Goldstorm Metals arranges $4-million private placement

Executive Summary

• Goldstorm Metals Corp. has announced a non-brokered private placement for aggregate gross proceeds of up to $4,000,000.
• The offering consists of three types of units: hard-dollar units, flow-through units, and charity flow-through units, with varying prices and warrant structures.
• Proceeds from flow-through and charity flow-through units are designated for Canadian exploration expenses and flow-through mining expenditures, while net proceeds will support general and administrative working capital.

Key Details

• Aggregate Gross Proceeds: Up to $4,000,000.
• Unit Structure and Pricing:
  • Hard-Dollar Units: Priced at $0.20 per unit. Each unit comprises one common share and one-half of one common share purchase warrant.
  • Flow-Through Units: Priced at $0.24 per unit. Each unit comprises one common share (flow-through share) and one-half of one warrant (non-flow-through basis).
  • Charity Flow-Through Units: Priced at $0.31 per unit. Each unit comprises one common share (flow-through share) and one-half of one warrant (non-flow-through basis).
• Warrant Terms:
  • Each warrant entitles the holder to purchase one common share at an exercise price of $0.30 per share.
  • Warrants are exercisable for a period of 36 months following the closing of the offering.
• Use of Proceeds:
  • Flow-Through/Charity Flow-Through Proceeds: To be used for Canadian exploration expenses (as defined in Subsection 66.1(6) of the Income Tax Act) and flow-through mining expenditures (including critical mineral and British Columbia flow-through mining expenditures). These expenses will be incurred on or before December 31, 2027, and renounced with an effective date no later than December 31, 2026.
  • Net Proceeds: To be used for general and administrative working capital and other corporate purposes.
• Closing and Conditions:
  • Expected to close on or about the week of April 30, 2026.
  • Subject to TSX Venture Exchange approval and other customary conditions.
• Finder’s Fees:
  • Research Capital Corp. is acting as a finder.
  • Cash fee: 6.0% of gross proceeds raised from investors introduced by finders.
  • Finder Warrants: Non-transferable warrants equal to 6.0% of the number of units sold to investors introduced by finders. These warrants allow the acquisition of one hard-dollar unit at $0.20 per unit for 36 months post-closing.
• Regulatory Exemption:
  • Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106.
  • Available to purchasers in all Canadian provinces (except Quebec), the United States, and certain foreign jurisdictions.
  • No hold period applies to units offered under this exemption.

Notable Quotes

• None provided in the text.