Phenom Closes $704,000 Private Placement Financing with Strategic Investors

Executive Summary

• Phenom Resources Corp. closed a fully‑subscribed non‑brokered private placement of 4,400,000 Units at $0.16 per Unit, generating gross proceeds of $704,000.
• The placement was heavily supported by major shareholders: Robert Kopple (via KF Business Ventures LP) subscribed for 3,000,000 units and Eric Muscinski for 700,000 units.
• Proceeds are earmarked for exploration work programs on the Company’s properties and general working capital; each Unit includes a common share and a warrant exercisable at $0.22 until October 3 2029.

Key Details

• Units Issued: 4,400,000 (each consisting of 1 common share + 1 transferable warrant).
• Price per Unit: $0.16.
• Gross Proceeds: $704,000.
• Major Subscribers:
• Robert Kopple / KF Business Ventures LP – 3,000,000 units.
• Eric Muscinski (largest shareholder) – 700,000 units.
• Warrant Terms: Exercise price $0.22 per share; exercisable any time before 5:00 p.m. Vancouver time on October 3 2029 (fourth anniversary of issuance).
• Hold Period: All securities subject to a hold period expiring February 4 2026, per TSX Venture Exchange rules.
• Use of Proceeds: Funding exploration work programs on Phenom’s properties and providing general working capital.
• Regulatory Status: Offering remains subject to final acceptance by the TSX Venture Exchange; no finder's fees payable.

Notable Quotes

“I would like to thank Bob Kopple and Eric Muschinski for their significant support in this financing. To them, and to all of our shareholders, we thank you for your continuing support.” – Paul Cowley, President & CEO

All boilerplate, forward‑looking statements, and disclaimer language have been omitted for brevity.