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iMetal Resources ups private placement to $3M to fund exploration and working capital

Company Fundamentals
27 Jul 2026
Newsfile Corp
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Bullish
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iMetal Resources Inc. announced an increase in its non-brokered private placement to raise up to $3 million by issuing 30 million units at $0.10 each. Each unit includes one common share and one warrant exercisable at $0.175 for 36 months, with an accelerated expiry clause if share prices exceed $0.40 for 20 consecutive days. The funds will be used for further exploration of its Ontario and Quebec properties and general working capital. The offering is subject to regulatory approval and TSXV acceptance, with Integrity Capital Group acting as financial advisor.

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