Flow Metals Announces Financing
"Following the grant of a 10-year Class 3 Quartz exploration permit at Sixtymile, we are preparing for a substantially expanded work program next year," stated Scott Sheldon, President and CEO of Flow Metals. "This financing positions us to begin preparations for a focused drill campaign in 2026 aimed at advancing the core targets at Sixtymile and evaluating additional high-priority structures across the property."
The Offering will consist of units (each, a "Unit") issued at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company and one-half of one transferable common share purchase warrant (with two such half warrants being a "Warrant"). Each Warrant will entitle the holder for a period of twenty-four (24) months from the date of issue, to purchase one additional common share of the Company at an exercise price of $0.10 per share.
The Company plans to use the net proceeds of the Offering to fund exploration and development of its projects in the Yukon and British Columbia, for working capital and general corporate purposes.
The Company anticipates that current insiders of the Company may participate in the Offering. Finder's fees may be paid in cash and/or warrants to qualified persons who introduce the Company to investors. The Offering may be closed in one or more tranches as subscriptions are received. The securities issued in connection with the Offering will be subject to a four-month hold period in accordance with applicable securities laws.
The securities offered have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Flow Metals
Flow Metals Corp. is focused on advancing its two 100%-owned, road-accessible projects located in established mining districts. The Company's flagship asset is the Sixtymile hard-rock gold project in Yukon, situated in the heart of the historic Sixtymile placer camp.
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