GreenLight Metals Announces Closing of $11.5 Million Bought Deal Financing

Core Viewpoint - GreenLight Metals Inc. has successfully closed a private placement offering, raising gross proceeds of C$11,511,500 through the issuance of 32,890,000 common shares at a price of C$0.35 per share [1][2] Group 1: Offering Details - The offering included 4,290,000 shares from the full exercise of the Underwriters' option [1] - The offering was managed by Stifel Nicolaus Canada Inc. and TD Securities Inc. as joint bookrunners and co-lead underwriters [1] - A cash commission of C$615,653.85 was paid to the Underwriters, along with the issuance of 1,544,622 non-transferable broker warrants, each exercisable into one share at C$0.35 until November 26, 2027 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for development at the Bend Project in Wisconsin, exploration on the Penokean VMS Belt, property payments, project support, and general corporate and working capital purposes [2] Group 3: Regulatory Compliance - The shares were issued under the listed issuer financing exemption, which allows for the sale without a hold period in Canada [4] - Other securities, including broker warrants, are subject to a statutory four-month hold period under Canadian securities laws [4] Group 4: Company Overview - GreenLight Metals is focused on copper-gold and gold projects in Wisconsin, particularly in the Penokean Volcanic Belt, and also has projects in Nevada [6] - The company's portfolio includes the Bend copper-gold deposit and other high-grade gold projects, emphasizing responsible exploration and local engagement [6]