Galway Metals Announces Closing of Oversubscribed Private Placement

Core Viewpoint - Galway Metals Inc. has successfully closed a non-brokered private placement, raising a total of $4,175,550, exceeding its initial target of $4,000,000 [1][4] Group 1: Private Placement Details - The private placement consists of 7,350,000 flow-through shares priced at $0.36 each and 4,635,000 units priced at $0.33 each [1] - Each unit includes one common share and one common share purchase warrant, allowing the holder to acquire a non-flow-through common share at an exercise price of $0.50 for three years [2] - The gross proceeds will be allocated for Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act [3] Group 2: Financial and Regulatory Aspects - Finders Eskar Capital Corporation, Devon Capital Inc., and Generic Capital Corporation will receive a total of $116,640 in cash commissions for their role in the placement [4] - All securities issued are subject to a hold period of four months and one day, expiring on October 1, 2025, and the placement is pending final approval from the TSX Venture Exchange [4] Group 3: Company Overview - Galway Metals is focused on creating significant per share value through exploration and sustainable development of its two 100%-owned projects in Canada [5] - The flagship project, Clarence Stream, is a major gold district in Atlantic Canada, while Estrades is a former high-grade polymetallic mine in Quebec [5] - The company aims to replicate its previous success following the US$340 million sale of Galway Resources [5]