March 2, 2026 News Release - Forty Pillars Announces Closing of Non-Brokered Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Forty Pillars Announces Closing of Non-Brokered Private Placement
Vancouver, B.C. – March 2, 2026 ‐ Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or
“Forty Pillars”) is pleased to announce that it has closed its previously announced non-brokered
private placement offering by issuing 10,710,000 units (the “ Units”) at a price of $0.0 5 per Unit for
aggregate gross proceeds of $535,500 (the “Offering”).
Each Unit is comprised of one common share in the capital of the Company (each, a “Share”) and one
transferrable Share purchase warrant (each, a “ Warrant”). Each Warrant entitles the holder to acquire
an additional Share at a price of $0. 10 per Share until March 2, 2028 . The Company previously
announced that the Warrants would be exercisable for a period of 60 months from the date of issuance.
However, those warrants will now be exercisable for a period of 24 months from the date of issuance
(until March 2, 2028). All other terms of those warrants remain unchanged.
The Company paid aggregate cash finder’s fees of $32,580 and issued an aggregate of 651,600
warrants (“ Finder’s Warrants ”) to eligible finders in connection with the Offering. Each Finder’s
Warrant entitles the holder to acquire an additional Share (a “Finder’s Warrant Share”) at a price of
$0.10 per Finder’s Warrant Share until March 2, 2028.
The proceeds raised from the Offering are expected to be used for working capital and general
corporate purposes. All securities to be issued under the Offering will be subject to a four month hold
period in accordance with applicable Canadian securities laws and the policies of the Canadian
Securities Exchange (“CSE”). Completion of the Offering is subject to certain conditions including the
receipt of all necessary approvals, including the approval of the CSE.
About Forty Pillars
Forty Pillars Mining Corp. is a Vancouver, B.C. based mineral exploration company focused on
exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C. The Company also
has an option to acquire a 100% interest in the Val -d’Or North property in the Abitibi sub -province of
Quebec and an option to acquire a 100% interest in the Golden Link project located in central
Newfoundland.
FOR FURTHER INFORMATION CONTACT:
Nader Vatanchi
Chief Executive Officer
p: 778-881-4631
Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Certain information contained herein constitutes “forward -looking information” under Canadian
securities legislation. Forward -looking information includes, but is not limited to the intended use of
funds. Generally, forward -looking information can be identified by the use of forward -looking
terminology such as “anticipates”, “anticipated” “expect ed” “intends” “will” or variations of such
words and phrases or statements that certain actions, events or results “will” occur. Forward -looking
statements are based on the opinions and estimates of management as of the date such statements are
made and they are from those expressed or implied by such forward -looking statements or forward -
looking information subject to known and unknown risks, uncertainties and other factors that may
cause the actual results to be materially different, including receipt of all necessary regulatory
approvals. Although management of the Company have 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. The Company will not update any forward -looking statements or forward-looking
information that are incorporated by reference herein, except as required by applicable securities
laws.
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 Company's securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful, including any of the securities in the United States of America. The Company's
securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United
States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act)
unless registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration requirements is available.