Nuclear Vision increases financing to $6-million

Executive Summary

• Nuclear Vision Ltd. upsized its private placement to up to 24 million units, targeting gross proceeds of up to $6 million at $0.25 per unit.
• The offering includes one common share plus half a warrant per unit; warrants have tiered exercise prices (​$0.375 for the first 12 months, $0.50 thereafter).
• Net proceeds will fund advancement of the Svabovce and Michalova manganese projects in Slovakia and general working capital.

Key Details

• Upsized Offering: Increased from a maximum of 20 million units to 24 million units.
• Pricing & Proceeds: Fixed price of $0.25 per unit, yielding gross proceeds up to $6 million.
• Investor Commitment: Eric Sprott (via 2176423 Ontario Ltd.) intends to purchase up to $2 million of units.
• Unit Composition: Each unit = 1 common share + ½ common‑share purchase warrant.
• Warrant Terms:
• Exercise price $0.375 per share if exercised within the first 12 months after closing.
• Exercise price $0.50 per share if exercised between 12 and 24 months after closing.
• Use of Proceeds:
• Advance the Svabovce manganese project (Slovakia).
• Advance the Michalova manganese project (Slovakia).
• General working capital.
• Holding Period: All securities subject to a statutory four‑month‑and‑one‑day hold period.
• Finders’ Fees: May be payable in connection with the offering per CSE policies.

Notable Quotes

(No direct quotes were provided in the release.)