Million and a Separate Non-Brokered Private Placement for Gross Proceeds of Approximately C$462,000
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 Closing of Brokered LIFE Offering for Gross Proceeds of C$11.5 Million and a Separate Non-Brokered Private Placement for Gross Proceeds of Approximately C$462,000\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, Dec. 10, 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 the closing of its previously announced “best efforts” private placement (the “\n \n Offering\n \n ”) for aggregate gross proceeds of approximately C$11,500,000, which includes the exercise in full of the agent’s option. Pursuant to the Offering, the Company sold (i) 4,629,630 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) 11,920,530 flow-through units of the Company that were 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. Red Cloud Securities Inc. (“\n \n Red Cloud\n \n ”) acted as sole agent and bookrunner in connection with the Offering.\n \n\n Each Unit consists 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 consists of one common share of the Company 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, which will also qualify as a “flow-through share” within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (Canada). Each Warrant entitles 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 December 10, 2028.\n \n\n The Company intends to use the net proceeds from the Offering for the exploration and advancement of the Company’s Clarence Stream gold project located in New Brunswick as well as for working capital and general corporate purposes,...