Military Metals Announces Closing of Fully Subscribed LIFE Offering

Core Viewpoint - Military Metals Corp. has successfully closed a non-brokered private placement, raising approximately $2.99 million through the issuance of 8,332,888 units at a price of $0.36 per unit, indicating strong market interest in its exploration strategy in Slovakia [1][3]. Group 1: Offering Details - The private placement consisted of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.55 for twelve months [2]. - A lead order of $1.5 million was received from a European investor, highlighting significant interest in the company's projects [3]. - The company paid a cash finder's fee of $49,321 and issued 137,003 finder's warrants, also exercisable at $0.55 for twelve months [4]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated towards technical work, including a Preliminary Economic Assessment for the Trojarová antimony-gold project and infill drilling [6]. Group 3: Regulatory Compliance - The units were issued under the Listed Issuer Financing Exemption, allowing sales to purchasers in all Canadian provinces except Quebec, and are not subject to a hold period under Canadian securities laws [5].