Core Viewpoint - High Tide Resources Corp. has successfully closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising gross proceeds of up to $375,000 [1][2]. Group 1: Offering Details - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2]. - The offering is subject to final acceptance by the Canadian Securities Exchange (CSE) and the common shares will be under a hold period of four months and one day from the closing date [2]. Group 2: Insider Participation - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which constitutes a related party transaction as defined under Multilateral Instrument 61-101 [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as insider participation does not exceed 25% of the fair market value of the company's market capitalization [3]. Group 3: Company Overview - High Tide Resources is focused on developing mineral projects critical to infrastructure, owning a 100% interest in the Labrador West Iron Project, which has an inferred iron resource of 654.9 million tonnes at 28.84% Fe [5][6]. - The Labrador West Iron Project is located adjacent to IOCC's Carol Lake Mine in Labrador City, NL, and the technical report was filed on SEDAR on April 6, 2023 [5]. - The company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometers southeast of Fermont, Quebec [6].