Galway Metals Announces Closing of Private Placement

Executive Summary

• Galway Metals Inc. closed its previously announced non‑brokered private placement of 855,370 units at $0.54 per unit, raising gross proceeds of $461,899.80.
• Each unit includes one common share and half a transferable warrant (exercise price $0.80, three‑year term).
• An arm’s‑length finder received a cash fee of $13,859.10 and 25,665 finder’s warrants (exercise price $0.54, three‑year term); all securities are subject to a four‑month‑plus‑one‑day hold period expiring April 12 2026.

Key Details

• Units sold: 855,370
• Price per unit: $0.54
• Aggregate gross proceeds: $461,899.80
• Unit composition: 1 common share + ½ transferable common share purchase warrant (exercise price $0.80, exercisable for 3 years).
• Finder’s compensation: $13,859.10 cash fee plus 25,665 finder’s warrants (exercise price $0.54, exercisable for 3 years).
• Hold period: Securities subject to a hold period of four months and one day, expiring April 12 2026.
• Regulatory condition: Closing remains subject to final approval by the TSX Venture Exchange (TSXV).

Notable Quotes

(No direct quotes were provided in the release.)