Inflection Resources closes $3.34-million financing

Executive Summary

• Inflection Resources Ltd. has completed an oversubscribed, non-brokered private placement, raising gross proceeds of $3,345,000.
• The offering consisted of 13.38 million units priced at $0.25 per unit, with each unit comprising one common share and one-half of a share purchase warrant.
• Proceeds will be directed toward exploration drilling on the company's 100%-owned Australian projects, with additional details disclosed regarding insider participation, finders' compensation, and trading restrictions.

Key Details

• Gross Proceeds: $3,345,000
• Units Issued: 13.38 million units
• Price per Unit: $0.25
• Warrant Terms: Each unit includes 1/2 warrant; each whole warrant is exercisable into one additional common share at an exercise price of $0.40 for a term of 24 months
• Use of Proceeds: Primarily allocated to exploration drilling on the company's 100%-owned projects in the Northern Territory and New South Wales, Australia
• Insider Participation: An insider purchased 30,000 units, constituting a related party transaction under Multilateral Instrument 61-101; the company relied on exemptions from formal valuation and minority shareholder approval requirements as the related party participation is less than 25% of current market capitalization
• Finders' Compensation: Cash fees of $136,975 and 547,900 finders' warrants (exercisable at $0.40 per common share for a 24-month term) were paid on a portion of the offering
• Trading Restrictions: All securities issued in the offering are restricted from trading until July 19, 2026
• Offering Structure: Non-brokered private placement, completed due to strong investor demand and oversubscription