Hayasa Announces Non-Brokered LIFE Offering of Units

Core Points - Hayasa Metals Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of $0.17 per unit, aiming for gross proceeds of up to $1,700,000 [1][3] - Each unit consists of one common share and one half of a share purchase warrant, with the whole warrant allowing the purchase of one share at $0.22 for 18 months after the placement [1][3] Financing Details - The placement will be offered under the Listed Issuer Financing Exemption in all Canadian provinces except Quebec, and may also be available in the U.S. under certain exemptions [2] - The net proceeds will fund the 2026 Urasar drilling campaign, advance exploration at the Urasar project in Armenia, evaluate other mineral opportunities, and cover general working capital [3][5] - The placement is scheduled to close on or about September 30, 2025, subject to necessary approvals [6] Participation and Fees - Existing shareholders and insiders are leading the placement, and certain directors and officers will acquire securities, which is considered a related party transaction [3][7] - The company may pay finders' fees of up to 5.0% of the proceeds raised by eligible finders [5] Company Overview - Hayasa Metals Inc. is focused on advancing its copper and gold projects in the Tethyan Mineral belt of Armenia, controlling both the Urasar and Vardenis projects [9][10]