Melkior Resources Announces Completion of Flow-Through Private Placement

About this update from Melkior Resources Inc.

Timmins, Ontario – April 10, 2026 - TheNewswire — Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce the closing of its non-brokered private placement raising gross proceeds of $654,000 through the issuance of 5,450,000 flow-through common shares (the “FT Shares”) comprised within units (each a “FT Unit”) at a price of $0.12 per FT Unit (the “FT Offering”). The FT Units are subject to a hold period of four months and one day from the date of issuance. Each FT Unit consists of one FT Share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable for one additional common share (a “Warrant Share”) at a price of $0.20 per Warrant Share for a period of two (2) years from the date of issuance. The FT Shares qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”), and as defined in section 359.1 of the Quebec Tax Act with respect to proposed purchasers in Quebec. The Company intends to use the proceeds raised from the sale of the FT Shares (comprised within the FT Units) towards “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) related to the Company’s mineral properties. One director of the Company participated in the FT Offering, acquiring an aggregate of 500,000 FT Units. The insider’s participation constitutes a related-party transaction, as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The issuance of the FT Units to the director is exempt from the valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101. The FT Offering remains subject to the Company’s final filing requirements with the TSX Venture Exchange (TSXV), and TSXV final approval.  The securities issued pursuant to the FT Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration req...

View stock analysis, news, and events for Melkior Resources Inc.