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Financings

Metalsource Mining Announces $7.5 Million Private Placement

By The Northwire Desk — AI Analysis Feb 10, 2026 · 07:31 MSM · 0.72 Metalsource Mining Inc.
MSM · Price

Executive Summary

  • Metalsource Mining Inc. announced a non‑brokered private placement of up to 10,050,000 units at $0.75 per unit, targeting gross proceeds of up to $7,537,500.
  • Each unit consists of one common share and half of a transferable warrant; each full warrant allows the purchase of one additional common share at $1.00 for three years.
  • The offering is subject to regulatory approvals and statutory hold periods under Canadian securities law.

Key Details

  • Units Offered: Up to 10,050,000 units.
  • Unit Price: $0.75 per unit.
  • Gross Proceeds Target: Up to $7,537,500.
  • Composition of Each Unit:
  • 1 common share.
  • ½ transferable common share purchase warrant.
  • Warrant Terms: One whole warrant (comprised of two half‑warrants) entitles the holder to buy one additional common share at $1.00 per share, exercisable for three years from issuance.
  • Placement Structure: Non‑brokered private placement with a single placee.
  • Regulatory Conditions: Subject to receipt of all necessary approvals, including Canadian Securities Exchange approval, and statutory hold periods under Canadian securities law.

Notable Quotes

(No CEO/President quotes were included in the release.)

Read the original news release →

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