Linear arranges $900,000 private placement

Executive Summary

• Linear Minerals Corp. announced a proposed non-brokered private placement with total gross proceeds of up to $900,000.
• The financing is split into two tranches: $400,000 from flow-through common shares and $500,000 from hard-dollar common units.
• Proceeds are designated for general working capital and further exploration of properties in Quebec.

Key Details

• Total Gross Proceeds: Up to $900,000.
• Tranche 1 (Flow-Through Shares):
  • Quantity: Up to 8,000,000 flow-through common shares.
  • Price: $0.05 per share.
  • Gross Proceeds: $400,000.
• Tranche 2 (Hard-Dollar Units):
  • Quantity: 10,000,000 hard-dollar common units.
  • Price: $0.05 per unit.
  • Gross Proceeds: $500,000.
  • Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one common share.
  • Exercise Price: $0.25 per share.
  • Duration: One year from the issue date.
• Finder's Fee: 6% in cash paid to eligible finders, in accordance with Canadian Securities Exchange policies.
• Use of Proceeds: General working capital and further exploration of properties located in Quebec.
• Regulatory/Conditions: Closing is subject to obtaining all required approvals, including from the CSE and other regulatory bodies.
• Hold Period: All securities issued are subject to a four-month-plus-one-day hold period under applicable securities laws.