Gladiator increases private placement to $22.5-million

Executive Summary

• Gladiator Metals Corp. upsized its bought‑deal private placement to gross proceeds of approximately C$22.5 million.
• The offering includes 10,563,400 flow‑through (FT) common shares at C$1.42 each and 8,152,200 non‑flow‑through (HD) common shares at C$0.92 each.
• Proceeds will be used for eligible Canadian exploration expenses in Yukon (FT portion) and for working capital/general corporate purposes (HD portion).

Key Details

• Total Gross Proceeds: C$22,500,052 (≈ US$15.0 M from FT shares + US$7.5 M from HD shares).
• Share Count & Pricing:
• FT Shares: 10,563,400 common shares @ C$1.42 per share → C$15,000,028 gross proceeds.
• HD Shares: 8,152,200 common shares @ C$0.92 per share → C$7,500,024 gross proceeds.
• Use of Proceeds – FT Shares:
• To incur eligible Canadian exploration expenses qualifying as flow‑through critical mineral mining expenditures for Yukon projects.
• Minimum qualifying expenditures equal to the gross proceeds from FT shares must be incurred (or deemed incurred) by Dec 31, 2026 and renounced to purchasers no later than Dec 31, 2025.
• Use of Proceeds – HD Shares: Working capital and general corporate purposes.
• Closing Date: Expected on or about Sept. 9, 2025, subject to regulatory approvals (including TSX Venture Exchange conditional approval).
• Offering Structure: Bought‑deal private placement conducted by Cormark Securities Inc. on behalf of a syndicate of underwriters; offered under NI 45‑106 exemptions to Canadian residents (excluding Quebec) and other qualifying jurisdictions.
• Regulatory Notes: FT and HD shares issued to Canadian resident subscribers are not subject to a hold period under applicable securities laws.

Notable Quotes

(No direct quotes provided in the release.)