Conquest Resources Announces Non-Brokered Private Placement Financing

Executive Summary

• Conquest Resources Ltd. announced a non‑brokered private placement to raise up to $450,000 through the issuance of up to 6,000,000 flow‑through common shares at $0.075 per share.
• Proceeds will be used for eligible Canadian exploration expenses related to the Belfast‑Teck Mag Project in Ontario and may also qualify as eligible Ontario exploration expenditures for qualifying subscribers.
• The placement is subject to regulatory approvals, a four‑month hold period, and securities law restrictions (U.S. registration not required).

Key Details

• Financing Structure: Non‑brokered charity flow‑through common shares (“FT Shares”).
• Quantity: Up to 6,000,000 FT Shares.
• Price per Share: $0.075 CAD.
• Gross Proceeds Target: Up to $450,000 CAD.
• Use of Proceeds: Eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures for the Belfast‑Teck Mag Project; may also qualify as eligible Ontario exploration expenditures for qualifying Ontario subscribers.
• Regulatory Conditions: Completion subject to receipt of all necessary approvals, including TSX Venture Exchange acceptance.
• Hold Period: Shares subject to a hold period of four months and one day from closing date.
• U.S. Securities Law: Shares will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent an exemption.
• Qualified Person Review: Technical content reviewed and approved by Joerg Kleinboeck, P. Geo., Qualified Person under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)