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J2 Metals Inc. Announces Upsized Private Placement and Additional Flow-Through Financing
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - J2 Metals Inc. (TSXV: JTWO) ("...
About this update from J2 Metals Incorporation
[{"type":"text","content":"J2 Metals Inc. Announces Upsized Private Placement and Additional Flow-Through FinancingVancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - J2 Metals Inc. (TSXV: JTWO) (\"J2\" or the \"Company\") announces that due to demand it intends to complete an upsized non-brokered private placement for aggregate gross proceeds of up to $5,300,000, consisting of: (i) $3,800,000 raised through the issuance of subscription receipts (the \"Subscription Receipts\") at a price of $0.25 per Subscription Receipt (the \"Subscription Receipt Offering\"); and (ii) up to $1,500,000 raised through the issuance of flow-through subscription receipts (the \"FT Subscription Receipts\") at a price of $0.35 per FT Subscription Receipt (the \"Flow-Through Offering\", and together with the Subscription Receipt Offering, (the \"Offering\").Each Subscription Receipt issued pursuant to the Subscription Receipt Offering will entitle the holder thereof to receive, upon satisfaction of the escrow release conditions that include completion of the Company's previously announced plan of arrangement between the Company and Twenty Mile Metals Inc., and without payment of any additional consideration or further action on the part of the holder, one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.40 per share at any time for a period of 24 months following the date of conversion of the Subscription Receipts.Each FT Subscription Receipt will entitle the holder thereof to receive, upon satisfaction of the same escrow release conditions, and without payment of any additional consideration or further action on the part of the holder, one common share in the capital of the Company. No warrants will be issued in connection with the Flow-Through Offering. The common shares underlying the FT Subscription Receipts will be issued on a flow-through basis pursuant to the Income Tax Act (Canada).The gross proceeds from the sale of the Subscription Receipts and FT Subscription Receipts will be held in escrow pending satisfaction of the escrow release conditions. If the escrow release conditions are not satisfied, the escrowed funds will be returned to the holders of the Subscription Receipts and FT Subscription Receipts, togethe...