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Integral Metals Announces Closing of Private Placement Offerings
Globenewswireยท 2025-11-08 00:21
Core Points - Integral Metals Corp. has successfully closed two private placement offerings, raising a total of $4,026,749.45 [1][3] - The Unit Offering raised $2,528,000 at a price of $0.80 per Unit, while the FT Unit Offering raised $1,498,749.45 at a price of $0.95 per FT Unit [1][2] - The proceeds from the offerings will be used for exploration activities, working capital, and general corporate purposes, including investor relations [3] Offering Details - Each Unit consists of one common share and one share purchase warrant, allowing the holder to acquire one share at $0.95 for 24 months [2] - Each FT Unit includes one flow-through common share and one non-flow-through warrant, with the warrant allowing acquisition of one share at $1.00 for 24 months [2] - Finder's fees for the Unit Offering included $31,680 in cash and 39,600 broker warrants [4] Company Overview - Integral Metals Corp. is focused on mineral exploration for critical minerals such as gallium, germanium, and rare earth elements [6] - The company holds properties in Canada and the USA, including the Northwest Territories, Manitoba, and Montana, with regulatory support for exploration [6]