iMetal Resources closes $3 million private placement at $0.10 per unit

• Closed a non-brokered private placement of 30,000,000 units at $0.1 per unit for gross proceeds of $3 million.
• Each unit includes one common share, one transferable warrant exercisable at $0.18 through Aug. 17, 2029.
• McFarlane Lake Mining bought 14,200,852 units, lifting its stake to about 19.9%.
• Investor rights agreement grants McFarlane one board nomination right, advisory role on exploration at the Gowganda West property.
• Paid $213,850 in cash commissions, issued 2,093,500 broker warrants tied to the financing.

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