Mr. Charles Desjardins reports
INSPIRATION MINING ARRANGES $600,000 FLOW THROUGH FINANCING
Inspiration Mining Corp. has arranged a non-brokered critical minerals flow-through private placement financing for aggregate gross proceeds of $600,000 from the sale of up to four million units of the company at 15 cents per unit.
Each unit will comprise one flow-through share and one transferable common share purchase warrant of the company. Each warrant will entitle the subscriber to purchase one common share of the company for a 36-month period after the closing date of the offering at an exercise price of 18 cents per common share.
Each critical minerals FT share will qualify as a critical minerals flow-through share under the Income Tax Act (Canada).
Proceeds raised will be used to advance the company's Rottenstone North gold property in Saskatchewan.
Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Net proceeds of the offering will be used for general working capital purposes.
Shares issued pursuant to the offering will be subject to a four-month-and-one-day hold period according to applicable securities laws of Canada.
About Inspiration Mining Corp.
Inspiration Mining is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the company's properties.
We seek Safe Harbor.
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