Inomin Announces Repricing of Private Placement

Inomin Announces Repricing of Private Placement

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") announces that it has repriced its previously announced non-brokered private placement of units for gross proceeds of up to $600,000 (the "Offering"). The Offering will be comprised of a combination of non-flow-through units (the "NFT Units") and flow-through units (the "FT Units").

The NFT Units have been repriced from $0.075 to $0.07 per NFT Unit. Each NFT Unit will be comprised of one common share of the Company (each, a "Share") and one Share purchase warrant (a "NFT Warrant"). The new terms of each NFT Warrant entitle the holder thereof to acquire one Share of the Company at a price of $0.13 for a period of 36 months from the closing date of the Offering.

There is no change to the previously announced price of the FT Units or their underlying securities. Each FT Unit will be sold at a price of $0.10 per FT Unit. Each FT Unit will be comprised of one Share and one Share purchase warrant (a "FT Warrant"). Each FT Warrant will entitle the holder thereof to acquire one Share of the Company at a price of $0.15 for a period of 24 months from the closing date of the Offering.

Inomin intends to use the gross proceeds raised from the Offering for exploration and related programs on the Company's mineral properties including drilling at the Beaver-Lynx project in south-central British Columbia where the Company has made a significant critical minerals discovery. The proceeds from the issue and sale of the NFT Units will also be used for general working capital purposes.

The entire gross proceeds from the issue and sale of the FT Units will be used for Canadian Exploration Expenses as such term is defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act, and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-through mining expenditures," and "BC flow-through mining expenditures" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before December 31, 2024 and renounced with an effective date no later than December 31, 2023 to the initial purchasers of FT Units.

The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

About Inomin Mines

Inomin Mines is focused on the identification, acquisition, and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc.
Per: "John Gomez"
President and CEO

For more information please contact:

John Gomez
Tel. 604.643-1280
info@inominmines.com

Neither 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.

Not for distribution to United States Newswire Services or for dissemination in the United States.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, completion of the Offering, the use of proceeds from the Offering and the payment of finders' fees under the Offering.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering; recent market volatility; and the state of the financial markets for the Company's securities.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals in respect of the Offering.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164881

News Provided by Newsfile via QuoteMedia

MINE:CA
The Conversation (0)
Inomin Drills 23% Magnesium and 0.19% Nickel over 179 Metres at Beaver South Confirming Large Deposit Potential

Inomin Drills 23% Magnesium and 0.19% Nickel over 179 Metres at Beaver South Confirming Large Deposit Potential

Ring Zone Drilling Intersects 22% Magnesium and 0.18% Nickel Over 112 Metres Just 20 Metres from Surface

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to report that drilling at the South and Ring Zones of the Beaver-Lynx critical minerals project, continues to intersect high-grade magnesium and nickel over long intersections. South Zone drill-hole B23-03, located 100 metres north of hole B23-02, intersected 23% magnesium with 0.19% nickel over 179.2 metres (m), the longest intersection from drilling in the South Zone to date. Drill hole B23-04, testing the eastern portion of the Ring Zone 2.3 kilometres northeast, intersected 22.3% magnesium with 0.18% nickel over 112.2 metres, with mineralization beginning at bedrock surface.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Initial South Zone Drilling Demonstrates Large Tonnage Potential of Beaver-Lynx Critical Minerals Discovery

US Department of Energy Classifies Magnesium Among the Most Critical Commodities

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin To Extend Warrants

Inomin To Extend Warrants

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") announces that it intends to extend the term of an aggregate of 1,048,000 common share purchase warrants (the "Warrants") issued as part of the Company's private placements that closed on August 25, 2021 and September 24, 2021. The Warrants are exercisable at a price of $0.15 and currently expire on August 25, 2023 and September 24, 2023.

Subject to the approval of the TSX Venture Exchange, the term of the Warrants will be extended to August 25, 2025. All other terms of the Warrants will remain the same.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Starts Drilling at Beaver-Lynx Critical Minerals Discovery

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce drilling is underway at the Beaver-Lynx property located between the Gibraltar and Mount Polley mines in the Cariboo region of south-central British Columbia.

Drilling at the Beaver property is currently targeting the South zone located approximately 3 km south-west of Inomin's previous drilling discoveries. The objective of the program is to drill test the South zone's potential for significant magnesium and nickel-cobalt-chromium mineralization.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Inomin Closes Oversubscribed Private Placement

Inomin Closes Oversubscribed Private Placement

Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") is pleased to announce it has closed an oversubscribed non-brokered private placement (the "Private Placement"). Further to announcements dated May 2 and May 4, 2023, the Company has completed the issuance of 3,992,142 units (each, a "Unit") at a price of $0.07 per Unit and 3,275,000 flow-through units (each, a "FT Unit") at a price of $0.10 per FT Unit for gross proceeds of $606,950.

Each Unit consists of one common share in the capital of the Company (a "Share") and one Share purchase warrant of the Company (each, a "NFT Warrant"). Each NFT Warrant is exercisable by the holder to acquire one Share for a period of 36 months from the date of closing of the Private Placement at a price of C$0.13 per Share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nuvau Announces Voting Results of Its Annual and Special Meeting of Shareholders and Announces the Appointment of Steven Bowles as Chair of the Board

Nuvau Announces Voting Results of Its Annual and Special Meeting of Shareholders and Announces the Appointment of Steven Bowles as Chair of the Board

 Nuvau Minerals Inc. (TSXV: NMC) (the "Company" or "Nuvau") is pleased to announce the results of its annual and special meeting of shareholders of the Company (the "Meeting") held on June 26, 2025.

A total of 18,122,588 common shares of the Company ("Common Shares") were represented, in person or by proxy, at the Meeting, representing approximately 35.5% of the total issued and outstanding common shares as of the record date of the Meeting.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
FPX Nickel Announces Results of 2025 Annual General and Special Meeting

FPX Nickel Announces Results of 2025 Annual General and Special Meeting

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of its 2025 Annual General and Special Meeting held on June 26 2025.

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

Shareholders voted in favour of all items put forward by the Board of Directors and Management. Shareholders elected eight directors to the Company's Board, namely, Kim Baird , Peter M.D. Bradshaw , Anne Currie , James S. Gilbert , Peter J. Marshall , Andrew Osterloh , Robert B. Pease and Martin E. Turenne . The shareholders approved all other matters as proposed, including the appointment of DeVisser Gray LLP as the auditor of the Company and approval of the Company's 10% rolling share compensation plan.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/27/c9286.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×