Nuinsco Announces Private Placement

Executive Summary

• Nuinsco Resources Limited announced a non-brokered private placement of up to C$500,000 through the issuance of flow-through and/or common shares.
• The offering will be priced at $0.01 per flow-through share or $0.0075 per common share, with an expected closing date around June 26, 2026.
• Proceeds will be allocated to advance mineral projects in Ontario and Newfoundland, support exploration activities, or fund general corporate purposes.

Key Details

• Structure & Quantity: Up to approximately 50 million flow-through common shares or 67 million common shares (or a combination), dependent on investor demand.
• Subscription Price: $0.01 per flow-through share; $0.0075 per common share.
• Gross Proceeds: Up to C$500,000.
• Expected Closing: On or about June 26, 2026.
• Finder’s Compensation: 7% cash fee on total financing plus 7% compensation warrants.
• Warrant Terms: Compensation warrants entitle holders to purchase one common share at an exercise price of $0.01 per share for a period of 18 months from the closing of the offering.
• Use of Proceeds: Flow-through share proceeds will fund work to advance the Company’s mineral projects in Ontario and Newfoundland; common share proceeds may be used for exploration activities or general corporate purposes.
• Company Profile: Multi-commodity mineral exploration and development company focused on Canadian properties including the Prairie Lake Project, Zig Zag Lake Property, Paradise Lake gold project, and a NSR royalty on the Sunbeam Gold Property.