Mr. Rasool Mohammad reports
ARYA RESOURCES LTD. (RBZ) ANNOUNCES UPSIZING OF NON-FLOW-THROUGH FINANCING DUE TO INCREASED INVESTOR INTEREST
Arya Resources Ltd. has increased the size of its previously announced non-flow-through financing from 4.2 million units to 5.1 million units, pursuant to the terms set forth below:
- Up to 5.1 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 flow-through shares 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 $1.01-million. 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's 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 development of precious metals and energy metals, including gold, silver, copper, nickel and cobalt in stable jurisdictions.
We seek Safe Harbor.
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