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IDEX Metals Announces Closing of Non-Brokered Private Placement of Units
Thenewswireยท 2025-10-24 20:05
Core Viewpoint - IDEX Metals Corp. has successfully closed a non-brokered private placement offering, raising approximately $5.32 million through the issuance of 8,867,099 units at a price of $0.60 per unit, which reflects strong investor demand and confidence in the company's exploration efforts in Idaho [1][2]. Group 1: Offering Details - The offering consisted of 8,867,099 units priced at $0.60 each, generating gross proceeds of about $5,320,259 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.90 for 24 months [2]. - Finder's fees of $204,418.20 were paid, and 511,030 finder's warrants were issued under similar terms as the offering warrants [3]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated for exploration of mineral properties in Idaho and for general working capital [4]. Group 3: Company Overview - IDEX Metals Corp. is focused on advancing a portfolio of base and precious metal projects in Idaho, particularly the Freeze Copper-Gold porphyry prospect in the Idaho Copper District [7]. - The company aims to redefine district-scale exploration in Idaho, supported by a strategic land position and proximity to major industry players [7].