McLaren Resources Completes Financing

Executive Summary

• McLaren Resources Inc. completed the final closing of a non‑brokered private placement, raising total gross proceeds of $662,500.
• The company issued an additional 1,600,000 Common Share Units at $0.05 per unit, each unit consisting of one common share and one warrant exercisable at $0.10 for 24 months.
• Proceeds will be used for general working capital, primarily to fund exploration activities on its Timmins Gold Region properties.

Key Details

• Total gross proceeds: $662,500 (including prior $11,650,000 Units reported on March 5, 2026).
• Units issued in final closing: 1,600,000 Common Share Units at $0.05 per unit.
• Unit composition: 1 common share + 1 warrant to purchase one common share at $0.10 for 24 months from issuance date.
• Finder’s fees paid: $5,600 to Ventum Financial Inc.; $800 to Stephen Avenue Securities Inc.
• Use of proceeds: General working capital, including exploration work on the Blue Quartz Gold Mine (640 ha), McCool gold property (1,770 ha), and Kerrs gold property (775 ha) in the Timmins Gold Region, Northeastern Ontario.

Notable Quotes

(No direct quotes were provided in the release.)