Azarga Metals arranges $500,000 private placement

Executive Summary

• Azarga Metals Corp. announced a non-brokered private placement of up to 3,703,703 units at $0.135 per unit, targeting gross proceeds of up to $500,000.
• The capital will fund an exploration program on the company’s 100%-owned Marg copper-rich volcanogenic massive sulphide project in the Yukon’s Keno Hill district, alongside general working capital.
• The offering includes warrants exercisable at $0.20 per share for two years, with expected insider participation and standard regulatory/exchange approvals pending.

Key Details

• Offering Size & Price: Up to 3,703,703 units at $0.135 per unit.
• Gross Proceeds: Up to $500,000.
• Unit Composition: Each unit consists of one common share and one-half of one share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at $0.20 per share, exercisable for two years from closing.
• Use of Proceeds: Exploration program on the Marg project (100%-owned high-grade copper-rich VMS property in the Keno Hill silver district, Yukon) and general working capital.
• Combined Financing: Proceeds will be combined with a $1,000,000 private placement closed on Feb. 11, 2026.
• Hold Period: Securities subject to a four-month-and-one-day hold period under applicable securities laws.
• Insider Participation & Regulatory Status: Insiders are expected to participate, potentially triggering related-party transaction rules under MI 61-101. The company relies on exemptions from formal valuation and minority shareholder approval requirements, as the insider transaction value is not expected to exceed 25% of market capitalization.
• Conditions: Subject to TSX Venture Exchange approval and other necessary regulatory approvals.
• Finders' Fees: May be payable, subject to TSXV acceptance.