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Salazar Resources Closes $1.4 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - SALAZAR RESOURCES LIMITED (T...
About this update from Salazar Resources Limited
[{"type":"text","content":"Salazar Resources Closes $1.4 Million Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) (\"Salazar\" or the \"Company\") is pleased to announce the closing of the non-brokered private placement financing (the \"Financing\") announced on December 3, 2025. The Company raised gross proceeds of $1,430,498 by issuing a total of 11,003,830 common shares (each a \"Share\"), at a price of $0.13 per Share. Finder's fees of $15,600 in cash and 120,000 finder's warrants (\"Finder's Warrants\") were paid on a portion of the Financing. Each Finder's Warrant entitles the finder to purchase one common share at a price of $0.13 per Share for two years from closing. Net proceeds will be used to fund costs on the Company's resource properties and for general working capital purposes. All securities issued in the Financing are subject to a four-month hold period and to all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange.Certain insiders of the Company participated in the Financing by purchasing an aggregate of 839,600 Shares. Participation of the insiders in the offering constituted a \"related party transaction\" as defined under Multilateral Instrument 61‐101 - Protection of Minority Security Holders in Special Transactions (\"MI 61‐101\"), but was exempt from the formal valuation and minority shareholder approval requirements of MI 61‐101, as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25% of the Company's market capitalization. None of the Company's directors expressed any contrary views or disagreements with respect to the foregoing. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of the insiders of the Company had not been confirmed at that time.This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities...