T2 Metals Increases Private Placement to $1.468 Million

Core Viewpoint - T2 Metals Corp. has increased the non-flow-through portion of its private placement financing due to strong demand, aiming to raise up to $1,368,770 through the issuance of hard dollar units at $0.30 each [1]. Financing Details - The company plans to issue up to 4,562,567 hard dollar units (HD Units) at a price of $0.30 per unit, resulting in gross proceeds of up to $1,368,770 [1]. - The flow-through portion remains unchanged at 250,000 flow-through units (FT Units) priced at $0.40 each, expected to raise up to $100,000 [1]. Unit Composition - Each HD Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.45 for two years from closing [2]. - Each FT Unit also consists of one common share and one-half of a common share purchase warrant, with similar terms for the warrants [2]. Use of Proceeds - Proceeds from the financing will be allocated to fund exploration at the Sherridon copper-gold project in Manitoba, the Shanghai gold-silver project in the Yukon's Tombstone Gold Belt, and for working capital [3]. - The gross proceeds from FT Units will specifically be used for eligible Canadian exploration expenses related to the Sherridon Project [4]. Insider Participation and Fees - There will be insider participation in the financing, and finders' fees may be paid on a portion of the financing [4]. Regulatory Compliance - All securities issued in the financing are subject to a four-month hold period and require regulatory approvals, including acceptance from the TSX Venture Exchange [5]. Company Overview - T2 Metals Corp. is focused on enhancing shareholder value through exploration and discovery in under-explored areas, including the Sherridon, Lida, Cora, and Copper Eagle projects [7].