iMetal Resources closes $3 million private placement at $0.10 per unit

Reuters2026/08/18 08:47

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Closed a non-brokered private placement of 30,000,000 units at $0.1 per unit for gross proceeds of $3 million.
Each unit includes one common share, one transferable warrant exercisable at $0.18 through Aug. 17, 2029.
McFarlane Lake Mining bought 14,200,852 units, lifting its stake to about 19.9%.
Investor rights agreement grants McFarlane one board nomination right, advisory role on exploration at the Gowganda West property.
Paid $213,850 in cash commissions, issued 2,093,500 broker warrants tied to the financing.

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. iMetal Resources Inc. published the original content used to generate this news brief on August 18, 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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iMetal Resources closes $3 million private placement at $0.10 per unit

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