New Break Announces $506,000 Non-Brokered Private Placement Offering of Flow-Through Shares

Core Viewpoint - New Break Resources Ltd. is planning a non-brokered private placement offering of up to 1,405,000 flow-through common shares at a price of $0.36 per share, aiming for gross proceeds of up to $505,800 to fund exploration activities [1][2]. Group 1: Offering Details - The offering consists of flow-through shares that will qualify for Canadian Exploration Expenses (CEE) and flow-through mining expenditures as defined by the Income Tax Act (Canada) [2]. - Proceeds from the offering will be allocated to the first phase of a planned 10,000+ metre drilling program at the Moray gold project, located approximately 49 km south of Timmins, Ontario [2]. - The closing of the offering is expected on December 30, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [4]. Group 2: Financial Aspects - The gross proceeds from the offering are projected to be up to $505,800, which will be utilized for exploration expenses related to the Moray gold project [1][2]. - Finder's fees may be payable to qualified individuals, potentially amounting to up to 6% of the gross proceeds from the offering [3]. Group 3: Company Overview - New Break Resources Ltd. is a Canadian mineral exploration company focused on the Moray gold project and holds a 20% carried interest in the Sundog gold project in Nunavut [6]. - The Moray gold project is strategically located near existing infrastructure and is in proximity to the Young-Davidson gold mine operated by Alamos Gold Inc. [6].