Business
Military Metals Announces Closing of Fully Subscribed LIFE Offering
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Military Metals Corp. (CSE: MILI) (FSE: QN90) (the "Company") is pleased to announce, further to its news releases dated November 21, 2025 and December 2, 2025, that it has closed its non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein), issuing 8,332,888 units of the Company ("Units") at a purchase price of $0.36 per Unit (the "Offering") for aggregate gross proceeds of $2,999,840. Each.
About this update from Military Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Military Metals Corp. (CSE: MILI) (FSE: QN90) (the "Company") is pleased to announce, further to its news releases dated November 21, 2025 and December 2, 2025, that it has closed its non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein), issuing 8,332,888 units of the Company ("Units") at a purchase price of $0.36 per Unit (the "Offering") for aggregate gross proceeds of $2,999,840.","length":524,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one additional Share (each a "Warrant Share", and together with the Units, Shares and Warrants, the "Securities") at an exercise price of $0.55 for a period of twelve (12) months from the date issuance.","length":452,"tagName":"p"},{"type":"text","content":"The Company is pleased to note that the Offering included a lead order of $1,500,000 from an arm's length European investor, reflecting what the Company perceives to be strong interest in the Company's exploration strategy in Slovakia by the European market.","length":266,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid an aggregate cash finder's fee of $49,321 and issued an aggregate of 137,003 non-transferable finder's warrants ("Finder's Warrants") from the sale of Units to subscribers directly introduced to the Company by Canaccord Genuity Corp., Haywood Securities Inc., and Ventum Financial Corp. Each Finder's Warrant will entitle the holder to acquire one Share at a price of $0.55 each for a period of twelve (12) months from the date of issuance. The Finder's Warrants are subject to a statutory four month hold period expiring on April 5, 2026.","length":619,"tagName":"p"},{"type":"text","content":"The Units sold under the Offering were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "Listed Issuer Financing Exemption") to purchasers resident in all provinces of Canada, except Quebec, and...