Business
SAGA Metals Announces Expiry of Warrant Acceleration Program and Receipt of C$3,422,888 in Warrant Proceeds since January 1, 2026
VANCOUVER, British Columbia, Feb. 26, 2026 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or th...
About this update from Saga Metals Corp.
[{"type":"text","content":"SAGA Metals Announces Expiry of Warrant Acceleration Program and Receipt of C$3,422,888 in Warrant Proceeds since January 1, 2026\nVANCOUVER, British Columbia, Feb. 26, 2026 (GLOBE NEWSWIRE) -- SAGA Metals Corp. (\"SAGA\" or the \"Company\") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to announce the successful completion and expiry of its Warrant Acceleration Program (the “Acceleration”) of outstanding common share purchase Warrants of the Company issued in connection with a financing that closed in two tranches on May 23 and July 31, 2025 (the “May Financing”) and a financing that closed on October 10, 2025 (the “October Financing”; together with the May Financing, the “Financings”). The Company issued an aggregate of 6,637,667 warrants and 163,146 finder’s warrants (together, the “May Warrants”) in connection with the May Financing. The Company also issued an aggregate of 555,750 finder’s Warrants (the “October Warrants”; together with the May Warrants, the “Warrants”) in connection with the October Financing. SAGA is pleased to report the exercise of 6,755,142 Warrants since January 1, 2026 and through the Acceleration, with total proceeds to the Company of $3,422,888 CDN. Mike Stier, CEO & Director of Saga Metals commented: “Thank you to all shareholders that exercised warrants during this acceleration period. We are thrilled to announce the success of this program bringing in $3,422,888 CDN in additional funding to the Company from the Acceleration as well as other in the money warrants. This influx of cash builds directly on the successful $9 Million CDN raised in Q4 2025, further bolstering our treasury and positioning the Company in the strongest financial position in its history. With additional cash secured and drilling well underway to start 2026 we continue to execute our strategy and deliver significant and sustainable value to our shareholders.” Each Warrant entitled the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from the issue date. Pursuant to the terms of the Warrants, the Company accelerated the expiry d...