Finex Metals completes $1.67-million private placement

Executive Summary

• Finex Metals Ltd. completed an oversubscribed non‑brokered private placement of 13.93 million units at $0.12 per unit, generating gross proceeds of $1,671,600.
• Each unit consists of one common share and half of a share purchase warrant (full warrant exercisable at $0.18 for 24 months).
• Net proceeds will fund exploration on the company’s wholly‑owned gold, nickel and PGE projects in northern Finland (including follow‑up work at Ruoppa and Kero) and provide general working capital.

Key Details

• Units sold: 13.93 million units @ $0.12 per unit
• Gross proceeds: $1,671,600
• Unit composition: 1 common share + ½ share purchase warrant (full warrant = 1 additional share at $0.18)
• Warrant term: 24 months from issuance
• Insider participation: 730,265 units purchased by insiders (related‑party transaction under MI 61‑101)
• Finder’s fees: $55,560 cash plus 463,000 finder warrants exercisable at $0.18 for 24 months
• Trading restriction: All securities issued are restricted from trading until July 21, 2026
• Use of proceeds: Exploration of 100 % owned gold, nickel and PGE projects in northern Finland (including Ruoppa and Kero) and general working capital

Notable Quotes

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