Ramp Metals Announces $2.8M Non-Brokered Private Placement

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[{"type":"text","content":"Ramp Metals Announces $2.8M Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - May 2, 2025) - Ramp Metals Inc. (TSXV: RAMP) (\"Ramp Metals\" or the \"Company\") is pleased to announce a non-brokered private placement financing of up to approximately $2,800,000 (the \"Offering\"). The Offering is expected to consist of the issue and sale of:Up to 1,111,111 charity flow-through common shares (the \"CFT Shares\") at a price of $2.07 per CFT Share for gross proceeds of up to approximately $2,300,000; andUp to 370,370 common shares (the \"Common Shares\") at a price of $1.35 per Common Share for gross proceeds of up to approximately $500,000.The proceeds from the issuance of the CFT Shares of the Offering will be used for copper (i.e. critical mineral) exploration expenses at the Company's Rottenstone SW property in Saskatchewan. The proceeds from the sale of the Common Shares will be used for both exploration expenses and general working capital. The Offering is scheduled to close on or about May 23, 2025.The CFT Shares will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\"). An amount equal to the gross proceeds from the issuance of the CFT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) \"Canadian exploration expenses\" (as defined in the Tax Act), and (ii) as \"flow-through critical mining expenditures\" (as defined in subsection 127(9) of the Tax Act). The closing is subject to certain conditions, including the approval of the TSX Venture Exchange (the \"TSXV\"). Finder's fees may be paid in accordance with TSXV policies. All securities issued in connection with the Offering will be subject to a hold period in Canada of four months plus one day. About Ramp Metals Inc.Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has new high-grade gold discovery of 73.55 g/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises 32,715 hectares and is situated in the Rottenstone Domain.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this relea...

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