Galway Metals Closes $5.47 Million Private Placement

Galway Metals Inc. has announced the closing of a non-brokered private placement. This financing totaled approximately $5.47 million through the issuance of flow-through shares and units. Specifically, 7,331,376 flow-through shares were sold at a price of $0.58 each, alongside 2,341,000 units at $0.52 each. Each unit consists of one common share and half a common share purchase warrant, exercisable at $0.70 for two years.

The proceeds are earmarked for Canadian exploration expenses, contributing as flow-through mining expenditures under the Tax Act. The placement remains subject to TSX Venture Exchange approval. Arm’s-length finders received cash commissions totaling $218,880.72.