Meryllion arranges minimum $1-million private placement

Executive Summary

• Meryllion Resources Corp. announced a non-brokered private placement of units priced at $0.05 per unit, with minimum gross proceeds of $1,000,000 and maximum gross proceeds of $2,175,000.
• The offering includes common shares and warrants, with proceeds designated for exploration, development, and working capital.
• The company simultaneously entered into a financial advisory agreement with the exclusive finder, Research Capital Corp., involving cash and share compensation.

Key Details

• Financing Structure: Non-brokered private placement of units, each consisting of one common share and one common share purchase warrant.
• Pricing: $0.05 per unit.
• Volume and Proceeds: Minimum of 20 million units for $1,000,000; maximum of 43.5 million units for $2,175,000.
• Warrant Terms: Each unit includes one warrant exercisable into one common share at $0.07 per share. Warrants become exercisable on the 62nd day after issuance and remain valid for 36 months.
• Regulatory Exemption: Offered under the Listed Issuer Financing Exemption (NI 45-106) for residents of all Canadian provinces except Quebec. No hold period applies to the issued securities.
• Finder Compensation (Research Capital Corp.):
  • Cash fee of 8% of gross proceeds from subscribers introduced by the finder.
  • Finder warrants equal to 8% of the number of units sold to introduced investors, exercisable at $0.07 per share for 36 months.
• Advisory Agreement:
  • Entered into on March 11, 2026, with Research Capital Corp.
  • Term: 60 days.
  • Compensation: $25,000 cash fee plus applicable taxes, and 500,000 common shares (subject to CSE approval).
  • Hold Period: The advisory shares are subject to a hold period expiring four months and one day from issuance.
• Use of Proceeds: Financing exploration and development costs and working capital purposes.
• Closing: Initial closing expected on or about March 27, 2026, subject to CSE and regulatory approvals.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.