Mr. Charles Desjardins reports
INSPIRATION MINING REPRICES FLOW THROUGH FINANCING AND INCREASES IT TO $650,000
Inspiration Mining Corp. has repriced its non-brokered critical mineral flow-through private placement financing, which was announced on May 22, 2026.
The financing was originally announced for aggregate gross proceeds of $600,000 from the sale of up to four million units of the company at 15 cents per unit. The repriced amount to be raised is for aggregate gross proceeds of $650,000 from the sale of five million units of the company at 13 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 15 cents per common share.
Each critical mineral FT share will qualify as a critical mineral 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.
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 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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