IMetal Resources Launches $1.5 Million Non-Brokered Private Placement Offering

iMetal Resources Inc. has announced a non-brokered private placement aiming to raise up to $1,500,000. The company will offer 10,000,000 units priced at $0.15 each. Each unit comprises one common share and a transferable share purchase warrant, allowing the purchase of an additional share at $0.20 within two years post-closing.

Proceeds will fund further exploration and drilling on company properties and general working capital. Securities issued will be subject to a hold period of four months and one day. Possible finder’s fees align with TSX Venture Exchange policies, with issuance contingent on necessary approvals.