Business
Moon River Moly Ltd. Closes $3.6 Million LIFE Offering
Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB:...
About this update from Moon River Moly Ltd.
[{"type":"text","content":"Moon River Moly Ltd. Closes $3.6 Million LIFE OfferingToronto, Ontario--(Newsfile Corp. - February 26, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) (\"Moon River\" or the \"Company\") is pleased to announced that it has closed its \"best efforts\" private placement offering previously announced by the Company on February 11, 2026 (the \"Offering\"), pursuant to which 4,246,716 units of the Company (the \"Units\") were issued at a price of $0.85 per Unit for gross proceeds of approximately C$3,609,709.Each Unit consists of one common share of the Company (each, a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Common Share (each, a \"Warrant Share\") at price of $1.15 per Warrant Share at any time until February 26, 2028, provided that the Warrants may not be exercised prior to April 27, 2026.All Units distributed in connection with the Offering were issued and sold (i) pursuant to the \"listed issuer financing exemption\" under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (the \"LIFE Exemption\") in each of the provinces of Canada, other than Québec; and (ii) in the United States and other offshore jurisdictions, pursuant to available exemptions from the prospectus, registration or other similar requirements in such offshore jurisdictions, such that no prospectus, registration statement or similar document is required to be filed in any such offshore jurisdiction, in each case, in accordance with applicable laws. The securities issued under the LIFE Exemption will not be subject to a statutory hold period in Canada pursuant to applicable Canadian securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (the \"TSXV\").The Offering was completed pursuant to the terms of an agency agreement dated February 26, 2026 among the Company, Canaccord Genuity Corp. as lead agent (the \"Lead Agent\"), and ATB Cormark Capital Markets (together with the Lead Agent, the \"Agents\"). As consideration for their services in connection with the Offering, the Company pai...