Business
Goldstorm Metals Announces Closing of $7,000,000 LIFE Offering
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) ("Goldstorm" or the "Company") is pleased to
About this update from Goldstorm Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) (\"Goldstorm\" or the \"Company\") is pleased to announce that it has closed its previously announced upsized non-brokered private placement (the \"Offering\") for aggregate gross proceeds of $7,000,000. In connection with the Offering, the Company issued (i) 5,991,600 units (the \"HD Units\") at a price of $0.20 per HD Unit; (ii) 11,673,666 flow through units (the \"FT Units\") at a price of $0.24 per FT Unit; and (iii) 9,677,420 charity flow through units (the \"Charity FT Units\") at a price of $0.31 per Charity FT Unit. Each HD Unit is comprised of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.30 per Common Share for a period of 36 months following the closing of the Offering. Each FT Unit and Charity FT Unit is comprised of one Common Share and one-half of one Warrant both to be issued as a \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\"). The gross proceeds from the issue and sale of the FT Units and Charity FT Units will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of \"Canadian exploration expense\" in subsection 66.1(6) of the Tax Act and \"flow through mining expenditures\" as defined in subsection 127(9) of the Tax Act that will qualify as \"flow-through critical mineral mining expenditures\" and \"BC flow-through mining expenditures\" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before December 31, 2027 and renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Units and Charity FT Units. The net proceeds of the sale of HD Units are anticipated to be used for general and administrative working capital and other corporate purposes. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 Prospectus Exemptions (\"NI 45-106\"), the Offering was made to purchasers resident in all provinces of Canada, except Quebec, and in certain foreign jurisdictions, pursuant to ...