Search Minerals closes upsized non-brokered private placement for C$ 1.1 million

Bitget2026/09/23 21:16

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Search Minerals closed a fully subscribed upsized non-brokered private placement totaling C$ 1.1 million in gross proceeds.
Final tranche raised C$ 284,999.85 via 1,055,555 flow-through units priced at C$ 0.27 each.
Each flow-through unit includes one flow-through share, plus a half-warrant exercisable at C$ 0.35 for 36 months.
Proceeds target exploration spending at the Foxtrot and Deep Fox projects in Labrador, plus working capital from the unit financing.
Financing included C$ 49,000 in cash finder’s fees, plus 181,110 finder’s warrants; TSX Venture Exchange acceptance remains pending.

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. Search Minerals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609231715NEWSFILECNPR____20260923_315770_1) on September 23, 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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Search Minerals closes upsized non-brokered private placement for C$ 1.1 million

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