Business
XXIX Announces Closing of $17.3 Million Financing
Toronto, Ontario--(Newsfile Corp. - February 12, 2026) - XXIX Metal Corp. (TSXV: XXIX) ("XXIX" or the "Company") is pleased to announce that it has closed its previously announced "best efforts" private placement offering (the "Offering") with SCP Resource Finance LP ("SCP") acting as lead agent and bookrunner, on behalf of a syndicate of agents including Beacon Securities Limited and Canaccord Genuity Corp. (together with SCP, the "Agents"). Pursuant to the Offering the Company issued...
About this update from Xxix Metal Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 12, 2026) - XXIX Metal Corp. (TSXV: XXIX) ("XXIX" or the "Company") is pleased to announce that it has closed its previously announced "best efforts" private placement offering (the "Offering") with SCP Resource Finance LP ("SCP") acting as lead agent and bookrunner, on behalf of a syndicate of agents including Beacon Securities Limited and Canaccord Genuity Corp. (together with SCP, the "Agents"). Pursuant to the Offering the Company issued 27,778,000 Ontario charity flow-through units (the "Ontario FT Units") at a price of $0.18 per Ontario FT Unit (the "Ontario FT Issue Price"); 31,579,000 Québec charity flow-through units (the "Québec FT Units") at a price of $0.19 per Québec FT Unit (the "Québec FT Issue Price"); and 52,083,917 units (the "Units", and together with the Ontario FT Units and Quebec FT Units, the "Offered Securities") at a price of $0.12 per Unit (the "Unit Issue Price") for combined gross proceeds to the Company of $17,250,120.","length":1136,"tagName":"p"},{"type":"text","content":"Each Ontario FT Unit consists of one common share of the Company (an "Ontario FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Warrant") that will each qualify as a "flow-through share" for the purposes of the Income Tax Act (Canada) (the "Tax Act"). Each Québec FT Unit consists of one common share of the Company (a "Québec FT Share, together with the Ontario FT Shares, the "FT Shares") and one-half of one Warrant that will each qualify as a "flow-through share" for the purposes of the Taxation Act (Québec) (the "Québec Tax Act"). Each Unit consists of one common share of the Company (each, a "Common Share") and one-half of one Warrant, each of which will not qualify as a "flow-through share" for the purposes of the Tax Act or the Quebec Tax Act.","length":924,"tagName":"p"},{"type":"text","content":"Each Warrant entitles the holder thereof to acquire one non-flow-through common share of the Company (a "Warrant Share") at a price of $0.17 per Warrant Share for a period of 24 months fr...