Eskay Mining arranges $2-million private placement

Executive Summary

• Eskay Mining Corp. announced a non‑brokered charity flow‑through private placement of up to $2 million at C$0.56 per unit.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant allows purchase at C$0.65 within 24 months).
• Gross proceeds will be used for Canadian exploration expenses on the Eskay Project in British Columbia, with qualifying expenditures to be incurred by Dec 31 2026 and renounced by Dec 31 2025.

Key Details

• Offering Size: Up to C$2 million of charity flow‑through units.
• Unit Price: C$0.56 per charity flow‑through unit.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant = right to buy 1 share at C$0.65).
• Warrant Terms: Exercise price C$0.65; exercisable any time up to 24 months after the closing date.
• Use of Proceeds: Fund Canadian exploration expenses and flow‑through mining expenditures on the Eskay Project (Golden Triangle, BC).
• Expenditure Timeline: Qualifying expenditures incurred on or before Dec 31 2026; renunciation to subscribers by Dec 31 2025.
• Closing Date: Expected around Aug 22 2025 (subject to approvals, including TSX‑V).
• Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period from closing.
• Regulatory Conditions: Closing contingent on receipt of all necessary approvals, notably TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)