Trailbreaker increases private placement to $3.5M

Executive Summary

• Trailbreaker Resources Ltd. has increased its non-brokered private placement offering from $3 million to $3.5 million due to oversubscription.
• The financing consists of two tranches of flow-through units: Critical Mineral Tax Credit Flow-Through Units (CMETC FT) and standard Flow-Through Units (FT), raising a total of $1.4 million and $2.1 million respectively.
• Proceeds will be used to fund eligible Canadian exploration expenses and critical mineral mining expenditures on the company's properties in British Columbia, with expenditures to be incurred by December 31, 2027.

Key Details

• Total Gross Proceeds: Increased to $3.5 million (from an initial $3 million).
• Tranche 1: CMETC FT Units
  • Quantity: Up to 2.5 million units.
  • Price: 56 cents per unit.
  • Gross Proceeds: Up to $1.4 million.
  • Composition: Each unit consists of one CMETC FT common share and one-half of a common share purchase warrant.
  • Warrant Terms: Each full warrant is exercisable at 50 cents for 24 months from the date of issue for one non-flow-through common share.
  • Tax Status: Qualifies as a flow-through share under Subsection 66(15) of the Income Tax Act (Canada) and as B.C. flow-through mining expenditures for eligible B.C. purchasers.
• Tranche 2: FT Units
  • Quantity: Up to 4.2 million units.
  • Price: 50 cents per unit.
  • Gross Proceeds: Up to $2.1 million.
  • Composition: Each unit consists of one FT common share and one-half of a common share purchase warrant.
  • Warrant Terms: Each full warrant is exercisable at 50 cents for 24 months from the date of issue for one non-flow-through common share.
  • Tax Status: Qualifies as a flow-through share under Subsection 66(15) of the Income Tax Act (Canada) and as B.C. flow-through mining expenditures for eligible B.C. purchasers.
• Use of Proceeds: To incur eligible Canadian exploration expenses and flow-through mining/critical mineral mining expenditures on the company's properties in British BC.
• Expenditure Timeline: Qualifying expenditures will be incurred on or before December 31, 2027, and renounced to initial purchasers effective December 31, 2026.
• Hold Period: All units are subject to a hold period in Canada of four months plus one day from closing.
• Regulatory Status: Subject to TSX Venture Exchange acceptance.