Corcel Announces Non-Brokered Private Placement

Executive Summary

• Corcel Exploration Inc. announced a non‑brokered private placement of up to 11,111,111 units at $0.18 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and half of a common share purchase warrant (full warrant gives the holder the right to acquire an additional share at $0.30 for 24 months, with an acceleration clause if the CSE price reaches $0.40).
• Net proceeds are earmarked for exploration activities on existing projects and general working capital; closing is expected around November 28 2025.

Key Details

• Units Offered: Up to 11,111,111 units at $0.18 per unit.
• Gross Proceeds Target: Up to $2,000,000.
• Unit Composition:
• 1 common share of Corcel Exploration Inc.
• ½ of a common share purchase warrant (full warrant = right to buy one additional share at $0.30).
• Warrant Terms:
• Exercise price: $0.30 per share.
• Expiry: 24 months from the Closing Date, unless accelerated.
• Acceleration clause: If the ten‑day weighted average CSE closing price ≥ $0.40, Corcel may issue a press release to accelerate expiry to 30 days after that notice; unexercised warrants then expire.
• Use of Proceeds: Exploration on the Yuma King Cu‑Au project (Arizona) and Willow copper project, plus general working capital.
• Closing Date: Anticipated on or about November 28 2025, subject to customary conditions and regulatory filings.
• Statutory Hold Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period from the Closing Date.
• Finder’s Fees: Company may pay eligible finders in compliance with CSE policies and applicable securities legislation.
• Regulatory Disclaimer: Units are not registered under U.S. securities laws; offering is limited to jurisdictions where exemptions apply.

Notable Quotes

(No direct quotes were provided in the release.)