Gamma Resources Announces Increase in Private Placement to $1,750,000 and Closing of First Tranche at $872,500
On Friday, August 28, 2026 at 7:15PM ET
Gamma Resources Announces Increase in Private Placement
to $1,750,000 and Closing of First Tranche at $872,500
NOT FOR DISTRIBUTION T O U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED ST ATES
VANCOUVER, BC / ACCESS Newswire / August 28, 2026 / GAMMA Resources Ltd (TSXV:GAMA)(OTCQB:GAMXF)
(Frankfurt:MRD0) ("GAMMA" or the "Company") is pleased to announce an increase in the gross proceeds of its non-
brokered private placement $1,750,000. On July 31, 2026, Gamma announced the private placement to raise up to $880,000 and
then on August 27, 2026 increased it to $1,500,000. After closing the first tranche at $872,500 the Company announces that it
will further increase the private placement to gross proceeds of up to $1,750,000
The Private Placement will consist of up to 21,875,000 units (each a "Unit") at a purchase price of $0.08 per Unit for gross
proceeds of up to $1,750,000. Each Unit will consist of one common share in the capital of the Company (a "Common Share")
and one non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the
holder to acquire one additional Common Share at an exercise price of $0.12 for a period of 36 months following the closing of
the Private Placement (the "Closing Date"). The Company anticipates closing a second tranche of the Private Placement shortly.
The completion of the first tranche, and the subsequent second tranche, of the Private Placement is subject to the acceptance of
the TSX Venture Exchange.
In connection with the closing of the first tranche, the Company issued 10,906,250 Units at a price of $0.08 per Unit. Each unit is
comprised of one Common Share and one Warrant. Each Warrant entitles the holder thereof to purchase one Common Share until
August 28, 2029, at an exercise price of $0.12 per warrant share. Finders' fees of $8,225 in cash and 102,813 Finders Warrants
are to be paid. The Finders Warrants are non-transferable, have an exercise price of $0.08 and may be exercised for a period of 24
months from the close of the private placement.
Directors of the Company are expected to participate in the second tranche. Such participation is considered to be a related party
transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The
offering will be exempt from the formal valuation and minority shareholder approval requirements of 61-101 as neither the fair
market value of the securities issued to related parties nor the consideration for such securities will exceed 25 per cent of the
Company's market capitalization.
All securities issued in connection with the Private Placement will be subject to a four-month plus one day hold period from the
Closing Date, pursuant to applicable securities laws and the policies of the TSX Venture Exchange. The securities issued in
connection with the Private Placement have not been nor will they be registered under the United States Securities Act of 1933,
as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US
persons, absent such registration or an exemption from registration. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation
would be unlawful.
Use of proceeds: The company intends to use the net proceeds of the private placement to continue exploration at its Mesa Arc
project in New Mexico and its Green River project in Utah, and for general working capital and corporate purposes.
About Gamma Resources Ltd.
Gamma Resources Ltd. (TSX-V:GAMA)(OTCQB:GAMXF)(FRA:MRD0) is a U.S.-focused uranium exploration and
development company advancing high-quality assets in the Mountain West region of the United States. The Company's portfolio
includes the Green River Project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc Project in
New Mexico, a strategic land position now totaling 4,520 acres that includes historic uranium resources in the Chama Basin.
Management believes the Company is well-positioned to benefit from the policy and market tailwinds reshaping the U.S. nuclear
landscape and to help meet growing demand with responsibly sourced, U.S.-based uranium supply.
Gamma trades on the TSX Venture Exchange (TSX-V:GAMA), in the United States on the OTCQB (OTCQB:GAMXF), and in
Germany on the Frankfurt Stock Exchange (FRA:MRD0).
Note Regarding Historical Estimates
The historic uranium resources referred to in this news release are historical estimates. A qualified person has not done sufficient
work to classify these historical estimates as current mineral resources or mineral reserves, the Company is not treating them as
current mineral resources or mineral reserves, and they should not be relied upon as such.
For Further Information
Mr. Connor Messler
Email: [email protected]
Tel: (833) 854-6826
www.gammaresourcesltd.com
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or
variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or
"occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are
made as of the date of this news release and include without limitation, statements regarding discussions of future plans,
estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the
completion of the Private Placement on the terms described herein; the expected closing date of the Private Placement; the
anticipated proceeds to be raised under the Private Placement; the intended use of any proceeds raised under the Private
Placement; the anticipated participation of insiders in the Private Placement and the availability of the exemptions from MI 61-
101 referred to herein; the payment of any finder's fees in connection with the Private Placement; the anticipated benefits to the
Company and its shareholders of the structure of the Private Placement, including reduced dilution and the absence of freely
tradeable securities on closing; the Company's planned exploration activities at the Mesa Arc and Green River projects; and the
receipt of all required regulatory approvals for the Private Placement, including that of the TSXV.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results
suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or
failure to obtain required regulatory approvals for the Private Placement, including TSXV approval; the inability of the Company
to complete the Private Placement on the terms described herein, on the timetable anticipated, or at all; the inability of the
Company to raise the anticipated proceeds under the Private Placement; the possibility that insiders do not participate in the
Private Placement; the possibility that the size of the Private Placement is insufficient to fund the Company's planned activities
and that additional financing is required on terms that may be less favorable; the inability of the Company to utilize the
anticipated proceeds of the Private Placement as anticipated; and risks related to global financial markets, including the trading
price of the Company's Common Shares.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including
without limitation: the Company will obtain the required regulatory approvals for the Private Placement, including TSXV
approval; the Company will be able to raise the anticipated proceeds under the Private Placement and on the timetable
anticipated; and the Company will use the proceeds of the Private Placement as currently anticipated.
Although management of the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in
accordance with applicable securities laws.
SOURCE: Gamma Resources LTD