Temas Resources Corp. Announces Private Placement Offerings

Vancouver-based Temas Resources Corp. has announced its plan to execute non-brokered private placements, aiming to raise up to C$500,000. The fundraising will involve selling 6,666,666 units at C$0.075 each. Notably, 2,000,000 units will be available under the Listed Issuer Financing Exemption (LIFE Offering), while the remaining 4,666,666 units will be part of a concurrent private placement.

Each unit includes one common share and one purchase warrant, allowing the holder to buy an additional share at C$0.18 within a year. If the common shares reach C$0.22 or higher for five consecutive days, Temas may accelerate the warrants' expiry.

The offerings, exempt from commissions, aim to fund general working capital and marketing. Closing is expected around March 31, 2025. The participation by company insiders categorizes this as a "related party transaction" under specific exemptions.