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Financings

BTU Announces Closing of Over Subscribed Flow Through Financing

By The Northwire Desk — AI Analysis Nov 24, 2025 · 17:25 BTU · 0.045 BTU Metals Corp.
BTU · Price

Executive Summary

  • BTU Metals Corp. closed its oversubscribed non‑brokered private placement of flow‑through common shares, issuing 17,700,000 FT shares at $0.05 each for gross proceeds of $885,000.
  • Each unit includes one common share (flow‑through) and half a warrant to purchase an additional common share at $0.09 for 12 months; finder warrants were also issued.
  • The financing is subject to TSX Venture Exchange approval and carries a statutory hold period of four months plus one day.

Key Details

  • Offering Size: 17,700,000 flow‑through shares sold at $0.05 per share.
  • Gross Proceeds: $885,000.
  • Unit Composition: 1 common share (flow‑through) + ½ of a non‑flow‑through common share purchase warrant.
  • Warrant Terms: Whole warrants allow acquisition of one BTU common share at $0.09 per share; exercisable for 12 months after closing.
  • Finder Compensation: $58,450 cash plus 1,106,000 non‑transferable common share purchase warrants (exercise price $0.05, 12‑month term).
  • Regulatory Conditions: Closing pending TSX Venture Exchange approval; all securities subject to a statutory hold period expiring four months and one day from issuance.
  • CEO Comment: “The overwhelming response for this financing demonstrates strong market support for BTU's portfolio of Ontario‑based exploration projects…” – Paul Wood, CEO.

Notable Quotes

“The overwhelming response for this financing demonstrates strong market support for BTU's portfolio of Ontario‑based exploration projects in both the prolific Red Lake and Wawa mining districts,” — Paul Wood, CEO.

Read the original news release →

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