Minnova Corp. Announces Filing of Amended and Restated LIFE Offering Document

Core Viewpoint - Minnova Corp. has filed an amended and restated offering document for a private placement aiming to raise up to C$5 million to support its PL Gold Mine Project and general corporate purposes [1][4]. Group 1: Offering Details - The Marketed Offering will consist of units priced at C$0.20, flow-through units at C$0.23, and charity flow-through units at C$0.32, with a total offering size of up to C$5 million [2][7]. - Each unit includes one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.30 within 36 months after the closing date [2][3]. - An option has been granted to Red Cloud Securities to sell an additional C$1 million in units prior to the closing of the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the exploration and advancement of the PL Gold Mine Project, as well as for working capital and general corporate purposes [4]. - Proceeds from the sale of flow-through shares will be used for 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]. Group 3: Regulatory and Compliance - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is scheduled to close on December 3, 2025 [10]. - The securities will be offered in compliance with National Instrument 45-106 and will be freely tradeable in Canada, with restrictions on sales in the United States [8][9]. Group 4: Company Overview - Minnova Corp. is focused on restarting its PL Gold Mine, which has a positive feasibility study indicating an average annual production rate of 46,493 ounces over a minimum five-year mine life [12]. - The project benefits from a short pre-production timeline of 15 months and is located in the Flin Flon Greenstone Belt of Central Manitoba, with existing mining infrastructure nearby [12].