iMetal Resources Completes Flow-Through Financing

Executive Summary

• iMetal Resources Inc. closed a non‑brokered private placement issuing 4,160,777 flow‑through units at $0.13 each, raising up to $540,901 in gross proceeds.
• Each FT Unit includes one common share and a half‑share purchase warrant exercisable at $0.20 until 17 Dec 2027; additional finders’ warrants were issued as compensation.
• Proceeds are earmarked for exploration activities on the Gowganda West Property in Ontario’s Abitibi Greenstone Gold Belt.

Key Details

• Units Issued: 4,160,777 FT Units
• Price per Unit: $0.13
• Gross Proceeds: Up to $540,901 (subject to overallotment)
• Unit Composition:
• 1 common share (flow‑through share)
• ½ of a share purchase warrant (full warrant = right to buy one additional common share at $0.20)
• Warrant Terms: Exercise price $0.20, exercisable until 17 Dec 2027.
• Finders’ Compensation:
• Cash paid: $37,898
• Finders’ Warrants issued: 291,523 (134,615 at $0.13; 156,908 at $0.20) – exercisable until 17 Dec 2027.
• Resale Restrictions: All securities subject to a lock‑up until 18 Apr 2026 per applicable securities laws.
• Use of Proceeds: To fund exploration on the Gowganda West Property (Abitibi Greenstone Gold Belt, Ontario).
• Qualified Person Review: Technical content approved by R. Tim Henneberry, P.Geo., director and Qualified Person under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)