Gladiator Announces Closing of Institutional C$35M Private Placement
Gladiator Announces Closing of Institutional
C$35M Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) -
Gladiator Metals Corp.
(TSXV: GLAD)
(OTCQB: GDTRF) (FSE: ZX7) ("
Gladiator
" or the "
Company
") is pleased to announce it has closed its
BlackRock led non-brokered private placement raising gross proceeds of C$35,040,000 (the
"Offering").
The Offering consisted of the issuance of 7,000,000 Charity Flow-Through common shares (the "Charity
FT Shares") at a price of C$3.87 per Charity FT Share and 3,000,000 Non-Flow-Through common
shares (the "NFT Shares") at a price of C$2.65 per NFT Share.
Gladiator intends to use the proceeds of the Offering to aggressively accelerate the Company's 2026
and 2027 exploration campaign at its flagship Whitehorse Copper Project and for corporate and general
working capital purposes:
In connection with the closing, the Company paid finders' fees to eligible finders consisting of the
issuance of 300,000 non-transferable share purchase warrants exercisable at $2.65 for a period of two
years from the date of closing and cash fees of $556,500. The securities issued under the Offering are
subject to a hold period under applicable securities laws in Canada expiring four months and one day
from July 15, 2026 and are subject to certain closing conditions including, but not limited to, the receipt of
all necessary approvals including the final approval of the TSX Venture Exchange.
The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the
Income Tax Act (Canada) (the "Tax Act")). An amount equal to the gross proceeds from the issuance of
the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i)
"Canadian exploration expenses" (as defined in the Tax Act), and (ii) as "flow-through critical mineral
mining expenditures" (as defined in subsection 127(9) of the Tax Act) (collectively, the "Qualifying
Expenditures"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised
from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before
December 31, 2027 and will be renounced by the Company to the initial purchasers of the FT Shares
with an effective date no later than December 31, 2026.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any 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 unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
ON BEHALF OF THE BOARD
"
Jason Bontempo
"
Jason Bontempo
Director and CEO
For further information please contact:
+1 778 726 3356
Forward-Looking Statement Cautions:
Certain of the statements and information in this news release constitute "forward-looking statements"
or "forward-looking information". Any statements or information that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as "expects", "anticipates",
"believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or
variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions)
that are not statements of historical fact may be forward-looking statements or information.
Forward-looking statements or information are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those reflected in
the forward-looking statements or information, including, without limitation, the Offering, the need for
additional capital by the Company through financings, and the risk that such funds may not be raised;
the speculative nature of exploration and the stages of the Company's properties; the effect of
changes in commodity prices; regulatory risks that development of the Company's material properties
will not be acceptable for social, environmental or other reasons; availability of equipment (including
drills) and personnel to carry out work programs; and that each stage of work will be completed within
expected time frames. This list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there may be other factors that cause results
not to be as anticipated, estimated, described or intended. Accordingly, readers should not place
undue reliance on forward-looking statements or information. 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.
The Company's forward-looking statements and information are based on the assumptions, beliefs,
expectations and opinions of management as of the date of this news release, and other than as
required by applicable securities laws, the Company does not assume any obligation to update
forward-looking statements and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting such statements or
information.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
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