Kiplin Metals Announces Closing Of Non-Brokered Private Placement Of $500,000

About this update from Kiplin Metals Inc.

Kiplin Metals Announces Closing Of Non-Brokered Private Placement Of $500,000 (TheNewswire) April 30, 2026 – TheNewswire – Kiplin Metals Inc. (the “Company” or “Kiplin”) (TSX-V: KIP, FWB: 17G1) is pleased to announce that, further to its news release of April 17, 2026, the Company has closed its non-brokered private placement financing through the issuance of 3,125,000 units (each, a “Unit”) at a price of $0.16 per Unit for aggregate gross proceeds of $500,000 (the “Offering”). Each Units consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), with each Warrant exercisable to purchase one additional Common Share at an exercise price of $0.24 until April 30, 2028. The Company intends to utilize the net proceeds from the Private Placement for exploration work and for general working capital purposes. The Units issued in connection with the Offering are subject to restrictions on resale until August 31, 2026, in accordance with applicable Canadian securities laws. The Offering included a subscription from a director and officer of the Company (the “Insider”) in the aggregate amount of 312,500 Units. Participation in the Offering by the Insider constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The issuance of securities to the Insider is exempt from the valuation requirement and the minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of the consideration of the securities issued to the Insider does not exceed twenty-five percent of the Company’s market capitalization. About Kiplin Metals Inc. https://www.kiplinmetals.com/Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our projects from discovery to production, allowing Kiplin to achieve exceptional shareholder value through the entire life-cycle of mining.   Lloyd Lake Uranium Project. The Lloyd La...

View stock analysis, news, and events for Kiplin Metals Inc.