Neotech Metals Announces Private Placement Offering

Core Viewpoint - Neotech Metals Corp. is planning a non-brokered private placement financing to raise approximately $1.1 million through the issuance of non-flow through units and flow-through units [1][5]. Group 1: Financing Details - The company intends to issue up to 588,235 non-flow through units at a price of $0.17 per unit, aiming for gross proceeds of approximately $100,000 [1]. - Additionally, the company plans to issue up to 4,000,000 flow-through units at a price of $0.25 per unit, targeting gross proceeds of up to $1,000,000 [1]. - Each non-flow through unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.35 for two years [2]. - Each flow-through unit will consist of one common share and one flow-through warrant, with similar terms for the warrant as the non-flow through units [3]. Group 2: Use of Proceeds - The net proceeds from the sale of flow-through units will be allocated for qualified expenditures related to the company's mineral properties [5]. - The net proceeds from the sale of non-flow through units will be used for general working capital purposes [5]. Group 3: Company Overview - Neotech Metals Corp. is focused on mineral exploration, particularly in rare-earth elements and rare metals, with projects located in promising jurisdictions [7][8]. - The company has a diversified portfolio, including the Hecla-Kilmer project and others in British Columbia, all of which are 100% owned [8].