Trailbreaker Resources arranges financing for up to $3M

Executive Summary

• Trailbreaker Resources Ltd. has arranged a non-brokered structured private placement offering up to $3 million in gross proceeds through the sale of flow-through units and CMETC flow-through units.
• The offering consists of two tranches: up to 2,142,857 CMETC FT units at 56 cents each (raising up to $1.2 million) and up to 3.6 million FT units at 50 cents each (raising up to $1.8 million).
• Proceeds will be used to incur eligible Canadian exploration expenses and B.C. flow-through mining expenditures on the company's properties in British Columbia, with qualifying expenditures to be incurred by December 31, 2027.

Key Details

• Total Gross Proceeds: Up to $3,000,000.
• Tranche 1 (CMETC FT Units):
  • Quantity: Up to 2,142,857 units.
  • Price: 56 cents per unit.
  • Gross Proceeds: Up to $1,200,000.
  • 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.
• Tranche 2 (FT Units):
  • Quantity: Up to 3,600,000 units.
  • Price: 50 cents per unit.
  • Gross Proceeds: Up to $1,800,000.
  • 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.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures (for FT units) and flow-through critical mineral mining expenditures (for CMETC FT units). For eligible British Columbia purchasers, expenditures qualify as B.C. flow-through mining expenditures.
• Expenditure Timeline: Qualifying expenditures will be incurred on or before December 31, 2027.
• Renunciation Date: Expenditures to be renounced to initial purchasers effective December 31, 2026.
• Hold Period: Four months plus one day from closing for all FT and CMETC FT units issued.
• Regulatory Status: Subject to TSX Venture Exchange acceptance.