Total Metals amends LIFE offering, private placement

Executive Summary

• Total Metals Corp. revised its LIFE listed‑issuer financing offering to a $8 M–$8.7 M range, issuing 13.33 M–14.5 M units each comprising one common share and one warrant exercisable at $1.00 after 60 days for up to 36 months.
• The concurrent private placement was adjusted to a maximum of $1.3 M, issuing at least 2.166 M non‑LIFE units (one common share plus one warrant) with warrants exercisable at $0.90 for up to 36 months.
• Both offerings are non‑brokered and target accredited investors; amended offering documents have been filed on SEDAR+.

Key Details

• LIFE Offering:
• Minimum financing: $8 M
• Maximum financing: $8.7 M
• Units to be issued: 13,333,333 – 14,500,000 units
• Each unit = 1 common share + 1 common‑share purchase warrant

• Warrant exercise price: $1.00 per warrant (exercisable 60 days after issuance, for a 36‑month period)

• Private Placement:

• Maximum financing: $1.3 M
• Minimum units to be issued: 2,166,666 non‑LIFE units
• Each unit = 1 common share + 1 common‑share purchase warrant

• Warrant exercise price: $0.90 per warrant (exercisable for a 36‑month period)

• Offering Structure: Both offerings are non‑brokered and rely on the listed issuer financing exemption (LIFE) and prospectus‑exempt private placement rules under NI 45‑106.

• Documentation: An amended and restated offering document reflecting these changes has been filed on Total Metals Corp.’s SEDAR+ profile and is available on the company website.

• Target Investors: Units are offered to accredited investors as defined by National Instrument 45‑106.