Forsys Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$17.0 Million

Core Viewpoint - Forsys Metals Corp. has successfully increased the size of its private placement offering due to strong investor demand, raising gross proceeds from C$10,000,480 to C$17,000,480 [1] Group 1: Offering Details - The underwritten offering will consist of 30,358,000 units priced at C$0.56 per unit, each unit comprising one class A common share and one-half of a class A common share purchase warrant [1][2] - Each whole warrant allows the holder to purchase one class A common share at a price of C$0.80 within 36 months after the closing date [2] - An over-allotment option allows Red Cloud to purchase an additional 5,358,000 units for up to C$3,000,480 in gross proceeds [3] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the Norasa Project in Namibia, along with working capital and general corporate purposes [4] Group 3: Regulatory and Closing Information - The offering is set to close on October 16, 2025, pending necessary approvals, including from the Toronto Stock Exchange [7] - The units will be offered under the Listed Issuer Financing Exemption, allowing for immediate trading of the unit shares and warrant shares in Canada [5]