Molten Metals closes $1.03-million private placement

Executive Summary

• Molten Metals Corp. has closed its previously announced non-brokered private placement offering, raising total gross proceeds of $1,033,500.
• The company issued 4,134,000 units at a price of $0.25 per unit, with each unit consisting of one common share and one common share purchase warrant.
• Net proceeds are designated for general working capital, mineral property exploration, and marketing/advertising activities.

Key Details

• Gross Proceeds: $1,033,500
• Units Issued: 4,134,000 LIFE units
• Price Per Unit: $0.25
• Unit Composition: Each LIFE unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to acquire one common share.
  • Exercise Price: $0.40 per share.
  • Term: 24 months from the date of issuance.
  • Exercisability: Begins 60 days following the closing date.
• Hold Period: The common shares issued are not subject to a hold period under applicable Canadian securities legislation.
• Finders' Fees:
  • Cash fees paid: $65,765.
  • Warrants issued to finders: 263,060 share purchase warrants (same terms as investor warrants).
• Use of Proceeds: General working capital, mineral property exploration activities and expenditures, and marketing and advertising.
• Regulatory Basis: Listed issuer financing exemption under Part 5A of National Instrument 45-106 as amended by Coordinated Blanket Order 45-935.