Makenita Announces a Flow-Through Private Placement

Executive Summary

• Makenita Resources Inc. announced a non‑brokered flow‑through private placement to raise $100,000 at $0.10 per share.
• The offering consists solely of flow‑through shares (FT Shares); no warrants or finder's fees will be issued.
• Proceeds will be applied to the Company’s existing Canadian projects (Sisson West Tungsten, NTX Rare Earth, and Hector Property).

Key Details

• Financing Size: $100,000 total gross proceeds.
• Share Price: $0.10 per FT Share.
• Number of Shares Issued: 1,000,000 FT Shares (calculated from price × proceeds).
• Warrant Coverage: None – no warrants attached to the shares.
• Finder’s Fees: None will be paid.
• Use of Proceeds: Funding for existing exploration and development activities on Canadian assets.
• Statutory Hold Period: Shares subject to a hold period expiring four months and one day after closing.
• Regulatory Status: Securities not registered under the U.S. Securities Act; cannot be offered or sold in the United States absent exemption.

Notable Quotes

• “The proceeds from this financing will support our ongoing exploration programs across our key Canadian projects, advancing our strategic growth objectives.” – Jason Gigliotti, President, CEO & Director.