Business
Melkior Announces $1.5M Non-Brokered Private Placement
(TheNewswire) Highlights: Non-brokered private placement to raise up to $1,500,...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Announces $1.5M Non-Brokered Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Highlights:\n \n\n\n\n\n\n Non-brokered private placement to raise up to\n$1,500,000 to fund exploration and corporate purposes, including an up\nto 5,000-metre drill program at the Carscallen Project.\n \n\n\n\n\n\n The drill program will follow up on high-grade gold\nintercept from MKR-24-002:\n \n\n 77.4 g/t Au over 6.9 metres\n \n\n , including\n \n\n 445 g/t Au over 1.2\nmetres.\n \n\n\n\n\n\n The Company currently has working capital of $1.1\nmillion.\n \n\n\n\n\n\n The Carscallen Project is located in the West Timmins\nGold Camp, an area gaining renewed interest following recent M\n \n\n &\n \n\n A activity.\n \n\n\n\n Timmins, Ontario – May 12, 2025 —\n \n\n TheNewswire -\n \n\n Melkior Resources Inc. (“\n \n\n Melkior\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce that it\nintends to complete non-brokered private placements to raise gross\nproceeds of up to $1,500,000 through the issuance of up to (i)\n3,600,000 units of the Company (the “\n \n\n Units\n \n\n ”)\n \n\n at a price of $0.15 per Unit for gross proceeds of up\nto $540,000 (the “\n \n\n Hard\nDollar Offering\n \n\n ”), and (ii) 5,818,182\nflow-through common shares (the “\n \n\n FT Shares\n \n\n ”) at a\nprice of $0.1625 per FT Share for gross proceeds of up to $960,000\n(the “\n \n\n FT\nOffering\n \n\n ”) (together, the “\n \n\n Offering\n \n\n ”).\n \n\n\n\n With respect to the Hard Dollar Offering, each Unit\nwill consist of one common share in the capital of the Company (a\n“\n \n\n Share\n \n\n ”) and one-half of one common share purchase warrant (each\nwhole warrant, a “\n \n\n Warrant\n \n\n ”). Each Warrant will entitle the\nholder thereof to acquire one additional Share (a “\n \n\n Warrant Share\n \n\n ”) at\na price of $0.22 per Warrant Share for a period of two (2) years from\nthe date of issuance.\n \n\n\n\n With respect to the FT Offering, the FT Shares qualify\nas “flow-through shares” within the meaning of subsection 66(15)\nof the Income Tax Act (Canada) (the “\n \n\n Tax Act\...