Forge Resources Announces $10 Million Private Placement

Core Viewpoint - Forge Resources Corp. has announced a private placement offering of up to 10,000,000 LIFE units and up to 8,333,400 flow-through units, aiming for gross proceeds of up to $10,000,040 to fund exploration and development projects [1][10]. Group 1: Offering Details - Each LIFE Unit is priced at $0.50 and consists of one common share and one-half of a common share purchase warrant, with the warrant exercisable at $0.75 for 36 months [2]. - Each FT Unit is priced at $0.60 and includes one common share on a flow-through basis and one-half of a common share purchase warrant, also exercisable at $0.75 for 36 months [3][4]. - The total gross proceeds from the sale of FT Units will be allocated to exploration expenses qualifying as Canadian exploration expenses and flow-through mining expenditures, to be incurred by December 31, 2027 [5]. Group 2: Regulatory and Compliance - The offering is available to purchasers in all Canadian provinces except Quebec, under the LIFE Exemption and other exemptions as per National Instrument 45-106 [3][4]. - The Agent has the option to sell an additional 15% of the LIFE and/or FT Units at the offering price, exercisable up to 48 hours before the closing date [7]. Group 3: Use of Proceeds - Proceeds from the FT Units will be used for the exploration and development of the Alotta Property, while proceeds from the LIFE Units will support the La Estrella project and general working capital [10]. Group 4: Closing and Fees - The offering is expected to close on or about March 3, 2026, subject to necessary approvals [11]. - The Agent will receive a cash commission of 7.0% of the total proceeds and compensation warrants equal to 7.0% of the units issued, exercisable at $0.50 per LIFE Unit [8].