Power Metallic Mines Files Amended LIFE Offering Document to include Quebec as an Offering Jurisdiction for previously announced Brokered LIFE Offering for Gross Proceeds of up to C$30 Million

About this update from Power Metallic Mines Inc.

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, June 5, 2026 /CNW/ - Power Metallic Mines Inc. ("Power Metallic" or the Company") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to announce that further to its news releases of May 28 and May 29, 2026 regarding the "best efforts" brokered private placement of the Company of up to C$30,000,000 (the "Marketed Offering") led by Red Cloud Securities Inc. ("Red Cloud"), acting as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the "Agents"), the Company has filed an amended and restated offering document dated June 4, 2026, related to the Marketed Offering which adds Quebec as an offering jurisdiction. The amended offering document can be accessed under the Company's profile at SEDAR+ and on the Company's website. Prospective investors should read the amended offering document before making an investment decision. The terms of the Marketed Offering remain the same and the Company has agreed to sell up to 24,000,000 common shares of the Company (the "Offered Shares") at a price of C$1.25 per Offered Share. The Company also granted the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 2,400,000 Offered Shares at C$1.25 per Offered Share for up to an additional $3 million in gross proceeds (together with the Marketed Offering, the "Offering"). The Offering is scheduled to close on or around June 10, 2026. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Power Metallic Mines Inc. Power Metallic is a Canadian explor...

View stock analysis, news, and events for Power Metallic Mines Inc.