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

NBRK · Price
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.)
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Jun 30, 2026 · 09:42