New Break Announces $506,000 Non-Brokered Private Placement Offering of Flow-Through Shares

Executive Summary

• New Break Resources Ltd. announced a non‑brokered private placement for up to 1,405,000 flow‑through common shares at $0.36 per share, targeting gross proceeds of up to $505,800.
• Proceeds will be used to fund Canadian Exploration Expenses and the first phase of a 10,000+ metre 2026 drilling program at the Moray gold project in Ontario.
• The offering is subject to a statutory hold period of four months and one day; closing is expected on December 30, 2025, pending CSE approval and other conditions.

Key Details

• Offering size: Up to 1,405,000 flow‑through common shares (FT Shares).
• Price per share: $0.36 CAD.
• Maximum gross proceeds: $505,800 CAD.
• Use of proceeds:
• Renounce Canadian Exploration Expenses (CEE) to purchasers (effective ≤ Dec 31 2025).
• Finance the first phase of a planned 10,000+ metre drilling program at the Moray gold project in 2026.
• Holding period: Statutory hold of four months and one day per Canadian securities law.
• Closing date: Expected December 30, 2025, subject to CSE approval and other customary conditions.
• Finder’s fee: Up to 6% of gross proceeds may be paid to qualified finders who introduce investors.
• Regulatory notes: Offer not registered in the United States; U.S. persons must rely on applicable exemptions.

Notable Quotes

(No direct quotes were provided in the release.)