Finex Metals arranges $1.5-million private placement

Executive Summary

• Finex Metals Ltd. has announced a non-brokered private placement to raise up to C$1,500,000.
• The company will issue up to 12.5 million units at a price of 12 cents per unit, with proceeds designated for exploration in Finland and general working capital.
• Each unit includes one common share and one-half of a share purchase warrant, exercisable at 18 cents for 24 months.

Key Details

• Gross Proceeds: Up to C$1,500,000.
• Unit Price: 12 cents per unit.
• Units Issued: Up to 12.5 million units.
• Unit Composition: Each unit consists of one common share and one-half of a share purchase warrant.
• Warrant Terms: Each whole warrant is exercisable into one additional common share at an exercise price of 18 cents.
• Warrant Expiry: 24 months from closing.
• Use of Proceeds: Exploration activities on 100%-owned projects in Finland and general working capital.
• Hold Period: All securities are subject to a statutory hold period of four months and one day.
• Regulatory Approval: Subject to approval by the TSX Venture Exchange (TSX-V).
• Related Party Transaction: Directors and officers may participate in the offering; this is considered a related party transaction under Multilateral Instrument 61-101 but is expected to be exempt from formal valuation and minority shareholder approval requirements.
• Finder's Fees: May be paid in accordance with TSX-V policies.