Gelum Closes Non-Brokered Private Placement Grants Stock Options

Executive Summary

• Gelum Resources closed a non‑brokered private placement of 6,526,312 units, raising $1,501,051.76 in gross proceeds.
• Each unit includes one common share and half of a warrant to purchase an additional share at $0.38 per share (24‑month term, with acceleration feature).
• The company granted incentive stock options for up to 2,000,000 common shares at $0.30 per share, exercisable through March 11 2028.

Key Details

• Units Issued: 6,526,312 units (each = 1 common share + ½ warrant).
• Gross Proceeds: $1,501,051.76; proceeds earmarked for working capital.
• Warrant Terms: Purchase price $0.38 per share; exercisable for 24 months from closing; acceleration if CSE price ≥ $0.76 for 20 consecutive trading days.
• Insider Participation: New director Chad Williams purchased 434,790 units (related‑party transaction under MI 61‑101). Exemptions relied upon as fair market value ≤ 25 % of market cap.
• Finder’s Fees & Warrants:
• Canaccord Genuity Corp.: $14,007 cash + 60,900 finder’s warrants.
• Haywood Securities Inc.: $8,050 cash + 35,000 finder’s warrants.
• Ventum Financial Corp.: $4,830 cash + 21,000 finder’s warrants.
• Holding Period: All securities subject to a four‑month and one‑day hold period in Canada from closing.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act; no offers or sales to U.S. persons absent exemption.
• Stock Option Grant (Incentive Stock Option Plan): Options granted to directors, officers, and consultants for up to 2,000,000 common shares at an exercise price of $0.30 per share; exercisable on or before March 11 2028.
• Director Resignation: Robert C. Kopple resigned from the board effective March 6 2026; company expressed gratitude for his service.

Notable Quotes

• “The successful closing of this private placement provides us with essential working capital to advance our strategic initiatives,” – Hendrik van Alphen, CEO & Director.