Meryllion Announces Non-Brokered LIFE Financing

Executive Summary

• Meryllion Resources Corp. announced a non‑brokered private placement of between 20 M and 43.5 M units at $0.05 per unit, targeting gross proceeds of $1.0 M to $2.175 M.
• Each unit consists of one common share and one warrant exercisable at $0.07 for up to 36 months; the offering is expected to close initially around March 27, 2026.
• Proceeds will be used to fund exploration, development activities and working capital; a Finder and advisory fee arrangement was also disclosed.

Key Details

• Units Offered: Minimum 20,000,000 units; maximum 43,500,000 units.
• Price per Unit: $0.05 (each unit = 1 common share + 1 warrant).
• Gross Proceeds Target: Minimum $1,000,000; Maximum $2,175,000.
• Warrant Terms: Exercisable at $0.07 per share beginning on the 62nd day after issuance, for a period of 36 months from issuance.
• Closing Timeline: Initial closing expected on or about March 27, 2026 (subject to regulatory approvals).
• Regulatory Exemption: Offered under NI 45‑106 listed issuer financing exemption; no hold period in Canada; also available in offshore jurisdictions where permitted.
• Finder Arrangement: Research Capital Corporation engaged as exclusive finder; cash fee of 8% of gross proceeds plus Finder Warrants equal to 8% of units sold to its introduced investors (each warrant exercisable at $0.07 for 36 months).
• Advisory Agreement: Separate 60‑day advisory agreement with the Finder dated March 11, 2026; cash fee of $25,000 plus issuance of 500,000 common shares (subject to CSE approval) with a hold period of four months and one day.
• Use of Proceeds: Fund exploration and development costs and provide working capital for Meryllion’s projects (Makenzie gold/silver/antimony project in Nevada; Westbury and Tasmanian REE IAC projects in Tasmania).

Notable Quotes

(No direct quotes were provided in the release.)