Temas Resources Completes Private Placement and Releases Early Warning Report

Temas Resources Corp., based in Vancouver, has finalized a non-brokered private placement, raising $525,500.25. Initially aiming for $500,000, the company increased the amount due to high demand. A total of 7,006,669 units were sold at C$0.075 each. Each unit includes one common share and one warrant, with warrants allowing for the purchase of an additional share at C$0.18 until March 2026.

Significantly, director S. Kyler Hardy acquired 4,000,002 units, leading to an increase in his share ownership from 10.68% to 20.34%. This transaction is exempt from certain regulatory requirements. The raised funds are designated for general corporate purposes and marketing, with securities restricted from U.S. sales absent registration or exemption.

The company reports on the increase in ownership in compliance with the Early Warning System regulations. Interested parties can access the related report via the SEDAR+ platform.