Skip to main content

METALLIS INCREASES NON-BROKERED PRIVATE PLACEMENT TO $1.7 MILLION

Newswire.ca - Fri Jun 6, 2025

VANCOUVER, BC, June 6, 2025 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the "Company" or "Metallis") announces that due to high demand, it has upsized the offering of its non-brokered placement (the "Financing") first announced on May 22, 2025, from 8,437,500 units to 10,625,000 units, raising the potential gross proceeds from $1,350,000 to $1,700,000. The Financing will consist of up to 10.625 million units at a price of $0.16 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.26 per share for a 3-year period.

Read more at newswire.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.