Fidelity Minerals Announces Closing of First Tranche of Non-Brokered Private Placement Financing

Executive Summary

• Fidelity Minerals closed the first tranche of its non‑brokered private placement, issuing 13,500,000 units at CAD $0.10 per unit for gross proceeds of CAD $1,350,000.
• A strategic investor purchased 3,500,000 units; the remaining 1,500,000 units are expected to be sold in a second tranche pending TSX‑V approval.
• Net proceeds will be used to advance Peruvian exploration projects, community relations programs, and general corporate working capital.

Key Details

• Units Issued (First Tranche): 13,500,000 units at CAD $0.10 per unit → CAD $1,350,000 gross proceeds.
• Unit Composition: Each unit = 1 common share + ½ transferable common share purchase warrant (full warrant exercisable for one additional share at $0.20 until Oct 7 2027).
• Strategic Investor Commitment: Purchased 3,500,000 units; expected to purchase the remaining 1,500,000 units in a second tranche after TSX‑V approval.
• Finder’s Fees & Warrants: Paid cash finder’s fees of CAD $33,775 and issued 337,750 finder’s warrants (exercisable at $0.20 per share until Oct 7 2027).
• Hold Period: Securities subject to a four‑month hold period expiring on Feb 8 2026.
• Related Party Subscription: Lions Bay Capital Inc. (Control Person) subscribed for 3,325,000 units; transaction qualifies as a related‑party exemption under MI 61‑101.
• Use of Proceeds: Net proceeds earmarked for advancing Peruvian exploration and community relations programs, plus corporate working capital.
• Regulatory Disclaimer: Securities not registered in the U.S.; offering limited to compliance with applicable securities laws.

Notable Quotes

• Ian Graham, CEO and Director: “The successful close of this financing tranche provides us with essential capital to accelerate our exploration activities in Peru and strengthen our community engagement initiatives.”