Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Athos Metals Corp. ("Athos" or the "Company") is pleased to announce that, in connection with the proposed arm's length qualifying transaction (the "Proposed Transaction") between the Company and Meed Growth Corp. (TSXV: MEED.P), Athos intends to complete a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $2,000,000 through the issuance of subscription receipts.
Highlights — Non-Brokered Private Placement
Offering type: Non-brokered private placement of subscription receipts
Aggregate gross proceeds: $2,000,000
Subscription Receipts: $0.10 per Subscription Receipt - Gross proceeds: $1,000,000
Flow-through Subscription Receipts: $0.12 per FT Subscription Receipt - Gross proceeds: $1,000,000
Flow-through designation: "Flow-through share" per subsection 66(15) of the Income Tax Act (Canada); Ontario focused flow-through share under the Taxation Act, 2007 (Ontario)
Use of proceeds: Advance exploration on Athos' mineral properties; working capital and general corporate purposes
"We've been encouraged by the response from our existing investors, who have indicated strong interest in participating in the Private Placement. That kind of continuity of support gives us real confidence as we move toward listing and into the drill program. The flow-through component also allows us to leverage meaningful Canadian and Ontario government support for critical minerals exploration — a real advantage for investors looking to maximize the value of their participation "
— Alex Bayer, Chief Executive Officer, Athos Metals Corp.
The Private Placement
Subscription Receipts — $0.10 per Subscription Receipt
Each Subscription Receipt will entitle the holder thereof to receive, without additional consideration or further action one (1) Athos Share upon the satisfaction of the Escrow Release Conditions (as defined below).
Flow-through Subscription Receipts — $0.12 per FT Subscription Receipt
Each Flow-through Subscription Receipt ("FT Subscription Receipt") will entitle the holder thereof to receive, without additional consideration or further action, one (1) Athos Share (a "FT Athos Share") that shall qualify as a "flow-through share" upon satisfaction of the Escrow Release Conditions. The Company will incur Canadian exploration expenses qualifying as Critical Minerals exploration expenditures in an amount equal to the aggregate issue price of the FT Subscription Receipts. Investors should consult their own tax advisors regarding eligibility for and the quantum of available tax credits