Adyton Resources Closes Oversubscribed C$20 Million Financing Comprised of $14 Million Brokered Private Placement of Units and Concurrent $6 Million Non-brokered Private Placement of Units

Core Viewpoint - Adyton Resources Corporation has successfully completed an oversubscribed financing totaling C$20 million, which includes a brokered private placement of C$14 million and a concurrent non-brokered private placement of C$6 million [1][4]. Financing Details - The brokered private placement involved the sale of 35,000,000 units at a price of $0.40 per unit, generating gross proceeds of C$14 million [1]. - 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 share at $0.60 for 24 months [1]. - The non-brokered private placement raised C$6 million through the sale of 15,000,000 units at the same offering price, aimed at allowing board members and local residents to participate [4]. Agent and Compensation - Clarus Securities Inc. and PowerOne Capital Markets Limited acted as lead agents for the brokered offering, receiving a cash commission of 6.5% of the gross proceeds and 2,275,000 non-transferable compensation options [2][3]. Insider Participation - Company insiders, including Chairman Sinton Spence and Independent Director Michael Gray, subscribed for a total of 1,225,775 units, qualifying as a related-party transaction under Multilateral Instrument 61-101 [5]. Regulatory Compliance - The units issued are subject to a statutory hold period of four months plus one day from the closing date, in accordance with applicable securities legislation [6]. - The securities are not registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [7]. Company Overview - Adyton Resources Corporation focuses on developing gold and copper resources in Papua New Guinea, with a portfolio of mineral exploration projects [9]. - The company has a total mineral resource estimate of 173,000 ounces of indicated gold and 2,000,000 ounces of inferred gold across its projects [10]. - The Feni Island Project has an inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, equating to 1,460,000 ounces of contained gold [11].