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T2 Metals Increases Private Placement to $1.468 Million
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - T2 Metals Corp. (TSXV: T...
About this update from T2 Metals Corp
[{"type":"text","content":"T2 Metals Increases Private Placement to $1.468 MillionVancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) (\"T2\" or the \"Company\") is pleased to announce that due to strong demand, the Company has increased the non-flow-through portion of the non-brokered private placement (the \"Financing\"), announced on November 12, 2025, by up to $368,570. The Company now proposes to issue an aggregate of up to 4,562,567 hard dollar units (each a \"HD Unit\"), at a price of $0.30 per HD Unit, for gross proceeds of up to $1,368,770. The flow-through portion of the Financing remains the same at 250,000 flow-through units (each a \"FT Unit\") at a price of $0.40 per FT Unit, to raise up to $100,000.Each HD Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share at a price of $0.45 for a period of two years from closing. Each FT Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will be issued on a non-flow-through basis and will entitle the holder to purchase an additional common share at a price of $0.45 for a period of two years from closing.Proceeds from the Financing will be used to fund exploration at the Company's Sherridon copper-gold project in Manitoba, the Shanghai gold-silver project in the Yukon's Tombstone Gold Belt and for working capital.The gross proceeds from the sale of FT Units will be used by the Company to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-through critical mineral mining expenditures\" as both terms are defined in the Income Tax Act (Canada) (the \"Qualifying Expenditures\") related to the Sherridon Project, Manitoba. There will be insider participation in the Financing. Finders' fees may be paid on a portion of the Financing and net proceeds will be used for working capital and exploration.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. 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...