Forsys Announces C$10.0 Million Bought Deal Private Placement

Core Viewpoint - Forsys Metals Corp. has announced a bought deal offering to raise gross proceeds of C$10,000,480 by selling 17,858,000 units at a price of C$0.56 per unit, with the intention to fund its Norasa Project in Namibia and for general corporate purposes [1][4]. Group 1: Offering Details - Each unit consists of one class A common share and one-half of a class A common share purchase warrant, with the whole warrant allowing the purchase of one class A common share at C$0.80 within 36 months after the closing date [2]. - An over-allotment option allows Red Cloud to purchase an additional 3,572,000 units for up to C$2,000,320 in gross proceeds [3]. - The offering is scheduled to close on October 16, 2025, subject to necessary approvals, including from the Toronto Stock Exchange [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to advance the Norasa Project in Namibia and for working capital and general corporate purposes [4]. Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the Listed Issuer Financing Exemption, and the securities are expected to be freely tradable in Canada [5]. - The offering document related to the offering can be accessed on the company's profile and website [6].