Surface Metals Inc. announced a non-brokered private placement financing of up to 17,400,000 units at an issue price of CAD 0.055 per unit for aggregate gross proceeds of up to CAD 957,000 on May 5, 2025. Each unit will comprise one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.07 for three years from the closing date of the offering. Finders' fees, including cash and warrants, may be paid on some or all of the offering.
All securities that are issued pursuant to the offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.
