Hayasa closes $1.89-million private placement

Executive Summary

• Hayasa Metals Inc. closed an oversubscribed non‑brokered private placement of 11,165,282 units at C$0.17 per unit, generating gross proceeds of $1,898,098.
• The net proceeds will fund a 2,000‑metre drill program at the Urasar project in 2026, potential acquisition of additional property, and general working capital.
• Major investors include Teck Resources Ltd. (934,500 units) and individual investor Dennis Moore (294,200 units).

Key Details

• Units sold: 11,165,282 units @ C$0.17 per unit → Gross proceeds: $1,898,098.
• Unit composition: 1 common share + ½ warrant; each whole warrant allows purchase of one additional common share at C$0.22 from 23 Nov 2025 for 18 months thereafter.
• Investor participation:
• Teck Resources Ltd. purchased 934,500 units, maintaining a 9.9% ownership on a partially diluted basis.
• Dennis Moore acquired 294,200 units for $50,014; his post‑placement ownership is ~11.56% (undiluted) and could rise to ~13.09% if all warrants/options are exercised.
• Officer participation: Two company officers bought 588,400 units for $100,028; securities are subject to a four‑month hold period under TSX‑V policy.
• Finder’s fees: $48,420 paid to Haywood Securities Inc., Ventum Financial Corp., Canaccord Genuity Corp., Research Capital Corp., Red Cloud Securities Inc., and Marcus Moser (5% of proceeds).
• Use of proceeds:
• Continue exploration at the Urasar copper‑gold project in central/northern Armenia.
• Undertake an additional 2,000‑metre drill program at Urasar in 2026.
• Acquire control of additional property and support general working capital needs.
• Regulatory compliance: Units issued under NI 45‑106 listed issuer financing exemption; TSX‑V final acceptance conditional on filing requirements per Policy 4.1.

Notable Quotes

“We are very pleased that Teck continues to show their support as an investor. And we are optimistic that all shareholders will benefit from Hayasa's first‑mover advantage in Armenia as we look to add an additional property over 2026.” – Joel Sutherland, CEO, Hayasa Metals Inc.