Red Metal Resources Announces Upsized Financing

Core Viewpoint - Red Metal Resources Ltd. has increased its non-brokered private placement from C$750,000 to up to C$1,000,000 due to strong investor interest, intending to issue up to 16,666,667 units at a price of C$0.06 per unit for total gross proceeds of up to C$1,000,000 [1][3]. Group 1: Offering Details - Each unit will consist of one common share and one common share purchase warrant, with warrants exercisable at different prices over specified periods: C$0.09 for the first 12 months, C$0.12 for 12 to 24 months, and C$0.15 for 24 to 36 months [2][7]. - The company may pay finders' fees in connection with the offering, subject to regulatory and exchange approval [2]. Group 2: Use of Proceeds - The proceeds from the offering will be used to fund general working capital requirements and advance exploration on Carrizal, the company's flagship copper project in Chile [3][4]. Group 3: Company Background - Red Metal Resources is focused on mineral exploration, particularly in clean energy and strategic minerals, with a portfolio that includes the 100% owned Ville Marie claims in Quebec and projects in Chile's Candelaria IOCG belt [5].