Mink Ventures arranges $500,000 private placement

Executive Summary

• Mink Ventures Corp. announced a non‑brokered private placement to raise up to $500,000 in gross proceeds.
• The offering consists of hard‑dollar (HD) units at $0.10 per unit and flow‑through (FT) units at $0.13 per unit, each unit including one common share and one 36‑month warrant exercisable at $0.20.
• Net proceeds are earmarked for exploration of the Montcalm nickel‑copper‑cobalt project, the Warren copper‑nickel project, and general working capital (for HD proceeds).

Key Details

• Aggregate Gross Proceeds: Up to $500,000.
• Unit Pricing:
• HD units – $0.10 per unit.
• FT units – $0.13 per unit.
• Unit Composition: Each unit = 1 common share + 1 common‑share purchase warrant (36‑month term, $0.20 exercise price).
• Flow‑Through Structure: FT shares issued as flow‑through shares; the portion of subscription price attributable to FT shares will be used for eligible Canadian exploration expenses and renounced to purchasers by Dec 31 2025.
• Use of Proceeds:
• Exploration & advancement of Montcalm (nickel‑copper‑cobalt) and Warren (copper‑nickel) projects.
• General working capital for proceeds from HD units.
• Holding Period: Securities subject to a four‑month‑and‑one‑day hold period; not offered in the United States.
• Closing Conditions & Timeline: Subject to customary closing conditions (including TSX‑V approval). Initial closing expected around Oct 15 2025, with possible multiple tranches and no minimum proceeds requirement.
• Finder’s Fees: Up to 8 % of gross proceeds may be paid in cash and/or non‑transferable warrants (exercise price $0.20, 36‑month term).

Notable Quotes

(No direct quotes were provided in the release.)