Minnova Corp. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million

Core Points - Minnova Corp. has announced a brokered private placement offering for gross proceeds of up to C$5 million, with Red Cloud Securities Inc. acting as the sole agent and bookrunner [1][11] - The offering includes Units, FT Units, and Charity FT Units, with specific pricing and terms for each type [2][8] - The net proceeds from the offering will be used for exploration and advancement of the PL Gold Mine Project in Manitoba, as well as for working capital and general corporate purposes [4][13] Offering Details - Each Unit consists of one common share and one common share purchase warrant, while FT Units and Charity FT Units will include flow-through shares and warrants [2][8] - The offering price is set at C$0.20 per Unit, C$0.23 per FT Unit, and C$0.32 per Charity FT Unit, with a minimum sale requirement of 10 million Units for gross proceeds of at least C$2 million [8][9] - An option has been granted to Red Cloud to sell up to an additional C$1 million in any combination of Units, FT Units, and Charity FT Units prior to the closing [3] Use of Proceeds - Gross proceeds from the sale of FT Shares will be allocated to eligible Canadian exploration expenses related to the PL Gold Mine Project, with all qualifying expenditures renounced in favor of subscribers effective December 31, 2025 [5] - The offering is expected to close on November 25, 2025, subject to regulatory approvals [11] Regulatory Compliance - The offering will be conducted in compliance with National Instrument 45-106 and will be available to purchasers in specific Canadian provinces, with potential sales in offshore jurisdictions and the U.S. under certain exemptions [6][12]