Transition increases private placement to $743,133

Executive Summary

• Transition Metals Corp. upsized its non‑brokered critical mineral flow‑through private placement to a total gross proceeds of $743,133.
• The upsized offering consists of 9,908,439 CFT shares priced at $0.075 per share, representing the full amount now committed by investors.
• Proceeds will be deployed to advance exploration on the Saturday Night (Ontario) platinum‑group metals project and the Pike Warden (Yukon) gold‑silver‑copper project.

Key Details

• Upsized Offering Size: $743,133 gross proceeds.
• Shares Issued: 9,908,439 critical flow‑through shares at $0.075 per share.
• Finder’s Fee: 6 % cash fee on CFT shares sold to investors introduced by finders plus an additional 6 % in non‑transferable warrants (each warrant allows purchase of one common share at $0.12 for 18 months post‑closing).
• Use of Proceeds: Exploration and advancement of critical mineral properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden gold‑silver‑copper).
• Restrictions: All securities issued are subject to a four‑month restricted resale period and applicable hold periods outside Canada.
• Regulatory Conditions: Completion pending TSX Venture Exchange approval and other required regulatory consents; no guarantee the offering will close as proposed.
• Related‑Party Participation: Certain officers and directors may participate; transaction exempt from MI 61‑101 valuation/minority‑approval thresholds because the company is not listed on a specified market and the value subscribed by insiders is under $2.5 million.

Notable Quotes

(No direct quotes were provided in the release.)