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Viridian Metals Announces Flow-Through Private Placement, Warrant Extension and Date of Annual General and Special Meeting
OTTAWA, May 14, 2026 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is pleased to announce that it has entered into a binding subscription agreement with Pavilion Flow- Through L.P. (2026) 1 (the “Investor”) in respect of a non-brokered private placement (the “Private Placement”) of flow-through units of the Company (the “Units”) at a price of $0.52 per Unit for aggregate gross proceeds to the Company of $750,000. The subscription price per Unit represents a p
About this update from Viridian Metals Inc
[{"type":"text","content":"OTTAWA, May 14, 2026 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (CSE: VRDN) (“Viridian” or the “Company”) is pleased to announce that it has entered into a binding subscription agreement with Pavilion Flow- Through L.P. (2026) 1 (the “Investor”) in respect of a non-brokered private placement (the “Private Placement”) of flow-through units of the Company (the “Units”) at a price of $0.52 per Unit for aggregate gross proceeds to the Company of $750,000. The subscription price per Unit represents a premium of approximately 60% to the closing price of the Company's common shares on the CSE on May 13, 2026.","length":611,"tagName":"p"},{"type":"text","content":"Each Unit will be comprised of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (a “FT Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.65 per share for a period of 24 months from the date of issuance.","length":418,"tagName":"p"},{"type":"text","content":"“The decision by an existing shareholder to increase its position at a significant premium to our recent market price we believe reflects a strong conviction in the Company's exploration thesis," said Tyrell Sutherland, President and Chief Executive Officer of Viridian. "The financing provides Viridian with the capital to continue advancing its high potential copper-focused exploration in Labrador, and we look forward to outlining an expanded 2026 program in the near term."","length":497,"tagName":"p"},{"type":"text","content":"The gross proceeds raised from the issuance of the Units will be used by the Company to incur eligible Canadian exploration expenses that qualify as “flow-through critical mineral mining expenditures” within the meaning of the Income Tax Act (Canada) on the Company’s projects in Labrador. The Company will renounce such expenditures to subscribers of the Units with an effective date on or before December 31, 2026.","length":416,"tagName":"p"},{"type":"text","content":"The Investor is a fund managed by Accilent Capital Management Inc. (“Accilent”). On closing of the Private Placement, Accilent will have direct or indirect control and direction over 11,561,135 common sha...