13:39:09 EDT Tue 12 May 2026
Enter Symbol
or Name
USA
CA



Mink Ventures Corp
Symbol MINK
Shares Issued 33,606,719
Close 2026-05-11 C$ 0.09
Market Cap C$ 3,024,605
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Mink Ventures arranges $1-million private placement

2026-05-12 12:29 ET - News Release

Ms. Natasha Dixon reports

MINK VENTURES CORPORATION LAUNCHES $1,000,000 NON-BROKERED PRIVATE PLACEMENT FINANCING WITH CMETC FLOW-THROUGH AND HARD DOLLAR UNITS

Mink Ventures Corp. has arranged a non-brokered private placement for aggregate gross proceeds of up to $1-million. The offering will consist of the sale of hard dollar units (the HD units) of the company at a price of 10 cents per HD unit and flow-through units of the company at a price of 13 cents per FT unit.

Each HD unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of 20 cents.

Each FT unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of 20 cents.

The FT shares are to be issued as flow-through shares within the meaning of the Income Tax Act (Canada). An amount equal to the portion of the subscription price that is directly attributable to the consideration paid for the subscription and issuance of the FT shares will be used to incur eligible resource exploration expenses which will qualify as (i) Canadian exploration expenses (as defined in the tax act), and (ii) flow-through critical mineral mining expenditures (as defined in Subsection 127(9) of the tax act). Qualifying expenditures in an aggregate amount equal to the gross proceeds raised from the issuance of the FT shares will be renounced to the initial purchasers of the FT units with an effective date no later than Dec. 31, 2026. The FT warrants are not being issued as flow-through shares within the meaning of the tax act.

The company plans to use the net proceeds raised from the sale of the HD units and FT units under the offering for the exploration, drilling and advancement of the company's Montcalm nickel copper cobalt project, the Warren copper nickel project and, in respect of the HD unit proceeds, for general working capital purposes.

The securities issued under the offering will be subject to a four-month-and-one-day hold period and will not be sold in the United States. The offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches, with the initial closing date of the offering expected to occur on or around June 17, 2026, and is not subject to receipt of a minimum amount of gross proceeds. The company may pay to certain introducing parties in respect of the offering finders' fees of up to 8-per-cent cash and non-transferable common share purchase warrants to acquire that number of common shares equal to 8 per cent of the number of units sold to investors so introduced, subject to compliance with applicable securities legislation and TSX-V policies. Each finder's warrant shall entitle the holder thereof to acquire one common share of the company for a period of 36 months from the date of issuance at an exercise price of 20 cents.

About Mink Ventures Corp.

Mink Ventures is a Canadian mineral exploration company exploring for critical minerals in Ontario, Canada. It has a prospective, nickel copper cobalt exploration portfolio, with its Montcalm project, which now covers approximately 100 square kilometres adjacent to Glencore's former Montcalm mine with historical production of 3.93 million tonnes of ore grading 1.25 per cent Ni (nickel), 0.67 per cent Cu (copper) and 0.051 per cent Co (cobalt) (Ontario Geological Survey, Atkinson, 2010), as well as the expanded 11.3 square km Warren project. These complementary nickel copper cobalt projects have excellent road access and infrastructure and are in close proximity to the Timmins mining camp. The company has 33,606,719 common shares outstanding.

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