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Financings

Loyalist Exploration Announces Closing of the Second and Final Tranche of its Non-Brokered Financing

By The Northwire Desk — AI Analysis Oct 23, 2025 · 07:00 PNGC · 0.015 Loyalist Exploration Limited
PNGC · Price

Executive Summary

  • Loyalist Exploration completed the second and final tranche of its non‑brokered private placement, selling 2,850,000 units for $57,000 at $0.02 per unit.
  • Proceeds fund the acquisition of the Tully Gold Project and general working capital; the financing also includes common shares and purchase warrants.
  • The company issued finder’s fees and warrants, completed a share issuance to Fulcrum Metals plc, and noted hold‑period restrictions on the securities.

Key Details

  • Units sold: 2,850,000 units for aggregate gross proceeds of $57,000 (price: $0.02 per unit).
  • Total financing target: $710,000 of Units across two tranches; this tranche represents the final portion.
  • Unit composition: Each Unit consists of one common share and one warrant exercisable at $0.05 for 48 months from issuance.
  • Use of proceeds: Funding the acquisition of the Tully Gold Project (see Oct 3, 2025 release) and supporting general working capital.
  • Finder’s fees: $4,560 paid; 228,000 finder’s warrants issued at $0.05 exercise price for 48 months.
  • Share issuance to Fulcrum Metals plc: Completed issuance of 272,740 Loyalist Shares pursuant to the Oct 3, 2025 announcement.
  • Hold period: All securities subject to a hold period expiring four months and one day after issuance.
  • Regulatory conditions: Completion pending required regulatory approvals, including CSE approval.
  • U.S. securities disclaimer: Securities not registered under U.S. law; not offered or sold in the United States or to U.S. persons absent exemption.

Notable Quotes

“With the successful completion of our $700,000 financing and the acquisition of the Tully Property, Loyalist reached another key milestone. We’re now building out our team to drive exploration and development across our portfolio as we continue to execute on our ‘Buy Timmins’ strategy.” – Errol Farr, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ.

Read the original news release →

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