Melkior Resources arranges $650,000 private placement

Executive Summary

• Melkior Resources Inc. announced a proposed non-brokered private placement to raise up to $650,000 in gross proceeds.
• The company intends to issue up to 5,416,666 flow-through (FT) common shares, packaged within units, priced at 12 cents per FT unit.
• Proceeds will be used for Canadian exploration expenses qualifying as flow-through mining expenditures, with potential participation from directors and officers.

Key Details

• Transaction Type: Non-brokered private placement of flow-through units.
• Gross Proceeds: Up to $650,000.
• Units Issued: Up to 5,416,666 FT units.
• Price: 12 cents per FT unit.
• Unit Composition: Each FT unit consists of one FT share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of 20 cents per warrant share.
• Warrant Expiry: Two years from the date of issuance.
• Use of Proceeds: Incurring Canadian exploration expenses that qualify as flow-through mining expenditures related to the company's mineral properties.
• Regulatory Status: FT shares qualify as flow-through shares under Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Quebec Tax Act.
• Hold Period: All securities are subject to a four-month statutory hold period following closing.
• Related-Party Transactions: Certain directors and officers may participate; this constitutes a related-party transaction exempt from specific valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.
• Finder’s Fees: The company may pay finder’s fees to eligible arm’s-length finders in accordance with TSX Venture Exchange policies.