Total Metals amends private placement terms

Executive Summary

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

Key Details

• Units Offered: Up to 16,666,666 units (each = 1 common share + 1 warrant).
• Price per Unit: C$0.60, representing a total potential gross proceeds of C$10 million.
• Warrant Terms: One‑for‑one warrant per unit; exercise price C$0.90 per share; exercisable for 36 months from the date of issuance.
• Offering Structure: Non‑brokered private placement offered exclusively to accredited investors under NI 45‑106 or other prospectus exemptions.
• Cancellation of Prior Offering: The previously announced listed issuer financing exemption offering is being put on hold indefinitely.
• Use of Proceeds (implied): Not expressly stated in the release; typical uses include funding exploration, drilling, and development activities at the Electrolode project in the Red Lake district.

Notable Quotes

(No executive quotes were included in the release.)