Mink Ventures Closes Non Brokered Private Placement

Executive Summary

• Mink Ventures closed the second and final tranche of its non‑brokered private placement, bringing total gross proceeds to $857,518.
• The closing includes 960,000 HD Units at $0.10 each and 235,770 FT Units at $0.13 each, plus associated finder’s fees and warrants.
• Net proceeds are earmarked for exploration of the Montcalm nickel‑copper‑cobalt project, the Warren copper‑nickel project, and general working capital.

Key Details

• Total gross proceeds (both tranches): $857,518.
• Second tranche gross proceeds: $126,000 from 960,000 HD Units @ $0.10 per unit; $30,000 from 235,770 FT Units @ $0.13 per unit.
• HD Unit composition: 1 Common Share + 1 HD Warrant (exercise price $0.20, 36‑month term).
• FT Unit composition: 1 FT Share + 1 FT Warrant (exercise price $0.20, 36‑month term).
• Finder’s fees paid: $7,680 in cash; issuance of 76,800 non‑transferable Finder’s Warrants (exercise price $0.20, expiry Oct 30 2028).
• Holding period: All securities from the final tranche subject to a statutory four‑month plus one‑day hold expiring March 1 2026.
• TSX Venture Exchange approval: Final approval required for the Offering and finder’s fee issuance.
• Use of proceeds:
• Exploration and advancement of Montcalm nickel‑copper‑cobalt project.
• Advancement of Warren copper‑nickel project.
• General working capital (specifically from HD Unit proceeds).
• Post‑offering share count: 33,606,719 Common Shares outstanding.

Notable Quotes

(No direct quotes were provided in the release.)