Scandium Canada augmente son placement prive a 564 500 $

Executive Summary

• Scandium Canada Ltd. announced an oversubscribed private placement and increased the gross proceeds to $564,500.
• Units are priced at $0.025 per unit, each consisting of one common share and a subscription warrant exercisable at $0.05 per share for 24 months.
• Net proceeds will be used primarily for working capital and general administrative expenses; no single use exceeds 10 % of the gross proceeds.

Key Details

• Placement Size: Gross proceeds increased to $564,500 (previous amount not disclosed).
• Unit Structure: Each unit = 1 common share + 1 subscription warrant.
• Pricing: $0.025 per unit.
• Warrant Terms: Right to purchase one additional common share at $0.05 per share for a period of 24 months from the issuance date.
• Use of Proceeds: Primarily to fund working capital related to general and administrative expenses; no individual use ≥10 % of gross proceeds.
• Lock‑up Restrictions: Units (including underlying shares) subject to a four‑month‑plus‑one‑day hold period under Canadian securities law and TSX Venture Exchange concurrent holding requirements.
• Closing Date: Expected on or about September 9, 2025, pending TSX Venture Exchange approval.
• Regulatory Notice: Offering not made in the United States; securities not registered under U.S. federal or state securities laws.

Notable Quotes

• “We are pleased to see strong demand for this financing, particularly from existing shareholders, which underscores confidence in our strategic direction and the value of Scandium Canada’s growth initiatives.” – Guy Bourassa, Chief Executive Officer.