High Tide increases private placement to $7.57-million

Executive Summary

• High Tide Resources Corp. is amending the terms of its non-brokered private placement originally announced on February 5, 2025, to increase the size of the offering.
• The amended offering involves the issuance of LIFE HD units at 20 cents and Charity Flow-Through (CFT) units at 27 cents.
• The transaction targets minimum gross proceeds of $6,225,000 and maximum gross proceeds of up to $7,575,000.

Key Details

• Offering Structure:
  • LIFE HD Units: Priced at $0.20 per unit. Consists of one common share and one-half of one common share purchase warrant.
  • CFT Units: Priced at $0.27 per unit. Consists of one flow-through share (under Subsection 66(15) of the Income Tax Act) and one-half of one warrant.
• Quantities and Proceeds:
  • Minimum of 7.5 million LIFE HD units.
  • Minimum of 17.5 million CFT units.
  • Minimum aggregate gross proceeds: $6,225,000.
  • Maximum aggregate gross proceeds: $7,575,000.
• Warrant Terms:
  • Each LIFE HD unit includes a warrant exercisable at $0.30 per share for 24 months.
  • Each CFT unit includes a warrant (terms implied similar to LIFE or standard, but text specifies "one-half of one warrant" for CFT without explicit exercise price in the snippet, though LIFE warrants are defined). Re-reading: "Each CFT unit will consist of one common share... and one-half of one warrant." It does not explicitly state the exercise price for the CFT warrant in the provided text, only for the LIFE warrant. I will stick to what is explicitly stated.
• Use of Proceeds:
  • CFT Proceeds: To be used for Canadian exploration expenses (drill program, metallurgical testwork, environmental baseline study) at the Labrador West iron project. Qualifying expenditures to be renounced to purchasers by Dec 31, 2026, with expenses incurred prior to Dec 31, 2027.
  • LIFE HD and Non-LIFE Proceeds: General corporate and working capital purposes.
• Finder Compensation:
  • Cash commission of up to 7% of gross proceeds.
  • Finder warrants equal to up to 7% of the number of offered securities sold.
  • Finder warrants entitle holder to acquire one non-LIFE unit at $0.20 for 24 months from closing.
• Regulatory and Legal:
  • Offered under Listed Issuer Financing Exemption (NI 45-106) for LIFE units.
  • Other prospectus exemptions for non-LIFE units.
  • Hold periods: Common shares in LIFE HD and CFT units have no hold period. Common shares in non-LIFE units, warrants, and warrant shares issued prior to four months from issuance are subject to a four-month-and-one-day hold period.
• Closing: Expected on or about March 4, 2026, subject to regulatory approvals.
• Finder: PowerOne Capital Markets Ltd. acted as finder for a portion of the offering.

Notable Quotes

• None provided in the text.