Makenita Announces Closing of a Flow-Through Private Placement

Executive Summary

• Makenita Resources Inc. closed a non‑brokered flow‑through private placement raising $100,000 at $0.10 per share.
• Proceeds will be applied to the Company’s existing Canadian projects (tungsten, rare earths, cobalt/silver/diamonds).
• FT Shares are subject to a statutory hold period of four months and one day after closing.

Key Details

• Financing amount: $100,000 total gross proceeds.
• Share price: $0.10 per flow‑through share (FT Share).
• Units sold: 1,000,000 FT Shares (implied from price × proceeds).
• Placement type: Non‑brokered, flow‑through private placement.
• Use of proceeds: Funding for existing projects in Canada, including the Sisson West Tungsten Project (NB), NTX Rare Earth Project (QC), and Hector Property (ON).
• Statutory hold period: FT Shares cannot be sold until four months and one day after closing.
• Regulatory notice: Shares are not registered under the U.S. Securities Act; they may not be offered or sold in the United States absent exemption or registration.

Notable Quotes

• “The proceeds from this financing will support our ongoing exploration and development activities across our key Canadian assets.” – Jason Gigliotti, President, CEO & Director.