Business
Meryllion Resources Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce that it has closed a first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to this First Tranche, the Company issued a total of 5,640,000 common shares in the capital stock of the Company (the "Common Shares") at a price of $0.05 per Common Share for gross..
About this update from Meryllion Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce that it has closed a first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to this First Tranche, the Company issued a total of 5,640,000 common shares in the capital stock of the Company (the "Common Shares") at a price of $0.05 per Common Share for gross proceeds of $ $282,000. The Company paid a finder's fee of $10,500 to an eligible finder assisting with the First Tranche. The Company expects to close a second tranche of the Private Placement within the next two weeks.","length":773,"tagName":"p"},{"type":"text","content":"The Private Placement is subject to final acceptance of the Canadian Securities Exchange (the "CSE"). All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day from the date of issuance.","length":250,"tagName":"p"},{"type":"text","content":"The proceeds from the Private Placement will be used by Meryllion to fund exploration activities and for working capital purposes.","length":130,"tagName":"p"},{"type":"text","content":"Certain insiders of the Company participated in the First Tranche for an aggregate of $37,500. The issuance of Common Shares to insiders constitutes a related-party transaction within the meaning of Multi-Lateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to Sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval as the fair market value of the insiders' participation in the First Tranche is below 25% of the Corporation's market capitalization for purposes of MI 61-101.","length":652,"tagName":"p"},{"type":"text","content":"About Meryllion Resources Corporation:","length":38,"tagName":"p"},{"type":"text","content":"Meryllion is an exploration stage company listed on the CSE. The Company recently entered into a lease and option agreement in respect of the Makenzie gold/silver/antimony project located 44 kms south southwest of Austin, Nevada in the Toiyabe Rang...