Linear Minerals Corp. Announces Private Placement

Core Viewpoint - Linear Minerals Corp. is initiating a non-brokered private placement aiming to raise up to $900,000 through the issuance of common shares and units [1] Group 1: Private Placement Details - The private placement will issue up to 8,000,000 flow-through common shares at a price of $0.05 per share, generating gross proceeds of $400,000 [1] - Additionally, the placement will include 10,000,000 hard-dollar common units at $0.05 per unit, resulting in gross proceeds of $500,000 [1] - Each hard-dollar unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.25 for one year from the issue date [2] Group 2: Financial and Regulatory Aspects - A finder's fee of 6% cash will be paid to eligible finders in accordance with Canadian Securities Exchange policies [3] - The closing of the private placement is contingent upon obtaining necessary approvals from the CSE and other regulatory bodies [3] - All securities issued will be subject to a four-month hold period plus one day under applicable securities laws [3] Group 3: Use of Proceeds - The proceeds from the private placement will be allocated for general working capital and further exploration of properties located in Quebec [4]