Business
Gamma Resources Announces Closing of First Tranche of Private Placement
(TheNewswire) VANCOUVER, British Columbia, September 5, 2025 – TheNewswire &...
About this update from Gamma Resources Ltd.
[{"type":"text","content":"Gamma Resources Announces Closing of First Tranche of Private Placement \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, British Columbia, September 5, 2025 –\n \n\n TheNewswire\n \n\n –\n \n\n GAMMA Resources Ltd\n \n\n (TSX-V: GAMA; OTCPK: MLLOF;\nFrankfurt: MRDN) (“GAMMA” or the “Company”)\n \n\n is pleased to announce that it has closed the first tranche\n(the “First Tranche”) of its previously announced private\nplacement for gross proceeds of $651,060.\n \n\n\n\n The Private Placement will consist of up to 8,333,334\nunits (each a “Unit”) at a purchase price of $0.12 per Unit for\ngross proceeds of up to $1,000,000. Each Unit will consist of one\ncommon share in the capital of the Company (a “Common Share”) and\none non-transferable Common Share purchase warrant (each whole\nwarrant, a “Warrant”). Each Warrant will entitle the holder to\nacquire one additional Common Share at an exercise price of $0.18 for\na period of 36 months following the closing of the Private Placement\n(the “Closing Date”). The Company anticipates closing a second\ntranche of the Private Placement shortly. The completion of the first\ntranche, and the subsequent second tranche, of the Private Placement\nis subject to the acceptance of the TSX Venture Exchange.\n \n\n\n\n In connection with the closing of the first tranche,\nthe Company issued 5,425,500 Units at a price of $0.12 per Unit.\n Each unit is comprised of one Common Share and one Warrant. Each\nWarrant entitles the holder thereof to purchase one Common Share until\nSeptember 5, 2028, at an exercise price of $0.18 per warrant share.\nFinders’ fees of $13,650 in cash and 113,750 Finders Warrants are to\nbe paid.  The Finders Warrants are non-transferable, have an exercise\nprice of $0.12 and may be exercised for a period of 24 months from the\nclose of the private placement.\n \n\n\n\n Directors of the Company have participated in the first\ntranche for an aggregate of 417,000 shares. Such participation in the\nfirst tranche is considered to be a related party transaction as\ndefined in Multilateral Instrument 61-101 -- Protection of Minority\nSecurity Holders in Special Transactions. The offering will be exempt\nfrom the formal valuation and minority...