IDEX Metals Announces Upsize of Non-Brokered Private Placement of Units

Executive Summary

• IDEX Metals Corp. upsized its previously announced non‑brokered private placement from $2 M to up to $5.32 M due to strong market demand.
• The offering will consist of up to 8,867,500 units at $0.60 per unit, each unit containing one common share and half a warrant (full warrant exercisable at $0.90 for 24 months).
• Proceeds are earmarked for exploration activities on IDEX’s Idaho mineral properties and general working capital.

Key Details

• Offering Size: Increased to a maximum of $5,320,500 in gross proceeds.
• Units Offered: Up to 8,867,500 units at $0.60 per unit.
• Unit Composition:
• 1 common share of IDEX Metals Corp.
• ½ of a share purchase warrant (full warrant exercisable for one additional share).
• Warrant Terms: Exercise price $0.90 per share; exercisable for 24 months from the closing date.
• Closing Structure: Multiple closings possible as subscriptions are received; each closing subject to customary conditions, including TSXV approval and required corporate/regulatory approvals.
• Finder’s Fee: Company may pay a finder’s fee within limits permitted by TSX Venture Exchange policies.
• Hold Period: Securities issued will be subject to a hold period expiring four months and one day after the closing date.
• Use of Proceeds: Dedicated to exploration of Idaho mineral properties (including the Freeze Copper‑Gold porphyry prospect) and for general working capital.
• Regulatory Notes: Offering is exempt from prospectus requirements in Canada; securities are not registered under U.S. securities laws and may not be offered or sold in the United States to U.S. persons absent an exemption.

Notable Quotes

(No direct quotes were provided in the release.)