Core Points - Searchlight Resources Inc. has successfully closed a private placement, raising a total of $759,151 by issuing 13,802,741 units at a price of $0.055 per unit [2][3] - Each unit consists of one common share and one full purchase warrant, allowing the holder to purchase one common share at $0.10 for four years [2][3] - The funds raised will be used for exploration expenditures on mineral properties and for general working capital [3][4] Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, recognized as the top location for mining investment in Canada by the Fraser Institute [4] - The company combines skilled project-generation with modern exploration techniques, focusing on battery minerals and gold throughout the province [4]

Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which is recognized as the top location for mining investment in Canada by the Fraser Institute [4] - The company's exploration focus includes battery minerals and gold, concentrating on projects with nearby infrastructure [4] Share Consolidation Announcement - The company intends to consolidate its issued and outstanding common shares at a ratio of five pre-consolidated shares to one post-consolidation share [1] - Currently, there are 146,546,134 common shares issued, and upon completion of the consolidation, the company anticipates there will be 29,309,227 common shares issued and outstanding [2] Purpose of Consolidation - The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest, and improve trading liquidity [2] - The consolidation does not require shareholder approval according to the company's Articles and is subject to acceptance from the TSX-V [3]