11:50:11 EDT Thu 31 Jul 2025
Enter Symbol
or Name
USA
CA



Dunbar Metals Corp
Symbol DMC
Shares Issued 19,050,000
Close 2024-12-30 C$ 0.16
Market Cap C$ 3,048,000
Recent Sedar Documents

Dunbar Metals arranges $1-million financing

2024-12-31 14:44 ET - News Release

Mr. Mark Ferguson reports

DUNBAR METALS ANNOUNCES UP TO $1,000,000 FINANCING ON BEST EFFORTS BASIS

Dunbar Metals Corp. will conduct a financing for gross proceeds of up to $1-million at a price of 12 cents per unit, with each unit consisting of one common share and one full warrant exercisable at 16 cents per share for a period of 36 months. The financing will be undertaken on a best-effort basis.

The proceeds from this financing are intended to be used for advancing work on Dunbar's Gorilla Lake project, potential acquisitions and general working capital purposes. However, the company cautions that it currently does not have any firm commitments or orders for the financing and cannot guarantee that it will be successful in raising all or any portion of the intended funds.

"This financing represents a critical step for Dunbar Metals as we seek to progress our exploration and development activities at Gorilla Lake and bolster our strategic initiatives," commented Mark Ferguson, chief executive officer of Dunbar. "While we are optimistic about our prospects, we must acknowledge the inherent uncertainties in raising capital under current market conditions."

Dunbar remains focused on enhancing shareholder value through disciplined capital allocation and prudent resource management. The company continues to evaluate opportunities that align with its growth objectives, leveraging its expertise in the resource sector to navigate evolving market dynamics.

The financing is made to accredited investors within the meaning of National Instrument 45-106, and completion of the financing is subject to acceptance of the Canadian Securities Exchange. All securities issued in connection with the financing will be subject to a statutory hold period expiring four months and one day from the closing. Finders' fees may be payable in connection with the sale of the units in accordance with applicable securities laws.

About Dunbar Metals Corp.

Dunbar Metals is a resource exploration company focused on unlocking the potential of the Gorilla Lake uranium project, located in the heart of Saskatchewan's prolific Athabasca basin. The company's mission is to explore and develop high-potential mineral properties, leveraging the latest in exploration technology to discover and advance world-class projects. At Dunbar Metals, the company is committed to responsible exploration, sustainable development and maximizing shareholder value.

We seek Safe Harbor.

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