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Libra Energy Materials Announces Non-Brokered Private Placement Financing of Common Shares and Charity Flow-Through Shares
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Ontario--(Newsfile Corp. - November 10, 2025) - Libra Energy Materials Inc. (CSE: LIBR) ("Libra" or the "Company") is pleased to announce its intention to complete a non-brokered private placement financing (the "Offering") for total gross proceeds of $1,000,000, consisting of hard dollar common shares ("Hard Dollar Shares") of the Company at a price of $0.17 per Hard Dollar Share and...
About this update from Libra Energy Materials Inc.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - November 10, 2025) - Libra Energy Materials Inc. (CSE: LIBR) ("Libra" or the "Company") is pleased to announce its intention to complete a non-brokered private placement financing (the "Offering") for total gross proceeds of $1,000,000, consisting of hard dollar common shares ("Hard Dollar Shares") of the Company at a price of $0.17 per Hard Dollar Share and Critical Minerals Exploration Tax Credit ("CMETC") charity flow-through common shares ("CMETC FT Shares") at a price of $0.25 per CMETC FT Share. The Company reserves the right to increase the size of the Offering, subject to the approval of the Canadian Securities Exchange (the "Exchange").","length":759,"tagName":"p"},{"type":"text","content":"Offering Details","length":16,"tagName":"p"},{"type":"text","content":"Each Hard Dollar Share shall be comprised of one common share of the Company and each CMETC FT Share shall be comprised of one common share of the Company that will qualify as a "CMETC flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).","length":288,"tagName":"p"},{"type":"text","content":"The gross proceeds of the CMETC FT Shares will be used to fund further exploration programs on, but not limited to, the Company's Ontario and Quebec critical mineral properties, incurring expenditures that will qualify as "Canadian Exploration Expenses" and "flow-through critical mineral mining expenditures" as those terms are defined in the Income Tax Act (Canada), which will be renounced to the purchasers of the CMETC FT Shares with an effective date no later than December 31, 2025.","length":513,"tagName":"p"},{"type":"text","content":"The Company will pay a finders' fees of up to 8% in cash and 8% in broker warrants ("Broker Warrants") in connection with the Offering. The Broker Warrants will be exercisable at a price of $0.17 per common share at any time within 24 months from the date of issuance. The Offering is subject to the receipt of all required regulatory approvals including the approval of the Exchange. All se...