Halcones Precious Metals Closes Non-Brokered Offering

Group 1 - Halcones Precious Metals Corp. has successfully closed a non-brokered private placement, issuing 10,204,153 units at a price of $0.07 per unit, resulting in total gross proceeds of $714,290.71 [2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.10 for 36 months [2] - The net proceeds from the offering will be utilized for exploration work on the Polaris Project and for general corporate working capital [3] Group 2 - Insiders participated in the offering, receiving a total of 2,571,428 units, which qualifies as a related party transaction under Multilateral Instrument 61-101 [4] - The offering is exempt from formal valuation and minority shareholder approval requirements as the value of securities issued to insiders does not exceed 25% of the company's market capitalization [4] - The company paid cash finder's fees of $9,099.30 and issued 129,990 finder's warrants, each allowing the acquisition of one common share at a price of $0.07 for 36 months [5] Group 3 - Halcones Precious Metals Corp. is focused on exploring and developing gold-silver projects in Chile, supported by a team with a strong background in exploration success in the region [7]