Hannan Announces Upsize of Non-Brokered LIFE Offering of Common Shares
Hannan Announces Upsize of Non-Brokered
LIFE Offering of Common Shares
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) -
Hannan Metals Limited (TSXV:
HAN) (OTC Pink: HANNF) ("Hannan" or the "Company")
announces that, as a result of strong
investor demand, the Company has increased the size of its previously announced non-brokered private
placement offering under the Listed Issuer Financing Exemption (the "
Offering
") to up to 14,000,000
common shares (the "
Common Shares
") at a price of $0.75 per Common Share (the "
Offering Price
")
for gross proceeds of C$10,500,000.
The Offering continues to be subject to a minimum of
C$4,000,000.
The Company intends to use the net proceeds of the Offering to fund exploration expenditures at the
Company's projects in Peru, including to continue to advance the drill program at the Company's Belen
prospect, and for general corporate and administration costs and general working capital.
The Offering is expected to close in tranches by November 28, 2025, and is subject to the Company
receiving the necessary regulatory approvals, including the conditional approval from the TSX Venture
Exchange ("
TSXV
"). The Company may pay finder's fees in cash to certain arm's length finders
engaged in connection with the Offering, subject to the approval of the TSXV.
Subject to compliance with applicable regulatory requirements, the Offering is being conducted pursuant
to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus
Exemptions and in reliance on the Coordinated Blanket Order 45-935 - Exemptions from Certain
Conditions of the Listed Issuer Financing Exemption (the "
Listed Issuer Financing Exemption
"). The
securities issued to purchasers in the Offering will not be subject to a hold period under applicable
Canadian securities laws. There is an amended and restated offering document related to the upsized
LIFE Offering dated November 18, 2025 that can be accessed under the Company's profile at
www.sedarplus.ca
and at the Company's website at
www.hannanmetals.com
Prospective investors
should read the amended and restated offering document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. 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 the securities laws of any state of the United States
and may not be offered or sold within the United States (as defined in Regulation S under the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or
pursuant to an exemption from such registration requirements.
About Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF)
Hannan Metals Limited is an exploration company focused on the identification and delineation of large
gold and copper mineralizing systems in new frontiers in Peru. Over the last decade, the team behind
Hannan has forged a long and successful record of discovering, financing, and advancing mineral
projects in Australia, Europe and South America.
On behalf of the Board,
"Michael Hudson"
Michael Hudson, Chairman & CEO
Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC,
V6E 3V7
Mariana Bermudez, Corporate Secretary
+1 (604) 685 9316,
Forward-Looking Statements.
Certain disclosure contained in this news release may constitute
forward-looking information or forward-looking statements, within the meaning of Canadian securities
laws. These statements may relate to this news release and other matters identified in the Company's
public filings. In making the forward-looking statements the Company has applied certain factors and
assumptions that are based on the Company's current beliefs as well as assumptions made by and
information currently available to the Company. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements. These risks and uncertainties
include but are not limited to: timing and successful completion of the Offering; the intended use of
proceeds from the Offering; the political environment in which the Company operates continuing to
support the development and operation of mining projects; the threat associated with outbreaks of
viruses and infectious diseases; the Company's expectations regarding its mineral projects; market
conditions, the preliminary nature of the Company's operations; risks related to negative publicity with
respect to the Company or the mining industry in general; planned work programs; permitting; and
community relations. Readers are cautioned not to place undue reliance on forward-looking statements.
The Company does not intend, and expressly disclaims any intention or obligation to, update or revise
any forward-looking statements whether as a result of new information, future events or otherwise, except
as required by law.
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.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/274955