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Viridian Metals Announces Closing of First Tranche of Financing and Short Form Vertical Amalgamation
Not for distribution to U.S. news wire services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is pleased to announce that further to its press release dated November 7, 2025 that it has closed a first tranche (the “First Tranche”) of its non-brokered private placement (the "Offering") consisting of the issuance of a combination of: (i) flow-through shares (“Flow-Through Share
About this update from Viridian Metals Inc
[{"type":"text","content":"Not for distribution to U.S. news wire services or for dissemination in the United States","length":89,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is pleased to announce that further to its press release dated November 7, 2025 that it has closed a first tranche (the “First Tranche”) of its non-brokered private placement (the "Offering") consisting of the issuance of a combination of: (i) flow-through shares (“Flow-Through Shares”) of the Company at a price of $0.75 per Flow-Through Share, and (ii) non-flow-through units of the Company (each, a "Hard Dollar Unit") at a price of $0.56 per Hard Dollar Unit, for aggregate gross combined proceeds to the Company of $591,543.68.","length":679,"tagName":"p"},{"type":"text","content":"“This raise was driven by investor demand, not capital need. Viridian is already well funded, and this initial tranche allows us to bring committed investors into the fold,” said Tyrell Sutherland, President and CEO of Viridian.","length":228,"tagName":"p"},{"type":"text","content":"The First Tranche closing includes the issuance of:","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"296,672 “Flow-Through Shares” at $0.75 per share for gross proceeds of $222,504; and","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":" 658,999 “Hard Dollar Units” at $0.56 per unit for gross proceeds of $369,039.68","length":79,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Each Hard Dollar Unit is comprised of one common share and one half of one share purchase warrant exercisable at $0.75 exercisable until December 2, 2027.","length":154,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":154,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":317,"olType":false},{"type":"text","content":"In connection with the closing of the Final Tranche, the Company paid a finder’s fee of $21,840.28 in cash, representing 7% of the proceeds raised from subscribers introduced by finders, and issued 32,667 finder warrants (the “Finder’s Warrants”). Each Finder Warrant entitles the holder to purchase one common share at an exercise price of $0.75 until December 2, 2027, with no acceleration provision attache...