Trailbreaker Resources Ltd. has completed a non-brokered charity flow-through private placement raising $3.5 million. The company issued 2,500,000 CMETC flow-through units at $0.56 per unit for $1.4 million and 4,200,000 flow-through units at $0.50 per unit for $2.1 million. All securities are subject to a standard four-month hold period in Canada.
The financing structure is designed to fund eligible Canadian exploration expenses under the Income Tax Act. Proceeds from the CMETC flow-through units will specifically target critical mineral exploration expenses, while proceeds from the standard flow-through units will fund flow-through mining expenditures. For eligible British Columbia purchasers, these qualify as BC flow-through mining expenditures under provincial tax legislation.
According to the announcement, the company will use an amount equal to the gross proceeds to incur qualifying exploration expenses on its British Columbia properties by December 31, 2027. These expenditures will be renounced to initial purchasers effective December 31, 2026, providing tax benefits to investors through the flow-through share mechanism. Each unit consists of one flow-through common share and one-half of a common share purchase warrant, with full warrants exercisable at $0.50 for 24 months from issuance.
The company paid cash finders' fees totaling $108,150 and issued 324,000 non-transferable broker warrants exercisable at $0.50 for two years in accordance with exchange policies. The private placement remains subject to final exchange approval. Trailbreaker Resources indicated the proceeds will advance the company's various exploration projects, though specific project details were not provided in the release. For new information about the company's projects, please visit TrailbreakerResources.com. The original release can be viewed on www.newmediawire.com.
