16:14:07 EST Tue 30 Dec 2025
Enter Symbol
or Name
USA
CA



New Break Resources Ltd
Symbol NBRK
Shares Issued 87,177,100
Close 2025-12-29 C$ 0.26
Market Cap C$ 22,666,046
Recent Sedar Documents

New Break arranges $505,800 private placement

2025-12-29 19:02 ET - News Release

Mr. Michael Farrant reports

NEW BREAK ANNOUNCES $506,000 NON-BROKERED PRIVATE PLACEMENT OFFERING OF FLOW-THROUGH SHARES

New Break Resources Ltd. intends to complete a non-brokered private placement offering of up to 1,405,000 flow-through common shares (FT shares) at a price of 36 cents per FT share, for gross proceeds of up to $505,800.

Each FT share will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). The gross proceeds from the sale of the FT shares will be used for Canadian exploration expenses (CEE) and will qualify as flow-through mining expenditures as defined in the act. The company will renounce such CEE to the purchasers of the FT shares with an effective date of no later than Dec. 31, 2025. The gross proceeds from the offering will be used in connection with the first phase of a planned 10,000-plus-metre 2026 drilling program at the company's Moray gold project, located approximately 49 kilometres south of Timmins, Ont., and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc.

Finders' fees may be payable to qualified individuals pursuant to which the finder may receive a finder fee equal to up to 6 per cent of the gross proceeds received by the company from purchasers under the offering who were introduced to the company by such finder.

All securities issued and issuable pursuant to this offering are subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws. The closing of the offering is expected to take place on Dec. 30, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange.

About New Break Resources Ltd.

New Break is a proudly Canadian mineral exploration company focused on its Moray gold project located 49 km south of Timmins, Ont., in a well-established mining camp within proximity to existing infrastructure, 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. shareholders also remain leveraged to exploration success in Nunavut, one of the most up and coming regions in Canada for gold exploration and production through New Break's 20-per-cent carried interest in the Sundog gold project, being advanced by Guardian Exploration Inc. The company is supported by a highly experienced team of mining professionals.

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