Aeonian closes 20M unit placement; Gentile buys 11.95M

Executive Summary

• Aeonian Resources Corp. has closed a non-brokered private placement, raising gross proceeds of $800,400.
• Leading strategic investor Michael Gentile acquired a 19.55% stake (on a basic post-offering basis) through the purchase of 11.95 million units.
• The capital will primarily fund the company's inaugural drill program at the Koocanusa property in British Columbia, with drilling expected in early 2026.

Key Details

• Gross Proceeds: $800,400.00
• Units Issued: 20.01 million units at a price of $0.04 per unit.
• Strategic Investor: Michael Gentile acquired 11.95 million units, representing a 19.55% ownership interest on a basic post-offering basis and 32.71% on a partially diluted basis.
• Warrant Terms: Each unit includes one common share and one common share purchase warrant. Warrants allow the purchase of one share at an exercise price of $0.07 for a period of 36 months from issuance.
• Insider Subscription: Terry Salman (Chairman and Director) acquired 625,000 units. His aggregate shareholding is now 3,558,000 shares (approx. 5.82% post-closing). This was treated as a related party transaction under MI 61-101, exempt from formal valuation and minority shareholder approval requirements.
• Use of Proceeds: 80% for exploration activities at the Koocanusa property in British Columbia; 20% for general working capital.
• Hold Period: Securities are subject to a statutory hold period of four months and one day from the date of issuance.
• No Finders' Fees: No finders' fees were paid in connection with the offering.
• Company Strategy: The financing provides capital certainty for the inaugural drill program at Koocanusa, targeting sediment-hosted copper systems.

Notable Quotes

• Andrew Randell, CEO: "We are extremely pleased to welcome Michael Gentile as a strategic investor in Aeonian. Michael's track record in the junior mining sector speaks for itself, and his support reflects a shared conviction in the discovery potential of sediment-hosted copper systems in British Columbia. This financing provides the capital certainty required to move confidently into our inaugural drill program at Koocanusa, and we are genuinely excited to begin drill testing what we believe is a highly compelling copper system in early 2026."
• Terry Salman, Chairman: "I'm delighted to have my friend Michael Gentile as a major shareholder in the company. He's one of Canada's leading investors in the junior mining space and is highly respected."