iMetal Resources Completes Flow-Through Financing

Core Viewpoint - iMetal Resources Inc. has successfully closed a non-brokered private placement of flow-through units, raising gross proceeds of up to $540,901 to fund exploration activities at its Gowganda West Property in Ontario [1][2]. Group 1: Offering Details - The company issued 4,160,777 flow-through units at a price of $0.13 per unit, each consisting of one common share and one-half of a share purchase warrant [1]. - Each warrant allows the holder to purchase an additional common share at a price of $0.20 until December 17, 2027 [1]. - The company paid $37,898 and issued 291,523 finders' warrants to parties that assisted in the offering, with different exercise prices for the finders' warrants [3]. Group 2: Use of Proceeds - The proceeds from the offering are intended to be used 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 Canadian junior exploration company focused 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 g/t gold, situated near the Juby Deposit [5]. - The company also has other properties, including the Ghost Mountain property and the Carheil project, which have multi-metal potential [5].