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Financings

HM Exploration arranges $600,000 private placement

By The Northwire Desk — AI Analysis Dec 22, 2025 · 16:14 HM · 0.23 HM Exploration Corp
HM · Price

Executive Summary

  • HM Exploration Corp. announced a non‑brokered private placement of up to 3,333,334 units at C$0.18 per unit, targeting gross proceeds of approximately $600,000.
  • Each unit consists of one common share and half of a transferable warrant; warrants are exercisable for an additional share at C$0.25 within three years.
  • Proceeds will be allocated to exploration activities on existing properties and general working capital.

Key Details

  • Units Offered: Up to 3,333,334 units.
  • Purchase Price: C$0.18 per unit.
  • Gross Proceeds Target: Approximately $600,000 (C$0.60 M).
  • Unit Composition: 1 common share + ½ transferable common share purchase warrant.
  • Warrant Terms: Each warrant convertible into one additional common share; exercisable for three years from closing at C$0.25 per share.
  • Use of Proceeds: Funding exploration on the Devil’s Den and Pilley’s Island projects; general working capital.
  • Placement Structure: Non‑brokered, offered to qualified investors under securities law exemptions.
  • Finder Fees: Company may pay fees to eligible finders in compliance with applicable regulations and CSE policies.
  • Holding Period: Four months and one day on all securities issued in the placement.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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