Core Points - MetalQuest Mining Inc. announced a non-brokered private placement financing of up to 8,333,333 flow-through units and up to 6,000,000 non-flow-through units, aiming to raise gross proceeds of up to $1,500,000 and $1,020,000 respectively [1][4] Group 1: Financing Details - The flow-through units (FT Units) will be priced at $0.18 each and consist of one common share and one-half of a share purchase warrant, with a total potential raise of $1,500,000 [1][2] - The non-flow-through units (NFT Units) will be priced at $0.17 each, consisting of one common share and one-half of a share purchase warrant, with a total potential raise of $1,020,000 [1][3] - Each whole warrant for both FT and NFT Units allows the holder to purchase an additional common share at an exercise price of $0.40 for two years from closing, subject to TSX Venture Exchange approval [2][3] Group 2: Use of Proceeds - Proceeds from the FT Unit private placement will be allocated to the Superior Iron Project and other flow-through eligible properties in Quebec and Canada [4] - Proceeds from the NFT Unit private placement will be used for working capital and exploration [4] Group 3: Insider Participation - Insiders and existing control persons of the Company will participate in the private placement, which constitutes a related party transaction under Multilateral Instrument 61-101 [5] - The Company intends to rely on exemptions from formal valuation and minority shareholder approval requirements, as the insider participation is not expected to exceed 25% of the Company's market capitalization [5]