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Torr Metals Announces C$2.8 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Torr Metals Inc. (TSXV:...
About this update from Torr Metals Inc
[{"type":"text","content":"Torr Metals Announces C$2.8 Million Private PlacementVancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Torr Metals Inc. (TSXV: TMET) (\"Torr\" or the \"Company\"), is pleased to announce a non-brokered private placement offering (the \"Offering\") of up to 1,176,471 flow-through units (the \"FT Unit\") at a price of $0.17 per FT Unit, up to 11,538,462 charity flow-through units (the \"Charity FT Units\") at a price of $0.208, and up to 1,538,462 non flow-through units (the \"NFT Units\") at a price of $0.13 per Unit for aggregate gross proceeds of up to $2,800,000.Each FT Unit will consist of one (1) flow-through common share of the Company (a \"FT Share\") and one-half (1/2) of a common share purchase warrant (each whole warrant, a \"FT Unit Warrant\"). Each FT Unit Warrant shall entitle the holder to acquire one (1) additional non flow-through common share of the Company (a \"Warrant Share\") at a price of $0.25 per share for a period of 24 months from the date or dates of closing of the Offering (a \"Closing Date\").Each Charity FT Unit will consist of one (1) FT Share and one-half (1/2) of a common share purchase warrant (each whole warrant, a \"Charity FT Unit Warrant\"). Each Charity FT Unit Warrant shall entitle the holder to acquire one (1) Warrant Share at a price of $0.21 per share for a period of 24 months from the Closing Date.Each NFT Unit will consist of one (1) non flow-through common share of the Company (a \"Share\") and one-half (1/2) of a common share purchase warrant (each whole warrant, a \"Unit Warrant\"). Each NFT Unit Warrant shall entitle the holder to acquire one (1) additional Warrant Share at a price of $0.21 per share for a period of 24 months from the Closing Date.All Warrants issued in connection with this Offering will be subject to earlier expiry in the event that the closing price of the common shares exceeds $0.35 for 10 consecutive trading days. The Company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.All FT Shares and Charity FT Unit Warrant offered in connection with this Offering qualify as a \"flow-through share\" within the meaning of the Income Tax Act (Canada) (the \"Tax Act\"). The Charity FT Units Offering will be facilitated by PearTree Securities Inc. (\"PearTree\"). PearTree will not receive any fees or commissions f...