PTX Metals' Subsidiary, Green Canada Corporation Announces Closing of Private Placement

Executive Summary

• Green Canada Corporation closed the first tranche of its $500,000 private placement, issuing 2,369,230 common shares at $0.13 per share for gross proceeds of $308,000.
• The net proceeds are earmarked for general working capital and corporate purposes.
• PTX Metals granted 7,725,000 incentive stock options to directors, officers and consultants at an exercise price of $0.14 per share, with a statutory hold period and vesting conditions; 3,750,000 options expired during the prior year and January 2026.

Key Details

• Private Placement Closing: 2,369,230 common shares sold at $0.13 each → gross proceeds of $308,000.
• Statutory Hold Period: Shares subject to a four‑month‑plus‑one‑day hold period after the later of Jan 16 2026 (closing date) or the date GCC becomes a reporting issuer in any province/territory.
• Use of Proceeds: Expected to be applied to general working capital and corporate purposes.
• Incentive Stock Options Granted: 7,725,000 options at an exercise price of $0.14 per share, exercisable until Jan 19 2031, each also subject to a four‑month‑plus‑one‑day hold period and vesting conditions.
• Options Expired: 3,750,000 options expired during the year ending Dec 31 2025 and in January 2026.

Notable Quotes

(No direct quotes were provided in the release.)