Yukon Metals Elevates Private Placement to C$10 Million
Vancouver, British Columbia – Yukon Metals Corp. (CSE: YMC, FSE: E770, OTC: YMMCF) is excited to announce a significant enhancement to its private placement initiative. In conjunction with its previously shared plans, the company, alongside Cormark Securities Inc. and Canaccord Genuity Corp. as co-agents, has decided to upsize the private placement to an impressive C$10 million.
Details of the Offering
The latest Offering comprises the issuance of 18,181,818 units priced at C$0.55 each. This includes one common share and half a warrant for each unit. The warrants allow investors to purchase additional shares at a rate of C$0.80 until 36 months following the Offering's closing.
Co-Agent Options
The Co-Agents have also been granted an option to further increase this Offering by up to C$1,500,000 if they seize this opportunity prior to the Closing Date.
Regulatory Compliance
In adherence to the necessary regulatory standards, units will be available for Canadian residents, excluding Quebec, and other select jurisdictions, utilizing exemptions from the prospectus requirement as outlined in the National Instrument 45-106.
This initiative is designed to ensure that Yukon Metals complies with all relevant regulations, including possible sales in the U.S. and other regions, under specific exemptions of the United States Securities Act.
Investment Strategy
The funds generated from this Offering are poised to bolster Yukon Metals' operational capacity and general corporate goals. The completion date for the Offering is anticipated to be close to April 9, 2025, depending on regulatory standards and conditions.
About Yukon Metals Corp.
Yukon Metals embodies a financially stable entity with over 30 years of prospecting experience schooled by the Berdahl family. Its diverse property portfolio focuses mainly on copper-gold and silver-lead-zinc assets with a significant gold and silver share.
The Company’s strength lies not only within its resource capabilities but also its commitment to sustainable development and community collaboration. Yukon Metals thrives on a foundation built by experienced leaders dedicated to enhancing societal and financial value.
The Yukon Advantage
The Yukon is recognized for its mineral potential, ranking 10th globally by the Fraser Institute’s recent survey. Moreover, its local communities boast a well-trained workforce, benefiting from a rich tradition of exploration and land stewardship.
With promising prospects like Snowline Gold’s recent discoveries, the Yukon continues to unveil exciting mining opportunities aimed at supporting both local economies and shareholders alike.
Contact Information
If you have inquiries or need further clarification regarding this Offering, please feel free to reach out to the following contacts:
Rory Quinn
President & CEO
Email: roryquinn@yukonmetals.com
Phone: 604-366-4408
Kaeli Gattens
Vice President, Investor Relations & Communications
Email: kaeligattens@yukonmetals.com
Website: www.yukonmetals.com
Frequently Asked Questions
What is the total amount raised in the private placement?
The private placement has been upsized to a total of C$10 million.
Who are the Co-Agents involved in this Offering?
The Co-Agents are Cormark Securities Inc. and Canaccord Genuity Corp.
What will the funds from the Offering be used for?
The net proceeds will be allocated for working capital and general corporate purposes.
When is the expected closing date for the Offering?
The Offering is expected to close around April 9, 2025.
What is the significance of the Yukon region for mining companies?
The Yukon ranks highly for its mineral potential and is known for its experienced local workforce, contributing to its appeal for mining businesses.
