Business
Hayasa Announces Non-Brokered LIFE Offering of Units
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Hayasa Metals Inc. (TSXV: HAY...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"Hayasa Announces Non-Brokered LIFE Offering of UnitsVancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) (\"Hayasa\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 10,000,000 units (\"Units\") at a price of $0.17 per unit for gross proceeds of up to $1,700,000 (the \"Placement\"). Each Unit will be comprised of one common share of the Company (\"Share\") and one half of one share purchase warrant. Each whole share purchase warrant (\"Warrant\") will entitle the holder to purchase one Share at a purchase price of $0.22 from the date that is 61 days following the close of the Placement until the date that is 18 months from the close of the Placement.The Units to be issued under the Placement will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"Listed Issuer Financing Exemption\"), in all the provinces of Canada, excluding Quebec. The Company may also offer the Units for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation arises in such other jurisdiction. The securities offered under the Listed Issuer Financing Exemption will not be subject to Canadian resale restrictions in accordance with applicable Canadian securities laws.Joel Sutherland, CEO of Hayasa states, \"This financing funds the 2026 Urasar drilling campaign, and in the meantime, investors and participants in the offering can look forward to assays from the Urasar 2025 drilling campaign expected to be released shortly after closing. Additionally, assays from Vardenis will likely be released in Q1 2026. Management is optimistic that 2026 will continue to deliver value to Hayasa shareholders.\"The Placement is being led by existing shareholders and insiders. Net proceeds of the Placement will be used to advance exploration at the Company's Urasar project in Armenia, evaluate other mineral property opportunities and for general working capital purposes. There is an offering document relating to the Placement that can be accessed under...