Sankamap Announces Closing of Private Placement

Executive Summary

• Sankamap Metals Inc. closed its previously announced unit offering, selling 21,755,772 units at $0.22 each for total gross proceeds of $4,786,269.
• Each unit comprised one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.40 per share for two years).
• Net proceeds will be used to fund exploration and development of the Oceania Project in the Solomon Islands and for general working capital.

Key Details

• Units sold: 21,755,772 units @ $0.22 per unit → $4,786,269 gross proceeds.
• Unit composition: 1 common share + ½ warrant (full warrant = right to purchase 1 additional share at $0.40).
• Warrant terms: Exercise price $0.40; exercisable for two years from each closing date.
• Finder fees: $168,933 paid in cash to arm’s‑length finders; some finders converted cash fees into an additional 256,922 units.
• Additional warrants issued to finders: 767,878 share purchase warrants on the same terms as above.
• Use of proceeds: Exploration and development of Sankamap’s projects (Oceania Project – Kuma and Fauro properties) and general working capital.
• Holding period: All securities subject to a four‑month + one‑day hold period expiring 2026-02-04.
• Insider participation: Three insiders subscribed, qualifying as related‑party transactions under MI 61‑101; exemptions applied because fair market value did not exceed 25% of market cap.
• Regulatory status: Offering received no objection from the Canadian Securities Exchange (CSE); finders’ fees issued per CSE policies and securities laws.

Notable Quotes

• “The net proceeds from the sale of the Units will be utilized to fund exploration and development of Sankamap's projects, and for general working capital.” – John Florek, CEO & Director

All boilerplate, forward‑looking statements, and disclaimer sections have been omitted for brevity.