Saga Metals closes $2.98-million private placement

Executive Summary

• Saga Metals closed a fully subscribed non‑brokered private placement, raising $2.99 M in gross proceeds.
• The offering consisted of 7.1 M flow‑through (FT) units at $0.28 and 4 M hard‑dollar (HD) units at $0.25, each unit paired with half a warrant priced at $0.50, exercisable until 10 Oct 2027.
• Saga entered into new digital marketing service agreements with Capitaliz ($200k fee) and i2i Marketing Group ($250k U.S. budget) to boost investor awareness.

Key Details

• Financing Structure
• FT Units: 7,100,088 units @ $0.28 / unit → $1,988,024.64 gross proceeds. Each includes one flow‑through common share + ½ warrant.
• HD Units: 4,000,000 units @ $0.25 / unit → $1,000,000 gross proceeds. Each includes one common share + ½ warrant.
• Warrant Terms
• Exercise price: $0.50 per share.
• Expiry: 10 Oct 2027, with possible acceleration to 30 days after a news release if the TSX‑V closing price ≥ $0.75 for 10 consecutive trading days post‑10 Oct 2025.
• Hold Period – All securities subject to a four‑month‑plus‑one‑day hold, expiring 11 Feb 2026.
• Finder’s Fees – Cash fees of $130,003 and issuance of 478,204 finder’s warrants (exercise price $0.50, 24‑month term).
• Use of Proceeds
• FT proceeds → Canadian flow‑through exploration expenses on Saga’s mineral properties.
• HD proceeds → General working capital, including investor relations activities.
• Marketing Services Agreement – Capitaliz
• Effective: 13 Oct 2025; term: 3 months (renewable).
• Services: multimedia content creation, targeted traffic generation, social‑media amplification, distribution to financial media platforms.
• Fee: $200,000 + taxes, payable from working capital.
• Online Marketing Agreement – i2i Marketing Group LLC
• Initial budget: US$250,000, paid from working capital; month‑to‑month thereafter possible.
• Services: corporate marketing, investor awareness, content creation, media distribution.
• Both agreements may be terminated with notice (30 days for Capitaliz, 10 days for i2i) and are subject to exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)