High Tide Resources Announces Upsize to Private Placement

Executive Summary

• High Tide Resources Corp. amended the terms of its LIFE private placement, setting a minimum raise of $6.225 M and a maximum of $7.575 M.
• The offering will sell at least 7.5 M LIFE HD Units @ $0.20 each and 17.5 M CFT Units @ $0.27 each, with associated warrants and flow‑through tax benefits.
• Proceeds from the CFT Units are earmarked for Canadian exploration expenses on the Labrador West Iron Project; net proceeds from the other units will fund general corporate and working capital needs.

Key Details

• Offering Structure:
• LIFE HD Unit – 1 common share + ½ warrant; price $0.20 per unit.
• CFT Unit – 1 flow‑through common share + ½ warrant; price $0.27 per unit.
• Minimum & Maximum Units / Proceeds:
• Minimum: 7,500,000 LIFE HD Units and 17,500,000 CFT Units → minimum aggregate gross proceeds of $6,225,000.
• Maximum aggregate gross proceeds up to $7,575,000.
• Warrant Terms:
• Each warrant allows purchase of one common share at $0.30 per share for 24 months from issuance.
• Exemptions & Jurisdictions:
• Offered under NI 45‑106 listed issuer financing exemption (LIFE Exemption) in several Canadian provinces and selected foreign jurisdictions; non‑LIFE units offered under other NI 45‑106 exemptions.
• Hold Periods:
• Shares underlying LIFE HD and CFT Units have no hold period.
• Shares, warrants, and warrant shares from Non‑LIFE Units are subject to a four‑month + one‑day hold if issued before four months after issuance date.
• Use of Proceeds:
• CFT Units: Gross proceeds will be used for “Canadian exploration expenses” (Qualifying Expenditures) on the Labrador West Iron Project – drill program, metallurgical testwork, and environmental baseline study; to be renounced to purchasers by Dec 31 2026.
• LIFE HD & Non‑LIFE Units: Net proceeds allocated to general corporate and working capital purposes.
• Finder Compensation:
• Up to 7% cash commission of gross proceeds plus finder warrants equal to up to 7% of securities sold. Finder Warrants: right to acquire one Non‑LIFE Unit at $0.20 for 24 months from closing.
• Expected Closing: On or about March 4, 2026, subject to regulatory approvals.

Notable Quotes

(No direct quotes included in the release.)