Auric Minerals arranges minimum $600k LIFE offering

Executive Summary

• Auric Minerals Corp. announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE), targeting gross proceeds between $600,000 and $1.2 million.
• The offering will consist of 2.4 million to 4.8 million units priced at $0.25 per unit, with each unit comprising one common share and one common share purchase warrant.
• The company clarified the extended hold period for securities previously issued in connection with the Bellview property acquisition, tying the release of trading restrictions to the filing of a technical report and unaudited interim financial statements.

Key Details

• Offering Structure: Non-brokered private placement pursuant to NI 45-106 (LIFE exemption) and Coordinated Blanket Order 45-935.
• Unit Quantity: Minimum 2.4 million units, maximum 4.8 million units.
• Price per Unit: $0.25.
• Gross Proceeds: Minimum $600,000, maximum $1.2 million.
• Unit Composition: Each unit includes one common share and one common share purchase warrant.
• Warrant Terms: Exercise price of $0.33 per share; exercisable for 24 months, commencing 60 days following the closing date.
• Finder's Compensation: Up to 6% of gross proceeds in cash and up to 6% of the aggregate number of units issued in non-transferable warrants.
• Regulatory Jurisdiction: Offered in all Canadian provinces except Quebec.
• Hold Periods: Canadian resident subscribers are exempt from hold periods under applicable Canadian securities laws; insiders and certain consultants participating in the offering are subject to a four-month hold period per CSE policies.
• Expected Closing: On or about Feb. 27, 2026, or within 45 days of the release, subject to CSE approval and customary conditions.
• Prior Issuance Clarification (Bellview Property Acquisition): 22 million shares and 8 million warrants issued for the Bellview property acquisition carry an extended hold legend. Trading may resume 10 days after the later of: (i) filing of a Form 43-101F1 technical report for the acquired properties, or (ii) filing of the unaudited interim financial statements for the period ended Jan. 31, 2026, disclosing the acquisition details.
• Offering Document: Available under the company's SEDAR+ profile and website; investors advised to review prior to making an investment decision.