Mink Ventures Closes Non Brokered Private Placement

Core Viewpoint - Mink Ventures Corporation has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $857,518 from both tranches, which will be used for exploration and working capital purposes [1][5]. Group 1: Offering Details - The second tranche raised gross proceeds of $126,000 from 960,000 hard dollar units at $0.10 each and $30,000 from 235,770 Flow Through Units at $0.13 each [1]. - Each hard dollar unit consists of one common share and one common share purchase warrant, allowing the holder to acquire one common share at an exercise price of $0.20 for 36 months [2]. - Each Flow Through Unit consists of one common share and one common share purchase warrant, with the same terms as the hard dollar units [3]. Group 2: Financial and Regulatory Aspects - The final tranche's securities are subject to a four-month hold period expiring on March 1, 2026, and the company paid $7,680 in finder's fees, issuing 76,800 finder's warrants [4]. - The offering and payment of finder's fees are pending final approval from the TSX Venture Exchange [4]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration and advancement of the Montcalm nickel copper cobalt project and the Warren copper nickel project, as well as for general working capital [5]. Group 4: Company Overview - Mink Ventures Corporation is a Canadian mineral exploration company focused on critical minerals such as nickel, copper, and cobalt, with projects located in the Timmins, Ontario area [6]. - The Montcalm Project covers 100 km adjacent to Glencore's former Montcalm Mine, which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co [6]. - The Warren Ni Cu Co Project spans 1,130 hectares and is located 35 km away from Montcalm, both projects being drill-ready and permitted [6].