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Trailbreaker Resources Announces Flow-Through Financing up to $3M
(TheNewswire) February 26, 2026 – TheNewswire - Trailbreaker Resources Ltd. (TBK.V...
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":"Trailbreaker Resources Announces Flow-Through Financing up to $3M\n(TheNewswire)\n\n\nFebruary 26, 2026 – TheNewswire - Trailbreaker Resources Ltd.\n(TBK.V) (“Trailbreaker” or “the\nCompany”) today announces a non-brokered structured private placement\noffering (the “Offering”), to consist of the sale of the following\nsecurities:\n\n\na. up to 2,142,857 CMETC\nflow-through units (“CMETC FT Units”) at a price of $0.56 per\nCMETC FT Unit, to raise gross proceeds of up to $1.2 million, to fund\ncritical minerals exploration expenses , each CMETC FT Unit\nconsisting of 1 CMETC FT common share and ½ of a common share\npurchase warrant, each of which will qualify as a \"flow-through\nshare\" within the meaning of subsection 66(15) of the\nIncome Tax Act (Canada) (the \"Tax Act\"). Each full warrant is\nexercisable at $0.50 for 24 months from the date of issue for one non-flow-through common share;\nand\n\n\nb. up to 3,600,000 flow-through\nunits (“FT Units”) at a price of $0.50 per FT Unit to raise gross\nproceeds of up to $1.8 million, each FT Unit consisting of 1 FT common\nshare and ½ of a common share purchase warrant, each of which will\nqualify as a \"flow-through share\" within the meaning of\nsubsection 66(15) of the Tax Act. Each full warrant is exercisable at\n$0.50 for 24 months from the date of issue for\none non-flow-through common share.\n\n\nAll of the FT Units and CMETC FT Units issued pursuant\nto the Offering, which is subject to TSX Venture Exchange acceptance,\nwill be subject to a hold period in Canada of four months plus one day\nfrom closing.\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\nCMETC FT Units, pursuant to the provisions in the Tax Act, to incur\neligible “Canadian exploration expenses” that qualify, in the case\nof the FT Units, as “flow-through mining expenditures” within the\nmeaning of the Tax Act, and, in the case of the CMETC FT Units, as\n“flow-through critical mineral mining expenditures” within the\nmeaning of the Tax Act, and, in each case, for FT Units and CMETC FT\nUnits purchased by eligible British Columbia purchasers, as \"BC\nflow-through mining expenditures\" that meet the crit...