Phenom closes $704,000 private placement

Executive Summary

• Phenom Resources Corp. closed a fully‑subscribed non‑brokered private placement, issuing 4.4 million units at C$0.16 per unit for gross proceeds of $704,000.
• Strategic investors Robert Kopple (KF Business Ventures LP) and Eric Muscinski subscribed for 3 M and 700 k units respectively.
• Proceeds will fund exploration work programs on Phenom’s properties and general working capital.

Key Details

• Units Issued: 4,400,000 units at C$0.16 per unit → Gross proceeds: $704,000.
• Subscription Breakdown:
• Robert Kopple (KF Business Ventures LP) – 3,000,000 units.
• Eric Muscinski (largest shareholder) – 700,000 units.
• Unit Composition: Each unit = one common share + one transferable share purchase warrant.
• Warrant Terms: Right to purchase one additional share at C$0.22 per share; exercisable any time before 5 p.m. Vancouver time on 3 Oct 2029 (fourth anniversary of issuance).
• Finders’ Fees: None payable in connection with the offering.
• Hold Period: All securities subject to a hold period expiring 4 Feb 2026, per TSX Venture Exchange policies and applicable securities laws.
• Use of Proceeds: Funding exploration work programs on Phenom’s properties and general working capital.
• Regulatory Condition: Closing pending final acceptance by the TSX Venture Exchange.

Notable Quotes

“I would like to thank Bob Kopple and Eric Muscinski 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.