CORRECTION: Canoe Mining Ventures Corp. Announces $575,000 Non-Brokered Private Placement
CORRECTION: Canoe Mining Ventures Corp.
Announces $575,000 Non-Brokered Private
Placement
Toronto, Ontario--(Newsfile Corp. - November 3, 2025) - Canoe Mining Ventures Corp. (TSXV: CLV)
(the "Company") is pleased to announce that it intends to complete a non-brokered private placement
through the issuance of up to 11,500,000 units (each, a "
Unit
") in the capital of the Company at a price
of $0.05 per Unit, for total gross proceeds of up to $575,000 (the "
Offering
").
Each Unit will consist of one common share (each, a "
Common Share
") in the capital of the Company
and one-half of one Common Share purchase warrant (each whole warrant, a "
Warrant
"). Each Warrant
will entitle the holder thereof to purchase one Common Share at a price of $0.08 per Common Share
until the date that is thirty-six (36) months from the date of issuance.
The Company intends to use the net proceeds from the Offering to acquire and evaluate new mineral
exploration properties, advance existing projects, and for general working capital and corporate
purposes.
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including
the approval of TSX Venture Exchange.
All securities issued in connection with the Offering will be
subject to a hold period of four months plus a day from the date of issuance and the resale rules of
applicable securities legislation.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any state securities laws and may
not be offered or sold within the United States or to U.S. Persons as defined under applicable United
States securities laws unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
About Canoe Mining Ventures Corp.
Canoe Mining Ventures Corp. (TSXV: CLV) is a Canadian mineral exploration company focused on
identifying, acquiring, and advancing high-potential exploration assets across Canada. The Company
seeks to generate value through strategic property acquisitions, geological evaluation, and disciplined
project development in jurisdictions with strong mining frameworks and infrastructure.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable Canadian
securities legislation, including statements regarding the terms, timing, and completion of the Offering,
receipt of regulatory approvals, and the intended use of proceeds. Forward-looking statements are
based on certain assumptions and are subject to known and unknown risks, uncertainties, and other
factors which may cause actual results to differ materially from those expressed or implied. Such risks
include, but are not limited to, the ability of the Company to complete the Offering as described, receipt
of necessary approvals, exploration and operational risks, general market conditions, and the other risks
identified under the headings "Risk Factors" in the Company's interim management's discussion and
other disclosure documents available on the Company's profile on SEDAR+ at
www.sedarplus.ca
. The
forward-looking statements contained in this press release are made as of the date hereof, and the
Company undertakes no obligation to update or revise publicly any forward-looking statements or
information, except as required by law.
ON BEHALF OF THE BOARD
Canoe Mining Ventures Corp.
Scott Kelly
CEO & Director
Tel: +1 (416) 998-4714
Email:
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/272946