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NUVAU MINERALS ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT
NUVAU MINERALS ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT Canada Ne...
About this update from Nuvau Minerals Inc.
[{"type":"text","content":"\n\n\nNUVAU MINERALS ANNOUNCES CLOSING OF FIRST TRANCHE OF BROKERED PRIVATE PLACEMENT\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, Feb. 25, 2026 /CNW/ - Nuvau Minerals Inc. (TSXV: NMC) (the \"Company\" or \"Nuvau\") is pleased to announce that it has closed the first tranche of its previously announced brokered private placement pursuant to which the Company issued an aggregate of 17,471,250 units of the Company (each, a \"Unit\") at an issue price of $0.80 per Unit (the \"Offering Price\") for aggregate gross proceeds of $13,977,000 (the \"Offering\"). Each Unit consists 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 Company intends to use the proceeds of the Offering for working capital and general corporate purposes and for the completion of exploration and development activities at its Matagami property.\n\n\n\n\n\n\n\nThe 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 agreed to pay the Agents a cash commission equal to 6.0% of the gross proceeds of the Offering (the \"Cash Fee\"), provided that the Company will pay a reduced Cash Fee of 3.0% in respect of the gross proceeds raised from sales to purchasers included on a president's list formed by the Company in consultation with the Agents (the \"President's List Purchasers\"). In addition, the Company agreed to issue to the Agents such number of non-transferable compensation options of the Company (the \"Compensation Options\") as is equal to 6.0% of the aggregate number of Un...