TSX-V: TT Announces Updated Offering Terms

Executive Summary

• Total Metals Corp. revised its non‑brokered private placement to offer up to 16,666,666 units at $0.60 per unit, targeting gross proceeds of up to $10 million.
• Each unit consists of one common share and one warrant; the warrant allows purchase of an additional share at $0.90 for 36 months.
• The company will not proceed with the previously announced listed‑issuer financing exemption offering.

Key Details

• Offering Size: Up to 16,666,666 units (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.60, yielding potential gross proceeds of up to $10,000,000.
• Warrant Terms: One‑share purchase warrant exercisable at $0.90 per share for a period of 36 months from issuance.
• Investor Eligibility: Offered only to accredited investors under NI 45‑106 or other applicable prospectus exemptions.
• Change from Prior Announcement: The previously announced listed issuer financing exemption offering is being postponed/ cancelled.
• Use of Proceeds: (Not specified in release – typical uses include funding exploration, drilling, and corporate development activities).

Notable Quotes

• Tyler Thorburn, President and Chief Executive Officer: “We are pleased to refine the terms of our private placement to better align with investor interest while continuing to advance the Electrolode Project.”