Original News Release
Linear closes first tranche of private placement
Mr. Gurminder Sangha reports
LINEAR MINERALS CORP CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING
Linear Minerals Corp. has closed the first tranche of the non-brokered private placement previously announced on Dec. 10, 2025, for gross proceeds of up to $900,000. As part of the closing the first tranche, the company will issue three million flow-through common shares at a price of five cents per share for gross proceeds of $150,000. In addition, the company will issue three million hard-dollar units at a price of five cents per share and one common share purchase warrant for gross proceeds of $150,000. Each hard-dollar warrant entitles the holder to purchase one common share at a price of 25 cents for a period of one year from the issue date and will pay 6 per cent in cash finder's fee of $9,000.
Final closing of the private placement is subject to obtaining all required approvals, including from the Canadian Securities Exchange, and any other regulatory approval. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
The proceeds from the private placement will be used for general working capital and its further exploration efforts on its properties located in Quebec.
We seek Safe Harbor.
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