Hannan Announces Upsize of Non-Brokered LIFE Offering of Common Shares

Core Viewpoint - Hannan Metals Limited has increased its non-brokered private placement offering to up to 14,000,000 common shares at a price of $0.75 per share, aiming for gross proceeds of C$10,500,000 due to strong investor demand [1][2]. Group 1: Offering Details - The offering is subject to a minimum of C$4,000,000 and is expected to close in tranches by November 28, 2025, pending necessary regulatory approvals [1][3]. - The company may pay finder's fees in cash to certain arm's length finders involved in the offering, subject to TSXV approval [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for 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 administration costs and working capital [2]. Group 3: Regulatory Compliance - The offering is conducted under the Listed Issuer Financing Exemption and the securities issued will not be subject to a hold period under applicable Canadian securities laws [4].