Enerev5 Metals Inc. Announces Upsize to its Non-Brokered Private Placement to $445,000 and Upsize to its Securities-for-Debt Transaction to $201,000

Executive Summary

• Enerev5 Metals Inc. announced an increase to its non‑brokered private placement, now offering up to 44,500,000 units at $0.01 per unit, targeting gross proceeds of up to $445,000.
• The company also amended its debt settlement, proposing to settle up to $200,920 of liabilities by issuing up to 20,092,000 units at the same price.
• Proceeds will be used for general corporate and working‑capital purposes, project review, and acquisition costs.

Key Details

• Private Placement (Offering)
• Maximum units: 44,500,000
• Unit composition: 1 common share + 1 share purchase warrant
• Price per unit: $0.01 → gross proceeds up to $445,000

• Warrant terms: Exercise price $0.05, exercisable for 5 years after closing.

• Debt Settlement

• Liabilities to be settled: up to $200,920

• Units to be issued: up to 20,092,000 at $0.01 per unit (non‑arm’s length parties).

• Use of Proceeds

• General corporate and working‑capital purposes.

• Project review and acquisition costs.

• Closing Conditions

• Subject to customary closing conditions and required approvals, including TSX Venture Exchange consent.

• All securities subject to a statutory hold period of four months and one day under Canadian law.

• Finder Compensation

• Company may pay commissions to eligible finders in connection with the Offering, pending compliance and exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)