Galway Metals Announces Closing of Private Placement

Core Viewpoint - Galway Metals Inc. has successfully closed a non-brokered private placement, raising approximately $461,899.80 through the issuance of 855,370 units at a price of $0.54 per unit [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one half of a transferable common share purchase warrant, with warrants allowing the purchase of one common share at an exercise price of $0.80 for three years [2]. - A finder received a cash fee of $13,859.10 and 25,665 common share purchase warrants, with each warrant allowing the purchase of one common share at $0.54 for three years [3]. - All securities issued are subject to a hold period of four months and one day, expiring on April 12, 2026, and the placement is pending final approval from the TSX Venture Exchange [3]. Group 2: Company Overview - Galway Metals is focused on creating significant per share value through exploration and sustainable development of its two 100%-owned projects in Canada [4]. - The flagship project, Clarence Stream, is a major gold district in Atlantic Canada with a high-grade gold resource, while Estrades is a former high-grade gold and zinc-rich polymetallic mine in Quebec [4]. - The company aims to replicate its previous success following a $340 million sale of Galway Resources by leveraging its promising projects in Canada [4].