Business
Canadian Metals Announces Private Placement of up to $2.3 Million
MONTREAL, Sept. 29, 2025 /CNW/ - Canadian Metals Inc. (CSE: CME) ("CME" or the "Company") is pleased to announce a non-brokered private placement of units and "
About this update from Silver Acadia Exploration Inc.
[{"type":"text","content":" MONTREAL, Sept. 29, 2025 /CNW/ - Canadian Metals Inc. (CSE: CME) (\"CME\" or the \"Company\") is pleased to announce a non-brokered private placement of units and \"flow-through\" units for gross proceeds of up to $2.3 million (the \"Offering\"). This financing is intended to advance the Company's exploration programs on its five properties in the Bathurst Mining Camp, New Brunswick. The Offering will consist of up to $2,300,000 in aggregate gross proceeds, comprising up to 8,181,818 units (the \"Units\") at a price of $0.11 per Unit and 11,666,666 \"flow-through\" units (the \"FT Units\") at a price of $0.12 per FT Unit. Each Unit will be comprised of one common share in the capital of the Company (each, a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.18 for a period of 18 months from the closing of each tranche of the Offering. Each FT Unit will be comprised of one Common Share issued as a \"flow-through\" share and one-half of one common share purchase warrant (each whole warrant, a \"FT Unit Warrant\"). Each whole FT Unit Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.20 for a period of 18 months from the closing of each tranche of the Offering. The Offering is being conducted on a non-brokered basis and all shares and warrants issued will be subject to a statutory hold period of four months and one day from the closing of each tranche of the Offering. The Company may pay finder's fees on a portion of the Offering, subject to compliance with the policies of the Canadian Securities Exchange (the \"CSE\") and applicable securities legislation. Closing of the Offering is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and the acceptance of the CSE. The Company intends to use the gross proceeds from the sale of the FT Units to incur exploration expenses that are eligible \"Canadian exploration expenses\" that qualify as \"flow-through critical mineral mining expenditures\" as such terms are defined in the Income Tax Act (Canada). This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale...