Prospector Announces Additional Non-Brokered Private Placements

Core Viewpoint - Prospector Metals Corp. has announced a non-brokered private placement to raise gross proceeds of up to $27,658,351 through the issuance of flow-through and non-flow-through common shares, aimed at financing its exploration program at the ML project in Yukon [1][5]. Group 1: Offering Details - The offering includes 5,500,000 flow-through common shares at a price of $1.00 per share and 22,843,661 non-flow-through common shares at a price of $0.97 per share [1]. - Alpayana S.A.C. has agreed to subscribe for 14,631,283 non-flow-through shares, resulting in approximately 9.9% ownership of the company upon completion of the offering [2]. - B2Gold Corp., the largest shareholder, will exercise 2,133,636 outstanding warrants and subscribe for an additional 7,181,451 non-flow-through shares, increasing its total ownership to 19.9% [3]. Group 2: Use of Proceeds - Proceeds from the flow-through shares will be used for eligible resource exploration expenses, including up to 5,000 meters of diamond drilling at the ML project [4][5]. - Proceeds from the non-flow-through shares will fund additional exploration at the ML project and general working capital [5]. Group 3: Company Background - Prospector Metals Corp. focuses on early-stage exploration of gold and base metal prospects, primarily in Yukon and Ontario, Canada [8]. - The company aims to create shareholder value through new discoveries in underexplored mineral districts [8].