QURI-Mayu Announces Closing of Second Tranche of Non-Brokered Private Placement
QURI-MAYU DEVELOPMENTS LTD.
QURI-MAYU ANNOUNCES CLOSING OF SECOND TRANCHE OF
NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia, October 30, 2025 , Quri-Mayu Develop ments Ltd. (TSXV: QURI)
(“Quri-Mayu” or the “ Company”) is pleased to announce that, further to its news releases dated
July 14, 2025 and September 23, 2025, it has close d the second and final tranche (the “ Second
Tranche”) of its non -brokered private placement of $418,000 (the “ Offering”). Together with the
proceeds from the first tranche, the Company has raised total gross proceeds of $1,197,336 under
the Offering.
The Second Tranche consisted of aggregate gross proceeds of $418,000 through the issuance of
8,360,000 units (each, a “Unit”) at a price of $0.05 per Unit. Each Unit consists of one (1) common
share in the capital of the Company (each, a “ Share”) and one -half of one (1/2) common share
purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase
one additional Share (a “Warrant Share”) at a price of $0.10 per Warrant Share for a period of twenty-
four (24) months from the d ate of issuance, subject to an acceleration provision whereby if the
closing price of the Shares on the TSX Venture Exchange equals or exceeds $0.20 for a period of ten
(10) consecutive trading days, the Company may, within fifteen (15) days of such occurrence,
accelerate the expiry date of the Warrants by giving notice to the holders. In such event, the Warrants
will expire thirty (30) days after such notice is given.
In connection with the Second Tranche, the Company paid finder’s fees of $ 10,150 in cash and
issued 175,000 non-transferable finder’s warrants (each, a “ Finder’s Warrant”) to eligible finders.
Each Finder’s Warrant is exercisable into one Share (each, a “Finder’s Warrant Share”) at a price of
$0.10 per Finder’s Warrant Share for a period of twenty-four (24) months from the date of issuance.
The Company intends to use the net proceeds from the Offering for exploration and advancement of
its mineral properties and for general working capital purposes. The Company may reallocate the
proceeds in its discretion for sound business reasons.
The securities issued under the Second Tranche are subject to a statutory hold period of four months
and one day, expiring on February 25, 2026.
The company is also pleased to announce the appointment of Peter Rhodes as an i ndependent
member of the Board of Directors of the Company. Mr. Rhodes is Chartered Accountant with over 20
years of experience across investment banking, corporate finance, and natural resource project
development. Peter has led large-scale transactions and built ventures across Africa, Canada, Asia,
and Europe, combining financial discipline with hands -on operational oversight in mining and
industrial projects.
About Quri-Mayu Developments Ltd.
Quri-Mayu Developments Ltd. is a resource exploration company that is acquiring and exploring
mineral properties. The Company is a reporting issuer in the province of British Columbia.
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On Behalf of the Board of Directors
QURI-MAYU DEVELOPMENTS LTD.
Kevin Smith
Chief Executive Officer
Telephone: 604-309-6340
Cautionary Statements Regarding Forward Looking Information
This news release contains statements that constitute “forward -looking information” within the
meaning of applicable Canadian securities laws, including statements regarding the Company’s
plans, intentions, expectations, and objectives for future operation s and the use of proceeds from
the Offering. Forward-looking information is based on management’s reasonable assumptions and
beliefs as of the date of this release. Such statements are subject to known and unknown risks,
uncertainties and other factors tha t may cause actual results to differ materially from those
expressed or implied in the forward- looking information, including without limitation: market
conditions, commodity prices, exploration risks, regulatory approvals, and the Company’s ability to
execute its business strategy as planned. Readers are cautioned not to place undue reliance on
forward-looking information. The Company undertakes no obligation to update or revise such
information except as required by law.
Neither 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.