Hannan Announces Non-Brokered LIFE Offering of Common Shares

Core Viewpoint - Hannan Metals Limited is conducting a non-brokered private placement financing to raise between C$4,000,000 and C$5,000,000 through the issuance of common shares at a price of $0.75 per share [1][2]. Group 1: Offering Details - The financing will consist of a minimum of 5,333,333 common shares and a maximum of 6,666,667 common shares [1]. - The offering is expected to close around November 18, 2025, pending necessary regulatory approvals from the TSX Venture Exchange [3]. - The offering is being conducted under the Listed Issuer Financing Exemption, allowing the securities to be issued without a hold period under Canadian securities laws [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration expenditures at the Company's projects in Peru, including advancing the drill program at the Belen prospect, as well as for general corporate and administrative costs [2]. Group 3: Insider Participation - Certain insiders of the Company may participate in the offering, which may be considered a related party transaction but will be exempt from formal valuation and minority shareholder approval requirements [5].