Mink Ventures increases private placement to $1-million

Executive Summary

• Mink Ventures Corp. increased its previously announced non‑brokered private placement from up to $500,000 to up to $1,000,000 in gross proceeds.
• The offering consists of hard‑dollar (HD) units at C$0.10 per unit and flow‑through (FT) units at C$0.13 per unit, each unit including one common share and one 36‑month warrant exercisable at C$0.20.
• Net proceeds will fund exploration on the Montcalm nickel‑copper‑cobalt project, the Warren copper‑nickel project, and general working capital (for HD proceeds).

Key Details

• Placement Size: Upsized to a maximum of C$1,000,000 gross proceeds (previously C$500,000).
• Unit Pricing:
• HD units: C$0.10 per unit.
• FT units: C$0.13 per unit.
• Unit Composition:
• Each HD unit = 1 common share + 1 common‑share purchase warrant (36‑month term, C$0.20 exercise).
• Each FT unit = 1 flow‑through share + 1 flow‑through warrant (same terms as above).
• Flow‑Through Shares: Issued under the Canadian Income Tax Act; subscription price attributable to FT shares will be used for eligible exploration expenses that qualify as Canadian Exploration Expenses and Flow‑Through Critical Mineral Mining Expenditures.
• Renunciation of Expenses: Eligible expenditures equal to the gross proceeds from FT shares will be renounced to initial purchasers by Dec 31, 2025 (or earlier).
• Use of Proceeds:
• Exploration & advancement of Montcalm nickel‑copper‑cobalt project and Warren copper‑nickel project.
• General working capital for proceeds derived 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; may occur in multiple tranches and is not contingent on a minimum amount of proceeds.
• Finder’s Fees: Up to 8 % cash and/or non‑transferable warrants (exercise price C$0.20, 36‑month term) payable to introducing parties, subject to securities law and TSX‑V policies.

Notable Quotes

(No executive quotes were provided in the release.)