Brasnova Energy Materials Inc. Files for Approval of $750,000 Private Placement Financing

Group 1 - Brasnova Energy Materials Inc. has filed for Conditional Approval of a non-brokered private placement financing for gross proceeds of up to $750,000 [1][3] - The company plans to issue up to 7.5 million units at a price of 10 cents per unit, each consisting of one common share and one common share purchase warrant [2] - The first tranche of the financing, amounting to $250,000, will involve the issuance of 2.5 million units, subject to Exchange approval [3] Group 2 - The warrants will be exercisable for an additional common share at an exercise price of 20 cents for 24 months, with an acceleration clause if shares trade at or above 50 cents for 10 consecutive trading days [2] - Proceeds from the financing will be allocated for project payments, acquisitions, exploration, development, and working capital expenditures [3] - All securities issued will be subject to a statutory hold of 4 months and one day from the date of issue [4] Group 3 - Brasnova Energy Materials is focused on securing, developing, and monetizing Brazilian critical materials assets and related technologies to enhance shareholder value [5]