Beyond Minerals Completes LIFE Offering
Beyond Minerals Completes LIFE Offering
Winnipeg, Manitoba--(Newsfile Corp. - May 11, 2026) - Beyond Minerals Inc. (CSE: BY) (OTCQB:
BYDMF) (the "
Company
" or "
Beyond
") is pleased to announce that it has completed a non-brokered
private placement of 4,040,000 units of Company (the "
Units
") at a price of $0.05 per Unit for aggregate
gross proceeds of $202,000 (the "
Offering
"). Each Unit consists of one common share of the Company
(a "
Share
") and one-half of one common share purchase warrant (each whole warrant, a "
Warrant
"),
with each Warrant entitling the holder thereof to purchase one Share at price of $0.10 per Share for a
period of 24 months following the date of issuance.
The Units were issued to purchasers pursuant to the listed issuer financing exemption (the "LIFE" or
"LIFE Exemption") under Part 5A.2 of National Instrument 45-106 -
Prospectus Exemptions
in all
provinces of Canada, except Quebec.
There is an amended and restated offering document (the "
Offering Document
") related to the Offering
that can be accessed under the Company's profile on SEDAR+ at
www.sedarplus.ca
and on the
Company's website at
www.beyondminerals.ca
.
In connection with the Offering, the Company paid an eligible third party dealing at arm's length with the
Company (the "
Finder
"): (i) a cash commission totaling $11,620, representing 7.0% of the proceeds
raised from subscribers introduced to the Company by such Finder; and (ii) an aggregate of 232,400
non-transferable broker warrants (the "
Broker Warrants
"), representing 7.0% of the number of Units
sold to such subscribers, each exercisable to acquire one common share of the Company for 24 months
from the date of issuance at exercise price of $0.05 per share.
The Company plans to use the net proceeds from the Offering for general working capital purposes,
exploration
activities and expenditures on its Rare One project, marketing and advertising, and as
otherwise described in the Offering Document.
The Units issued under the Offering are not subject to resale restrictions pursuant to the LIFE Exemption
and applicable Canadian securities laws.
The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements. This news release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale
would be unlawful.
About Beyond Minerals Inc.
Beyond Minerals Inc. is a critical minerals exploration company with the Ear Falls spodumene-bearing
pegmatite exploration project in Ontario and two exploration projects in British Columbia exploring for
rare earths and base metals. Beyond Minerals is advancing the projects with its exploration team. The
Company will continue to seek to stake, to acquire, or to option other properties to expand the
Company's portfolio. Also, Beyond will seek for potential joint ventures partner on projects as it is a
source of non-dilutive working capital through partner-funded exploration and long-term residual
exposure to exploration success.
Please follow @BeyondMinerals on
,
,
,
and
YouTube
.
For more information, please refer to the Company's website at
www.beyondminerals.ca
.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking information" within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein including, without
limitation, statements regarding future capital expenditures, anticipated content, commencement, and
cost of exploration programs in respect of the Company's projects and mineral properties, anticipated
exploration program results from exploration activities, resources and/or reserves on the Company's
projects and mineral properties, and the anticipated business plans and timing of future activities of the
Company, are forward-looking information. Although the Company believes that such statements are
reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not
always, forward-looking information can be identified by words such as "pro forma", "plans", "expects",
"will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates",
"believes", "potential" or variations of such words including negative variations thereof, and phrases that
refer to certain actions, events or results that may, could, would, might or will occur or be taken or
achieved. In stating the forward-looking information in this news release, the Company has applied
several material assumptions, including without limitation, that market fundamentals will result in
sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses
and regulatory approvals in connection with the future exploration of the Company's properties, the
availability of financing on suitable terms, and the Company's ability to comply with environmental, health
and safety laws.
Forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or achievements of the Company to differ materially from any
future results, performance or achievements expressed or implied by the statements of forward-looking
information. Such risks and other factors include, among others, statements as to the anticipated
business plans and timing of future activities of the Company, the proposed expenditures for exploration
work on its properties, the ability of the Company to obtain sufficient financing to fund its business
activities and plans, delays in obtaining governmental and regulatory approvals (including of the
Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting
mining operations, risks relating to epidemics or pandemics such as COVID-19, the Company's limited
operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as
well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated
February 23, 2022 and other filings of the Company with the Canadian securities regulatory authorities,
copies of which can be found under the Company's profile on the SEDAR+ website at
www.sedarplus.ca
.
Readers are cautioned not to place undue reliance on forward-looking information. The Company
undertakes no obligation to update any of the forward-looking information in this news release except as
otherwise required by law.
For further information, please contact:
Allan Frame
President and CEO
Tel: 403-470-8450
Email:
Jason Frame
Manager of Communications
Tel: 587-225-2599
Email:
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/296837