Dinero Ventures arranges $335,000 private placement

Executive Summary

• Dinero Ventures Ltd. has closed a non-brokered private placement financing raising a total of $335,000 in gross proceeds.
• The financing consists of 2.85 million flow-through (FT) units and 500,000 non-flow-through (NFT) units, both priced at $0.10 per unit.
• Proceeds from the FT units are designated for eligible Canadian exploration expenses on the Mount Bisson project in British Columbia, qualifying for federal and provincial tax credits.

Key Details

• Total Gross Proceeds: $335,000 ($285,000 from FT units + $50,000 from NFT units).
• Flow-Through Units: 2.85 million units issued at $0.10 per unit.
• Non-Flow-Through Units: 500,000 units issued at $0.10 per unit.
• Warrant Terms: Each unit (FT and NFT) includes one common share purchase warrant. Warrants allow the purchase of one additional common share at $0.15 per share for a period of three years from issuance.
• Use of Proceeds: Gross proceeds from FT units to be used for eligible Canadian exploration expenses qualifying as critical mineral mining expenditures on the Mount Bisson project (Omineca mining division, British Columbia).
• Tax Credits: Expenditures renounced to FT subscribers with an effective date no later than Dec. 31, 2026. Eligible for a 30% federal critical mineral exploration tax credit and an additional 20% British Columbia mineral exploration tax credit for BC residents.
• Restrictions: All securities subject to a statutory hold period of four months and one day from issuance.
• Regulatory Status: Subject to necessary regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

• None provided in the text.