Goldstorm Metals Announces Upsizing of Previously Announced Private Placement Financing to $1.8 Million, with Participation by Eric Sprott

Core Viewpoint - Goldstorm Metals Corp. is increasing its previously announced private placement financing to $1.8 million due to strong investor demand [1] Financing Details - The Offering will consist of non-flow-through units (NFT Units) priced at $0.07 each and flow-through units (Charity FT Units) priced at $0.1008 each [1][2] - Each NFT Unit includes one common share and half a warrant, while each Charity FT Unit includes one common share and half a warrant [2] - Warrants allow holders to purchase one common share at an exercise price of $0.10 for 24 months, with an acceleration clause if the share price exceeds $0.20 for ten consecutive trading days [2] Use of Proceeds - Net proceeds from NFT Units will be allocated for working capital and general corporate purposes [3] - Gross proceeds from Charity FT Units will be used for Canadian exploration expenses, which will qualify as flow-through mining expenditures [4] Regulatory and Compliance - The Offering is subject to regulatory approval, including that of the TSX Venture Exchange [5] - Securities issued will be subject to a statutory four-month hold period [5] Company Overview - Goldstorm Metals Corp. is focused on precious and base metals exploration, with significant land holdings in British Columbia's Golden Triangle, known for high-grade gold deposits [6][8]