SAGA Metals Successfully Closes Private Placement
VANCOUVER, British Columbia — SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a prominent North American exploration company specializing in critical minerals, has successfully closed its latest fully subscribed non-brokered private placement. This strategic move enabled the Company to secure gross proceeds of approximately C$2,988,024.64.
Details of the Offering
As part of this Offering, SAGA issued a total of 7,100,088 flow-through common share units, which are referred to as FT Units, priced at C$0.28 each. This decision resulted in gross proceeds of C$1,988,024.64. Additionally, the Company issued 4,000,000 hard dollar common share units, known as HD Units, priced at C$0.25, generating an additional C$1,000,000 in gross proceeds.
Understanding Flow-Through and Hard Dollar Units
Each FT Unit comprises one flow-through common share and half of one transferable purchase warrant. Holders of these Warrants can purchase additional common shares at a price of C$0.50 until October 10, 2027. It is noteworthy that the Warrant Shares from the FT Units will not qualify as flow-through shares under the Canadian Tax Act.
On the other hand, each HD Unit consists of one common share along with half of one warrant with similar pricing and expiry terms. The Company has set provisions for the right to accelerate the expiry date of the Warrants if the stock reaches a certain price threshold over a specified period.
Use of Proceeds and Fees
The funds generated from the FT Units will be allocated for essential Canadian exploration expenses linked to critical mineral mining on the Company’s properties. Meanwhile, the net proceeds from the HD Units will support general working capital and administrative needs, including investor relations activities.
SAGA has also paid cash finder’s fees that total $130,003 and has issued 478,204 finder’s warrants in relation to the Offering. These finder’s warrants allow holders to purchase common shares at a price of $0.50 per share for two years following the closing date.
Strategic Marketing Initiatives
To enhance investor engagement and communication, SAGA has initiated a digital marketing services agreement with Capitaliz, effective from October 13, 2025. This marketing partnership aims to bolster investor awareness through various digital marketing strategies across multiple social media platforms.
Capitaliz is recognized for connecting public companies with social media influencers and will deliver services over a three-month period. The financial commitment for these services amounts to C$200,000, which will be funded from the Company’s existing working capital.
i2i Marketing Group Collaboration
Additionally, SAGA has entered into an agreement with i2i Marketing Group, LLC to provide corporate marketing and investor awareness services. This partnership comes with an initial budget of US$250,000 and will focus on effective content management and media distribution.
About SAGA Metals Corp.
SAGA Metals Corp. continues to establish itself as a key player in mining, with a focus on exploring and discovering vital critical minerals that are crucial for a sustainable energy transition. The Company manages significant projects, including the Radar Titanium Project in Newfoundland, which encompasses over 24,175 hectares and features strong titanium and vanadium grades.
Another notable project is the Double Mer Uranium Project, expanding over 25,600 hectares in Labrador. This project has highlighted important uranium radiometrics, yielding substantial samples indicative of rich mineralization. Furthermore, SAGA manages the Legacy Lithium Property in Quebec, in partnership with Rio Tinto, further solidifying its position in the critical minerals sector.
Contact Information
For more information about SAGA Metals Corp., individuals can reach out to:
Rob Guzman, Investor Relations
SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
Website: sagametals.com
Frequently Asked Questions
What is the total amount raised in SAGA's recent private placement?
SAGA raised total gross proceeds of approximately C$2,988,024.64 through its private placement.
What will the funds from the FT Units be used for?
The proceeds from the FT Units will be allocated for specific Canadian exploration expenses linked to critical mineral mining.
How many finder’s warrants were issued in connection with the Offering?
478,204 finder’s warrants were issued as part of the Offering to compensate finder’s fees.
What marketing services will Capitaliz provide SAGA?
Capitaliz will provide digital marketing services to enhance investor awareness through various online platforms.
What projects does SAGA Metals currently manage?
SAGA Metals manages several projects, including the Radar Titanium Project and the Double Mer Uranium Project, along with the Legacy Lithium Property in Quebec.
