Business
T2 Metals Increases Private Placement to $1.468 Million
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) ("T2" or the "Company") is pleased to announce that due to strong demand, the Company has increased the non-flow-through portion of the non-brokered private placement (the "Financing"), announced on November 12, 2025, by up to $368,570. The Company now proposes to issue an aggregate of up to 4,562,567 hard dollar units (each a "HD Unit"), at a price of $0.30 per HD Unit,...
About this update from Two Harbors Investment Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A3DVMD) ("T2" or the "Company") is pleased to announce that due to strong demand, the Company has increased the non-flow-through portion of the non-brokered private placement (the "Financing"), announced on November 12, 2025, by up to $368,570. The Company now proposes to issue an aggregate of up to 4,562,567 hard dollar units (each a "HD Unit"), at a price of $0.30 per HD Unit, for gross proceeds of up to $1,368,770. The flow-through portion of the Financing remains the same at 250,000 flow-through units (each a "FT Unit") at a price of $0.40 per FT Unit, to raise up to $100,000.","length":768,"tagName":"p"},{"type":"text","content":"Each HD Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share at a price of $0.45 for a period of two years from closing. Each FT Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will be issued on a non-flow-through basis and will entitle the holder to purchase an additional common share at a price of $0.45 for a period of two years from closing.","length":520,"tagName":"p"},{"type":"text","content":"Proceeds from the Financing will be used to fund exploration at the Company's Sherridon copper-gold project in Manitoba, the Shanghai gold-silver project in the Yukon's Tombstone Gold Belt and for working capital.","length":221,"tagName":"p"},{"type":"text","content":"The gross proceeds from the sale of FT Units will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Sherridon Project, Manitoba.","length":358,"tagName":"p"},{"type":"text","content":"There will be insider participation in the Financing. Finders' fees may be paid on a portion of the Financing and net proceeds will be used for working capital and exploration.","length":180,"tagName":"p"},{"type":"text","content":"All securities issued in the Financing are ...