Playfair Mining cease trade order revoked

Executive Summary

• Playfair Mining Ltd. obtained revocation of a cease‑trade order and will have its common shares reinstated on the TSX Venture Exchange shortly.
• The company disclosed a working‑capital deficiency of $316,995 as of May 31 2025 and intends to complete a private placement to cure the deficiency and fund exploration on its Nova Scotia gold properties.
• Historical private‑placement activity (June 2022, April 2023, March 2025) is summarized, highlighting share issuances made prior to receipt of funds that were not compliant with TSX‑V policies.

Key Details

• Cease‑trade revocation: Obtained on August 8 2025; trading reinstatement review completed; shares to be reinstated on the TSX‑V shortly.
• Working‑capital deficiency: $316,995 as of May 31 2025 (date of most recent filed financial statements).
• Financing intention: Plan to execute a private placement to address the deficiency and finance exploration programs on gold properties in Nova Scotia; details will be disclosed once terms are finalized.
• Historical private placements:
• June 30 2022: Closed private placement of 10.7 million shares at $0.075 per share; gross proceeds $802,500; 294,000 shares issued before receipt of funds (cash received $780,500).
• April 21 2023: Closed private placement of 10 million shares at $0.05 per share; gross proceeds $500,000; 760,000 shares issued before receipt of funds (cash received $462,000).
• March 5 2025: Closed private placement of 11 million shares at $0.025 per share; gross proceeds $275,000; 4 million shares issued before receipt of funds (cash received $175,000).
• Option subscriptions: Subscriptions receivable from stock‑option exercises total $302,000; current balance $22,000.
• Compliance issue: Issuing shares prior to payment contravened TSX‑V policies; the company commits to ensuring future compliance.

Notable Quotes

(No direct quotes were provided in the release.)