J2 Metals Inc. Announces Closing of Flow-Through Private Placement

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[{"type":"text","content":"J2 Metals Inc. Announces Closing of Flow-Through Private PlacementVancouver, British Columbia--(Newsfile Corp. - May 14, 2026) - J2 Metals Inc. (TSXV: JTWO) (FSE: OO1) (\"J2\" or the \"Company\") announces that further to its previous press releases, it has closed the second and final tranche of its non-brokered flow-through private placement financing (the \"FT Subscription Receipt Offering\") through the issuance of 1,017,143 flow-through common shares (the \"FT Shares\") at a price of $0.35 per FT Share for aggregate gross proceeds of $356,000. The FT Subscription Receipt Offering was initially subject to escrow release conditions but those were satisfied on April 28, 2026, prior to the closing of this second tranche. Therefore, all securities issued under the FT Subscription Receipt Offering are free of any escrow. The Company closed the first tranche of the FT Subscription Receipt Offering on February 23, 2026, for gross proceeds of $478,000. Together with the second tranche, the Company raised aggregate gross proceeds of $834,000 pursuant to the FT Subscription Receipt Offering.Each FT Share issued pursuant to the second tranche of the FT Subscription Receipt Offering will be issued on a flow-through basis pursuant to the Income Tax Act (Canada). No warrants will be issued in connection with the FT Subscription Receipt Offering.In connection with the second tranche of the FT Subscription Receipt Offering, the Company paid finders fees in the aggregate of $24,920 in cash. The FT Subscription Receipt Offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. All securities issued pursuant to the second tranche of the FT Subscription Receipt Offering are subject to a hold period of four months and one day after the date of closing of the second tranche of the FT Subscription Receipt Offering. The net proceeds from the FT Subscription Receipt Offering will be used to explore and advance the Company's Miniac Project and for general corporate purposes.Simon Clarke, a director of the Company, participated in the first tranche of the FT Subscription Receipt Offering by purchasing 100,000 FT Shares for an aggregate subscription amount of $35,000. Toby Pierce, a director of the Company, participated in the first tranche of the FT Subscrip...

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