Chicane Capital closes $16.66 million subscription receipt financing tied to Elton Resources deal

• Chicane Capital I’s planned combination with Elton Resources was funded by a brokered private placement raising gross proceeds of $16.66 million.
• Elton issued 41,825,000 subscription receipts at $0.2; Chicane issued 33,431,819 flow-through subscription receipts at $0.22 and 4,700,000 subscription receipts at $0.2.
• Receipts convert into units with shares and half-warrants; warrants carry a $0.3 exercise price and a three-year term.
• Funds were placed in escrow pending transaction conditions; if unmet by Nov. 13, 2026, proceeds are returned and receipts cancelled.
• Trading in Chicane Capital I shares remains suspended pending TSXV acceptance of required transaction filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chicane Capital I Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607161118NEWSFILECNPR____20260716_305445_1) on July 16, 2026, and is solely responsible for the information contained therein.