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Silicon Metals Corp. Announces Flow-Through Private Placement of up to $195,000
TMX Newsfile· 2025-12-20 01:10
Core Viewpoint - Silicon Metals Corp. intends to complete a flow-through private placement of common shares for gross proceeds of up to $195,000 to fund exploration projects in British Columbia and Ontario [1][2]. Group 1: Flow-Through Offering Details - The company plans to issue up to 3,000,000 flow-through common shares at a price of $0.065 per share [2]. - Proceeds from the offering will be used for eligible exploration expenditures on its projects located in British Columbia and Ontario [2]. - Finders' fees may be applicable in accordance with CSE policies [2]. Group 2: Securities and Regulations - All securities issued will be subject to a statutory hold period of four months and one day post-issuance [3]. - The securities will not be registered under the United States Securities Act of 1933, and cannot be offered or sold in the U.S. without registration or an exemption [4]. Group 3: Company Overview - Silicon Metals Corp. focuses on exploration and development in Canada, particularly in British Columbia and Ontario [5]. - The company holds a 100% interest in several projects, including the Maple Birch Project, Crystal Hills Project, Ptarmigan Silica Project, Silica Ridge Silica Project, and Longworth Silica Project [5].
Silicon Metals Corp. Announces Strategic Non-Flow-Through and Flow-Through Private Placements of up to $200,000
Newsfile· 2025-10-10 01:00
Core Viewpoint - Silicon Metals Corp. is planning to conduct two private placements, aiming to raise up to $200,000 in total, with $100,000 from a non-flow-through offering and $100,000 from a flow-through offering [1][2]. Offering Details - The Non-Flow-Through Offering will consist of up to 2,000,000 units priced at $0.05 each, including one common share and one half of a non-flow-through common share purchase warrant, with an exercise price of $0.06 for 24 months [3]. - The Flow-Through Offering will consist of approximately 1,428,571 units priced at $0.07 each, including one flow-through common share and one half of a non-flow-through common share purchase warrant, with an exercise price of $0.10 for 24 months [4]. Use of Proceeds - Proceeds from the Non-Flow-Through Offering will be used for general working capital, while proceeds from the Flow-Through Offering will be allocated to eligible exploration expenditures in British Columbia and Ontario [5]. Company Overview - Silicon Metals Corp. focuses on exploration and development in Canada, particularly in British Columbia and Ontario, with projects including the Maple Birch Project and the Ptarmigan Silica Project [9].