Business
Meryllion Resources Announces New Non-Brokered LIFE Financing
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2026) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to
About this update from Meryllion Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 28, 2026) - Meryllion Resources Corporation (CSE: MYR) (\"Meryllion\" or the \"Company\") is pleased to announce its intention to complete a non-brokered private placement of a minimum of 20,000,000 units for minimum gross proceeds of $1,000,000 and a maximum of 43,500,000 units for maximum gross proceeds of $2,175,000, at a price of $0.05 per unit (the \"Units\"). Each Unit will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Commencing on the 62nd day after issuance, each Warrant will be exercisable into one Common Share at a price of $0.07 for a period of 36 months from the date of issuance (the \"Offering\"). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Offering is being made to purchasers resident in all provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"). The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The Units may also be offered in offshore jurisdictions as permitted under applicable legislation and in the United States pursuant to an exemption from the registration requirements of the 1933 Act (as hereinafter defined). The Offering is non-brokered; however, the Company has engaged Research Capital Corporation (the \"Finder\") as its exclusive finder in connection with the Offering. The Company will pay a cash fee of 8% of the gross proceeds raised in respect of the Offering from subscribers introduced by such Finder to the Company. The Company will also issue the Finder that number of finder's warrants (each a \"Finder Warrant\") equal to 8% of the number of Units sold to investors introduced by the Finder to the Company. Each Finder Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.07 for a period of 36 months from issuance. Subject to the minimum Offering being achieved, the Offering is expected to close on or about May 8, 2026, ...