Denarius Metals Announces Non-Brokered LIFE Offering of Units

Executive Summary

• Denarius Metals Corp. announced a non‑brokered private placement of up to 12 million Units at CA$0.50 per Unit, targeting gross proceeds of up to CA$6 million.
• Each Unit consists of one common share and one‑half of a common share purchase warrant; each full warrant allows purchase of one common share at CA$0.70, exercisable from 60 days after closing and valid for 36 months.
• Net proceeds are earmarked to fund exploration and development at the Zancudo Project in Colombia and for general working capital and corporate purposes.

Key Details

• Offering Size: Up to 12,000,000 Units
• Price per Unit: CA$0.50
• Maximum Gross Proceeds: CA$6,000,000
• Unit Composition:
• 1 common share
• ½ of a common share purchase warrant (full warrant = right to buy 1 common share at CA$0.70)
• Warrant Terms:
• Exercise price: CA$0.70 per share
• Exercisable beginning 60 days after the closing date
• Valid until 36 months after the closing date
• Closing Timeline: Anticipated on or prior to November 26, 2025
• Regulatory Framework: Offered under NI 45‑106 exemptions (listed issuer financing exemption and other applicable exemptions); also may be offered outside Canada under Ontario Securities Commission Rule 72‑503 for non‑U.S. persons.
• Use of Proceeds:
• Exploration and development at the Zancuo Project, Colombia
• Working capital
• General corporate purposes
• Restrictions: No U.S. offering; Units may not be sold to U.S. persons absent registration or an applicable exemption.

Notable Quotes

(No executive quotes were included in the release.)