Inflection Resources arranges $2.5-million placement

Executive Summary

• Inflection Resources Ltd. announced a proposed non-brokered private placement to raise up to $2.5 million in gross proceeds.
• The offering will consist of up to 10 million units priced at $0.25 per unit, with each unit containing one common share and one-half of a share purchase warrant.
• Net proceeds will be allocated toward exploration drilling on the company's 100%-owned Australian projects and general working capital.

Key Details

• Gross Proceeds: Up to $2.5 million
• Units Offered: Up to 10,000,000 units
• Price Per Unit: $0.25
• Unit Composition: Each unit comprises one common share and one-half of a share purchase warrant
• Warrant Terms: Each whole warrant is exercisable into one additional common share at an exercise price of $0.40 per share for a term of 24 months
• Statutory Hold Period: 4 months and 1 day
• Use of Proceeds: Exploration drilling on 100%-owned projects in New South Wales and the Northern Territory, Australia; general working capital
• Brokerage Structure: Non-brokered private placement; finders' fees may be paid in accordance with Canadian Securities Exchange (CSE) policies
• Regulatory Approval: Offering is subject to CSE approval
• Related Party Participation: Directors and officers may participate in the offering; such participation is classified as a related party transaction under Multilateral Instrument 61-101 and is expected to be exempt from formal valuation and minority shareholder approval requirements