Ms. Evandra Nakano reports
INFIELD MINERALS CLOSES FINANCING
Infield Minerals Corp. has closed its previously announced non-brokered private placement, in which it raised aggregate gross proceeds of $115,000.
The financing consisted of 3,833,334 common shares of the company at a price of three cents per common share. All common shares issued in connection with the financing are subject to a hold period expiring Jan. 6, 2026.
Subsequent to the financing, the company has 48,703,091 common shares issued and outstanding.
Insiders of the company purchased an aggregate of 1.4 million common shares in the Financingf representing approximately 36.52 per cent of the financing. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.
Early warning disclosure
Prior to closing of the financing, Evandra Nakano, of Vancouver, B.C., owned and controlled 5,376,250 common shares, representing approximately 11.98 per cent of the outstanding common shares (or 6,676,250 common shares and 14.46 per cent of the company's then outstanding common shares on a partially diluted basis, assuming exercise of Ms. Nakano's incentive stock options). Pursuant to the financing, Ms. Nakano acquired 700,000 common shares at a price of three cents per share, representing approximately 1.43 per cent of the outstanding common shares of the company. Following closing of the financing, Ms. Nakano owns and controls 6,076,250 common shares, representing approximately 12.48 per cent of common shares (or 7,376,250 common shares and 14.75 per cent of the company's then outstanding common shares on a partially diluted basis, assuming exercise of Ms. Nakano's incentive stock options). Neither the company nor, to the knowledge of the company after reasonable inquiry, Ms. Nakano have knowledge of any material information concerning the company or its securities which has not been generally disclosed.
The company has been advised that the securities noted above were acquired by Ms. Nakano for investment purposes and Ms. Nakano does not have any present intention to acquire further securities of the company, although she may, in the future, acquire or dispose of securities of the company through the market or otherwise, as circumstances or market conditions warrant.
To obtain a copy of the early warning report filed under applicable Canadian provincial securities legislation, please go to the company's profile under SEDAR+.
Proceeds of the financing will principally be used to finance property costs on the company's mineral properties in Western United States and for general working capital purposes.
About Infield Minerals Corp.
Infield Minerals is currently exploring for gold within the U.S. Great Basin. The company's mission is to grow and deliver value through discovery, acquisitions and sustainable development of high-quality, high-potential assets for the social and economic benefits of its stakeholders. Founded in 2020, Infield is led by a team of mining entrepreneurs with extensive technical and resource evaluation experience.
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