Lucky Announces $1,080,000 Non-Brokered Private Placement Of Flow-Through Units & Non-Flow-Through Units And Corporate Update

Core Viewpoint - Lucky Minerals Inc. has announced a non-brokered private placement of flow-through and non-flow-through units, aiming to raise gross proceeds of $1,080,000 to fund exploration activities and general working capital [1][6]. Group 1: Private Placement Details - The private placement will consist of 2,000,000 flow-through units at a price of $0.10 each and 8,800,000 non-flow-through units at the same price, totaling $1,080,000 in gross proceeds [2]. - Each flow-through unit includes one common share and one common share purchase warrant, with the warrant exercisable for an additional common share at an exercise price of $0.15 for five years [3]. - Non-flow-through units will also consist of one common share and one full warrant, with the same exercise price and duration as the flow-through units [4]. Group 2: Use of Proceeds and Conditions - The net proceeds from the private placement will be allocated to the exploration of the Prudhomme property in Northern Quebec and for general working capital [6]. - The private placement is expected to close in one or more tranches, subject to regulatory approvals, including those from the TSX Venture Exchange [6]. Group 3: Regulatory and Compliance Information - The company is currently under a failure-to-file cease trade order (FFCTO) but received a partial revocation order to allow marketing of the private placement [7]. - A significant portion of the funds raised will be held in escrow until conditions related to the lifting of the FFCTO and exchange approval are met, with only 15% of the funds available prior to full revocation [9]. - All securities issued will be subject to a four-month hold period from the date of issuance in accordance with applicable securities legislation [8]. Group 4: Prudhomme Property Agreement - The company has amended agreements regarding the Prudhomme property, extending the Outside Date to October 31, 2025, and confirming the transfer of mineral claims to Patricia Lafontaine [10].