Shine Minerals Upsizes Financing to $1.5 Million

Core Viewpoint - Shine Minerals Corp. is increasing its non-brokered private placement to $1.5 million due to significant investor demand, which is part of its strategy to reactivate from the NEX board to a Tier 2 Mining Issuer [1][2]. Proposed Transaction Structure - The Company has acquired the right to purchase all 11,100,000 issued and outstanding shares of Red Cloud Silver (RCS) by issuing 6,500,000 post-Consolidation common shares to RCS shareholders on a pro rata basis [3]. - After completing $2,000,000 in exploration expenditures on the Silver District Exploration Project, the Company may exercise its option to acquire 100% of RCS shares by issuing an additional 14,200,000 post-Consolidation shares and paying $650,000 in cash to RCS shareholders [4]. RCS Option Agreement - RCS holds an option to acquire a 100% interest in the Silver District Exploration Project from Gulf + Western Industries, Inc. by making staged cash and share payments totaling US$1.4 million by October 31, 2028 [5]. - Gulf will retain a 2% net smelter return royalty if the RCS Option is exercised, and RCS is responsible for maintaining the property and making all required payments [5]. Share Consolidation and Financing - Prior to closing the Proposed Transaction, the Company will complete a 5-for-1 share consolidation and a non-brokered private placement for gross proceeds of approximately C$1,500,000 at C$0.06 per pre-Consolidation share [6]. - Proceeds from the financing will be used for transaction costs, reactivation expenses, initial exploration on the Project, and general working capital [6]. Regulatory Approval - The completion of the Proposed Transaction is subject to TSXV acceptance and satisfaction of all conditions in the Definitive Agreement [7]. - The Company has applied to the TSXV for reactivation of trading of its shares, which will not resume until all required filings are completed and approval is obtained [8].