Mr. John Gomez reports
INOMIN CLOSES PRIVATE PLACEMENT
Inomin Mines Inc. has closed its non-brokered private placement as announced on May 22, 2025. The company issued 6,565,000 units at 3.5 cents per unit for gross proceeds of $229,775. Each unit comprises one common share of the company and one share purchase warrant. Each warrant is exercisable to purchase a share at a price of five cents per share for a period of 24 months from the date of issuance thereof.
All securities issued are subject to a hold period expiring Nov. 4, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The financing remains subject to final acceptance by the TSX-V. Inomin intends to allocate the gross proceeds raised from the sale of the units as follows: 50 per cent for general working capital, 25 per cent to pay non-arm's-length management service fees, 10 per cent for marketing activities and 5 per cent for property evaluations.
The company paid a total of $15,349.25 in cash commission and issued a total of 438,550 broker warrants as finders' fees. Each broker warrant is exercisable for one share at a price of five cents per share for a period of 24 months.
About Inomin Mines Inc.
Inomin Mines is focused on the identification, acquisition and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX-V under the symbol MINE.
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