Mr. Rasool Mohammad reports
ARYA RESOURCES LTD. (RBZ) ANNOUNCES FLOWTHROUGH AND NON-FLOWTHROUGH FINANCING
Arya Resources Ltd. has arranged a flow-through financing of up to 3,846,154 common shares and up to 4.2 million units of non-flow-through financing, as per the terms below:
- Up to 4.2 million units, each composed of: (i) one common share; and (ii) one common share purchase warrant, at a price of 10 cents per unit; plus
- Up to 3,846,154 common shares which will qualify as a flow-through share as that term is defined in Subsection 66(15) of the Income Tax Act (Canada), at a price of 13 cents per FT share.
Gross proceeds: up to $920,000. The issuer reserves the right to increase or decrease the size of the offering in its sole discretion subject to any required approval by the exchange.
Warrant terms: A warrant is exercisable to purchase one common share at a price of 25 cents for a period of 24 months after closing. The warrants are non-transferable.
A finder fee may be paid to persons appropriately registered as a dealer or adviser (including exempt market dealer), subject to compliance with applicable securities laws and the approval of the exchange, in the following amounts:
- Cash equal to 7 per cent of the aggregate subscription proceeds from units/FT shares sold by the issuer to subscribers introduced by the finder to the issuer; and
- A number of finder warrants, having the same terms as the warrants, equal to 7 per cent of the aggregate number of units/FT shares sold by the issuer to subscribers introduced by the finder to the issuer.
The flow-through funds raised will be used to explore the company's mineral properties in Saskatchewan. The non-flow-through funds will be used for general working capital.
As per Arya's March 19, 2025, news release, the company has received all the necessary permits for an exploration program, including drilling on its Wedge Lake gold project in Saskatchewan.
About Arya Resources Ltd.
Arya is a Tier 2 listed mining and mineral exploration company. The company is focused on acquiring, exploring and developing precious metals and energy metals including gold, silver, copper, nickel and cobalt in stable jurisdictions.
We seek Safe Harbor.
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