Mr. Scott Sheldon reports
FLOW METALS ANNOUNCES FINANCING
Flow Metals Corp. will conduct a non-brokered private placement to raise aggregate gross proceeds of up to $400,000.
"Following the grant of a 10-year Class 3 quartz exploration permit at Sixtymile, we are preparing for a substantially expanded work program next year," stated Scott Sheldon, president and chief executive officer of Flow Metals. "This financing positions us to begin preparations for a focused drill campaign in 2026 aimed at advancing the core targets at Sixtymile and evaluating additional high-priority structures across the property."
The offering will consist of units issued at a price of five cents per unit. Each unit will consist of one common share of the company and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder for a period of 24 months from the date of issue to purchase one additional common share of the company at an exercise price of 10 cents per share.
The company plans to use the net proceeds of the offering to finance exploration and development of its projects in the Yukon and British Columbia and for working capital and general corporate purposes.
The company anticipates that current insiders of the company may participate in the offering. Finders' fees may be paid in cash and/or warrants to qualified persons who introduce the company to investors. The offering may be closed in one or more tranches as subscriptions are received. The securities issued in connection with the offering will be subject to a four-month hold period in accordance with applicable securities laws.
About Flow Metals Corp.
Flow Metals is focused on advancing its two 100-per-cent-owned, road-accessible projects located in established mining districts. The company's flagship asset is the Sixtymile hardrock gold project in Yukon, situated in the heart of the historic Sixtymile placer camp.
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