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Financings

Salazar closes $1.43-million private placement

By The Northwire Desk — AI Analysis Dec 22, 2025 · 13:46 SRL · 0.22 Salazar Resources Limited
SRL · Price

Executive Summary

  • Salazar Resources Ltd. has closed a non-brokered private placement, raising gross proceeds of $1,430,498.
  • The company issued 11,003,830 common shares at a price of $0.13 per share, with net proceeds allocated to resource property costs and general working capital.
  • The transaction involved insider participation and the issuance of finder warrants, with all securities subject to a four-month hold period pending TSX Venture Exchange approval.

Key Details

  • Gross Proceeds: $1,430,498
  • Net Proceeds: Not explicitly stated, but gross proceeds minus $15,600 in cash finders' fees.
  • Shares Issued: 11,003,830 common shares
  • Price Per Share: $0.13
  • Finders' Fees: $15,600 in cash plus 120,000 finder warrants.
  • Finder Warrant Terms: Each warrant entitles the holder to purchase one common share at $0.13 per share for a period of two years from closing.
  • Use of Proceeds: Financing costs on the company's resource properties and general working capital purposes.
  • Hold Period: Four months for all securities issued, subject to regulatory approvals including TSX Venture Exchange acceptance.
  • Insider Participation: Insiders purchased an aggregate of 839,600 shares. This constituted a related party transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the value did not exceed 25% of market capitalization.
  • Investor Relations Agreement: The company entered into a three-month agreement (commencing January 2026) with Baystreet.ca Media Corp. for investor relations and marketing services.
  • IR Compensation: $20,000 per month in cash; no securities issued for this service.
  • Regulatory Status: The financing and the IR agreement are subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

  • None provided in the text.
Read the original news release →

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