Serra Energy Metals revises ROV financing terms

Executive Summary

• Serra Energy Metals Corp. revised its brokered private placement with ROV Investment Partners Corp., targeting a minimum of $2.5 million in proceeds by selling at least 7,142,857 subscription receipts at C$0.35 each.
• Upon closing, current Serra shareholders are expected to hold ~10.6 % of the outstanding shares of the resulting issuer after the three‑cornered amalgamation (reverse takeover).
• In addition to the private placement, ROV completed a non‑brokered special warrant financing on Dec. 8 2025 for $461,540, bringing total anticipated gross proceeds from both financings to approximately $3 million.

Key Details

• Private Placement Revised Terms
• Minimum aggregate proceeds: $2.5 million.
• Minimum subscription receipts to be sold: 7,142,857 at C$0.35 per receipt.

• Expected post‑closing ownership for existing Serra shareholders: ≈10.6 % of the resulting issuer’s outstanding shares.

• Agent Compensation (Canaccord Genuity Corp.)

• Cash commission: 7 % of private placement proceeds (reduced to 2.5 % on sales to purchasers on ROV’s president list).
• Broker warrants: 7 % of total subscription receipts issued (reduced to 2.5 % for president‑list sales).

• Each broker warrant exercisable for one common share of ROV at C$0.35, valid for 24 months after closing.

• ROV Special Warrant Financing (Dec 8 2025)

• Gross proceeds: $461,540.

• Warrants sold: 1,318,686 special warrants at C$0.35 each.

• Total Anticipated Proceeds

• Combined gross proceeds from the revised private placement and the ROV special warrant financing: ≈ $3 million.

Notable Quotes

(No direct quotes were provided in the release.)