Hayasa Announces Closing of $2M Private Placement LIFE Offering of Units

About this update from Hayasa Metals Inc.

[{"type":"text","content":"Hayasa Announces Closing of $2M Private Placement LIFE Offering of UnitsVancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) (\"Hayasa\" or the \"Company\") is pleased to announce the closing of its previously announced and over-subscribed, non-brokered private placement (the \"Private Placement\") consisting of a total of 11,165,282 units (the \"Units\") at a price of $0.17 per unit for gross proceeds of $1,898,098.Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.22 per share from November 23, 2025, to 18 months following closing of the Private Placement.Teck Resources Limited (\"Teck\") has acquired 934,500 Units as part of the Private Placement to maintain its 9.9% ownership on a partially diluted basis. The Company intends to use the net proceeds of the Private Placement for ongoing exploration work at the Company's Urasar project located in central and northern Armenia, acquiring control of additional property, and general working capital purposes. Specifically, the Company expects to undertake another 2,000m drill program at Urasar in 2026, and has a pipeline of projects under consideration for acquisition.Joel Sutherland, Hayasa's CEO, comments, \"We are very pleased that Teck continues to show their support as an investor. And we are optimistic that all shareholders will benefit from Hayasa's first mover advantage in Armenia as we look to add an additional property over 2026.\" The Units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"). Pursuant to NI 45-106, the securities forming part of the Units issued to Canadian residents under the Private Placement are not subject to resale restrictions, except where restrictions are otherwise required pursuant to the policies of the TSX Venture Exchange (the \"TSXV\"). The Company is relying on the exemptions in Coordinated Blanket Order 45-935 -Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Order\") and is qualified to distribute securities in reliance on the exemptions included in the Order.The securities issued pursuant to the Private Placement will no...

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