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TSX-V: TT Announces Correction to October 28, 2025 News Release
(TheNewswire) October 28, 2025 – TheNewswire - Vancouver, BC - Total Met...
About this update from Total Metals Corp
[{"type":"text","content":"TSX-V: TT Announces Correction to October 28, 2025 News Release\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n October 28, 2025 –\n \n\n TheNewswire -\n \n\n Vancouver, BC -\n \n\n Total Metals Corp. (“\n \n\n Total\n \n\n Metals\n \n\n ” or the “\n \n\n Company\n \n\n ”) (\n \n\n TSX-V: TT\n \n\n )\n(\n \n\n FSE\n \n\n :\n \n\n O4N\n \n\n )\n \n\n wishes to clarify certain information\ndisclosed in its news release dated October 28, 2025, titled “ TSX-V\nCloses Acquisition of High Lake and West Hawk Lake from McFarlane Lake\nMining and Closing of Final Tranche of Non-Brokered Private\nPlacement”.\n \n\n\n\n The company advises that due to a clerical error, the\n‘Transaction Details’ incorrectly stated that “for a purchase\nprice of $9.25MM, via the issuance of 3,333,333 Common shares of the\ncompany.” The correct ‘Transaction Details’ are as\nfollows:\n \n\n\n\n Transaction Details\n \n\n\n\n Pursuant to the Asset Purchase Agreement\n(“\n \n\n APA\n \n\n ”), dated October 20, 2025 between the Company and MLM the\nCompany acquired 100% of the Project for a purchase price of $9.25MM\n(the “\n \n\n Purchase\n \n\n Price\n \n\n ”), via the\nissuance of 3,333,333 common shares of the Company (the\n“\n \n\n Common\n \n\n Shares\n \n\n ”) to MLM, at\na deemed price of $0.60 per Common Share and cash considerations of\nCAD$7.25 million. For more information regarding the Acquisition,\nplease refer to the APA, a copy of which is available on the\nCompany’s SEDAR+ profile at\n \n\n\n\n www.sedarplus.ca\n \n\n\n\n .\n \n\n\n\n The Acquisition was arm’s length. The Common Shares\nforming the Purchase Price are subject to a standard four month and\none day hold period, as required by National Instrument 45-106 –\n \n\n Prospectus\nExemptions\n \n\n and are not subject to any additional\nescrow or resale restrictions\n \n\n\n\n In determining the consideration for the Acquisition of\nthe Project, the Company considered, among other things: (a) that the\nproperties are exploration-stage with road access and established\nlocal infrastructure, supporting manageable costs and timelines; (b)\nthe prevailing gold price environment and constructive outlook; (c)\nhigh-gr...