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HM Exploration Announces $1.5 Million LIFE Flow-Through Offering
VANCOUVER, British Columbia, March 20, 2026 (GLOBE NEWSWIRE) -- HM Exploration Corp. (“HM Exploration” or “HM” or the “Company”) (CSE:HM), is pleased to announc
About this update from Hm Exploration Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 20, 2026 (GLOBE NEWSWIRE) -- HM Exploration Corp. (“HM Exploration” or “HM” or the “Company”) (CSE:HM), is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of up to C$1,500,000.50 from the sale of up to 2,955,666 \"flow-through\" units of the Company (each, a \"FT Unit\", and collectively, the \"FT Units\") on a charity flow-through basis at a price of C$0.5075 per FT Unit (the \"LIFE Offering\") under the Listed Issuer Financing Exemption (as defined below). Each FT Unit will consist of one \"flow-through\" common share (each, a \"FT Share\" and collectively, the \"FT Shares\") and one common share purchase warrant (each, a \"Warrant\" and collectively, the \"Warrants\"). Each FT Share will qualify as a \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each Warrant will be exercisable to acquire one common share (each, a \"Warrant Share\", and collectively, the \"Warrant Shares\") at a price of $0.75 per Warrant Share for a period of twenty-four (24) months from the LIFE Closing Date (as defined below). The Warrant Shares underlying the FT Units will not qualify as \"flow-through shares\" under the Tax Act. The Warrants to be issued pursuant to the LIFE Offering will not be listed for trading on any stock exchange. The LIFE Offering is expected to close on or about April 18, 2026 (the \"LIFE Closing Date\"), or such other date as determined by the Company, such date being no later than forty-five (45) days from the date hereof. The FT Units will be sold on a structured basis whereby the Company will issue the FT Shares and Warrants comprising the FT Units to purchasers purchasing as principals and/or to an agent for one or more disclosed principals. The FT Shares and Warrants comprising the FT Units will then immediately be sold to one or more back-end buyers. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the LIFE Offering is being made to purchasers resident in all provinces and territories of Canada except for Quebec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Listed Issuer Financing Exemption\"). The securities offered under the Listed...