Resouro Strategic Metals Inc. (RSGOF) Completes First Tranche of Private Placement

Executive Summary

• Resouro Strategic Metals completed the first closing of its non‑brokered private placement, issuing 5 million units at CAD $0.20 each for gross proceeds of CAD $1 million.
• Each unit includes one common share and half a warrant; the warrants allow purchase of additional shares at CAD $0.30 for three years.
• Net proceeds will fund engineering work toward a Preliminary Economic Assessment for the Tiros project and general working capital.

Key Details

• Units Issued: 5,000,000 units @ CAD $0.20 per unit → Gross Proceeds: CAD $1,000,000.
• Unit Composition: 1 common share + ½ warrant (total of 2,500,000 warrants).
• Warrant Terms: Right to buy one additional common share at CAD $0.30 per share; exercisable for three years from issuance.
• Second Tranche: Planned closing of an additional 10,000,000 units expected within the week.
• Use of Proceeds: Advance engineering program for Tiros project (pre‑PEA work) and general working capital.
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period per Canadian securities law and TSX V requirements.
• Listing Rule Compliance: 5,000,000 shares issued under ASX Listing Rule 7.1A; 2,500,000 warrants issued under ASX Listing Rule 7.1.
• Finder’s Fees: None paid.
• Regulatory Approval: Offering remains subject to final TSX Venture Exchange approval.

Notable Quotes

(No executive quotes were included in the release.)