Nuvau closes $13.97M first tranche of financing

Executive Summary

• Nuvau Minerals Inc. has closed the first tranche of its brokered private placement, issuing 17,471,250 units for gross proceeds of $13,977,000.
• The company anticipates closing a second and final tranche on or about March 6, 2026, which will include flow-through shares.
• Proceeds are designated for working capital, general corporate purposes, and exploration/development at the Matagami property.

Key Details

• Units Issued: 17,471,250 units.
• Issue Price: $0.80 per unit.
• Gross Proceeds: $13,977,000.
• Unit Composition: Each unit consists of one common share and one-half of one transferable common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at $1.30 per share until February 25, 2029.
• Use of Proceeds: Working capital, general corporate purposes, and completion of exploration and development activities at the Matagami property.
• Agents: Co-led by Clarus Securities Inc. and Integrity Capital Group Inc.
• Agent Compensation:
  • Cash commission of 6.0% of gross proceeds (reduced to 3.0% for sales to purchasers on a "president's list").
  • Non-transferable compensation options equal to 6.0% of aggregate units sold (reduced to 3.0% for president's list purchasers).
  • Options entitle holder to purchase one unit at the offering price until February 25, 2029.
• Second Tranche: Anticipated closing on or about March 6, 2026; will include additional units and common shares qualifying as flow-through shares under the Income Tax Act (Canada).
• Insider Participation: Directors subscribed for 237,500 units for gross proceeds of $190,000.
• Regulatory Exemptions: The company relied on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the insider transaction value is not more than 25% of the company's market capitalization.
• Hold Period: All securities are subject to a hold period expiring four months and one day from the date of the release.
• Exchange Approval: Offering remains subject to final acceptance of the TSX Venture Exchange.