Aeonian Resources (TSXV:ALTN) Closes Private Placement

VANCOUVER, BC — December 23, 2025 — Leads & Copy — Aeonian Resources Corp. has completed a non-brokered private placement, raising gross proceeds of $800,400.00 through the issuance of 20,010,000 units at a price of $0.04 per unit.

The company also announced that Michael Gentile has become a strategic investor, acquiring 11,950,000 units through the offering. This represents a 19.55% ownership interest in Aeonian on a basic post-offering basis and 32.71% on a partially diluted basis. Warrant exercise limitations are in place to maintain compliance with applicable ownership thresholds.

Gentile is known as a strategic investor in the junior mining sector, with significant ownership positions in more than 20 publicly traded mining and exploration companies. He is recognized for identifying geological opportunities early in the discovery cycle and for his long-term investment approach.

According to Aeonian Resources CEO Andrew Randell, the financing will allow the company to confidently move into its inaugural drill program at Koocanusa in early 2026.

Terry Salman, Chairman & Director, added that he is delighted to have Gentile as a major shareholder.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant allows the holder to purchase one share at an exercise price of $0.07 for 36 months from the issuance date.

All securities issued are subject to a hold period expiring four months and one day from the date of issuance. No finders fees were paid.

Salman acquired 625,000 units in connection with the offering, bringing his aggregate shareholdings to 3,558,000 shares, representing approximately 5.82% of the issued and outstanding shares post-closing. The directors of the company determined that Salman’s participation in the offering was exempt from the formal valuation and minority shareholder approval requirements under MI 61-101.

Aeonian intends to allocate 80% of the offering proceeds to advance exploration activities and unlock value at the Koocanusa Property in British Columbia and 20% for general working capital.

The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or exemptions.

Aeonian Resources Corp. is focused on discovering copper deposits in British Columbia. The company’s Koocanusa Copper Project is located within the Purcell Basin. Aeonian has outlined a 50 km copper corridor with multiple drill ready targets.

Andy Randell is the Chief Executive Officer of Aeonian Resources Corp.

Investor Relations can be contacted at info@aeonianresources.com or by telephone at +1 (604) 349 2090.

Source: Aeonian Resources Corp.

×

Welcome!

Biotech Reporter is the source most up-to-date real-time, direct-from-source News Tips and Story Leads.

By Subscribing you will receive Daily Biotech Update each day at 9:30 am ET (Market Open) in your inbox and you can unsubscribe any time.