Transition Metals arranges $700,000 private placement

Executive Summary

• Transition Metals Corp. announced a non‑brokered private placement to raise up to $700,000 by issuing up to 9,333,333 critical flow‑through (CFT) shares at $0.075 per share.
• A finder's fee structure includes 6 % cash and 6 % non‑transferable warrants on CFT shares sold through designated finders; the warrants allow purchase of one common share at $0.12 for 18 months after closing.
• Proceeds will be used to advance exploration on critical mineral projects in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au‑Ag‑Cu).

Key Details

• Offering Size: Up to 9,333,333 CFT shares, price $0.075 per share → maximum gross proceeds $700,000.
• Finder’s Compensation:
• 6 % cash of the CFT shares sold by each finder.
• Additional 6 % non‑transferable share purchase warrants (equal to 6 % of CFT shares sold).
• Warrants allow the holder to buy one common share at $0.12 per share, exercisable for 18 months after closing.
• Use of Proceeds:
• Exploration and advancement of critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au‑Ag‑Cu).
• Restrictions: All securities issued—including any common shares from exercised compensation warrants—are subject to a four‑month resale restriction and applicable hold periods outside Canada.
• Closing Conditions: Completion subject to necessary approvals, including the TSX Venture Exchange; no guarantee that the offering will be completed as proposed.

Notable Quotes

(No executive quotes were provided in the release.)