Phenom Closes $704,000 Private Placement Financing with Strategic Investors
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Phenom Closes $704,000 Private Placement Financing with Strategic Investors
October 3, 2025 - Vancouver, British Columbia – Phenom Resources Corp. (TSX -V: PHNM; FSE: 1PY0)
(“Phenom” or the “ Company”) announces that it has closed its fully subscribed non-brokered private
placement (the “Offering”) previously announced on September 12, 2025, subject to final acceptance of
the TSX Venture Exchange. The Company has issued 4,400,000 Units (the “Units”) at a price of $0. 16 per
Unit for gross proceeds of $704,000. The Company is pleased to advise that Mr. Robert Kopple, through KF
Business Ventures LP by Kopple Financial Inc., subscribed for 3 million units of the Private Placement. Eric
Muscinski, the Company’s largest shareholder subscribed for 700,000 units.
Paul Cowley, President & CEO of the Company, commented: “I would like to thank Bob Kopple and Eric
Muschinski for their significant support in this financing. To them, and to all of our shareholders, we thank
you for your continuing support.”
Each Unit is comprised of one common share in the capital of the Company (“Share”) and one transferable
Share purchase warrant of the Company (“Warrant”). Each Warrant entitles the holder thereof to purchase
one additional Share (“ Warrant Share ”) at an exercise price of $0. 22 at any time before 5:00 p.m.
(Vancouver time) on October 3, 2029, being the fourth anniversary of the date of issuance.
No finder’s fees are payable in connection with the Offering.
The Company expects to use the proceeds received from the Offering for work programs on the Company’s
exploration properties and for general working capital.
All securities issued under the Offering are subject to a hold period expiring February 4, 2026, in accordance
with applicable securities laws and the policies of the TSX Venture Exchange.
The Offering remains subject to final acceptance of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered under
the United States Securities Act of 1933 (the “ 1933 Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered
under the 1933 Act and applicable state securities laws, or an exemption from such registratio n is
available.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
T: (604) 340-7711 E: [email protected] W: www.phenomresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements in this news release constitute "forward -looking" statements. These statements relate to future events or the
Company's future performance including statements regarding the intended use of proceeds and receipt of final acceptance from the TSX
Venture Exchange. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause
the actual results to vary from those expressed or implied by such forward -looking statements. Forward -looking statements involve
significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will no t necessarily
be accurate indications of whether or not such results will be achieved. Actual results could differ mate rially from those anticipated due
to a number of factors and risks. Although the forward -looking statements contained in this news release are based upon what
management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors
that actual results will be consistent with these forward-looking statements. Readers should not place undue reliance on forward-looking
statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company 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 under applicable securities regulations.