Mr. Rasool Mohammad reports
ARYA RESOURCES CLOSES PRIMARY TRANCHE OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2,585,000 AND INCREASES FLOW-THROUGH OFFERING BY $30,000
Arya Resources Ltd. has closed the primary tranche of its non-brokered private placement announced on April 8, 2026, and April 15, 2026, issuing an aggregate of 4.32 million flow-through shares at a price of 50 cents per share ($2.16-million) and 944,445 non-flow-through shares at 45 cents per share ($425,000.25), for total gross proceeds of $2,585,000.25. The remaining balance of the flow-through portion of the offering at 50 cents per share, in the amount of $30,000, will be upsized to $50,000 (for a grand total of 4.42 million flow through shares for gross proceeds of $2.21-million) to accommodate a final oversubscription.
In connection with this tranche, finder fees were paid in the aggregate amount of $148,750.03 in cash and 301,000 finder warrants exercisable into common shares at a price of 50 cents per share for two years. All securities issued are subject to a hold period until Sept. 2, 2026. The offering remains subject to the final approval off the TSX Venture Exchange.
An insider of the company purchased 80,000 shares, which represents 1.52 per cent of the shares issued in the tranche, and 0.16 per cent of the issued and outstanding shares upon closing. The participation by insiders constitutes a related party transaction under the policies of the TSX-V and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a), (b) and (c), and 5.7(1)(a) and (b), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of nor of the consideration for the transaction, insofar as it involves related parties, exceeds 25 per cent of the issuer's market capitalization, that no securities of the company are listed or quoted on certain exchanges or markets specified in MI 61-101, and that the transaction is a distribution of securities of the issuer to a related party for cash consideration and neither the issuer nor, to the knowledge of the issuer after reasonable inquiry, the related party has knowledge of any material information concerning the issuer or its securities that has not been generally disclosed.
About Arya Resources Ltd.
Arya Resources is a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and critical metal projects in Saskatchewan. The company is advancing its flagship Wedge Lake gold project and its Dunlop nickel-copper-cobalt project, both located in mining-friendly jurisdictions with excellent infrastructure.
As a Tier 2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through discovery-driven exploration, disciplined execution and responsible development.
We seek Safe Harbor.
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