Clarity Metals closes $25,200 second tranche of placement

Executive Summary

• Clarity Metals Corp. completed the second tranche of its non‑brokered private placement, issuing 280,000 flow‑through (FT) units at $0.09 per unit for gross proceeds of $25,200.
• Combined aggregate proceeds from the first and second tranches now total $1,124,910.03, which will be used to fund Canadian exploration expenses and flow‑through critical mineral mining expenditures.
• Each FT unit includes one common share and half a share purchase warrant (exercise price $0.12, three‑year term); securities are subject to a statutory hold period of four months plus one day.

Key Details

• Units Issued: 280,000 flow‑through units (FT units).
• Pricing: $0.09 per FT unit.
• Gross Proceeds (Second Tranche): $25,200.
• Total Aggregate Proceeds (First + Second Tranches): $1,124,910.03.
• Unit Composition: Each FT unit = 1 critical flow‑through common share + ½ share purchase warrant.
• Warrant Terms: Right to purchase an additional common share at $0.12 per warrant share; exercisable for three years from closing date.
• Use of Proceeds: To incur Canadian exploration expenses (per Subsection 66.1(6) of the Income Tax Act) and flow‑through critical mineral mining expenditures (per Subsection 127(9) of the Income Tax Act); amounts will be renounced to purchasers in an aggregate amount not less than gross proceeds.
• Finder’s Fees: None paid in connection with this closing.
• Statutory Hold Period: Securities subject to a hold period expiring four months and one day after the closing date of the second tranche.

Notable Quotes

(No executive quotes were provided in the release.)