iMetal Resources Announces Flow-Through Financing

Core Viewpoint - iMetal Resources Inc. is conducting a non-brokered private placement offering up to 4,000,000 flow-through units at a price of $0.13 per unit, aiming to raise gross proceeds of up to $520,000 for exploration activities on its Gowganda West Property in Ontario [1][2]. Group 1: Offering Details - The offering consists of flow-through units, each comprising one common share and one-half of a share purchase warrant, with the warrant allowing the purchase of an additional common share at $0.20 for 24 months [1]. - The company may pay finders' fees to parties that assist in introducing subscribers to the offering, and all securities will be subject to a four-month-and-one-day resale restriction [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for exploration of the Gowganda West Property, which is located in the Shining Tree Camp of the Abitibi Greenstone Gold Belt in Ontario [2]. Group 3: Company Overview - iMetal Resources Inc. is a junior exploration company based in Canada, focusing on resource properties in Ontario and Quebec, with its flagship project being the Gowganda West gold project [5]. - The Gowganda West project has a recent discovery hole of 48.5 meters at 0.85 grams per tonne gold, situated near the Juby Deposit [5].