Canadian Metals Announces Private Placement of up to $2.3 Million

Executive Summary

• Canadian Metals Inc. announced a non‑brokered private placement of up to $2.3 million in units and flow‑through units.
• The offering consists of up to 8,181,818 Units at $0.11 each and 11,666,666 FT Units at $0.12 each, each unit paired with half a common‑share purchase warrant.
• Proceeds are earmarked for exploration expenses on the company’s five Bathurst Mining Camp properties, qualifying as flow‑through critical mineral mining expenditures under Canadian tax law.

Key Details

• Total Gross Proceeds: Up to $2,300,000.
• Units Offered:
• 8,181,818 Units @ $0.11 per Unit.
• Each Unit = 1 common share + ½ of a common‑share purchase warrant.
• Whole warrant allows purchase of one common share at $0.18 for 18 months after tranche closing.
• Flow‑Through Units (FT Units) Offered:
• 11,666,666 FT Units @ $0.12 per FT Unit.
• Each FT Unit = 1 flow‑through common share + ½ of a warrant.
• Whole FT warrant allows purchase of one common share at $0.20 for 18 months after tranche closing.
• Statutory Hold Period: All shares and warrants subject to a four‑month‑plus‑one‑day hold period from each tranche’s closing.
• Use of Proceeds: 100 % of gross proceeds from FT Units will fund eligible Canadian exploration expenses that qualify as “flow‑through critical mineral mining expenditures.”
• Closing Conditions: Subject to customary conditions, including regulatory approvals and CSE acceptance; may include finder’s fees in compliance with CSE policies.
• Regulatory Disclaimers: Offering not registered under U.S. securities laws; sales to U.S. persons only permissible via exemption or registration.

Notable Quotes

• “This financing will enable us to advance our exploration programs on five high‑potential properties within the Bathurst Mining Camp, positioning Canadian Metals for future growth in critical minerals,” – Julien Davy, Chief Executive Officer.