Kirkstone Metals Announces Non-Brokered Private Placement Of Up To $2,000,000

Executive Summary

• Kirkstone Metals Corp. announced a non‑brokered private placement of up to 10 million units at $0.20 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercisable at $1.00 after a 60‑day lock‑up, with a two‑year term).
• The company’s common shares began trading on the OTCQB under the ticker KSMCF on March 12, 2026, enhancing liquidity for U.S. investors.

Key Details

• Units Offered: Up to 10,000,000 units at $0.20 per unit → Gross proceeds up to $2,000,000.
• Unit Composition:
• 1 common share of Kirkstone Metals Corp.
• ½ of a common‑share purchase warrant (each whole warrant allows purchase of one additional common share).
• Warrant Terms:
• Exercise price: $1.00 per share.
• Exercisable for 2 years from closing date.
• No exercise permitted during the first 60 days after closing.
• Use of Proceeds: Net proceeds will be allocated to exploration work and general working capital.
• Exemptions & Distribution Restrictions:
• Up to 3,333,333 units offered under the Listed Issuer Financing Exemption (NI 45‑106) – free‑trading in Canada (except Quebec).
• Remaining units sold under other prospectus exemptions; subject to a four‑month‑and‑one‑day resale restriction.
• Regulatory Conditions: Completion pending TSX Venture Exchange approval and other regulatory clearances.
• Finder’s Fees: Company may pay eligible third‑party finders who introduce subscribers to the placement.
• OTCQB Listing:
• Commenced trading on March 12, 2026 under symbol KSMCF.
• Expected to improve liquidity and accessibility for U.S.–based shareholders and investment advisors.

Notable Quotes

(No direct quotes were provided in the release.)