LIFE upsizes $8.85M unit financing, secures C$5M for Magno and Copeçal
LIFE•LIFE will issue 9.375M non-flow-through units at $0.16 and 28.644M flow-through units at $0.22 for up to C$7.80M gross proceeds, plus 6.56M units for C$1.05M in a concurrent placement. It also secured C$5.0M financing at C$0.25 per unit to fund Magno and Copeçal critical mineral projects.
1. Upsized NFT and FT Unit Offering
LIFE amended its best efforts private placement to issue up to 9,375,000 non-flow-through units at $0.16 and 28,643,880 flow-through units at $0.22 for combined gross proceeds of C$7.80M under NI 45-106 exemptions.
2. Concurrent Private Placement Details
Concurrent with the upsized offering, LIFE will issue 6,562,500 non-flow-through units at $0.16 for C$1.05M gross proceeds under separate prospectus exemptions, with Beacon Securities acting as sole agent.
3. C$5M Financing for Magno and Copeçal Projects
LIFE entered an agreement with Research Capital as exclusive finder to raise approximately C$5.0M through unit sales at C$0.25 under the Listed Issuer Financing Exemption, directing funds toward advancing Magno and Copeçal critical mineral projects.
