Mink Ventures Upsizes Previously Announced Private Placement Up To $1,000,000

About this update from Mink Ventures Corp.

[{"type":"text","content":"Mink Ventures Upsizes Previously Announced Private Placement Up To $1,000,000\n\n\n\n TORONTO, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Mink Ventures Corporation (TSXV:MINK) (“\n \n Mink\n \n ” or the \"\n \n Company\n \n \") today announced that, due to additional investor demand, it has increased the size of its previously announced (on September 25, 2025), non-brokered private placement from gross proceeds of up to $500,000 to gross proceeds of up to $1,000,000 (the “\n \n Offering\n \n ”). The Offering will consist of the sale of hard dollar units (the “\n \n HD Units\n \n ”) of the Company at a price of $0.10 per HD Unit and flow-through units (the “\n \n FT Units\n \n ”) of the Company at a price of $0.13 per FT Unit.\n \n\n Each HD Unit will consist of one common share of the Company (a “\n \n Common Share\n \n ”) and one Common Share purchase warrant (“\n \n Warrant\n \n ”). Each Warrant shall entitle the holder thereof to acquire one (1) common share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.20.\n \n\n Each FT Unit will consist of one Common Share of the Company (a “\n \n FT Share\n \n ”) and one Common Share purchase warrant (“\n \n FT\n \n\n Warrant\n \n ”). Each Warrant shall entitle the holder thereof to acquire one (1) common share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.20.\n \n\n The FT Shares are to be issued as “flow-through shares” within the meaning of the\n \n Income Tax Act\n \n (Canada) (the “\n \n Tax Act\n \n ”). An amount equal to the portion of the subscription price that is directly attributable to the consideration paid for the subscription and issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) “Canadian exploration expenses” (as defined in the Tax Act), and (ii) “flow-through critical mineral mining expenditures” (as defined in subsection 127(9) of the Tax Act) (collectively, the “\n \n Qualifying Expenditures\n \n “). Qualifying Expenditures in an aggregate amount equal to the gross proceeds raised from the issuance of the FT Shares wil...

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