BeMetals, Prospector plan non-brokered private placement of up to 8,000,000 subscription receipts at $0.5 each for up to $4 million

  • BeMetals announced a non-brokered private placement of up to 8,000,000 subscription receipts at CAD 0.5 each to raise up to CAD 4 million.
  • Financing tied to BeMetals’ planned acquisition of Prospector Subco, funded through 29,400,000 BeMetals shares to be distributed to Prospector shareholders.
  • Proceeds to sit in escrow until conditions are met by July 31, 2026, including TSXV approvals, court order, and concurrent transaction close.
  • On release, each receipt converts into a Finco unit with one share plus a half-warrant exercisable at CAD 0.62 for one year.
  • BeMetals plans to rename as Lightning Resource before closing; Finco and Subco to amalgamate into the resulting issuer structure.


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