(05-11-2025) Hannan Metals Limited (TSX-V: HAN; OTCPK: HANNF), Vancouver, exploration company focused on copper, silver, and gold in Peru announced a non-brokered private placement consisting of a minimum of 5,333,333 common shares at a price of US$0.75 per share (the “Offering Price”) to raise total gross proceeds of CAN$4,000,000, and a maximum of 6,666,667 common shares at the Offering Price, to raise total gross proceeds of CAN$5,000,000 (the “Offering”).
The company intends to use the net proceeds of the Offering to fund exploration expenses at its projects in Peru, including advancing the drilling program at the Belén prospect, as well as for general corporate and administrative expenses and working capital.
The Offering is expected to close around November 18, 2025, subject to the necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange (TSX-V).