Due to Investor Demand iMetal Increases Size of Private Placement

Due to Investor Demand iMetal Increases Size of Private Placement

iMetal Resources Inc. (TSXV:IMR) (OTC PINK:ADTFF) (FRA:A7V2) ("iMetal" or the "Company") announces that as a result of market interest it has elected to increase the size of its previously announced non-brokered private placement (the "Placement"). The Company will continue to offer up to 16,666,667 units (each, a "Unit") at a price of $0.12 per Unit for gross proceeds of up to $2,000,000. Each "Unit" will consist of one common share of the Company and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.20 for a period of twenty-four (24) months (each, a "Warrant

The Company will also offer up to 6,666,667 flow-through units (each, an "FT Unit") at a price of $0.15 per FT Unit for further gross proceeds of up to $1,000,000. Each "FT Unit" will also consist of one common share (each, an "FT Share") of the Company and one Warrant. The FT Shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Proceeds from the Placement will be used for the development of the Company's Gowganda West Project, as well as development of the Kerrs Gold Deposit in the event the previously announced property option is consummated and for general working capital purposes. Completion of the Placement is not contingent on the acquisition of rights to the Kerrs Gold Deposit, and the Company will proceed with the Placement even if the acquisition is not consummated.

In connection with the Placement, the Company may pay finders' fees to eligible third-parties who have introduced subscribers to the Company. All securities issued in connection with the Placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the Placement remains subject to the approval of the TSX Venture Exchange.

About iMetal Resources Inc.
A Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. iMetal is focused on advancing its Gowganda West Project that borders the Juby Project, an advanced exploration-stage gold project located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO
iMetal Resources Inc.
saf@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include results of exploration, variations in results of mineralization, relationships with local communities, market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

SOURCE: iMetal Resources, Inc.



View source version on accesswire.com:
https://www.accesswire.com/694643/Due-to-Investor-Demand-iMetal-Increases-Size-of-Private-Placement

News Provided by ACCESSWIRE via QuoteMedia

IMR:CA
The Conversation (0)
Canadian Maple Leaf gold coin floating over stacked gold bars with glowing red lights.

Top 5 Junior Gold Mining Stocks on the TSXV in 2026

Junior gold stocks are seeing heightened interest in 2026 despite volatility in the gold price, which reached a new record high of nearly US$5,600 per ounce during the first quarter.The gold price may have fallen to the US$4,000 level in the second quarter, but plenty of upside potential remains... Keep Reading...
Peruvian Metals Production Update for the First Half of 2026 at Aguila Norte Processing Plant

Peruvian Metals Production Update for the First Half of 2026 at Aguila Norte Processing Plant

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update regarding the mineral processing at its 80-per-cent-owned fully permitted Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern... Keep Reading...
Pile of gold bars over black background.

5 Best-performing Gold Stocks on the TSX in 2026

The gold price hit record highs in January 2026, and still up more than 25 percent from this time last year.Gold's growth may have been stalled by a variety of factors, including widespread economic and geopolitical uncertainty as the US and Israel clash with Iran and the US Federal Reserve... Keep Reading...
La Dama de Oro Discovery Vein Assays 7.5 grams over .45 metre

La Dama de Oro Discovery Vein Assays 7.5 grams over .45 metre

Providence Gold Mines Inc. (“Providence” or the “Company”) further to the June 29th, 2026, news release the Company is very pleased to provide gold assays from the channel sampling of the vein discovery. As reported, the discovery was made by the Company’s registered California geologist Mark... Keep Reading...
Wooden blocks with "M & A" stand vertically on white papers with charts, against a gray background.

Genesis Minerals Launches US$3.9 Billion Bid for Vault Minerals

Australian gold miner Genesis Minerals (ASX:GMD,OTCPL:GSISF) has submitted a US$3.9 billion cash-and-stock proposal to acquire Vault Minerals (ASX:VAU,OTCPL:REDLF), presenting a premium over Vault's existing merger agreement with Regis Resources (ASX:RRL,OTCPL:RGRNF).Under the proposed scheme of... Keep Reading...
Map of the Philippines with a red pushpin over Manila, text reads: South China Sea, Celebes Sea.

OceanaGold Commits US$1.9 Billion to Extend Philippine Gold Mine to 2037

Canadian miner OceanaGold (TSX:OGC) has committed US$1.9 billion to expand and extend the operational lifespan of its flagship Didipio gold and copper mine in the Philippines.The investment will push the operational life of the high-grade Didipio project, located across the provinces of Nueva... Keep Reading...

Interactive Chart

Latest Press Releases

Related News