Business
T2 Metals Closes First Tranche of Its Non-Brokered Private Placement with over $6.35 Million Raised
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) ("T2 Metals" or the "Company") is pleased to announce closing of the first tranche of its non-brokered private placement (the "Financing") as announced on February 27, 2026 and increased on March 13, 2026. The Company issued a total of 12,726,262 units (each a "Unit"), at a price of $0.50 per Unit, for gross proceeds of $6,363,131, with each Unit comprising one common share..
About this update from Two Harbors Investment Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) ("T2 Metals" or the "Company") is pleased to announce closing of the first tranche of its non-brokered private placement (the "Financing") as announced on February 27, 2026 and increased on March 13, 2026. The Company issued a total of 12,726,262 units (each a "Unit"), at a price of $0.50 per Unit, for gross proceeds of $6,363,131, with each Unit comprising one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.75 for a period of two years from closing.","length":740,"tagName":"p"},{"type":"text","content":"Mark Saxon, CEO of T2 Metals Corp., said, "The strong response to this private placement, which has allowed us to raise over $6.35 million in this first tranche alone, has placed us in a favourable position for the 2026 field season. This funding secures our ability to execute on our primary exploration goals in the Yukon and Manitoba, where we see immense potential for gold, silver and copper discoveries. With a strong balance sheet now in place, our focus shifts entirely to the field as we prepare to deliver results for our shareholders.","length":550,"tagName":"p"},{"type":"text","content":"We anticipate a final closing of the private placement within one week." ","length":77,"tagName":"p"},{"type":"text","content":"Certain insiders of the Company participated in the Financing and purchased an aggregate of 60,000 Units. Participation of the insiders in the Offering constituted a "related party transaction" as defined under Multilateral Instrument 61‐101 - Protection of Minority Security Holders in Special Transactions ("MI 61‐101"), but was exempt from the formal valuation and minority shareholder approval requirements of MI 61‐101, as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25% of the Company's market capitalization. None of the Company's directors expressed any contrary views or disagreements with respect to the foregoing. The Company did not file a material change report 21 days prior to the closing of the Offering as the d...