Mink Ventures plans up to $750,000 private placement

Key Highlights

• Mink Ventures plans a non-brokered private placement of up to $750,000 gross.
• Units are priced at $0.08 (hard dollar) and $0.105 (flow-through).
• Proceeds are intended for Timmins-area exploration programs and general working capital.

Mink Ventures Corporation (TSXV: MINK) has announced a non-brokered private placement for aggregate gross proceeds of up to $750,000. The company said the financing is expected to close in one or more tranches, subject to customary conditions including TSX Venture Exchange approval. The offering includes hard dollar units priced at $0.08 per unit and flow-through units priced at $0.105 per unit. Mink said it plans to use the net proceeds to fund exploration, drilling and advancement across its 115 km² critical minerals project portfolio in the Timmins Camp in Ontario, including planned VTEM work at the Montcalm nickel, copper and cobalt project and diamond drilling at the Warren and Rankin copper-nickel projects. The company also expects to use proceeds from the hard dollar units for general working capital. This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice. Each hard dollar unit will consist of one common share and one common share purchase warrant. Each flow-through unit will consist of one flow-through common share and one common share purchase warrant. In both cases, each warrant is exercisable at $0.16 per share for 36 months from the date of issuance. Mink said the flow-through shares will be issued under the meaning of the Income Tax Act (Canada), and that qualifying exploration expenditures equal to the gross proceeds from the flow-through shares are expected to be renounced to initial purchasers with an effective date no later than Dec. 31, 2026. The securities issued under the offering will be subject to a four-month and one day hold period and will not be sold in the United States. Mink said the initial closing is expected to occur on or around Nov. 17, 2026, and the offering is not subject to a minimum amount of gross proceeds. The company said it may pay certain introducing parties finder’s fees of up to 8% in cash and non-transferable finder warrants, with each finder warrant exercisable at $0.16 per share for 36 months from issuance.

The original press release is available on stockhouse.com