iMetal Resources Inc. (TSXV:IMR) announced a non-brokered private placement of units at a price of CAD 0.10 per unit and flow through shares at a price of CAD 0.13 per share for gross proceeds up to CAD 2,000,000 on May 18, 2021. Each unit will consist of one common share and one transferrable share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.20 per share for a period of 24 months. The company may pay finders fees in the transaction. All securities to be issued will be subject to a four-month-and-one-day statutory hold period. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.