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Kiplin Metals Announces Closing Of Non-Brokered Private Placement Of $500,000
(TheNewswire) April 30, 2026 – TheNewswire – Kiplin Metals Inc. (the &#x...
About this update from Kiplin Metals Inc.
[{"type":"text","content":"Kiplin Metals Announces Closing Of Non-Brokered Private Placement Of $500,000\n(TheNewswire)\n\n\nApril 30, 2026 – TheNewswire – Kiplin\nMetals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) is pleased to announce\nthat, further to its news release of April 17, 2026, the Company has\nclosed its non-brokered private placement financing through the\nissuance of 3,125,000 units (each, a “Unit”) at a price of $0.16 per Unit for aggregate gross\nproceeds of $500,000 (the “Offering”). Each Units consists of one common share of the\nCompany (a “Common Share”)\nand one Common Share purchase warrant (a “Warrant”), with each Warrant\nexercisable to purchase one additional Common Share at an exercise\nprice of $0.24 until April 30, 2028.\n\n\nThe Company intends to utilize the net proceeds from the Private\nPlacement for exploration work and for general working capital\npurposes.\n\n\nThe Units issued in connection with the Offering are subject to\nrestrictions on resale until August 31, 2026, in accordance with\napplicable Canadian securities laws.\n\n\nThe Offering included a subscription from a director and officer of\nthe Company (the “Insider”) in the aggregate amount of 312,500 Units.\nParticipation in the Offering by the Insider constitutes a “related\nparty transaction” within the meaning of Multilateral Instrument 61-101 – Protection of\nMinority Security Holders in Special Transactions (“MI 61-101”).  The issuance of\nsecurities to the Insider is exempt from the valuation requirement and\nthe minority shareholder approval requirements of MI 61-101 by virtue\nof the exemptions contained in sections\n5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of\nthe consideration of the securities issued to the Insider does not\nexceed twenty-five percent of the Company’s market capitalization.\n\n\nAbout Kiplin Metals Inc.\n\n\nhttps://www.kiplinmetals.com/Kiplin Metals Inc. is\na mineral exploration company. We create value for our shareholders by\nidentifying and developing highly prospective mineral exploration\nopportunities. Our strategy is to advance our projects from discovery\nto production, allowing Kiplin to achieve exceptional shareholder\nvalue th...