Aeonian Resources extends financing, appoints CFO

Executive Summary

• Aeonian Resources Corp. has extended the closing date of its previously announced non-brokered private placement to December 19, 2025, subject to TSX Venture Exchange approval.
• The private placement involves up to 30 million flow-through (FT) units at $0.05 per unit and up to 12.5 million non-flow-through (NFT) units at $0.04 per unit, targeting gross proceeds of up to $2 million.
• The company announced a change in senior management, with Dan Martino appointed as Chief Financial Officer, replacing Andrea Yuan.

Key Details

• Financing Structure:
  • Flow-Through (FT) Units: Up to 30 million units at $0.05 per unit.
  • Non-Flow-Through (NFT) Units: Up to 12.5 million units at $0.04 per unit.
  • Gross Proceeds: Up to $2 million.
  • Closing Date: December 19, 2025 (extended from previous date).
• Unit Composition & Warrants:
  • NFT Units: Each consists of one common share and one common share purchase warrant.
  • NFT Warrants: Entitle holder to purchase one common share at an exercise price of $0.07 for a period of 24 months from issuance.
  • FT Units: Each consists of one common share and one-half of one common share purchase warrant.
  • FT Warrants: Entitle holder to purchase one common share at an exercise price of $0.07 for a period of 24 months from issuance.
• Use of Proceeds:
  • FT Shares: Intended to qualify as flow-through shares under the Income Tax Act (Canada); proceeds to incur Canadian exploration expenses intended to qualify as flow-through mining expenditures, which the company intends to renounce to purchasers.
  • NFT Shares: Proceeds to be used for general working capital.
  • General: Proceeds will advance exploration activities and continue unlocking value at the Koocanusa property in British Columbia.
• Regulatory & Conditions:
  • Completion is subject to customary conditions, including regulatory approvals.
  • Finders' fees may be paid.
  • All securities issued are subject to a statutory hold period of four months and one day from the closing date.
• Management Change:
  • New CFO: Dan Martino (CPA, CA) joins effective immediately.
  • Previous CFO: Andrea Yuan (replaced; instrumental in guiding the team through the RTO process).
  • CFO Background: 15 years of experience, currently providing CFO and financial reporting consulting services through DBM CPA Inc. to companies listed on Canadian stock exchanges in clean technology and mineral resource sectors. Previously spent several years in assurance services for public companies at Davidson & Company LLP. Holds a BBA from Simon Fraser University (2010) and CPA, CA designation (2013).

Notable Quotes

• None explicitly quoted in the text provided.