Critical One Energy closes CDN$5.63 million flow-through share private placement tranche

Reuters2026/07/31 20:22

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Critical One Energy closed a first-tranche, non-brokered flow-through private placement raising CDN$ 5.63 million at CDN$ 1.1 per share.
Issued 5,116,910 flow-through common shares; offering targets up to 6,250,000 shares for total gross proceeds of CDN$ 6.88 million.
Paid CDN$ 333,216.05 in finder’s fees; issued 302,924 finder’s warrants exercisable at CDN$ 1.65 for 18 months.
Proceeds earmarked for eligible Canadian exploration expenses qualifying as flow-through mining expenditures under Canada’s Income Tax Act.
Second tranche targeted by Aug. 14, 2026 for up to CDN$ 1.25 million, issuing up to 1,133,090 flow-through shares at CDN$ 1.1.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Critical One Energy Inc. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Critical One Energy closes CDN$5.63 million flow-through share private placement tranche

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