Eagleone hires market-maker, arranges $240K placement

Executive Summary

• Eagleone Metals Corp. announced a non-brokered private placement of up to 400,000 units at $0.60 per unit, raising up to $240,000 in gross proceeds.
• The company simultaneously signed a market-making agreement with Venture Liquidity Providers Inc. to improve liquidity on the Canadian Securities Exchange (CSE), effective February 17, 2026.
• Proceeds from the financing are designated for property agreement payments, marketing, and general working capital.

Key Details

• Financing Structure:
  • Type: Non-brokered private placement.
  • Units: Up to 400,000 units.
  • Price: $0.60 per unit.
  • Gross Proceeds: Up to $240,000.
  • Composition: Each unit consists of one common share and one-half of one share purchase warrant.
  • Warrant Terms: Each full warrant entitles the holder to acquire one additional share at an exercise price of $0.80.
  • Warrant Expiry: Two years from closing, subject to acceleration if the common share trading price equals or exceeds $1.00 for five consecutive trading days.
  • Use of Proceeds: Property agreement payments, marketing, and general working capital.
  • Hold Period: Securities are subject to a hold period of four months and one day from the closing date under Canadian securities laws.
  • Regulatory Status: Subject to acceptance by the CSE.
  • Insider Participation: Insiders may participate; exempt from formal valuation and minority shareholder approval requirements under MI 61-101 as the purchase does not exceed 25% of market capitalization.
• Market Making Agreement:
  • Counterparty: Venture Liquidity Providers Inc. (VLP).
  • Effective Date: February 17, 2026.
  • Term: Initial term of three months, automatically extending for successive one-month terms unless terminated by notice.
  • Compensation: $5,000 per month paid by Eagleone to VLP.
  • Capital Source: Capital used for market making is provided solely by VLP; no shares, options, or other securities are issued as compensation.
  • Relationship: VLP and Eagleone are unaffiliated entities.

Notable Quotes

• None provided in the text.