Fidelity Minerals Announces Closing and Upsize of Non-Brokered Private Placement
Fidelity Minerals Announces Closing and Upsize of Non-Brokered
Private Placement
Vancouver, BC, August 20, 2026 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE:
MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce that it has closed its
previously announced non-brokered private placement financing (the “Financing”). Due to
investor demand, the Financing was upsized from the originally announced 2,500,000 units for
gross proceeds of up to C$500,000 to 5,000,000 units (each, a “Unit”) at a price of C$0.20 per
Unit for aggregate gross proceeds of C$1,000,000.
Each Unit consists of one common share (each, a “Share”) and one-half of one transferable common
share purchase warrant (each whole warrant, a “ Warrant”). Each Warrant is exercisable into one
additional Share at a price of C$0.30 per Share until August 20, 2028. If the closing price of the
Company’s common shares equals or exceeds C$0.60 for 10 consecutive trading days, the Company
may accelerate the expiry date of the Warrants by press release, after which the Warrants will expire
30 days later.
Of the total Units issued in the Financing, 461,250 Units were subscribed by a director of the
Company (the “Participating Insider”). The Participating Insider subscription constitutes a
“related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of
Minority Securityholders in Special Transactions (“MI 61-101”). The issuance to the Participating
Insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption
contained in section 5.5(b) as the Shares are not listed on a specified market and from the minority
shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section
5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the
related parties did not exceed 25% of the Company’s market capitalization.
In connection with the Financing, the Company paid aggregate cash finders’ fees of C$55,650 and
issued an aggregate of 278,250 finder warrants (the “Finder Warrants”) to eligible finders. Each
Finder Warrant is exercisable into one Share at a price of C$0.30 per Share until August 20, 2028
and is subject to the same acceleration provisions as the Warrants.
The securities issued under the Financing, the Finder Warrants, and the Shares issuable upon
exercise of the Warrants and Finder Warrants are subject to a statutory hold period expiring
December 21, 2026. Closing of the Financing is subject to final approval of the TSX Venture
Exchange.
The Company intends to use the net proceeds of the Financing to advance its Peruvian exploration
and community relations programs, and for general working capital.
The securities described herein 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
accordingly, may not be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. is a TSX-V listed resource company. Its principal focus is the 44.5%-
owned (with a right to earn 50%) brownfield Las Huaquillas project in northern Peru. The
Company has a near-term objective to confirm previous underground sampling results and prepare
for drilling with an objective of preparing a new NI 43-101 compliant mineral resource estimate.
In addition to the Los Socavones brownfield gold opportunity, Las Huaquillas offers copper
upside potential through exploration of the two confirmed porphyry systems flanking the Los
Socavones epithermal gold zone.
The Company is run by an experienced management team with diverse technical, market, and
commercial expertise and is supported by committed, and sophisticated investors focused on
building long-term value. Fidelity’s founder John Byrne has over 50 years’ experience in the
minerals sector with a track record of developing brownfield sites into profitable mines.
On behalf of the Board of Fidelity Minerals.
Ryan Batros
CEO
Phone: +61-472-658-777
Email: [email protected]
For more information, please visit the corporate website at http://www.fidelityminerals.com or
contact:
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 NEWS RELEASE.
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements” within the meaning of Canadian
securities legislation, including, but not limited to, statements regarding receipt of final approval of the
Financing by the TSX Venture Exchange; the Company’s plans with respect to its resource projects
and the timing related thereto, the merits of the Company’s projects, and the Company’s objectives,
plans and strategies. Although the Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct. Forward-looking statements are
statements that are not historical facts; they are generally, but not always, identified by the words
“expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,”
“objective,”, “strategy”, “prospective,” and similar expressions, or that events or conditions “will,”
“would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer
to future events. The Company cautions that forward-looking statements are based on the beliefs,
estimates and opinions of the Company’s management on the date the statements are made and they
involve a number of risks and uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent required by applicable securities laws and
the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these
forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should
change. Factors that could cause future results to differ materially from those anticipated in these
forward-looking statements include the risk of accidents and other risks associated with mineral
exploration operations, the risk that the Company will encounter unanticipated geological factors, or
the possibility that the Company may not be able to secure permitting and other agency or
governmental clearances, necessary to carry out the Company’s exploration plans, risks of political
uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its
business that might interfere with the Company’s business and prospects. The reader is urged to refer
to the Company’s reports, publicly available through the Canadian Securities Administrators’ System
for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete
discussion of such risk factors and their potential effects.