Meryllion Announces Non-Brokered Private Placement

Executive Summary

• Meryllion Resources Corp. announces a non‑brokered private placement of up to 12 million common shares at $0.05 per share, targeting gross proceeds of up to $600,000.
• Proceeds are earmarked for funding exploration activities (including an imminent drilling program) and general working capital.
• The offering may be oversubscribed; all issued shares will carry a four‑month‑plus hold period, and closing is subject to CSE and other regulatory approvals.

Key Details

• Offering Size: Up to 12,000,000 common shares.
• Price per Share: $0.05.
• Maximum Gross Proceeds: $600,000.
• Placement Type: Non‑brokered private placement; may be oversubscribed.
• Regulatory Conditions: Closing subject to CSE approval and any other required regulatory consents.
• Share Hold Period: Four months and one day from issuance under applicable securities laws.
• Use of Proceeds:
• Fund exploration activities (including a fully budgeted drilling program that will commence upon closing).
• Provide working capital for corporate operations.
• Finder’s Fees: May be payable to eligible arm‑length persons in accordance with CSE policies and applicable securities laws.
• Drilling Outlook: Anticipated results from the ionic adsorption REE drilling program expected within 60 days of placement closure.
• Qualified Person: Mark J. Pryor, SACNASP, reviewed and approved the technical disclosure.

Notable Quotes

“We have been closely following our immediate neighbours ABX Resources… Meryllion already has drilling permits in place and a fully budgeted drilling program ready to commence upon the closure of private placement.” – Richard Revelins, CEO

Materiality Assessment: Material – Positive (the financing provides essential capital for upcoming exploration programs, representing a material development for the company).