Financings
Kirkstone Metals Closes Non-Brokered Private Placement Of $2,000,000

KSM · Price
Executive Summary
- Kirkstone Metals Corp. closed a non‑brokered private placement of 10,000,000 units at $0.20 per unit, generating gross proceeds of $2,000,000.
- Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at $1.00 per share for two years, with exercise blocked for the first 60 days).
- Net proceeds are earmarked for exploration activities and general working capital.
Key Details
- Placement Size & Pricing: 10,000,000 units @ $0.20/unit → gross proceeds $2,000,000.
- Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant = right to buy one additional common share).
- Warrant Terms: Exercise price $1.00 per share; exercisable for two years from closing; cannot be exercised until 60 days after closing.
- Use of Proceeds: Primarily for exploration work on uranium assets and for general working capital.
- Exemptions & Trading Status:
- 3,241,344 units issued under the Listed Issuer Financing Exemption (NI 45‑106) – immediately free‑trading in Canada.
- Remaining units issued under other prospectus exemptions; subject to a resale restriction of four months and one day, expiring 2026‑08‑03.
- Finder’s Fees: None payable in connection with the private placement.
Notable Quotes
(No executive quotes were included in the release.)
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Jun 10, 2026 · 18:10