Fidelity Minerals arranges $1.25M private placement

Executive Summary

• Fidelity Minerals Corp. announced a non‑brokered private placement of up to 12.5 million units at C$0.10 per unit, targeting gross proceeds of up to $1.25 million.
• Each unit consists of one common share and one half‑warrant; each full warrant can be exercised for an additional common share at C$0.20 within 24 months after closing.
• Net proceeds will fund Peruvian exploration, community‑relations programs, and general corporate working capital.

Key Details

• Financing Size: Up to 12.5 million units → maximum gross proceeds of $1.25 million.
• Unit Structure: 1 common share + ½ warrant per unit; a full warrant equals the right to purchase one additional common share at C$0.20.
• Exercise Window: Warrants exercisable for 24 months after the closing date.
• Pricing: Fixed price of C$0.10 per unit.
• Use of Proceeds: Advance exploration activities in Peru, support community‑relations initiatives, and provide general corporate working capital.
• Finder’s Fees: Company will pay eligible finders’ fees in compliance with securities laws and TSX‑V policies.
• Regulatory Conditions: Financing subject to TSX‑V approval; all issued securities carry a statutory hold period of four months plus one day from the closing date.

Notable Quotes

(No direct quotes were provided in the release.)