Mr. Bryan Atkinson reports
WAYFINDER CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT
Wayfinder Metals Corp. has closed its offering, previously announced on July 7, 2026, with the sale of an aggregate of 8,737,795 units at a price of 12 cents per unit for total gross proceeds of $1,048,535. Each unit consists of one common share of Wayfinder and one-half of a share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 20 cents per share for a period of two years from the date of issuance.
In connection with the sale of these units, Wayfinder paid a total of $28,141 in cash and issued 234,510 finder's warrants to an eligible finder for certain of the units sold. Each finder's warrant entitles the holder to purchase one common share of Wayfinder at a price of 12 cents per share, for up to two years from the date of issuance.
The net proceeds from the offering will be used for general working capital requirements. All securities issued are subject to a hold period until Nov. 16, 2026.
Certain insiders of Wayfinder, being directors and officers of Wayfinder and companies controlled by them, participated in the offering, acquiring a total of 759,167 units. Such subscription by these insiders for a portion of the offering constitutes a related party transaction for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but Wayfinder is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the subscription, insofar as it involves the insiders of Wayfinder does not exceed 25 per cnet of the market capitalization of the issuer, as determined in accordance with MI 61-101.
The offering did not result in the creation of a new control person.
For additional information with respect to this offering, please refer to Wayfinder's news release dated July 7, 2026, available for viewing on Wayfinder's SEDAR+ profile.
About Wayfinder Metals Corp.
Wayfinder is focused on acquiring high-quality base and precious metal assets globally.
We seek Safe Harbor.
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