Canter Resources Announces Closing of Non-Brokered Private Placement

Core Points - Canter Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $1,050,000 through the issuance of 5,250,000 units at a price of $0.20 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant exercisable at a price of $0.26 for two years [2] - The company plans to use the net proceeds to advance its Columbus Lithium-Boron Project and Railroad Valley Lithium-Boron Project, evaluate additional projects, and for general working capital [3] Company Overview - Canter Resources Corp. is a junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project in Nevada, USA [5] - The company is employing a phased drilling approach at Columbus to test brine targets for lithium-boron enrichment and aims to build a portfolio of high-quality projects to support technology and clean energy supply chains in North America [5] Insider Participation - Insiders of the company purchased 225,000 units in the private placement, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]