Business
Inspiration Mining Arranges $600,000 Financing
Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Inspiration Mining Corp. (CSE: ISP) (WKN: A40GPX) (OTCID: ISPNF) ("Inspiration" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") for aggregate gross proceeds of...
About this update from Inspiration Mining Corp.
[{"type":"text","content":"Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.","length":189,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Inspiration Mining Corp. (CSE: ISP) (WKN: A40GPX) (OTCID: ISPNF) ("Inspiration" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") for aggregate gross proceeds of $600,000 from the sale of up to 6,000,000 units of the Company at $0.10 per unit (each, a "Unit").","length":442,"tagName":"p"},{"type":"text","content":"Each Unit will comprise one common share (each, a "Unit Share") and one transferable common share purchase warrant (each, a "Warrant") of the Company. Each Warrant will entitle the subscriber to purchase one common share of the Company (each, a "Warrant Share") for a 36-month period after the closing date of the Offering at an exercise price of $0.13 per common share.","length":400,"tagName":"p"},{"type":"text","content":"Closing of the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Net proceeds of the Offering will be used for general working capital purposes.","length":229,"tagName":"p"},{"type":"text","content":"Shares issued pursuant to the Offering will be subject to a four-month and one day hold period according to applicable securities laws of Canada.","length":145,"tagName":"p"},{"type":"text","content":"About Inspiration Mining Corp. ","length":30,"tagName":"p"},{"type":"text","content":"Inspiration Mining Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the Company's properties. For more information, please refer to the Company's information available on SEDAR+ (www.sedarplus.ca).","length":359,"tagName":"p"},{"type":"text","content":"On Behalf of the Board of DirectorsCharles DesjardinsCEO, President and DirectorPhone: 604-808-3156Email: [email protected]","length":133,"tagName":"p"},{"type":"tex...