Metallis Resources Inc. announced a non-brokered private placement to issue 8,437,000 units at an issue price of CAD 0.16 per unit for gross proceeds of CAD 1,349,920 on May 22, 2025. Each unit will consist of one common share and one non-transferable share purchase warrant exercisable into one common share at a price of CAD 0.26 per share for a 3-year period. Shares issued on closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.
Closing of the private placement is subject to receipt of all necessary regulatory approvals and final acceptance by the TSXV. Finders' fees may be paid in accordance with securities regulations.
