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Loyalist Exploration Announces $1,700,000 Non-Brokered Private Placement
Toronto, Ontario – TheNewswire – December 8, 2025 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce a non-brokered
About this update from Loyalist Exploration Limited
[{"type":"text","content":"Toronto, Ontario – TheNewswire – December 8, 2025 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce a non-brokered private placement consisting of the sale of hard dollar and flow through common shares (the “Offering”). The Offering will consist of the sale of up to: (i) 21,250,000 hard dollar common shares in the capital of the Company (“Common Shares”) at a price of $0.04 per Common Share for gross proceeds of up to $850,000; and (ii) 17,000,000 Common Shares, each to be issued as “flow-through shares” (the “FT Shares”) within the meaning of the Income Tax Act (Canada)(the “Tax Act”) at a price of $0.05 per FT Share for gross proceeds of up $850,000. The proceeds from the sale of FT Shares will be used to incur \"Canadian exploration expenses\" as defined in subsection 66.1(6) of the Income Tax Act and \"flow through mining expenditures\" as defined in subsection 127(9) of the Income Tax Act (\"Qualifying Expenditures\"). Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT Shares. More specifically, the proceeds from the sale of FT Shares will be used for exploration and permitting of the Tully Gold Property, as well as data review, digitization, an internal resource calculation, exploration planning and the commencement of a NI-43-101 resource estimate and technical report, as well the commencement of exploration on the Gold Rush Property. The proceeds from the sale of HDCS will be for marketing, property payments on the Gold Rush Property and the DeSantis Property as well as general working capital. The Company may pay finder’s fees to eligible finders in connection with the Offering. Certain insiders of Loyalist may participate in the Offering, which would constitute a \"related party transaction\", as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquired securities by such insiders will not exceed 25% of the market capitalizat...