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Stillwater Critical Minerals Closes First Tranche of Brokered LIFE Offering for Gross Proceeds of C$3.5 Million
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Stillwater Critical Minerals Closes First Tranche of Brokered LIFE Offering for Gross Proceeds of C$3.5 MillionTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / June 25, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G), (the \"Company\" or \"Stillwater\") is pleased to announced that it has closed the first tranche (the \"First Tranche\") of its previously announced \"best efforts\" private placement (the \"Offering\") for total gross proceeds of C$3,479,164 from the sale of 15,126,802 units of the Company (each, a \"Unit\") at a price of C$0.23 per Unit (the \"Offering Price\"). Red Cloud Securities Inc. (\"Red Cloud\") acted as sole agent and bookrunner in connection with the Offering.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 purchase one Common Share (a \"Warrant Share\") at a price of C$0.34 at any time on or before June 25, 2028.In accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units were issued to Canadian purchasers 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 Common Shares and the Warrant Shares underlying the Units are immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units were also sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"). All securities not issued pursuant to the Listed Issuer Financing Exemption are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date.The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's flagship Stillwater West Ni-PGE-Cu-Co+Au project in the Still...