Northwire Canada EditionSunday, November 1, 2026
Northwire
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings

Meryllion Announces Non-Brokered LIFE Financing

MYR · Price

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.)

Read the original news release →

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