Gelum Closes Non-Brokered Private Placement Grants Stock Options

Core Viewpoint - Gelum Resources Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of $1,501,051.76 by issuing 6,526,312 units [1] Group 1: Private Placement Details - Each unit consists of one common share and one-half of a common share purchase warrant, allowing the purchase of an additional common share at $0.38 for 24 months [2] - The warrants may be accelerated if the closing price of the shares reaches or exceeds $0.76 for twenty consecutive trading days [2] - Insider participation included new director Chad Williams, who acquired 434,790 units, qualifying as a related party transaction under MI 61-101 [3] Group 2: Financial Arrangements - Finder's fees were paid to Canaccord Genuity Corp. ($14,007 and 60,900 finder's warrants), Haywood Securities Inc. ($8,050 and 35,000 finder's warrants), and Ventum Financial Corp. ($4,830 and 21,000 finder's warrants) [4] - All securities issued have a four-month and one-day hold period in Canada from the closing date [4] Group 3: Stock Options and Management Changes - The Company granted incentive stock options to directors, officers, and consultants for up to 2,000,000 common shares, exercisable before March 11, 2028, at a price of $0.30 per share [6] - Mr. Robert C. Kopple has resigned from the board of directors effective March 6, 2026 [7] Group 4: Company Overview - Gelum Resources is managed by experienced professionals in the mining and financial sectors [8]