IDEX Metals Engages Canaccord Genuity and Red Cloud to Lead Subscription Receipt Financing

Core Viewpoint - Goodbridge Capital Corp. is proceeding with a private placement offering of up to 10 million subscription receipts at a price of $0.50 each, aiming for gross proceeds of up to$5 million, in connection with a proposed reverse take-over transaction with IDEX Metals Corp. [1][2] Group 1: Offering Details - The offering is part of a reverse take-over transaction where Goodbridge will acquire 100% of IDEX's Class A common shares through an amalgamation agreement [2] - Each subscription receipt will convert into an IDEX unit, which includes one IDEX share and half of an IDEX share purchase warrant, upon satisfaction of escrow release conditions [3] - The offering may also include an over-allotment option allowing the Co-Lead Agents to sell up to an additional 15% in subscription units [4] Group 2: Financial Terms - IDEX will pay the Agents a fee of up to 7.0% of the gross proceeds from the sale of subscription receipts, along with broker warrants equal to up to 7.0% of the total subscription receipts issued [5] - The net proceeds from the offering are intended for work programs related to IDEX's Freeze Project and Amie Project, as well as for working capital [7] Group 3: Regulatory and Closing Information - The offering is expected to close on or about March 4, 2025, subject to necessary regulatory and corporate approvals [8] - Proceeds from the offering will be held in escrow until all conditions are met, with a return of funds to subscription receipt holders if conditions are not satisfied within 60 days post-closing [9] Group 4: Company Background - IDEX Metals Corp. focuses on exploring high-value mineral assets in Idaho, with 15 exploration properties targeting base and precious metals [11] - Goodbridge Capital Corp. is designated as a Capital Pool Company and aims to identify and evaluate businesses for a qualifying transaction [12]