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Temas Announces Closing Of Private Placement And Early Warning Report
VANCOUVER, BC / ACCESS Newswire / March 24, 2025 /Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF) is pleased to announce that it has completed its previously announced non-brokered private placement for cumulative gross proceeds ...
About this update from Temas Resources Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / March 24, 2025 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF) is pleased to announce that it has completed its previously announced non-brokered private placement for cumulative gross proceeds of $525,500.25 from the sale of up to 7,006,669 units of the Company (each, a "Unit") at a price of C$0.075 per Unit. Previously, the Company announced that it intends to complete non-brokered private placements for cumulative gross proceeds of up to C$500,000 from the sale of up to 6,666,666 Units of the Company at a price of C$0.075 per Unit, with 2,000,000 Units being offered under the Listed Issuer Financing Exemption offering (the "LIFE Offering") and 4,666,666 Units being offered under the concurrent private placement offering (the "Concurrent Offering"). However, the Company has since ceased its LIFE Offering. Due to significant demand in the Concurrent Offering, it has been oversubscribed, and the Company has increased the aggregate financing size to $525,500.25.","length":1086,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.18 at any time on or before March 24, 2026, provided that if the closing price of the common shares on the Canadian Securities Exchange ("CSE") is equal to or greater than $0.22 for a period of 5 consecutive trading days (the "Triggering Event"), the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by disseminating a press release, and in which case the Warrants will expire on the 10th day after the date on which such press release is disseminated. No commissions or fees were paid in connection with the Concurrent Offering.","length":876,"tagName":"p"},{"type":"text","content":"Mr. S. Kyler Hardy, a director of the Company, indirectly acquired 4,000,002 Units for a total consideration of $300,000.15. The participation of a director or an insider of the Company, constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - P...