Fidelity Minerals increases financing to $1.5-million

Executive Summary

• Fidelity Minerals Corp. upsized its non‑brokered private placement from 12.5 M to 15 M units, targeting aggregate gross proceeds of $1.5 million at $0.10 per unit.
• Each unit consists of one common share and one‑half warrant; a full warrant can be exercised for an additional share at $0.20 within 24 months after closing.
• Net proceeds will fund Peruvian exploration, community‑relations programs, and general corporate working capital.

Key Details

• Financing Size: Increased to 15 million units (up from 12.5 M).
• Price per Unit: $0.10, yielding gross proceeds of $1.5 million.
• Unit Composition: 1 common share + ½ warrant; full warrant exercisable for one additional share at $0.20 per share.
• Warrant Term: Exercisable for 24 months after the closing date.
• Use of Proceeds:
• Advance exploration activities on the Las Huaquillas project in northern Peru.
• Support community‑relations programs in Peru.
• Provide general corporate working capital.
• Finder’s Fees: Company will pay eligible finders in compliance with securities laws and TSX‑V policies.
• Regulatory Conditions: Financing subject to TSX‑V approval; all issued securities carry statutory hold periods expiring four months and one day after closing.

Notable Quotes

(No direct quotes were provided in the release.)