McLaren completes final closing of private placement

Executive Summary

• McLaren Resources Inc. has completed the final closing of a non-brokered private placement financing, raising gross proceeds of $662,500.
• The company issued an additional 1.6 million common share units, bringing the total units issued in this financing round to 13.25 million (including 11.65 million previously reported).
• Proceeds are designated for general working capital, specifically to fund exploration activities on the company's gold properties in the Timmins region of Ontario.

Key Details

• Gross Proceeds: $662,500 total raised.
• Units Issued: 1.6 million additional common share units (in addition to the 11.65 million units reported on March 5, 2026).
• Price Per Unit: $0.05 per unit.
• Warrant Terms: Each unit includes one common share purchase warrant exercisable at $0.10 per common share.
• Warrant Expiration: 24 months from the date of issuance.
• Finder's Fees: $5,600 paid to Ventum Financial Inc. and $800 paid to Stephen Avenue Securities Inc.
• Use of Proceeds: General working capital, including exploration work on properties in the Timmins gold region of Northeastern Ontario, Canada.
• Property Portfolio: 100% interest in the Blue Quartz gold mine (640 hectares), McCool gold property (1,770 hectares), and Kerrs gold property (775 hectares), located approximately 80 km east of Timmins.

Notable Quotes

• None provided in the text.