Integral Metals Announces Closing of Private Placement Offerings

Executive Summary

• Integral Metals Corp. closed two private placement offerings, raising a total of $4,026,749.45 in gross proceeds.
• The Unit offering sold units at $0.80 per unit, while the FT‑Unit offering sold flow‑through units at $0.95 per unit.
• Proceeds will fund exploration activities, working capital, and Canadian exploration expenses; finder’s fees of $31,680 plus broker warrants were paid.

Key Details

• Unit Offering:
• Price: $0.80 per Unit
• Gross proceeds: $2,528,000
• Composition: 1 common share + 1 warrant (exercise price $0.95, 24‑month term)
• FT‑Unit Offering:
• Price: $0.95 per FT Unit
• Gross proceeds: $1,498,749.45
• Composition: 1 flow‑through common share + 1 non‑flow‑through warrant (exercise price $1.00, 24‑month term)
• Use of Proceeds:
• Exploration activities across Integral’s property portfolio (Canada & USA)
• Working capital and general corporate purposes, including investor relations
• FT proceeds earmarked for “Canadian exploration expenses” under the Income Tax Act
• Finder’s Fees:
• Cash payment: $31,680
• Broker warrants issued: 39,600 (each conferring the right to purchase one warrant share at $1.00, 24‑month term)
• Holding Periods:
• Units – four months and one day from issuance
• FT Units – same hold period applies
• Regulatory Note: Securities not registered under U.S. securities laws; sales to U.S. persons prohibited absent exemption or registration.

Notable Quotes

(No executive quotes were provided in the release.)