Business
Private Placement
(via TheNewswire) May 19, 2026 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF)
About this update from Peloton Minerals Corp.
[{"type":"text","content":"(via TheNewswire) May 19, 2026 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF) intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of up to $4,500,000 in a series of tranches over the next two months. The first tranche is expected to be about $1,000,000. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The proceeds of the Private Placement will be used for exploration in northern Nevada and working capital. The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (with the exception of Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. The Company has set May 19, 2026, as the record date for the purpose of determining existing shareholders entitled to purchase Shares pursuant to the Existing Shareholder Exemption. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities. For further information please contact: Edward (Ted) Ellwood, MBA President & CEO 1-519-964-2836 Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British Columbia and Ontario whose common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB (Symbol: PMCCF). There are 152,567,062 common shares issued and outstanding in the capital of the Company. Peloton’s exploration portfolio includes the North Elko Lithium Project in Elko County, Nevada, a gold exploration project on the Carlin Trend, Nevada, and a non-controlling interest in a copper porphyry project near Butte, Montana. CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this ...