Infield Minerals arranges $115,000 private placement

Executive Summary

• Infield Minerals Corp. announced a non‑brokered private placement to raise up to $115,000 by issuing up to 3,833,333 common shares at C$0.03 per share.
• The proceeds will be used to fund property costs on its Western United States mineral properties and for general working capital.
• The offering is subject to TSX Venture Exchange approval; securities will carry a statutory hold period of four months and one day, and officers/directors are expected to participate.

Key Details

• Offering size: Up to C$115,000 in gross proceeds.
• Shares offered: Up to 3,833,333 common shares.
• Price per share: C$0.03.
• Hold period: Securities subject to a statutory hold of four months and one day from issuance.
• Regulatory condition: Financing requires approval of the TSX Venture Exchange.
• Participation: Anticipated participation by certain officers and directors of Infield Minerals.
• Finder commissions: Company may pay commissions to qualified finders in Canada, consistent with TSX‑V policies.
• Use of proceeds:
• Finance property costs on mineral properties located in the Western United States.
• Provide general working capital for corporate operations.

Notable Quotes

(No direct quotes were provided in the release.)