Business
XXIX Announces Upsize of Financing to $15 Million
Toronto, Ontario--(Newsfile Corp. - January 21, 2026) - XXIX Metal Corp. (TSXV: XXIX) ("XXIX" or the "Company") is pleased to announce that it has increased the size of 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 to be formed (together with SCP, the "Agents"), from up to $12,000,290 to up to $15,000,120 from the sale of any combination of the...
About this update from Xxix Metal Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - January 21, 2026) - XXIX Metal Corp. (TSXV: XXIX) ("XXIX" or the "Company") is pleased to announce that it has increased the size of 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 to be formed (together with SCP, the "Agents"), from up to $12,000,290 to up to $15,000,120 from the sale of any combination of the following:","length":564,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Ontario charity flow-through units (the "Ontario FT Units") at a price of $0.18 per Ontario FT Unit (the "Ontario FT Issue Price");","length":151,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"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 ","length":151,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"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").","length":190,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":492,"olType":false},{"type":"text","content":"Each Ontario FT Unit will consist 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 will consist 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 will consist 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.","length":914,"t...