EraNova Metals to Raise up to CA$880,000 Via Non-Brokered Private Placement

10:07 AM EDT, 10/30/2026 (MT Newswires) -- EraNova Metals (NOVA.V) plans to raise gross proceeds of up to CA$880,000 through a non-brokered private placement, it said Friday. The private placement will include up to 6.8-million units at a price of CA$0.13 each. Each unit will be made up of a share and one-half of a warrant, with each whole warrant entitling the holder to buy an additional share at a price of CA$0.25 per share for a period of three years following the date of issuance, EraNova said. The company expects the private placement to close "as soon as practicable" in one or more tranches, it said. "The Company intends to use the net proceeds from the Private Placement to support initiatives aimed at expanding EraNova's corporate profile and investor awareness in international markets, strengthening its technical and operational team, advancing exploration target definition and undertaking preparatory work for a planned summer 2027 drill program at its flagship Ruby Creek Property, and for general working capital purposes," added EraNova Metals. The company's shares were last seen unchanged at CA$0.12 on the TSX Venture Exchange.