Linear Minerals Corp. Announces Private Placement

Executive Summary

• Linear Minerals Corp. announced a proposed non‑brokered private placement to raise up to $900,000 in gross proceeds.
• The offering consists of 8 million flow‑through common shares at $0.05 each ($400,000) and 10 million hard‑dollar common units at $0.05 each ($500,000).
• Proceeds will be used for general working capital and to fund further exploration of the Company’s Quebec properties.

Key Details

• Offering Structure
• Flow‑through Common Shares: Up to 8,000,000 shares @ $0.05 per share → $400,000 gross proceeds.

• Hard‑Dollar Common Units: Up to 10,000,000 units @ $0.05 per unit → $500,000 gross proceeds.

  • Each unit = 1 common share + 1 common share purchase warrant.
  • Warrant terms: Right to purchase one additional common share at $0.25 for one year from issue date.

• Finder’s Fee

• Eligible finders will receive a cash fee equal to 6 % of the proceeds, paid in accordance with CSE policies.

• Regulatory Conditions

• Closing subject to required approvals (CSE and other regulatory bodies).

• All securities issued will be subject to a four‑month hold period plus one day under applicable securities laws.

• Use of Proceeds

• General working capital.

• Further exploration activities on Linear’s Quebec properties.

• Leadership Statement

• “Gurminder Sangha, CEO & Director, signed the release on behalf of the Board.”

Notable Quotes

(No direct quotes provided in the release.)