Financings
Talent Infinity Resource Developments Inc. Announces LIFE Offering, Earn-In Agreement and New Director

TICO · Price
Executive Summary
- Talent Infinity Resource Developments Inc. announced a non‑brokered private placement (“LIFE Offering”) of up to 14,489,274 units at $0.10 per unit for gross proceeds of up to $1.45 M.
- The company entered into an earn‑in option agreement to acquire 100 % of mineral claims in New Brunswick and British Columbia, with cash payments of $130,000 and issuance of $400,000 of common shares (four tranches) plus a required $1 M of funded expenditures.
- John Eren was appointed Chief Executive Officer, President and Director effective February 4 2026, replacing Derrick Gaon as CEO.
Key Details
- Offering Structure: Each unit = 1 common share + 1 warrant (exercisable after 60 days, 24‑month term, $0.15 exercise price).
- Units Offered: Up to 14,489,274 units → $1,448,927.40 gross proceeds (net proceeds for general corporate and working capital purposes).
- Closing Deadline: On or before March 20 2026, subject to CSE approval and other conditions.
- Finder Compensation: Finder fee = 6 % of gross proceeds in cash plus finder warrants at $0.15 each (24‑month term).
- Insider Participation: Potential insider purchases may be subject to a four‑month hold; treated as an MI 61‑101 related‑party transaction (≤25 % market cap).
Earn‑In Option Agreement
- Optionors: Two individuals (signed 3 Feb 2026, effective 4 Jun 2025).
- Property Acquired:
- New Brunswick: 18 tenures (2,969.35 ha) across Hatsfield, Fredericksburg, Lake George South, Murray Brook projects.
- British Columbia: 4 tenures – Buster Property (547 ha approved + 628 ha pending) and Silver Giant Property (142.57 ha).
- Cash Payments to Optionors: $35,000 (within 45 business days of signing), $45,000 (1 yr after effective date), $50,000 (2 yrs after effective date).
- Share Issuances to Optionors: Four tranches of $100,000 each in common shares (total $400,000) on the same schedule as cash payments.
- Funding Milestones: Minimum expenditures of $150,000 (by 1 yr), $400,000 (by 2 yrs), and $1,000,000 (by 3 yrs) after effective date.
- Share Valuation for Issuance: Volume‑weighted average price of the company’s shares over the five trading days preceding each issuance.
Executive Appointment
- John Eren – appointed CEO, President, and Director effective 4 Feb 2026; replaces Derrick Gaon as CEO (Gaon remains a director).
- Background: >20 years in corporate development, capital markets, M&A; prior senior roles at First Nordic Metals (Goldsky), Crystal Exploration (Thesis Gold), Auryn Resources (Fury Gold), Keegan/Asanko (Galiano Gold), Cayden Resources (Agnico Eagle), Stratton Resources (Torq Resource).
- Education: Honours B.A. in Economics, Laurentian University; CEO & director of Orex Minerals since Sep 2024; also director of Aventis Energy Inc.
Notable Quotes
(No direct quotes were provided in the release.)
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May 14, 2026 · 08:01