Timmins, Ontario — February 24, 2026 — Leads & Copy — Melkior Resources Inc. plans to raise up to $650,000 through a non-brokered private placement. The funds will support exploration, including a drill program at the Beschefer East Project.
The private placement will involve issuing up to 5,416,666 flow-through common shares at $0.12 per share. Each share will be part of a unit that includes one-half of a common share purchase warrant. Each whole warrant will allow the holder to buy one additional common share at $0.20 for two years from the issuance date.
The flow-through shares qualify under subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Quebec Tax Act for purchasers in Quebec.
Proceeds from the sale of the shares will be used for “Canadian exploration expenses” and “flow-through mining expenditures” related to the company’s mineral properties, as defined in the Tax Act.
The company may pay a finder’s fee to eligible parties in line with TSX Venture Exchange policies. All securities issued are subject to filing requirements with the Exchange and a four-month statutory hold period after closing.
Certain company directors and officers may participate in the private placement, which is a related-party transaction under Multilateral Instrument 61-101. The issuance of units to directors and officers is exempt from certain valuation and minority shareholder approval requirements of MI 61-101.
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 without registration or an applicable exemption. This release is not an offer to sell or a solicitation to buy securities in the United States or any jurisdiction where such an offer would be unlawful.
Keith James Deluce, Director, has announced the private placement on behalf of the board.
Source: Melkior Resources Inc.
