Search Minerals closes upsized non-brokered private placement for C$ 1.1 million
Bitget2026/09/23 21:16- 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.
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