Anteros Metals Inc. Announces Closing of First Tranche of Private Placement

Executive Summary

• Anteros Metals Inc. closed the first tranche of its non‑brokered private placement, issuing 7,104,309 flow‑through units at $0.065 each and 3,100,000 hard‑dollar units at $0.05 each, for total gross proceeds of $616,780.09.
• Each FT Unit includes one common share (flow‑through) and half a warrant; each hard‑dollar unit includes one common share and half a warrant. Warrants allow purchase of common shares at $0.10 for two years.
• Securities are subject to a four‑month plus one day hold period; the company paid an $11,700 cash commission and issued 25,000 finder’s warrants at $0.10 exercise price.

Key Details

• Units Issued:
• 7,104,309 FT Units @ $0.065 per unit → $461,780.09 gross proceeds
• 3,100,000 hard‑dollar Units @ $0.05 per unit → $155,000.00 gross proceeds
• Total Gross Proceeds: $616,780.09
• FT Unit Composition: 1 flow‑through common share + ½ whole common share purchase warrant (exercise price $0.10).
• Hard‑Dollar Unit Composition: 1 common share + ½ whole common share purchase warrant (exercise price $0.10).
• Warrant Terms: Each full warrant exercisable at $0.10 per common share for a period of two years from issuance.
• Hold Period: All securities subject to a hold period of four months plus one day from the date of issuance, plus applicable resale rules.
• Commission Paid: Cash commission of $11,700 to placement agents.
• Finder’s Warrants: 25,000 finder’s warrants issued; each exercisable for one common share at $0.10 per share.
• Tax Considerations: FT Shares qualify as “flow‑through shares” under Canadian Income Tax Act subsection 66(15) and are eligible for the Critical Mineral Exploration Tax Credit.

Notable Quotes

(No executive quotes were included in the release.)