High Tide Resources Announces Closing of Concurrent Non-Brokered Private Placements for Gross Proceeds of $8.3 Million

Executive Summary

• High Tide Resources Corp. closed concurrent non‑brokered private placements, raising $8.327 million in aggregate gross proceeds.
• The offering comprised three securities: 7.5 M LIFE HD Units at $0.20, 22.5 M charity flow‑through (CFT) Units at $0.27, and 3.76 M Non‑LIFE Units at $0.20.
• Proceeds will fund Canadian exploration expenses on the Labrador West Iron Project (CFT proceeds) and general corporate/working capital needs (LIFE HD & Non‑LIFE proceeds).

Key Details

• Units Sold
• 7,500,000 LIFE HD Units – $0.20 per unit → $1,500,000 gross.
• 22,500,000 CFT Units – $0.27 per unit → $7,575,000 gross.
• 3,760,000 Non‑LIFE Units – $0.20 per unit → $752,000 gross.

• Total Gross Proceeds: $8,327,000.

• Unit Composition

• LIFE HD Unit: 1 common share + ½ warrant (exercise $0.30, 24‑month term).
• CFT Unit: 1 flow‑through common share + ½ warrant (same terms as above).

• Non‑LIFE Unit: 1 common share + ½ warrant (subject to a 4‑month + 1‑day hold period).

• Warrant Terms

• All warrants exercisable at $0.30 per share.

• LIFE Offered Securities’ warrants non‑exercisable for four months from issuance; Non‑LIFE warrants subject to the same exercise price but with a longer hold period on underlying shares.

• Use of Proceeds

• CFT proceeds ($7.575 M) → “Canadian exploration expenses” (Qualifying Expenditures) before 31 Dec 2027, including drill program, metallurgical testwork, and environmental baseline study at the Labrador West Iron Project; to be renounced to CFT purchasers by 31 Dec 2026.

• LIFE HD & Non‑LIFE proceeds ($1.252 M) → general corporate purposes and working capital.

• Finder Compensation

• Cash commissions paid: $508,250.

• Finder warrants issued: 1,991,500 (each for one Non‑LIFE Unit at $0.20, exercisable for 24 months).

• Related Party Transaction

• Insiders subscribed to 2,470,000 Units, representing ≤ 25 % of fair market value; exemption relied upon under MI 61‑101.

• Regulatory Notes

• Offerings subject to final acceptance by the Canadian Securities Exchange (CSE).
• Securities not registered in the U.S.; no offer or solicitation intended for U.S. persons.

Notable Quotes

• “The successful closing of these offerings provides us with the capital needed to advance our Labrador West Iron Project and maintain flexibility for corporate growth,” – Steve Roebuck, CEO & Director, High Tide Resources Corp.