Business
Nine Mile Metals Announces Private Placement of up to $4 Million
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Nine Mile Metals Ltd. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce a private placement of up to 21,052,632 units (the "Units") at a price of $0.19 per Unit for aggregate gross proceeds of up to $4,000,000 (the "Offering").Each Unit is comprised of one (1) common share of the Company (a "Common Share") and one (1) common share purchase warrant of the Company (a "Warrant"), with each Warrant...
About this update from Nine Mile Metals Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Nine Mile Metals Ltd. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce a private placement of up to 21,052,632 units (the "Units") at a price of $0.19 per Unit for aggregate gross proceeds of up to $4,000,000 (the "Offering").","length":367,"tagName":"p"},{"type":"text","content":"Each Unit is comprised of one (1) common share of the Company (a "Common Share") and one (1) common share purchase warrant of the Company (a "Warrant"), with each Warrant exercisable into one (1) Common Share at a price of $0.30 for a period of two (2) years, subject to the acceleration provision disclosed herein.","length":335,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45- 106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in all provinces of Canada, other than Quebec, and/or other qualifying jurisdictions 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 Units issued to Canadian resident subscribers under the Listed Issuer Financing Exemption, and the Common Shares and Warrants underlying the Units, will not be subject to a hold period pursuant to applicable Canadian securities laws.","length":798,"tagName":"p"},{"type":"text","content":"The Offering is expected to close on or about January 13, 2026 (the "Closing Date"), or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals.","length":272,"tagName":"p"},{"type":"text","content":"The Company may pay finder's fees in connection with the Offering comprised of cash equal to 8% of the gross proceeds of the Offering and finder warrants (the "Finders Warrants") equal to 8% of the number of Units issued under the Offering. Each Finders Warrant will be exercisable for one (1) additional Unit at a price of $0.19 for a period of two (2) years....