Business
Trailbreaker Files For Approval Of $3.5M Flow-Through Financing
(TheNewswire)      March 1 1 , 2026 - TheNewswire – Trailbreaker ...
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":"Trailbreaker Files For Approval Of $3.5M Flow-Through Financing\n(TheNewswire)\n\n\n \n  \n\n\nMarch 11,\n2026 - TheNewswire – Trailbreaker Resources Ltd.\n(TBK.V) (“Trailbreaker” or “the\nCompany”) further to its February 26, 2026 and\nMarch 3, 2026 news releases the Company is pleased to announce that\nit has filed documents with the TSX Venture\nExchange (the “Exchange”) seeking Conditional Approval of its\nnon-brokered charity flow-through private placement offering for\nproceeds of up to $3.5 million (the “Offering”).  On receipt of\nExchange approval the Company will issue: \n\n\na. up to 2,500,000 CMETC\nflow-through units at a price of $0.56 per unit , to raise proceeds of\nup to $1.4 million, to fund Critical Mineral Exploration\nExpenses (“CMETC FT\nUnits”), each CMETC FT Unit consisting of 1\nCMETC FT common share and ½ of a common share purchase warrant, each\nfull warrant being exercisable at $0.50 for 24 months from the date of\nissue, such CMETC FT Units qualifying for the 30% Critical Mineral\nExploration Tax Credit as provided for in the Canadian federal budget\nof April 7, 2022; and\n\n\nb. up to 4,200,000 additional\nflow-through units at $0.50 per unit to raise proceeds of up to $2.1\nmillion, (“FT\nUnits”) , each FT Unit consisting of 1 FT\ncommon share and ½ of a common share purchase warrant, each full\nwarrant being exercisable at $0.50 for 24 months from the date of\nissue, to fund “flow-through mining expenditures” within the\nmeaning of section 127(9) of the Income Tax Act (Canada) that qualify for the 15% Mineral Exploration Tax\nCredit.\n\n\nAll of the FT Units and CMETC FT\nUnits issued pursuant to the Offering will be subject to a hold period\nin Canada of four months plus one day from closing.\n\n\nFinders fees in cash and warrants may be paid in\naccordance with Exchange policies.\n\n\nThe Company will use an amount equal to the gross\nproceeds received by the Company from the sale of the FT Units and the\nCMETC FT Units, pursuant to the provisions in the Income Tax Act\n(Canada), to incur eligible “Canadian exploration expenses” that\nqualify as “flow-through mining expenditures” as both terms are\ndefined in t...