Melkior Announces Proposed Non-Brokered Private Placement

Core Viewpoint - Melkior Resources Inc. plans to raise up to $650,000 through a non-brokered private placement to fund exploration activities, including a 4,000-metre drill program at the Beschefer East Project [1]. Group 1: Private Placement Details - The private placement will involve the issuance of up to 5,416,666 flow-through common shares at a price of $0.12 per share [1]. - Each flow-through unit will consist of one flow-through share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at a price of $0.20 for two years [2]. - The proceeds from the sale of flow-through shares will be allocated to Canadian exploration expenses related to the company's mineral properties [3]. Group 2: Regulatory and Compliance Information - The company may pay a finder's fee to eligible arm's length finders in accordance with TSX Venture Exchange policies, and all securities issued will be subject to a four-month statutory hold period [4]. - Participation from certain directors and officers in the private placement is considered a related-party transaction, exempt from certain valuation and minority shareholder approval requirements [5]. - The securities issued will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without proper registration or exemption [6].