Searchlight Announces Non-Brokered Private Placement
Searchlight Announces Non-Brokered Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2026) - Searchlight Resources Inc. (TSXV:
SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") announces a non-brokered private
placement financing of up to 11,000,000 Units consisting of one common share and one full purchase
warrant at a price of $0.10 per unit (the "Offering"). Each warrant will entitle the holder to purchase one
common share at $0.15 per share for a period of 3 years from the date of issue.
Searchlight intends to use the gross proceeds of up to $1,100,000 of the Offering to fund exploration
expenditures on its portfolio of mineral properties and for general working capital.
Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary
corporate and regulatory approvals, including approval from the TSX Venture Exchange. Finders fees
may be payable in connection with this private placement. All the securities issuable will be subject to a
four-month hold period from the date of closing.
On behalf of the Board of Directors,
"Stephen Wallace"
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
For further information, visit the Company's website at
www.searchlightresources.com
or contact:
Searchlight Resources Inc.
Alf Stewart, Chairman
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The
Company cautions that all forward-looking statements are inherently uncertain, and that actual
performance may be affected by a number of material factors, many of which are beyond the Company's
control. Such factors include, among other things: risks and uncertainties relating to the Company's
limited operating history and the need to comply with environmental and governmental regulations.
Accordingly, actual and future events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/300687