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Financings

Lucky Announces Increase in Private Placement and Corporate Update

By The Northwire Desk — AI Analysis Sep 08, 2026 · 13:01 LKY · 0.005 Lucky Minerals Inc.
LKY · Price

Lucky Minerals Inc. (LKY) has increased the size of its previously announced non-brokered private placement from $1,580,000 to a total of up to $3,050,000 in gross proceeds, citing strong market demand. The transaction consists of 4,550,000 flow-through shares and 25,950,000 non-flow-through units, each priced at $0.10.

The company expects to use the proceeds to settle approximately $2.05 million of indebtedness and write off approximately $4.27 million of liabilities related to the Goldmindex S.A. disposition, aiming to improve its working capital position. Prior to the transaction, the company reported a working capital deficiency of $8,256,442 as at July 31, 2026. The debt settlement involves approximately $2,050,498 of indebtedness to be settled through a shares-for-debt transaction, while approximately $4,273,228 of liabilities related to the Goldmindex S.A. disposition are to be written off. Following the transaction, the company estimates its working capital will be approximately $422,910.

The transaction structure includes 4,550,000 flow-through shares issued at $0.10 per share and 25,950,000 non-flow-through units issued at $0.10 per unit. Each non-flow-through unit includes one common share purchase warrant with an exercise price of $0.15 per warrant. These warrants have a term of five years from the date of issuance and are exercisable for one additional common share on a non-flow-through basis.

Cash finder’s fees of 7% of gross proceeds may be paid to eligible finders. Additionally, finder’s warrants equal to 7% of the number of flow-through shares and non-flow-through units sold may be issued, with an exercise price of $0.15 for a period of five years. All securities are subject to a statutory hold period of four months plus one day from the date of issuance. The private placement is subject to TSX Venture Exchange acceptance.

Read the original news release →

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