Ramp Metals Announces $2.8M Non-Brokered Private Placement
Ramp Metals Announces $2.8M Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2025) - Ramp Metals Inc. (TSXV: RAMP)
("
Ramp Metals
" or the "
Company
") is pleased to announce a non-brokered private placement
financing of up to approximately $2,800,000 (the "
Offering
").
The Offering is expected to consist of the issue and sale of:
Up to 1,111,111 charity flow-through common shares (the "
CFT Shares
") at a price of $2.07 per
CFT Share for gross proceeds of up to approximately $2,300,000; and
Up to 370,370 common shares (the "
Common Shares
") at a price of $1.35 per Common Share
for gross proceeds of up to approximately $500,000.
The proceeds from the issuance of the CFT Shares of the Offering will be used for copper (i.e. critical
mineral) exploration expenses at the Company's Rottenstone SW property in Saskatchewan.
The proceeds from the sale of the Common Shares will be used for both exploration expenses and
general working capital. The Offering is scheduled to close on or about May 23, 2025.
The CFT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the
Income Tax A
ct (Canada) (the "
Tax Act
"). An amount equal to the gross proceeds from the issuance of
the CFT 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 mining
expenditures" (as defined in subsection 127(9) of the Tax Act).
The closing is subject to certain conditions, including the approval of the TSX Venture Exchange (the
"
TSXV
"). Finder's fees may be paid in accordance with TSXV policies. All securities issued in
connection with the Offering will be subject to a hold period in Canada of four months plus one day.
About Ramp Metals Inc.
Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold
district. The Company currently has new high-grade gold discovery of 73.55 g/t Au over 7.5m at its
flagship Rottenstone SW property. The Rottenstone SW property comprises 32,715 hectares and is
situated in the Rottenstone Domain.
Neither 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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities
laws. All statements contained herein that are not clearly historical in nature may constitute forward-
looking statements. Generally, such forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or may contain statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or
"will be achieved". The forward-looking information and forward-looking statements contained herein
include, but are not limited to, statements regarding the completion of the Offering and the Company's
exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from those expressed or implied by such
statements, including but not limited to: requirements for additional capital; future prices of minerals;
changes in general economic conditions; changes in the financial markets and in the demand and
market price for commodities; other risks of the mining industry; the inability to obtain any necessary
governmental and regulatory approvals; changes in laws, regulations and policies affecting mining
operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on any forward-looking statements or information.
No forward-looking statement can be guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are made and the Company does
not undertake any obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise.
For further information, please contact:
Ramp Metals Inc.
Jordan Black
Chief Executive Officer
Prit Singh
Director
905 510 7636
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/250582