Anteros Metals arranges $200,000 private placement

Executive Summary

• Anteros Metals Inc. announced a non-brokered private placement to raise up to $200,000 in aggregate gross proceeds.
• The offering consists of up to 833,334 flow-through units at $0.12 per unit and up to 1,111,111 hard dollar units at $0.09 per unit.
• Proceeds will be allocated to general working capital and qualifying Canadian exploration expenses for critical minerals, with all securities subject to a standard statutory hold period.

Key Details

• Flow-Through Units: Up to 833,334 units priced at $0.12 per unit; each comprises one common share (issued on a flow-through basis) and 0.5 common share purchase warrant (non-flow-through basis).
• Hard Dollar Units: Up to 1,111,111 units priced at $0.09 per unit; each comprises one common share and 0.5 common share purchase warrant.
• Aggregate Gross Proceeds: Up to $200,000.
• Warrant Exercise Price: $0.15 per common share.
• Warrant Term: 24 months from the date of issuance.
• Warrant Acceleration Clause: If the common shares trade above $0.15 for 10 consecutive trading days (starting 4 months and 1 day after issuance), the company may accelerate the warrant expiration to 30 business days following a press release announcing the reduced term.
• Hold Period: Four months plus one day from the date of issuance for all issued securities.
• Use of Proceeds: Net proceeds designated for general working capital; gross proceeds from flow-through shares designated for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures under the Income Tax Act (Canada).
• Regulatory Conditions: Closing is subject to customary conditions, including receipt of all necessary regulatory approvals and Canadian Securities Exchange approval.
• Tax Benefits: Flow-through shares qualify under Subsection 66(15) of the Income Tax Act (Canada) for the Canadian government's Critical Mineral Exploration Tax credit.