Saga Metals Corp. (TSXV: SAGA, OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) (“SAGA” or the “Firm”), a North American exploration firm targeted on vital mineral discoveries, pronounces along with a information launch dated April 24, 2026 that it has closed an oversubscription financing by means of a non-brokered non-public placement of gross proceeds. The CAD 10,236,486.65 (the “Providing”) consists of 15,748,441 flow-through widespread share models (“FT Items”) of the Firm, valued at CAD 0.65 per FT Unit.
Mike Stier, CEO of Saga Metals, commented: “We’re extraordinarily happy with the nice success of this considerably oversubscribed financing.” “This sturdy demand displays the arrogance of our shareholders in our group and our portfolio of serious mineral property. We want to sincerely thank our present shareholders for his or her continued assist and welcome our new buyers. This capital enhance strengthens our monetary place and provides us the monetary energy to offer preliminary sources for 2 initiatives within the close to time period.”
Every FT Unit consists of 1 flow-through widespread share as outlined in part 66(15) of the Earnings Tax Act (Canada) (the “Tax Act”) and one-half of 1 transferable “non-flow-through” widespread share buy warrant (every complete Warrant a “Warrant”). Every Complete Warrant entitles its holder to buy one “non-flow-through” widespread share within the capital of the Firm (a “Warrant”) at a worth of C$1.10 for a interval of 24 months from the cut-off date of the Providing (the “Termination Date”). The warrant shares underlying the FT Items don’t qualify as “flow-through shares” for tax functions.
Pursuant to the Providing, the Firm paid an mixture quantity of C$550,713.54 and issued a complete of 847,252 non-transferable finder warrants (the “Finder Warrants”) to unbiased events. Every Finder Warrant is exercisable at any time previous to the 24-month anniversary of the Closing Date to acquire shares of widespread inventory on the train worth. C$1.10 per widespread share.
Every of the Warrants and Finders’ Warrants is topic to the Firm’s proper to increase the expiration date of the Warrants to a date that’s 30 days after the distribution of a information launch asserting the shortening of such expiry date if, at any time after the Closing Date, the closing worth of the Firm’s widespread inventory on the TSX Enterprise Change is the same as or higher than C$1.75 for any ten (10) consecutive buying and selling interval.
All securities issued in reference to the providing will likely be topic to a maintain interval of 4 months and sooner or later from the cut-off date in accordance with relevant securities legal guidelines.
Gross proceeds from the FT Items will likely be utilized by the Firm for “Canadian Exploration Bills,” that are “flow-through vital mineral extraction expenditures” (as such time period is outlined within the Tax Act) on the Firm’s Canadian mineral useful resource property.
SAGA’s securities haven’t been and won’t be registered below the USA Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines, and might not be provided or offered in the USA absent an exemption from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines.
No securities regulatory authority has reviewed or authorised the contents of this information launch. This information launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase SAGA’s securities in any jurisdiction through which such provide, solicitation or sale could be illegal.
Advertising Companies Settlement with Capitaliz Advertising Inc.
Along with the settlement introduced on March 5, 2026, we’ve signed an addendum with Capitaliz Advertising Inc. (“Capitaliz”) that will increase our marketing campaign finances by an extra C$200,000 (CAD). The phrases of the unique contract stay in place. Capitaliz will proceed to offer investor consciousness and digital advertising providers, together with digital promoting, content material improvement, and coordination with third-party publishers and content material creators. There are not any stock-based, performance-based, or performance-based compensation payable below the Unique Settlement or any Addendum to this Settlement. All actions are performed below our management and supervision in accordance with relevant securities legal guidelines and TSXV insurance policies.
About Saga Metallic Co., Ltd.
Saga Metals Corp. is a North American mining firm targeted on the exploration and discovery of quite a lot of vital minerals that assist North America’s transition to safety of provide. The Radar Ti-V-Fe mission consists of 24,175 hectares, fully surrounding the Dykes River Intrusion Complicated and mapped to 160 km² of the floor close to Cartwright, Labrador. Exploration to this point, together with 13,337 m of drilling, has recognized a big mineralized layered mafic intrusion with vanadite-titanium magnetite (VTM) and high-grade titanium and vanadium-bearing ilmenite mineralization.
The Firm has signed a definitive settlement to amass 100% of the Wolverine Heavy Uncommon Earth Components Undertaking in Labrador, a near-surface uncommon earth aspect system hosted inside a peralkaline caldera complicated that shares sturdy geological similarities with the Tambreeze and Unusual Lake deposits. The mission options constant mineralization in a zone spanning 26 km2 and contains drill evaluation of as much as 2.03% TREO with an HREO content material of roughly 28% and pattern evaluation of as much as 21.6% TREO.
The Doublemar Uranium Undertaking covers 25,600 hectares and options uranium radiometry highlighting an 18 km east-west development, with a 14 km part confirmed to provide samples as excessive as 0.428% U3O8. (2024 Double Mer Technical Report).
As well as, SAGA owns the Legacy Lithium Undertaking situated within the Eyou-Istich-James Bay area of Quebec. The mission spans 65,849 hectares and shares vital geological continuity with different main firms within the area, together with Rio Tinto, Li-FT Energy, SOQUEM and Royal Metals.
SAGA is strategically positioned to play a key position in securing vital minerals, with a portfolio spanning key commodities vital to a clear vitality future.
on behalf of the board of administrators
Mike Steer, Chief Government Officer
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Disclaimer
This information launch comprises forward-looking statements that aren’t historic details inside the which means of relevant securities legal guidelines. Ahead-looking statements are sometimes recognized by terminology comparable to “will,” “might,” “ought to,” “anticipated,” “anticipated,” “imagine” and comparable expressions or the adverse of those phrases or different equal terminology. All statements apart from historic details contained on this launch are forward-looking statements that contain dangers and uncertainties. Specifically, this information launch comprises forward-looking data concerning the phrases and circumstances of our providing, the mixture proceeds from the providing and using the proceeds from the providing. There will be no assurance that such statements will show to be correct or precise outcomes, and future occasions might differ materially from these anticipated in such statements. Necessary elements that would trigger precise outcomes to vary materially from our expectations embody, however will not be restricted to, adjustments in fairness and debt market circumstances, fluctuations in commodity costs, delays in acquiring essential regulatory or governmental approvals, environmental dangers, insurance coverage protection limitations, the inherent dangers and uncertainties related to the mineral exploration and improvement trade, notably given the early-stage nature of our property, and the dangers detailed within the steady disclosure paperwork we file with securities regulators every so often. Accessible out of your SEDAR+ profile at www.sedarplus.ca. Readers are cautioned that the assumptions utilized in getting ready forward-looking data might show to be incorrect. Occasions and circumstances might trigger precise outcomes to vary materially from these anticipated because of a lot of identified and unknown dangers, uncertainties and different elements, a lot of that are past the Firm’s management. Readers are cautioned to not place undue reliance on forward-looking data. Though such data is taken into account cheap by administration on the time of preparation, it could show to be incorrect and precise outcomes might differ materially from these anticipated. The forward-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch, and the Firm will publicly replace or revise any forward-looking statements contained herein solely as expressly required by relevant legislation.
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