Mr. Mark Ferguson reports
ARBOR METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Arbor Metals Corp. has closed its non-brokered private placement of three million units at a price of 14 cents per unit for gross proceeds of $420,000. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one share of the company at a price of 22 cents until May 21, 2029, provided that holders will not be permitted to exercise warrants until 60 days following closing of the offering.
The company expects to utilize proceeds of the offering for exploration work at the company's Jarnet lithium project and for general working capital purposes.
The units issued under the offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by CSA Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The units issued under the listed issuer financing exemption are immediately free trading under applicable Canadian securities laws.
In connection with closing of the offering, the company paid finders' fees of $17,640 and issued 126,000 non-transferable common share purchase warrants to certain arm's-length parties which assisted in introducing subscribers to the offering.
Each finder's warrant entitles the holder to acquire one share of the company at a price of 22 cents until May 21, 2029.
All securities issued to finders are subject to restrictions on resale until Sept. 22, 2026, in accordance with applicable securities laws.
About Arbor Metals Corp.
Arbor Metals is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.
The
Jarnet, Corvette Lake and St. Pierre lithium projects, located in
the James
Bay region of Quebec, comprises 83 map-designated claims, covering an area of approximately 5,606 hectares. The projects are contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization, representing one of the highest-profile lithium exploration projects in the sector.
The
Kemlee Lake lithium
project
is strategically located three kilometres east of Rock Tech Lithium Inc.'s Aumacho claim blocks and 12 kilometres south of the Georgia Lake project. The project shares many geological similarities with the prolific Georgia Lake deposit, including bedrock geology and the presence of massive intrusive dikes. The primary target at the project will be spodumene-bearing pegmatites
hosted in metasediments.
We seek Safe Harbor.
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