Arbor Metals Closes Second Tranche of Private Placement
NEWS RELEASE
ARBOR METALS CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
Vancouver, Canada – November 8 th, 2024 – Arbor Metals Corp. (“ Arbor” or the “ Company”)
(TSXV: ABR, FWB: 432) is pleased to announce that it has closed the second tranche of its non-
brokered private placement (the “ Offering”) for addiƟonal gross proceeds of $681,800. In
connecƟon with closing of the second tranche of the Offering, the Company has issued a further
200,000 units (each, an “NFT Unit”) at a price of $0.35 per NFT Unit, and 1,330,000 flow-through
units (each, an “FT Unit”, and collecƟvely with the NFT Units, the “Offered SecuriƟes”) at a price
of $0.46 per FT Unit. When combined with the first tranche of the Offering, the Company has
raised gross proceeds of $2,935,349 through the issuance of 885,000 NFT Units and 5,707,824 FT
Units.
Each NFT Unit consists of one common share of the Company (each a “ Unit Share”) and one
common share purchase warrant (each, a “Warrant”). Each FT Unit consists of one common share
of the Company issued as a “flow-through share” within the meaning of the Income Tax Act
(Canada) and one-half of one Warrant. Each whole Warrant enƟtles the holder to purchase one
addiƟonal common share of the Company (each, a “ Warrant Share”) at a price of $0.60 at any
Ɵme on or before November 8, 2025.
The Company intends to complete further tranches of the Offering, in any combina Ɵon of NFT
Units and FT Units, for total gross proceeds from the Offering of $4,000,000. The net proceeds
raised from the Offering will be used for the further advancement of the Jarnet Lithium Project
and for working capital purposes. Proceeds from the sale of the FT Units will be used to incur
“Canadian exploraƟon expenses” as defined in subsecƟon 66.1(6) of the Income Tax Act and “flow
through mining expenditures” as defined in subsec Ɵon 127(9) of the Income Tax Act . Such
proceeds will be renounced to the purchasers of FT Units with an effec Ɵve date not later than
December 31, 2024, in the aggregate amount of not less than the total amount of gross proceeds
raised from the issue of the FT Units.
In connecƟon with closing of the second tranche of the Offering, the Company paid $40,908 and
issued 91,800 Warrants to certain arms- length par Ɵes, including GloRes SecuriƟes Inc., who
assisted in introducing subscribers to the Offering. The Company may pay addiƟonal finders’ fees
to eligible par Ɵes in connec Ɵon with closing of further tranches of the Offering. All securi Ɵes
issued in connecƟon with the second tranche of the Offering are subject to restricƟons on resale
unƟl March 9, 2025, in accordance with applicable securi Ɵes laws. Comple Ɵon of further
tranches of the Offering remains subject to the approval of the TSX Venture Exchange.
This news release shall not cons Ɵtute an offer to sell or the solicita Ɵon of an offer to buy the
Offered SecuriƟes, nor shall there be any sale of the Offered SecuriƟes in any jurisdicƟon in which
such offer, solicitaƟon or sale would be unlawful prior to the registra Ɵon or qualifica Ɵon under
the securiƟes laws of any such jurisdic Ɵon. The Offered Securi Ɵes being offered will not be, and
have not been, registered under the United States Securi Ɵes Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining explora Ɵon company focused on developing high -value,
geographically significant mineral projects worldwide. Arbor is paving the way for advanced
mineral exploraƟon as it oversees world -class mining projects. The Company is confident that
combining quality projects with proven strategies and a dedicated team will yield excep Ɵonal
outcomes.
For further informa Ɵon, contact Mark Ferguson, Chief Execu Ɵve Officer, at
[email protected], or 403.852.4869, or visit the Company’s website at
www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief ExecuƟve Officer
Neither the TSX Venture Exchange nor its Regula Ɵon Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United
States Private SecuriƟes LiƟgaƟon Reform Act of 1995 and applicable Canadian securi Ɵes laws. When or
if used in this news release, the words “an Ɵcipate” , “believe”, “esƟmate”, “expect”, “target, “plan”,
“forecast”, “may”, “schedule” and similar words or expressions iden Ɵfy forward -looking statements or
informaƟon. These forward -looking statements or informa Ɵon may relate to further exploraƟon of t he
Jarnet Lithium Project, the intended use of proceeds from the Offering , the anƟcipated closing of further
tranches of the Offering, and other factors or informa Ɵon. Such statements represent the Company’s
current views with respect to future events and are necessarily based upon a number of assumpƟons and
esƟmates that, while considered reasonable by the Company, are inherently subject to significant business,
economic, compe ƟƟve, poli Ɵcal and social risks, con Ɵngencies and uncertain Ɵes. Many f actors, both
known and unknown, could cause results, performance, or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume any obligaƟon, to update these forward-
looking statements or informaƟon to reflect changes in assump Ɵons or changes in circumstances or any
other events affecƟng such statements and informa Ɵon other than as required by applicab le laws, rules
and regulaƟons.