Molten Metals closes $300,000 private placement

Executive Summary

• Molten Metals Corp. has closed a non-brokered private placement of flow-through units, raising aggregate gross proceeds of $300,000.
• The company issued 600,000 Flow-Through (FT) units at a price of $0.50 per unit, with each unit comprising one common share and one-half of a common share purchase warrant.
• Proceeds are designated for eligible Canadian exploration expenses, which will be renounced to subscribers with an effective date no later than December 31, 2025.

Key Details

• Gross Proceeds: $300,000
• Units Issued: 600,000 FT units
• Price Per Unit: $0.50
• Unit Composition: Each FT unit consists of one common share (issued on a flow-through basis) and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.60 per share
  • Duration: 24 months from the date of issuance
  • Ratio: One warrant for every two units (0.5 warrant per unit)
• Finder's Fees:
  • Cash Fees: $21,000
  • Warrants: 42,000 finders' warrants (exercisable on the same terms as the investor warrants)
• Use of Proceeds: Incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures under the Income Tax Act (Canada).
• Renunciation Date: Effective date no later than December 31, 2025.
• Hold Period: Securities are subject to a statutory hold period of four months and one day.
• Regulatory Status: Subject to required regulatory approvals, including approval of the Canadian Securities Exchange.