Auric Minerals arranges new LIFE offering

Executive Summary

• Auric Minerals Corp. is launching a new non-brokered private placement (LIFE offering) to replace its expired prior offering, targeting gross proceeds between $1.5 million and $2.0 million.
• The company plans to settle $288,000 in past consulting and legal obligations by issuing 1,028,570 common shares at a deemed price of $0.28 per share, including a related-party transaction involving CEO Chris Huggins.
• The offering is expected to close around April 30, 2026, subject to CSE approval and customary regulatory conditions, with specific warrant terms and finder's fee structures outlined.

Key Details

• Offering Structure: Non-brokered private placement under the listed issuer financing exemption (NI 45-106 Part 5A).
• Pricing & Proceeds: 21 cents per unit; minimum 7,142,857 units ($1.5M gross proceeds); maximum 9,523,810 units ($2.0M gross proceeds).
• Warrant Terms: Each unit includes one common share purchase warrant exercisable at $0.30 per share for a 24-month period from issuance.
• Finder's Fees: Up to 6% of gross proceeds payable in cash and/or up to 6% of the aggregate number of units issued as non-transferable warrants to finders introducing investors.
• Regulatory & Hold Periods: Offered in all Canadian provinces except Quebec; no hold period for Canadian resident subscribers per CSE rules; 4-month hold period applies to insiders and certain consultants.
• Expected Close: On or about April 30, 2026, or within 45 days of the release, subject to CSE approval and customary conditions.
• Debt Settlement Terms: Issuance of 1,028,570 common shares at a deemed price of $0.28/share to settle $288,000 in past consulting and legal fees (excluding GST).
• Debt Share Hold Period: 4-month statutory hold period following the closing of the debt settlements.
• Related-Party Transaction: CEO Chris Huggins participating via a company he owns for 53,571 shares. The company relies on MI 61-101 Sections 5.5(b) (issuer not listed on specified markets) and 5.7(b) (fair market value ≤ $2.5M) exemptions from formal valuation and minority shareholder approval requirements.
• Investor Documentation: Offering document available on SEDAR+ and the company website; investors advised to review prior to making investment decisions.