iMetal Resources Announces Closing of Private Placement

Group 1: Private Placement Details - iMetal Resources Inc. has closed a non-brokered private placement, issuing 10,720,999 units at a price of $0.105 per unit, resulting in gross proceeds of $1,125,705 [1][2] - Each unit consists of one common share and one transferable share purchase warrant, with warrants allowing the purchase of additional shares at $0.20 until August 29, 2027 [2] - The company will use the net proceeds for further exploration of its properties, potential new acquisitions, and general working capital [3] Group 2: Finder's Fees and Warrants - In connection with the offering, the company paid finders' fees of $46,606 and issued 483,770 non-transferable share purchase warrants to third parties who assisted in the placement [3] - Each finder's warrant is exercisable on the same terms as the regular warrants [3] Group 3: Stock Options - The company granted 1,000,000 incentive stock options to certain directors, officers, and consultants, which vest immediately and are exercisable at a price of $0.22 until September 4, 2030 [4] Group 4: Company Overview - iMetal Resources Inc. is a Canadian junior exploration company focused on resource properties in Ontario and Quebec, with its flagship property being the Gowganda West gold project [5] - The Gowganda West project has a recent discovery hole of 48.5 meters at 0.85 g/t gold, located near the Juby Deposit in the Abitibi Greenstone Gold Belt [5] - Other properties include the 220-hectare Ghost Mountain property and the Carheil project, which has multi-metal potential [5]