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Nuvau Minerals Announces Closing of Final Tranche of Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 6, 2026) - Nuvau Minerals Inc. (TSXV: NMC) (the " Compa...
About this update from Nuvau Minerals Inc.
[{"type":"text","content":"Nuvau Minerals Announces Closing of Final Tranche of Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - March 6, 2026) - Nuvau Minerals Inc. (TSXV: NMC) (the \"Company\" or \"Nuvau\") is pleased to announce that it has closed the second and final tranche of its previously announced brokered private placement pursuant to which the Company issued (i) an aggregate of 7,928,523 common shares of the Company (each, a \"FT Share\") that qualify as \"flow-through shares\" within the meaning of the Income Tax Act (Canada) (the \"Tax Act\"), at an issue price of $0.90 per FT Share, for gross proceeds of $7,135,670.70, and (ii) an aggregate of 320,000 units of the Company (each, a \"Unit\"), at a price of $0.80 per Unit, for gross proceeds of $256,000 (together, the \"Offering\"). Together with the closing of the first tranche of the Offering on February 25, 2026, the Company has raised an aggregate of $21,368,670.70 in gross proceeds. Each Unit is comprised of one common share of the Company (each, a \"Common Share\") and one-half of one transferrable common share purchase warrant of the Company (each whole warrant, a \"Warrant\"), with each Warrant entitling the holder thereof to purchase one Common Share at a price of $1.30 per Common Share until February 25, 2029.The gross proceeds of the Offering will be used by the Company to incur eligible \"Canadian exploration expenses\" (as defined in the Tax Act), which will qualify as \"flow-through mining expenditures\" or as \"flow-through critical mineral mining expenditures\" (\"FTCMME\") (each as defined in the Tax Act) (the \"Qualifying Expenditures\"). At least 30% of the Qualifying Expenditures to be renounced to each subscriber of FT Shares will qualify as FTCMME, with certain subscribers being entitled to the renunciation of a higher percentage of Qualifying Expenditures that qualify as FTCMME. All Qualifying Expenditures will be incurred by the Company on or before December 31, 2027, and will be renounced in favour of the subscribers of the FT Shares with an effective date on or before December 31, 2026.The Offering was co-led by Clarus Securities Inc. and Integrity Capital Group Inc., as co-lead agents and co-lead bookrunners (together, the \"Agents\"). In consideration for the Agents' services, the Company paid the Agents a cash commission equal to 6.0% of the gross proc...