First Nordic Metals Announces C$10 Million “Best Efforts” LIFE Offering of Units

Core Viewpoint - First Nordic Metals Corp. has announced a private placement offering to raise up to C$10 million through the sale of units, with a minimum offering amount of C$5 million [1][5]. Group 1: Offering Details - The offering consists of up to 27,027,027 units priced at C$0.37 each, with each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.55 for 24 months from the closing date, with the possibility of acceleration if the share price exceeds C$0.75 for 20 consecutive trading days [2]. - The agents have an option to sell an additional 15% of the offering, potentially raising an extra C$1.5 million [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities in Sweden and Finland, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory and Compliance Information - The offering will be conducted under the 'listed issuer financing exemption' and will not be subject to a hold period under Canadian securities laws [4]. - The expected closing date for the offering is around July 31, 2025, pending necessary regulatory approvals [5]. Group 4: Compensation to Agents - The company will pay the agents a cash commission of 6% on gross proceeds, with potential reductions for certain purchases, and will issue non-transferable compensation options equivalent to 6% of the units sold [6].